Announcement • Jul 11
Newgen Software Technologies Limited to Report Q1, 2027 Results on Jul 16, 2026 Newgen Software Technologies Limited announced that they will report Q1, 2027 results on Jul 16, 2026 Upcoming Dividend • Jul 10
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 23 August 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.6%). Reported Earnings • Jul 02
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹21.38 (down from ₹22.53 in FY 2025). Revenue: ₹15.7b (up 5.9% from FY 2025). Net income: ₹3.01b (down 4.7% from FY 2025). Profit margin: 19% (down from 21% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Announcement • Jun 10
Newgen Software Technologies Limited Announces Resignation of Virender Jeet as Chief Executive Officer, Effective August 31, 2026 Newgen Software Technologies Limited had announced that Mr. Virender Jeet, Chief Executive Officer (Key Managerial Personnel) of the Company, had tendered his resignation from the position of Chief Executive Officer (Key Managerial Personnel) of the Company vide resignation email dated June 9, 2026, due to personal and professional reasons. Effective from the closing of business hours on 31st August, 2026. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹520, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹339 per share. Price Target Changed • May 05
Price target decreased by 10% to ₹757 Down from ₹845, the current price target is an average from 6 analysts. New target price is 55% above last closing price of ₹489. Stock is down 55% over the past year. The company is forecast to post earnings per share of ₹26.79 for next year compared to ₹21.38 last year. Declared Dividend • May 02
Dividend increased to ₹6.00 Dividend of ₹6.00 is 20% higher than last year. Ex-date: 17th July 2026 Payment date: 23rd August 2026 Dividend yield will be 1.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹21.38 (down from ₹22.53 in FY 2025). Revenue: ₹16.4b (up 10% from FY 2025). Net income: ₹3.01b (down 4.7% from FY 2025). Profit margin: 18% (down from 21% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 22% per year. Announcement • May 01
Newgen Software Technologies Limited announces Annual dividend, payable on August 23, 2026 Newgen Software Technologies Limited announced Annual dividend of INR 6.0000 per share payable on August 23, 2026, ex-date on July 17, 2026 and record date on July 17, 2026. Announcement • Apr 30
Newgen Software Technologies Limited, Annual General Meeting, Jul 24, 2026 Newgen Software Technologies Limited, Annual General Meeting, Jul 24, 2026. Announcement • Apr 23
Newgen Software Technologies Limited to Report Q4, 2026 Results on Apr 30, 2026 Newgen Software Technologies Limited announced that they will report Q4, 2026 results on Apr 30, 2026 New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹463, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Software industry in India. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹311 per share. Reported Earnings • Jan 21
Third quarter 2026 earnings: Revenues miss analyst expectations Third quarter 2026 results: Revenue: ₹4.20b (up 10% from 3Q 2025). Net income: ₹628.2m (down 29% from 3Q 2025). Profit margin: 15% (down from 23% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹629, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Software industry in India. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹288 per share. Announcement • Jan 13
Newgen Software Technologies Limited to Report Q3, 2026 Results on Jan 20, 2026 Newgen Software Technologies Limited announced that they will report Q3, 2026 results on Jan 20, 2026 Reported Earnings • Oct 29
Second quarter 2026 earnings: Revenues exceed analyst expectations Second quarter 2026 results: Revenue: ₹4.14b (up 9.0% from 2Q 2025). Net income: ₹817.4m (up 16% from 2Q 2025). Profit margin: 20% (up from 19% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Announcement • Oct 18
Newgen Software Technologies Limited to Report Q2, 2026 Results on Oct 28, 2025 Newgen Software Technologies Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Oct 28, 2025 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹871, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 30x in the Software industry in India. Total returns to shareholders of 387% over the past three years. Price Target Changed • Jul 18
Price target decreased by 8.0% to ₹1,091 Down from ₹1,186, the current price target is an average from 5 analysts. New target price is 13% above last closing price of ₹963. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of ₹25.30 for next year compared to ₹22.53 last year. Announcement • Jul 11
Newgen Software Technologies Limited to Report Q1, 2026 Results on Jul 17, 2025 Newgen Software Technologies Limited announced that they will report Q1, 2026 results on Jul 17, 2025 Upcoming Dividend • Jul 11
