NEWGEN

Newgen Software Technologies share price & financials

Price
₹481.95
Market cap
₹7.6k Cr
Sector
Information Technology
Calls analysed
9
Latest concall · Q1 FY27 · call held 16 Jul 2026

Newgen Software Technologies Limited Q1 FY27

Revenue from Operations ₹357 cr +11%EBITDA ₹56 cr EBITDA Margin 15.7% PAT ₹63 cr +26%

What went well

  • Revenue from operations grew 11% YoY to INR357 crores, demonstrating continued resilience.
  • Annuity revenues showed strong growth of 14% YoY, reaching INR254 crores, enhancing revenue predictability.
  • SaaS and license subscription revenue surged 40% YoY to INR60 crores.

What to watch

  • Implementation revenues were weaker in the quarter due to slowest project starts across markets, especially EMEA.
  • DSO remains a challenge, though management expects a positive trend of decline in coming quarters.
Read the full call →

What Newgen Software Technologies Limited does

Newgen Software builds an enterprise-wide low-code digital transformation platform (NewgenONE) spanning content services (ECM), business process management (BPM), customer communication management (CCM), intelligent document processing (IDP) and AI/ML tooling. It sells this platform mainly to banking & financial services, insurance & healthcare, and government customers across verticals such as lending, claims, onboarding and compliance. Revenue is earned through a mix of one-time product license sales, implementation/customization services, and recurring annuity streams (ATS/AMC, cloud subscription and support), delivered directly and through a global office network.

Segments

  • Annuity Revenue
  • Sale of Products
  • Sale of Services
Employee base
~4,300
Countries served
79
Direct international presence
8 countries, with global offices in the US (McLean, VA), India (Bengaluru), UAE (Dubai), Saudi Arabia, Australia (Sydney) and Singapore
Industry verticals served
17
Large customers (billing over Rs 50 million)
101
New customer logos added (FY26)
47
Founded 1992Headquarters New Delhi, India Company website

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 3 delivered 4 missed 8 open
  • Annual Revenue Growth missed said Q1 FY25 Promised: above 20% and between 20%, 25% Q1 FY27: The original FY26 target is now historical. Management has issued new guidance for FY27 for 'double-digit' growth.
  • New Client Additions on track said Q2 FY25 Promised: 20, 30 clients every year Q1 FY27: Added 10 new logos in Q1 FY27, on pace to meet or exceed the annual target of 20-30 for FY27.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 11.2%, net profit up 26.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue361 381 430 321 401 +11%400 +5%453 +5%357 +11%
EBITDA83 108 137 45 102 +23%106 −2%152 +11%56 +24%
Net profit70 89 108 50 82 +17%63 −29%106 −2%63 +26%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −43.3% 1Y

₹0.4k₹0.6k₹0.8k₹1.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 20 Jan 2026Q3 FY26 — 23 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 16 Jul 2026

1Y: ₹884.95 on 10 Sept 2025 → ₹501.4. High ₹996.55 (28 Oct 2025), low ₹402.3 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−2.8%
16 Jul
Q4 FY26
+5.3%
30 Apr
Q3 FY26
−14.5%
20 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 17.4% a year over 3 years, FY23 to FY26. Operating margin widened to 25.7%.

Year endingFY23FY24FY25FY26
Revenue₹974 Cr₹1.2k Cr₹1.5k Cr₹1.6k Cr
Operating profit₹212 Cr₹289 Cr₹376 Cr₹405 Cr
Operating margin21.8%23.2%25.3%25.7%
Interest₹4 Cr₹4 Cr₹4 Cr₹5 Cr
Depreciation₹25 Cr₹28 Cr₹34 Cr₹36 Cr
Net profit₹176 Cr₹251 Cr₹315 Cr₹301 Cr
Net margin18.1%20.2%21.2%19.1%
ROCE24.0%27.0%28.0%25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹69 Cr₹70 Cr₹70 Cr₹140 Cr₹141 Cr₹141 Cr
Reserves₹596 Cr₹742 Cr₹913 Cr₹1.1k Cr₹1.5k Cr₹1.6k Cr
Borrowings₹20 Cr₹28 Cr₹43 Cr₹49 Cr₹52 Cr₹39 Cr
Other liabilities₹235 Cr₹264 Cr₹319 Cr₹414 Cr₹427 Cr₹626 Cr
Total liabilities₹921 Cr₹1.1k Cr₹1.3k Cr₹1.7k Cr₹2.1k Cr₹2.4k Cr
Fixed assets₹205 Cr₹230 Cr₹245 Cr₹248 Cr₹247 Cr₹239 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹3 Cr₹1 Cr₹1 Cr
Investments₹83 Cr₹92 Cr₹131 Cr₹365 Cr₹586 Cr₹703 Cr
Other assets₹632 Cr₹781 Cr₹969 Cr₹1.1k Cr₹1.2k Cr₹1.5k Cr
Total assets₹921 Cr₹1.1k Cr₹1.3k Cr₹1.7k Cr₹2.1k Cr₹2.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +7.11 pp while FIIs trimmed −5.36 pp. The shareholder count grew 36% to 2,00,312.

