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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Newgen Software Technologies Ltd

About the Company - Newgen Software Technologies Ltd

Newgen Software Technologies Ltd. is a Public Limited Listed company incorporated on 05/06/1992 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L72200DL1992PLC049074 and registration number is 049074. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 710.79 Cr. and Equity Capital is Rs. 69.54 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareE-44/13, Okhla Phase 2, New Delhi Delhi 110020investors@newgensoft.com
http://www.newgensoft.com
Management
NamePosition Held
Mr. Diwakar NigamChairman & Managing Director
Mr. T S VaradarajanWhole Time Director
Ms. Priyadarshini NigamWhole Time Director
Mr. Subramaniam Ramnath IyerIndependent Director
Ms. Padmaja KrishnanIndependent Director
Mr. Kaushik DuttaIndependent Director
Mr. Saurabh SrivastavaIndependent Director

Basic Stock Data of Newgen Software Technologies Ltd

Last Updated: July 20, 2024, 10:48 pm

Market Cap 14,090 Cr.
Current Price 1,004
High / Low1,092/394
Stock P/E55.8
Book Value 81.8
Dividend Yield0.40 %
ROCE26.6 %
ROE22.7 %
Face Value 10.0
PEG Ratio2.12

Data Source: screener.in

Competitors of Newgen Software Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Trigyn Technologies Ltd 411 Cr. 133168/92.120.6 2280.00 %5.72 %2.89 % 10.0
63 Moons Technologies Ltd 1,506 Cr. 327691/2217.18 7260.61 %6.70 %6.49 % 2.00
Intense Technologies Ltd 385 Cr. 164178/73.724.6 54.90.30 %17.0 %13.1 % 2.00
Kellton Tech Solutions Ltd 1,464 Cr. 150184/72.521.4 45.50.00 %16.2 %15.7 % 5.00
Innovana Thinklabs Ltd 1,035 Cr. 505800/33025.1 79.70.05 %35.1 %30.1 % 10.0
Industry Average39,476.14 Cr723.7465.79116.450.65%20.16%19.23%6.77

Newgen Software Technologies Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales169184145169186211168202235283224264299
Expenses104121125127131147150169179192196212227
Operating Profit65632043556418335691285272
OPM %38%34%14%25%30%30%10%16%24%32%12%20%24%
Other Income34107761079712811
Interest2111111111111
Depreciation4544444665666
Profit before tax62622645576422335992325376
Tax %47%19%25%23%20%12%15%19%22%17%15%18%14%
Net Profit33501935465619274676274465
EPS in Rs2.353.571.392.483.264.011.351.933.275.461.943.124.66

Last Updated: July 10, 2024, 8:09 pm

Newgen Software Technologies Ltd Quarterly Chart

Newgen Software Technologies Ltd Profit & Loss

Last Updated: July 10, 2024, 8:09 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1391902342793133834605525776107118881,070
Expenses119151192226274318365433484431529691827
Operating Profit2040425338659411994180181197243
OPM %15%21%18%19%12%17%21%22%16%29%26%22%23%
Other Income49139388202114303339
Interest11123558115344
Depreciation343445661819151924
Profit before tax2044515534639112586170193207253
Tax %31%17%17%22%17%24%22%23%23%31%19%18%
Net Profit143642432848719666118156170212
EPS in Rs7.9420.5423.873.962.563.735.106.884.718.4011.1412.1415.18
Dividend Payout %13%5%10%15%29%20%19%21%21%21%20%20%

Newgen Software Technologies Ltd Profit & Loss Yearly Chart

Newgen Software Technologies Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:16%
3 Years:23%
TTM:27%
Compounded Profit Growth
10 Years:20%
5 Years:20%
3 Years:26%
TTM:43%
Stock Price CAGR
10 Years:%
5 Years:48%
3 Years:43%
1 Year:186%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:22%
Last Year:23%

