Coforge Ltd

Coforge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Coforge Ltd

₹ 5,654 2.45%
02 Jul - close price
coforge.com BSE: 532541 NSE: COFORGE
About

Coforge is an IT services company providing end-to-end software solutions and services. .
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilise projects for the software division. The company has business partnerships with large IT companies across the world.

Key Points

Acquisition of NIIT Tech
NIIT Technologies Ltd., now known as Coforge, was founded in April 2003. In 2019, NIIT and its founder's family sold their 30.2% stake to Hulst B.V., which subsequently acquired an additional ~40% through an open offer, reaching a 70% stake. Hulst sold off its entire stake by September 30, 2023.[1] [2]

Website BSE NSE
  • Market Cap ₹ 37,707 Cr.
  • Current Price ₹ 5,654
  • High / Low ₹ 6,847 / 4,287
  • Stock P/E 47.2
  • Book Value ₹ 587
  • Dividend Yield 1.34 %
  • ROCE 28.3 %
  • ROE 23.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 49.3%

Cons

  • Stock is trading at 9.64 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,262 1,462 1,569 1,658 1,743 1,829 1,959 2,056 2,170 2,221 2,276 2,323 2,358
1,052 1,250 1,295 1,355 1,430 1,541 1,622 1,696 1,874 1,915 1,935 1,928 1,973
Operating Profit 210 211 275 303 312 289 337 360 296 306 341 395 386
OPM % 17% 14% 18% 18% 18% 16% 17% 17% 14% 14% 15% 17% 16%
16 16 8 5 23 14 14 32 -50 16 9 15 22
Interest 3 12 16 18 18 18 21 22 20 22 32 35 37
Depreciation 45 52 60 57 58 63 61 62 72 76 77 81 85
Profit before tax 178 163 206 233 259 221 268 307 155 224 241 294 286
Tax % 23% 20% 22% 15% 13% 22% 18% 23% 25% 22% 22% 18% 20%
137 131 162 197 225 172 221 236 117 176 188 243 229
EPS in Rs 21.95 20.40 24.20 30.17 34.10 24.58 32.99 37.37 18.79 27.06 29.41 38.54 36.19
Raw PDF
Upcoming result date: 22 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,021 2,305 2,372 2,688 2,802 2,991 3,676 4,184 4,663 6,432 8,015 9,179
1,688 1,950 2,036 2,214 2,322 2,489 3,026 3,459 3,882 5,330 6,733 7,751
Operating Profit 333 355 337 474 480 502 650 725 781 1,102 1,282 1,428
OPM % 16% 15% 14% 18% 17% 17% 18% 17% 17% 17% 16% 16%
23 30 -64 20 4 38 46 59 13 52 8 61
Interest 5 4 6 8 6 9 9 16 14 65 81 126
Depreciation 57 62 92 121 128 127 125 173 184 227 258 319
Profit before tax 293 318 176 365 351 404 562 595 596 862 951 1,045
Tax % 26% 25% 31% 21% 22% 24% 25% 21% 22% 17% 22% 20%
218 238 122 287 272 309 422 468 466 715 745 836
EPS in Rs 35.40 37.98 18.69 44.13 40.76 45.59 65.28 71.05 75.19 108.65 113.58 130.70
Dividend Payout % 24% 24% 51% 23% 31% 33% 0% 44% 17% 48% 56% 44%
Compounded Sales Growth
10 Years: 15%
5 Years: 20%
3 Years: 25%
TTM: 15%
Compounded Profit Growth
10 Years: 13%
5 Years: 14%
3 Years: 19%
TTM: 9%
Stock Price CAGR
10 Years: 29%
5 Years: 34%
3 Years: 10%
1 Year: 20%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 25%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 60 61 61 61 61 62 62 62 61 61 61 62
Reserves 1,034 1,263 1,296 1,511 1,625 1,712 2,010 2,334 2,406 2,672 3,021 3,565
10 9 9 10 25 22 14 35 83 490 562 726
435 468 611 702 695 828 748 968 935 1,655 1,980 1,755
Total Liabilities 1,539 1,801 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,108
438 453 558 903 848 879 819 1,079 1,021 2,067 2,312 2,353
CWIP 28 129 120 17 0 1 1 0 0 17 5 23
Investments 82 55 55 75 316 365 365 14 12 0 0 0
991 1,164 1,243 1,291 1,244 1,379 1,649 2,307 2,451 2,794 3,309 3,732
Total Assets 1,539 1,801 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,108

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
235 145 258 360 472 382 453 297 762 766 950 903
-107 -78 -184 -223 -343 -248 -237 136 -86 -963 -269 -248
-91 -53 -66 -73 -67 -74 -106 -133 -696 -156 -558 -887
Net Cash Flow 37 14 7 64 62 60 109 300 -20 -353 123 -231

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82 89 93 80 61 71 58 75 84 79 73 72
Inventory Days 13 12
Days Payable 519 361
Cash Conversion Cycle -424 -260 93 80 61 71 58 75 84 79 73 72
Working Capital Days 57 70 48 64 38 30 37 38 36 37 15 35
ROCE % 28% 26% 19% 25% 23% 23% 30% 27% 25% 32% 31%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
50.18% 49.97% 40.09% 40.09% 40.06% 39.99% 30.16% 26.63% 0.00% 0.00% 0.00% 0.00%
20.67% 19.12% 22.40% 21.87% 21.02% 21.30% 25.40% 24.78% 34.37% 34.04% 35.00% 40.38%
18.64% 20.29% 25.68% 25.88% 26.45% 26.73% 32.20% 37.20% 54.28% 55.02% 54.29% 48.12%
10.50% 10.62% 11.83% 12.16% 12.47% 11.97% 12.23% 11.39% 11.35% 10.95% 10.69% 11.50%
No. of Shareholders 94,5611,04,2501,42,0491,50,3081,63,7791,53,3931,46,6851,33,6461,23,3301,17,8441,26,7391,66,219

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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