Coforge Ltd
NSE:COFORGE

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Coforge Ltd
NSE:COFORGE
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Price: 1 237.8 INR -4.25%
Market Cap: ₹415.7B

EV/EBITDA

16
Current
37%
Cheaper
vs 3-y average of 25.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16
=
Enterprise Value
₹405.2B
/
EBITDA
₹25.8B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16
=
Enterprise Value
₹405.2B
/
EBITDA
₹25.8B

Valuation Scenarios

Coforge Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (25.4), the stock would be worth ₹1 968.22 (59% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+59%
Average Upside
29%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 16 ₹1 237.8
0%
3-Year Average 25.4 ₹1 968.22
+59%
5-Year Average 22.9 ₹1 770.86
+43%
Industry Average 16.6 ₹1 283.99
+4%
Country Average 17.7 ₹1 366
+10%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹405.2B
/
Jan 2026
₹25.8B
=
16
Current
₹405.2B
/
Mar 2026
₹29.7B
=
13.6
Forward
₹405.2B
/
Mar 2027
₹38.8B
=
10.5
Forward
₹405.2B
/
Mar 2028
₹45.2B
=
9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Coforge Ltd
NSE:COFORGE
432.4B INR 16 34.4
US
International Business Machines Corp
NYSE:IBM
239B USD 17.7 22.6
JP
BrainPad Inc
TSE:3655
20.9T JPY 37.9 551.4
IE
Accenture PLC
NYSE:ACN
119.6B USD 8.3 15.6
IN
Tata Consultancy Services Ltd
NSE:TCS
9.4T INR 12.2 18.9
IN
Infosys Ltd
NSE:INFY
5.3T INR 11.9 18.2
JP
Fujitsu Ltd
TSE:6702
6.8T JPY 12.5 14.3
IN
HCL Technologies Ltd
NSE:HCLTECH
3.9T INR 12.2 21.1
JP
NEC Corp
TSE:6701
5.9T JPY 12.4 24
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 9.9 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 9.9 39.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Coforge Ltd
NSE:COFORGE
Average EV/EBITDA: 14.6
16
38%
0.4
US
International Business Machines Corp
NYSE:IBM
17.7
13%
1.4
JP
BrainPad Inc
TSE:3655
37.9
N/A N/A
IE
Accenture PLC
NYSE:ACN
8.3
7%
1.2
IN
Tata Consultancy Services Ltd
NSE:TCS
12.2
9%
1.4
IN
Infosys Ltd
NSE:INFY
11.9
8%
1.5
JP
Fujitsu Ltd
TSE:6702
12.5
13%
1
IN
HCL Technologies Ltd
NSE:HCLTECH
12.2
9%
1.4
JP
NEC Corp
TSE:6701
12.4
14%
0.9
JP
N
NTT Data Group Corp
DUS:NT5
9.9
12%
0.8
JP
NTT Data Corp
TSE:9613
9.9
12%
0.8

Market Distribution

In line with most companies in India
Percentile
45th
Based on 2 785 companies
45th percentile
16
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Coforge Ltd
Glance View

In the bustling corridors of the global IT services industry, Coforge Ltd. has carved out a distinctive niche with its focused approach on crafting excellence in digital transformation. Originally known as NIIT Technologies, the rebranded Coforge Ltd. carries forward a legacy of innovation intertwined with a modern outlook. With an emphasis on three key verticals—Banking and Financial Services, Insurance, and Travel & Hospitality—the company tailors bespoke solutions that cater to the unique demands of each sector. At the heart of Coforge's operations is a robust framework combining deep domain expertise and technological prowess, enabling it to partner effectively with organizations around the world in navigating the complexities of digital evolution. Coforge earns its revenues by orchestrating a symphony of services that blend AI, cloud computing, analytics, automation, and digital integration. By offering end-to-end solutions, Coforge helps its clients improve efficiency, streamline operations, and enhance customer experiences, which are crucial components for maintaining competitive advantages. The company's business model relies heavily on long-term relationships, often structured around managed services contracts and multi-year agreements that ensure a steady flow of income. Amidst a dynamic digital landscape, Coforge is adept at leveraging both organic growth and strategic acquisitions to expand its technological capabilities and global footprint, cementing its status as a reliable partner in the digital transformation journey.

COFORGE Intrinsic Value
1 446.43 INR
Undervaluation 14%
Intrinsic Value
Price ₹1 237.8
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