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10 Yrs X-Ray 
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Analyst Note 
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Newgen Software Technologies Ltd (NEWGEN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540900 NSE: NEWGEN IT - Software | Small Cap | Newgen Software Tech Share Price
₹442.20 1.85 (0.42%)
As on 12-Nov'26 16:01
Newgen Software Technologies Ltd (NEWGEN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540900 NSE: NEWGEN IT - Software | Small Cap | Newgen Software Tech Share Price
₹442.20 1.85 (0.42%)
As on 12-Nov'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹6,275 Cr.
Current Price
₹442.2
52-Week Low / High
₹401 / 995
TTM EPS
₹22.4
TTM Sales
₹1,632 Cr.
Book Value per Share
₹130.1
P/E Ratio
19.68
Lower than its 5-year historical median
Industry PE
21.8
Price to Book (P/B)
3.39
Lower than its 5-year historical median
Price to Sales (P/S)
3.85
Lower than its 5-year historical median
EV/EBITDA
11.78
Lower than its 5-year historical median
Dividend Yield
1.36%
Profitability Efficiency
Return on Equity (ROE)
18.89%
Outperforms industry median
Return on Capital Employed (ROCE)
23.85%
Outperforms industry median
Return on Assets (ROA)
12.13%
Outperforms industry median
Operating Profit Margin
26.4%
Outperforms industry median
Net Profit Margin
19.09%
Outperforms industry median
Gross Profit Margin
29.7%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.84%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.86%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.65%
Asset Quality
Promoter Holding
53.45%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,711 Cr.
Equity
₹142.5 Cr.
Face Value
₹10
All Time Low / High
₹48.10 / 1795.50
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Newgen Software Technologies Ltd a good quality company?
Newgen Software Technologies Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Newgen Software Technologies Ltd performance compare with that of its Peers?
Revenue growth of Newgen Software Technologies Ltd vs industry peers?
Newgen Software Technologies Ltd revenue CAGR is 18.54%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Newgen Software Technologies Ltd?
Promoters hold 53.45% of the Newgen Software Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Newgen Software Technologies Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 9.14% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Newgen Software Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.8% | 24.5% | 26.3% | 16.7% | 28.4% | 27.8% | 24.4% | 27.8% | 29.5% | 24% | - |
| Value Creation Index ⓘ | 0.7 | 0.8 | 0.9 | 0.2 | 1.0 | 1.0 | 0.7 | 1.1 | 1.2 | 0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 383 | 460 | 552 | 577 | 610 | 711 | 888 | 1,136 | 1,354 | 1,420 | 1,447 |
| Sales YoY Gr. | - | 19.9% | 20.1% | 4.6% | 5.7% | 16.5% | 24.9% | 28% | 19.2% | 4.8% | - |
| Adj EPS ⓘ | 4 | 5.2 | 6.7 | 4.4 | 9.7 | 10.6 | 12.2 | 16.8 | 20.9 | 22.7 | 21 |
| YoY Gr. | - | 31.3% | 28.3% | -33.6% | 117.8% | 10.3% | 14.2% | 38.1% | 24.6% | 8.8% | - |
| BVPS (₹) ⓘ | 19.6 | 29.2 | 35 | 37.8 | 45.5 | 54.7 | 64.7 | 78.9 | 96.2 | 112.3 | 118.8 |
| Adj Net Profit ⓘ | 49.3 | 70.7 | 91.4 | 61.2 | 134 | 148 | 169 | 235 | 293 | 321 | 299 |
| Cash Flow from Ops. ⓘ | 33.4 | 57.1 | 88.7 | 77.8 | 215 | 137 | 93.2 | 264 | 176 | 215 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 1.2 | 0.8 | 1 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.7% | 18.4% | 17% | 4.8% | ||||
| Adj EPS ⓘ | 21.4% | 18.7% | 23.2% | 8.8% | ||||
| BVPSⓘ | 21.4% | 19.8% | 20.2% | 16.8% | ||||
| Share Price | - | 9% | -10% | -55% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21 | 21.8 | 20.7 | 12.1 | 23.1 | 21.1 | 20 | 22.7 | 22.9 | 21.1 | 18.2 |
| Op. Profit Mgn % ⓘ | 17.5 | 20.5 | 21.7 | 16.3 | 33.2 | 25.5 | 22.5 | 23.7 | 25.7 | 27.3 | 27 |
