Coforge share price
NSE: COFORGEBSE: 532541IT - SoftwareMid Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹1,961.90.
29 Oct: open ₹1,975.00, high ₹1,978.50, low ₹1,939.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹86,924 Cr200th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 44.35
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹312 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 38.26
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.89
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.61%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 13.4%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹312 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 15.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 10.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.25
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 15,64,32150.7% delivered
About Coforge
Coforge Limited is an IT services company that builds customised software, digital platforms and managed services for enterprise clients.12 Its work centres on engineering, using AI, cloud, data, integration and automation.3 Its chosen industries are banking and financial services, insurance, travel, healthcare, hi-tech and the public sector outside India.4 It operates across North America, South America, Europe, the Middle East, India, Asia-Pacific and Australia.4
It runs 54 delivery centres in 32 countries and had 47,365 employees at the end of September 2026.45 Its own AI platforms include CodeInsightAI, which modernises old software, BlueSwan, for automated software testing, and EvolveOps.AI, which runs IT operations and fixes faults automatically.6
It was incorporated in 1992.7 It took control of Cigniti Technologies, a software testing and engineering firm, on 5 Jul 2024.89 Cigniti merged into the company on 5 May 2026, with an appointed date (the date from which the merger counts in the accounts) of 1 Apr 2025.1011 It bought all of Encora, an engineering firm founded in Silicon Valley, on 23 Apr 2026, paying mainly with 9,37,96,508 new shares issued at ₹1,815.91 each.1213 Encora brought about 9,500 people, including more than 3,500 engineers in Latin America and Eastern Europe.12
As at 31 Mar 2026 the company listed no promoter.14 Encora's former owners, Encora Holdco Ltd. (UK) and AI Altius Parent (Cayman) Limited, may nominate 2 directors to its board while they together hold more than 15% of its shares.15
Coforge key points
Results
- In the quarter to Sep 2026, revenue was $652.2 million, up 40.1% from a year earlier; EBIT (profit before interest and tax) was $104.1 million, 16.0% of revenue, and profit after tax $62.2 million, up 42.7%. These include Encora from 1 May 2026.1617
- In the year to Mar 2026, consolidated revenue (the company with its subsidiaries) was $1.87 billion, up 29.2% in dollar terms.18
- In rupees, consolidated revenue rose 35.9% to ₹164,027 million from ₹120,733 million; EBITDA (profit before interest, tax, depreciation and amortisation) was ₹30,464 million, 18.6% of revenue, and net profit attributable to shareholders, including discontinued operations, ₹15,557 million.19
Business segments
- Consolidated revenue by reporting segment (region)20
Item year to Mar 2026 year to Mar 2025 Americas ₹93,344 million ₹66,190 million Europe, Middle East and Africa ₹47,425 million ₹40,680 million Rest of world ₹23,258 million ₹13,863 million - Share of revenue by region21
Item quarter to Sep 2026 quarter to Sep 2025 Americas 63.1% 57.9% Europe, Middle East and Africa 24.6% 28.9% Rest of world 12.3% 13.2%
Revenue mix
- Share of revenue by industry22
Item quarter to Sep 2026 quarter to Sep 2025 Banking and financial services 25.3% 27.6% Travel, transportation and hospitality 20.2% 23.3% Healthcare and hi-tech 17.6% 10.0% Insurance 12.8% 15.1% Government outside India 6.5% 6.9% Others 17.5% 17.0% - Share of revenue by service line23
Item quarter to Sep 2026 quarter to Sep 2025 AI-led engineering 48.9% 46.1% Data and integration 21.2% 21.2% Cloud 15.6% 17.1% Business process management 7.3% 7.7% Intelligent automation 6.9% 7.9%
Order book
- Orders won in the quarter to Sep 2026 came to $1.04 billion, against $514 million a year earlier; the executable order book (signed work expected to turn into revenue over the next 12 months) was $2.38 billion, up 45.4% from a year earlier.2425
- In the year to Mar 2026 it signed 21 deals it classes as large, and orders won totalled $2.26 billion.26
Customers and partners
