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Swing Capital

Newgen Software Technologies Ltd

NSE: NEWGEN BSE: 540900IT / Software

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.

₹460
52W: ₹401 — ₹1379
PE 20.6 · Book ₹115 · +300% vs book
Market Cap₹6,541 Cr
Stock P/E20.6Price to Earnings
ROCE26.2%Return on Capital
ROE20.8%Return on Equity
Div. Yield1.09%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 22.1% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 25.7%

Weaknesses

  • −Working capital days have increased from 147 days to 283 days

Shareholding Pattern

Promoters53.52%
FIIs14.48%
DIIs8.85%
Public22.34%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.3%54.3%54.3%53.78%▼0.553.78%53.76%▼0.053.52%▼0.253.52%
FIIs17.85%19.97%▲2.120.31%▲0.319.36%▼0.919.14%▼0.217.62%▼1.517.34%▼0.314.48%▼2.9
DIIs9.96%8.93%▼1.09.1%▲0.29.13%▲0.09.46%▲0.39.58%▲0.19.68%▲0.18.85%▼0.8
Public17.59%16.52%▼1.116.06%▼0.516.72%▲0.716.77%▲0.118.33%▲1.618.39%▲0.122.34%▲3.9

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales299350283331346394281366355418
Expenses227232242255244266245269256272
Operating Profit721184176103128369899146
OPM %24%34%15%23%30%33%13%27%28%35%
Net Profit65101426684101497756103
EPS ₹4.667.223.024.75.977.153.445.413.977.26

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,420Cr, up 4.9% YoY. OPM at 27%.

Debt Position

Borrowings at ₹32Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.85% (+0.63pp change). FIIs: 14.48% (-0.86pp change). Promoters hold 53.52%.

Margin & Efficiency

ROCE improving from 24% (Mar 2015) to 26% (Mar 2026). Working capital days: 283.

Valuation

PE 20.6x with 26.2% ROCE. Price is 300% above book value of ₹115. Dividend yield: 1.09%.

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