Multibagger IT Stock in Focus as Company Receives 4 International Orders in Just 1 Day; Details Inside
DSIJ Intelligence-1 / 01 Oct 2025/ Categories: Multibaggers, Trending
The stock is up by 24 per cent from its 52-week low and has given multibagger returns of over 700 per cent in 5 years.
Newgen Software Technologies has secured a significant influx of business, announcing four international orders in a single day, showcasing its growing global footprint. The largest of the contracts, valued at USD 5,636,000, was accepted from eProcess International Ghana Limited for the delivery, implementation, and support of a Loan Management System, a project set to run for 5 years. This highlights Newgen's capability to deliver essential software solutions across the African continent.
The company also received substantial orders from the Middle East and the UK. A Letter of Award (LOA) for implementing a Business Process Management platform came from an overseas entity in Kuwait, valued at KWD 1,736,052 (approximately $5.63 million USD). Separately, the UK subsidiary of Newgen executed a 10-year agreement with Wipro Financial Outsourcing Services Limited worth £ 2,985,484 (approximately $3.7 million USD) to provide a Modernised Enterprise Content Management and Customer Communication Management platform. These diverse geographical wins underscore the broad appeal of Newgen's enterprise solutions.
Rounding out the day's successes, a material subsidiary, Newgen Software Inc. in the USA, entered into a Master Service Agreement with a leading Bank in the Caribbean. This agreement is valued at USD 1,637,400 and focuses on the supply, installation, and implementation of the Newgen Enterprise Content Management System Platform, with an execution period of two years. Collectively, these four international orders in banking, content management, and process automation across Ghana, Kuwait, the UK, and the Caribbean emphasise Newgen Software Technologies' strong international Order Book and its role as a key player in the global digital transformation space.
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About the Company
Newgen Software Technologies is a global software Company engaged in software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging. The company has an order book of Rs 1,664 crore as of March 31, 2025.
Newgen Software, with a market capitalisation exceeding Rs 12,000 crore and a remarkable 3-year stock price CAGR of 60 per cent, has demonstrated consistent growth. The company's commitment to profitability is evident in its 19.6 per cent CAGR in profit growth over the past 5 years. Additionally, Newgen Software has maintained a healthy dividend payout of 21.4 per cent. The stock is up by 24 per cent from its 52-week low and has given multibagger returns of over 700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.