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NEWGEN
NSEInformation TechnologyCap: ₹6254.11 CrNewgen Software Technologies Ltd.
-46.41%YTD
Non-Compliant (Not Permissible)
Evaluated using MSCI criteria
Reasons for Non-Compliance:
- Liquidity: Cash 45.63% exceeds limit 33.33%.
Market Fundamentals
Market Cap
₹6254.11 CrP/E Ratio
25.3xP/B Ratio
3.5x52W High
₹1,008.452W Low
₹401.05Div. Yield
136.00%Shares O/S
14.14 CrWhere Does the Money Come From?
Revenue breakdown for Newgen Software Technologies Ltd.
Core Information Technology OperationsPermissible Operating Activity
Permissible: Core operations in Information Technology.
98.1%of Total Revenue
Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)
Non-operating interest income earned from cash and fixed deposits. Requires purification.
1.9%of Total Revenue
About Newgen Software Technologies Ltd.
Permissible: Core operations in Information Technology.
Interest-Bearing Debt Ratio
1.61%Max: ≤ 33.0%
Cash & Securities Liquidity
45.63%Max: ≤ 33.0%
Impure Revenue Ratio
1.89%Max: ≤ 5.0%
Screening Denominator
Total Assets
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⚠️ Note: NEWGEN is not Halal. The right step is to sell this stock, not just purify the dividends. Keeping a non-compliant investment is not resolved by Sadaqah.