Coforge ltd Stock/Share Price, Latest BSE/NSE Coforge ltd Financial Summary at www.indiainfoline.com

Y/e 31 Mar	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Growth matrix (%)
Revenue growth	39.90	6.76	4.25	13.30
Op profit growth	44.30	4.55	1.40	40.80
EBIT growth	49.60	9.06	1.20	43.10
Net profit growth	58.50	12	(7.40)	137
Profitability ratios (%)
OPM	17.30	16.80	17.10	17.60
EBIT margin	14.80	13.80	13.50	13.90
Net profit margin	10.60	9.37	8.93	10
RoCE	28.30	22.30	21.90	24.40
RoNW	5.32	4.05	3.84	4.61
RoA	5.08	3.78	3.61	4.40
Per share ratios ()
EPS	74.80	50.20	44.30	45
Dividend per share	31	15	12.50	10
Cash EPS	43.40	24.90	19.90	24.30
Book value per share	383	289	275	257
Valuation ratios
P/E	15.30	17.20	9.85	11.10
P/CEPS	26.50	34.80	21.90	20.40
P/B	2.99	2.99	1.59	1.93
EV/EBIDTA	7.97	9.10	4.53	5.48
Payout (%)
Dividend payout	--	32.90	30.70	27
Tax payout	(21)	(24)	(21)	(21)
Liquidity ratios
Debtor days	62.90	64.30	68.90	81.20
Inventory days	0.01	0.04	0.04	0.60
Creditor days	(23)	(21)	(21)	(30)
Leverage ratios
Interest coverage	(40)	(44)	(63)	(50)
Net debt / equity	(0.40)	(0.20)	(0.20)	(0.20)
Net debt / op. profit	(1.20)	(0.80)	(0.80)	(0.70)
Cost breakup ()
Material costs	(2)	(1.10)	(0.50)	(1.50)
Employee costs	(60)	(59)	(59)	(57)
Other costs	(20)	(23)	(23)	(24)

Y/e 31 Mar( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Revenue	4,184	2,991	2,802	2,688
yoy growth (%)	39.90	6.76	4.25	13.30
Raw materials	(84)	(32)	(14)	(39)
As % of sales	2.02	1.06	0.50	1.45
Employee costs	(2,530)	(1,760)	(1,651)	(1,542)
As % of sales	60.50	58.80	58.90	57.40
Other costs	(846)	(698)	(657)	(634)
As % of sales	20.20	23.30	23.50	23.60
Operating profit	723	501	480	473
OPM	17.30	16.80	17.10	17.60
Depreciation	(173)	(127)	(128)	(121)
Interest expense	(16)	(9.40)	(6)	(7.50)
Other income	67.70	39.10	26.90	22.40
Profit before tax	603	404	373	367
Taxes	(128)	(95)	(79)	(78)
Tax rate	(21)	(24)	(21)	(21)
Minorities and other	(24)	(29)	(22)	(17)
Adj. profit	451	280	272	271
Exceptional items	(7.10)	--	(22)	(1.30)
Net profit	444	280	250	270
yoy growth (%)	58.50	12	(7.40)	137
NPM	10.60	9.37	8.93	10

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2018	Mar-2017
Revenue	2,231	1,999	1,646	1,595
yoy growth (%)	11.60	21.50	3.18	7.47
Raw materials	(54)	(5.20)	(21)	(4.30)
As % of sales	2.40	0.26	1.28	0.27
Employee costs	(1,418)	(1,215)	(995)	(937)
As % of sales	63.50	60.80	60.40	58.70
Other costs	(459)	(480)	(380)	(375)
As % of sales	20.60	24	23.10	23.50
Operating profit	301	300	250	280
OPM	13.50	15	15.20	17.50
Depreciation	(90)	(78)	(83)	(91)
Interest expense	(7.80)	(5.40)	(7)	(3.60)
Other income	285	154	116	33.80
Profit before tax	487	370	276	219
Taxes	(65)	(71)	(50)	(32)
Tax rate	(13)	(19)	(18)	(15)
Minorities and other	--	--	--	--
Adj. profit	423	299	226	187
Exceptional items	--	--	--	(22)
Net profit	423	299	226	165
yoy growth (%)	41.30	32.20	37.20	(14)
NPM	18.90	15	13.70	10.30

