Coforge Share Price Target From 2024 to 2030: The stock market is full of opportunities and Coforge Limited has become a popular choice among investors tracking the IT sector. With its consistent performance and innovative solutions, Coforge has attracted attention for its potential to deliver long-term growth.
If you want to understand the Coforge stock price target from 2024 to 2030, this detailed analysis will tell you about its prospects, financial performance, and the factors that can influence its share price in the coming years. Let’s find out if Coforge is a smart investment for your portfolio.
Coforge Company Overview
Coforge Limited, formerly known as NIIT Technologies, is a leading global IT services company headquartered in Noida, India. The company specializes in providing digital transformation services across industries such as banking, insurance, aviation, and others. With a strong focus on innovation, Coforge leverages cutting-edge technologies such as AI, cloud computing, and blockchain to deliver tailored solutions to its clients.
Founded in 1992, Coforge has steadily expanded its global presence with delivery centres in key regions such as North America, Europe, and Asia-Pacific. Its commitment to operational excellence and customer satisfaction has helped the company build a strong reputation in the IT sector.
Stay tuned as we analyze Coforge’s financial trends, business strategy, and potential price targets for the coming years.
| Company Name | Coforge Ltd. |
| Founded | 1992 |
| Headquarters | Noida |
| Industry | Information Technology (IT) |
| CEO | Sudhir Singh |
| Stock Exchange Listing | NSE & BSE |
| Official Website | coforge.com |
Coforge Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹55,485.86 Cr. |
| ROE | 34.22% |
| ROCE | 34.55% |
| P/E | 54.68 |
| P/B | 9.92 |
| Div. Yield | 0.93% |
| Book Value | ₹838.18 |
| Face Value | ₹10 |
| EPS (TTM) | ₹152 |
| 52 Week High | ₹8,237.95 |
| 52 Week Low | ₹4,291.05 |
TO LEARN MORE ABOUT THE SHARE MARKET & TRADING, AND TO IMPROVE YOUR INVESTING STRATEGIES
Coforge Financials
Income Statement
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Revenue | 91.79B | 14.53% |
| Operating expense | 24.63B | 21.45% |
| Net income | 8.08B | 16.46% |
| Net profit margin | 8.80% | 1.62% |
| Earnings per share | 132.25 | 11.96% |
| EBITDA | 12.92B | 8.48% |
| Effective tax rate | 20.03% | — |
Balance Sheet
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Cash and short-term investments | 3.35B | -42.08% |
| Total assets | 61.08B | 7.47% |
| Total liabilities | 23.81B | -5.28% |
| Total equity | 37.27B | — |
| Shares outstanding | 61.82M | — |
| Price to book | 14.00 | — |
| Return on assets | 11.91% | — |
| Return on Capital | 17.16% | — |
Cash Flow
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Net income | 8.08B | 16.46% |
| Cash from operations | 9.03B | -4.96% |
| Cash from investing | -2.48B | 8.76% |
| Cash from financing | -8.87B | -58.90% |
| Net change in cash | -2.49B | -301.95% |
| Free cash flow | 2.35B | -78.23% |
Also Read: HUDCO Share Price Target
Coforge Share Price Target From 2024 to 2030
| Year | Target Price |
|---|---|
| Coforge Share Price Target 2024 | ₹8227 |
| Coforge Share Price Target 2025 | ₹9682 |
| Coforge Share Price Target 2026 | ₹10,449 |
| Coforge Share Price Target 2027 | ₹11,754 |
| Coforge Share Price Target 2028 | ₹12,387 |
| Coforge Share Price Target 2029 | ₹13,682 |
| Coforge Share Price Target 2030 | ₹14,517 |
Coforge Shareholding Pattern
- Retail & Other: 9.75%
- Promoters: 0.00%
- Foreign Institution: 42.09%
- Mutual Funds: 35.52%
- Other Domestic Institutions: 12.64%
Also Read: Motilal Oswal Share Price Target
Coforge Competitors/Peer Companies
- Tata Technologies
- OFSS
- PolicyBazaar
- Tata Elxsi
- KPIT Tech
- Affle India
- Cyient
- Zensar Technologies
- Newgen Software Technologies
- Birlasoft
Also Read: Adani Wilmar Share Price Target
Conclusion
Coforge Limited has established itself as a leading IT services provider with a strong global presence and innovative solutions across various industries. Its consistent financial performance, focus on cutting-edge technologies, and strong market strategies make it an attractive option for long-term investors. Share price targets from 2024 to 2030 indicate a promising growth trajectory, supported by its solid fundamentals and expanding market footprint.
However, potential investors should consider market volatility, competitive pressures, and economic conditions before making any decisions. Diversifying your portfolio and conducting thorough research can reduce risks. Coforge’s strong fundamentals and strategic focus suggest that it could be a worthwhile addition to an investment portfolio, especially for those who want to learn about the growth potential of the IT sector.
With informed decision-making and regular monitoring of market trends, you can align your investment goals with Coforge’s promising journey. Always consult a financial advisor to customize investments to your personal risk tolerance and objectives.
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FAQs
-
Is Coforge a good stock to buy?
Yes, it is a good stock to buy.
-
Is Coforge overvalued?
Yes, it is overvalued.
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Is Coforge debt free?
No, it is not debt-free.
-
Is Coforge a big company?
Yes, it is a big company.
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Is Coforge good for long term?
Yes, it is good for long term.
Disclaimer: The information in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company.