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 24 August 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.5%). New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jun 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹22.53 (up from ₹18.02 in FY 2024). Revenue: ₹14.9b (up 20% from FY 2024). Net income: ₹3.15b (up 25% from FY 2024). Profit margin: 21% (in line with FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,343, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 31x in the Software industry in India. Total returns to shareholders of 624% over the past three years. Price Target Changed • May 05
Price target decreased by 9.7% to ₹1,281 Down from ₹1,419, the current price target is an average from 6 analysts. New target price is 23% above last closing price of ₹1,043. Stock is up 5.4% over the past year. The company is forecast to post earnings per share of ₹25.90 for next year compared to ₹22.53 last year. Declared Dividend • May 04
Dividend increased to ₹5.00 Dividend of ₹5.00 is 25% higher than last year. Ex-date: 18th July 2025 Payment date: 24th August 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 26% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹22.53 (up from ₹18.02 in FY 2024). Revenue: ₹15.5b (up 25% from FY 2024). Net income: ₹3.15b (up 25% from FY 2024). Profit margin: 20% (in line with FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 03
Newgen Software Technologies Limited announces Annual dividend, payable on August 24, 2025 Newgen Software Technologies Limited announced Annual dividend of INR 5.0000 per share payable on August 24, 2025, ex-date on July 18, 2025 and record date on July 18, 2025. Announcement • May 02
Newgen Software Technologies Limited, Annual General Meeting, Jul 25, 2025 Newgen Software Technologies Limited, Annual General Meeting, Jul 25, 2025. Announcement • Apr 25
Newgen Software Technologies Limited to Report Q4, 2025 Results on May 02, 2025 Newgen Software Technologies Limited announced that they will report Q4, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,102, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 29x in the Software industry in India. Total returns to shareholders of 380% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹841, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 242% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to ₹1,057, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 35x in the Software industry in India. Total returns to shareholders of 277% over the past three years. New Risk • Jan 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jan 21
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ₹6.36 (up from ₹4.90 in 3Q 2024). Revenue: ₹3.81b (up 18% from 3Q 2024). Net income: ₹890.0m (up 30% from 3Q 2024). Profit margin: 23% (up from 21% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Newgen Software Technologies Limited to Report Q3, 2025 Results on Jan 20, 2025 Newgen Software Technologies Limited announced that they will report Q3, 2025 results on Jan 20, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,311, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 37x in the Software industry in India. Total returns to shareholders of 355% over the past three years. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,043, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 37x in the Software industry in India. Total returns to shareholders of 280% over the past three years. Price Target Changed • Oct 16
Price target increased by 17% to ₹1,348 Up from ₹1,151, the current price target is an average from 4 analysts. New target price is 6.1% above last closing price of ₹1,270. Stock is up 128% over the past year. The company is forecast to post earnings per share of ₹22.38 for next year compared to ₹18.02 last year. Reported Earnings • Oct 16
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ₹5.03 (up from ₹3.43 in 2Q 2024). Revenue: ₹3.61b (up 23% from 2Q 2024). Net income: ₹703.3m (up 47% from 2Q 2024). Profit margin: 20% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 09
Newgen Software Technologies Limited to Report Q2, 2025 Results on Oct 15, 2024 Newgen Software Technologies Limited announced that they will report Q2, 2025 results at 12:08 PM, Indian Standard Time on Oct 15, 2024 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,231, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 37x in the Software industry in India. Total returns to shareholders of 328% over the past three years. Announcement • Sep 10
Newgen Software Technologies Limited Approves Appointment of Sudhir Kumar Sethi as Non-Executive Independent Director Newgen Software Technologies Limited announced that Members of the Company, through the remote E-voting process via Postal Ballot, have approved the Special Resolution as outlined in the Postal Ballot notice dated July 30, 2024 for the appointment of Mr. Sudhir Kumar Sethi as a Non-Executive Independent Director of the Company for a term of five consecutive years, effective from July 30, 2024. Mr. Sudhir is the Founder & Chairman of Chiratae Ventures India Advisors. Announcement • Jul 25
