$COFORGE Coforge – Fast-Growing Mid-Tier IT Company with Strong Deal Pipeline

$COFORGE Coforge Limited has emerged as one of the fastest-growing IT services companies in India, driven by strong execution, large deal wins, AI-led digital transformation demand, and expansion across key sectors such as banking, insurance, travel, and healthcare. The company continues to gain market share by delivering industry-leading growth significantly ahead of most large IT peers. Key Financial Highlights • FY26 Revenue grew 35.9% YoY to ₹16,421 crore. • FY26 PAT surged 91.6% YoY to ₹1,556 crore. • EBIT Margin expanded by 370 bps to 14.4%. • Q4 FY26 Revenue reached ₹4,450 crore, up 30% YoY. • Order executable book stood at approximately $1.75 billion, providing strong revenue visibility. • AI-led efficiencies and operational improvements continue to support margin expansion. Investment Rationale • Industry-leading growth among Indian IT services companies. • Strong deal wins and large order book provide multi-year visibility. • Beneficiary of rising AI, cloud, digital engineering, and automation spending. • Improving margins and profitability driven by scale and operational efficiency. • Strategic acquisition of Encora strengthens AI capabilities and expands its global footprint. • Well-diversified client base across high-growth verticals. With strong revenue growth, expanding margins, a robust order pipeline, and increasing exposure to AI-led digital transformation, Coforge remains well-positioned to deliver sustained earnings growth and long-term shareholder value.