- In the quarter to Sep 2026, the 5 largest clients gave 18.1% of revenue and the 10 largest 26.4%; repeat business (revenue from existing clients) was 95.5%.27
- Number of clients by client engagement size28
Item quarter to Sep 2026 More than $100 million 1 $50 million to $100 million 4 $20 million to $50 million 13 $10 million to $20 million 34 $5 million to $10 million 49 $1 million to $5 million 271
What the company expects
- In its presentation of 23 Oct 2026, the company said it had raised its consolidated EBIT margin target for the year to Mar 2027 from 15.5% to 16.0%.29
- On its earnings call of 28 Jul 2026, the company said it expected free cash flow (cash generated after capital spending) of at least 100% of profit after tax in the year to Mar 2027.30
- The company stated in its annual report for the year to Mar 2026 that, after buying Encora, its run rate (yearly revenue at current pace) for the year to Mar 2027 was about $2.5 billion, about $2 billion from AI-led engineering, cloud and data services.31
Recent events
- On 24 Jul 2026 it announced a five-year contract worth more than $230 million for AI-led transformation work with a client in Europe.32
- On 23 Jul 2026 it launched Coforge Nuuron, an AI operating system meant to help enterprises deploy AI agents at scale with governance and control.33
- On 23 Apr 2026, on completing the Encora purchase, it took a three-year loan of $550 million at a fixed 4.6% a year from international lenders to repay Encora's debt, instead of selling new shares to institutions.34
- On 25 Feb 2026 it announced a five-year contract worth $158 million with a UK client, with revenue spread evenly over the 5 years.35
Litigation and regulatory matters
- As of its annual report of 2 Aug 2026, Coforge and Coforge Inc. faced a proposed class action over a customer's security incident; the complaint alleges attackers misled help-desk staff it supplied into resetting passwords, and it disputes the complaint's account of its role.36
- Coforge recorded ₹445 million of legal costs for its litigation with a customer in the year to Mar 2026, shown as a one-off item, and says the class action has had no meaningful impact on revenue from that client.3738
Last updated
All 38 sources, each with its page
- 1. Annual report, 2 Aug 2026, page 61
- 2. Annual report, 2 Aug 2026, page 53
- 3. Annual report, 2 Aug 2026, page 7
- 4. Annual report, 2 Aug 2026, page 5
- 5. Investor presentation, 23 Oct 2026, page 7
- 6. Annual report, 2 Aug 2026, page 8
- 7. Annual report, 2 Aug 2026, page 4
- 8. Annual report, 2 Aug 2026, page 166
- 9. Annual report, 2 Aug 2026, page 148
- 10. Annual report, 2 Aug 2026, page 56
- 11. Annual report, 2 Aug 2026, page 173
- 12. Annual report, 2 Aug 2026, page 6
- 13. Annual report, 2 Aug 2026, page 173
- 14. Annual report, 2 Aug 2026, page 152
- 15. Annual report, 2 Aug 2026, page 14
- 16. Investor presentation, 23 Oct 2026, page 4
- 17. Annual report, 2 Aug 2026, page 173
- 18. Annual report, 2 Aug 2026, page 7
- 19. Annual report, 2 Aug 2026, page 14
- 20. Annual report, 2 Aug 2026, page 11
- 21. Investor presentation, 23 Oct 2026, page 12
- 22. Investor presentation, 23 Oct 2026, page 12
- 23. Investor presentation, 23 Oct 2026, page 12
- 24. Investor presentation, 23 Oct 2026, page 6
- 25. Investor presentation, 23 Oct 2026, page 12
- 26. Annual report, 2 Aug 2026, page 7
- 27. Investor presentation, 23 Oct 2026, page 6
- 28. Investor presentation, 23 Oct 2026, page 13
- 29. Investor presentation, 23 Oct 2026, page 4
- 30. Earnings call, 28 Jul 2026, page 10
- 31. Annual report, 2 Aug 2026, page 5
- 32. Exchange filing, 24 Jul 2026, page 2
- 33. Exchange filing, 23 Jul 2026, page 2
- 34. Annual report, 2 Aug 2026, page 14
- 35. Exchange filing, 25 Feb 2026, page 2
- 36. Annual report, 2 Aug 2026, page 168
- 37. Annual report, 2 Aug 2026, page 158
- 38. Annual report, 2 Aug 2026, page 128
Results
Consolidated; ₹ crore.Coforge quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +41.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +68.0%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6,171 Crup 11.63%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹605 Crup 13.77%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 9.8%
Revenue by quarter
Net profit by quarter, a loss in red
The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹12,051 Cr, differs from its quarters added, ₹12,191 Cr. From the quarter to Jun 2025, the company reports a discontinued business.
