Coforge has been making waves in the stock market recently. With its strong Q3FY23 earnings that beat Wall Street expectations, the Coforge share price has risen 7%, making it a hot topic for investors.
In this article, we will take a closer look at Coforge’s financial performance, its growth prospects, and the potential for returns in the coming years.
We will answer the question on many investors’ minds: Is Coforge a good auto stock to buy? And, we will set our Coforge share price target for 2023 to 2030.
By the end of this article, you will have a comprehensive understanding of this company and its potential for investment returns.
About Coforge
Coforge Limited is an international IT services provider that provides cost-efficient digital solutions to businesses. Established in 2000, the company has established itself as a trusted provider of technology services with a focus on helping customers reach their desired business objectives. It has offices in the United States, United Kingdom, India, Singapore, Malaysia, and Australia.
Coforge specializes in providing services including consulting, application development, application maintenance and support, product engineering, cloud, analytics, artificial intelligence, mobility, and digital marketing. Coforge is renowned for its robust customer relationships and its ability to develop solutions that meet the needs of its customers. It is also committed to providing first-rate customer service.
Stock Price History of Coforge
Coforge has a long growth history, starting with its initial public offering in 1998. Since then, the company has seen impressive growth in its market capitalization. The company’s share price has also been relatively steady over the years, with a peak in December 2021 of over Rs. 5,890.35 per share.
In addition, Coforge has also recently made a number of strategic acquisitions, including that of US-based digital transformation firm CloudMunch. These acquisitions have helped further to strengthen the company’s position in the market and increase its capabilities.
Overall, Coforge is a well-established and growing company with a strong history of growth and profitability. Its share price has been relatively stable over the past few years and the company looks set to continue its growth trajectory in the coming years.
Currently, the stocks of Coforge are trading at Rs. 4,333.70.
Latest news about Coforge Ltd
- Coforge rises 7% after Q3FY23 earnings beat Wall Street expectations.
- Coforge has joined forces with Transcend to aid insurers in automating their disbursements and collections processes
How to buy Coforge shares? [ Online / Offline ]
To buy Coforge shares, you will need to open a demat and trading account with a broker of your choice. Once you have done this, you will need to fund your account and place an order to buy the required number of Coforge shares. The order will be executed and the shares will be added to your demat account.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Coforge: 2023 to 2030
Share Price Target 2023 of Coforge is ₹6,046.84
| When | Maximum Price | Minimum Price |
| February 2023 | ₹4,507.02 | ₹3,466.94 |
| March 2023 | ₹3,380.27 | ₹2,600.21 |
| April 2023 | ₹3,718.29 | ₹2,860.23 |
| May 2023 | ₹3,098.58 | ₹2,383.52 |
| June 2023 | ₹3,718.29 | ₹2,860.23 |
| July 2023 | ₹4,461.95 | ₹3,432.27 |
| August 2023 | ₹4,908.15 | ₹3,775.50 |
| September 2023 | ₹5,153.56 | ₹3,964.27 |
| October 2023 | ₹4,908.15 | ₹3,775.50 |
| November 2023 | ₹5,398.96 | ₹4,153.05 |
| December 2023 | ₹6,046.84 | ₹4,651.41 |
The table shows Coforge’s predicted share price for the year 2023. The data suggests a bullish trend in the stock with a growth percentage ranging from 25% to 67% during the year.
The maximum price for the year is expected to be ₹6,046.84 in December 2023, while the minimum price is expected to be ₹2,383.52 in May 2023.
Despite some fluctuations, the stock is expected to have an uptrend for most of the year, with prices increasing from ₹3,466.94 in February 2023 to ₹6,046.84 in December 2023.
Investors can expect a considerable return on their investments in Coforge if these predictions hold true.
