Is Coforge a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Coforge Ltd is a good quality company .

Is Coforge undervalued or overvalued?

The key valuation ratios of Coforge Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Coforge share price return in the past 10 years?

Coforge Ltd share price has appreciated 35.9% annually (CAGR) over the past ten years.

Is Coforge a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Coforge Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Coforge Ltd - Stock Valuation and Financial Performance

Name: Coforge
Brand: Coforge

BSE: 532541 | NSE: COFORGE | IT - Software | Mid Cap

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Coforge Share Price

₹8,210.25 96.35 1.19%
as on 21-Nov'24 16:59

10 Year X-Ray of Coforge:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.5%	25.3%	21.7%	23.5%	29.5%	27.1%	24.9%	33.4%	31.7%	31.3%	-
Value Creation Index ⓘ	0.0	0.8	0.6	0.7	1.2	1.0	0.9	2.0	1.8	1.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,373	2,688	2,802	2,991	3,676	4,184	4,663	6,432	8,015	9,179	10,145
Sales YoY Gr.	-	13.3%	4.3%	6.8%	22.9%	13.8%	11.5%	37.9%	24.6%	14.5%	-
Adj EPS ⓘ	29.7	43.7	44.2	45.6	65.5	66.6	78.7	106.7	116.8	130	119.4
YoY Gr.	-	47.5%	1.2%	3%	43.6%	1.8%	18.1%	35.6%	9.4%	11.4%	-
BVPS (₹) ⓘ	221.9	255.8	272.8	285.4	332.4	382.1	398.3	439.3	490	580	895.5
Adj Net Profit ⓘ	181	268	271	280	404	416	477	650	713	804	797
Cash Flow from Ops. ⓘ	258	360	472	382	453	297	762	766	951	903	-
Debt/CF from Ops. ⓘ	0	0	0.1	0.1	0	0.1	0	0.5	0.4	0.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.2%	20.1%	25.3%	14.5%
Adj EPS ⓘ	17.9%	14.7%	18.2%	11.4%
BVPSⓘ	11.3%	11.8%	13.4%	18.4%
Share Price	35.9%	40.6%	13.7%	46%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.5	18.3	16.7	16.2	21	18.6	19.6	25	24.5	24	16.2
Op. Profit Mgn % ⓘ	14.7	17.6	17.4	16.9	17.7	17.3	17	17.1	16	15.6	14.7
Net Profit Mgn % ⓘ	8	10.6	10.5	10.3	11.5	10.5	10.5	10.9	9.5	9.1	7.9
Debt to Equity ⓘ	0	0	0	0	0	0	0	0.1	0.1	0.1	0
Working Cap Days ⓘ	167	173	164	161	144	155	173	163	163	167	61
Cash Conv. Cycle ⓘ	51	52	48	43	38	38	45	34	31	30	21

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.33%

Net Profit is growing at healthy rate in last 3 years 18.23%

Sales growth is good in last 4 quarters at 16.09%

Return on Equity has declined versus last 3 years average to 16.20%

Latest Financials - Coforge Ltd.

	Standalone	Consolidated
TTM EPS (₹)	152	119.4
TTM Sales (₹ Cr.)	5,025	10,145
BVPS (₹.) ⓘ	838.2	895.5
Reserves (₹ Cr.) ⓘ	5,529	5,912
P/BV ⓘ	9.68	9.06
PE ⓘ	53.38	67.96

From the Market
52 Week Low / High (₹)	4291.05 / 8236.95
All Time Low / High (₹)	42.50 / 8183.85
Market Cap (₹ Cr.)	54,170
Equity (₹ Cr.)	66.8
Face Value (₹)	10
Industry PE ⓘ	34.4

Management X-Ray of Coforge:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Coforge

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Coforge

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,372	2,688	2,802	2,991	3,676	4,184	4,663	6,432	8,015	9,179
Operating Expenses ⓘ	2,037	2,215	2,323	2,490	3,028	3,461	3,883	5,330	6,734	7,751
Manufacturing Costs	248	270	281	329	446	393	559	822	1,063	1,078
Material Costs	-3	8	0	0	0	0	0	0	0	0
Employee Cost	1,333	1,542	1,651	1,760	2,153	2,530	2,816	3,835	4,828	5,507
Other Costs ⓘ	459	395	390	401	429	538	509	674	843	1,167
Operating Profit ⓘ	336	473	480	501	649	723	780	1,102	1,281	1,428
Operating Profit Margin (%)	14.2%	17.6%	17.1%	16.8%	17.6%	17.3%	16.7%	17.1%	16.0%	15.6%
Other Income ⓘ	17	22	27	39	54	68	33	52	62	61
Interest ⓘ	6	8	6	9	9	16	14	65	81	126
Depreciation ⓘ	92	121	128	127	125	173	184	227	259	319
Exceptional Items ⓘ	-80	-1	-22	0	-6	-7	-18	0	-52	0
Profit Before Tax ⓘ	176	365	351	404	562	595	596	862	951	1,045
Tax ⓘ	54	78	79	95	140	128	130	147	206	209
Profit After Tax	122	287	272	309	422	468	466	715	745	836
PAT Margin (%)	5.1%	10.7%	9.7%	10.3%	11.5%	11.2%	10.0%	11.1%	9.3%	9.1%
Adjusted EPS (₹)	18.7	44.1	40.7	45.6	65.3	71.0	75.2	108.7	113.6	130.7
Dividend Payout Ratio (%)	51%	23%	31%	33%	0%	44%	17%	48%	56%	58%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,354	1,565	1,675	1,755	2,054	2,388	2,414	2,676	2,994	3,585
Share Capital ⓘ	61	61	61	62	62	63	61	61	61	62
Reserves ⓘ	1,293	1,504	1,614	1,693	1,993	2,326	2,353	2,615	2,933	3,523
Minority Interest	19	19	24	22	8	0	0	98	87	100
Debt	5	6	21	18	10	5	0	354	338	437
Long Term Debt	5	6	21	18	10	5	0	337	338	340
Short Term Debt	0	0	0	0	0	0	0	18	0	97
Trade Payables	213	119	119	145	165	263	340	616	648	806
Others Liabilities ⓘ	665	920	955	1,132	1,122	1,384	1,468	2,146	2,651	2,369
Total Liabilities ⓘ	2,257	2,630	2,795	3,072	3,358	4,041	4,222	5,890	6,719	7,297
Fixed Assets
Gross Block	934	1,026	1,088	1,254	1,278	1,695	1,673	2,834	3,098	3,371
Accumulated Depreciation	376	123	240	375	460	615	652	768	786	1,018
Net Fixed Assetsⓘ	558	903	848	879	819	1,079	1,021	2,067	2,312	2,353
CWIP ⓘ	120	17	0	1	1	0	0	17	5	23
Investmentsⓘ	55	75	316	365	365	14	12	0	0	0
Inventories	9	0	0	0	0	0	0	0	0	0
Trade Receivables	606	590	468	586	588	857	1,068	1,389	1,613	1,804
Cash Equivalents	269	336	408	418	558	903	812	454	579	335
Others Assetsⓘ	640	709	756	823	1,028	1,187	1,309	1,963	2,211	2,782
Total Assets ⓘ	2,257	2,630	2,795	3,072	3,358	4,041	4,222	5,890	6,719	7,297

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	258	360	472	382	453	297	762	766	951	903
PBT ⓘ	256	367	373	404	562	595	596	862	951	1,045
Adjustment ⓘ	159	152	123	103	80	149	284	312	382	505
Changes in Working Capital ⓘ	14	-58	104	-13	-71	-266	50	-143	-103	-280
Tax Paid ⓘ	-92	-99	-105	-111	-118	-181	-168	-265	-280	-366
Cash Flow From Investing Activity ⓘ	-177	-304	-306	-270	-230	112	-93	-956	-272	-248
Capex	-187	-160	-86	-88	-68	-70	-76	-148	-154	-260
Net Investments	7	-15	-228	-29	-4	370	2	45	0	0
Others ⓘ	3	-129	8	-154	-158	-188	-19	-854	-118	12
Cash Flow From Financing Activityⓘ	-66	-73	-67	-74	-106	-133	-696	-156	-558	-887
Net Proceeds from Shares ⓘ	2	2	7	7	9	29	2	5	2	1
Net Proceeds from Borrowing ⓘ	-1	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-3	-1	-1	-1	-9	-8	-27	-71	-106
Dividend Paid ⓘ	-65	-73	-74	-81	-109	-147	-69	-375	-429	-478
Others ⓘ	0	2	1	1	-5	-6	-621	240	-60	-304
Net Cash Flow ⓘ	14	-16	99	38	116	277	-26	-347	121	-231

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.11	19.66	16.79	18	22.16	21.05	19.41	28.09	26.28	25.4
ROCE (%)	13.46	25.29	21.65	23.54	29.45	27.05	24.92	33.36	31.71	31.28
Asset Turnover Ratio	1.18	1.1	1.03	1.02	1.14	1.13	1.13	1.27	1.27	1.31
PAT to CFO Conversion(x)	2.11	1.25	1.74	1.24	1.07	0.63	1.64	1.07	1.28	1.08
Working Capital Days
Receivable Days	90	81	69	64	58	63	75	70	68	68
Inventory Days	1	1	0	0	0	0	0	0	0	0
Payable Days	0	7,172	0	0	0	0	0	0	0	0

Coforge Ltd Stock News

Coforge Ltd FAQs

What is the share price of Coforge?

