Provides IT services and software consulting to global enterprises, with revenue earned largely outside India across four geographic streams. Americas is the largest stream at 57.1% of period segment revenue (Rs 6,777.3 crore), followed by Europe, Middle East and Africa at 28.9% (Rs 3,428.7 crore), Asia Pacific at 8.7% (Rs 1,030.2 crore) and India at 5.3% (Rs 626.2 crore); the India segment ran at a 4.2% EBIT loss. FY26 total revenue was Rs 16,402.7 crore, up 36.1% year-on-year, and FY26 net profit was Rs 1,744.7 crore. Employee costs are the dominant input at 56.2% of revenue, with other operating expenses at 25.9% and depreciation at 4.2%. Recent acquisitions have reshaped scale: Q1 FY27 revenue jumped 49% year-on-year to Rs 55,277 million, helped by the Encora acquisition (contributing Rs 9,579 million in two months) and the Cigniti merger. The company is building applied-AI offerings around its Forward Deployed Engineer model, including the Nuuron AI Operating System and Momentuum AI operating unit. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Americas (57%), Europe, Middle East and Africa (29%), Asia Pacific (9%), India (5%). Cyclical, people-intensive IT services and consulting, heavily weighted to overseas clients
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,432 | 8,015 | 9,179 | 12,051 | 16,403 |
| EBITDA (ex other income) | 1,102 | 1,228 | 1,439 | 1,694 | 2,710 |
| margin % | 17.1 | 15.3 | 15.7 | 14.1 | 16.5 |
| Owners' profit | 662 | 694 | 808 | 812 | 1,566 |
| EPS, as reported (₹) | 109.02 | 113.77 | 131.56 | 123.01 | 46.44 |
| ROE % · ROCE % | 25.2 · 24.5 | 23.5 · 26.2 | 22.4 · 25.6 | 11.2 · 14.7 | 18.0 · 18.7 |
| Debt / equity (x) | 0.17 | 0.11 | 0.12 | 0.08 | 0.04 |
| Cash from operations | 766 | 951 | 903 | 1,237 | 1,792 |
| Capex | (154) | (158) | (266) | (614) | (743) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,062 | 3,318 | 3,410 | 3,689 | 3,986 | 4,188 | 4,450 | 5,528 |
| Profit before tax | 314 | 343 | 393 | 365 | 558 | 384 | 625 | 702 |
| Net profit | 234 | 256 | 307 | 356 | 425 | 297 | 666 | 532 |
| EPS (₹) | 30.32 | 32.26 | 39.02 | 9.47 | 11.21 | 7.45 | 18.23 | 12.34 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Americas | 6,777 | 57.1 |
| Europe, Middle East and Africa | 3,429 | 28.9 |
| Asia Pacific | 1,030 | 8.7 |
| India | 626 | 5.3 |
| Total, before eliminations | 11,862 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Coforge to host analyst call on September 14 | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Resignation of Independent Director and NRC Chair from Coforge | management changes | medium | — | — |
| 11 Sept 2026 · Coforge NRC Chair DK Singh resigns; committees reconstituted | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Coforge admits Chairman got lowest board rating, hidden from independent directors | general | low | — | — |
| 9 Sept 2026 · Coforge clarifies board evaluation not linked to financials or guidance | business updates | low | — | — |
| 8 Sept 2026 · Trading Window Closure and Board Meeting for Q2 FY26-27 Results | compliance | minimal | — | — |
| 8 Sept 2026 · Coforge board meeting on Oct 23 to consider Q2 and H1 FY27 results | results | low | — | — |
| 8 Sept 2026 · Coforge Chairperson OP Bhatt resigns over board evaluation governance issues | management changes | critical | — | — |
| 8 Sept 2026 · Coforge Chairman O P Bhatt resigns over board evaluation concerns | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Coforge to host webinar on Enterprise Autonomy on Sep 17 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 45.6 |
| 53.9 |
| 10.2 |
| 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED ◆ | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.5 | 16.6 | 59 of 71 | 17% |
| P/B | 8.4 | 2.9 | 57 of 64 | 11% |
| ROCE | 17.2 | 14.2 | 31 of 78 | 61% |
| ROE | 18.0 | 11.5 | 16 of 67 | 77% |
| Debt / Equity | 0.0 | 0.0 | 38 of 68 | 45% |
| EBITDA margin | 18.6 | 18.4 | 31 of 65 | 53% |
| Revenue growth | 49.9 | 10.6 | 9 of 63 | 87% |
| Profit growth | 49.2 | 6.7 | 12 of 62 | 82% |
| Market cap | 81708 | 475 | 8 of 75 | 91% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
