NSE: COFORGE | BSE: 532541

Mid-range Performer

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1724.70 35.90 (2.13%)

High vol. this week

NSE 28 Jul, 2025 3:31 PM (IST)

57,695.4

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Dividend

Coforge Ltd. has an upcoming dividend of ₹4.00 per share due on 31 Jul 2025 See details

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.

07 Apr 2019

1724.70

2.13%

NIIT Technologies (BUY): Baring PE adds another IT asset to its portfolio

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...

Coforge Ltd. has gained 35.94% in the last 1 Year

Coforge Ltd.

25 Jan 2019

1724.70

2.13%

NIIT Technologies Ltd: Growth Momentum Continues

Buy: Coforge Ltd.

Karvy

Growth Momentum Continues: We expect the earnings to grow at 26% CAGR in FY18-20E owing to a healthy revenue growth aided by a decent order book outstanding coupled with cost rationalization strategies.

Coforge Ltd. is trading above its 200 day SMA of 1665.7

Coforge Ltd.

21 Jan 2019

1724.70

2.13%

NIIT Technologies

Buy: Coforge Ltd.

Target

ICICI Securities Limited

NIIT Technologies reported a strong set of Q3FY19 numbers. Constant currency revenue grew at 4.2% QoQ. US$ revenues grew 3.0% QoQ to $134.9 million, above our expectation of 2.0% and...

Coforge Ltd. has gained 35.94% in the last 1 Year

Coforge Ltd.

19 Jan 2019

1724.70

2.13%

Healthy momentum; uptrend in deal wins continue

Neutral: Coforge Ltd.

Target

Motilal Oswal

3QFY19 USD revenues grew 16% YoY to USD135m (in line), EBITDA grew 39% YoY to INR1,805m (estimate of 37% growth) and PAT grew 32% YoY to INR1,002m (estimate of 46% growth). Constant currency (CC) revenue growth was 4.2% QoQ (in line). EBITDA 19 January 2019 margin expanded 60bp QoQ to 18.3%, marginally above our estimate of 30bp. Growth was driven by Insurance (+10.8% QoQ) and Travel (+7.1% QoQ), and BFS was only relatively slower (+3.1% QoQ). Digital grew by 7% QoQ and 34% YoY, and now contributes 29% to total revenue. Order intake was at USD165m, taking the 12- month executable order book to USD375m. This was the sixth consecutive quarter of improvement in deal wins QoQ. In line with the recent trend, the US dominated deal wins during the quarter, with USD96m TCV. LTM book-to- bill inched up further to 1.

Coforge Ltd. has gained 35.94% in the last 1 Year

Coforge Ltd.

18 Jan 2019

1724.70

2.13%

NIIT Tech reported better-than-expected Q3 numbers, with revenue growing 4.2% in CC terms...

Accumulate: Coforge Ltd.

Recommendation Target

Emkay

NIIT Tech reported better-than-expected Q3 numbers, with revenue growing 4.2% in CC terms vs. our expectations for 2.7% growth. EBIDTA margins were up 56bps qoq to 18.6% ahead of our estimate and the company's aspirational benchmark of 18%. Management commentary continues to remain positive for CY19 on the growth front, with robust Q3 order wins of USD165mn, a healthy pipeline, leverage from leadership...

Coforge Ltd. has an average target of 2000.00 from 7 brokers.

Coforge Ltd.

19 Oct 2018

1724.70

2.13%

NIIT Technologies

Buy: Coforge Ltd.

Target

ICICI Securities Limited

NIIT Technologies reported robust set of Q2FY19 numbers. The growth in revenues was across verticals in CC terms. The company's revenue in constant currency grew by 7.6% QoQ (vs our estimate of...

Coforge Ltd. has gained 35.94% in the last 1 Year

Coforge Ltd.

19 Oct 2018

1724.70

2.13%

NIIT Tech

Buy: Coforge Ltd.

Recommendation Target

Kotak Securities

NIIT Tech reported revenue growth of 5.3% QoQ in dollar terms, ahead of our estimate of 4.3% QoQ. Similarly EBITDA margins at ~18% was also ahead of our estimates. Growth across verticals and benefits of continued large deals signed at the beginning of the year and during the quarter will power the revenue growth in FY19E. The improvement in margins was on account of growth across verticals and implementation of automation platform for delivery. PAT increased by 66.6% YoY to Rs.1.1bn. Management has guided for a strong FY19 and expects organic CC...

IDBI Capital released a Buy report for Coforge Ltd. with a price target of 1930.0 on 25 Jul, 2025.

Coforge Ltd.

17 Oct 2018

1724.70

2.13%

NIIT Tech

Buy: Coforge Ltd.

Target

Dolat Capital

Healthy revenue growth & margins to aid profitability; upgrade to Buy USD revenue (Ex Hedge Gain) grew 5.8% QoQ to USD 132mn (DCMe: USD 128mn) led by healthy organic growth and client addition. INR revenue improved 10% QoQ to ` 9.07bn (DCMe: ` 8.98bn) positively impacted by rupee depreciation. EBIT margin improved 243bps QoQ to 14.5% (DCMe: 13.1%) on account of operational efficiencies and positive impact of INR...

Coforge Ltd. is trading above its 200 day SMA of 1665.7

Coforge Ltd.

17 Oct 2018

1724.70

2.13%

Upbeat on broad-based traction

Neutral: Coforge Ltd.

Target

Motilal Oswal

2QFY19 CC revenue growth of 7.6 % QoQ exceeded our estimate of +5 %. Dollar revenue was up 14.1 % YoY to USD131m. EBITDA margin expanded 220bp QoQ to 18 % 100bp beat led by better SGA productivity (17 % v/s est. PAT growth of 30 % QoQ (to INR1.12b), too, exceeded our estimate of +12 %, mainly led by operating beat. 17 October 2018 In USD terms, while BFS was flattish QoQ, other verticals grew in the range of 6-10 % QoQ. Geographically, North America grew 3.7 % QoQ, while EMEA did much better with 12.4 % QoQ growth. Digital grew by 12 % QoQ (+38 % YoY), now forming 28 % of overall revenue. grew for the fifth straight quarter to USD160m, with LTM book-to-bill at 1.

Coforge Ltd. is trading above its 200 day SMA of 1665.7

Coforge Ltd.

20 Jul 2018

1724.70

2.13%

NIIT Technologies

Buy: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Reported profit was at | 85.8 crore, below our estimate of | 91.3 crore on the back of a lower-than-expected operating performance All three major verticals witness healthy growth Growth in Q1FY19 was driven by the broad based performance across all its three major verticals and growth in its digital portfolio. Reorganisation with additions in key positions in leadership team and focus on vertical driven organisation has borne fruit with healthy growth across verticals wherein BFS, insurance & travel grew 8.5%, 10% & 7.7% QoQ,...

Coforge Ltd. has an average target of 2000.00 from 7 brokers.

Is NIIT Technologies Ltd. worth buying?

289 Votes:

Buy 72.32%

Sell 20.76%

Hold 6.92%

RESEARCH REPORTS

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