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DEEP DIVE ANALYSIS • NSE: NEWGEN • FY26 RESULTS Newgen Software Technologies Ltd: From ₹1,336 TO ₹493 — Valuation Reset or the Next Enterprise AI Compounder?  What the Q4 FY26 Numbers Actually Reveal Beneath the Midcap IT Bloodbath By SUMAN MUKHOPADHYAY | SumanSpeaks Independent Research • June 02, 2026 Newgen Software Technologies Ltd (Rs. 493)   was last trading at a pproximately ₹493 — down nearly 63% from its 52-week high near ₹1,336. In most cases, such a collapse signals severe business deterioration. But Newgen’s FY26 financials tell a far more complicated story. The company remains debt-light, highly profitable, cash-generative, and structurally positioned in one of the most important enterprise themes globally: AI-enabled workflow orchestration. Yet the stock has suffered one of the sharpest valuation compressions in the Indian en...

Patel Engineering Ltd: 2nd Quarter 2023 Results

Net profit of Patel Engineering rose, a massive 282.31% to Rs.26.15 crore in the quarter ended September 2022 as against Rs.6.84 crore during the previous quarter ended September 2021. 

Sales rose 23.27% to Rs.893.05 crore in the quarter ended September 2022 as against Rs 724.45 crore during the previous quarter ended September 2021.

Patel Engineering, is a Premier Bombay based civil construction Company, specialising in the hydropower sector.

Key Financial Highlights:

💥Revenue: ₹9.23 billion (up 27% from Q2FY22).

💥Net income: ₹261.5 million (up 282% from Q2FY22).

💥Profit margin: 2.8% (up from 0.9% in Q2FY222). The increase in margin was driven by higher revenue.

💥EPS: ₹0.53 (up from ₹0.15 in 2FY22).

In September, 2022, there was an announcement that Patel Engineering Ltd (Rs.19.10) has allotted 1,25,52,800 equity shares at issue price of Rs.25.36 each for cash at par aggregating to Rs.31.83 Cr Afrin DIA - Category I registered FPI. 

This rate somewhat gives the benchmark price of the shares. Therefore buy the shares of Patel Engineering Ltd near the CMP of Rs.19.10, for targets of Rs.24/27/31. SL: Rs.17. Photo: Equity Bulls.

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