Coforge Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹77,592 Cr
- Book Value
- ₹284.1
- Stock P/E
- 40.5
- Dividend Yield
- 0.69%
- ROE
- 21.4%
- ROCE
- 23.5%
- PEG Ratio
- 1.38
- EV/EBITDA
- 22.1
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Coforge share price today
Coforge (NSE: COFORGE) is mid-cap IT’s deal-win machine: vertical depth in insurance, banking and travel that keeps landing large, multi-year contracts against firms many times its size. Five-year numbers: 28.6% sales CAGR, 29.4% profit CAGR — and unusually for Indian IT, no promoter at all: the company is entirely institutionally owned and professionally run.
The Cigniti acquisition (specialist quality engineering) added scale and cross-sell; at 40.5× earnings with a PEG of 1.38, the market pays for the order book’s momentum. Whether that momentum is durable is the whole question.
Vertical depth as strategy
Where peers spread thin across industries, Coforge concentrated: insurance platforms (a decades-deep specialty), BFS modernisation, travel systems. Concentration builds referenceability — the next insurer buys what the last five validated — and that is visible in a steadily record order-intake line. Executive-order size has stepped up year after year, the surest forward indicator IT services offers.
Watch-items: Cigniti integration economics (margin drag before synergy), client concentration inherent to big-deal strategies, US/UK financial-services spending cycles, and wage/utilisation math at an 18.6% OPM.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹77,592 Cr |
| P/E (TTM) | 40.5 |
| EV/EBITDA | 22.1 |
| Operating margin | 18.6% |
| ROE / ROCE | 21.4% / 23.5% |
| Debt to equity | 0.08 |
| Sales CAGR (5y) | 28.6% |
| Profit CAGR (5y) | 29.4% |
| Promoter holding | 0% (institutionally owned) |
| EPS (TTM) | ₹43.2 |
Coforge share price target 2026 to 2030
EPS base ₹43.2 (TTM). Bear: BFSI spending freezes and integration drags — 10% growth at 26×. Base: order book converts and Cigniti synergises — 18% growth at 33×. Bull: large-deal cadence accelerates — 24% growth at 40×.
| Year | Bear (26×, +10%) | Base (33×, +18%) | Bull (40×, +24%) |
|---|---|---|---|
| 2026 | ₹1,235 | ₹1,680 | ₹2,145 |
| 2027 | ₹1,360 | ₹1,985 | ₹2,655 |
| 2028 | ₹1,495 | ₹2,340 | ₹3,295 |
| 2029 | ₹1,645 | ₹2,765 | ₹4,085 |
| 2030 | ₹1,810 | ₹3,260 | ₹5,065 |
From ₹1,750, the base case is ≈ +86% over four and a half years plus dividends. The bear case is roughly +3% — cyclical IT at 40× has little cushion, which is why the range below waits for the sector’s periodic demand scares.
Reasons to own Coforge (at the right price)
- Deal-win consistency: record order intake year after year — the best forward indicator in IT services.
- Vertical moats in insurance and BFS that referenceability deepens annually.
- 29.4% five-year profit CAGR at PEG 1.38 — growth still reasonably priced against mid-cap peers.
- Cigniti adds quality-engineering capability and cross-sell surface.
- Clean institutional ownership with professional management — no promoter overhang, ever.
The risks: no promoter also means no anchor in a takeover scare, BFSI client budgets are cyclical, and integration economics need two more years to prove out.
Should you buy at the current price?
The live buy range below is for members — the demand-scare zone where IT should be bought.
FAQ
What is the Coforge share price target for 2030? Base case ≈ ₹3,260 (33× on 18% compounded growth), bear ≈ ₹1,810, bull ≈ ₹5,065. Arithmetic above.
Why does Coforge have no promoter? Its private-equity era ended with a full institutional sell-down — the company is run by professional management under board oversight, like a Western listed firm.
What should investors track quarterly in Coforge? Order intake and executable order book — deal momentum leads revenue by four to six quarters.
When are Coforge’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.