MarketFriction

Newgen Software Technologies Ltd

NSE NEWGEN · BSE 540900 · Computers - Software & Consulting
₹456.35 -2.46%
NSE close2026-10-01
52 week range401.05 - 1,041.95
Market cap₹6,741 Cr.
P/E19.7
IPO 2018 · +273% since Microcap 250 Price band 20% Delivery 39.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales293324375315361381430321401400453357
Expenses236247253267278273293276298294301301
Operating Profit577712348831081374510210615256
OPM %20%24%33%15%23%28%32%14%26%27%34%16%
Other Income9111523198142913-15-436
Interest111111111211
Depreciation777889999999
Profit before tax59801296193107141641058013882
Tax %18%15%18%23%24%17%23%22%22%22%23%23%
Net Profit486810548708910850826310663
EPS in Rs3.414.887.503.395.016.347.653.515.774.417.474.41
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3474275126216616737799741,2441,4871,5741,610
Expenses3073574154935564805847629561,1111,1691,194
Operating Profit397098128105192195212288376406417
OPM %11%16%19%21%16%29%25%22%23%25%26%26%
Other Income388202115303448642430
Interest4559116344555
Depreciation45662020182528333737
Profit before tax34689413495181203217304402387405
Tax %19%25%23%23%23%30%19%19%17%22%22%
Net Profit28517310273126164177252315301314
EPS in Rs2.583.995.267.345.209.0311.7312.6417.9322.2621.1222.06
Dividend Payout %29%18%19%20%19%19%19%20%22%22%28%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%19%17%8%
Compounded Profit Growth28%21%22%8%
Stock Price CAGR%10%2%-47%
Return on Equity21%21%21%20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital535362686869697070140140141
Reserves1481661883374284805967429131,0841,3761,636
Borrowings556971666876202843495339
Other Liabilities68101106138177245235264319414475626
Total Liabilities3243894276097428719211,1031,3451,6862,0452,442
Fixed Assets2357626869130205230245248259239
CWIP5611178391000301
Investments6045495052768392131365508703
Other Assets2362813064745395746327819691,0701,2781,499
Total Assets3243894276097428719211,1031,3451,6862,0452,442
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity911366010290216143136281215232
Cash from Investing Activity-9-6-5-17-85-100-142-79-88-217-168-145
Cash from Financing Activity-6-1-2168-5-47-102-32-44-47-68-87
Net Cash Flow-651111112-58-2832417-21-0
Free Cash Flow-1-1129413046204130120268192223
CFO/OP38%70%75%84%100%117%129%98%83%117%76%86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days208216171158149149129131145130137164
Inventory Days
Days Payable
Cash Conversion Cycle208216171158149149129131145130137164
Working Capital Days10410874796347616572547281
ROCE %14%22%25%27%18%28%27%24%27%28%25%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.16%55.07%55.01%54.30%54.30%54.30%53.78%53.78%53.76%53.52%53.52%53.45%
FIIs15.92%15.22%16.41%17.85%19.97%20.31%19.36%19.14%17.62%17.34%14.48%13.78%
DIIs9.23%9.73%9.71%9.96%8.93%9.10%9.13%9.46%9.58%9.68%8.85%8.15%
Public19.37%19.54%18.53%17.59%16.52%16.06%16.72%16.77%18.33%18.39%22.34%23.88%
Others0.31%0.43%0.37%0.30%0.26%0.25%1.00%0.85%0.70%1.07%0.81%0.74%
No. of Shareholders89,18199,3061,13,5941,11,1351,12,5421,26,4101,49,2971,47,4521,65,7721,63,9171,93,6802,00,312

