Coforge: Nomura maintains a Buy on Coforge with a Target Price of ₹2100, driven by in-line Q4 revenues but a strong EBIT margin beat, improving FCF and margins easing concerns, a robust and executable order book supporting near- to medium-term growth, AI-led margin expansion potential, and a 2–5% upgrade to FY27–28 EPS estimates.

 06 May 2026 09:10 AM

Coforge: Nomura maintains a Buy on Coforge with a Target Price of ₹2100, driven by in-line Q4 revenues but a strong EBIT margin beat, improving FCF and margins easing concerns, a robust and executable order book supporting near- to medium-term growth, AI-led margin expansion potential, and a 2–5% upgrade to FY27–28 EPS estimates.

Coforge: Jefferies maintains a Buy on Coforge with a Target Price of ₹1860, driven by a Q4 beat led by stronger margins and FCF conversion, solid deal wins and 16% YoY executable order book growth supporting double-digit organic growth despite India portfolio cleanup, along with 9–11% estimate upgrades, ~23% EPS CAGR over FY27–29, and attractive valuations at ~19x forward PE.

 06 May 2026 09:10 AM

Coforge: Jefferies maintains a Buy on Coforge with a Target Price of ₹1860, driven by a Q4 beat led by stronger margins and FCF conversion, solid deal wins and 16% YoY executable order book growth supporting double-digit organic growth despite India portfolio cleanup, along with 9–11% estimate upgrades, ~23% EPS CAGR over FY27–29, and attractive valuations at ~19x forward PE.

Coforge: Morgan Stanley maintains an Overweight on Coforge with a Target Price of ₹1500 (cut from ₹2030), supported by 16.4% YoY order book growth, improved EBIT margin guidance (15.5%+), stronger FCF/PAT conversion (100%+), and positioning as a relative growth leader despite weak IT demand, aided by ongoing pruning of low-margin businesses and focus on cash flow improvement.

 06 May 2026 09:10 AM

Coforge: Morgan Stanley maintains an Overweight on Coforge with a Target Price of ₹1500 (cut from ₹2030), supported by 16.4% YoY order book growth, improved EBIT margin guidance (15.5%+), stronger FCF/PAT conversion (100%+), and positioning as a relative growth leader despite weak IT demand, aided by ongoing pruning of low-margin businesses and focus on cash flow improvement.

Coforge: HSBC maintains a Buy on Coforge with a Target Price of ₹1710, as slightly weak Q4 revenue is offset by improved FY27 margin and FCF guidance, with growth expected to moderate due to exit from low-margin business but still likely in low teens supported by a strong order book, while factoring in sectoral AI headwinds and reasonable valuations.

 06 May 2026 09:10 AM

Coforge: HSBC maintains a Buy on Coforge with a Target Price of ₹1710, as slightly weak Q4 revenue is offset by improved FY27 margin and FCF guidance, with growth expected to moderate due to exit from low-margin business but still likely in low teens supported by a strong order book, while factoring in sectoral AI headwinds and reasonable valuations.

Coforge: Citi maintains a Sell on Coforge with a Target Price of ₹1115, citing modest Q4 with revenue miss but margin/FCF boost (aided by asset sales), slowing executable order book growth (+16% YoY) and near-term flattish outlook due to India business exit, alongside concerns on revenue growth sustainability despite EBIT margin improvement and ongoing monitoring of Encora performance.

 06 May 2026 09:10 AM

Coforge: Citi maintains a Sell on Coforge with a Target Price of ₹1115, citing modest Q4 with revenue miss but margin/FCF boost (aided by asset sales), slowing executable order book growth (+16% YoY) and near-term flattish outlook due to India business exit, alongside concerns on revenue growth sustainability despite EBIT margin improvement and ongoing monitoring of Encora performance.

Coforge: Guidance - Management expects FY '27 to be an exceptional year with robust revenue growth, driven by signed framework agreements and a balanced portfolio across verticals. - Concall Update

 06 May 2026 08:13 AM

Coforge: Guidance - Management expects FY '27 to be an exceptional year with robust revenue growth, driven by signed framework agreements and a balanced portfolio across verticals. - Concall Update

Coforge: Guidance -For FY '27, consolidated EBITDA margins are projected to be 20.5% to 21%, with standalone EBIT margins at 16.5% to 17% and consolidated EBIT margins at 15.5%. - Concall Update

 06 May 2026 08:13 AM

Coforge: Guidance -For FY '27, consolidated EBITDA margins are projected to be 20.5% to 21%, with standalone EBIT margins at 16.5% to 17% and consolidated EBIT margins at 15.5%. - Concall Update

Coforge: Guidance -The margin expansion is attributed to AI adoption in delivery and functions, G&A synergies of 20% to 25% from the Encora acquisition, and the planned closure of a $20 million low-margin India business portfolio. - Concall Update

