āagman

Not investment advice. Data and computed figures, for information only.

Newgen Software Technologies Ltd

NSE: NEWGEN
₹489.60
+₹13.20 (+2.77%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,403 Cr
CMP
₹489.60
52-wk High / Low
₹1,042 / 401
P/E
18.7
P/B
3.6
Book Value
₹125.0
Div Yield
1.34%
ROCE
25.0%
ROE
19.6%
Face Value
₹10
D/E
0.02

Price−43.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹244
√(22.5 × EPS × book value per share)
ROIC
15.8%
vs 13.5% sector median
Cash flow to profit
0.77
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+167
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.7%
ROE × earnings retention ratio
ROE stability
1.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.07FII −0.70DII −0.70
Latest quarter vs the previous one
Cash-accrual divergence
3.1%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 43.5% since FY2016 (69 to 39)
+PE of 18.7x is below the sector median of 24.0x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 53.0% below its 52-week high
−Annualised volatility of 52.4% is in the high band (≥45%)
−Promoter holding fell by 1.7pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales252293324375315361381430321401400453357
Expenses220236247253267278273293276298294301301
Operating Profit32577712348831081374510210615256
OPM %12.7%19.5%23.8%32.8%15.2%23.0%28.3%31.9%14.0%25.4%26.5%33.6%15.7%
Other Income139111523198142913−15−436
Interest1111111111211
Depreciation7777889999999
Profit before tax3759801296193107141641058013882
Net Profit30486810548708910850826310663
EPS (₹)2.163.414.887.503.395.016.347.653.515.774.417.474.41

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3083474275126216616737799741,2441,4871,5741,610
Expenses2513073574154935564805847629561,1111,1691,194
Operating Profit58397098128105192195212288376406417
OPM %18.8%11.2%16.4%19.1%20.6%15.9%28.5%25.0%21.8%23.2%25.3%25.8%25.9%
Other Income8388202115303448642430
Interest24559116344555
Depreciation445662020182528333737
Profit before tax5934689413495181203217304402387405
Net Profit4628517310273126164177252315301314
EPS (₹)4.292.583.995.267.345.209.0311.7312.6417.9322.2621.1222.06

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital535362686869697070140140141—
Reserves1481661883374284805967429131,0841,3761,636—
Borrowings556971666876202843495339—
Other Liabilities68101106138177245235264319414475626—
Total Liabilities3243894276097428719211,1031,3451,6862,0452,442—
Fixed Assets2357626869130205230245248259239—
CWIP5611178391000301—
Investments6045495052768392131365508703—
Other Assets2362813064745395746327819691,0701,2781,499—
Total Assets3243894276097428719211,1031,3451,6862,0452,442—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity911366010290216143136281215232
Cash from Investing Activity−9−6−5−17−85−100−142−79−88−217−168−145
Cash from Financing Activity−6−1−2168−5−47−102−32−44−47−68−87
Net Cash Flow−651111112−58−2832417−210

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—14.022.025.027.018.028.027.024.027.028.025.0
ROE %———————————19.6
EPS (₹)4.292.583.995.267.345.209.0311.7312.6417.9322.2621.12
Book Value (₹)———————————125.0
Face Value (₹)———————————10
P/E———————————18.7
Div Yield %———————————1.34
NPM %14.68.011.714.015.910.718.320.317.619.520.318.8
OPM %19.011.016.019.021.016.029.025.022.023.025.026.0
D/E0.270.320.280.160.140.140.030.030.040.040.030.02
P/B———————————3.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+16.0%
5 years+19.0%
3 years+17.0%
TTM+8.0%
Compounded profit growth
10 years+28.0%
5 years+21.0%
3 years+22.0%
TTM+8.0%
Stock price CAGR
5 years+9.0%
3 years−1.0%
Last year−48.0%
Return on equity
10 years21.0%
5 years21.0%
3 years21.0%
Last year20.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters66.34%66.34%66.00%65.73%65.73%55.16%55.16%55.01%53.78%53.52%53.45%
FIIs9.02%9.02%11.94%13.29%14.63%15.71%13.99%16.41%19.36%14.48%13.78%
DIIs8.48%8.48%7.00%9.05%6.85%7.48%8.18%9.71%9.13%8.85%8.15%
Government———————————
Public14.21%14.21%13.43%10.69%11.86%21.06%22.25%18.53%16.72%22.34%23.88%
No. of shareholders42,62842,62823,89222,12628,08397,52394,7861,13,5941,49,2971,93,6802,00,312
Change since Jun 2023 (pp)
Promoters −12.89FIIs +4.76DIIs −0.33Public +9.67

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Credit Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 6 Per Share—
18 Jul 2025DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
18 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
12 Jan 2024BONUSBonus 1:1—
20 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
15 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 4.5 Per Share—
15 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 3.50 Per Share—
20 Jul 2020DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
1 Aug 2019DIVIDEND Annual General Meeting/Dividend Rs 3 Per Share—
1 Aug 2018DIVIDEND Annual General Meeting / Dividend- Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman