Coforge Future Growth

Future criteria checks 4/6

Coforge is forecast to grow earnings and revenue by 18.6% and 12.2% per annum respectively. EPS is expected to grow by 17.6% per annum. Return on equity is forecast to be 27.4% in 3 years.

Key information

18.6%

Earnings growth rate

17.6%

EPS growth rate

IT earnings growth	9.9%
Revenue growth rate	12.2%
Future return on equity	27.4%
Analyst coverage	Good
Last updated	10 Jun 2024

Recent future growth updates

Earnings Update: Here's Why Analysts Just Lifted Their Coforge Limited (NSE:COFORGE) Price Target To ₹6,390

Jan 25

Recent updates

Earnings Update: Here's Why Analysts Just Lifted Their Coforge Limited (NSE:COFORGE) Price Target To ₹6,390

Jan 25

Shareholders Should Be Pleased With Coforge Limited's (NSE:COFORGE) Price

Jan 02

Capital Investment Trends At Coforge (NSE:COFORGE) Look Strong

Dec 01

Is Coforge (NSE:COFORGE) A Risky Investment?

Nov 16

Investors Shouldn't Overlook Coforge's (NSE:COFORGE) Impressive Returns On Capital

Aug 18

Coforge (NSE:COFORGE) Has A Rock Solid Balance Sheet

Jun 28

The Trend Of High Returns At Coforge (NSE:COFORGE) Has Us Very Interested

May 19

Coforge (NSE:COFORGE) Has Announced That It Will Be Increasing Its Dividend To ₹19.00

May 04

Coforge (NSE:COFORGE) Ticks All The Boxes When It Comes To Earnings Growth

Apr 29

Investors Should Be Encouraged By Coforge's (NSE:COFORGE) Returns On Capital

Feb 14

Coforge (NSE:COFORGE) Is Increasing Its Dividend To ₹19.00

Jan 24

Do Coforge's (NSE:COFORGE) Earnings Warrant Your Attention?

Jan 17

Coforge (NSE:COFORGE) Has A Rock Solid Balance Sheet

Dec 09

Coforge (NSE:COFORGE) Knows How To Allocate Capital Effectively

Nov 04

Is Coforge Limited (NSE:COFORGE) Worth ₹3.6k Based On Its Intrinsic Value?

Oct 09

What Is Coforge Limited's (NSE:COFORGE) Share Price Doing?

Sep 27

Do Coforge's (NSE:COFORGE) Earnings Warrant Your Attention?

Sep 16

Does Coforge (NSE:COFORGE) Have A Healthy Balance Sheet?