| Net Profit Mgn % ⓘ | 12.9 | 15.4 | 16.6 | 10.6 | 21.9 | 20.8 | 19.1 | 20.7 | 21.6 | 22.6 | 20.7 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 264 | 270 | 269 | 288 | 277 | 272 | 301 | 255 | 232 | 289 | 193 |
| Cash Conv. Cycle ⓘ | 154 | 126 | 117 | 122 | 95 | 67 | 71 | 69 | 57 | 59 | 153 |
Valuation of Newgen Software Tech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 427 | 512 | 621 | 661 | 673 | 779 | 974 | 1,244 | 1,487 | 1,574 |
| Operating Expenses > ⓘ + | 357 | 415 | 493 | 556 | 481 | 584 | 762 | 956 | 1,111 | 1,169 |
| Operating Profit > ⓘ | 70 | 98 | 128 | 105 | 192 | 195 | 212 | 288 | 376 | 406 |
| Operating Profit Margin (%) | 16.4% | 19.0% | 20.6% | 15.8% | 28.5% | 25.0% | 21.8% | 23.2% | 25.3% | 25.8% |
| Other Income > ⓘ + | 8 | 8 | 20 | 21 | 15 | 30 | 34 | 48 | 64 | 67 |
| Interest > ⓘ | 5 | 5 | 9 | 11 | 6 | 3 | 4 | 4 | 5 | 5 |
| Depreciation > ⓘ | 5 | 6 | 6 | 20 | 20 | 18 | 25 | 28 | 33 | 37 |
| Profit Before Tax > ⓘ | 68 | 94 | 134 | 95 | 181 | 203 | 217 | 304 | 402 | 387 |
| Tax > ⓘ | 17 | 21 | 31 | 22 | 55 | 39 | 40 | 53 | 87 | 87 |
| Profit After Tax | 51 | 73 | 102 | 73 | 126 | 164 | 177 | 252 | 315 | 301 |
| PAT Margin (%) | 12.0% | 14.2% | 16.5% | 11.0% | 18.8% | 21.1% | 18.2% | 20.2% | 21.2% | 19.1% |
| Adjusted EPS (₹) | 4.0 | 5.4 | 7.5 | 5.3 | 9.1 | 11.8 | 12.7 | 18.0 | 22.5 | 21.3 |
| Dividend Payout Ratio (%) | 18.60% | 18.60% | 20.10% | 19% | 19.20% | 19.10% | 19.70% | 22.20% | 22.20% | 28.20% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 246 | 399 | 490 | 545 | 662 | 804 | 961 | 1,179 | 1,452 | 1,731 | |
| Debt + | 68 | 63 | 68 | 75 | 0 | 4 | 2 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 18 | 23 | 22 | 28 | 23 | 36 | 35 | 48 | 50 | 55 | |
| Others Liabilities ⓘ | 71 | 192 | 260 | 321 | 270 | 413 | 522 | 561 | 728 | 941 | |
| Total Liabilities ⓘ | 404 | 676 | 839 | 968 | 955 | 1,258 | 1,521 | 1,787 | 2,231 | 2,727 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 62 | 68 | 69 | 130 | 205 | 230 | 245 | 248 | 259 | 239 | |
| CWIP ⓘ | 11 | 17 | 83 | 91 | 0 | 0 | 0 | 3 | 0 | 1 | |
| Investments ⓘ | 49 | 50 | 52 | 76 | 83 | 92 | 131 | 365 | 508 | 703 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 200 | 222 | 253 | 269 | 239 | 279 | 388 | 444 | 557 | 708 | |
| Cash Equivalents | 35 | 145 | 179 | 165 | 242 | 276 | 208 | 376 | 416 | 412 | |
| Others Assets ⓘ | 48 | 174 | 203 | 237 | 187 | 381 | 548 | 352 | 491 | 664 | |
| Total Assets ⓘ | 404 | 676 | 839 | 968 | 955 | 1,258 | 1,521 | 1,787 | 2,231 | 2,727 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 36 | 60 | 102 | 90 | 216 | 143 | 136 | 281 | 215 | 232 |
| Cash Flow From Investing Activity ⓘ + | -4 | -18 | -85 | -104 | -143 | -81 | -94 | -219 | -172 | -162 |
| Cash Flow From Financing Activity ⓘ + | -21 | 68 | -5 | -47 | -102 | -32 | -44 | -47 | -68 | -87 |
| Net Cash Flow ⓘ | 12 | 110 | 12 | -61 | -30 | 30 | -2 | 15 | -25 | -18 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 22.34 | 22.59 | 23.01 | 14.06 | 20.95 | 22.4 | 20.06 | 23.51 | 23.97 | 18.89 |
| ROCE (%) | 24.36 | 25.08 | 27.45 | 17.79 | 28.98 | 27.9 | 24.56 | 27.88 | 29.67 | 23.85 |
| Asset Turnover Ratio | 1.07 | 0.95 | 0.82 | 0.73 | 0.7 | 0.7 | 0.7 | 0.75 | 0.74 | 0.64 |
| PAT to CFO Conversion(x) | 0.71 | 0.82 | 1 | 1.23 | 1.71 | 0.87 | 0.77 | 1.12 | 0.68 | 0.77 |
| Working Capital Days | ||||||||||
| Receivable Days | 173.10 | 150.20 | 139.60 | 144.20 | 137.80 | 121.20 | 125 | 122 | 122.80 | 146.60 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
Newgen Software Technologies Ltd FAQs
The current trading price of Newgen Software Tech on 12-Nov-2026 16:01 is ₹442.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Nov-2026 the market cap of Newgen Software Tech stood at ₹6,275.4 Cr
The latest P/E ratio of Newgen Software Tech as of 11-Nov-2026 is 20.98.
