Newgen Software Technologies Limited (NEWGEN.NS)

Newgen Software Technologies Limited (NEWGEN.NS) — VMCI valuation read

Headline read on NEWGEN.NS: VMCI of 62/100 versus a Technology sector median of 50. The 12-point above-median position is what makes Newgen Software Technologies Limited a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on NEWGEN.NS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on NEWGEN.NS: value (NEWGEN.NS trades at 27.0x earnings, 50% above the Technology median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of -0.1x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

NEWGEN.NS fell 4.0% over the trailing 7 days, with a -21.6% read on a 30-day basis.