Newgen Software Technologies Ltd: A Profitable Enterprise Software Compounder Trading at a Reasonable Multiple
Newgen Software Technologies Ltd is one of the most under-followed mid-cap IT stories on Indian exchanges. The company has quietly built a profitable, debt-free, founder-led enterprise software franchise around its NewgenONE platform, serving more than **750+ active customers** across banking, insurance, government, healthcare, and BPO verticals in over **70 countries**. Despite the operational quality, the stock trades at a **CMP of ₹464.50**, with a trailing **P/E of 23.18x**, a **P/B of 5.5x*