Newgen Software Technologies Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹6,493 Cr
- P/E
- 18.92
- ROE
- 19.59%
- PEG
- 0.84
- Price to sales
- 4.03
- Debt to equity
- 0.02
- 52W high / low
- ₹996 / ₹402
- Sales growth (5Y)
- 18.54%
- EBITDA margin
- 25.87%
- Net profit margin
- 20.50%
- Promoter holding
- 53.45%
- Sales (last year)
- ₹1,610 Cr
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.
Guidance scorecard · Q2 FY27 call
What Newgen Software Technologies Ltd's management guided
and where it ranks in IT - Software
IT - Software
RevenueQ1 FY27 call
10–20%- The pipeline growth is healthy with good demand across product lines.
- Double-digit revenue growth is expected in coming quarters, building on Q1's 11% YoY growth.
- Developed market revenues (U.S., UK, Australia) are growing strongly and expected to sustain growth with new additions and mining of customers.
- India and EMEA pipelines for large deals have improved, with deal closures anticipated in near quarters.
- The company focuses on large-value deals with multimillion-dollar bookings, aiming for sizable deal wins to enhance revenue.
- Annuity-led revenue streams and subscription-based revenues are increasing, contributing to predictable and durable revenue growth.
2 more points from Newgen Software Technologies Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Newgen Software Technologies Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is currently deliberating on acquisitions but has not completed any; the acquisition process is taking time to find the right fit.
- The company continues to invest heavily in R&D (around 8-9% of revenues) focusing on AI-led capabilities and product innovation.
- Investment is ongoing in expanding enterprise agent orchestration and strengthening AI governance and trust frameworks.
- Overall, the focus remains on investing in innovation and customer success rather than explicit capital expenditures or strategic investments at this time.
FundraisingQ1 FY27 call
See what Newgen Software Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The pipeline is healthy with a mix of large and midsized deals expected to close in coming quarters.
- India and EMEA regions have good pipeline growth, particularly in license cases and modernization programs.
- Middle East and APAC regions show strong demand with new and mining deals, especially in UAE, Qatar, Kuwait, and government sectors.
- The booking numbers are growing at double digits, indicating strong momentum.
- Several multimillion-dollar deals have closed recently, with large deals contributing significantly to total bookings.
2 more points from Newgen Software Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Software companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹569 Cr | 34.7 | |
| 2 | 40%+ | Flat | ₹336 Cr | 7.3 | |
| 3 | CapitalNumbers | 20–40% | Up 2%+ | ₹181 Cr | 9.2 |
| 4 | 20–40% | Up 2%+ | ₹159 Cr | 11.5 | |
| 5 | 20–40% | Up 0–2% | ₹1,826 Cr | 28.5 | |
| 6 | 20–40% | Flat | ₹4,341 Cr | 84.7 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Software rankingNewgen Software Technologies Ltd announcements
All announcements →- Acquisition / mergerNotableNewgen Software Technologies approves quarter and half-year results and amalgamation scheme
Financials of Newgen Software Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Newgen Software Technologies Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 55.07% | 55.01% | 54.30% | 54.30% | 54.30% | 53.78% | 53.78% | 53.76% | 53.52% | 53.52% | 53.45% | 53.45% |
| FIIs + | 15.22% | 16.41% | 17.85% | 19.97% | 20.31% | 19.36% | 19.14% | 17.62% | 17.34% | 14.48% | 13.78% | 13.83% |
| DIIs + | 9.73% | 9.71% | 9.96% | 8.93% | 9.10% | 9.13% | 9.46% | 9.58% | 9.68% | 8.85% | 8.15% | 8.59% |
| Public + | 19.54% | 18.53% | 17.59% | 16.52% | 16.06% | 16.72% | 16.77% | 18.33% | 18.39% | 22.34% | 23.88% | 23.42% |
| Others + | 0.43% | 0.37% | 0.30% | 0.26% | 0.25% | 1.00% | 0.85% | 0.70% | 1.07% | 0.81% | 0.74% | 0.70% |
| No. of Shareholders | 99,306 | 1,13,594 | 1,11,135 | 1,12,542 | 1,26,410 | 1,49,297 | 1,47,452 | 1,65,772 | 1,63,917 | 1,93,680 | 2,00,312 | 1,93,412 |
Financials of Newgen Software Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 293 | 324 | 375 | 315 | 361 | 381 | 430 | 321 | 401 | 400 | 453 | 357 | 422 |
| Expenses + | 236 | 247 | 253 | 267 | 278 | 273 | 293 | 276 | 298 | 294 | 301 | 301 | 313 |
| Operating Profit | 57 | 77 | 123 | 48 | 83 | 108 | 137 | 45 | 102 | 106 | 152 | 56 | 109 |
| OPM % | 20% | 24% | 33% | 15% | 23% | 28% | 32% | 14% | 26% | 27% | 34% | 16% | 26% |
