|
17 Jun 2025 |
Newgen Software
|
Consensus Share Price Target
|
1233.60 |
1180.20 |
- |
-4.33 |
buy
|
|
|
|
|
05 May 2025
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1166.00
|
1041.70
(18.42%)
|
Target met |
Buy
|
|
|
|
|
21 Jan 2025
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1700.00
|
1311.35
(-5.93%)
|
37.81 |
Hold
|
|
|
|
|
18 Nov 2024
|
Newgen Software
|
FundsIndia
|
1233.60
|
1453.00
|
1044.35
(18.12%)
|
Target met |
Buy
|
|
|
|
|
16 Oct 2024
|
Newgen Software
|
ICICI Securities Limited
|
1233.60
|
1260.00
|
1269.55
(-2.83%)
|
Target met |
Hold
|
|
|
Newgen reported strong revenue growth of 23.2% YoY in Q2FY25 led by license sales predominantly in APAC and healthy growth across other markets.
|
|
16 Oct 2024
|
Newgen Software
|
ICICI Direct
|
1233.60
|
1465.00
|
1269.55
(-2.83%)
|
Target met |
Buy
|
|
|
|
|
19 Jul 2024
|
Newgen Software
|
ICICI Securities Limited
|
1233.60
|
1010.00
|
1004.35
(22.83%)
|
Target met |
Hold
|
|
|
Newgen reported in-line revenue growth of 25% YoY. EBIT margin was at 12.7%, outperforming consensus estimates of 11.3%, despite increased hiring, employee cost and investment in sales and marketing.
|
|
19 Jul 2024
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1072.00
|
1004.35
(22.83%)
|
Target met |
Hold
|
|
|
|
|
01 May 2024
|
Newgen Software
|
Edelweiss
|
1233.60
|
1000.00
|
929.05
(32.78%)
|
Target met |
Buy
|
|
|
Coasting along a strong and stable growth trajectory
|
|
30 Apr 2024
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1072.00
|
982.55
(25.55%)
|
Target met |
Buy
|
|
|
|
|
17 Jan 2024
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1042.00
|
871.20
(41.60%)
|
Target met |
Buy
|
|
|
|
|
16 Jan 2024
|
Newgen Software
|
Edelweiss
|
1233.60
|
1000.00
|
900.30
(37.02%)
|
Target met |
Buy
|
|
|
Coasting along a strong and stable growth trajectory
|
|
30 Nov 2023
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1631.00
|
1455.65
(-15.25%)
|
Target met |
Buy
|
|
|
|
|
18 Oct 2023
|
Newgen Software
|
IDBI Capital
|
1233.60
|
1220.00
|
1117.30
(10.41%)
|
Target met |
Buy
|
|
|
|
|
17 Oct 2023
|
Newgen Software
|
Edelweiss
|
1233.60
|
1200.00
|
1041.40
(18.46%)
|
Target met |
Buy
|
|
|
Soaring on Digital transformation demand
|
|
20 Jul 2023
|
Newgen Software
|
Bonanza
|
1233.60
|
850.00
|
802.65
(53.69%)
|
Target met |
Buy
|
|
|
Newgen Software reported revenue of ? 2.5bn, up 34% YoY in Q1FY24. Strong revenue growth in a seasonally weak quarter was driven by high growth in license revenue (up 185% YoY) and annuity revenue (up 26.3% YoY). Growth was strong across all markets - APAC grew 45.7% YoY, EMEA grew 38.4%, US grew 35.8% and India grew 24.5%.
|
|
20 Jul 2023
|
Newgen Software
|
ICICI Securities Limited
|
1233.60
|
859.00
|
717.10
(72.03%)
|
Target met |
Buy
|
|
|
Newgen Software Tech (Newgen) reported revenue of INR 2,517mn, up 33.9% YoY (ISEC: 21.8%) in Q1FY24. Strong revenue growth in a seasonally weak quarter was driven by high growth in license revenue (up 184.6% YoY) and annuity revenue (up 26.3% YoY). Growth was strong across all markets - India grew 24.5% YoY, EMEA grew 38.4% YoY, APAC grew 45.7% YoY and US grew 35.8% YoY.
|
|
17 Jul 2023
|
Newgen Software
|
ICICI Securities Limited
|
1233.60
|
797.00
|
688.70
(79.12%)
|
Target met |
Buy
|
|
|
We re-initiate coverage on Newgen with a BUY rating and 12-month target price of Rs797, implying 19% potential upside. Newgen, with annual revenue of US$121mn in FY23, is a software product company with most of its revenue derived from low code business process automation (BPM), enterprise content management (ECM) and customer communication management (CCM).
|
|
04 May 2023
|
Newgen Software
|
Bonanza
|
1233.60
|
650.00
|
550.20
(124.21%)
|
Target met |
Buy
|
|
|
Newgen reported decent financials for Q4FY23. The company’s Q3 & Q4 are stronger than H1. Newgen added 11 new clients in Q4FY24, taking the total to 47 in FY23. Subscription and annuity revenue grew 25% and 32% YoY to ? 880mn / ? 1.66bn.
|
|
03 May 2023
|
Newgen Software
|
ICICI Direct
|
1233.60
|
660.00
|
550.15
(124.23%)
|
Target met |
Buy
|
|
|
|
|
02 May 2023
|
Newgen Software
|
Edelweiss
|
1233.60
|
690.00
|
566.00
(117.95%)
|
Target met |
Buy
|
|
|
Strong performance; robust order book
|