Overall Fundamental outlook

Business Operations:

Sector: Technology
Industry: Information Technology Services

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 digital process automation services, including workflow/process management, artificial intelligence (AI) and predictive analytics, RPA, and case management; digital services, such as interactive services, product engineering, enterprise, and intelligent automation; and cloud and infrastructure management services comprising cloud, workplace, cybersecurity, data center, and always on network, as well as service integration services. It also offers cybersecurity services, which include security incident management; vulnerability management; threat intelligence; identity and access management; phishing, analysis, and training; governance & risk management; and workplace security. In addition, the company provides AI and machine learning, business analytics and BI, data engineering and management, D&A Ops, and advisory services. Further, it offers engineering services consisting of product quality, advisory consulting, automation engineering, business assurance testing, enterprise and product testing, AI, and ML infused testing services. Additionally, the company provides business process solutions. Coforge Limited serves insurance, travel, tourism, hospitality, banking and financial services, retail, healthcare, and public sectors. It has strategic alliances with Kong Inc. for cloud API services; and Newgen Software Technologies Limited to enhance digital operations for organizations. 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 Gurugram, India.

Revenue projections:

Revenue projections for COFORGE
Revenue projections for COFORGE

With Coforge Limited's revenue expected to be lower than the previous year, investors may become cautious. Declining revenues often negatively impact the bottom line, reducing profitability and raising concerns among investors about the company's ability to maintain strong financial performance moving forward.

Financial Ratios:

currentRatio 1.71300
forwardPE 32.77293
debtToEquity 12.85100
earningsGrowth 0.07700
revenueGrowth 0.44600
grossMargins 0.39969
operatingMargins 0.11777
trailingEps 126.05000
forwardEps 208.66000

Coforge Limited's current ratio of 1.713 indicates strong liquidity, meaning the company can comfortably meet its short-term debt obligations. This financial position reflects Coforge Limited's ability to use its cash reserves and current assets to cover liabilities without facing any cash flow issues.
COFORGE's low Debt-to-Equity ratio indicates the company is not over-leveraged. By limiting its dependence on debt, COFORGE reduces its financial risk and demonstrates a strong capital structure, making it a more stable investment option for those wary of excessive borrowing.
COFORGE's forward EPS exceeding its trailing EPS means that the company is expected to increase profitability in the current financial year. This reflects improved earnings potential, signaling that COFORGE is likely to outperform its previous year's financial performance.

Price projections:

Price projections for COFORGE
Price projections for COFORGE

COFORGE's price has often been near the lower end of the projected range. This ongoing trend suggests that investor confidence might be waning, and the stock could face challenges in gaining upward momentum.

Insider Transactions:

Insider Transactions for COFORGE
Insider Transactions for COFORGE


20 Coforge Limited transactions were recorded, when the market price was 7420.967431640625.During the review period, no sell transactions were executed.The recent trend of more purchases than sales at COFORGE's current price could signal investor optimism. This pattern may point to a positive outlook for the stock, as it indicates growing confidence in its potential to perform well in the future.

Recommendation changes over time:

Recommendations trend for COFORGE
Recommendations trend for COFORGE


Analysts have shown a buy bias for COFORGE, signaling it as a strong investment choice. This positive outlook could motivate investors to allocate funds to COFORGE, seeing it as a reliable and potentially profitable option, especially in an environment where the stock market is highly scrutinized.