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Newgen Software Technologies Ltd share Price

Company details

6M Return 20.83%
1Y Return -13.96%
Mkt Cap.(Cr) 3,086.11
Volume 5,212
Div Yield 1.00%
OI Chg %
Volume 5,212

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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) comprises 59% of revenue mix while license & others form 20.7% revenue mix each
    • Vertical wise BFSI comprises 66% of revenue mix while geographical split has been largely equal between India, US, EMEA & APAC

Q1FY23 Results

    Newgen reported seasonally weak quarter results

    • Reported Revenue of ₹ 187.9 crore, up by 17.8% YoY
    • EBITDA margin grew by ~400 bps YoY to 10.3%
    • Company added 6 new logos in the quarter

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Newgen Software Technologies Ltd.

Q3FY23 Quarterly Result Announced for Newgen Software Technologies Ltd.

Newgen Software Technologies announced Q3FY23 results:

  • Q3FY23:
    • Revenue from operations (consolidated) witnessed a strong growth at Rs 255 crore as compared to Rs 203 crore in Q3 FY’22 (up 26% YoY).
      • Subscription revenues (ATS/AMC and cloud) stood at Rs 84 crore, up 37% YoY. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS) were at Rs 154 crore, up 38% YoY.
      • Revenue from the sale of products/licenses was at Rs 58 crore
    • Profit after tax stood at Rs 48 crore in Q3 FY’23.
  • 9MFY23:
    • Revenue from operations (consolidated) witnessed a strong growth at Rs 669 crore as compared to Rs 548 crore in 9M FY’22 (up 22% YoY).
    • Profit after tax stood at Rs 98 crore in the first nine months of the year

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd, said – “We are happy to share that we have made good progress and delivered strong performance across key business metrics. This is our first quarter with revenues exceeding Rs 250 crores. We witnessed broad-based growth across all geographies, with overall Q3 revenue growth of 26% YoY. India and EMEA geographies continued to be major growth drivers with revenue growth of 40% and 27% respectively. The subscription revenues had been growing steadily at a healthy pace of 38% YoY. We closed significant cloud/ subscription license projects during the quarter.”

“Overall, in the first 9 months of the year, we clocked in revenues of Rs 669 crores, indicating a 22% growth YoY. We witnessed 36 new logo wins in the 9-month period with Q3 clocking 16 new logo wins spread across geographies. This shows strong customer sentiment for enterprise-wide automation using NewgenONE low code digital transformation platform,” said Virender Jeet, CEO, Newgen Software."

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Investment recommendation

Call Date

18 Jan 2023

Entry Price


Target Price



12-18 Month



Operating Profit

Profit after Tax


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Operating Profit

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Newgen Software Technologies Ltd Stocks COMPARISION


Equity Capital: 811.40 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,685.54 2,803.96
LAST 3M 37,008.78 -10,423.44
LAST 6M 71,048.89 6,388.10
LAST 12M 156,597.56 -39,641.53

Newgen Software Technologies Ltd Information

Stock PE (TTM)


Promoter Holding


Book Value







  • 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 : corpmktg:newgensoft.com
Website : http://www.newgensoft.com


KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540900
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 Mar 23, 2023 04:01 PM the closing price of Newgen Software Technologies Ltd was ₹ 441.15.

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 Mar 23, 2023 04:01 PM, the market cap of Newgen Software Technologies Ltd stood at ₹ 3,086.11.

The latest PE ratio of Newgen Software Technologies Ltd as of Mar 23, 2023 04:01 PM is 19.98

The latest PB ratio of Newgen Software Technologies Ltd as of Mar 23, 2023 04:01 PM is 0.27

The 52-week high of Newgen Software Technologies Ltd is ₹ 522.30 while the 52-week low is ₹ 320.85

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

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