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Coforge Ltd>
  • CMP : 8,261.1 Chg : -401.0 (-4.63%)
  • Target : 4,725.0 (17.54%)
  • Target Period : 12 Month

27 Apr 2023

Key Financial Summary

Particulars FY20 FY21 FY22 FY23 5 year CAGR (FY18-23) FY24E FY25E 2 year CAGR (FY23-25E)
Net Sales 4,183.9 4,662.8 6,432.0 8,014.6 21.8 9,456.9 10,851.2 16.4
EBITDA 719.8 786.5 1,115.4 1,405.3 22.9 1,673.9 1,942.4 17.6
EBITDA Margins (%) 17.2 16.9 17.3 17.5 - 17.7 17.9 -
Net Profit 444.1 455.6 661.8 693.8 19.9 1,025.4 1,176.5 30.2
EPS (|) 71.4 73.3 106.5 111.5 - 165.0 189.4 -
P/E 56.3 54.9 37.7 36.0 - 24.4 21.2 -
RoNW (%) 18.5 18.5 24.2 22.5 - 28.1 27.4 -
RoCE (%) 23.0 23.3 25.6 27.9 - 30.3 29.9 -
Source: Company, ICICI Direct Research

Financial Summary

Profit and loss statement crore

ParticularsFY22 ()FY23 ()FY24E ()FY25E ()
Total operating Income 6,432.08,014.69,456.910,851.2
Growth (%) 37.924.618.014.7
COGS (employee expenses) 4,373.65,405.96,350.37,270.3
S,G&A expenses 943.01,202.91,432.71,638.5
Total Operating Expenditure 5,316.66,608.87,783.08,908.8
EBITDA 1,115.41,405.31,673.91,942.4
Growth (%) 41.826.019.116.0
Depreciation 227.2258.5302.6379.8
Other Income (net) -26.6-63.0-10.0-10.0
PBT 861.61,083.81,361.21,552.6
Total Tax 146.8206.1285.9326.0
Adjusted 'PAT 661.8693.81,025.41,176.5
Growth (%) 45.34.847.814.7
Adjusted EPS (|) 106.5111.5165.0189.4
Growth (%) 45.34.748.014.7
Source: Company, ICICI Direct Research