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Profit before tax	603	404	373	367
Depreciation	(173)	(127)	(128)	(121)
Tax paid	(128)	(95)	(79)	(78)
Working capital	1,029	231	149	146
Other operating items	--	--	--	--
Operating cashflow	1,330	412	316	313
Capital expenditure	1,254	585	386	275
Free cash flow	2,585	998	702	588
Equity raised	2,586	2,377	2,487	2,566
Investments	(31)	310	234	19.50
Debt financing/disposal	27.60	(24)	16.80	1.74
Dividends paid	--	92.20	76.70	61.20
Other items	--	--	--	--
Net in cash	5,168	3,753	3,516	3,236

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2018	Mar-2017
Equity capital	62.50	61.80	61.50	61.40
Preference capital	--	--	--	--
Reserves	2,334	2,011	1,713	1,625
Net worth	2,397	2,072	1,774	1,687
Minority interest
Debt	35.20	13.60	22.50	25.40
Deferred tax liabilities (net)	53.20	66.90	68.70	83.10
Total liabilities	2,485	2,160	1,887	1,819
Fixed assets	1,080	820	880	848
Intangible assets
Investments	13.70	365	365	316
Deferred tax asset (net)	144	131	146	142
Net working capital	345	287	77.60	106
Inventories	--	--	0.30	0.30
Inventory Days	--	--	0.04	0.04
Sundry debtors	857	588	586	468
Debtor days	74.70	--	71.50	61
Other current assets	456	440	297	309
Sundry creditors	(272)	(176)	(158)	(131)
Creditor days	23.80	--	19.30	17
Other current liabilities	(696)	(565)	(647)	(541)
Cash	903	558	418	408
Total assets	2,485	2,160	1,887	1,819

Select Period

Particulars ( Rupees In Crores.)	Mar-2020	Mar-2019	Mar-2018	Mar-2017	Mar-2016
Gross Sales	4,184	3,676	2,991	2,802	2,688
Excise Duty	--	--	--	--	--
Net Sales	4,184	3,676	2,991	2,802	2,688
Other Operating Income	--	--	--	--	--
Other Income	67.70	53.50	39.10	26.90	22.30
Total Income	4,252	3,730	3,031	2,829	2,710
Total Expenditure **	3,468	3,033	2,490	2,348	2,219
PBIDT	784	696	540	482	491
Interest	15.50	9.20	9.40	3.20	4.90
PBDT	768	687	531	478	486
Depreciation	173	125	127	128	121
Minority Interest Before NP	--	--	--	--	--
Tax	155	139	108	92.20	89.50
Deferred Tax	(27)	1.60	(14)	(14)	(11)
Reported Profit After Tax	468	422	309	272	287
Minority Interest After NP	23.60	18.80	28.50	22	17
Net Profit after Minority Interest	444	403	280	250	270
Extra-ordinary Items	(5.30)	(4.20)	--	(16)	(1)
Adjusted Profit After Extra-ordinary item	449	408	280	266	271
EPS (Unit Curr.)	71.40	65.50	45.60	40.80	44.20
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	310	--	150	125	100
Equity	62.50	61.80	61.50	61.40	61.20
Public Shareholding (Number)	--	--	--	--	--
Public Shareholding (%)	--	--	--	--	--
Pledged/Encumbered - No. of Shares	--	--	--	--	--
Pledged/Encumbered - % in Total Promoters Holding	--	--	--	--	--
Pledged/Encumbered - % in Total Equity	--	--	--	--	--
Non Encumbered - No. of Shares	--	--	--	--	--
Non Encumbered - % in Total Promoters Holding	--	--	--	--	--
Non Encumbered - % in Total Equity	--	--	--	--	--
PBIDTM(%)	18.70	18.90	18.10	17.20	18.30
PBDTM(%)	18.40	18.70	17.80	17.10	18.10
PATM(%)	11.20	11.50	10.30	9.71	10.70

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