Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 20686.23 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1278.00 Crore, up 6.93 % from last quarter Total Income of Rs 1195.20 Crore and up 12.96 % from last year same quarter Total Income of Rs 1131.40 Crore. Company reported net profit after tax of Rs 137.40 Crore in latest quarter.
Investment Rationale
The stock currently trades at 26x FY23E earnings. The brokerage values the company at 25x FY23E EPS. It maintains neutral on fair valuations.
Promoter/FII Holdings
Promoters held 64 per cent stake in the company as of March 31, 2021, while FIIs held 14.6 per cent, DIIs 11.9 per cent and public and others 9.5 per cent.
