{"id":343123,"date":"2026-11-10T12:15:36","date_gmt":"2026-11-10T06:45:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343123"},"modified":"2026-11-10T12:15:36","modified_gmt":"2026-11-10T06:45:36","slug":"coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/","title":{"rendered":"Coforge Share Price: 25.9% CAGR in 3 Years as the Noida IT Firm Pulls Ahead of Persistent and Mphasis"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Coforge_Share_Price_259_CAGR_in_3_Years_as_the_Noida_IT_Firm_Pulls_Ahead_of_Persistent_and_Mphasis\" title=\"Coforge Share Price: 25.9% CAGR in 3 Years as the Noida IT Firm Pulls Ahead of Persistent and Mphasis\">Coforge Share Price: 25.9% CAGR in 3 Years as the Noida IT Firm Pulls Ahead of Persistent and Mphasis<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#How_Much_Has_the_Coforge_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Coforge Share Price Returned in 3 Years?\">How Much Has the Coforge Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Coforge_vs_Persistent_Systems_and_Mphasis_3-Year_CAGR_Compared\" title=\"Coforge vs Persistent Systems and Mphasis: 3-Year CAGR Compared\">Coforge vs Persistent Systems and Mphasis: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#What_Is_Driving_the_Coforge_Stock\" title=\"What Is Driving the Coforge Stock?\">What Is Driving the Coforge Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#How_to_Compare_IT_Stocks_Yourself\" title=\"How to Compare IT Stocks Yourself\">How to Compare IT Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#The_Group_Leader_on_Returns_With_a_Moderate_ROE\" title=\"The Group Leader on Returns, With a Moderate ROE\">The Group Leader on Returns, With a Moderate ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#What_is_the_Coforge_share_price_today\" title=\"What is the Coforge share price today?\">What is the Coforge share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#What_is_the_3-year_CAGR_of_the_Coforge_stock\" title=\"What is the 3-year CAGR of the Coforge stock?\">What is the 3-year CAGR of the Coforge stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Is_Coforge_better_than_Persistent_Systems\" title=\"Is Coforge better than Persistent Systems?\">Is Coforge better than Persistent Systems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#What_does_Coforge_do\" title=\"What does Coforge do?\">What does Coforge do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Is_the_Coforge_stock_debt_free\" title=\"Is the Coforge stock debt free?\">Is the Coforge stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Is_Coforge_expensive_compared_with_the_industry\" title=\"Is Coforge expensive compared with the industry?\">Is Coforge expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#Which_IT_stock_gave_the_highest_return_in_3_years\" title=\"Which IT stock gave the highest return in 3 years?\">Which IT stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/coforge-share-price-3-year-cagr-vs-it-peers-persistent-mphasis\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Coforge_Share_Price_259_CAGR_in_3_Years_as_the_Noida_IT_Firm_Pulls_Ahead_of_Persistent_and_Mphasis\"><\/span><strong>Coforge Share Price: 25.9% CAGR in 3 Years as the Noida IT Firm Pulls Ahead of Persistent and Mphasis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Coforge previous close Rs 2,047. 3-year CAGR 25.9%. Up 2.0x since 9 Nov 2023. ROE 9.80%. Market cap Rs 90,739 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>Coforge share price<\/strong> closed at Rs 2,047 on 9 November 2026, a compounded annual return of 25.9% over three years. That compares with Persistent Systems at 24.1% and Mphasis at 3.8%. The company has a market cap of Rs 90,739 crore and a P\/E of 43.22 against an industry P\/E of 19.36.<\/p>\n<\/p><\/div>\n<p>The <strong>Coforge share price<\/strong> has doubled in three years, which makes Coforge one of the better performers among mid-sized Indian IT companies. The Noida-headquartered firm, formerly known as NIIT Technologies, has built its business around large, long-running contracts with global clients.<\/p>\n<p>This article compares that run with Persistent Systems and Mphasis. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions, so that readers get a like-for-like view.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=coforge-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Coforge_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Coforge Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Coforge stock closed at Rs 1,025.62 on 9 November 2023 and at Rs 2,047.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.00 lakh, which is a CAGR of 25.9%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Coforge can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Coforge share price<\/strong> has also been supported by demand for cloud, data and engineering work from clients in travel, banking and insurance, which are areas where the company has built deep domain skills.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coforge_vs_Persistent_Systems_and_Mphasis_3-Year_CAGR_Compared\"><\/span><strong>Coforge vs Persistent Systems and Mphasis: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 9 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (9 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Coforge<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,025.62<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,047.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.0x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Persistent Systems<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,159.85<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 6,040.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mphasis<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,193.65<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,455.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.1x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">3.8%<\/td>\n<\/tr>\n<\/table>\n<p>The Coforge stock leads the group at 25.9%, followed by Persistent Systems at 24.1% and Mphasis at 3.8%. Coforge leads the group, with Persistent Systems close behind and Mphasis a long way back. Coforge is smaller than Persistent by market cap but larger than Mphasis, so it holds the middle position on size.<\/p>\n<p>Look at the <strong>Coforge share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/persistent\/persistent-systems-ltd-share-price-today\">Persistent Systems<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,00,063 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">55.49<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.36<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">20.99%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Coforge<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 90,739 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">43.22<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.36<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">9.80%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.27<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mphasis\/mphasis-ltd-share-price-today\">Mphasis<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 46,675 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.31<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.36<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">18.55%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.30<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Persistent Systems is the largest of the group at Rs 1,00,063 crore, while the Coforge stock stands at Rs 90,739 crore, about 91% of that size. On earnings, Coforge shares trade at a P\/E of 43.22 against an industry P\/E of 19.36, a premium of about 123%, which signals that the market expects faster earnings growth. Peer multiples are Persistent Systems at 55.49 and Mphasis at 23.31.