Is Newgen Software Technologies the Best Stock in Its Sector? A Look at the Numbers
- September 16, 2026
- Posted by: Harsh Piplani
- Category: Market
Newgen Software Technologies CMP Rs 495 (16 Sep 2026). Market cap Rs 7,125 Cr. ROE 18.67%. P/E 22.71x versus Industry P/E 17.88x.
Quick Answer
Newgen Software Technologies is one of the names investors compare when screening the IT sector, built on a 18.67% return on equity and a P/E of 22.71x against an Industry P/E of 17.88x. Newgen Software Technologies Ltd develops low-code business process automation and content management software used by banks, insurers and government agencies. Whether Newgen Software Technologies is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named IT sector peers, so you can judge that for yourself.
Is Newgen Software Technologies the best stock in its sector? The stock trades on the NSE at Rs 495 as of 16 September 2026, within its 52-week range of Rs 401.05 to Rs 1,041.95. Newgen Software Technologies Ltd develops low-code business process automation and content management software used by banks, insurers and government agencies.
Newgen Software Technologies sits in the IT sector, and its 18.67% ROE and 22.71x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About Newgen Software Technologies
Newgen Software Technologies Ltd develops low-code business process automation and content management software used by banks, insurers and government agencies. At a market capitalisation of Rs 7,125 Cr, it is tracked as part of the IT sector on Univest.
Is Newgen Software Technologies the Best Stock in Its Sector?
Newgen Software Technologies makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 18.67% ROE with a 22.71x P/E against the sector’s 17.88x Industry P/E. Newgen Software trades at 22.71x P/E, slightly above the 17.88x Industry P/E, with an 18.67% ROE that compares well against Mastek and Intellect Design Arena in this series.
| Metric | Newgen Software Technologies |
|---|---|
| CMP (NSE) | Rs 494.85 |
| 52-Week High / Low | Rs 1,041.95 / Rs 401.05 |
| Market Cap | Rs 7,125 Cr |
| P/E (TTM) vs Industry P/E | 22.71x vs 17.88x |
| P/B | 4.01 |
| ROE | 18.67% |
| EPS (TTM) | Rs 22.01 |
| Dividend Yield | 1.19% |
| Debt to Equity | 0.02 |
Compare Newgen Software Technologies Against Other IT Sector Stocks
How Newgen Software Technologies Compares Against Its IT Sector Peers
The table below sets Newgen Software Technologies against 3 other IT sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Newgen Software Technologies | 7,125 | 22.71 | 18.67% | 0.02 |
| Mastek | 5,120 | 12.25 | 13.50% | 0.15 |
| Intellect Design Arena | 9,298 | 26.46 | 10.90% | 0.05 |
| Hexaware Technologies | 30,380 | 22.62 | 20.02% | 0.10 |
| Peer average (3 companies) | – | 20.44 | 14.81% | 0.10 |
Against this peer set, Newgen Software Technologies’s 18.67% ROE is above the 14.81% peer average, and its P/E of 22.71x runs above the peer average of 20.44x. Newgen Software trades at 22.71x P/E, slightly above the 17.88x Industry P/E, with an 18.67% ROE that compares well against Mastek and Intellect Design Arena in this series.
What Makes Newgen Software Technologies Worth Watching in IT
- Solid ROE: An 18.67% ROE is a healthy figure for a specialised enterprise software provider.
- Near debt free: A debt to equity ratio of 0.02 gives Newgen flexibility to invest in product development.
- Slight premium to Industry P/E: A 22.71x P/E against a 17.88x Industry P/E is a modest premium for its low-code automation product niche.
Newgen Software Technologies Valuation: Is It Justified?
Newgen Software trades at 22.71x P/E, slightly above the 17.88x Industry P/E, with an 18.67% ROE that compares well against Mastek and Intellect Design Arena in this series. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Newgen Software Technologies and other IT sector stocks.
How to Track Newgen Software Technologies Before You Invest
Before deciding whether Newgen Software Technologies deserves its label as the best stock in its sector for your own portfolio, compare it directly against IT sector peers using the steps below.
- Open the Univest Screener and search for Newgen Software Technologies to view live price, valuation ratios, and peer comparisons within the IT sector.
- Compare its P/E, P/B, and ROE against other IT sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Newgen Software Technologies earns a place in the best stock in its sector conversation on the strength of a 18.67% ROE and a P/E of 22.71x against a 17.88x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Newgen Software Technologies the best stock in its sector?
Ans. Newgen Software Technologies has a 18.67% ROE and trades at 22.71x P/E against a 17.88x Industry P/E, and compares above the peer average ROE of 14.81% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Newgen Software Technologies?
Ans. Newgen Software Technologies was trading at Rs 494.85 on the NSE as of 16 September 2026, within its 52-week range of Rs 401.05 to Rs 1,041.95.
What sector does Newgen Software Technologies belong to?
Ans. Newgen Software Technologies is classified under the IT sector on Univest.
How does Newgen Software Technologies compare to its sector peers on P/E?
Ans. Newgen Software Technologies’s P/E of 22.71x is above the 20.44x average of the 3 named peers compared in this article.
What is Newgen Software Technologies’s return on equity?
Ans. Newgen Software Technologies reported a return on equity of 18.67%, which is above the 14.81% average of its named peers in this comparison.
Should I invest in Newgen Software Technologies based on its sector position?
Ans. Newgen Software Technologies’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
