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Balance sheet of Newgen Software Tech is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Newgen Software Tech is increasing.
Latest debt of Newgen Software Tech is -₹331.33 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹749.62 Crs.
Yes, profit is increasing.
The profit of Newgen Software Tech is ₹312 Crs for TTM, ₹252 Crs for Mar 2024 and ₹177 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Newgen Software Tech latest dividend payout ratio is 22.22% and 3yr average dividend payout ratio is 20.32%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments