Coforge vs Hexaware Technologies: Share Price, Comparison and Key Differences

Coforge MCap Rs 78,831 Cr, PE 41.06x, ROE 16.31%, D/E 0.08. Hexaware Technologies MCap Rs 33,985 Cr, PE 25.30x, ROE 20.02%, D/E 0.10, Div 2.06%.

Updated: 10 Aug 2026 • 3:06 pm

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Coforge vs Hexaware Technologies: Share Price, Comparison and Key Differences

Coforge vs Hexaware Technologies is a comparison mid-to-large IT services investors look up when evaluating two listed Indian technology services companies with differentiated domain positions. Coforge, formerly NIIT Technologies, is a Noida-based IT services firm focused on travel, BFSI, insurance and government verticals. Hexaware Technologies, listed in 2024 after being taken private in 2020 and re-listed, is a digital and AI-led services company with a strong BFSI, healthcare and travel client base backed by Carlyle Group.

This Coforge vs Hexaware Technologies article covers reach and market position, key products, latest declared results and stock valuation. The Coforge vs Hexaware Technologies data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Coforge vs Hexaware Technologies: Reach and Market Position

On the Coforge side of the Coforge vs Hexaware Technologies comparison, Coforge serves global insurance, travel, BFSI and government clients from its North American, European and Australian delivery centres. Market capitalisation is Rs 78,831 Cr.

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On the Hexaware Technologies side of the Coforge vs Hexaware Technologies comparison, Hexaware Technologies serves BFSI, healthcare, manufacturing, professional services and travel clients globally. It is strong in digital transformation, automation and AI-driven delivery. Market capitalisation is Rs 33,985 Cr.

Coforge vs Hexaware Technologies: Key Products and Business Mix

In the Coforge vs Hexaware Technologies product comparison, Coforge offers: Coforge earns from IT services in insurance, travel technology, government and BFSI. EPS is Rs 43.35. PE is 41.06x, ROE 16.31 percent, D/E 0.08.

For Hexaware Technologies in this Coforge vs Hexaware Technologies breakdown: Hexaware earns from digital, cloud, data, AI and ERP services. EPS is Rs 21.98. PE is 25.30x, ROE 20.02 percent, D/E 0.10, Div 2.06 percent.

Coforge vs Hexaware Technologies: Latest Results

The Coforge vs Hexaware Technologies results for Coforge: Coforge has a market cap of Rs 78,831 Cr and PE of 41.06x. ROE is 16.31 percent. Coforge is 2.3 times larger than Hexaware by market cap and commands a premium PE in part for its insurance technology depth.

The Coforge vs Hexaware Technologies results for Hexaware Technologies: Hexaware Technologies has a market cap of Rs 33,985 Cr and PE of 25.30x. ROE is 20.02 percent – above Coforge. Hexaware is cheaper on PE with a higher ROE and pays a dividend of 2.06 percent yield.

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Coforge vs Hexaware Technologies: Stock and Valuation

The Coforge vs Hexaware Technologies stock comparison uses the latest available market data from Groww. Investors tracking Coforge vs Hexaware Technologies should verify current prices on NSE or BSE before trading.

Coforge vs Hexaware Technologies at current valuations: Coforge trades at Rs 78,831 Cr market cap, PE 41.06x, ROE 16.31 percent. Hexaware trades at Rs 33,985 Cr market cap, PE 25.30x, ROE 20.02 percent, Div 2.06 percent. Hexaware is more attractively priced on PE with a higher current ROE.

Coforge vs Hexaware Technologies: Quick Comparison Table

The Coforge vs Hexaware Technologies comparison table below summarises the key metrics covered in this article side by side.

Parameter	Coforge	Hexaware Technologies
Sector	IT services: insurance, travel, BFSI, government	IT services: BFSI, healthcare, manufacturing, travel
Market Cap	Rs 78,831 Cr	Rs 33,985 Cr
P/E Ratio	41.06x	25.30x
ROE	16.31%	20.02%
Debt to Equity	0.08	0.10
Dividend	0.67% yield	2.06% yield
Background	Formerly NIIT Technologies	Re-listed in 2024 post Carlyle ownership

Conclusion

The Coforge vs Hexaware Technologies comparison above covers the key data points on reach, products, results and valuation. Coforge vs Hexaware Technologies covers two mid-large IT services companies with overlapping BFSI and travel client bases. Coforge has deeper insurance technology specialisation and a larger current scale. Hexaware has a higher ROE and a lower PE, reflecting its AI-native delivery approach and Carlyle backing. Coforge vs Hexaware Technologies investors should review deal TCV, attrition, margin trajectory and vertical-level growth rate. Coforge vs Hexaware Technologies comparisons matter as both serve similar BFSI and travel client segments with different delivery models. Coforge vs Hexaware Technologies are credible mid-large IT investments with strong digital transformation exposure. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. 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).

Frequently Asked Questions

What does Coforge do?

Ans. Coforge (formerly NIIT Technologies) provides IT services in insurance technology, travel portals, BFSI digital transformation and government systems. It is known for deep domain partnerships in insurance workflow systems.

What does Hexaware Technologies do?

Ans. Hexaware provides digital, cloud, data analytics, AI automation and ERP implementation services to BFSI, healthcare, manufacturing and travel clients globally. It is known for AI-led digital transformation.

What happened to Hexaware before its 2024 listing?

Ans. Hexaware Technologies was taken private by Carlyle Group in 2020 and de-listed from Indian exchanges. It was re-listed in 2024 through an IPO.

Which has a higher ROE, Coforge or Hexaware?

Ans. Hexaware has a higher ROE of 20.02 percent versus Coforge at 16.31 percent.

Does Hexaware pay dividends?

Ans. Yes. Hexaware pays a dividend yield of approximately 2.06 percent.

Are Coforge and Hexaware in Nifty 50?

Ans. Neither is in Nifty 50. Coforge is tracked in Nifty IT and Nifty 200 indices. Hexaware is tracked in broader indices post its 2024 listing.

What is insurance technology in IT services?

Ans. Insurance technology (InsurTech) services involve building and maintaining core insurance systems – policy administration, claims management, underwriting automation and digital distribution platforms. Coforge has deep expertise in this area.