Newgen Software Technologies Ltd

Newgen Software Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Newgen Software Technologies Ltd

₹ 956 1.19%
14 May 4:01 p.m.
newgensoft.com BSE: 540900 NSE: NEWGEN
About

Newgen Software Technologies 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.

Key Points

Revenue Streams
1. Annuity-based revenue: The Co. receives recurring fees/charges from the following:
a. SaaS: subscription fees for licenses in relation to platform deployed on cloud; on-premise subscription
b. ATS/AMC: charges for annual technical support and maintenance (including updates) of licenses, and installation [1]
c. Support: charges for support and development services
2. Sale of software products: one-time upfront license fees in relation to the platform deployed on-premise
3. Sale of services: milestone-based charges for implementation and development, and charges for scanning services [2]

Website BSE NSE
  • Market Cap ₹ 13,405 Cr.
  • Current Price ₹ 956
  • High / Low ₹ 1,058 / 287
  • Stock P/E 53.3
  • Book Value ₹ 87.2
  • Dividend Yield 0.26 %
  • ROCE 26.9 %
  • ROE 22.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 19.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.4%

Cons

  • Stock is trading at 10.8 times its book value
  • Promoter holding has decreased over last 3 years: -10.7%
  • Working capital days have increased from 104 days to 166 days

* 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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
200 160 186 203 231 188 226 255 305 252 293 324 375
134 137 139 145 164 169 189 196 209 220 236 247 253
Operating Profit 66 23 47 58 67 19 38 59 96 32 57 77 123
OPM % 33% 14% 25% 29% 29% 10% 17% 23% 32% 13% 19% 24% 33%
5 11 7 7 5 10 7 9 8 13 9 11 15
Interest 1 1 1 1 2 1 1 1 1 1 1 1 1
Depreciation 5 4 4 4 5 6 6 6 7 7 7 7 7
Profit before tax 65 29 49 60 66 23 37 61 96 37 59 80 129
Tax % 19% 24% 23% 20% 13% 16% 19% 23% 17% 18% 18% 15% 18%
53 22 37 48 57 19 30 47 80 30 48 68 105
EPS in Rs 3.77 1.54 2.67 3.42 4.10 1.37 2.14 3.38 5.71 2.16 3.41 4.88 7.50
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
308 347 427 512 621 661 673 779 974 1,244
251 307 357 415 493 556 480 584 762 956
Operating Profit 58 39 70 98 128 105 192 195 212 288
OPM % 19% 11% 16% 19% 21% 16% 29% 25% 22% 23%
8 3 8 8 20 21 15 30 34 48
Interest 2 4 5 5 9 11 6 3 4 4
Depreciation 4 4 5 6 6 20 20 18 25 28
Profit before tax 59 34 68 94 134 95 181 203 217 304
Tax % 21% 19% 25% 23% 23% 23% 30% 19% 19% 17%
46 28 51 73 102 73 126 164 176 252
EPS in Rs 4.29 2.58 3.99 5.26 7.34 5.20 9.03 11.73 12.59 17.93
Dividend Payout % 14% 29% 18% 19% 20% 19% 19% 19% 20% 22%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 23%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 26%
TTM: 44%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 79%
1 Year: 219%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 22%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 53 53 62 68 68 69 69 70 70 140
Reserves 148 166 188 337 428 480 596 742 907 1,084
Preference Capital 10 10 0 0 0 0 0 0 0
45 59 71 66 68 111 20 28 43 48
78 111 106 138 177 211 235 264 319 414
Total Liabilities 324 389 427 609 742 871 921 1,103 1,339 1,686
23 57 62 68 69 130 205 230 245 248
CWIP 5 6 11 17 83 91 0 0 0 3
Investments 60 45 49 50 52 76 83 92 131 365
236 281 306 474 539 574 632 781 963 1,070
Total Assets 324 389 427 609 742 871 921 1,103 1,339 1,686

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 11 36 60 102 90 216 143 136 281
-9 -6 -5 -17 -85 -100 -142 -79 -88 -219
-6 -1 -21 68 -5 -47 -102 -32 -44 -47
Net Cash Flow -6 5 11 111 12 -58 -28 32 4 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 208 216 171 158 149 149 129 131 145 130
Inventory Days
Days Payable
Cash Conversion Cycle 208 216 171 158 149 149 129 131 145 130
Working Capital Days 157 170 119 114 103 96 64 69 76 166
ROCE % 14% 22% 25% 27% 17% 28% 27% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.07% 55.01%
20.50% 18.49% 17.48% 15.71% 14.75% 15.62% 13.18% 13.99% 15.34% 15.92% 15.22% 16.41%
7.53% 7.16% 7.61% 7.48% 6.80% 6.06% 8.05% 8.18% 8.22% 9.23% 9.73% 9.71%
15.97% 18.46% 19.09% 21.06% 22.78% 22.67% 23.16% 22.25% 20.90% 19.37% 19.54% 18.53%
0.85% 0.73% 0.66% 0.59% 0.51% 0.49% 0.45% 0.43% 0.38% 0.31% 0.43% 0.37%
No. of Shareholders 41,71680,42078,21597,5231,03,6281,04,8041,00,07194,78687,57989,18199,3061,13,594

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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