Takeaways from Investor Day

研报英文原文证据摘录

Takeaways from Investor Day

Update

June 16, 2026 04:38 PM GMT

Morgan Stanley India Company Private Limited+MCoforge Ltd | Asia Pacific Sulabh Govila, CFA

Equity Analyst

Takeaways from Investor Day Sulabh.Govila@morganstanley.comGaurav Rateria +91 22 6118-2249

Gaurav.Rateria@morganstanley.com +91 22 6118-2237

Shreshtha Chopra

Research Associate

Shreshtha.Chopra@morganstanley.com +91 22 6118-2227

Key Takeaways Sakshi Rana

Aspiration to reach US$5bn in revenue by F2030 (including inorganic), which Research Associate

Sakshi.Rana@morganstanley.com +91 22 6118-1002

implies a CAGR of 15% on an organic basis.

Preference of debt repayment over dividends can create shareholder value but

needs to be evaluated by the BoD.

Highlights: 1) Winning by hyper specialization: The key theme of the analyst meeting

Coforge Ltd (COFO.NS, COFORGE IS)

was the hyper-specialization Coforge has created in select verticals over the years,

India Technology | India

which is helping it create industry-specific AI agents/platforms and helping it win in

Stock Rating Overweight

the marketplace. In the world of code becoming a commodity, deep industry- and Industry View In-Line

company-specific context are setting Coforge apart. Given this new world, it has Price target Rs1,500.00

Up/downside to price target (%) 2

made changes to its delivery model, pricing mechanism and talent progression Shr price, close (Jun 16, 2026) Rs1,464.80

model, among other efforts. Its solution-oriented large deals team is taking 52-Week Range Rs1,994.00-1,008.10

Sh out, dil, curr (mn) 315

proactive approaches and saw its large deal win ratio improve to 47% in F2026 vs. Mkt cap, curr (mn) Rs460,794

38% in F2025. EV, curr (mn) Rs462,926

Avg daily trading value (mn) Rs4,107