Company research / Focus view

Coforge

COFORGE · IT & Software · mid cap · Midcap 50

Revenue · FY26

₹16,391 cr

+35.8% YoY

What the business sold

Net profit · FY26

₹1,556 cr

+91.6% YoY

What it kept after tax

Operating profit · FY26

₹2,330 cr

+79.1% YoY

Profit from operations

Operating cash flow · FY26

₹1,792 cr

+44.8% YoY

Cash the operations produced

Total debt · FY26

₹728 cr

-32.0% YoY

Borrowings against the business

Dividend per share · FY26

—

Paid out per share · not collected yet

Five years in perspective

Price index · Start = 100 · Dividends excluded · ₹1,846.5 today (+0.73%)

+80.5% · 5Y

2021 · 10020222023202420252026 · 189.6

1M +1.5%6M +66.5%1Y +4.3%3Y +67.4%5Y +80.5%

Market cap

₹81,796 Cr

As of 13 Sept 2026

Price to earnings

37.9

Price to book 6.5

Dividend yield

87.00%

Trailing twelve months

52-week range

₹1,008 – ₹2,021

Closing prices

The financial record

₹ crore · Consolidated where reported · Indian fiscal years (April–March)

Reported metric	FY23	FY24	FY25	FY26
Revenue	8,015	9,009	12,073	16,391
Operating profit	1,036	1,163	1,301	2,330
Net profit	694	808	812	1,556
Operating cash flow	951	903	1,237	1,792
Free cash flow	792	638	623	1,049
Capital expenditure	-158	-266	-614	-743
Tax expense	206	221	333	258
Total debt	562	726	1,070	728
Cash and equivalents	570	321	796	1,094
Shareholders equity	3,083	3,627	6,379	9,538
Earnings per share (₹)	22.31	25.92	24.41	45.90

Not collected yet for this company: Dividend per share. These come from the filings, not the daily price feed.

Recent quarters

₹ crore · Most recent first

Quarter ended	Revenue	Operating profit	Net profit	EPS (₹)
30 Jun 2026	5,528	882	519	12.28
31 Mar 2026	4,450	737	612	18.10
31 Dec 2025	4,188	559	250	7.38
30 Jun 2025	3,704	438	317	9.38
31 Mar 2025	3,422	418	261	7.73

Developments

0 positive · 3 negative

NeutralOrdersyesterday

Coforge Secures All Regulatory Approvals for $2.5B Encora Acquisition Deal

Coforgemid cap

scanx.trade13 Sept 2026, 11:09 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement2 days ago

After O.P. Bhatt, Coforge NRC chair D.K. Singh resigns amid board tensions

Coforgemid cap

The Hindu12 Sept 2026, 11:12 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral2 days ago

Coforge Share Price

Coforgemid cap

Upstox12 Sept 2026, 11:07 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

Coforge loses second director in a week amid corporate governance concerns

Coforgemid cap

The New Indian Express11 Sept 2026, 10:09 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement3 days ago

Coforge independent director DK Singh resigns amid board tensions, cites ‘differences’

Coforgemid cap

Moneycontrol.com11 Sept 2026, 8:44 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

MC Tech3 | Coforge: How KPMG uncovered OP Bhatt’s lapses; NPCI revenues zoom, profits dip; and more

Coforgemid cap

LinkedIn11 Sept 2026, 8:31 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

Inside Bhatt’s exit from Coforge: Why investors aren’t losing sleep

Coforgemid cap

Forbes India11 Sept 2026, 8:12 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement3 days ago

KPMG flagged misrepresentation after OP Bhatt omitted lowest rating in Coforge board evaluation

Coforgemid cap

Moneycontrol.com11 Sept 2026, 1:41 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

COFORGE LIMITED Option Chain - Live COFORGE LIMITED Option Chain Data, OI & Price

Coforgemid cap

Upstox11 Sept 2026, 12:30 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement3 days ago