Fundamentals

Market Cap₹ 6,741 Cr.
Current Price₹ 473
Stock P/E19.7
Book Value₹ 125
ROCE25.0 %
ROE19.6 %
Dividend Yield1.27 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)8%
Consolidated figures.
Valuation
Market capRs 6,442 Cr
Enterprise valueRs 6,070 Cr
P/E (TTM)20.54x
Price to book3.62x
Price to sales4.00x
EV / EBITDA13.57x
EV / EBIT14.79x
EV / sales3.77x
Price to cash flow27.78x
Earnings yield4.87%
Dividend yield1.31%
P/E, 3-year average35.79x
P/B, 3-year average7.16x
P/E, 5-year average25.22x
P/B, 5-year average5.02x
Profitability
Operating margin (excl. other income)25.77%
Operating margin (incl. other income)27.27%
EBITDA margin27.77%
Pre-tax margin25.17%
Net profit margin19.48%
Net margin, latest quarter17.61%
ROE18.25%
ROCE23.19%
ROA13.40%
ROE, 3-year average21.36%
ROCE, 3-year average26.22%
ROA, 3-year average15.63%
ROE, 5-year average21.21%
ROCE, 5-year average25.91%
ROA, 5-year average15.52%
ROIC (approx.)22.67%
Tax rate22.39%
Other income / net worth1.33%
Growth
Sales growth (latest year)5.89%
Profit growth (latest year)-4.65%
Sales CAGR, 3 years17.36%
Sales CAGR, 5 years18.54%
Profit CAGR, 3 years19.30%
Profit CAGR, 5 years18.90%
Sales growth QoQ-21.21%
Profit growth QoQ-40.90%
Sales growth YoY (latest quarter)11.23%
Profit growth YoY (latest quarter)26.35%
Per share
EPS (TTM)Rs 22.22
EPS (latest year)Rs 21.29
EPS (latest quarter)Rs 4.45
EPS, 3-year averageRs 20.59
EPS, 5-year averageRs 22.16
Book value per shareRs 125.91
Sales per shareRs 114.09
Cash flow per shareRs 16.43
Free cash flow per shareRs 15.80
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 4.90
Dividends
Dividend payout28.18%
Dividend payout, 3-year average24.21%
Dividend payout, 5-year average22.27%
Efficiency
Asset turnover0.64x
Fixed asset turnover6.59x
Debtor days164 days
Debtors turnover2.22x
Cash conversion cycle164 days
Working capital days81 days
Leverage
Total debtRs 39 Cr
Cash and bankRs 412 Cr
Net debtRs -372 Cr
Debt to equity0.02x
Net debt / EBITDA-0.83x
Interest coverage80.32x
Current ratio (filing 2026-03-31)3.70x
Quick ratio (filing 2026-03-31)3.70x
Trade payables (filing 2026-03-31)Rs 55 Cr
Owners' fund to total sources72.77%
Debt to assets1.61%
Cash flow
Cash from Operating Activity (latest year)Rs 232 Cr
Cash from Investing Activity (latest year)Rs -145 Cr
Cash from Financing Activity (latest year)Rs -87 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 223 Cr
FCFE (approx.: FCF + change in debt)Rs 209 Cr
Cash from ops / profit, 5 years0.83x
Sales to cash flow6.79x
Statement figures
Net sales (TTM)Rs 1,610 Cr
Net sales (latest year)Rs 1,574 Cr
Sales (latest quarter)Rs 357 Cr
Operating profit excl. other income (latest year)Rs 406 Cr
Operating profit (latest quarter)Rs 56 Cr
Other income (TTM)Rs 30 Cr
EBITDA (TTM)Rs 447 Cr
PBDT (TTM)Rs 442 Cr
Profit before tax (TTM)Rs 405 Cr
Tax (latest year)Rs 87 Cr
Net profit (TTM)Rs 314 Cr
Net profit (latest year)Rs 301 Cr
Net profit (latest quarter)Rs 63 Cr
Depreciation (TTM)Rs 37 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 89 Cr
Total expenditure (latest year)Rs 1,169 Cr
Total income (latest year)Rs 1,598 Cr
Share capitalRs 141 Cr
ReservesRs 1,636 Cr
Shareholders' fundsRs 1,777 Cr
Total assetsRs 2,442 Cr
Net blockRs 239 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 703 Cr
ReceivablesRs 708 Cr
Other liabilitiesRs 626 Cr
Shares outstanding (crore)14.12
Ownership
Promoter holding53.45% (-0.33 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.5 is at the 23th percentile of its own 8.8-year range (median 27.9, low 7.3, high 95.5).
P/B 3.62 is at the 21th percentile (median 4.96).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNEWGENNifty 50Difference
1 week-7.5%-2.8% -4.8 pts
1 month-14.2%-6.8% -7.4 pts
3 months-5.3%-7.6% +2.3 pts
6 months+13.4%+0.4% +13.0 pts
1 year-49.8%-9.9% -39.9 pts
2 years-65.7%-13.6% -52.1 pts
3 years+1.4%+14.2% -12.8 pts
5 years+56.5%+27.9% +28.6 pts
47 mutual fund schemes hold about ₹188 Cr. Over three months 40 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
UTI Small Cap Fund0.90%47 +13%
Tata Digital India Fund0.33%34 +6%
Quant Small Cap Fund0.07%27 +8%
UTI Innovation Fund2.82%22 +17%
WOC Flexi Cap Fund0.12%11 +6%
JM Small Cap Fund1.03%10 +95%
WOC Digital Bharat Fund1.13%6 -3%
Nippon India Nifty Smallcap 250 Index Fund0.15%5 +15%
WOC Mid Cap Fund0.07%5 -3%
WOC Multi Cap Fund0.10%4 +4%
SBI Nifty Smallcap 250 Index Fund0.15%3 +14%
Motilal Oswal Nifty Smallcap 250 Index Fund0.15%2 +14%
WOC Quality Equity Fund0.30%2 +19%