Company share prices are keep on changing according to the market conditions. The closing price of Coforge on 21-Nov-2024 16:59 is ₹8,210.3.

What is the market cap of Coforge?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Coforge stood at ₹54,170.

What is the P/E ratio of Coforge?

The latest P/E ratio of Coforge as of 21-Nov-2024 16:59 is 53.38.

What is the P/B ratio of Coforge?

The latest P/B ratio of Coforge as of 21-Nov-2024 16:59 is 9.68.

What is the 52-week high and low of Coforge?

The 52-week high of Coforge is ₹8,237 and the 52-week low is ₹4,291.1.

What is the TTM revenue of Coforge?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Coforge is ₹5,025 ( Cr.) .

About Coforge Ltd

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides it a distinct vantage. The company leverage AI, Cloud and Insight driven technologies, allied with its industry expertise, to transform client businesses into intelligent, high growth enterprises.

NIIT Technologies has begun operating under a new name Coforge Limited with a newly designed company logo unveiled in August 2020. This renaming initiative reflects both the evolution of the company as well as its vision for the future. Tracing its roots back to 1981, the firm has over the last three years charted a very high growth and change trajectory.

Today the company’s proprietary platforms power critical business processes across the Insurance, Financial Services and Travel industries. The company’s 11,000 technology and process consultants’ engineer, design, consult, operate and modernize systems across the world.

Business area of the company

Coforge is a leading global IT solutions organization, whose in-depth domain expertise and technology prowess enables it to execute at intersect, to drive customer digital transformation; and real-world business impact. The Company is rendering Information Technology solutions and is engaged in Application Development and Maintenance, Managed Services, Cloud Computing and Business Process Outsourcing to organizations in a number of sectors viz. Financial Services, Insurance, Travel, Transportation and Logistics, Manufacturing and Distribution and Government

Offerings

Application Services
Business Process Services
Cloud Services
Data & Analytics
Digital Process Transformation
Digital Services
Cyber security
Infrastructure Management Services
Intelligent Automation

Awards and Accolades

FY14

Conferred with Asia’s Most Promising Brand Award by the World Consulting and Research Corporation.
Listed in the Forbes Asia's 200 Best under a Billion Companies.
Four coveted awards at Asia's Best Employer Brand Awards 2013.
Featured in Computerworld’s 100 Best Places to Work in the IT 2013 list.
Secured Best Offshore Partner Award from ICT Subsidiary of German Railways
Coforge and Morris Communications won “Best Managed Services” Outsourcing Excellence Award
Conferred with ‘Fortune at the Bottom of Pyramid award’, instituted by COAI, Aegis and PWC
Awarded the ‘Solution Partner of the Year’ award by Motorola for its innovative implementation of the India Tobacco Board project

FY15

Included in the 2015 list of The Global Outsourcing 100® and The World's Best Outsourcing Advisors in the Leader size category. The awards, presented by the International Association of Outsourcing Professionals (IAOP), were based on an evaluation by a panel of independent experts.
Felicitated for its outstanding contribution to infrastructure development at The Economic Times Infra Focus Summit 2014.
Coforge BPO was conferred with an Award for ‘Delivering Business Value’ at the National Awards for Excellence in Outsourcing and BPO 2014 from the Asia Sourcing Congress
Conferred with the ‘Best Service Desk Award’ at the 2013 International Whitepaper Competition organized by it SMF International. The submission paper highlighted the way Coforge had implemented a Service Desk to enable the organization to improve efficiency, effectiveness and customer service while scaling support across the globe.

FY16

Given the most prestigious “The International Outsourcing Contract of the Year” award by the National Outsourcing Association (NOA) for our partnership with Morris Communications
Conferred with E-Governance Initiative of the Year award by the Associated Chambers of Commerce of India (ASSOCHAM)
Conferred with “Talent Management” award at the Knowledge Management Leadership Awards by the Asia-Pacific HRM Congress
Ranked #5 for customer satisfaction in the UK
Listed in 50 Best IT- BPM Company to Work For in 2015 by the “Great Place To Work® Institute”
Conferred with “HR Technology Leader” award by BusinessWorld HR Excellence
Listed in ComputerWorld’s 2015 List of 100 Best Places to Work in IT and ranked No. 23 among small organizations
Coforge’ BPO conferred with two awards at National Awards for Excellence in Outsourcing & BPO 2015 by the Asia Outsourcing Congress: “BPO Contract of the Year” and “Award for Skills Development Program of the Year”

FY17

Included in Vendor Landscape: Continuous Testing Services For Agile And DevOps Environments, published report by Forrester Research
Positioned as a ‘High Achiever’ within the NelsonHall Next Generation Application Outsourcing NEAT Matrix
Coforge business outcome-based engagement with one of its clients was featured as a case study in a recent Gartner report “Adopt Agile Microsourcing for Innovation Projects to Drive Digital Success”, 22 March 2017, DD Mishra
Awarded ‘Dream Companies to work for’ for Talent Management by Times Ascent in association with World HRD Congress
Won Jury’s Choice Award for ‘Compensation Benefits Leadership’ under BennyAwards2017 by World HRD Congress
Conferred with ‘Best Employer Brand 2017’ for Best HR Strategy in line with Business, by the Employer Branding Institute in association with World HRD Congress
Conferred with the industry’s most prestigious League Awards- Total Rewards by People matters for “Best Contribution in Holistic Recognition”
Won HR Innovation Awards for ' Best contribution to Organization Culture ' and 'Best Rewards & Recognition program' by HT Mint Connect and The Guild in association with CNBC TV18
ESRI India wins the Prestigious Indian Express IT Award for IT Innovation in Enterprise
Won Aecus Innovation award for delivering ‘Uninterrupted Business and IT operations at Multiple Airports during Unprecedented Crisis’ for Airports Authority of India (AAI)
Coforge is Ahead of the Automation and Analytics Curve : ISG Briefing Notes
Ranked #5 in customer satisfaction amongst top 27 outsourcing service providers in the UK by Whitelane and PA consulting Group
Esri India conferred with Technoviti Award for Enterprise GIS platform for BFSI
Identified as 'Leader' in NelsonHall's NEAT vendor evaluation for Digital Transformation Services
Received Asia Outsourcing Excellence Awards for Operational Excellence & Quality and BPO Innovation of the Year
Recognized as top performing IT stock on Bloomberg Intelligence’s Global IT Services Commercial Competitive Peers index
Secured ‘Best Service Provider Award’ from DB Systel, subsidiary of German Railways
HRO Today Services and Technology Awards for Excellence in Business Partnership in US
‘RB Investor Communication’ award in the ‘Technology - Emerging Corporates’ category

FY18

Positioned as a Major Contender and a Star Performer in Everest Group's 'IT Application Outsourcing in Insurance PEAK MatrixTM 2017
Coforge featured in HfS 2017 AI-Powered OneOffice Premier League
Conferred with Aegis Graham Bell Award for “Innovation in Cloud” category
Esri India won Aegis Graham Bell Award for “Innovative Enterprise Solutions” category
Esri India recognized as ‘Best Smart Cities Solution Provider in GIS’ at the ET Now CSR Global Leadership Awards
Won EE Employee Engagement award in UK
Conferred with Partner of the Year for Quality by Aflac ,Leader in voluntary insurance sales at the worksite in US and leading provider of medical and cancer insurance and insures 1 in 4 households in Japan.
Felicitated with International Airport Review Award in Terminal Operations
Won HRO Today award for Excellence in Rewards & Benefits
Conferred with Asia Pacific HRM Congress awards for 'Organization with innovative HR practices'
Gold winner of the 2017 ITSMA Marketing Excellence Awards
Received 'Automation Project of the Year' award from Global Sourcing Association - EU and India
Felicitated with BW HR Excellence awards 2017 for Change Management
Coforge Helps Companies to Enhance Ancillary Revenue and Customer Experience:ISG Briefing Notes

FY19

Ranked number one in ‘Business Understanding’ by clients in the 2018 UK IT Outsourcing Study conducted by Whitelane Research and PA Consulting Group
Conferred with Times Ascent “Best Change Management Strategy” at India Human Capital Summit and Awards
Received the ‘Partner Excellence in Driving Customer Success’ award from Pega
Conferred with Appian 2018 Regional Partner of the Year in APAC
Recognized as the only ‘Star Performer’ amongst ‘Major Contenders’ on the 2018 Everest Group PEAK Matrix Insurance Application Services

FY20

Coforge recognized as a ‘Leader’ in Agile and DevOps by NelsonHall
AdvantageGo Named as one of the 'Hot 100' Insurtech Firms by Intelligent Insurer magazine
Coforge ranked #1 in ‘Business Understanding’ for the second consecutive year in 'Whitelane's 2019 UK IT Sourcing Study'
Coforge Named a Leader in Agile Software Development Services by Forrester Research in The Forrester WaveTM: Midsize Agile Software Development Service Providers, Q2 2019
Incessant Technologies and RuleTek, Coforge companies Receive Pega Partner Award 2019 for ‘Excellence in Growth and Delivery’

FY21

Coforge is positioned as a leader in ‘Travel & Hospitality’ and ‘Small & Medium Service Providers’ segments of Zinnov Zones 2020 for RPA services
Coforge has been ranked amongst the top 3 IT service providers in customer satisfaction in Whitelane’s 2020 UK IT Sourcing Study