Sep 05

Earnings and Revenue Growth Forecasts

NSEI:COFORGE - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	135,376	14,880	13,654	17,284	12
3/31/2026	121,519	13,115	11,477	14,946	27
3/31/2025	105,107	10,238	8,282	11,853	29
3/31/2024	91,790	8,080	6,379	9,034	N/A
12/31/2023	89,905	6,991	N/A	N/A	N/A
9/30/2023	87,230	6,893	5,975	8,482	N/A
6/30/2023	84,062	7,094	N/A	N/A	N/A
3/31/2023	80,146	6,938	7,923	9,505	N/A
12/31/2022	75,875	7,867	N/A	N/A	N/A
9/30/2022	71,898	7,422	5,432	6,825	N/A
6/30/2022	67,998	6,878	N/A	N/A	N/A
3/31/2022	64,320	6,617	6,115	7,656	N/A
12/31/2021	59,506	5,870	5,602	6,994	N/A
9/30/2021	54,831	5,253	5,250	6,669	N/A
6/30/2021	50,674	4,993	N/A	N/A	N/A
3/31/2021	46,628	4,556	6,841	7,623	N/A
12/31/2020	45,106	4,362	N/A	N/A	N/A
9/30/2020	43,934	4,375	4,722	5,424	N/A
6/30/2020	42,782	4,363	N/A	N/A	N/A
3/31/2020	41,839	4,440	2,244	2,969	N/A
12/31/2019	40,468	4,359	N/A	N/A	N/A
9/30/2019	39,451	4,128	2,342	2,979	N/A
6/30/2019	38,140	4,051	N/A	N/A	N/A
3/31/2019	36,762	4,033	3,824	4,527	N/A
12/31/2018	34,928	3,839	N/A	N/A	N/A
9/30/2018	32,776	3,593	N/A	N/A	N/A
6/30/2018	31,074	3,147	N/A	N/A	N/A
3/31/2018	29,914	2,802	2,936	3,824	N/A
12/31/2017	29,473	2,942	N/A	N/A	N/A
9/30/2017	28,846	2,812	N/A	N/A	N/A
6/30/2017	28,403	2,728	N/A	N/A	N/A
3/31/2017	28,021	2,501	N/A	4,723	N/A
12/31/2016	27,421	2,290	N/A	N/A	N/A
9/30/2016	27,270	2,408	N/A	N/A	N/A
6/30/2016	27,041	2,542	N/A	N/A	N/A
3/31/2016	26,879	2,700	N/A	3,601	N/A
12/31/2015	26,090	1,835	N/A	N/A	N/A
9/30/2015	25,256	1,575	N/A	N/A	N/A
6/30/2015	24,360	1,294	N/A	N/A	N/A
3/31/2015	23,725	1,141	N/A	2,580	N/A
12/31/2014	23,497	1,933	N/A	N/A	N/A
9/30/2014	23,417	1,982	N/A	N/A	N/A
6/30/2014	23,407	2,205	N/A	N/A	N/A
3/31/2014	23,050	2,305	N/A	1,453	N/A
9/30/2013	21,809	2,282	N/A	N/A	N/A
6/30/2013	20,937	2,089	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: COFORGE's forecast earnings growth (18.6% per year) is above the savings rate (6.7%).

Earnings vs Market: COFORGE's earnings (18.6% per year) are forecast to grow faster than the Indian market (16% per year).

High Growth Earnings: COFORGE's earnings are forecast to grow, but not significantly.

Revenue vs Market: COFORGE's revenue (12.2% per year) is forecast to grow faster than the Indian market (9.6% per year).

High Growth Revenue: COFORGE's revenue (12.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: COFORGE's Return on Equity is forecast to be high in 3 years time (27.4%)

Coforge Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 11%

Price target decreased by 9.1% to ₹5,889

Earnings Update: Here's Why Analysts Just Lifted Their Coforge Limited (NSE:COFORGE) Price Target To ₹6,390

Coforge Limited Reiterates Earnings Guidance for the Fiscal Year 2024

Recent updates

Coforge Limited's (NSE:COFORGE) 26% Share Price Surge Not Quite Adding Up

Coforge Limited to Report Q1, 2025 Results on Jul 22, 2024

High number of new directors

Do Coforge's (NSE:COFORGE) Earnings Warrant Your Attention?

Consensus EPS estimates fall by 11%

Price target decreased by 9.1% to ₹5,889

Coforge (NSE:COFORGE) Will Pay A Dividend Of ₹19.00

Fourth quarter dividend of ₹19.00 announced

Coforge Limited (NSEI:COFORGE) made an offer to acquire a 26% stake in Cigniti Technologies Limited (BSE:534758) for INR 10.1 billion

Full year 2024 earnings: EPS misses analyst expectations

Coforge Limited Announces Board Changes

Getting In Cheap On Coforge Limited (NSE:COFORGE) Might Be Difficult

Coforge Limited Announces Change in Management

Coforge Limited has filed a Follow-on Equity Offering in the amount of INR 32 billion.

Coforge Limited has withdrawn its Follow-on Equity Offering in the amount of $100 million.

Coforge Limited has withdrawn its Follow-on Equity Offering in the amount of $100 million.

