NSE: COFORGE | BSE: 532541

Mid-range Performer

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1613.10 12.30 (0.77%)

35.10% Gain from 52W Low

1.5M NSE+BSE Volume

NSE 03 Oct, 2025 3:31 PM (IST)

53,973.7

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Analyst Outperform

CLSA starts coverage on Coforge with an 'Outperform' call, expects revenue CAGR of 15% over FY26-28 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 May 2021

1613.10

0.77%

First Light | Coforge, CEAT

Buy: Coforge Ltd.

BOB Capital Markets Ltd.

COFORGE: Bumper FY22 guidance; reiterate BUY. CEAT: Rising raw material costs to impact earnings; SELL

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

06 May 2021

1613.10

0.77%

Strong 4Q and guidance; valuation leaves little room for upside

Neutral: Coforge Ltd.

Target

Motilal Oswal

Coforge Ltd (COFORGE) reported industry-leading revenue growth of 7.1% QoQ (USD) in 4QFY21, above our estimates. This was driven by deal rampups in the EMEA region (+19% QoQ). The company reported yet another quarter of strong order intake of USD201m, implying 1.2x book-to-bill (consistent over the last four quarters). The EBITDA margin (pre-RSU and acquisition expense) remained stable at 18% despite selective wage hikes and one-time bonuses rendered to 85% of employees. Margins were aided by the highest ever utilization of 81% (+190bp QoQ) and an increase in offshoring (+100bp)....

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

06 May 2021

1613.10

0.77%

Coforge (BUY): Bumper FY22 guidance; reiterate BUY

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Coforge reported a strong Q4FY21 with 7.1% QoQ USD revenue growth led by the other' vertical, though EBIT margin underperformed at 13.6% (+63bps QoQ).

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

06 May 2021

1613.10

0.77%

Coforge Ltd.

Buy: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Inorganic growth, healthy deal pipeline to drive growth The company has reported ~6% YoY growth in FY21 dollar revenue growth despite travel segment impact and Covid challenges. We believe this was mainly due to its ability to win large deals and traction in healthcare, insurance and banking. Going forward, with the acquisition of SLK, we expect Coforge to further penetrate into the banking vertical and participate in large deals. The company is seeing an increase in deal size and is currently pursuing three greater than US$50 million deals (of which one is US$100...

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

13 Apr 2021

1613.10

0.77%

Coforge (BUY): SLK Global acquisition to derisk travel business

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Coforge has acquired 60% stake in SLK Global Solutions a BPM and digital solutions company for the financial services industry.

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

13 Apr 2021

1613.10

0.77%

Coforge Ltd.

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

SLK is a business process transformation enterprise, offering BPM and digital solutions for the financial services industry. It has deep domain expertise in the banking and insurance segments in North America, enjoying multiple long-standing and scalable relationships with marquee clients, including with Fifth Third Bank, which in addition to being the largest customer is also a significant minority shareholder. The acquired entity derives its revenues from North America with delivery centres and offices in India (Pune, Kolhapur, Bangalore), the US and the Philippines. The...

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

26 Mar 2021

1613.10

0.77%

Initiating Coverage:Coforge

Buy: Coforge Ltd.

Axis Direct

We initiate coverage on Coforge Ltd (Coforge) with a BUY rating and Target Price of Rs 3,200, implying an upside of 16% from the current levels.

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

02 Mar 2021, 12:00AM

1613.10

0.77%

Post Conference Notes - Sustained Demand Momentum!

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

11 Feb 2021

1613.10

0.77%

EARNINGS UPDATE- COFORGE LTD 3QFY21

Buy: Coforge Ltd.

Recommendation Target

Chola Wealth Direct

Background: NIIT Technologies rebranded to Coforge ltd is a leading global IT solutions organization. The Company focuses on three key verticals which are Banking and Financial Services (18% of revenues), Insurance (32% of revenues), and Travel/ Transportation (20% of revenues). The company has around 115 active clients across US (49% of revenues), EMEA (36% of revenue) and Row (15% of revenues). The Company in 3QFY21 added 11 new clients and won 2 large...

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

29 Jan 2021

1613.10

0.77%

Coforge Ltd.

Buy: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Traction in BFS, insurance, healthcare to drive growth Coforge has been consistently winning large deals, which has been a key growth driver for the company. During the quarter, the company has won two large deals of US$45 million in insurance and US$20 million in Healthcare (reported in other segments). In addition, 75% of these large deals are on the cloud and digital side. Coforge is witnessing healthy traction in cloud, data and artificial intelligence (AI). This has led to healthy growth in digital revenues. The company is driving this growth via partnerships with...

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Is NIIT Technologies Ltd. worth buying?

298 Votes:

Buy 72.48%

Sell 20.81%

Hold 6.71%

RESEARCH REPORTS

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