Newgen Software Technologies Ltd

NSE
NEWGEN •
BUY

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Start SIP in Newgen Software Technologies Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
264.16% Gain from 52W Low
17.3
TTM PE Ratio
Below industry Median
49.2
Price to Book Ratio
Below industry Median
11.3
Dividend yield 1yr %
Low in industry
0.3
TTM PEG Ratio
PEG TTM is slightly more than 1
1.1
RSI
RSI is mid-range
49.4
MFI
MFI is mid-range
53.5

Newgen Software Technologies Ltd Key Financials

*All values are in ₹ Cr.

Newgen Software Technologies Ltd shareholding Pattern

Promoter
55.1%
Foreign Institutions
15.2%
Mutual Funds
3.7%
Domestic Institutions
9.8%
Public
19.5%

Newgen Software Technologies Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
7
Bearish Moving Averages
9
5Day EMA
799.80
10Day EMA
792.30
12Day EMA
791.70
20Day EMA
792.80
26Day EMA
792.60
50Day EMA
773.80
100Day EMA
703.10
200Day EMA
583.00
Delivery & Volume
Resistance & Support
799.73
Pivot
Resistance
First Resistance
823.22
Second Resistance
857.48
Third Resistance
880.97
Support
First Support
765.47
Second support
741.98
Third Support
707.72
Relative Strength Index
49.36
Money Flow Index
53.50
MACD
-0.96
MACD Signal
-4.49
Average True Range
38.04
Average Directional Index
18.63
Rate of Change (21)
-6.48
Rate of Change (125)
82.76

