NSE: COFORGE | BSE: 532541

Expensive Performer

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1832.00 38.00 (2.12%)

72.83% Gain from 52W Low

1.8M NSE+BSE Volume

NSE 20 Jun, 2025 3:31 PM (IST)

61,266.8

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Coforge Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for COFORGE, BSE:532541 Coforge Ltd.

Coforge Ltd.

15 May 2019

1832.00

2.12%

NIIT Technologies Ltd: Strong Growth to Continue

Buy: Coforge Ltd.

Target

Karvy

We believe NIIT Tech's strong growth momentum to continue in the future given its strong deal momentum and order book. As of Q4FY19, its order book stands at $390 Mn, executable over the period of next 12 months with $170 Mn as fresh order intake during Q4FY19.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

08 May 2019

1832.00

2.12%

EARNINGS UPDATE- NIIT TECHNOLOGIES 4QFY19

Buy: Coforge Ltd.

Target

Chola Wealth Direct

Sector: IT /Mid-Cap | Earnings Update 4QFY19 Background: NIIT Technologies', a leading global IT solutions organization, revenue share by service mix in 4QFY19: Application Development & Maintenance (70%), System integration & Package implementation (4%), Managed service (17%), IP assets (5%) & BPO (4%). Revenue share amongst vertical: BFSI (44%), Transportation (27%), Manufacturing, Others (29%). Revenue share by geography mix: America (49%), EMEA (33%), and ROW (18%). Company has total headcount of 10,263; Active clients: 90. Utilization was at 79.3%. Revenues share from top 5 clients: (29%), top 10: (41%). DSO came in at 62. Revenue Mix offshore (34%) and On-site (66%).Client...

Number of FII/FPI investors increased from 600 to 659 in Mar 2025 qtr.

Coforge Ltd.

07 May 2019

1832.00

2.12%

NIIT Tech

Hold: Coforge Ltd.

Arihant Capital

NIIT Technologies came out with good set of numbers, ahead of our estimates. PAT for the quarter grew 22.5% YoY to Rs 1055 mn against our estimate of Rs 960 mn, revenue stood at Rs 9722 mn (+23.3% YoY) slightly below our estimate of Rs 1025 mn, while EBITDA came at Rs 1715 mn (+18.3% YoY) ahead of our estimate of Rs 1620 mn. We are positive on the...

Coforge Ltd. has gained 21.32% in the last 3 Months

Coforge Ltd.

06 May 2019

1832.00

2.12%

NIIT Technologies

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Healthy order intake, positive vertical outlook to drive growth Revenue growth was strong at 14% YoY (dollar terms) mainly led by growth in the insurance, transportation & digital segment. The company divested GIS business, which accounted for ~4% of revenues and ~23.8% of EBITDA margin. This may impact Q1FY20E revenues, EBITDA margins and, henceforth, same numbers for FY20E. However, the acquisition of Whishworks (has revenues and margins comparable to GIS) will enable the company to recoup the loss of revenues and margins of GIS. On a yearly...

Coforge Ltd. has gained 21.32% in the last 3 Months

Coforge Ltd.

06 May 2019

1832.00

2.12%

NIIT Tech delivered an in-line top quartile industry growth of 17.6% yoy in CC terms and...

Hold: Coforge Ltd.

Target

Emkay

NIIT Tech delivered an in-line top quartile industry growth of 17.6% yoy in CC terms and OPM improved by 80bps yoy to 17.6% in FY19. For Q4FY19, growth was slower than expectations due to deferment of a license deal and lower collections in the GIS business. Deal wins continued to remain strong with fresh bookings of USD646mn in FY19 (up 27% yoy), while orders executable over the next 12 months have also posted strong growth,...

Number of FII/FPI investors increased from 600 to 659 in Mar 2025 qtr.

Coforge Ltd.

06 May 2019

1832.00

2.12%

NIIT Tech

Buy: Coforge Ltd.

Target

Dolat Capital

NITEC reported muted Q4FY19 results, which were lower than our earnings estimate by 9.4%, due to a decline in the GIS business. This occurred despite Q4 being seasonally strong quarter for GIS. The company signed two large deals in the quarter and is confident of the deal momentum in the future. We believe with a healthy deal inflow and digital capabilities, NITEC will sustain revenue growth QoQ and is likely to report USD revenue growth of 14%/11% in FY20E/FY21E, respectively. Despite divestment of the GIS business, which was initiated in Q4FY19, NITEC maintained the...

Coforge Ltd. has gained 69.78% in the last 1 Year

Coforge Ltd.

05 May 2019

1832.00

2.12%

NIIT Technologies (BUY): Healthy order intake and top client traction

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Healthy order intake and top client traction NIIT Tech's (NITEC) headline numbers for the Mar'19 quarter were below estimates, with 2.3% QoQ dollar revenue growth and EBITDA margins down 100bps QoQ to 17.6%. But large deal wins, fresh order intake, executable order book and top client traction were healthy. Management aims to achieve sustained, robust growth along with EBITDA margins of ~18% in FY20. We remain positive on NITEC and reiterate BUY. Post Q4, we marginally trim FY20E/FY21E EPS...

Coforge Ltd. has gained 69.78% in the last 1 Year

Coforge Ltd.

05 May 2019

1832.00

2.12%

Broad-based growth, intact deal momentum lays foundation

Neutral: Coforge Ltd.

Motilal Oswal

17.6% YoY in CC, a significant improvement over FY18s 9.7%. EBITDA grew 28.7% YoY with OPM up 80bp to 17.6%; PAT rose 44% YoY to INR4,044m. 5 May 2019 4QFY19 CC revenue grew 1.3% QoQ (17.3% YoY), below our estimate of 3% QoQ, led by deferral in a contract in the Insurance segment. EBITDA margin excluding one-offs was 18.1% (-10bp QoQ), in line with our est. PAT was INR1143m, +14% QoQ and 33% YoY, a 4% beat to our est. due to lower tax rate (21.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

08 Apr 2019

1832.00

2.12%

First Light: NIIT Technologies, Automobiles (Q4FY19 Preview)

Buy: Coforge Ltd.

BOB Capital Markets Ltd.

Baring PE to acquire controlling stake in NIIT Tech through acquisition of ~30% stake from promotors and ~26% from open offer. In our view, the transaction will pave path for NIIT Tech and Hexaware consolidation. Possibility of relatively smoother transition and thus lower risk of near-term operational slippages sets this apart from L&T; and Mindtree deal. We expect NIIT Tech price to hover around the open offer price in near term while integration...