 06 May 2026 08:14 AM

Coforge: Guidance -The margin expansion is attributed to AI adoption in delivery and functions, G&A synergies of 20% to 25% from the Encora acquisition, and the planned closure of a $20 million low-margin India business portfolio. - Concall Update

Coforge: Guidance -Free cash flow to PAT is anticipated to be maintained at 100% or more from FY '27 onwards, an increase from the previous guidance of 70% to 80%. - Concall Update

 06 May 2026 08:14 AM

Coforge: Guidance -Free cash flow to PAT is anticipated to be maintained at 100% or more from FY '27 onwards, an increase from the previous guidance of 70% to 80%. - Concall Update

Coforge: Guidance -Management expects Q1 FY '27 revenue to be flattish quarter-on-quarter due to the discontinuation of the India business, with a fast growth trajectory from Q2 onward, and anticipates incremental margin improvements beyond FY '27. - Concall Update

 06 May 2026 08:14 AM

Coforge: Guidance -Management expects Q1 FY '27 revenue to be flattish quarter-on-quarter due to the discontinuation of the India business, with a fast growth trajectory from Q2 onward, and anticipates incremental margin improvements beyond FY '27. - Concall Update

Coforge: Company Shows Strong FY26 Results With 29.2% Yearly Growth And EBIT Margin Rise Of 370 Basis Points To 14.4%; CEO Sudhir Singh Predicts FY27 EBITDA Over 20.5%, Supported By A Solid $1.75 Billion Order Book

 05 May 2026 04:50 PM

Coforge: Company Shows Strong FY26 Results With 29.2% Yearly Growth And EBIT Margin Rise Of 370 Basis Points To 14.4%; CEO Sudhir Singh Predicts FY27 EBITDA Over 20.5%, Supported By A Solid $1.75 Billion Order Book

COFORGE: Q4 EBIT 6.96B RUPEES VS 5.53B (QOQ) || Q4 EBIT MARGIN 15.7% VS 13.1% (QOQ)

 05 May 2026 04:19 PM

COFORGE: Q4 EBIT 6.96B RUPEES VS 5.53B (QOQ) || Q4 EBIT MARGIN 15.7% VS 13.1% (QOQ)

COFORGE: Q4 CONS NET PROFIT 6.1B RUPEES VS 2.5B (QOQ) || Q4 REVENUE 44.50B RUPEES VS 41.88B (QOQ)

 05 May 2026 04:21 PM

COFORGE: Q4 CONS NET PROFIT 6.1B RUPEES VS 2.5B (QOQ) || Q4 REVENUE 44.50B RUPEES VS 41.88B (QOQ)

COFORGE: Q4 CONS PBT AT 6.78B RUPEES VS 5.32B (YOY) || CO HAS EXCEPTIONAL ITEM OF 536M RUPEES VS 1.47B (YOY)

 05 May 2026 04:22 PM

COFORGE: Q4 CONS PBT AT 6.78B RUPEES VS 5.32B (YOY) || CO HAS EXCEPTIONAL ITEM OF 536M RUPEES VS 1.47B (YOY)

Coforge: Says AI-Led Engineering, Data, And Cloud Services Could Reach $2 Billion Revenue By FY27.

 23 Apr 2026 10:15 AM

Coforge: Says AI-Led Engineering, Data, And Cloud Services Could Reach $2 Billion Revenue By FY27.

Coforge: Says Its Combined Co Will Build 45 Highly Scalable Relationships Worth More Than $10 Million In The U.S.

 23 Apr 2026 10:16 AM

Coforge: Says Its Combined Co Will Build 45 Highly Scalable Relationships Worth More Than $10 Million In The U.S.

Coforge: Company Says Encora Acquisition Has Been Successfully Closed.

 23 Apr 2026 10:10 AM

Coforge: Company Says Encora Acquisition Has Been Successfully Closed.

Coforge: Company Says Basis Integration Work Has Been Going On For 4 Months, Expects Big Boost To FY27 Growth And Margins.

 23 Apr 2026 10:12 AM

Coforge: Company Says Basis Integration Work Has Been Going On For 4 Months, Expects Big Boost To FY27 Growth And Margins.

Coforge: Completes Acquisition Of Encora Us Holdco And Encora Holdings With $550M Loan And Rs 17,032 Cr Share Swap Deal

 23 Apr 2026 08:15 AM

Coforge: Completes Acquisition Of Encora Us Holdco And Encora Holdings With $550M Loan And Rs 17,032 Cr Share Swap Deal

Coforge: Unveils Two New AI-Native Products, Voyager.AI And FlightFlex.AI, To Help Airlines Improve Customer Experience

 21 Apr 2026 08:51 AM

Coforge: Unveils Two New AI-Native Products, Voyager.AI And FlightFlex.AI, To Help Airlines Improve Customer Experience