<\/p>\n<p>Return on equity is 9.80% for the Coforge stock, which ranks third among the three, and debt to equity stands at 0.27. Trailing EPS is Rs 47.39. IT valuations lean heavily on expected earnings growth, so the multiple should be read next to return on equity and the quality of the order pipeline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Coforge_Stock\"><\/span><strong>What Is Driving the Coforge Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Coforge provides IT services and digital engineering to clients in travel and hospitality, banking and financial services and insurance. Clients tend to sign multi-year contracts, which supports revenue visibility.<\/p>\n<p>The company has grown by winning larger deals and by adding capabilities in cloud, data and automation. Acquisitions have also widened its reach, although integration work can influence margins for a few quarters.<\/p>\n<p>Followers of the <strong>Coforge share price<\/strong> usually track the size of the order book, deal conversion, margins and the health of its travel and financial services clients.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Persistent Systems is a Pune-based software product engineering firm that serves banking, healthcare and technology clients. It compounded at 24.1% a year, on a market cap of Rs 1,00,063 crore and an ROE of 20.99%.<\/p>\n<p>Mphasis is a Bengaluru-based IT services company with a strong focus on banking and financial services clients. It compounded at 3.8% a year, on a market cap of Rs 46,675 crore and an ROE of 18.55%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Coforge share price<\/strong>. First, the next set of large deal announcements. Second, margin movement as acquisitions are absorbed. Third, the tone of client spending in travel and financial services.<\/p>\n<p>At a P\/E of 43, expectations are meaningful, and its ROE of 9.80% is the lowest of the three. Compare earnings growth with the multiple before drawing a conclusion.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of IT stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_IT_Stocks_Yourself\"><\/span><strong>How to Compare IT Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Coforge stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Coforge share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Coforge share price<\/strong> and compare IT stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Group_Leader_on_Returns_With_a_Moderate_ROE\"><\/span><strong>The Group Leader on Returns, With a Moderate ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Coforge share price<\/strong> compounded at 25.9% a year over three years, ahead of Persistent Systems at 24.1% and Mphasis at 3.8%. Its debt to equity of 0.27 is modest.<\/p>\n<p>Persistent Systems brings a stronger ROE, while Mphasis offers a lower multiple with a smaller return. The choice depends on whether you prioritise growth, quality or valuation.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Coforge_share_price_today\"><\/span><strong>What is the Coforge share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Coforge closed at Rs 2,047 on 9 November 2026, according to NSE data. It has a market cap of Rs 90,739 crore and a P\/E of 43.22. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Coforge_stock\"><\/span><strong>What is the 3-year CAGR of the Coforge stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Coforge delivered a price CAGR of 25.9% over three years, moving from Rs 1,025.62 on 9 November 2023 to Rs 2,047.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Coforge_better_than_Persistent_Systems\"><\/span><strong>Is Coforge better than Persistent Systems?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Coforge delivered a three-year CAGR of 25.9%, slightly ahead of Persistent Systems at 24.1%. Persistent has the higher ROE at 20.99% against 9.80% for Coforge, and a market cap of Rs 1,00,063 crore. Coforge trades at a P\/E of 43.22 against 55.49. The better choice depends on your priorities.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Coforge_do\"><\/span><strong>What does Coforge do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Coforge, earlier called NIIT Technologies, is a Noida-based IT services and digital engineering company with large clients in travel, banking and insurance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Coforge_stock_debt_free\"><\/span><strong>Is the Coforge stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Coforge stock is 0.27 and its return on equity is 9.80%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Coforge_expensive_compared_with_the_industry\"><\/span><strong>Is Coforge expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Coforge trades at a P\/E of 43.22 against an industry P\/E of 19.36. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_IT_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which IT stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Coforge delivered the highest three-year CAGR at 25.9%, followed by Persistent Systems at 24.1%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Coforge share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Coforge closed at Rs 2,047 on 9 November 2026, according to NSE data. It has a market cap of Rs 90,739 crore and a P\/E of 43.22. 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See how it compares with Persistent Systems and Mphasis on returns, valuation and ROE.<\/p>\n","protected":false},"author":35,"featured_media":343122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[1222,21791,21790,21792],"class_list":["post-343123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-coforge-share-price","tag-coforge-stock","tag-coforge-vs-persistent","tag-mid-cap-it-stocks-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343122"],"rank_math_title":["Coforge Share Price: 25.9% CAGR vs Persistent, Mphasis"],"rank_math_description":["Coforge share price compounded at 25.9% a year over 3 years. See how it compares with Persistent Systems and Mphasis on returns, valuation and ROE."],"rank_math_focus_keyword":["Coforge share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/coforge-share-price-25-9-cagr-in-3-years-as-the-noida-it-firm-pulls-ahead-of.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=343123"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343123\/revisions"}],"predecessor-version":[{"id":343124,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343123\/revisions\/343124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/343122"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=343123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=343123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=343123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}