ICICI Pru Nifty Smallcap 250 Index Fund0.15%1 +15%
HDFC NIFTY Smallcap 250 Index Fund0.15%1 +15%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 -0%
WOC Balanced Advantage Fund0.04%1 +14%
WOC Multi Asset Allocation Fund0.01%1 +6%
WOC ELSS Tax Saver Fund0.17%1 +10%
JioBlackRock Nifty Smallcap 250 Index Fund0.15%1 +15%
Motilal Oswal Nifty 500 Index Fund0.02%1 +20%
Edelweiss Nifty Smallcap 250 Index Fund0.15%0 +15%
HDFC Nifty India Digital Index Fund0.18%0 +2%
Groww Nifty Smallcap 250 Index Fund0.15%0 +14%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.04%0 +14%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹357 Cr +11.2% vs Jun 2025. Net profit ₹63 Cr +26.0%.
Against our estimate for Jun 2026: sales +5.7%, profit +3.1% in line. Our estimate for Sep 2026: sales Rs 434 Cr, profit Rs 83 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 6 Per Share
2025-07-18Annual General Meeting/Dividend - Rs 5 Per Share
2024-07-18Annual General Meeting/Dividend - Rs 4 Per Share
2024-01-12Bonus 1:10.5000
2023-06-20Annual General Meeting/Dividend - Rs 5 Per Share
2022-06-15Annual General Meeting/Dividend - Rs 4.5 Per Share
2021-07-15 Annual General Meeting/Dividend - Rs 3.50 Per Share
2020-07-20 Annual General Meeting/Dividend - Rs 2 Per Share
2019-08-01 Annual General Meeting/Dividend Rs 3 Per Share
2018-08-01 Annual General Meeting / Dividend- Rs 2 Per Share
DateTypeWhat it says
2026-09-28Order winNewgen Software Inc. (NSI), incorporated in the USA, a material Subsidiary of the Newgen Software Technologies Limited ( the Company ), has executed a...
2026-09-21Order winAn agreement entered with a customer situated in Qatar for Newgen Platform License, implementation, maintenance and support
2026-09-03Credit Rating- NewCredit Rating- New
2026-08-30Volume querySignificant increase in volume has been observed in Newgen Software Technologies Limited. The Exchange, in order to ensure that investors have latest ...
2026-08-28Volume querySignificant increase in volume has been observed in Newgen Software Technologies Limited. The Exchange, in order to ensure that investors have latest ...
2026-08-24Concall / analyst meetSchedule of meet
2026-08-04Concall / analyst meetSchedule of meet Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that...
2026-07-25Shareholder meetingVoting results.
2026-07-24Shareholder meetingProceedings of Annual General Meeting held on July 24, 2026
2026-07-21Concall / analyst meetTranscript
2026-07-16Concall / analyst meetLink of Recording
2026-07-16Press ReleaseA press release dated July 16, 2026, titled "Financial Results for the quarter ended 30th June 2026".
2026-07-16Investor PresentationInvestor Presentation
2026-07-16General UpdatesAuthorization Of Key Managerial Personnel To Determine Materiality Of Events Or Information
2026-07-16Board meeting outcomeNewgen Software Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-13Concall / analyst meetSchedule of meet
2026-07-02AppointmentAppointment of Mr. Tarun Nandwani as Chief Executive Officer and Key Managerial Personnel (KMP) of the Company for a period of 18 (eighteen) months, ...
2026-07-02Board meeting outcomeOutcome of Board Meeting held on July 02, 2026.
2026-06-30Order winBagging/Receiving of orders/contracts
2026-06-30Order winBagging/Receiving of orders/contracts
2026-06-30Disclosure under SEBI TakeovDiwakar Nigam has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-06-30General UpdatesIndisposition and Unavailability of the Chairman & Managing Director
2026-06-29Order winBagging/Receiving of orders/contracts
2026-06-29General UpdatesLetter sent to Members providing web link of Annual Report for the financial year 2025-26.
2026-06-29UpdatesAbout Business Responsibility and Sustainability Reporting (BRSR) for the Financial Year 2025-26
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Newgen Software Technologies Ltd?

Newgen Software Technologies Ltd (NEWGEN) has a market capitalisation of Rs 6,741 Cr. at the 2026-10-01 close.

What is the P/E ratio of Newgen Software Technologies Ltd?

Newgen Software Technologies Ltd trades at a P/E of 19.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Newgen Software Technologies Ltd's latest quarterly results?

In the Jun 2026 quarter, Newgen Software Technologies Ltd sales was Rs 357 Cr (+11.2% vs Jun 2025) and net profit was Rs 63 Cr.

What is the 52-week high and low of Newgen Software Technologies Ltd?

The 52-week high is Rs 1,041.95 and the 52-week low is Rs 401.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03