Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 18264.09 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1195.20 Crore, up 3.25 % from last quarter Total Income of Rs 1157.60 Crore and up 9.83 % from last year same quarter Total Income of Rs 1088.20 Crore. Company reported net profit after tax of Rs 123.50 Crore in latest quarter.
Investment Rationale
The stock is currently trading at 27x FY23E earnings. It values the company at 24x FY23E EPS. The brokerage maintains a Neutral stance.
Promoter/FII Holdings
Promoters held 64 per cent stake in the company as of Dec 30, 2020, while FIIs held 14.4 per cent, DIIs 12.2 per cent and public and others 9.4 per cent.