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,318 | 3,410 | 3,689 | 3,986 | 4,188 | 4,450 | 5,528 | 6,171 |
| Net profit | 256 | 307 | 356 | 425 | 297 | 666 | 532 | 605 |
| Net margin | 7.7% | 9.0% | – | 10.7% | 7.1% | 15.0% | 9.6% | 9.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹16,403 Crup 36.11%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,745 Crup 86.38%
- Net margin
- 10.6%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹12,051 Cr, differs from its quarters added, ₹12,191 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,802 | 2,991 | 3,676 | 4,184 | 4,663 | 6,432 | 8,015 | 9,179 | 12,051 | 16,403 |
| Net profit | 250 | 309 | 422 | 468 | 466 | 715 | 745 | 836 | 936 | 1,745 |
| Net margin | 8.9% | 10.3% | 11.5% | 11.2% | 10.0% | 11.1% | 9.3% | 9.1% | 7.8% | 10.6% |
Business segments
Share of revenue, year to Mar 2025, consolidated.Segment revenue and profit
- AmericaAmerica, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,609 Cr54.8%
- Europe,Middle East and AfricaEurope,Middle East and Africa, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,053 Cr33.6%
- Asia PacificAsia Pacific, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹859 Cr7.1%
- IndiaIndia, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹530 Cr4.4%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.Coforge PE ratio and valuation
At or below today's level on 64% of 2,093 trading days over the last 10 years.
At or below today's level on 9% of 1,767 trading days since Oct 2018.
At or below today's level on 9% of 2,407 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −30.2% | +90.8% | −64.0% | 1.1% |
| 3 years | +14.6% | +26.8% | −10.5% | 1.1% |
| 5 years | +15.0% | +25.5% | −9.3% | 1.2% |
Mutual fund holdings
334 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 116 of the 203 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 334 funds holding Coforge
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 8
- AddedAdded. Funds that held more shares than at the end of the month before.
- 88
- CutCut. Funds that held fewer shares than at the end of the month before.
- 115
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 115
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 26
| Fund | |||
|---|---|---|---|
| 1,56,20,600 | 2.68% | ₹2,732.2 Cr | |
| 1,24,88,926 | 5.43% | ₹2,184.4 Cr | |
| 90,00,000 | 1.83% | ₹1,574.2 Cr | |
| 48,47,750 | 3.77% | ₹847.9 Cr | |
| 45,39,422 | 4.07% | ₹794.0 Cr | |
| 33,51,600 | 0.78% | ₹586.2 Cr | |
| 33,50,000 | 4.36% | ₹585.9 Cr | |
| 29,21,071 | 1.52% | ₹510.9 Cr | |
| 28,03,175 | 3.92% | ₹490.3 Cr | |
| 26,03,500 | 2.06% | ₹455.4 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Coforge insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 6 pledge filings of unclear kind
Coforge competitors and peers
Computers - Software & Consulting, 99 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Coforge in market cap.IT companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,88,299 | 14.29 | 2.38 | +8.2% | −2.4% | 16.0% | 15.9% | 4.21% | |
| 1,73,449 | 31.43 | 5.85 | +13.6% | +23.7% | 19.3% | 26.7% | 2.88% | |
