Newgen Software Technologies Limited IPO – Company Profile, Price, Analysis, Update
Update:
Q1 FY 2020-21 Numbers
IT Company Newgen Software Technologies Limited (Newgen Software) has posted its Q1 FY 2020-21 numbers today.
The Company’s consolidated revenue from operations stood at INR 132.12 Cr for the period ended 30 June 2020 as against INR 130.97 Cr for the period ended 30 June 2019, increase by 0.87 per cent Y-O-Y basis.
Newgen Software revenue declined by 30.77 per cent Q-O-Q basis (INR 190.84 Cr for the quarter ended 31 March 2020)
Total expenses of the company for the period ended 30 June 2020 stood at INR 124.12 Cr, decrease 4.34 per cent Y-O-Y basis (INR 129.88 Cr) and the same was decreased by 15.93 per cent Q-O-Q basis (INR 147.65 Cr)
The Company’s PAT increased by a whopping 196 per cent Y-O-Y basis (INR 9.12 Cr v/s INR 3.08 Cr). Newgen Software reported a net profit of INR 41.47 Cr for the period ended 31 March 2020.
Newgen Software reported an EPS of INR 1.31 as against INR 0.44 a period one year ago.
The share of Newgen Software closed at INR 195.70 on the NSE, up 7.80 per cent and the number of shares traded was 1575881.
Read: Finblab Valuepick Stock Escorts Limited
11 January 2018
Newgen Software Technologies Limited (Newgen Software) – a global software Company and is engaged in the business of software product development is planning to raise INR 417.89 – 424.62 crore {INR 95 crore for Fresh Issue + (INR 322.89 – 329.62 crore) for OFS} via initial public offer (IPO)
Newgen Software – Company Profile
- Incorporated in the year 1992, Newgen Software Technologies Limited is Delhi-based Software Product Company. It offers product and platform that enables organizations to rapidly develop powerful software applications.
- Newgen Software has 4 patents registered in India and 27 outstanding patent applications in India and one outstanding patent application in the USA.
- Newgen has over 450 active customers in over 60 countries.
- The Company’s customers are served by over 265 employees.
Working Area
- Newgen Software is a provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and Case Management solutions with large, mission-critical solutions deployed at world’s leading Banks, Insurance firms, Healthcare Organizations, Governments, BPO’s & Telecom Companies.
- The company has been recognized by distinguished analyst firms including Gartner and Forrester. It has been positioned in the Magic Quadrants for Intelligent Business Process Management (iBPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and BPM-Platform-Based Case Management frameworks.
- Newgen’s Quality Systems are certified for ISO 9001:2008, ISO 27001:2013, CMMi Development (v1.3) Level 3 and CMMi Services (v1.3) Level 3.
Recent Awards
- IT. Innovations Awards – MSME for innovation in RPA at Express IT Awards 2017
- “Analytics Solution of the Year” Award for advanced analytics at Express IT Awards 2017
- “Preferred Partner for ECM solutions” Award at Infosys Finacle Global Partner Meet 2017
- Asian Banker Award 2017 for Best Branch Automation Project
- Elets PSU Summit Award 2017 – for digital-management of the Indian Customs enterprise-wide content
Company Promoters
- Mr. Diwakar Nigam
- Mr. T.S. Varadarajan
IPO Opening / Closing Dates & Listing
IPO Details – Price, Minimum Bid and Other
Financial Performance
Revenues
Newgen Software shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 195 crore in FY 2013 to INR 390 crore for the period ended FY 2017.
Profits
Though the company has shown steady growth in revenue, the company fails to register steady profit growth in those 5 years. Starting from INR 36 crore of profits in FY 2013, the company’s earnings were INR 50 crore in FY 2017.
CONCLUSION –
Considering company’s valuation and financial parameters, FinBlab recommends NEUTRAL ratings on Newgen Software IPO.
Finblab Last 5 IPO Recommendations
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