| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 6,171 | 3,986 | +54.8% |
| EBITDA | 1,223 | 733 | +67.0% |
| EBITDA margin | 19.8% | 18.4% | +1.4 pts |
| Profit before tax | 799 | 558 | +43.1% |
| Net profit | 605 | 425 | +42.2% |
| EPS | ₹13.29 | ₹11.21 | +18.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 65,920 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,828 | 1,094 | 941 | 321 | 570 | ||
| 175 | 143 | 1,950 | 100 | 87.4 | ||
| 400 | 400 | 701 | 437 | 338 | ||
| 64,667 | — | — | — | — | ||
| 20,337 | 16,403 | 12,051 | 9,179 | 8,015 | ||
| — | +36.1% | +31.3% | +14.5% | — | ||
| 3,888 | 2,936 | 1,694 | 1,428 | 1,281 | ||
| 19.1% | 17.9% | 14.1% | 15.6% | 16.0% | ||
| 3,011 | 2,254 | 1,266 | 1,109 | 1,022 | ||
| 2,100 | 1,745 | 936 | 836 | 745 | ||
| 10.3% | 10.6% | 7.8% | 9.1% | 9.3% | ||
| ₹66.75 | ₹46.60 | ₹24.17 | ₹24.05 | ₹20.65 | ||
| — | +92.8% | +0.5% | +16.5% | — | ||
| — | 1,792 | 1,237 | 903 | 951 | ||
| — | −743 | −614 | −266 | −158 | ||
| 1,049 | 1,049 | 623 | 638 | 792 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 65,919.8 | |
| - Cash, Equiv & ST Investments | 569.9 | 321.3 | 941.3 | 1,093.6 | 1,827.9 | |
| + Minority Interest | 87.4 | 100.3 | 1,949.8 | 143.0 | 175.1 | |
| + Total Debt | 338.2 | 436.6 | 700.5 | 399.7 | 399.7 | |
| Enterprise Value | — | — | — | — | 64,666.7 | |
| Revenue | 8,014.6 | 9,179.0 | 12,050.7 | 16,402.7 | 20,337.0 | |
| Growth %, YoY | — | +14.5 | +31.3 | +36.1 | — | |
| EBITDA | 1,280.7 | 1,427.7 | 1,693.7 | 2,936.1 | 3,887.9 | |
| Margin % | 15.98 | 15.55 | 14.05 | 17.90 | 19.12 | |
| EBIT | 1,022.2 | 1,109.1 | 1,266.1 | 2,254.2 | 3,011.0 | |
| Net Income | 745.1 | 835.6 | 936.1 | 1,744.7 | 2,099.5 | |
| Margin % | 9.30 | 9.10 | 7.77 | 10.64 | 10.32 | |
| EPS, Adj (current shares) | 20.65 | 24.05 | 24.17 | 46.60 | 66.75 | |
| Growth %, YoY | — | +16.5 | +0.5 | +92.8 | — | |
| Cash from Operations | 950.5 | 903.4 | 1,237.1 | 1,791.7 | — | |
| Capital Expenditures | -158.2 | -265.5 | -614.4 | -742.5 | — | |
| Free Cash Flow | 792.3 | 637.9 | 622.7 | 1,049.2 | 1,049.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Coforge (NSE: COFORGE) had a market capitalisation of ₹86,917 crore at the 29 October 2026 close (₹1,962.00 a share), a PE ratio of 38.8 on the last four quarters' profit and a price-to-book ratio of 3.89. In FY26 its consolidated net profit attributable to shareholders was ₹1,566 crore on revenue of ₹16,403 crore; in Q2 FY27 (July–September 2026) it was ₹902 crore, up 140.0% year on year. Its debt-to-equity ratio was 0.25 on 30 September 2026.
Coforge's PE ratio is 38.8 at the 29 October 2026 close (₹1,962.00 a share): a market capitalisation of ₹86,917 crore divided by consolidated net profit attributable to shareholders of ₹2,243 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹1,566 crore) it is 55.5.
Coforge's price-to-book (PB) ratio is 3.89 at the 29 October 2026 close: a market capitalisation of ₹86,917 crore divided by shareholders' equity (book value) of ₹22,362 crore on 30 September 2026. That is a book value of ₹504.78 per share against a share price of ₹1,962.00.
