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Newgen Software Technologies Ltd share Price Today

Company details

749.00
758.75
232.03
901.05
6M Return 42.91%
1Y Return 219.38%
Mkt Cap.(Cr) 10,521.90
Volume 31,254
Div Yield 0.33%
OI
-
OI Chg %
-
Volume 31,254

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About The Stock

    Incorporated in 1992, Newgen is a low code application development platform company. It is an established player in the market of enterprise content management (ECM), business process management (BPM) & customer communications management (CCM).

    • Annuity based revenues (SaaS + ATS/AMC + Support) comprise 61% of the revenue mix while license & others form 18.3% of the revenue mix each
    • Vertical wise, BFSI comprises 66% of revenue mix while geographical break-up has been largely equal between India, US, EMEA & APAC
Q4FY23 Results:

    Newgen reported strong revenue numbers in Q4FY23.

    • Revenue grew 31.9% YoY while SaaS revenue grew 66.6% YoY
    • The company added 11 new logos in Q4
    • Annuity revenue grew 32.4% YoY

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Research view on more stocks

IT Consulting & Software company Newgen Software Technologies announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Highlights:

  • Revenue from operations (consolidated) at Rs 324 crore as compared to Rs 255 crore in Q3FY23, up 27% Q3 YoY driven by strong growth in banking and financial services across geographies.
    • Total annuity revenue streams (ATS/AMC, support, cloud/SaaS, and subscription license) at Rs 191 crore, with strong growth in Support revenues. Subscription revenues (ATS/AMC, cloud, and subscription license) were at Rs 96 crore.
    • Revenue from implementation grew by 66% Q3 YoY to reach Rs 69 crore.
  • Profit after tax at Rs 68 crore up 45% from Rs 47 crore in Q3FY23

9MFY24 Financial Highlights:

  • Revenue from operations (consolidated) witnessed a strong growth at Rs 869 crore as compared to Rs 669 crore in 9MFY23 (up 30% YoY).
  • Profit after tax stood at Rs 146 crore in the first nine months of the year, up 51% YoY compared to Rs 97 crore in 9MFY23.
  • Net Cash from Operating activities at Rs 193 crore for 9MFY24.

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies, said, “In the nine months ending December 2023, Newgen has demonstrated strong growth in revenues led by India and EMEA. We are witnessing tremendous opportunities in the Lending and Trade Finance space. We have also maintained robust profitability and strong cash flow generation highlighting the financial strength and resilience of our operations. Through our investments in innovation, people, and customer-centric approach, we have been nurturing and expanding our existing customer relationships; along with adding 38 new logos in 9MFY24”.

“We are extremely delighted with the response our products are getting from customers across different geographies. We continue to innovate and drive over products through AI-led capabilities. With the launch of NewgenONE Marvin, we are excited to bring generative AI capabilities to our customers. NewgenONE Marvin is set to further accelerate low code capabilities with faster and smarter application development, and automation of customer journeys as well as help in building better customer engagement frameworks.” said Virender Jeet, CEO, Newgen Software.

 

 

Result PDF

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Newgen Software Technologies Ltd shares SWOT Analysis

Strengths (9)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • Highest Recovery from 52 Week Low

Threats (4)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 751.9
R2 758.5
R3 767.2
Pivot

743.23

S1 736.6
S2 727.9
S3 721.3
EMA SMA
768.0
772.9
739.1
640.0
776.2
777.0
776.5
622.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 828.5 174781 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 828.5 174781 BSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-07-20 787.77 521173 NSE
Name Category Shares
DIWAKAR NIGAM PROMOTER 22.35%
T S VARADARAJAN PROMOTER 21.4%
PRIYADARSHINI NIGAM PROMOTER 9.37%
USHA VARADARAJAN PROMOTER 1.9%

OUR RESEARCH VIEW

Investment recommendation
Call Date
03 May 2023
Entry Price 565.00
Target Price 660.00
Duration
12 Month

FINANCIALS

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Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Newgen Software Technologies Ltd Stocks COMPARISON