| Other Income + | 9 | 11 | 15 | 23 | 19 | 8 | 14 | 29 | 13 | -15 | -4 | 36 | 11 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Profit before tax | 59 | 80 | 129 | 61 | 93 | 107 | 141 | 64 | 105 | 80 | 138 | 82 | 110 |
| Tax % | 18% | 15% | 18% | 23% | 24% | 17% | 23% | 22% | 22% | 22% | 23% | 23% | 21% |
| Net Profit + | 48 | 68 | 105 | 48 | 70 | 89 | 108 | 50 | 82 | 63 | 106 | 63 | 87 |
| EPS in Rs | 3.41 | 4.88 | 7.50 | 3.39 | 5.01 | 6.34 | 7.65 | 3.51 | 5.77 | 4.41 | 7.47 | 4.41 | 6.10 |
Financials of Newgen Software Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 308 | 347 | 427 | 512 | 621 | 661 | 673 | 779 | 974 | 1,244 | 1,487 | 1,574 | 1,632 |
| Expenses + | 251 | 307 | 357 | 415 | 493 | 556 | 480 | 584 | 762 | 956 | 1,111 | 1,169 | 1,209 |
| Operating Profit | 58 | 39 | 70 | 98 | 128 | 105 | 192 | 195 | 212 | 288 | 376 | 406 | 423 |
| OPM % | 19% | 11% | 16% | 19% | 21% | 16% | 29% | 25% | 22% | 23% | 25% | 26% | 26% |
| Other Income + | 8 | 3 | 8 | 8 | 20 | 21 | 15 | 30 | 34 | 48 | 64 | 24 | 29 |
| Interest | 2 | 4 | 5 | 5 | 9 | 11 | 6 | 3 | 4 | 4 | 5 | 5 | 5 |
| Depreciation | 4 | 4 | 5 | 6 | 6 | 20 | 20 | 18 | 25 | 28 | 33 | 37 | 37 |
| Profit before tax | 59 | 34 | 68 | 94 | 134 | 95 | 181 | 203 | 217 | 304 | 402 | 387 | 410 |
| Tax % | 21% | 19% | 25% | 23% | 23% | 23% | 30% | 19% | 19% | 17% | 22% | 22% | |
| Net Profit + | 46 | 28 | 51 | 73 | 102 | 73 | 126 | 164 | 177 | 252 | 315 | 301 | 319 |
| EPS in Rs | 4.29 | 2.58 | 3.99 | 5.26 | 7.34 | 5.20 | 9.03 | 11.73 | 12.64 | 17.93 | 22.26 | 21.12 | 22.39 |
| Dividend Payout % | 14% | 29% | 18% | 19% | 20% | 19% | 19% | 19% | 20% | 22% | 22% | 28% |
Financials of Newgen Software Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 62 | 68 | 68 | 69 | 69 | 70 | 70 | 140 | 140 | 141 | 142 |
| Reserves | 148 | 166 | 188 | 337 | 428 | 480 | 596 | 742 | 913 | 1,084 | 1,376 | 1,636 | 1,711 |
| Borrowings + | 55 | 69 | 71 | 66 | 68 | 76 | 20 | 28 | 43 | 49 | 53 | 39 | 43 |
| Other Liabilities + | 68 | 101 | 106 | 138 | 177 | 245 | 235 | 264 | 319 | 414 | 475 | 626 | 526 |
| Total Liabilities | 324 | 389 | 427 | 609 | 742 | 871 | 921 | 1,103 | 1,345 | 1,686 | 2,045 | 2,442 | 2,422 |
| Fixed Assets + | 23 | 57 | 62 | 68 | 69 | 130 | 205 | 230 | 245 | 248 | 259 | 239 | 238 |
| CWIP | 5 | 6 | 11 | 17 | 83 | 91 | 0 | 0 | 0 | 3 | 0 | 1 | 1 |
| Investments | 60 | 45 | 49 | 50 | 52 | 76 | 83 | 92 | 131 | 365 | 508 | 703 | 744 |
| Other Assets + | 236 | 281 | 306 | 474 | 539 | 574 | 632 | 781 | 969 | 1,070 | 1,278 | 1,499 | 1,438 |
| Total Assets | 324 | 389 | 427 | 609 | 742 | 871 | 921 | 1,103 | 1,345 | 1,686 | 2,045 | 2,442 | 2,422 |
Financials of Newgen Software Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 9 | 11 | 36 | 60 | 102 | 90 | 216 | 143 | 136 | 281 | 215 | 232 |
| Cash from Investing Activity + | -9 | -6 | -5 | -17 | -85 | -100 | -142 | -79 | -88 | -217 | -168 | -145 |
| Cash from Financing Activity + | -6 | -1 | -21 | 68 | -5 | -47 | -102 | -32 | -44 | -47 | -68 | -87 |
| Net Cash Flow | -6 | 5 | 11 | 111 | 12 | -58 | -28 | 32 | 4 | 17 | -21 | -0 |
| Free Cash Flow | -1 | -11 | 29 | 41 | 30 | 46 | 204 | 130 | 120 | 268 | 192 | 223 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 38% | 70% | 75% | 84% | 100% | 117% | 129% | 98% | 83% | 117% | 76% | 86% |
Financials of Newgen Software Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 208 | 216 | 171 | 158 | 149 | 149 | 129 | 131 | 145 | 130 | 137 | 164 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 208 | 216 | 171 | 158 | 149 | 149 | 129 | 131 | 145 | 130 | 137 | 164 |
| Working Capital Days | 104 | 108 | 74 | 79 | 63 | 47 | 61 | 65 | 72 | 54 | 72 | 81 |
| ROCE % | 14% | 22% | 25% | 27% | 18% | 28% | 27% | 24% | 27% | 28% | 25% |
Guidance history
How Newgen Software Technologies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 0–10% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | — | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | — | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
10 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −54.3% | 3% |
| Last 6 months | −9.9% | 37% |
| Last 3 months | −17.6% | 22% |
The price is 73.1% below its all-time high of ₹1,690.15 (3 Jan 2025). Stocks more than 20% below their peak have their score halved, so 20 became 10.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Newgen Software Technologies Ltd: 0.4 × 3 + 0.4 × 37 + 0.2 × 22 = 20, halved to 10 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Newgen Software Technologies Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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