Newgen Software Technologies Ltd Company background

Founded in: 1992
Managing director: Diwakar Nigam
Newgen Software Technologies Limited is a provider of Business Process Management, Enterprise Content Management and Customer Communication Management platforms with large, missioncritical solutions deployed at worlds leading Banks, Governments, BPOs IT Companies, insurance firms and Healthcare Organizations.Newgen Software Technologies Limited is a software products company offering a platform that enables organisations to rapidly develop powerful applications addressing their strategic business needs. The applications created on its platform enable organisations to drive digital transformation and competitive differentiation. This may include automation of routine business functions making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed.The Customers use the platform of the company to rapidly design, build and implement enterprisegrade custom applications through its intuitive, visual interface with minimal coding. The Platform comprises of: Enterprise Content Management (ECM), Business Process Management (BPM), Customer Communication Management (CCM). Being built on the same technology architecture, these suites are wellintegrated and offer its customers ease of implementation and use. These suites can be deployed onpremise as well as on cloud. Increasingly, the customers are choosing to use its product suites on cloud on a subscription basis.The Companys gotomarket strategy consists of direct sales supplemented by sales through its channel partners. Its direct sales are made by the Company in India and its Subsidiaries located in USA, UK, Singapore and Canada, through its sales and marketing teams, which, as of March 2018 comprised more than 270 employees. As of March 2018, the company has more than 300 channel partners globally. As of March 2018, the company has over 520 active customers in over 60 countries. Some of its key active customers include Trust Company of America, Mercantil Bank, ICICI Bank, Trafigura, Bajaj Electricals, United Arab Bank, National Commercial Bank Jamaica, Axis Bank, Yes Bank, Kotak Mahindra Bank, Bank Islam Brunei Darussalam, Philippines Resource Saving Bank, ICICI Prudential Life Insurance, Reliance General Insurance, Max Life Insurance, Strides Shasun and Shriram Transport Finance. The enterprisewide, missioncritical solutions of the company have been used by some of the leading global businesses in various sectors including banking, government/PSUs, BPO/IT, insurance and healthcare.Newgen Software Technologies Limited was incorporated as a private limited company with the name Newgen Software Technologies Private Limited on June 5, 1992. The Company became a deemed public limited company from July 1, 1997. During the year 1997, Newgen Software Inc., USA was incorporated as a wholly owned subsidiary of the company. The name of the company was changed to Newgen Software Technologies Limited and the company was converted into a public limited company with effect from June 13, 2000.In 2008, the company received investment from SAP AG, Germany and HAV 2 (Mauritius) Limited. During the year under review, the company released OmniDocs 7.0 This version was developed with focus on stability, performance and improved manageability. Subsequently, the company released RMS 2.0 Updates focused around DoD 5015.02STD certified RMS, enhanced record policies, search retrieve operations in 2011. In the next year 2012, two subsidiary companies namely Newgen Software Technologies Canada Ltd. (Newgen Canada) and Newgen Software Technologies Pte. Ltd. (Newgen Singapore) were incorporated by the company. In 2013, the company released ZapIn 1.2.1 Mobile capture solution and received investment from IDGVI and Ascent Capital. In 2014, the company released NEMF Newgen Enterprise Mobility Framework to rapidly create rich mobile applications and iBPS 2.1 Updates focused around providing social, mobile and analytics capabilities. In the year 2015, the company incorporated a subsidiary company in United Kingdom with the name Newgen Software UK. In 2017, the company released OmniOMS 8.0 Updates focused around endtoend interactive and ondemand use cases, realtime communication generation from devices and business systems, multichannel distribution and HTML5 based emails.On 28/09/2017 the company filed Draft Red Herring Prospectus and on 16/01/2018 filed Red Herring Prospectus with SEBI for raising Rs. 424.62 cr. The Issue dates were from 16/01/2018 to 18/01/2018 with Price Band of Rs. 240 to Rs. 245. The Issue got subscribed 8.17 times leading to its Issue Price being fixed at Rs. 245. The Shares got listed in BSE and NSE on 29/01/2018 at Rs. 253 which is 3.27% above Issue Price.On 20 March 2018, Newgen Software Inc. (wholly owned subsidiary of Newgen Software Technologies Limited) announced the release of Mobile Medicare Enrolment (MME) solution for the US Health Plans. Built on a robust platform, Newgen Enterprise Mobility Framework (NEMF), the suite allows Health Plans to eliminate paperbased enrollments and reduce operational costs significantly.The Board of Directors of Newgen Software Technologies Limited at its meeting held on 4 June 2018 authorised Mr. Diwakar Nigam, Chairman Managing Director and Mr. T.S. Varadarajan, Wholetime Director, severally, and other officials as may be designated by them for this purpose, to execute necessary documents for acquisition of a property at NoidaGreater Noida Expressway, Uttar Pradesh for using it as Office Premises at an aggregate consideration upto Rs 50 crore. This will be financed from net proceeds of the Initial Public Offer. The above consideration excludes transfer charges, stamp duty on registry, consultancy charges, brokerage fee and processing fee etc. On 28 June 2018, Newgen Software Technologies Limited announced that the company has received a work order for Document Management System (DMS) and digitization project of the records of District and Subordinate Courts in the State of Maharashtra on turnkey basis, subject to approval of pilot phase. This work order pertains to digitisation of Judicial Records (metadata Creation and DARIMS Pages population (Mostly legal size). Total size of work order is Rs 63.93 crore.On 7 August 2018, Newgen Software Inc. (subsidiary of Newgen Software Technologies Limited) announced that the American National Bank of Texas (ANBTX) has selected its consumer loan origination solution to digitize and automate its retail lending process. This will enable ANBTX to offer a more proactive and comprehensive endtoend solution while delivering an enhanced customer experience. On 7 August 2018, Newgen Software Inc. (subsidiary of Newgen Software Technologies Limited) announced that Credit Union of Colorado has selected its Account Opening and Loan Origination solutions on Cloud, to streamline critical banking processes and offer personalized and enhanced services to its customers.On 19 September 2018, Newgen Software Technologies Limited announced that the company has executed an agreement with Hewlett Packard Enterprise India Private Limited for supply of software licences related services. The size of the work order is Rs 78.85 crore (approx).
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Newgen Software Technologies Ltd FAQs

Newgen Software Technologies Ltd shares are currently priced at 788.95 on NSE and 791.5 on BSE as of 2/27/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Newgen Software Technologies Ltd [NEWGEN] share was 260.2. The Newgen Software Technologies Ltd [NEWGEN] share hit a 1-year low of Rs. 216.65 and a 1-year high of Rs. 901.05.

The market cap of Newgen Software Technologies Ltd is Rs. 11056.25 Cr. as of 2/27/2024 12:00:00 AM.

The PE ratios of Newgen Software Technologies Ltd is 52.21 as of 2/27/2024 12:00:00 AM.

The PB ratios of Newgen Software Technologies Ltd is 11.45 as of 2/27/2024 12:00:00 AM

The Mutual Fund Shareholding was 3.7% at the end of 2/27/2024 12:00:00 AM.

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