Case study

COFORGE

COFORGE LIMITED

Worth a closer look1y model +9.2%

Each stock's 10,000-path forecast, rendered as light.

0Score

COFORGE LIMITED (COFORGE) Stock Analysis & Case Study

Is COFORGE a good buy? The data-driven verdict.

COFORGE LIMITED (COFORGE) trades at ₹1,484,on the numbers it worth a closer look, a Downstox Snapshot Score of 58/100.

On the numbers, COFORGE LIMITED (COFORGE) worth a closer look, a Downstox Snapshot Score of 58/100, weighing premium at 38.8× earnings, ROE of 20.6%, a 59% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

COFORGE fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹63,792 Cr
Current price
₹1,484
P/E ratio
38.8×
P/B ratio
5.23×
Book value
₹284
Dividend yield
1.02%
ROCE
23.5%
ROE
20.6%
Piotroski F-Score
4/9

Is COFORGE overvalued? COFORGE P/E vs its IT

COFORGE's P/E of 38.8× sits above the IT peer median of 16.2×, so on earnings it screens richer than peers, while its 1.02% dividend yield is below the peer median of 4.03%.

COFORGE P/E
38.8×
Peer median P/E
16.2×
COFORGE div yield
1.02%
Peer median yield
4.03%

COFORGE share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of COFORGE history (16%/yr drift, 37%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
COFORGE 2027₹992₹1,598₹2,599+9%
COFORGE 2028₹887₹1,745₹3,445+19%
COFORGE 2029₹831₹1,897₹4,323+30%
COFORGE 2030₹811₹2,094₹5,301+43%
COFORGE 2031₹787₹2,278₹6,515+56%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability COFORGE goes up, or doubles?

59%
Higher in 1 year
Modelled chance the price is above today in 12 months
71%
Higher in 5 years
Modelled chance the price is above today in 5 years
39%
Doubles in 5 years
Modelled chance of reaching ₹2,927 within 5 years

The bull case for COFORGE

  • High return on equity (20.6%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (23.5%) shows the core business earns well above its cost of capital.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹4,323.

The bear case & risks

  • At 38.8× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹831.

COFORGE volatility & expected range, how bumpy is the ride?

Over the last 2.0 years COFORGE compounded at 16%/year with annualized volatility of 37%. That volatility implies a 1-year 80% range of ₹992₹2,599, the honest backbone behind any single price target.

COFORGE price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
9.2%
80% range₹992–₹2,599
P(price ↑)59%
P(price 2×)5%
3-Year Forecast
2029
₹0
Median (P50)
29.6%
80% range₹831–₹4,323
P(price ↑)66%
P(price 2×)25%
5-Year Forecast
2031
₹0
Median (P50)
55.7%
80% range₹787–₹6,515
P(price ↑)71%
P(price 2×)39%

COFORGE price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
COFORGE simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds COFORGE hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the COFORGE price target & forecast page.

COFORGE Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. COFORGE scores 4/9,mixed financial health.

COFORGE MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy COFORGE with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox33.3%3.0×
Zerodha28.3%3.5×
DhanCHEAPEST26.3%3.8×

Compare every broker on the COFORGE MTF page.

COFORGE vs peers,IT comparison

StockP/EDiv yieldMarket cap
COFORGE (this stock)38.8×1.02%₹63,792 Cr
TCS14.7×3.01%₹7.69L Cr
INFY14.4×4.51%₹4.32L Cr
HCLTECH17.7×4.78%₹3.07L Cr
WIPRO14.4×6.11%₹1.89L Cr
TECHM28.1×3.55%₹1.41L Cr

About COFORGE LIMITED: sector, index & market-cap context

COFORGE LIMITED (COFORGE) is a mid-cap NSE-listed company in the IT sector, and a constituent of the Nifty 100 index group, with a market capitalisation of ₹63,792 Cr. See more Nifty 100 stocks.

How the COFORGE Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of COFORGE LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

COFORGE analysis, FAQs

Is COFORGE LIMITED (COFORGE) a good buy?

On the numbers, COFORGE LIMITED (COFORGE) worth a closer look, a Downstox Snapshot Score of 58/100, weighing premium at 38.8× earnings, ROE of 20.6%, a 59% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is COFORGE overvalued or undervalued?

COFORGE trades at 38.8× earnings versus a peer median of 16.2×, so it screens richer than its IT peers.

What is the COFORGE share price target for 2031?

COFORGE's probability-weighted 2031 median target is ₹2,278, with an 80% range of ₹787₹6,515 (10,000-path Monte-Carlo).

What is the probability COFORGE doubles in 5 years?

The modelled probability of COFORGE reaching ₹2,927 (2×) within 5 years is 39%.

What is the bull case for COFORGE?

High return on equity (20.6%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (23.5%) shows the core business earns well above its cost of capital.

What are the risks in COFORGE?

At 38.8× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished.

More on COFORGE