Newgen Software
Techno-Fundamental Call:
CMP 585:
Buy 30% now, Add 30% more at 460, And double your quantity, if it by any chance comes to 374
Face Value 10 rupees:
Market Cap 4k Crores
trading at discount to the industry PE ratio (27 vs 37)
ROE and ROCE at 20, 28
EBITDA Margin 30.77 (for 2021) but generally it is only 20. If next year, if EBITDA Margins stabilizes above 28, then this stock might turn Multibagger.
Existence in 72 countries.
Active customers of about 550.
Into Digital Transformation platforms