The latest P/B ratio of Newgen Software Tech as of 11-Nov-2026 is 3.71.
The 52-week high of Newgen Software Tech is ₹995.0 and the 52-week low is ₹401.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Newgen Software Tech is ₹1,447 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Newgen Software Technologies Ltd is a good quality company.
The key valuation ratios of Newgen Software Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Newgen Software Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Newgen Software Technologies Ltd
Newgen Software Technologies is a provider of enterprise-wide AI-enabled unified digital transformation platform with native process automation, content services, customer engagement, intelligence and low code capabilities that drives end-to-end automation. Large enterprises globally leverage Newgen's industry recognized technologies to innovate and transform their operations, to serve their customers better and faster. Newgen focuses on delivering best-in-class platforms and solutions to its global clientele, thus facilitating their digital initiatives, streamlining operations and improving customer experiences.
With an esteemed clientele spanning India, the USA, Canada, UAE, Saudi Arabia, the UK, Philippines, Indonesia, Singapore, and Australia, the company delivers enterprise solutions tailored to diverse industry sectors. Newgen is recognized as a trusted partner for leading banks, insurance companies, healthcare organizations, government entities, telecommunications firms, shared service centres, and BPOs worldwide. Its low-code horizontal platforms support complex, industry-specific vertical solutions and use cases ranging from onboarding and service requests to lending, underwriting, and beyond.
The company was incorporated as ‘Newgen Software Technologies Private Limited’ on June 5, 1992, as a private limited company under the Companies Act, 1956 (Companies Act 1956), at New Delhi, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi (RoC). The company became a deemed public limited company in terms of Section 43(A) of the Companies Act 1956 with effect from July 1, 1997. Subsequently, pursuant to a resolution dated June 7, 2000 of its shareholders, the name was changed to ‘Newgen Software Technologies Limited’ and the company was converted to a public limited company with effect from June 13, 2000.
Business area of the company
The company is a global software company and is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to Document management to imaging. Newgen provides a complete range of software that helps automate business processes. Newgen’s solutions enable document intensive organizations/ industries such as Finance and Banking, Insurance and government departments to improve productivity through better document management and workflow implementation.
Awards and certifications
- 2014: A customer in the banking vertical won the Elets Financial Inclusion and Payments System Award 2014.
- 2015: A customer in the banking vertical won the WfMC Global Awards for Excellence in Business Process Management and Workflow 2015.
- 2015: A customer in the banking vertical won the Elets Knowledge Exchange Awards 2015.
- 2015: A customer in the banking vertical won the Asian Banker Middle East Technology Implementation Awards 2015 for Best Branch Automation.
- 2016: A customer in the banking vertical won the Asian Banker Middle East & Africa Technology Implementation Awards 2016 for “Best Branch Automation” in Africa.
- 2016: A customer in the banking vertical won the Workflow Management Coalition (WfMC) Global Awards for Excellence in Business Process Management 2016.
- 2017: A customer in the banking vertical won the Asian Banker Africa Technology Innovation Awards 2017 for Best Branch Automation.
- 2021: Newgen Cited As a “Strong Performer” in Digital Process Automation (DPA) Platforms by an Independent Research Firm.
- 2023: Newgen Recognized in 2023 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms for Third Year in a Row.
- 2023: Newgen Recognized as a Strong Performer in Analyst Report on Robotic Process Automation, Q1 2023.
- 2023: Newgen Recognized in The Low-Code Development Platforms For Professional Developers Landscape Report, Q1 2023.
- 2024: Newgen Recognized in an Analyst Report on P&C Claims Management Systems Landscape.
