1285.30
0.38%
IDBI Capital
Coforge delivered a strong performance in FY26, growing 29.2% in dollar terms for the full year, with Q4FY26 EBIT margins stood at a record 16.6%, expanded by 430bps YoY mainly driven by AI-led automation of internal processes, SG&A leverage, and third-party cost reduction. The executable order book stands at USD 1.75bn (up 16.4% YoY), with additional framework agreements from the UK public sector not yet reflected in this number. Management guided for FY27 EBITDA margins of 20.521% (consolidated) and standalone EBIT of 16.517%, representing a structural reset not cyclical one. Free cash flow guidance upgraded sharply to ~100% of PAT from prior...
ICICI Direct decreased Buy price target of Coforge Ltd. to 1540.0 on 07 May, 2026.
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