Rs 1,664 Crore Order Book: Multibagger IT Company Secures Rs 20.8 Crore International Contract to Drive Global Digital Transformation
Over the past one year, the stock has delivered a return of 39.33 per cent, and over the last three years, the returns have been a multibagger 534.26 per cent.
Newgen Software Technologies Limited has secured a major international contract valued at USD 2,500,372 (approximately Rs 20.8 crore) for the implementation of its Enterprise Workflow & Content Management System. This deal marks a significant win for the company, further cementing its global reputation in delivering digital transformation solutions. Under this five-year agreement, Newgen will supply licenses, implement, and provide continued support for its product, enabling the client to digitise operations across multiple business verticals.
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As of June 04, 2025, Newgen Software Technologies Limited’s stock is trading at Rs 1,224.6. The 52-week high stands at Rs 1,753.8, while the 52-week low is Rs 840.85. With a market capitalisation of approximately Rs 17,300 crore, Newgen falls within the mid-cap segment. Over the past one year, the stock has delivered a return of 39.33 per cent, and over the last three years, the returns have been a multibagger 534.26 per cent. The company’s Price-Earnings (PE) Ratio is currently at 54.88.
Newgen is recognised for its strong product offerings in the enterprise software space, including workflow automation, document management, and imaging solutions. The company’s flagship platform, NewgenONE, integrates AI-driven capabilities and has played a pivotal role in client acquisitions and revenue growth. In FY24, Newgen added 51 new clients and spent 9 per cent of its revenue on research and development, underscoring its commitment to innovation. Its business model is supported by a strong annuity-based revenue stream, which accounted for 60 per cent of revenues in FY24, while software product sales and services contributed 18 per cent and 22 per cent respectively.
Newgen’s clientele spans across 73 countries and covers key sectors such as Banking, Government, and Insurance. With consistent Quarterly Results and a strong focus on customer experience, Newgen continues to demonstrate its strength in securing international contracts and expanding its global footprint.
Disclaimer: The article is for informational purposes only and not investment advice.