Coforge says OP Bhatt did not share complete findings of Board evaluation report

Coforgemid cap

BusinessLine11 Sept 2026, 11:16 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

Stocks to watch, Sept 11: Premier Energies, ONGC, OIL, OMCs, HDFC Bank, Milky Mist, Coforge, Orient Tech

Oil & Natural Gas Corporationlarge cap CoforgeMentioned HDFC BankMentioned

Upstox11 Sept 2026, 8:10 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement3 days ago

KPMG audit revealed OP Bhatt suppressed key information as Coforge board chair

Coforgemid cap

The Economic Times11 Sept 2026, 5:30 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads negativeManagement3 days ago

Why did Coforge chairman O P Bhatt resign? What the audit and shareholder vote reveal

Coforgemid cap

indianexpress.com11 Sept 2026, 4:26 am IST

Classification & context · Commentary

The headline states a business fact and a direction that hurts it. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.70. This is not the probability that the report is true.

Neutral4 days ago

IT Stocks To Buy: Coforge, Persistent Systems, Tech Mahindra Among Top Picks As Banks Step Up AI Spending

Persistent Systemsmid cap CoforgeMentioned Tech MahindraMentioned

NDTV Profit10 Sept 2026, 1:27 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral4 days ago

Coforge, Persistent, Tech Mahindra: Choice shares top IT picks; check targets

Tech Mahindralarge cap CoforgeMentioned

Business Today10 Sept 2026, 10:10 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement4 days ago

Coforge shares: Why Chairman’s resignation concerns are overdone; fresh target prices

Coforgemid cap

Business Today10 Sept 2026, 8:56 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement4 days ago

Coforge’s OP Bhatt exit: Did board evaluation mask deeper boardroom differences?

Coforgemid cap

Moneycontrol.com10 Sept 2026, 8:25 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement4 days ago

Coforge top shareholder thumbs-down leads to chairman Bhatt's exit

Coforgemid cap

Livemint10 Sept 2026, 5:45 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads negativeManagement4 days ago

Coforge stock tumbles 6% as chairman Bhatt resigns

Coforgemid cap

The Times of India10 Sept 2026, 4:11 am IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that hurts it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.70. This is not the probability that the report is true.

Reads negativeManagement5 days ago

Coforge shares fall after chairman O P Bhatt resigns following audit review

Coforgemid cap

The New Indian Express9 Sept 2026, 9:32 pm IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that hurts it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.70. This is not the probability that the report is true.

About the business

Coforge Limited provides information technology (IT) and IT-enabled services in India, the Americas, Europe, the Middle East and Africa, India, and the Asia Pacific. The company offers Artificial intelligence services and platforms; and AI (artificial intelligence) and ML (machine learning) services, including predictive analytics, model risk management, and recommendation engine; intelligent automation solutions, such as enterprise and intelligent process automation, and smart application; data analytics solutions, such as data migration, cloud data engineering, master and meta data management, data quality management, data governance, self-service BI, descriptive and customer analytics, and workforce analytics; process consulting services. It also provides engineering services, such as digital and product engineering, legacy modernization, agile transformation, and enterprise integration; quality engineering services, including enterprise package assurance, data and intelligence, digital quality engineering, quality engineering lifecycle automation, and advisory; and in application development and maintenance, managed services, cloud computing, and business process outsourcing services. It serves banking and financial, travel, transportation, hospitality, insurance, healthcare, life science, retail, consumer goods, public sector, technology, telecom, media, automotive, and energy. The company was formerly known as NIIT Technologies Limited and changed its name to Coforge Limited in August 2020. Coforge Limited was incorporated in 1992 and is based in Gautam Buddha Nagar, India.

Industry: Information Technology Services

www.coforge.com

Data confidence

Prices, fundamentals and developments last verified 13 Sept 2026. Fundamentals are sourced from public filings feeds; interpretation is shown separately from figures.

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