Last Updated: July 17, 2024, 5:22 pm

Newgen Software Technologies Ltd Balance Sheet

Last Updated: July 10, 2024, 8:09 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital98853536268686969707070
Reserves76111167148165185332416458564699851898
Preference Capital11210100000000
Borrowings7039455968636810816233736
Other Liabilities3739507210398125157171194215259242
Total Liabilities1291592653183794145877098068431,0081,2161,246
Fixed Assets1418192256616868127200206222227
CWIP33356111783910003
Investments686367525859619097120168256
Other Assets106130181224265284444497498546681826760
Total Assets1291592653183794145877098068431,0081,2161,246

Newgen Software Technologies Ltd Reserves and Borrowings Chart

Newgen Software Technologies Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 11113357897821513793264
Cash from Investing Activity -9-6-5-18-85-108-143-82-58-216
Cash from Financing Activity -5-0-2168-5-45-101-30-42-45
Net Cash Flow-457107-2-76-2925-73

Newgen Software Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days23119321022722717716215715110597128
Inventory Days
Days Payable
Cash Conversion Cycle23119321022722717716215715110597128
Working Capital Days173143154170174129124120114697496
ROCE %26%38%27%24%14%21%25%26%16%27%27%24%

Newgen Software Technologies Ltd Financial Efficiency Indicators Chart

Newgen Software Technologies Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters55.16%55.16%55.16%55.16%55.16%55.16%55.16%55.16%55.16%55.16%55.07%55.01%
FIIs20.50%18.49%17.48%15.71%14.75%15.62%13.18%13.99%15.34%15.92%15.22%16.41%
DIIs7.53%7.16%7.61%7.48%6.80%6.06%8.05%8.18%8.22%9.23%9.73%9.71%
Public15.97%18.46%19.09%21.06%22.78%22.67%23.16%22.25%20.90%19.37%19.54%18.53%
Others0.85%0.73%0.66%0.59%0.51%0.49%0.45%0.43%0.38%0.31%0.43%0.37%
No. of Shareholders41,71680,42078,21597,5231,03,6281,04,8041,00,07194,78687,57989,18199,3061,13,594

Newgen Software Technologies Ltd Shareholding Pattern Chart

No. of Newgen Software Technologies Ltd Shareholders

Newgen Software Technologies Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Childrens Gift Fund - Regular Plan1,100,0002.07160.1233,2952024-07-193203.8%
Tata Digital India Fund770,6011.3112.1733,2952024-07-192214.46%
Tata Focused Equity Fund268,5602.6539.0933,2952024-07-19706.61%
Tata Retirement Savings Fund - Progressive Plan - Regular Plan159,6001.4223.2333,2952024-07-19379.35%
WhiteOak Capital Flexi Cap Fund122,4790.6717.8333,2952024-07-19267.86%
WhiteOak Capital Mid Cap Fund53,0090.597.7233,2952024-07-1959.21%
Motilal Oswal Nifty Microcap 250 Index Fund33,2950.854.8533,2952024-07-190%
Samco Active Momentum Fund29,0000.894.2233,2952024-07-19-12.9%
WhiteOak Capital Multi Cap Fund23,8590.673.4733,2952024-07-19-28.34%
JM ELSS Tax Saver Fund11,2501.641.6433,2952024-07-19-66.21%