Newgen Software Technologies Limited Approves Final Dividend for the Year Ended March 31, 2024 Newgen Software Technologies Limited announced that at its AGM held on July 25, 2024, shareholders approved the final dividend of INR 4 per equity share of face value INR 10 each of the company for the financial year ended March 31, 2024. Price Target Changed • Jul 21
Price target increased by 7.2% to ₹1,101 Up from ₹1,027, the current price target is an average from 3 analysts. New target price is 9.6% above last closing price of ₹1,004. Stock is up 141% over the past year. The company is forecast to post earnings per share of ₹23.03 for next year compared to ₹18.02 last year. Announcement • Jul 11
Newgen Software Technologies Limited to Report Q1, 2025 Results on Jul 18, 2024 Newgen Software Technologies Limited announced that they will report Q1, 2025 results on Jul 18, 2024 Upcoming Dividend • Jul 09
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 24 August 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.2%). Reported Earnings • Jun 30
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: ₹18.02 (up from ₹12.71 in FY 2023). Revenue: ₹12.4b (up 28% from FY 2023). Net income: ₹2.52b (up 42% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Newgen Software Technologies Limited, Annual General Meeting, Jul 25, 2024 Newgen Software Technologies Limited, Annual General Meeting, Jul 25, 2024. Reported Earnings • May 01
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: ₹18.02 (up from ₹12.66 in FY 2023). Revenue: ₹12.9b (up 33% from FY 2023). Net income: ₹2.52b (up 43% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 30
Newgen Software Technologies Limited Recommends Final Dividend for the Year Ended 31 March 2024 Newgen Software Technologies Limited recommended a final dividend of INR 4/- per equity share (on face value of INR 10/- each on the expanded capital base post bonus issue of 1:1) i.e. 40% on a face value of INR 10/- per share, for the year ended 31 March 2024 subject to the approval of the Shareholders at the forthcoming Annual General Meeting ("AGM") of the Company. Information regarding the record date for payment of the final dividend, if any, will be intimated in due course. Announcement • Apr 26
Newgen Software Technologies Limited to Report Q4, 2024 Results on Apr 30, 2024 Newgen Software Technologies Limited announced that they will report Q4, 2024 results on Apr 30, 2024 Announcement • Jan 23
Newgen Software Releases Its Cloud Content Management Accelerator on Guidewire Marketplace Newgen announced the availability of Newgen's cutting-edge, Guidewire Cloud-validated accelerators on the Guidewire Marketplace. This exciting collaboration opens a world of possibilities for users of Guidewire ClaimCenter and PolicyCenter on Guidewire Cloud, enhancing their overall experience and efficiency. Newgen's robust content services cloud platform is designed to streamline content lifecycle management, ensuring the secure archival of content and fostering real-time collaboration while prioritizing privacy and security. Seamlessly integrated with the Guidewire Cloud Platform, Newgen's platform establishes a vital link between essential documents and claims data, as well as policy information. This integration simplifies document access and management, further elevating the capabilities of Guidewire's cloud-based solutions. With Newgen's Contextual Content Services Cloud platform, Guidewire customers receive: All benefits of cloud Enterprise Content Management integrated with Guidewire Cloud Platform; Greater customer experience; Increase in productivity of key resources like underwriting and claims officers; Faster turnaround time with easy access to information; Enhanced user productivity and better decision-making; Increased collaboration among key stakeholders, and Better compliance with regulatory requirements. This partnership also represents a significant milestone in delivering enhanced functionality to the insurance industry, providing a seamless and secure experience for users of ClaimCenter and PolicyCenter on Guidewire Cloud. With Newgen's innovative Ready for Guidewire cloud accelerators now available, insurance professionals can expect improved efficiency and productivity in managing critical documents, ultimately delivering superior service to their clients. Reported Earnings • Jan 17
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: ₹4.90 (up from ₹3.46 in 3Q 2023). Revenue: ₹3.35b (up 31% from 3Q 2023). Net income: ₹683.5m (up 42% from 3Q 2023). Profit margin: 20% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
