Newgen Software Tech

₹1077.5 17.8 | 1.7%

WEBSITE BSE:540900 NSE : NEWGEN 26 Jul, 16:01

Market Cap ₹15116 Cr.

Stock P/E 56.0

P/B 12.3

Current Price ₹1077.5

Book Value ₹ 87.5

Face Value 10

52W High ₹1156.2

Dividend Yield 0.37%

52W Low ₹ 394.4

Edit Ratio

Newgen Software Tech Research see more...

Newgen Software Technologies Ltd

EQUITY RESEARCH REPORT: NEWGEN SOFTWARE

Overview Inc. Year: 1992Industry: IT - Software

Newgen Software Technologies Ltd, a software organization, offers software merchandise and solutions in India, Europe, the Middle East, Africa, the Asia Pacific, and America. The organization offers corporation content management software, which manages the end-to-end lifecycle of corporation content from origination to disposition; enterprise system management software program to streamline corporation-wide workflows with technique automation suite; and customer communication control software delivers communications by tapping diverse cross-sell/up-sell possibilities across touch factors, which includes e mail, SMS, web, and print. It serves numerous industries, which comprises financial establishments, coverage, healthcare, authorities, telecom, shared services, business process outsourcing, and different industries. The enterprise was founded in 1992 and is based in New Delhi, India.

Newgen Software Tech Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Newgen Software Tech Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	231	188	226	255	305	252	293	324	375	315
Other Income	5	10	7	9	8	13	9	11	15	23
Total Income	237	198	233	264	313	264	303	335	390	337
Total Expenditure	164	169	189	196	209	220	236	247	253	267
Operating Profit	73	29	44	68	104	45	67	88	138	70
Interest	2	1	1	1	1	1	1	1	1	1
Depreciation	5	6	6	6	7	7	7	7	7	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	66	23	37	61	96	37	59	80	129	61
Provision for Tax	9	4	7	14	16	6	11	12	24	14
Profit After Tax	57	19	30	47	80	30	48	68	105	48
Adjustments	0	0	-0	0	0	-0	0	0	0	0
Profit After Adjustments	57	19	30	47	80	30	48	68	105	48
Adjusted Earnings Per Share	4.1	1.4	2.2	3.4	5.7	2.2	3.4	4.9	7.5	3.4

Newgen Software Tech Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	310	347	427	512	621	661	673	779	974	1244	1307
Other Income	8	3	8	8	20	21	15	30	34	48	58
Total Income	318	350	435	520	641	682	688	809	1008	1292	1365
Total Expenditure	251	307	357	415	493	556	481	584	762	956	1003
Operating Profit	67	43	78	105	148	126	207	225	246	336	363
Interest	2	3	5	5	9	11	6	3	4	4	4
Depreciation	4	4	5	6	6	20	20	18	25	28	29
Exceptional Income / Expenses	6	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	66	35	68	94	134	95	181	203	217	304	329
Provision for Tax	13	6	17	21	31	22	55	39	40	53	61
Profit After Tax	53	29	51	73	102	73	126	164	177	252	269
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	53	29	51	73	102	73	126	164	177	252	269
Adjusted Earnings Per Share	4.9	2.6	4	5.4	7.5	5.3	9.1	11.8	12.7	18	19.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	23%	15%	0%
Operating Profit CAGR	37%	18%	18%	0%
PAT CAGR	42%	26%	20%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	159%	51%	49%	NA%
ROE Average	24%	22%	20%	21%
ROCE Average	28%	27%	25%	25%

Newgen Software Tech Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	201	224	250	405	497	549	666	811	983	1224
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	16	13	0	0	0	4	2	0
Other Non-Current Liabilities	3	16	-9	84	126	144	77	177	216	149
Total Current Liabilities	127	156	147	174	216	276	212	265	320	415
Total Liabilities	331	396	404	676	839	968	955	1258	1521	1787
Fixed Assets	23	57	62	68	69	130	205	230	245	248
Other Non-Current Assets	14	20	25	128	216	235	101	255	425	198
Total Current Assets	294	319	317	480	554	603	649	773	851	1341
Total Assets	331	396	404	676	839	968	955	1258	1521	1787

Newgen Software Tech Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	24	19	24	35	145	158	100	72	104	108
Cash Flow from Operating Activities	9	11	36	60	102	90	216	143	136	281
Cash Flow from Investing Activities	-9	-6	-4	-18	-85	-104	-143	-81	-94	-219
Cash Flow from Financing Activities	-5	-0	-21	68	-5	-47	-102	-32	-44	-47
Net Cash Inflow / Outflow	-5	5	12	110	12	-61	-30	30	-2	15
Closing Cash & Cash Equivalent	19	24	35	145	158	100	72	104	108	125