Promoters
53.5%
FIIs
13.8%
DIIs
8.2%
Public
23.9%
Others
0.7%

Since Jun 2025

  • Public +7.11 pp
  • FIIs −5.36 pp
  • DIIs −1.31 pp

How it drifted, 12 quarters

Over this window the public went from 19.4% to 23.9% — +4.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 55.2%, FIIs 15.9%, DIIs 9.2%, Public 19.4%, Others 0.3%.Dec '23: Promoters 55.1%, FIIs 15.2%, DIIs 9.7%, Public 19.5%, Others 0.4%.Mar '24: Promoters 55.0%, FIIs 16.4%, DIIs 9.7%, Public 18.5%, Others 0.4%.Jun '24: Promoters 54.3%, FIIs 17.9%, DIIs 10.0%, Public 17.6%, Others 0.3%.Sep '24: Promoters 54.3%, FIIs 20.0%, DIIs 8.9%, Public 16.5%, Others 0.3%.Dec '24: Promoters 54.3%, FIIs 20.3%, DIIs 9.1%, Public 16.1%, Others 0.3%.Mar '25: Promoters 53.8%, FIIs 19.4%, DIIs 9.1%, Public 16.7%, Others 1.0%.Jun '25: Promoters 53.8%, FIIs 19.1%, DIIs 9.5%, Public 16.8%, Others 0.8%.Sep '25: Promoters 53.8%, FIIs 17.6%, DIIs 9.6%, Public 18.3%, Others 0.7%.Dec '25: Promoters 53.5%, FIIs 17.3%, DIIs 9.7%, Public 18.4%, Others 1.1%.Mar '26: Promoters 53.5%, FIIs 14.5%, DIIs 8.8%, Public 22.3%, Others 0.8%.Jun '26: Promoters 53.5%, FIIs 13.8%, DIIs 8.2%, Public 23.9%, Others 0.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Newgen Software Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Tirumalai Sundaraja Iyengar Varadarajan 22.23%unchanged
Diwakar Nigam 22.00%unchanged
Priyadarshini Nigam 9.22%unchanged
Marathon Edge India Fund I VC / PE5.41%unchanged
Massachusetts Institute Of Technology Endowment4.08%unchanged
Goldman Sachs Funds - Goldman Sachs India Equity P Global fund house2.18%unchanged
Sonali Nigam 0.00%unchanged
T.S. Devanathan 0.00%unchanged
T.S.S. Deshikan 0.00%unchanged
T.S. Amruthavalli 0.00%unchanged
Ujjwal Varadarajan 0.00%unchanged
V. Divya 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in NEWGEN

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.02 L shares (+1.1%).

Held by funds
₹9 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹5 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹5 Cr+0.01 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹3 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +1,831 shares (+1.1%)

Funds are sitting on
-57%
vs est. average cost
Held by funds
₹9 Cr
5 schemes · ≈ 0.11% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹5 Cr · 0.1% of that fund

Shares held by these funds −8%

Dec '22 1.74 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹501, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~19%. At that growth it is worth ₹582 — upside of 16%.

Growth the price implies
16.0% a year
for 7 years, fading to 4%
It has actually compounded at
19.6% a year
net profit, FY23–FY26 · EPS 18.9%
The gap
-0.0 pp
16% downside if it only repeats history
Price today ₹501.4 Value at the reference growth ₹582.27

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Newgen Software Technologies Limited

Guides on how to read this kind of business and the numbers that matter.