Financials( in Cr) Newgen Software Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 750.00 3,863.10 1,435.45 1,486.05 462.80
% Change 0.63 -0.30 -0.48 -0.04 0.15
Mcap Cr 10,521.90 1,397,703.58 595,836.20 403,264.19 241,819.39
Revenue TTM Cr 973.98 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 176.27 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 46.53 30.08 22.99 25.70 21.85
1 Year Return 219.38 21.68 17.06 40.98 22.45
ROCE 22.99 62.85 44.74 27.62 17.11
ROE 19.72 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 976.77 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84
Newgen Software Technologies Limited - Board Meeting

Apr 23, 2024 l NSE Announcement

Newgen Software Technologies to conduct board meeting

Apr 23, 2024 l BSE Announcement

Date Action Type Ratio
Jan 12, 2024 Bonus 1:1
Jun 20, 2023 Dividend 50
Jun 15, 2022 Dividend 45

Newgen Software Technologies Ltd Information

Stock PE (TTM)
46.53
Promoter Holding
55.01%
Book Value
73.8702
ROCE
22.99%
ROE
19.72%
Description
  • Newgen Software Technologies Limited is a provider of Business Process Management, Enterprise Content Management and Customer Communication Management platforms with large, mission-critical solutions deployed at world`s leading Banks, Governments, BPOs & IT Companies, insurance firms and Healthcare Organizations. Newgen Software Technologies Limited is a software products company offering a platform that enables organisations to rapidly develop powerful applications addressing their strategic business needs. The applications created on its platform enable organisations to drive digital transformation and competitive differentiation. This may include automation of routine business functions making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed. The Customers use the platform of the company to rapidly design, build and implement enterprise-grade custom applications through its intuitive, visual interface with minimal coding. The Platform comprises of: Enterprise Content Management (ECM), Business Process Management (BPM), Customer Communication Management (CCM). Being built on the same technology architecture, these suites are well-integrated and offer its customers ease of implementation and use. These suites can be deployed on-premise as well as on cloud. Increasingly, the customers are choosing to use its product suites on cloud on a subscription basis. The Company`s go-to-market strategy consists of direct sales supplemented by sales through its channel partners. Its direct sales are made by the Company in India and its Subsidiaries located in USA, UK, Singapore and Canada, through its sales and marketing teams, which, as of March 2018 comprised more than 270 employees. As of March 2018, the company has more than 300 channel partners globally. As of March 2018, the company has over 520 active customers in over 60 countries. Some of its key active customers include Trust Company of America, Mercantil Bank, ICICI Bank, Trafigura, Bajaj Electricals, United Arab Bank, National Commercial Bank Jamaica, Axis Bank, Yes Bank, Kotak Mahindra Bank, Bank Islam Brunei Darussalam, Philippines Resource Saving Bank, ICICI Prudential Life Insurance, Reliance General Insurance, Max Life Insurance, Strides Shasun and Shriram Transport Finance. The enterprise-wide, mission-critical solutions of the company have been used by some of the leading global businesses in various sectors including banking, government/PSUs, BPO/IT, insurance and healthcare. Newgen Software Technologies Limited was incorporated as a private limited company with the name Newgen Software Technologies Private Limited` on June 5, 1992. The Company became a deemed public limited company from July 1, 1997. During the year 1997, Newgen Software Inc., USA was incorporated as a wholly owned subsidiary of the company. The name of the company was changed to Newgen Software Technologies Limited` and the company was converted into a public limited company with effect from June 13, 2000. In 2008, the company received investment from SAP AG, Germany and HAV 2 (Mauritius) Limited. During the year under review, the company released OmniDocs 7.0 - This version was developed with focus on stability, performance and improved manageability. Subsequently, the company released RMS 2.0 - Updates focused around DoD 5015.02-STD certified RMS, enhanced record policies, search & retrieve operations in 2011. In the next year 2012, two subsidiary companies namely Newgen Software Technologies Canada Ltd. (`Newgen Canada`) and Newgen Software Technologies Pte. Ltd. (`Newgen Singapore`) were incorporated by the company. In 2013, the company released