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Coforge Limited COFORGE.NS

IN · National Stock Exchange of India · XNSE · stock · Technology · website

Coforge Limited statistics & valuation

Market cap₹802.2B
P / E51.6×
P / S4.9×
P / B8.4×
P / FCF76.5×
Net margin9.5%
FCF margin6.4%
Net cash₹3.7B
Enterprise value USD$8.4B
Earnings yield EBIT/EV3%
Return on capital21.1%
Graham number -74%₹471.70

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹471.70); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.70% 9.00% 6.70% 9.50% 2023202420252026
Gross margin (%)
36.60% 35.80% 32.50% 36.40% 2023202420252026
Operating margin (%)
12.90% 12.90% 10.70% 14.40% 2023202420252026
Return on equity (%)
22.50% 22.30% 12.70% 16.30% 2023202420252026
Shares outstanding
442.7M 442.7M 442.7M 442.7M 2023202420252026
Net debt (₹)
-₹77.0M ₹4.05B ₹2.75B -₹3.66B 2023202420252026
Share buybacks (₹)
₹0 2023202420252026
Return on assets (%)
12.20% 13.20% 6.50% 10.50% 2023202420252026
Free cash flow margin (%)
9.90% 7.10% 5.20% 6.40% 2023202420252026
Debt / equity (×)
0.18× 0.20× 0.17× 0.08× 2023202420252026
EPS (₹)
₹22.31 ₹25.92 ₹24.41 ₹45.90 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Coforge Limited trades at about 39.5× earnings — near its 10-year norm (10-year range 26.1×–59.9×, median 39.4×).

26.1× 59.9×

Shaded band = 10-year range (26.1×–59.9×); dot = today's 39.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin36.4%32.5%35.8%36.6%
Operating margin14.4%10.7%12.9%12.9%
Net margin9.5%6.7%9.0%8.7%
FCF margin6.4%5.2%7.1%9.9%
Return on assets10.5%6.5%13.2%12.2%
Return on equity16.3%12.7%22.3%22.5%
Debt / equity0.01×0.00×0.09×0.11×
Current ratio1.611.711.701.50

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.