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Coforge Ltd. Stock Analysis

Mid Cap
Evaluated by 2807 users | BSE: 532541 | NSE: COFORGE |
IT - Software
NIIT Technologies provides IT solutions to its customers located at North America, Europe, Japan, Asia and Australia. Incorporated in 1992, the company has presence in areas such as Application Development and Management and Enterprise Solutions including Managed Services and BPO.The offers...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Coforge Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 26.89%21.19%19.88%17.59%13.52%18.27%16.52%16.13%21%19.47%
Value Creation Index 0.410.420.330.18-0.090.23NANANANA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,2321,5762,0212,3052,3732,6882,8022,9913,6764,184
Y-o-Y Gr. Rt.-27.9%28.2%14%2.9%13.3%4.3%6.8%22.9%13.8%
Adjusted EPS (Rs.) 30.830.4433.9635.3529.6543.7344.2445.5765.4568.74
Y-o-Y Gr. Rt.--1.2%11.6%4.1%-16.1%47.5%1.2%3%43.6%5%
Book Value per Share (Rs.) 126.21152.47181.41217.66221.86255.77272.83285.35332.41382.11
Adjusted Net Profit 182181205215181268271280404430
Net Op. Cash Flow (Rs. Cr.) 55.4164235145258360472382453297
Debt to Cash Flow from Ops 0.220.310.040.060.030.030.050.060.030.12
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Coforge Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14.6%12%14.3%13.8%
Adjusted EPS 9.3%18.3%15.8%5%
Book Value per Share 13.111.511.915
Share Price 28.6% 31.7% 51.2% 46.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 27.4921.920.4217.7513.518.2616.6616.1921.0319.23
Operating Profit Margin (%) 19.6317.1816.4715.414.7417.6417.4116.8917.6917.32
Net Profit Margin (%) 15.0711.4610.389.647.9610.5910.4710.3111.5110.83
Debt to Equity 0.020.060.010.010.010.010.020.010.010.01
Working Capital Days 148159154148167173164161150160
Cash Conversion Cycle 27333142495247433839
Entity Percentage Holding
Promoters 70.28%
Institutions 20.74%
Non-Institutions 8.99%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Coforge Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Coforge Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Coforge Ltd.'s performance infers:

Coforge Ltd. earnings have grown by 18.3%, whereas share price has appreciated 31.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Coforge Ltd. share prices over the last 10 years. Here is what we found out:

Coforge Ltd. share price has appreciated 26.1% annually over the past ten years.

NIIT Technologies provides IT solutions to its customers located at North America, Europe, Japan, Asia and Australia. Incorporated in 1992, the company has presence in areas such as Application Development and Management and Enterprise Solutions including Managed Services and BPO.

The offers range of services in area of Banking, Financial Services and

NIIT Technologies provides IT solutions to its customers located at North America, Europe, Japan, Asia and Australia. Incorporated in 1992, the company has presence in areas such as Application Development and Management and Enterprise Solutions including Managed Services and BPO.

The offers range of services in area of Banking, Financial Services and Insurance (BFSI), Travel, Transportation and Logistics (TTL), Retail and Distribution.

Services

Application Development Management- Company is engaged from application development to application management to application testing and application integration, data warehousing.

Packaged Implementations- Under this the company manages the entire program management cycle right from business analysis to application implementation, and subsequent maintenance and support of the application portfolio. Company provides SAP implementations services.

BPO- Company provides BPO services in area of Insurance, Financial Services, Market Research and Direct Marketing, Real Estate, Transportation and Technology

Managed Services- Under this it provides services such as infrastructure management, production support and managed security.

Outlook

NIIT Technologies has launched IPF3, a new Insurance Process Framework, for supporting any commercial insurance process. The framework, with unrivaled speed and flexibility, has the capability of providing enhanced technology to tailor business processes with accuracy. It also facilitates easier fulfillment to changing regulatory requirements for commercial insurance organisations.IPF3 is already being used by leading commercial insurers and reinsurers in the Lloyds market in UK. Munich Re Underwriting is one of the first clients to have experienced the working of the framework.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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