Newgen Software Technologies Ltd

Newgen Software Technologies Ltd

₹ 759 1.23%
21 Feb 12:56 p.m.
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]

  • Market Cap 10,639 Cr.
  • Current Price 759
  • High / Low 901 / 213
  • Stock P/E 50.1
  • Book Value 69.1
  • Dividend Yield 0.34 %
  • ROCE 24.0 %
  • ROE 20.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.4%

Cons

  • Stock is trading at 10.9 times its book value
  • Promoter holding has decreased over last 3 years: -10.7%

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
169 184 145 169 186 211 168 202 235 283 224 264 299
104 121 125 127 131 147 150 169 179 192 196 212 227
Operating Profit 65 63 20 43 55 64 18 33 56 91 28 52 72
OPM % 38% 34% 14% 25% 30% 30% 10% 16% 24% 32% 12% 20% 24%
3 4 10 7 7 6 10 7 9 7 12 8 11
Interest 2 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 4 5 4 4 4 4 4 6 6 5 6 6 6
Profit before tax 62 62 26 45 57 64 22 33 59 92 32 53 76
Tax % 47% 19% 25% 23% 20% 12% 15% 19% 22% 17% 15% 18% 14%
33 50 19 35 46 56 19 27 46 76 27 44 65
EPS in Rs 2.35 3.57 1.39 2.48 3.26 4.01 1.35 1.93 3.27 5.46 1.94 3.12 4.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
139 190 234 279 313 383 460 552 577 610 711 888 1,070
119 151 192 226 274 318 365 433 484 431 529 691 827
Operating Profit 20 40 42 53 38 65 94 119 94 180 181 197 243
OPM % 15% 21% 18% 19% 12% 17% 21% 22% 16% 29% 26% 22% 23%
4 9 13 9 3 8 8 20 21 14 30 33 39
Interest 1 1 1 2 3 5 5 8 11 5 3 4 4
Depreciation 3 4 3 4 4 5 6 6 18 19 15 19 24
Profit before tax 20 44 51 55 34 63 91 125 86 170 193 207 253
Tax % 31% 17% 17% 22% 17% 24% 22% 23% 23% 31% 19% 18%
14 36 42 43 28 48 71 96 66 118 156 170 212
EPS in Rs 7.94 20.54 23.87 3.96 2.56 3.73 5.10 6.88 4.71 8.40 11.14 12.14 15.18
Dividend Payout % 13% 5% 10% 15% 29% 20% 19% 21% 21% 21% 20% 20%
Compounded Sales Growth
10 Years: 17%
5 Years: 14%
3 Years: 15%
TTM: 31%
Compounded Profit Growth
10 Years: 18%
5 Years: 19%
3 Years: 37%
TTM: 44%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 73%
1 Year: 230%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 21%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 8 8 53 53 62 68 68 69 69 70 70 70
Reserves 76 111 167 148 165 185 332 416 458 564 699 851 898
Preference Capital 1 1 2 10 10 0 0 0 0 0 0 0
7 0 39 45 59 68 63 68 108 16 23 37 36
37 39 50 72 103 98 125 157 171 194 215 259 242
Total Liabilities 129 159 265 318 379 414 587 709 806 843 1,008 1,216 1,246
14 18 19 22 56 61 68 68 127 200 206 222 227
CWIP 3 3 3 5 6 11 17 83 91 0 0 0 3
Investments 6 8 63 67 52 58 59 61 90 97 120 168 256
106 130 181 224 265 284 444 497 498 546 681 826 760
Total Assets 129 159 265 318 379 414 587 709 806 843 1,008 1,216 1,246

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 11 33 57 89 78 215 137 93
-9 -6 -5 -18 -85 -108 -143 -82 -58
-5 -0 -21 68 -5 -45 -101 -30 -42
Net Cash Flow -4 5 7 107 -2 -76 -29 25 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 231 193 210 227 227 177 162 157 151 105 97 128
Inventory Days
Days Payable
Cash Conversion Cycle 231 193 210 227 227 177 162 157 151 105 97 128
Working Capital Days 173 143 154 170 174 129 124 120 114 69 74 96
ROCE % 26% 38% 27% 24% 14% 21% 25% 26% 16% 27% 27% 24%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.16% 55.07% 55.07%
20.50% 18.49% 17.48% 15.71% 14.75% 15.62% 13.18% 13.99% 15.34% 15.92% 15.22% 15.14%
7.53% 7.16% 7.61% 7.48% 6.80% 6.06% 8.05% 8.18% 8.22% 9.23% 9.73% 9.73%
15.97% 18.46% 19.09% 21.06% 22.78% 22.67% 23.16% 22.25% 20.90% 19.37% 19.54% 19.76%
0.85% 0.73% 0.66% 0.59% 0.51% 0.49% 0.45% 0.43% 0.38% 0.31% 0.43% 0.29%
No. of Shareholders 41,71680,42078,21597,5231,03,6281,04,8041,00,07194,78687,57989,18199,3061,07,932

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls