Coforge stock
COFORGE.NSNSECoforge Limited, TechnologyISIN INE591G01025
66Score 66 out of 100, Neutral
Price and trend
80 / 100
Price history
+11% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 31% above it.
Since August 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 66).
The price is 3.1% below its 52-week high. Largest decline in 20 years: 89% (October 2007 to March 2009).
Chart figures for advanced users
- SMA 50$20.30
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$16.55
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)66
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$11.41
- The lowest closing price of the last twelve months.
- Resistance$22.31
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Coforge Limited belongs to the Information Technology Services industry (India) and, with a market value of $9.58B, is number 28 of 103 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $1.74B (up 36.1% year on year) and earnings of $165.35M (up 91.6%).
- For fiscal 2027, analysts expect on average revenue of $2.63B (up 51%) and adjusted earnings per share of $0.63 (up 28.9%).
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- MEQIRI Score 66 out of 100 (Neutral): rank 317 of 854 in Technology, median 61.
- The P/E is 46.1 (Information Technology Services median 23.2, own median of recent years 29.1).
- Our model puts fair value at $5.95, with the price 264% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 28.6% a year since 2021, Information Technology Services median 9.9%.Growth 75
- Earnings per share growingUp 25.5% a year since 2021.Growth 75
- High return on capitalReturn on invested capital 23.2% in fiscal 2026, Information Technology Services median 14.1%.Profitability 61
Weaknesses
- Above fair valuePrice 264% above the fair value of $5.95.Valuation 20
- Margin fallingOperating margin 14.4%, average of the prior years 37.6% (to 2025).Profitability 61
- Richly valuedP/E 46.1, Information Technology Services median 23.2, own median 29.1.Valuation 20
Its standout strengths are technical analysis and momentum, while capital allocation and valuation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $4.25 and expensive above $9.91 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $0.99 (cash-flow model) and $10.90 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 14.3%. At 15.3% the fair value would be $5.87, at 13.3% it would be $6.04.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (23.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 41.2% on the twelve months before. Revenue has grown strongly since 2007, at around 17% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 19%, operating 14%, net 9%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 28 Jan 2027in 76 days
- Last reported
- 23 Oct 2026EPS reported $0.15 (expected $0.16)below expectations
Analyst estimates
Earnings estimates have barely changed since 26 Oct 2026.
- Earnings per share
- $0.63−0.3%
- Revenue
- $2.63B+0.2%
- Earnings per share
- $0.80+2.9%
- Revenue
- $3.06B+0.5%
MEQIRI has stored the estimates since 26 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +4.4%Coforge raised its FY2027 EBIT margin guidance to 16% from 15.5% previously, and plans a 17% margin in the fourth quarter.
“H1 consolidated EBIT is already at 16% and with levers I described, we are confident of reaching 17% in Q4 of FY 2027 and expect EBIT margins to be more than 17% going forward. Free cash flow, as I mentioned, guidance of 100% FCF-to-PAT for FY 2027.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 23 Oct 2026 (fiscal Q2 2027), read by AI.
What happened at Coforge
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 66
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Information Technology Services
The next larger and next smaller companies by market value
- GartnerIT $12.04B76
- Indra SistemasIDR.MC $11.3B74
- WiseWSE $10.93B71
- Persistent SystemsPERSISTENT.NS $10.57B78
- Otsuka4768.T $8.76B73
- EPAM SystemsEPAM $8.36B73
- GenpactG $7.31B77
- Ingram Micro HoldingINGM $6.62B55
ETFs that hold Coforge
Held by 7 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI EM Small Cap UCITS ETFEUNI | 0.47% | 0.74% | €279.38M |
| WisdomTree Emerging Markets ex-State Owned Enterprises UCITS ETF AccumUSDXSOE | 0.08% | 0.32% | €17.98M |
| iShares MSCI EM IMI Screened UCITS ETF USD (Acc)AYEM | 0.06% | 0.18% | €5.26B |
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| iShares Core MSCI EM IMI UCITS ETFIS3N | 0.06% | 0.18% | €37.98B |
| Amundi Prime All Country World UCITS ETF AccWEBN | 0.01% | 0.07% | €8.95B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 2 Nov 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.