Newgen Software Technologies Ltd ROCE Trend

Newgen Software Technologies Ltd EPS Trend

Newgen Software Technologies Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)18.0225.3223.6518.2810.56
Diluted EPS (Rs.)17.5025.0023.5018.1010.51
Cash EPS (Rs.)20.0028.8526.1521.1613.41
Book Value[Excl.RevalReserv]/Share (Rs.)87.53140.23116.6896.0579.47
Book Value[Incl.RevalReserv]/Share (Rs.)87.53140.23116.6896.0579.47
Revenue From Operations / Share (Rs.)88.98139.83112.0297.0595.64
PBDIT / Share (Rs.)24.0635.3432.2929.8618.17
PBIT / Share (Rs.)22.0631.8029.7626.9515.29
PBT / Share (Rs.)21.7631.1929.2626.1413.71
Net Profit / Share (Rs.)18.0025.3123.6118.2510.53
NP After MI And SOA / Share (Rs.)18.0025.3123.6118.2510.53
PBDIT Margin (%)27.0425.2728.8330.7619.00
PBIT Margin (%)24.7922.7426.5627.7715.98
PBT Margin (%)24.4522.3026.1126.9314.33
Net Profit Margin (%)20.2218.0921.0818.8011.00
NP After MI And SOA Margin (%)20.2218.0921.0818.8011.00
Return on Networth / Equity (%)20.5618.0420.2318.9913.24
Return on Capital Employeed (%)23.5921.1823.8326.3717.74
Return On Assets (%)14.9113.1314.8313.738.34
Long Term Debt / Equity (X)0.020.000.010.000.00
Total Debt / Equity (X)0.030.000.010.000.13
Asset Turnover Ratio (%)0.820.760.730.710.74
Current Ratio (X)3.492.793.133.062.19
Quick Ratio (X)3.492.793.133.062.19
Dividend Payout Ratio (NP) (%)0.0017.8514.9111.0628.70
Dividend Payout Ratio (CP) (%)0.0015.6613.469.5422.53
Earning Retention Ratio (%)0.0082.1585.0988.9471.30
Cash Earning Retention Ratio (%)0.0084.3486.5490.4677.47
Interest Coverage Ratio (X)80.4457.9264.3236.7811.51
Interest Coverage Ratio (Post Tax) (X)61.1742.4648.0323.487.67
Enterprise Value (Cr.)10778.732934.572969.441721.34618.47
EV / Net Operating Revenue (X)8.673.013.812.560.93
EV / EBITDA (X)32.0411.9213.228.324.93
MarketCap / Net Operating Revenue (X)8.933.224.162.921.07
Retention Ratios (%)0.0082.1485.0888.9371.29
Price / BV (X)9.083.213.992.951.29
Price / Net Operating Revenue (X)8.933.224.162.921.07
EarningsYield0.020.050.050.060.10

Newgen Software Technologies Ltd Profitability Ratios (%)

Newgen Software Technologies Ltd Liquidity Ratios

Newgen Software Technologies Ltd Liquidity Ratios (%)

Newgen Software Technologies Ltd Interest Coverage Ratios (%)

Newgen Software Technologies Ltd Valuation Ratios

Fair Value

Fair Value: 1,040.27

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 3.61% compared to the current price 1004

Intrinsic Value: 1,314.61

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 30.94% compared to the current price 1004

Last 5 Year EPS CAGR: 26.37%

*Investments are subject to market risks

Strength and Weakness of Newgen Software Technologies Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 24.58%, which is a positive sign.
  2. The company has higher reserves (425.50 cr) compared to borrowings (49.42 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (410.54 cr) and profit (107.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 128.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 172.08, which may not be favorable.

FAQ

What is the latest fair value of Newgen Software Technologies Ltd?

The latest fair value of Newgen Software Technologies Ltd is ₹1040.27.

What is the Market Cap of Newgen Software Technologies Ltd?

The Market Cap of Newgen Software Technologies Ltd is 14,090 Cr..

What is the current Stock Price of Newgen Software Technologies Ltd as on 21 July 2024?

The current stock price of Newgen Software Technologies Ltd as on 21 July 2024 is 1,004.

What is the High / Low of Newgen Software Technologies Ltd stocks in FY 2024?

In FY 2024, the High / Low of Newgen Software Technologies Ltd stocks is 1,092/394.

What is the Stock P/E of Newgen Software Technologies Ltd?

The Stock P/E of Newgen Software Technologies Ltd is 55.8.

What is the Book Value of Newgen Software Technologies Ltd?

The Book Value of Newgen Software Technologies Ltd is 81.8.

What is the Dividend Yield of Newgen Software Technologies Ltd?

The Dividend Yield of Newgen Software Technologies Ltd is 0.40 %.

What is the ROCE of Newgen Software Technologies Ltd?

The ROCE of Newgen Software Technologies Ltd is 26.6 %.

What is the ROE of Newgen Software Technologies Ltd?

The ROE of Newgen Software Technologies Ltd is 22.7 %.

What is the Face Value of Newgen Software Technologies Ltd?

The Face Value of Newgen Software Technologies Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Newgen Software Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE