Newgen Software Technologies Ltd(NEWGEN)

NSE: NEWGENBSE: 540900

₹ 459-3.46%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 6,541 crWebsite: www.newgensoft.comUpdated: 24 Oct 2026

About

Newgen Software Technologies is an India-headquartered enterprise software company that sells a low-code process-automation and content-management platform (NewgenONE) to banks, insurers, governments and healthcare organisations, with group installations in 79 countries. Revenue in FY26 was Rs 1574.4 Cr, with annuity revenue making up 62% of the total. Around 70% of revenue comes from international markets.^[1][2]

Geographic segments

EMEA: Rs 489.13 Cr revenue in FY26, 31.1% of total, vs Rs 481.25 Cr in FY25.^[3][4]
India: Rs 452.96 Cr revenue in FY26, 28.8% of total, vs Rs 458.68 Cr in FY25.^[3][4]
USA: Rs 369.02 Cr revenue in FY26, 23.4% of total, vs Rs 316.46 Cr in FY25. USA grew 17% YoY in FY26.^[3][4][2]
APAC: Rs 263.28 Cr revenue in FY26, 16.7% of total, vs Rs 230.49 Cr in FY25. APAC grew 14% YoY in FY26.^[3][4][2]
Over FY2018-FY2026, APAC's share of revenue rose 8.1 points and India's fell 6.5 points.^[3]

Revenue mix and annuity shift

Annuity revenue was 62% of revenue in FY26, up from 56% in FY25.^[2][4]
Subscription revenue grew 24% YoY to INR 525 crores in FY26. The SaaS part grew 36% YoY for the full year and 44% YoY in Q4 FY26.^[5]
Annuity revenue was ~INR 254 crores in Q1 FY27, up 14% YoY. Implementation revenue fell ~INR 12 crores short because project starts slipped in EMEA and India.^[6]
SaaS and license subscription revenue was ~INR 60 crores in Q1 FY27, up 40% YoY. Deferred revenue rose from ~INR 220 crores to ~INR 300 crores over FY26.^[6]

Platform and products

The core offering is NewgenONE, a low-code platform that combines business process management, content services and communication management. It is sold on-premise or as cloud-native SaaS.^[5]
The strategy targets ECM, BPM and CCM enterprise platforms and the low-code and hyper-automation market.^[2]
The AI agents LumYn, Harper (customer intelligence) and Marvin (productivity) extend the NewgenONE Enterprise Orchestration Platform.^[2]
Vertical AI products have launched in trade finance (AURA AI), insurance underwriting and claims, government (RMS, IDP, tender management) and healthcare (appeals, provider lifecycle management).^[6]
The company recently added a Policy Administration System to its insurance portfolio. Insurance contributed ~INR 79 crores in Q1 FY27, up 58% YoY.^[2][6]
The company usually invests about 10% of revenue in R&D. R&D spend was ~9% of revenue in Q1 FY27.^[2][6]

Key operating numbers

Order book grew 13% YoY in FY26. Order book growth in H1 FY26 was in the mid-20% range YoY.^[5]
Debtor days were 164 at March 2026, up from 130 at March 2025, and improved to 138 by Q1 FY27.^[5]
Headcount was ~4,200 at the end of FY26 and stayed at that level in Q1 FY27, down from ~4,500-4,600 in FY24-25.^[6]
Management targets a 20-30% reduction in service delivery, execution and product costs over 2-3 years through AI-driven productivity.^[7]
Women made up 26.1% of employees in FY26, up from 25.5% in FY25.^[2]

Customers and distribution

BFSI made up 68% of revenue in FY26, down from 71% in FY25.^[2][4]
The company added 47 new logos in FY26, vs 62 in FY25, and 10 in Q1 FY27.^[2][4][5]
Customers billing over ₹50 million rose from 87 in FY25 to 101 in FY26.^[2]
Exports made up 68% of turnover in FY26. The group has installations in 79 countries.^[2]
The company is targeting larger banks in mature markets, and Saudi Arabia.^[2]
Newgen Software Inc. (USA), incorporated on 03-11-1997, is the material subsidiary.^[2]

Expansion and capex

Capital work in progress in FY26 is for building an office campus in Noida.^[2]
Management says it may explore acquisitions, with extreme care.^[2]

Recent developments

28 Sep 2026: Newgen Software Inc. won a USD 5,475,020 contract from a US health insurer for the NewgenONE CAG Solution on cloud hosting, to run over 3 years.^[8]
21 Sep 2026: Newgen won a USD 1,791,140 (INR 17.14 crore) compliance platform contract from a Qatar-based client.^[9]
CEO succession: Tarun Nandwani, previously COO, became CEO effective 1 August 2026, replacing Virender Jeet. Pramod Kumar was named Chief Growth Officer.^[6]
A final dividend of ₹6 per share was recommended for FY26, an outgo of about ₹8,539.07 lakh. A buyback proposal went to the Board in FY27.^[2][6]

Market Cap

₹6,541 Cr

High / Low

₹1,042 / 401

Stock P/E

20.8

Price / Book

3.7

Book Value

₹125

EPS

₹21.1

No. of Shares

14.23 Cr

ROCE

26.0%

ROE

18.3%

OPM

26.6%

Debt / Equity

0.00

Sales

₹1,574 Cr

Net Profit

₹301 Cr

Promoter holding

53.4%

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Newgen Software Technologies Ltd(NEWGEN)

About

Geographic segments

Revenue mix and annuity shift

Platform and products

Key operating numbers

Customers and distribution

Expansion and capex

Recent developments

Signal history

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AI Deep Dive

Verdict

Company data

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