ZapIn 1.2.1 - Mobile capture solution and received investment from IDGVI and Ascent Capital. In 2014, the company released NEMF - Newgen Enterprise Mobility Framework to rapidly create rich mobile applications and iBPS 2.1 - Updates focused around providing social, mobile and analytics capabilities. In the year 2015, the company incorporated a subsidiary company in United Kingdom with the name `Newgen Software UK`. In 2017, the company 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. On 28/09/2017 the company filed Draft Red Herring Prospectus and on 16/01/2018 filed Red Herring Prospectus with SEBI for raising Rs. 424.62 cr. The Issue dates were from 16/01/2018 to 18/01/2018 with Price Band of Rs. 240 to Rs. 245. The Issue got subscribed 8.17 times leading to its Issue Price being fixed at Rs. 245. The Shares got listed in BSE and NSE on 29/01/2018 at Rs. 253 which is 3.27% above Issue Price. On 20 March 2018, Newgen Software Inc. (wholly owned subsidiary of Newgen Software Technologies Limited) announced the release of Mobile Medicare Enrolment (MME) solution for the US Health Plans. Built on a robust platform, Newgen Enterprise Mobility Framework (NEMF), the suite allows Health Plans to eliminate paper-based enrollments and reduce operational costs significantly. The Board of Directors of Newgen Software Technologies Limited at its meeting held on 4 June 2018 authorised Mr. Diwakar Nigam, Chairman & Managing Director and Mr. T.S. Varadarajan, Whole-time Director, severally, and other officials as may be designated by them for this purpose, to execute necessary documents for acquisition of a property at Noida-Greater Noida Expressway, Uttar Pradesh for using it as Office Premises at an aggregate consideration upto Rs 50 crore. This will be financed from net proceeds of the Initial Public Offer. The above consideration excludes transfer charges, stamp duty on registry, consultancy charges, brokerage fee and processing fee etc. On 28 June 2018, Newgen Software Technologies Limited announced that the company has received a work order for Document Management System (DMS) and digitization project of the records of District and Subordinate Courts in the State of Maharashtra on turnkey basis, subject to approval of pilot phase. This work order pertains to digitisation of Judicial Records (metadata Creation and DARIMS Pages population (Mostly legal size). Total size of work order is Rs 63.93 crore. On 7 August 2018, Newgen Software Inc. (subsidiary of Newgen Software Technologies Limited) announced that the American National Bank of Texas (ANBTX) has selected its consumer loan origination solution to digitize and automate its retail lending process. This will enable ANBTX to offer a more proactive and comprehensive end-to-end solution while delivering an enhanced customer experience. On 7 August 2018, Newgen Software Inc. (subsidiary of Newgen Software Technologies Limited) announced that Credit Union of Colorado has selected its Account Opening and Loan Origination solutions on Cloud, to streamline critical banking processes and offer personalized and enhanced services to its customers. On 19 September 2018, Newgen Software Technologies Limited announced that the company has executed an agreement with Hewlett Packard Enterprise India Private Limited for supply of software licences & related services. The size of the work order is Rs 78.85 crore (approx).

Registered Address

A-6 Satsung Vikar Marg, Qutab Institutional Area, New Delhi, New Delhi, 110067

Tel : 91-11-40770100/26963571/26964733
Email : investors:newgensoft.com
Website : https://newgensoft.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540900
NSE Code : NEWGEN
Book Closure Date (Month) :
BSE Group : A
ISIN : INE619B01017

FAQ’s on Newgen Software Technologies Ltd Shares

You can buy Newgen Software Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Newgen Software Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 24, 2024 11:39 AM the closing price of Newgen Software Technologies Ltd was ₹ 750.00.

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 Apr 24, 2024 11:39 AM, the market cap of Newgen Software Technologies Ltd stood at ₹ 10,521.90.

The latest PE ratio of Newgen Software Technologies Ltd as of Apr 24, 2024 11:39 AM is 46.53

The latest PB ratio of Newgen Software Technologies Ltd as of Apr 24, 2024 11:39 AM is 0.10

The 52-week high of Newgen Software Technologies Ltd share price is ₹ 901.05 while the 52-week low is ₹ 232.03

According to analyst recommendations, Newgen Software Technologies Ltd Share has a “Buy” rating for the long term.

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