Newgen Software Technologies Limited to Report Q3, 2024 Results on Jan 16, 2024 Newgen Software Technologies Limited announced that they will report Q3, 2024 results on Jan 16, 2024 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,209, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 384% over the past three years. Reported Earnings • Oct 18
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: ₹6.86 (up from ₹4.35 in 2Q 2023). Revenue: ₹3.03b (up 34% from 2Q 2023). Net income: ₹477.9m (up 58% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Oct 10
Newgen Software Technologies Limited to Report Q2, 2024 Results on Oct 17, 2023 Newgen Software Technologies Limited announced that they will report Q2, 2024 results on Oct 17, 2023 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹831, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 379% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹428 per share. Reported Earnings • Jul 20
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: ₹4.33 (up from ₹2.76 in 1Q 2023). Revenue: ₹2.64b (up 41% from 1Q 2023). Net income: ₹301.5m (up 57% from 1Q 2023). Profit margin: 11% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Newgen Software Technologies Limited to Report Q1, 2024 Results on Jul 19, 2023 Newgen Software Technologies Limited announced that they will report Q1, 2024 results on Jul 19, 2023 Upcoming Dividend • Jun 13
Upcoming dividend of ₹5.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.7%). Reported Earnings • Jun 04
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹25.32 (up from ₹23.66 in FY 2022). Revenue: ₹9.74b (up 25% from FY 2022). Net income: ₹1.76b (up 7.3% from FY 2022). Profit margin: 18% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 02
Newgen Software Technologies Limited Proposes Final Dividend for the Financial Year Ended 31St March 2023 Newgen Software Technologies Limited proposed a final Dividend of INR 5/- (Rupees Five only) per equity share having a Face value of INR 10/- each of the Company for the Financial Year ended 31st March 2023. Reported Earnings • May 04
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹25.32 (up from ₹23.66 in FY 2022). Revenue: ₹9.74b (up 25% from FY 2022). Net income: ₹1.76b (up 7.3% from FY 2022). Profit margin: 18% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 03
Price target increased by 22% to ₹530 Up from ₹435, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹551. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₹23.05 for next year compared to ₹23.65 last year. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹565, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Software industry in India. Total returns to shareholders of 327% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹255 per share. Reported Earnings • Jan 18
Third quarter 2023 earnings: Revenues exceed analyst expectations Third quarter 2023 results: Revenue: ₹2.64b (up 31% from 3Q 2022). Net income: ₹482.0m (flat on 3Q 2022). Profit margin: 18% (down from 24% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in India. Announcement • Jan 09
Newgen Software Technologies Limited to Report Q3, 2023 Results on Jan 17, 2023 Newgen Software Technologies Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Jan 17, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Non Executive Women Independent Director Padmaja Krishnan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 19
Second quarter 2023 earnings released: EPS: ₹4.35 (vs ₹5.39 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.35 (down from ₹5.39 in 2Q 2022). Revenue: ₹2.26b (up 22% from 2Q 2022). Net income: ₹302.7m (down 19% from 2Q 2022). Profit margin: 13% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 22% per year. Announcement • Oct 12
Newgen Software Technologies Limited to Report Q2, 2023 Results on Oct 18, 2022 Newgen Software Technologies Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Oct 18, 2022 Price Target Changed • Jul 21
Price target decreased to ₹425 Down from ₹536, the current price target is provided by 1 analyst. New target price is 20% above last closing price of ₹353. Stock is down 44% over the past year. The company is forecast to post earnings per share of ₹23.75 for next year compared to ₹23.65 last year. Announcement • Jul 12
Newgen Software Technologies Limited to Report Q1, 2023 Results on Jul 20, 2022 Newgen Software Technologies Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Jul 20, 2022 Announcement • Jun 24
Newgen Software Technologies Limited Declares Dividend for the Financial Year Ended March 31, 2022 Newgen Software Technologies Limited declared a dividend of INR 4.50 per equity share having face value of INR 10 each of the company for the Financial Year ended March 31, 2022 in the AGM to be held on June 23, 2022. Upcoming Dividend • Jun 07