| 1,21,458 | 23.24 | 4.69 | +14.7% | +7.4% | 21.2% | 27.3% | 1.90% | |
| 97,510 | 54.07 | – | +27.1% | +8.3% | 22.9% | 27.2% | 0.68% | |
| 48,908 | 25.60 | 4.55 | +13.7% | +9.8% | 18.8% | 19.9% | 2.42% | |
| 32,900 | 23.43 | 4.90 | +13.5% | +0.6% | 22.4% | 25.9% | 3.34% | |
| 23,701 | 35.37 | 8.14 | +10.0% | −0.1% | 23.9% | 28.2% | 1.97% | |
| 14,905 | 27.90 | 4.04 | +9.2% | −30.9% | 15.4% | 20.9% | 1.38% |
Dividends
Per share, by the year it was paid for, and the latest payments.Coforge dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 3 Aug 2026 | Interim | ₹4.00 |
| 30 Jan 2026 | Interim | ₹4.00 |
| 31 Oct 2025 | Interim | ₹4.00 |
| 31 Jul 2025 | Interim | ₹4.00 |
| 9 May 2025 | Interim | ₹19.00 |
| 30 Jan 2025 | Interim | ₹19.00 |
Latest announcements
Routine notices left out.Coforge announcements
Oct 2026
29 Oct · Disclosure
23 Oct · Management
Coforge share price by year
Each calendar year to 2025.Coforge share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,663.00 | −13.9% | 1,977.90 | 1,263.33 |
| 2024 | 1,932.59 | +54.0% | 1,963.59 | 860.36 |
| 2023 | 1,254.88 | +61.5% | 1,288.22 | 719.61 |
| 2022 | 776.82 | −34.1% | 1,221.08 | 646.76 |
| 2021 | 1,178.07 | +117.7% | 1,178.07 | 478.56 |
| 2020 | 541.03 | +70.2% | 559.50 | 172.84 |
| 2019 | 317.97 | +38.3% | 321.84 | 224.54 |
| 2018 | 229.86 | +78.2% | 281.34 | 128.51 |
| 2017 | 129.01 | +51.9% | 135.39 | 81.72 |
| 2016 | 84.94 | −26.7% | 116.10 | 78.24 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,939.00 | 1,977.80 | 1,903.80 | 1,961.90 | 1,943.36 | 22,00,011 | 44.8% |
| 27 Oct 2026 | 1,979.00 | 2,008.80 | 1,953.00 | 1,997.00 | 1,974.59 | 37,97,861 | 56.1% |
| 26 Oct 2026 | 1,844.20 | 1,997.60 | 1,812.20 | 1,993.00 | 1,932.64 | 48,23,894 | 39.9% |
| 23 Oct 2026 | 1,925.00 | 1,992.40 | 1,890.00 | 1,900.50 | 1,928.12 | 35,41,636 | 43.9% |
| 22 Oct 2026 | 1,955.00 | 1,986.60 | 1,900.30 | 1,908.80 | 1,945.52 | 35,15,729 | 53.7% |
| 21 Oct 2026 | 1,937.60 | 1,969.00 | 1,931.10 | 1,951.00 | 1,953.54 | 20,42,275 | 47.1% |
| 19 Oct 2026 | 1,951.00 | 1,964.70 | 1,916.40 | 1,925.00 | 1,935.34 | 13,09,638 | 41.8% |
| 16 Oct 2026 | 1,942.00 | 1,951.90 | 1,900.60 | 1,951.90 | 1,930.67 | 20,71,569 | 42.5% |
| 15 Oct 2026 | 1,948.20 | 1,970.00 | 1,924.70 | 1,934.30 | 1,937.99 | 26,18,693 | 50.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jun 2025 | Split | 0.2000 | Each share became 5. |
| 23 Mar 2020 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 22 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 21 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 30 Aug 2007 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
Company details
- NSE symbol
- COFORGE
- BSE code
- 532541
- ISIN
- INE591G01025
- Industry
- IT - Software
- Former symbols
- NIITTECH
- Website
- www.coforge.com
- CIN
- L72100HR1992PLC128382
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1992
- Registered office
- Plot No. 13, Udyog Vihar, Phase-IV, Sector-18, Palam Road, Gurugram 122015, Haryana
- Share registrar
- Alankit Assignments Ltd
- Keeps the register of shareholders and handles transfers and dividend payments