Coforge's net worth — shareholders' equity in its consolidated balance sheet — was ₹22,362 crore on 30 September 2026, up 224.3% from ₹6,895 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹86,917 crore at the 29 October 2026 close.
Coforge's market capitalisation was ₹86,917 crore at the 29 October 2026 close: 44.3 crore shares at ₹1,962.00 each.
No. Coforge had borrowings of ₹5,646 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.25. Its cash and current investments were ₹1,881 crore, so its net debt was ₹3,765 crore.
Coforge's debt-to-equity ratio was 0.25 on 30 September 2026: borrowings of ₹5,646 crore against total equity of ₹22,537 crore. A year earlier, on 30 September 2025, it was 0.07.
In FY26, Coforge's return on equity (ROE) was 19.7% and its return on capital employed (ROCE) was 21.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 16.2% and ROCE 17.7%.
On 30 September 2026, Coforge's shares were held by foreign portfolio investors (FII/FPI) 24.76%, domestic institutions (DII) 43.79% (including mutual funds at 32.13%) and retail and other non-institutional investors 31.46%. Over the year, FII holding was down 9.33 percentage points from 34.09% and DII holding was down 11.08 percentage points from 54.87%.
In FY26 (April 2025–March 2026), Coforge's consolidated net profit attributable to shareholders was ₹1,566 crore, up 92.8% from ₹812 crore in FY25, on revenue from operations of ₹16,403 crore (up 36.1%). Over three years, from FY23, net profit was up 125.7%.
Coforge's book value per share was ₹504.78 on 30 September 2026: shareholders' equity of ₹22,362 crore divided by the 44.3 crore shares in issue. The share price at the 29 October 2026 close was ₹1,962.00.
Coforge has no promoter group: on 30 September 2026 promoters held 0% of its shares, according to the shareholding pattern filed with NSE. Foreign portfolio investors held 24.76% and domestic institutions 43.79%.
In FY26, Coforge generated ₹1,792 crore of cash from operations and spent ₹743 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,049 crore. In FY25 it was ₹623 crore.
Coforge's basic earnings per share (EPS) were ₹46.44 in FY26.
In 2026, Coforge has declared two dividends totalling ₹8 a share: ₹4 (interim) with record date 31 January 2026 and ex-date 30 January 2026 and ₹4 (interim) with record date 3 August 2026.
Coforge has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
Coforge's latest results are for Q2 FY27 (July–September 2026), filed on 23 October 2026: consolidated net profit attributable to shareholders ₹902 crore, up 140.0% from ₹376 crore in Q2 FY26; revenue from operations ₹6,171 crore, up 54.8% year on year.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Coforge's PE ratio is 55.5, the highest of the four: Persistent Systems 49.7, MphasiS 26.2 and Oracle Financial Services Software 32.8, a peer average of 36.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Coforge earned net profit attributable to shareholders of ₹1,566 crore on revenue of ₹16,403 crore, against ₹1,865 crore on ₹14,748 crore for Persistent Systems. Coforge's operating margin was 13.7% (Persistent Systems 16.2%) and its return on equity 19.7% (Persistent Systems 26.4%). At the 29 October 2026 close, Coforge's market capitalisation was ₹86,917 crore against ₹92,757 crore for Persistent Systems, and its PE ratio on FY26 profit 55.5 against 49.7.
On FY26 consolidated figures, against Persistent Systems, MphasiS and Oracle Financial Services Software: Coforge's operating margin of 13.7% is the lowest of the four (Persistent Systems 16.2%, MphasiS 15.3%, Oracle Financial Services Software 44.5%; peer average 25.3%); its return on equity of 19.7% is the third highest of the four (Persistent Systems 26.4%, MphasiS 18.3%, Oracle Financial Services Software 32.6%; peer average 25.8%); its revenue growth over three years of 27.0% a year is the highest of the four (Persistent Systems 20.9% a year, MphasiS 4.8% a year, Oracle Financial Services Software 10.4% a year; peer average 12.0% a year).
From Coforge's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.