NSE: COFORGE | BSE: 532541

Strong Performer, Getting Expensive

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1903.80 1.20 (0.06%)

59.45% Gain from 52W Low

499.6K NSE+BSE Volume

NSE 02 Dec, 2025 1:45 PM (IST)

63,757.6

Market Cap

High in industry

Beta 1Year

Very 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.

27 Jan 2022

1903.80

0.06%

Coforge (BUY): Robust quarter beat on margins

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Q3 revenue grew 4.2% QoQ USD, roughly in line with estimate. Growth was driven by the BFS vertical with a modest uptick in travel

Coforge Ltd. has an average target of 2036.67 from 8 brokers.

Coforge Ltd.

04 Jan 2022

1903.80

0.06%

Axis Annual Analysis:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 37 x P/E multiple to its FY24E earnings of Rs 184/share to arrive at a TP of Rs 6,870/share, implying an upside of 15% from CMP.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

26 Oct 2021

1903.80

0.06%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 31x P/E multiple to its FY24E earnings of Rs 177.7/share which gives a TP of Rs 5,570 /share. TP implies an upside of 10% from CMP.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

25 Oct 2021

1903.80

0.06%

Strong all round delivery, valuations steep

Neutral: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported an organic revenue growth of 3.9% QoQ CC in 2QFY22. Including the one-month incremental contribution from SLK Global, revenue growth stood in line at 6.6% QoQ (USD). Growth was driven by deal rampups in the Americas (+30% QoQ, including the impact from SLK Global). It reported an order intake of USD285m (-10% QoQ/+42% YoY), implying a book-to-bill ratio of 1.3x. This also included three large deals. EBITDA margin (pre-RSU) increased by 250bp QoQ to 18.6% (est: 18.2%), led...

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

Coforge Ltd.

25 Oct 2021

1903.80

0.06%

Q2FY22 Result Update - Emerging Stronger than ever - BUY

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

Adjusted EBITDA margin target maintained at 19% for FY22, +100bps YoY. but above consensus estimates (Cons: 5.8%). Miss in revenue was led by to flattish growth in insurance vertical because of delayed Advantage Go license realization which is expected to bounce back in Q3 aiding both...

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

25 Oct 2021

1903.80

0.06%

Coforge (BUY): Strong Q2 performance coupled with large deals

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Robust Q2 revenue growth of 6.6% QoQ USD led by BFSI; EBIT margin in line at 14.8% (+230bps QoQ)

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

Coforge Ltd.

29 Jul 2021

1903.80

0.06%

Coforge (BUY): Yet another positive surprise; maintain BUY

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Q1 strong with 16% QoQ USD revenue growth led by BFSI. EBIT margin in line at 12.6% (-107bps QoQ)

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

29 Jul 2021

1903.80

0.06%

Coforge Ltd.

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

...

Coforge Ltd. has an average target of 2036.67 from 8 brokers.

Coforge Ltd.

29 Jul 2021

1903.80

0.06%

Strong all-round delivery; valuation remains full

Neutral: Coforge Ltd.

Target

Motilal Oswal

Coforge Ltd (COFORGE) reported strong organic revenue growth of 7% QoQ CC in 1QFY22, above our estimates of 3% QoQ CC. Including the two months of revenue contribution from SLK, revenue growth stood at 16% QoQ (USD), far higher than our exp. of 10.3% QoQ. Growth was driven by deal ramp-ups in the Americas (+30% QoQ, including the SLK impact). It reported another quarter of strong order intake of USD318m (the highest ever), implying 1.6x book-to-bill. This also included three large deals, with one USD105m deal win. The EBITDA margin (pre-RSU) declined 110bps QoQ to 16.1%, weighed by...

Coforge Ltd. has an average target of 2036.67 from 8 brokers.

Coforge Ltd.

29 Jul 2021

1903.80

0.06%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

We recommend a BUY and assign 37x P/E multiple to its FY23E earnings of Rs 139.5/share which gives a TP of Rs 5,220 /share, implying an upside of 10% from CMP

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

Is NIIT Technologies Ltd. worth buying?

306 Votes:

Buy 72.88%

Sell 20.59%

Hold 6.54%

RESEARCH REPORTS

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