Newgen Software Technologies Ltd
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.
- Market Cap ₹ 19,505 Cr.
- Current Price ₹ 1,390
- High / Low ₹ 1,548 / 626
- Stock P/E 71.0
- Book Value ₹ 86.2
- Dividend Yield 0.29 %
- ROCE 26.6 %
- ROE 22.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.4%
Cons
- Stock is trading at 16.1 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Part of Nifty MidSmallcap 400 Nifty 500 BSE SmallCap BSE Allcap BSE Information Technology
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
190 | 234 | 279 | 313 | 383 | 460 | 552 | 577 | 610 | 711 | 888 | 1,136 | 1,263 | |
151 | 192 | 226 | 274 | 318 | 365 | 433 | 484 | 431 | 529 | 690 | 867 | 956 | |
Operating Profit | 40 | 42 | 53 | 38 | 65 | 94 | 119 | 94 | 180 | 181 | 198 | 269 | 307 |
OPM % | 21% | 18% | 19% | 12% | 17% | 21% | 22% | 16% | 29% | 26% | 22% | 24% | 24% |
9 | 13 | 9 | 3 | 8 | 8 | 20 | 21 | 14 | 30 | 33 | 46 | 66 | |
Interest | 1 | 1 | 2 | 3 | 5 | 5 | 8 | 11 | 5 | 3 | 4 | 4 | 4 |
Depreciation | 4 | 3 | 4 | 4 | 5 | 6 | 6 | 18 | 19 | 15 | 23 | 26 | 28 |
Profit before tax | 44 | 51 | 55 | 34 | 63 | 91 | 125 | 86 | 170 | 193 | 204 | 284 | 341 |
Tax % | 17% | 17% | 22% | 17% | 24% | 22% | 23% | 23% | 31% | 19% | 18% | 17% | |
36 | 42 | 43 | 28 | 48 | 71 | 96 | 66 | 118 | 156 | 168 | 237 | 275 | |
EPS in Rs | 20.54 | 23.87 | 3.96 | 2.56 | 3.73 | 5.10 | 6.88 | 4.71 | 8.40 | 11.14 | 12.00 | 16.92 | 19.60 |
Dividend Payout % | 5% | 10% | 15% | 29% | 20% | 19% | 21% | 21% | 21% | 20% | 21% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 16% |
3 Years: | 23% |
TTM: | 26% |
Compounded Profit Growth | |
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10 Years: | 20% |
5 Years: | 20% |
3 Years: | 26% |
TTM: | 42% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 70% |
3 Years: | 66% |
1 Year: | 91% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 22% |
Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 53 | 53 | 62 | 68 | 68 | 69 | 69 | 70 | 70 | 140 | 140 |
Reserves | 111 | 167 | 148 | 165 | 185 | 332 | 416 | 458 | 564 | 699 | 853 | 1,008 | 1,070 |
1 | 41 | 55 | 69 | 68 | 63 | 68 | 108 | 16 | 23 | 39 | 42 | 37 | |
38 | 49 | 62 | 92 | 98 | 125 | 157 | 171 | 194 | 215 | 259 | 324 | 319 | |
Total Liabilities | 159 | 265 | 318 | 379 | 414 | 587 | 709 | 806 | 843 | 1,008 | 1,221 | 1,513 | 1,566 |
18 | 19 | 22 | 56 | 61 | 68 | 68 | 127 | 200 | 206 | 240 | 241 | 238 | |
CWIP | 3 | 3 | 5 | 6 | 11 | 17 | 83 | 91 | 0 | 0 | 0 | 3 | 0 |
Investments | 8 | 63 | 67 | 52 | 58 | 59 | 61 | 90 | 97 | 120 | 155 | 394 | 424 |
130 | 181 | 224 | 265 | 284 | 444 | 497 | 498 | 546 | 681 | 826 | 876 | 904 | |
Total Assets | 159 | 265 | 318 | 379 | 414 | 587 | 709 | 806 | 843 | 1,008 | 1,221 | 1,513 | 1,566 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 33 | 57 | 89 | 78 | 215 | 137 | 93 | 264 | |||
-9 | -6 | -5 | -18 | -85 | -108 | -143 | -82 | -58 | -216 | |||
-5 | -0 | -21 | 68 | -5 | -45 | -101 | -30 | -42 | -45 | |||
Net Cash Flow | -4 | 5 | 7 | 107 | -2 | -76 | -29 | 25 | -7 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 193 | 210 | 227 | 227 | 177 | 162 | 157 | 151 | 105 | 97 | 128 | 101 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 193 | 210 | 227 | 227 | 177 | 162 | 157 | 151 | 105 | 97 | 128 | 101 |
Working Capital Days | 143 | 154 | 170 | 174 | 129 | 124 | 120 | 114 | 69 | 74 | 94 | 72 |
ROCE % | 38% | 27% | 24% | 14% | 21% | 25% | 26% | 16% | 27% | 27% | 24% | 27% |
Documents
Announcements
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Disclosure Of Material Event/ Information Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
3 Dec - Accepted purchase order from Reserve Bank of India.
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Disclosure Of Material Event/ Information Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
28 Nov - Newgen received a INR 32.44 Cr order from RBI.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Nov - Participation in Motilal Oswal India Ideation Conference.
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Announcement under Regulation 30 (LODR)-Credit Rating
22 Nov - CRISIL reaffirms short-term rating of CRISIL A1 for Newgen.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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Oct 2024Transcript PPT
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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]
As of FY24, company has 17 verticals including majors like Banking & FS, Insurance, Government.[3]