If you are considering which IT sector stock will be the best investment in recent times, then you should know about Coforge Ltd Share Price Target. Today in this blog post I will discuss the basics of Coforge Ltd Share Price Target 2024, 2025, and up to 2030. We did deep research and took expert advice to write this blog post and to understand the basics of the company’s growth, performance, Future Plans, etc Of Coforge Ltd.
Coforge Ltd is a leading global IT solution company listed in both BSE and NSE. In this blog post, we will discuss Coforge Ltd’s financial growth, business policies, the shareholding pattern, and its forecast of share price yearly. We use a lot of website data to analyze and understand Coforge Ltd’s fundamentals and its future Share Price prediction for 2024 to 2030.
About Coforge Ltd.
Coforge Ltd is an IT publicly listed company that was incorporated in the year of 1992. The headquarters of the Coforge is located in New Dehli, India. The company provides IT solutions to Banks and Financial Institutions, government agencies, Airlines, and Hospitals.
Business areas of Coforge Ltd.
Coforge Ltd engaged in the Deployment of NLP and Machine Learning Solutions for Asset Managers to help optimize and automate customer portfolios using advanced analytics.
Graph AI and Machine Learning Solution for Airlines to reduce airplane gate turnaround times by leveraging graph AI and machine learning technologies.
Advanced analytic solutions for healthcare payers to enhance member engagement through personalized communication strategies to improve customer relations.
It also engaged in providing Integrated products for agricultural monitoring by utilizing remote sensing and geographic information systems for crop acreage monitoring and production estimation.
Fundamentals of Coforge Ltd.
| Market Capitalisation | ₹ 46,777 Cr. |
| P/E Ratio | 54.2 |
| P/B Ratio | 8.36 |
| Face Value | ₹ 10 |
| Dividend Yield | 1.08 % |
| Book Value (TTM) | ₹ 838.37 |
| Cash | ₹ 45.30 Cr. |
| Debt | ₹ 339.90 Cr. |
| EPS | ₹ 129.25 |
| Sales Growth | 14.62 % |
| ROE | 34.22 % |
| ROCE | 34.55 % |
| Profit Growth | 35.40 % |
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Fundamental Analysis of Coforge Ltd.
Before investing we need to understand Coforge Ltd’s major ratios like PE ratio, return on assets, current ratio, and return on equity, etc. Because it gives us financial health information of Coforge Ltd In this section, I will discuss the past financial performance of Coforge Ltd and its future Share Price forecast based on the ratios analyzed below.
PE Ratio
Coforge Ltd has a 54.2% PE ratio compared to its sector PE ratio of 22.97%, which suggests that the stock is overvalued compared to its sector PE.
Profit Growth
The profit growth of Coforge Ltd for the last 1 year was 35.4%, for the last 3 years 60.5%, and last 5 years 27.1%, indicating that the company showed massive profit growth overall over the 5 years.
Return on Assets
Coforge Ltd’s Return on assets is 22.11% in 2024 compared to the previous year’s 19.39% in 2023 which indicates that the company has become more efficient in using its assets to generate profit.
Return on Equity
Return on Equity indicates how effectively Coforge Ltd uses shareholders’ capital to produce earnings. So Coforge Ltd Has a 29.94% ROE in 2024 compared to the previous year 28.01% in 2023, which is good. Generally higher ROE is better.
Sales Growth
The sales growth of Coforge Ltd in was last 1 year was 14.62%, for the last 3 years 26.2%, and last 5 years 19.39%, indicating that the company has shown solid sales growth overall over the 5 years.
Debt to Equity Ratio
Coforge Ltd Has 0.10 which indicates that the company has a low proportion of debt in its balance sheet.
Dividend Yield
The current year’s EPS of Coforge Ltd Grew by 129%, which is good. Generally, higher EPS is better for its investors.
Share Holding Pattern of Coforge Ltd.
Promoters: 0%
Public: 11.27%
FII (Foreign Institutional Investors): 41.43%
DII (Domestic Institutional Investors): 47.3%
Promoters Holding
Promoter shareholding in the company is 0% which indicates that the company is not controlled or owned by any single group or individual founders, which suggests that the company operates as a fully professionalized company, where ownership is spread among institutions and public shareholders.
FII Holding
FII holds 41.43% of the company, which reflects the company’s attractiveness to international investors and it is a positive sign, as these investors bring in global perspectives and stability.
DII Holding
DII holds 47.3% of the company, which shows significant confidence from local entities like mutual funds, insurance companies, and pension funds.
Public Holding
Public holding in the company is around 11.27% which indicates that Coforge Ltd has limited public trust and participation. A low public holding may also indicate lower volatility in stock price.
Coforge Ltd Share Price Target from 2024 to 2030
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2024 | 6212 | 7871 |
| 2025 | 7815 | 9642 |
| 2026 | 9573 | 11966 |
| 2030 | 18993 | 21259 |
Coforge Ltd Share Price Target 2024
In this volatile market, Coforge Ltd moves aggressively in an uptrend making higher highs and higher lows so experts believe that the stock will continue its trend in upcoming months. So as per experts’ analysis, Coforge Ltd’s Share Price Target 2024 will be a minimum of 6212 and a maximum of 7871.
| Minimum Share Price Target | 6212 |
| Maximum Share Price Target | 7871 |
Coforge Ltd Share Price Target 2025
Coforge Ltd is improving its profit growth year by year, so profit growth over the last 1 year was 35.4% and over the last 3 years 60.5% and over the last 5 years, 27.1% indicating consistent and increasing profit growth over the past 5 year and we are expecting this will continue in future, so we are expecting Coforge Ltd Share Price Target 2025 will be a minimum of 7815 and a maximum of 9642.
| Minimum Share Price Target | 7815 |
| Maximum Share Price Target | 9642 |
Coforge Ltd Share Price Target 2026
The CAGR of Coforge Ltd is Used to measure at what rate an investment grows annually over a specific period of time of the investors so Coforge Ltd’s CAGR for the last year was 26.%, for the last 3 years was 9%, and for the last 5 years was 37.8% suggesting long-term value creation for investors, so as per our analysis Coforge Ltd Share price target for 2026 will be minimum of 9573 and maximum of 11966.
| Minimum Share Price Target | 9573 |
| Maximum Share Price Target | 11966 |
Coforge Ltd Coforge Ltd Share Price Target 2030
As per estimation India’s software service industry is expected to reach US $1 trillion by 2030, this will create new opportunities for the company, which will boost the company’s future performance we are expecting Coforge Ltd Share Price Target for 2030 will be a minimum of 18993 and a maximum of 21259.
| Minimum Share Price Target | 18993 |
| Maximum Share Price Target | 21259 |
Final Words
Coforge Ltd has strong sales growth, revenue growth, and a strong management team. The company has been operating in the market for more than 3 decades with experience in the IT solutions sector. So Investing in fundamental strong stock and experienced management stocks will gives you a decent return. Coforge is also following technical making higher highs on the monthly chart. This is not a buy or sales post, this is for information purposes only. We believe in fundamentally and technically strong stocks only and this stock has no red flag in its balance sheet. So before investing check once all the market situations and sector conditions and present market trends. If you have liked this post rate us and comment below.
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FAQ:
What Is Coforge Ltd Coforge Ltd Share Price Target 2024?
Coforge Ltd’s Share Price Target 2024 will be a minimum of 6212 and a maximum of 7871.
What Is Coforge Ltd Coforge Ltd Share Price Target 2025?
Coforge Ltd’s Share Price Target for 2025 will be a minimum of 7815 and a maximum of 9642.
What Is Coforge Ltd Coforge Ltd Share Price Target 2030?
Coforge Ltd’s Share Price Target for 2030 will be a minimum of 18993 and a maximum of 21259.