Upcoming dividend of ₹4.50 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 23 July 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (1.6%). Reported Earnings • Jun 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹23.65 (up from ₹18.28 in FY 2021). Revenue: ₹7.79b (up 16% from FY 2021). Net income: ₹1.64b (up 30% from FY 2021). Profit margin: 21% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 24% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 09
Price target decreased to ₹563 Down from ₹612, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₹441. Stock is up 35% over the past year. Reported Earnings • May 04
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: ₹8.09b (up 20% from FY 2021). Net income: ₹1.64b (up 30% from FY 2021). Profit margin: 20% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the industry in India. Price Target Changed • Apr 27
Price target decreased to ₹612 Down from ₹675, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₹476. Stock is up 46% over the past year. The company is forecast to post earnings per share of ₹21.10 for next year compared to ₹18.28 last year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non Executive Women Independent Director Padmaja Krishnan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 29
Price target decreased to ₹675 Down from ₹735, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ₹481. Stock is up 67% over the past year. The company is forecast to post earnings per share of ₹23.30 for next year compared to ₹18.28 last year. Announcement • Jan 20
Newgen Software Technologies Limited (BSE:540900) agreed to acquire Number Theory Software Pvt. Ltd. from Tarun Gulyani and Rajan Nagina for INR 164.65 million. Newgen Software Technologies Limited (BSE:540900) agreed to acquire Number Theory Software Pvt. Ltd. from Tarun Gulyani and Rajan Nagina for INR 164.65 million on January 18, 2022. Newgen will be making a closing payment aggregating to approximately INR 70.273340, and deferred amount of INR 70.273340 in three years. Further as a part of conditions precedent to the closing of the transaction, Newgen will also grant ICD of approximately INR 24.1 million to Number Theory to settle its outstanding dues such as dues to debentures holders, option holders, bank loan, directors’ loan etc. Newgen Software approved the transaction.The acquisition is subject to the completion of customary conditions precedent. Reported Earnings • Jan 19
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹6.89 (up from ₹5.12 in 3Q 2021). Revenue: ₹2.03b (up 9.2% from 3Q 2021). Net income: ₹478.1m (up 35% from 3Q 2021). Profit margin: 24% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 24%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jan 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₹8.02b to ₹7.79b. EPS estimate rose from ₹21.00 to ₹23.30. Net income forecast to grow 15% next year vs 26% growth forecast for Software industry in India. Consensus price target up from ₹686 to ₹705. Share price fell 4.6% to ₹608 over the past week. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹5.39 (vs ₹4.23 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.85b (up 20% from 2Q 2021). Net income: ₹373.9m (up 28% from 2Q 2021). Profit margin: 20% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 04
Insider recently sold ₹1.2m worth of stock On the 30th of July, Atul Pharasi sold around 2k shares on-market at roughly ₹621 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹1.5b. Insiders have been net sellers, collectively disposing of ₹3.4b more than they bought in the last 12 months. Upcoming Dividend • Jul 08
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 10 August 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.9%). Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹18.28 (vs ₹10.56 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹6.73b (up 1.8% from FY 2020). Net income: ₹1.26b (up 74% from FY 2020). Profit margin: 19% (up from 11% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jul 02
Insider recently sold ₹2.2m worth of stock On the 28th of June, Mukesh Bhatnagar sold around 4k shares on-market at roughly ₹496 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹1.5b. Insiders have been net sellers, collectively disposing of ₹3.4b more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹628, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹288 per share. Recent Insider Transactions • Jun 27
Insider recently sold ₹1.8m worth of stock On the 21st of June, Neelankavil Soni sold around 3k shares on-market at roughly ₹536 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹1.5b. Insiders have been net sellers, collectively disposing of ₹3.4b more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 19% share price gain to ₹529, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹269 per share.