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 ₹ 13,838 Cr.
- Current Price ₹ 986
- High / Low ₹ 1,058 / 295
- Stock P/E 58.3
- Book Value ₹ 81.8
- Dividend Yield 0.25 %
- ROCE 26.9 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.4%
Cons
- Stock is trading at 12.1 times its book value
- Promoter holding has decreased over last 3 years: -10.7%
- Working capital days have increased from 120 days to 189 days
* 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
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 | |
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190 | 234 | 279 | 313 | 383 | 460 | 552 | 577 | 610 | 711 | 888 | 1,136 | |
151 | 192 | 226 | 274 | 318 | 365 | 433 | 484 | 431 | 529 | 691 | 867 | |
Operating Profit | 40 | 42 | 53 | 38 | 65 | 94 | 119 | 94 | 180 | 181 | 197 | 269 |
OPM % | 21% | 18% | 19% | 12% | 17% | 21% | 22% | 16% | 29% | 26% | 22% | 24% |
9 | 13 | 9 | 3 | 8 | 8 | 20 | 21 | 14 | 30 | 33 | 46 | |
Interest | 1 | 1 | 2 | 3 | 5 | 5 | 8 | 11 | 5 | 3 | 4 | 4 |
Depreciation | 4 | 3 | 4 | 4 | 5 | 6 | 6 | 18 | 19 | 15 | 19 | 26 |
Profit before tax | 44 | 51 | 55 | 34 | 63 | 91 | 125 | 86 | 170 | 193 | 207 | 284 |
Tax % | 17% | 17% | 22% | 17% | 24% | 22% | 23% | 23% | 31% | 19% | 18% | 17% |
36 | 42 | 43 | 28 | 48 | 71 | 96 | 66 | 118 | 156 | 170 | 237 | |
EPS in Rs | 20.54 | 23.87 | 3.96 | 2.56 | 3.73 | 5.10 | 6.88 | 4.71 | 8.40 | 11.14 | 12.14 | 16.92 |
Dividend Payout % | 5% | 10% | 15% | 29% | 20% | 19% | 21% | 21% | 21% | 20% | 20% | 24% |
Compounded Sales Growth | |
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10 Years: | 17% |
5 Years: | 16% |
3 Years: | 23% |
TTM: | 28% |
Compounded Profit Growth | |
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10 Years: | 20% |
5 Years: | 20% |
3 Years: | 27% |
TTM: | 41% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 45% |
3 Years: | 79% |
1 Year: | 220% |
Return on Equity | |
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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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 53 | 53 | 62 | 68 | 68 | 69 | 69 | 70 | 70 | 140 |
Reserves | 111 | 167 | 148 | 165 | 185 | 332 | 416 | 458 | 564 | 699 | 851 | 1,008 |
Preference Capital | 1 | 2 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
0 | 39 | 45 | 59 | 68 | 63 | 68 | 108 | 16 | 23 | 37 | 42 | |
39 | 50 | 72 | 103 | 98 | 125 | 157 | 171 | 194 | 215 | 259 | 324 | |
Total Liabilities | 159 | 265 | 318 | 379 | 414 | 587 | 709 | 806 | 843 | 1,008 | 1,216 | 1,513 |
18 | 19 | 22 | 56 | 61 | 68 | 68 | 127 | 200 | 206 | 222 | 241 | |
CWIP | 3 | 3 | 5 | 6 | 11 | 17 | 83 | 91 | 0 | 0 | 0 | 3 |
Investments | 8 | 63 | 67 | 52 | 58 | 59 | 61 | 90 | 97 | 120 | 168 | 394 |
130 | 181 | 224 | 265 | 284 | 444 | 497 | 498 | 546 | 681 | 826 | 876 | |
Total Assets | 159 | 265 | 318 | 379 | 414 | 587 | 709 | 806 | 843 | 1,008 | 1,216 | 1,513 |
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 | -8 | 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 | 96 | 189 |
ROCE % | 38% | 27% | 24% | 14% | 21% | 25% | 26% | 16% | 27% | 27% | 24% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 May - Annual Secretarial Compliance report for the financial year ended 31st March 2024.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
7 May - Enclosed Conference Call of the Company held on Tuesday, 30th April 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - Enclosed copy of advertisements published in Financial Express (All edition-english) and Jansatta (Regional -Hindi)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Apr - Recording of Conference Call held on 30th April 2024, for the fourth quarter and year ended 31st March 2024 is available on the Company's website.
- Re-Appointment Of Secretarial Auditors Of The Company 30 Apr
Annual reports
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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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May 2024Transcript PPT
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT REC
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Jul 2023Transcript PPT
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May 2023Transcript PPT REC
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021TranscriptPPT
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May 2021TranscriptNotesPPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptPPT
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Jan 2020Transcript PPT
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Nov 2019Transcript PPT
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Jul 2019Transcript PPT
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Jun 2019Transcript PPT
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Feb 2019Transcript PPT
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Oct 2018Transcript PPT
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Aug 2018TranscriptNotesPPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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]