Coforge Limited
Coforge Limited provides information technology (IT) and IT-enabled services in India, the Americas, Europe, the Middle East and Africa, India, and the Asia Pacific. The company offers Artificial intelligence services and platforms; and AI (artificial intelligence) and ML (machine learning) services, including predictive analytics, model risk management, and recommendation engine; intelligent aut… Read more
Coforge Limited (COFORGE) - Net Assets
Latest net assets as of September 2025: ₹89.22 Billion INR
Based on the latest financial reports, Coforge Limited (COFORGE) has net assets worth ₹89.22 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹135.90 Billion) and total liabilities (₹46.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹89.22 Billion |
| % of Total Assets | 65.65% |
| Annual Growth Rate | 19.52% |
| 5-Year Change | 237.74% |
| 10-Year Change | 403.18% |
| Growth Volatility | 26.73 |
Coforge Limited - Net Assets Trend (2005–2025)
This chart illustrates how Coforge Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Coforge Limited (2005–2025)
The table below shows the annual net assets of Coforge Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹83.29 Billion | +123.48% |
| 2024-03-31 | ₹37.27 Billion | +17.57% |
| 2023-03-31 | ₹31.70 Billion | +11.96% |
| 2022-03-31 | ₹28.31 Billion | +14.81% |
| 2021-03-31 | ₹24.66 Billion | +2.90% |
| 2020-03-31 | ₹23.96 Billion | +15.23% |
| 2019-03-31 | ₹20.80 Billion | +15.79% |
| 2018-03-31 | ₹17.96 Billion | +5.03% |
| 2017-03-31 | ₹17.10 Billion | +3.32% |
| 2016-03-31 | ₹16.55 Billion | +20.28% |
| 2015-03-31 | ₹13.76 Billion | +2.49% |
| 2014-03-31 | ₹13.43 Billion | +20.82% |
| 2013-03-31 | ₹11.11 Billion | +20.52% |
| 2012-03-31 | ₹9.22 Billion | +22.61% |
| 2011-03-31 | ₹7.52 Billion | +29.09% |
| 2010-03-31 | ₹5.83 Billion | +49.47% |
| 2009-03-31 | ₹3.90 Billion | -12.65% |
| 2008-03-31 | ₹4.46 Billion | +15.86% |
| 2007-03-31 | ₹3.85 Billion | +38.89% |
| 2006-03-31 | ₹2.77 Billion | +17.89% |
| 2005-03-31 | ₹2.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Coforge Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1740.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹32.97 Billion | 51.68% |
| Common Stock | ₹669.00 Million | 1.05% |
| Other Comprehensive Income | ₹5.98 Billion | 9.38% |
| Other Components | ₹24.17 Billion | 37.90% |
| Total Equity | ₹63.79 Billion | 100.00% |
Coforge Limited Competitors by Market Cap
The table below lists competitors of Coforge Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ondas Holdings Inc.
NASDAQ:ONDS
|
$4.12 Billion |
|
Metsera, Inc. Common Stock
NASDAQ:MTSR
|
$4.12 Billion |
|
NorthWestern Corporation
NASDAQ:NWE
|
$4.12 Billion |
|
Bath & Body Works Inc.
NYSE:BBWI
|
$4.13 Billion |
|
Andritz AG
PINK:ADRZF
|
$4.12 Billion |
|
Universal Display
NASDAQ:OLED
|
$4.12 Billion |
|
Shandong Himile Mechanical Science & Technology Co Ltd
SHE:002595
|
$4.12 Billion |
|
DAWUF
PINK:DAWUF
|
$4.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coforge Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,266,000,000 to 63,792,000,000, a change of 27,526,000,000 (75.9%).
- Net income of 8,121,000,000 contributed positively to equity growth.
- Dividend payments of 4,976,000,000 reduced retained earnings.
- New share issuances of 22,015,000,000 increased equity.
- Other comprehensive income increased equity by 3,672,000,000.
- Other factors decreased equity by 1,306,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹8.12 Billion | +12.73% |
| Dividends Paid | ₹4.98 Billion | -7.8% |
| Share Issuances | ₹22.02 Billion | +34.51% |
| Other Comprehensive Income | ₹3.67 Billion | +5.76% |
| Other Changes | ₹-1.31 Billion | -2.05% |
| Total Change | ₹- | 75.90% |
Book Value vs Market Value Analysis
This analysis compares Coforge Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.60x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 135.29x to 5.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹7.94 | ₹1073.90 | x |
| 2006-03-31 | ₹9.32 | ₹1073.90 | x |
| 2007-03-31 | ₹12.64 | ₹1073.90 | x |
| 2008-03-31 | ₹15.02 | ₹1073.90 | x |
| 2009-03-31 | ₹13.20 | ₹1073.90 | x |
| 2010-03-31 | ₹19.68 | ₹1073.90 | x |
| 2011-03-31 | ₹25.05 | ₹1073.90 | x |
| 2012-03-31 | ₹30.29 | ₹1073.90 | x |
| 2013-03-31 | ₹180.14 | ₹1073.90 | x |
| 2014-03-31 | ₹43.28 | ₹1073.90 | x |
| 2015-03-31 | ₹44.37 | ₹1073.90 | x |
| 2016-03-31 | ₹51.76 | ₹1073.90 | x |
| 2017-03-31 | ₹54.91 | ₹1073.90 | x |
| 2018-03-31 | ₹57.41 | ₹1073.90 | x |
| 2019-03-31 | ₹66.53 | ₹1073.90 | x |
| 2020-03-31 | ₹76.61 | ₹1073.90 | x |
| 2021-03-31 | ₹79.34 | ₹1073.90 | x |
| 2022-03-31 | ₹88.00 | ₹1073.90 | x |
| 2023-03-31 | ₹99.11 | ₹1073.90 | x |
| 2024-03-31 | ₹116.33 | ₹1073.90 | x |
| 2025-03-31 | ₹191.71 | ₹1073.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coforge Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.74%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.96x
- Recent ROE (12.73%) is below the historical average (20.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 25.98% | 11.00% | 1.37x | 1.72x | ₹367.61 Million |
| 2006 | 24.91% | 11.11% | 1.39x | 1.62x | ₹403.93 Million |
| 2007 | 35.93% | 15.02% | 1.37x | 1.74x | ₹960.00 Million |
| 2008 | 31.08% | 14.57% | 1.27x | 1.68x | ₹930.17 Million |
| 2009 | 29.63% | 11.72% | 1.20x | 2.12x | ₹760.79 Million |
| 2010 | 21.80% | 13.83% | 1.11x | 1.42x | ₹683.94 Million |
| 2011 | 24.79% | 15.05% | 1.22x | 1.36x | ₹1.11 Billion |
| 2012 | 21.59% | 12.46% | 1.19x | 1.46x | ₹1.05 Billion |
| 2013 | 19.49% | 10.55% | 1.31x | 1.41x | ₹1.04 Billion |
| 2014 | 8.62% | 4.81% | 1.32x | 1.36x | ₹-183.21 Million |
| 2015 | 8.40% | 4.81% | 1.20x | 1.46x | ₹-216.69 Million |
| 2016 | 16.97% | 10.05% | 1.20x | 1.41x | ₹1.11 Billion |
| 2017 | 14.83% | 8.93% | 1.14x | 1.46x | ₹814.50 Million |
| 2018 | 15.79% | 9.37% | 1.12x | 1.50x | ₹1.03 Billion |
| 2019 | 19.46% | 10.97% | 1.28x | 1.39x | ₹1.96 Billion |
| 2020 | 18.53% | 10.61% | 1.22x | 1.44x | ₹2.04 Billion |
| 2021 | 18.47% | 9.77% | 1.33x | 1.42x | ₹2.09 Billion |
| 2022 | 24.21% | 10.29% | 1.30x | 1.81x | ₹3.88 Billion |
| 2023 | 22.51% | 8.66% | 1.41x | 1.84x | ₹3.86 Billion |
| 2024 | 22.28% | 8.97% | 1.48x | 1.68x | ₹4.45 Billion |
| 2025 | 12.73% | 6.74% | 0.96x | 1.96x | ₹1.74 Billion |
Industry Comparison
This section compares Coforge Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,503,158,354
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Coforge Limited (COFORGE) | ₹89.22 Billion | 25.98% | 0.52x | $4.12 Billion |
| 3i Infotech Limited (3IINFOLTD) | $10.02 Billion | 26.55% | 2.88x | $23.73 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $7.64 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.46 Billion | 14.35% | 0.24x | $43.42 Million |
| Adroit Infotech Limited (ADROITINFO) | $160.99 Million | -1.68% | 0.01x | $2.87 Million |
| Allied Digital Services Limited (ADSL) | $6.46 Billion | 4.97% | 0.43x | $32.95 Million |
| Airan Limited (AIRAN) | $158.56 Million | 5.12% | 0.24x | $6.12 Million |
| Alankit Limited (ALANKIT) | $316.22 Million | 1.08% | 0.04x | $12.73 Million |
| Bartronics India Limited (ASMS) | $282.50 Million | 6.18% | 0.15x | $6.02 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $692.71 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $1.74 Billion |