- 2024: Newgen Recognized in an Analyst Report on Task-Centric Automation Software Landscape.
- 2025: Newgen Recognized as a ‘Leader’ in IDC MarketScape Reports for its Intelligent CCM and Automated Document Generation CCM.
- 2025: Newgen Named a ‘Leader’ in a Content Platforms Report by an Independent Research Firm.
- 2025: Newgen named in the Professional Developers Landscape Report by an Independent Research Firm.
- 2025: Newgen Recognized in Digital Process Automation Software Landscape, Q2 2025.
- 2025: Newgen Recognized as a ‘Strong Performer’ in the Digital Process Automation Report by an Independent Research Firm.
- 2025: Newgen Recognized in the Document Mining and Analytics Platforms Landscape Report by an Independent Research Firm.
- 2026: Newgen Software Named in The Adaptive Process Orchestration Software Landscape, Q2 2026.
- 2026: Newgen Software Recognized in The AppGen and Low-Code Platforms Landscape, Q2 2026.
- 2026: Newgen Software Recognized in Accounts Payable Invoice Automation Software, Q2 2026.
- 2026: Newgen Software Named a Major Player in IDC MarketScape for National Civilian Government AI-Enabled Case Management 2026.
- 2026: Newgen Software Recognized in The Digital Process Automation Software Landscape, Q3 2026.
Major events and milestones
- 1992: Incorporated the company.
- 1997: Incorporated its wholly-owned Subsidiary, Newgen USA.
- 2000: Conversion of the company into Public Limited Company.
- 2008: Received investment from SAP AG, Germany and HAV 2 (Mauritius) Limited in the company.
- 2010: Released OmniDocs 7.0 - This version was developed with focus on stability, performance and improved manageability.
- 2011: Released RMS 2.0 - Updates focused around DoD 5015.02-STD certified RMS, enhanced record policies, search & retrieve operations.
- 2012: Incorporated its Subsidiaries, Newgen Software Technologies Canada (Newgen Canada) and Newgen Software Technologies (Newgen Singapore).
- 2013: Released ZapIn 1.2.1 - Mobile capture solution.
- 2013: Received investment from IDGVI and Ascent Capital in the company.
- 2014: Released NEMF - Newgen Enterprise Mobility Framework to rapidly create rich mobile applications.
- 2014: Released iBPS 2.1 - Updates focused around providing social, mobile and analytics capabilities.
- 2015: Incorporated its Subsidiary, Newgen Software UK.
- 2017: Released: OmniOMS 8.0 – Updates focused around end-to-end interactive and on-demand use cases, real-time communication generation from devices and business systems, multichannel distribution and HTML5 based emails.
- 2022: Thomas Cook India and SOTC Selects Newgen for Streamlining its Accounts Payable Process.
- 2022: Newgen Software Technologies Joins AWS ISV Accelerate Program.
- 2022: Newgen and Coforge Form a Global Strategic Alliance to Accelerate Digital for Organizations.
- 2023: Bank of Abyssinia Selects Newgen for Delivering Superior Customer Experience.
- 2023: Sagicor Bank Selects Newgen for Transforming Retail Loan Origination.
- 2023: MEDGULF Joins Hands with Newgen to Digitize their Motor Claims Process.
- 2023: BRAC Bank Selects Newgen to Deploy Document Management System (DMS) for Faster and Better Customer Service.
- 2023: Newgen Announces ‘Newgen OmniDocs Connector’ on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace.
- 2023: Newgen Partners with Mambu to Streamline End-to-end Lending Processes.
- 2023: Newgen Software and Finastra Forge Strategic Partnership to Transform Lending Processes.
- 2024: Masar Alnumou Finance Partners with Newgen for Personal Loan Service.
- 2024: Newgen Partners with ASEAN Business Partners to Expand its Reach in Southeast Asia.
- 2024: Newgen Launches LumYn – World’s First Gen AI-Powered Hyper-Personalization Platform for Banks.
- 2024: Centennial Bank Joins Hands with Newgen to Streamline its Online Account Opening Process.
- 2024: Newgen Software launches the world’s first low-code, end-to-end trade finance platform in the Middle East.
- 2025: Old Second National Bank Partners with Newgen to Digitize Account Opening and Maintenance.
- 2025: United Community Joins Hands with Newgen to Modernize its Customer-facing Small Business Lending.
- 2025: AJIL Financial Services Company Partners with Newgen to Digitalize Financing Operations.
- 2026: From AI Experimentation to AI Execution: Newgen Introduces the Enterprise Orchestration Layer.
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