Coforge delivered a stellar quarter with 9.6%QoQ dollar growth and is targeting 14% EBIT for the fiscal year, backed by strong fundamentals including intense execution, deep industry specialization, and engineering excellence. Revenue reached USD 442.4mn (8% QoQ, 51.5% YoY CC), driven by verticals like TTH (up 32.3% QoQ), emerging segments (up 12.7% QoQ), and top 10 client growth (up 15.7% QoQ). The firm secured USD 507mn in new orders, pushing the 12-month executable order book to a record USD 1.55bn, up 46% YoY. AI-led platforms such as Quasar AI and Forge-X, with 20+ proprietary assets, are accelerating delivery...

Coforge Ltd. has an average target of 2131.67 from 8 brokers.

Coforge Ltd.

24 Jul 2025

1642.00

-0.50%

Consistent growth delivery

Buy: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported strong 1QFY26 revenue growth of 8.0% QoQ in CC terms, above our estimate of 7.0% QoQ CC. The company reported an order intake of USD507m( +61% YoY) in 1Q with five large deals, resulting in a
robust 12-month executable order book of USD1.55b. EBIT margin stood at 13.2%, below our estimate of 14%.

ICICI Direct decreased Buy price target of Coforge Ltd. to 1980.0 on 29 Dec, 2025.

Coforge Ltd.

24 Jun 2025

1642.00

-0.50%

Core Executable order book sets the floor for a solid FY26E

Buy: Coforge Ltd.

Motilal Oswal

We recently interacted with COFORGE’s CFO to understand the company’s growth outlook, execution strategy, and margin trajectory.

Coforge has lost -16.49% in the last 1 Month

Coforge Ltd.

06 May 2025, 12:00AM

1642.00

-0.50%

Coforge (SELL): Robust growth likely in FY26. But pricey at 37x

Sell: Coforge Ltd.

Target

BOB Capital Markets Ltd.

4QFY25 CC growth a tad below estimate but EBIT margin surprise +ve. FY25 organic rev. growth is likely in mid teen. FY26 hinted to be better.

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

06 May 2025, 12:00AM

1642.00

-0.50%

Coforge: Q4FY25 Result Review

Buy: Coforge Ltd.

Target

IDBI Capital

Number of FII/FPI investors decreased from 659 to 622 in Sep 2025 qtr

Coforge Ltd.

06 May 2025, 12:00AM

1642.00

-0.50%

FY25’s record-high deal TCV to usher in better organic growth in FY26 vs FY25

Hold: Coforge Ltd.

Target

ICICI Securities Limited

Coforge continued to report a strong top-line performance in Q4FY25. Management acknowledged the challenging demand environment but reiterated its goal to reach USD 2bn by FY27 on the back of record-high deal wins in FY25, strong deal pipeline and its ability to proactively shape large deals.

ICICI Direct decreased Buy price target of Coforge Ltd. to 1980.0 on 29 Dec, 2025.

Coforge Ltd.

05 May 2025, 12:00AM

1642.00

-0.50%

Deal TCV velocity anchors growth visibility

Buy: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported a strong 4QFY25 revenue growth of 3.4% QoQ in CC terms, above our estimate of 3.0% QoQ CC. Reported revenue (adjusted for disc. operations) stood at USD404m (up 3.3% QoQ/43.6% YoY).

Number of FII/FPI investors decreased from 659 to 622 in Sep 2025 qtr

Is NIIT Technologies Ltd. worth buying?

316 Votes:

Buy 72.78%

Sell 20.57%

Hold 6.65%

RESEARCH REPORTS

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