Share Price Target 2024 of Coforge is ₹8,465.84
| When | Maximum Price | Minimum Price |
| January 2024 | ₹6,365.09 | ₹4,896.23 |
| February 2024 | ₹7,151.79 | ₹5,959.82 |
| March 2024 | ₹7,528.20 | ₹6,120.49 |
| April 2024 | ₹6,843.82 | ₹5,264.48 |
| May 2024 | ₹5,703.18 | ₹4,387.06 |
| June 2024 | ₹6,843.82 | ₹5,264.48 |
| July 2024 | ₹5,817.25 | ₹4,509.49 |
| August 2024 | ₹6,398.97 | ₹5,078.55 |
| September 2024 | ₹6,718.92 | ₹5,168.40 |
| October 2024 | ₹7,904.61 | ₹6,080.47 |
| November 2024 | ₹8,299.84 | ₹6,384.49 |
| December 2024 | ₹8,465.84 | ₹6,512.18 |
The price prediction table for Coforge Limited for 2024 shows a potential growth in the company’s stock prices. In January 2024, the maximum price is ₹6,365.09 with a minimum price of ₹4,896.23.
As the year progresses, the maximum price continues to increase reaching its highest point in November 2024 at ₹8,299.84 with a minimum price of ₹6,384.49. The growth percentage from January to November is approximately 31%. The overall trend in the prediction table is bullish, indicating a positive outlook for the company’s stock prices in 2024.
Share Price Target 2025 of Coforge is ₹10,269.19
| When | Maximum Price | Minimum Price |
| January 2025 | ₹8,635.15 | ₹6,642.43 |
| February 2025 | ₹9,089.64 | ₹6,992.03 |
| March 2025 | ₹9,544.12 | ₹7,341.63 |
| April 2025 | ₹8,521.53 | ₹6,555.03 |
| May 2025 | ₹7,746.85 | ₹5,959.11 |
| June 2025 | ₹8,521.53 | ₹6,555.03 |
| July 2025 | ₹8,115.75 | ₹6,242.88 |
| August 2025 | ₹8,453.90 | ₹6,503.00 |
| September 2025 | ₹8,876.60 | ₹6,828.15 |
| October 2025 | ₹9,409.19 | ₹7,237.84 |
| November 2025 | ₹10,067.84 | ₹7,744.49 |
| December 2025 | ₹10,269.19 | ₹7,899.38 |
The future of Coforge Limited looks optimistic, according to the 2025 price prediction table. In November 2025, the highest projected share price is ₹10,067.84 while the lowest is ₹6,242.88 in July. This represents a potential growth rate of 49% between the minimum and maximum. The prediction table displays a steady upward trend in stock prices, indicating a bullish outlook. These projections suggest a positive future for Coforge Limited in the year 2025.
Coforge Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹7,188.44 | ₹5,031.90 |
| 2027 | ₹6,110.17 | ₹4,277.12 |
| 2028 | ₹10,998.31 | ₹7,698.81 |
| 2029 | ₹22,592.23 | ₹15,814.56 |
| 2030 | ₹25,159.52 | ₹17,611.67 |
The data indicates a steady increase in the stock’s value, with the maximum price expected to reach ₹25,159.52 in 2030 and the minimum price expected to be ₹5,031.90 in 2026.
The growth percentage is expected to range from 37% to 230% during this period, with the largest increase expected in 2029 and 2030. The predictions suggest a bullish trend in the stock, with a continuous upward trend in the share price.
However, it’s important to note that these are only predictions and actual market performance may differ. Nevertheless, if these predictions hold true, investors can expect a significant return on their investments in Coforge over the next few years.
