Employees: 4,300
Size Newgen Software Technologies (NEWGEN.NS) is an India Information Technology company (Packaged Software) with a market value of $665M, the 738th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹440.70 on 6 Nov 2026.
Performance Over six months the shares fell 12.0%, against -14.4% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +1.5%); the operating margin is 23.7% (peer median 2.1%).
Valuation It trades at 16.8× forward earnings against a peer median of 17.0× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 21.4 points above its cost of capital (19.1% WACC).
Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹16.3B | ₹15.7B | ₹14.9B | ₹12.4B | ₹9.74B |
| Revenue growth | — | +6% | +20% | +28% | — |
| Gross profit | ₹3.86B | ₹6.99B | ₹6.50B | ₹5.27B | ₹3.92B |
| EBITDA | ₹4.23B | ₹4.21B | ₹3.82B | ₹2.92B | ₹2.18B |
| Net income | ₹3.19B | ₹3.01B | ₹3.15B | ₹2.52B | ₹1.77B |
| Free cash flow | n/a | ₹2.53B | ₹2.24B | ₹2.85B | ₹1.35B |
| Capital expenditure | n/a | ₹97.5M | ₹234M | ₹138M | ₹168M |
| Total debt | ₹434M | ₹394M | ₹535M | ₹485M | ₹427M |
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| Measure | NEWGEN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -2.6% | 7th highest of 21 |
| 6-month return | -12.0% | -14.4% | 10th highest of 21 |
| Distance from 52-week high | -56.7% | -37.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +6.5% | +1.5% | 10th highest of 21 |
| Operating margin | 23.7% | 2.1% | 4th highest of 21 |
| Forward P/E | 16.8× | 17.0× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 21.7% | 2.9% | 4th most demanding of 10 |
| Growth delivered (Del g) | +18.5% | +10.3% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | +3.2 pp | -4.7 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | +21.4 pp | -9.1 pp | 4th highest of 21 |
| EV / EBITDA | 12.1× | 8.7× | 2nd most expensive of 8 |
| Net debt / EBITDA | -2.7× | 0.4× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Newgen Software Technologies NEWGEN.NS | India | $665M | -12% | +6% | 24% | 16.8× | 21.7% | +18.5% |
| Pansoft 300996.SZ | China | $665M | -11% | -4% | 11% | 46.0× | n/a | n/a |
| Beijing Deep Glint Technology 688207.SS | China | $663M | +15% | -14% | -195% | n/a | n/a | n/a |
| AIC 3693.TWO | Taiwan | $667M | -22% | -21% | 8% | n/a | 22.9% | +20.2% |
| Beijing Thunisoft 300271.SZ | China | $663M | -13% | +11% | -9% | n/a | n/a | n/a |
| Inspur Software 600756.SS | China | $669M | -23% | -25% | -25% | n/a | n/a | n/a |
| Sprout Social SPT | United States | $669M | +63% | +11% | -5% | 7.0× | 0.2% | +28.0% |
| Shenzhen Sunshine Laser & Electronics Technology 300227.SZ | China | $673M | -33% | +90% | -15% | n/a | n/a | n/a |
| Hansong (Nanjing) Technology 301491.SZ | China | $673M | -28% | +26% | 10% | n/a | -1.4% | +9.7% |
| Hello Group Inc. Sponsored ADR MOMO | United States | $654M | -26% | 0% | 11% | 5.8× | n/a | n/a |
| Ningbo Ligong Environment and Energy Technology 002322.SZ | China | $677M | +9% | +9% | 26% | 11.1× | -5.4% | -0.8% |
| Alfa Financial Software ALFA.L | United Kingdom | $651M | +4% | +8% | 30% | 17.0× | -2.0% | +9.9% |
| Sabre SABR | United States | $680M | -18% | -3% | 14% | 23.0× | n/a | n/a |
| Priority Technology PRTH | United States | $650M | +18% | +9% | 14% | 6.7× | 2.9% | +18.7% |
| DoubleDown Interactive Co., Ltd. Sponsored ADR DDI | United States | $682M | +17% | +14% | 38% | 5.6× | n/a | n/a |
| Hypoport HYQ.DE | Germany | $648M | -2% | -5% | 6% | 20.2× | 22.2% | +9.2% |
| DBAPPSecurity 688023.SS | China | $646M | -6% | +2% | -5% | 115.5× | 5.6% | +10.3% |
| Genew Technologies 688418.SS | China | $688M | -49% | -12% | -22% | 26.8× | n/a | n/a |
| Sunyard Technology 600571.SS | China | $690M | -22% | +1% | -1% | n/a | n/a | n/a |
| Mingchen Health 002919.SZ | China | $640M | -33% | +19% | -5% | n/a | 27.2% | +17.5% |
| UBISOFT Entertainment UBI.PA | France | $692M | -15% | -27% | -87% | n/a | n/a | n/a |