Coforge Limited to Report Q4, 2024 Results on May 02, 2024

Chief Investor Relation Officer & CFO recently sold ₹8.9m worth of stock

Chief Investor Relation Officer & CFO recently sold ₹27m worth of stock

Insider recently sold ₹20m worth of stock

Here's Why Coforge (NSE:COFORGE) Can Manage Its Debt Responsibly

CEO & Executive Director recently sold ₹1.3b worth of stock

Upcoming dividend of ₹19.00 per share at 1.2% yield

Earnings Update: Here's Why Analysts Just Lifted Their Coforge Limited (NSE:COFORGE) Price Target To ₹6,390

Third quarter 2024 earnings: EPS misses analyst expectations

Coforge Limited Declares Third Interim Dividend for the Financial Year 2023-24

Coforge Limited Announces Change of CFO

Shareholders Should Be Pleased With Coforge Limited's (NSE:COFORGE) Price

Head of Enterprise Application Services recently sold ₹50m worth of stock

Insider recently sold ₹29m worth of stock

Coforge Limited Introduces the Quasar Responsible AI Solution

Insider recently sold ₹2.7m worth of stock

Coforge Limited to Report Q3, 2024 Results on Jan 22, 2024

Capital Investment Trends At Coforge (NSE:COFORGE) Look Strong

Is Coforge (NSE:COFORGE) A Risky Investment?

Key Executive recently sold ₹51m worth of stock

Upcoming dividend of ₹19.00 per share at 1.5% yield

Second quarter 2024 earnings: EPS misses analyst expectations

Coforge Limited Reiterates Earnings Guidance for the Fiscal Year 2024

Key Executive recently sold ₹26m worth of stock

Head of Enterprise Application Services recently sold ₹56m worth of stock

CEO & Executive Director recently sold ₹981m worth of stock

Insider recently sold ₹32m worth of stock

Coforge Limited to Report Q2, 2024 Results on Oct 19, 2023

Baring PE Reportedly Looks to Sell Entire Stake in Coforge Via Block Deal

Investors Shouldn't Overlook Coforge's (NSE:COFORGE) Impressive Returns On Capital

Upcoming dividend of ₹19.00 per share at 1.6% yield

Coforge Limited Announces Executive Changes

Coforge Limited Declares Interim Dividend for the Financial Year 2023-24

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Coforge (NSE:COFORGE) Has A Rock Solid Balance Sheet

Full year 2023 earnings: EPS misses analyst expectations

Coforge Limited, Annual General Meeting, Jul 06, 2023

Coforge Limited to Report Q1, 2024 Results on Jul 20, 2023

Chief Financial Officer recently sold ₹10m worth of stock

The Trend Of High Returns At Coforge (NSE:COFORGE) Has Us Very Interested

Coforge (NSE:COFORGE) Has Announced That It Will Be Increasing Its Dividend To ₹19.00

Upcoming dividend of ₹19.00 per share at 1.8% yield

Coforge (NSE:COFORGE) Ticks All The Boxes When It Comes To Earnings Growth

Full year 2023 earnings: EPS misses analyst expectations

Executive VP & Chief Strategy Officer recently sold ₹13m worth of stock

Insider recently sold ₹3.4m worth of stock

Investors Should Be Encouraged By Coforge's (NSE:COFORGE) Returns On Capital

Chief Financial Officer recently sold ₹3.5m worth of stock

Upcoming dividend of ₹19.00 per share at 1.8% yield

Coforge (NSE:COFORGE) Is Increasing Its Dividend To ₹19.00

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Coforge Limited Declares Third Interim Dividend for the Financial Year 2022-23

Do Coforge's (NSE:COFORGE) Earnings Warrant Your Attention?

CEO & Executive Director recently sold ₹114m worth of stock

Executive VP & Chief Strategy Officer recently sold ₹20m worth of stock