Financial Condition of Coforge: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 2,991.40 | 3,676.20 | 4,183.90 | 4,662.80 | 6,432.00 |
| Expenses | 2,489.40 | 3,025.80 | 3,459.30 | 3,881.70 | 5,330.10 |
| Operating Profit | 502.00 | 650.40 | 724.60 | 781.10 | 1,101.90 |
| Other Income | 38.40 | 46.00 | 59.30 | 13.00 | 51.80 |
| Depreciation | 127.40 | 124.80 | 173.00 | 183.60 | 227.20 |
| Interest | 9.40 | 9.20 | 15.50 | 14.30 | 65.00 |
| Profit before tax | 403.60 | 562.40 | 595.40 | 596.20 | 861.50 |
| Tax | 94.90 | 140.30 | 127.80 | 130.20 | 146.80 |
| Net profit | 280.20 | 403.30 | 444.00 | 455.60 | 661.70 |
| EPS | 45.56 | 65.26 | 71.04 | 75.18 | 108.65 |
| Price to earning | 18.99 | 20.32 | 16.16 | 38.93 | 41.02 |
| Price | 865.00 | 1,325.85 | 1,147.75 | 2,926.95 | 4,457.50 |
| RATIOS: | |||||
| Dividend Payout | 32.92% | 0.00% | 43.64% | 17.29% | 47.86% |
| OPM | 16.78% | 17.69% | 17.32% | 16.75% | 17.13% |
The financial statement of Coforge for the past five years provides insights into the company’s growth and performance.
The data shows a steady increase in sales, with the maximum revenue of ₹6,432.00 recorded in the year March 2022 and the minimum of ₹2,991.40 in March 2018.
The revenue growth has been over 100% in the past five years. The expenses have also increased during this period, but at a slower rate compared to the revenue, leading to a growth in the operating profit.
The operating profit has increased by a significant 118% from March 2018 to March 2022, with the maximum operating profit recorded in March 2022 at ₹1,101.90.
The net profit after tax (PAT) has also shown substantial growth, with the maximum PAT recorded in March 2022 at ₹661.70 and the minimum in March 2018 at ₹280.20.
The profit growth has been over 135% in the past five years.
The earnings per share (EPS) has also shown a positive trend, with the maximum EPS recorded in March 2022 at ₹108.65.
Overall, the financial statement suggests that the company has experienced positive growth in terms of revenue, profit, and earnings. Despite an increase in expenses, the company has managed to maintain a healthy profit margin, reflecting its financial stability.
These indicators paint a positive picture for the future growth of the company.
FAQS
Will the share price target of Coforge increase in 2023?
It is anticipated that Coforge per share price will increase to ₹6,046.84 by the end of 2023. Because the company continuously invests in its Research and development of new technology that gives it an edge to capture the market
What is the share price target of Coforge for 2025?
The share price target of Coforge for 2025 might be around ₹10,269.19. Because the company’s financial condition is good and their development curve is also continuously increasing.
What is the share price target of Coforge for 2030?
The share price of Coforge might reach around ₹25,159.52 by the end of 2030.
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Conclusion
The Coforge share price outlook for 2023 to 2030 remains positive. The company has a solid track record of delivering innovative solutions to customers, and its focus on digital transformation is expected to drive continued growth.
Taking into account the financial data, it seems that Coforge Limited experienced substantial growth in 2022 with regard to its revenue, operating expenses, net income, and earnings per share. The revenue rose by 37.94% and the net income increased by 45.24%, indicating a robust financial performance. The net profit margin was 10.29%, reflecting a rise of 5.32% compared to the previous year.Furthermore, the EPS was up by 40.99% from the previous year, signifying a favorable impact on the company’s earnings. The EBITDA was also robust, standing at 10.41B, demonstrating the company’s capacity to generate positive cash flow.
Coforge is expected to benefit from its strong customer base and its strategic alliances with global technology leaders. Its strong financial performance and cash flows are likely to support its expansion into new markets. In addition, the company’s focus on new technologies, such as cloud computing, artificial intelligence, and machine learning, will provide it with an edge over its competitors. This, in turn, is likely to increase its profitability and share price in the coming years. All in all, Coforge’s share price outlook for 2023 to 2030 looks bright, and investors should consider adding it to their portfolios.