Newgen Software Tech Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	4.85	2.62	4.04	5.37	7.47	5.26	9.12	11.81	12.71	18
CEPS(Rs)	5.41	3.13	4.51	5.8	7.9	6.7	10.58	13.07	14.48	20
DPS(Rs)	1.5	1	1.5	2	3	2	3.5	2.25	2.5	4
Book NAV/Share(Rs)	18.05	20.2	19.77	29.39	35.75	39.44	47.78	57.79	68.99	84.35
Core EBITDA Margin(%)	18.97	11.46	16.44	19.03	20.58	15.83	28.53	24.99	21.79	23.18
EBIT Margin(%)	21.94	11.03	17.23	19.39	22.9	15.99	27.77	26.57	22.75	24.8
Pre Tax Margin(%)	21.35	10.02	16	18.37	21.52	14.34	26.93	26.12	22.31	24.46
PAT Margin (%)	17.02	8.28	12.02	14.22	16.47	11.01	18.8	21.08	18.17	20.23
Cash Profit Margin (%)	18.43	9.54	13.17	15.36	17.43	14.02	21.8	23.34	20.71	22.48
ROA(%)	15.96	7.91	12.84	13.5	13.49	8.05	13.15	14.84	12.74	15.21
ROE(%)	27.69	14.23	22.34	22.59	23.01	14.06	20.95	22.4	20.06	23.51
ROCE(%)	27.7	14.49	24.36	25.08	27.45	17.79	28.98	27.9	24.56	27.88
Receivable days	207.33	200.81	173.09	150.15	139.59	144.2	137.82	121.22	124.99	122.03
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	21.58	22.03	9.75	15.52	19.73	17.73	44.14
Price/Book(x)	0	0	0	3.94	4.6	1.3	2.96	4.03	3.27	9.42
Dividend Yield(%)	0	0	0	0.86	0.91	1.95	1.24	0.97	1.11	0.5
EV/Net Sales(x)	0.29	0.28	0.23	2.91	3.45	0.94	2.56	3.81	3.01	8.63
EV/Core EBITDA(x)	1.34	2.31	1.26	14.2	14.45	4.93	8.32	13.22	11.92	31.91
Net Sales Growth(%)	0	11.88	23.15	19.98	21.12	6.46	1.8	15.81	25.04	27.71
EBIT Growth(%)	0	-43.76	92.34	35.02	43.07	-25.66	76.8	10.79	7.05	39.22
PAT Growth(%)	0	-45.53	78.67	42	40.23	-28.84	73.9	29.83	7.79	42.14
EPS Growth(%)	0	-45.94	53.89	33.03	39.06	-29.49	73.35	29.4	7.61	41.67
Debt/Equity(x)	0.22	0.26	0.29	0.16	0.14	0.14	0	0.01	0	0
Current Ratio(x)	2.31	2.05	2.16	2.76	2.56	2.19	3.06	2.91	2.66	3.23
Quick Ratio(x)	2.31	2.05	2.16	2.76	2.56	2.19	3.06	2.91	2.66	3.23
Interest Cover(x)	37.33	10.96	14	19.08	16.64	9.68	33.2	59.27	52.11	73.75
Total Debt/Mcap(x)	0	0	0	0.04	0.03	0.1	0	0	0	0

Newgen Software Tech Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	55.16	55.16	55.16	55.16	55.16	55.16	55.16	55.07	55.01	54.3
FII	15.71	14.75	15.62	13.18	13.99	15.34	15.92	15.22	16.4	17.84
DII	7.48	6.8	6.07	8.05	8.18	8.22	9.23	9.73	9.71	9.96
Public	21.65	23.29	23.15	23.61	22.68	21.28	19.69	19.98	18.88	17.9
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	3.86	3.86	3.86	3.86	3.86	3.86	3.86	3.86	7.72	7.62
FII	1.1	1.03	1.09	0.92	0.98	1.07	1.11	1.07	2.3	2.5
DII	0.52	0.48	0.42	0.56	0.57	0.58	0.65	0.68	1.36	1.4
Public	1.51	1.63	1.62	1.65	1.59	1.49	1.38	1.4	2.65	2.51
Others	0	0	0	0	0	0	0	0	0	0
Total	7	7	7	7	7	7	7	7.01	14.03	14.03

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 12.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.