The company has 300 strong channel partners globally which it leverages to directly sell its products In India, the company has four patents registered and 27 outstanding patent applications. Its customers use its platform to rapidly design, build and implement enterprise-grade custom applications through its intuitive, visual interface with minimal coding. The company, established in 1992, deals in business process management software for banks, business process outsourcing firms, government organisations and sell products across 60 countries. Another 20% came from implementation of services. That depends on how knowledgeable you are.
Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh; and b. It sells its products under two brand names—Prince Piping Systems and Trubore Piping Systems. After Apollo subscription numbers one can assume the things will come up very well. They are very high risk too. However, its profits are on the declining mode. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. The valuations demanded are not prohibitively high but are neither attractive and although the management can get a better grip at its cost structure and margins in the coming quarters, there is no harm in waiting in out.
Proceeds of the issue will be used to purchase and furnish office premises near Noida-Greater Noida Expressway and for general corporate purposes. Its total revenues stood at Rs 349. As of 30 September 2017, it had over 450 active customers in over 60 countries. You can create a portfolio yourself or ask an expert to build it for you. NextBillion Technology Private Limited with and Finvantage Investment Adviser Private Limited makes no warranties or representations, express or implied, on products offered through the platform. Despite growing top line and bottom line, it is clear that growth in profits has not kept pace with revenue growth. What are Newgen Software Technologies Key Strengths? Clients include 17 Global Fortune 500 companies 6.
Groww provides objective evaluation of mutual funds and does not advice or recommend any mutual fund or portfolios. Its net profit grew to Rs 27. Newgen Software recorded consolidated revenues of Rs 433. In India and Middle East we are a dominant player. Prevent unauthorised transactions in your account.
Listing Date of Newgen Software The company is going to list its shares on 29 January 2018. The company has good business in India and overseas. The issue opens on 16 th Jan and closes on 18 th Jan. Promoters Diwakar Nigam and T. Its issue price is also highly priced. Product based Software Company with strong industry recognition. For first half of the current fiscal, it has reported net profit of Rs.
Thus there is more headroom for Newgen Software Technologies to grow. Another point worth highlighting is with valuations. Please do your own due diligence as stock market investments have high degree of inherent risk. Its customers use the platform to rapidly design, build and implement enterprise-grade custom applications through its intuitive, visual interface with minimal coding. Average cost of acquisition of shares by the promoters is Rs. Proceeds from the fresh issue will be utilised towards purchase and furnishing of office premises near Noida-Greater Noida Expressway in Uttar Pradesh and for other general corporate purposes.
He said that Newgen has registered compounded annual growth rate of 21 per cent over last five years and expects similar growth in coming years. Get Stock Market Recommendation By Our Research Analysts Starting Just Rs. Review By Dilip Davda on Jan 10, 2018 Newgen Software Technologies Ltd. We also like the fact that the company has negligible debt and it has tremendous confidence of its clients. Some employees of the company possess a substantial amount of the stake in the company and want to monetize stake they hold. Unless otherwise specified, all return figure shown above are for illustrative purposes only. I may have vested interest in every stock I discuss and my views may be biased.
These customers are served by over 265 employees. As of June 30, 2017,they operated in more than 60 countries and Management believes that they have a significant opportunity to grow their international footprint. Analysts are divided about the valuations of Newgen Software Technologies. The company has five manufacturing plants in locations like Athal and Dadra Union Territory of Dadra and Nagar Haveli , Haridwar Uttarakhand , Chennai Tamil Nadu and Kolhapur Maharashtra. Because of more and more number of companies getting listed, Mutual Fund companies are also getting more option of companies to invest in.