Protean eGov Technologies Limited PROTEAN NSETECH
Protean eGov Technologies Limited, together with its subsidiaries, provides information technology (IT) enabled e-governance services in India. The company conceptualizes, develops, and executes critical and population scale greenfield technology solutions; and offers citizen services, system integration, business process re-engineering, data center co-location, and IT consulting services for individuals, corporates, and the government. It also operates as a central recordkeeping agency and a tax information network; and processes the applications for allotment of permanent account numbers (PAN). In addition, the company offers open digital ecosystems for mobility, e-commerce, health, agriculture, education, and skilling; and Vidyasaarathi and VidyaLakshmi, which are online platforms for education loans. Further, the company provides online PAN verification services; e-KYC to manage authentication of digital IDs; eSign to facilitate digital signatures; eSignPro, which offers e-stamps and digital stamp solutions; Aadhaar authentication for digital identity; GST services; FIP and FIU technology service provider services; Data Stack, a data analytics solution; Rise with Protean, a multisectoral shop for APIs, micro services, and user journeys; ProteanX, a suite of products used to create, issue, store, and manage verifiable credentials; and Protean CKYC solution. Additionally, it offers cloud services, such as desktop as a service, storage as a service, virtual office, infrastructure as a service, managed service, and edge compute with 5G private network; and information security consulting services, including information security architecture, data privacy practice, and cyber security consulting and advisory services. The company was formerly known as NSDL e-Governance Infrastructure Limited and changed its name to Protean eGov Technologies Limited in October 2021. Protean eGov Technologies Limited was incorporated in 1995 and is headquartered in Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 10.9% over 5 years.
CONS
- Earnings shrank at -2.1% CAGR over 5 years.
- Trading 36.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PROTEAN Protean eGov Technologies Limited NSETECH | 620.35 | 25.13 | ₹2,519.66 Cr | 1.61% | 11.72% | 9.69% | 10.93% | -2.05% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 9 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 219.70 Cr | 202.31 Cr | 222.15 Cr | 210.84 Cr | 228.87 Cr | 307.54 Cr |
| Cost of Revenue | 166.91 Cr | 162.61 Cr | 168.11 Cr | 172.60 Cr | 169.82 Cr | 216.69 Cr |
| Gross Profit | 52.79 Cr | 39.70 Cr | 54.04 Cr | 38.24 Cr | 59.05 Cr | 90.85 Cr |
| Operating Expenses | 28.30 Cr | 29.73 Cr | 44.25 Cr | 32.87 Cr | 38.53 Cr | 66.92 Cr |
| Operating Income | 24.49 Cr | 9.97 Cr | 9.79 Cr | 5.37 Cr | 20.52 Cr | 23.93 Cr |
| EBITDA | 45.20 Cr | 34.59 Cr | 34.43 Cr | 44.93 Cr | 42.26 Cr | 52.55 Cr |
| Interest Expense | 49.00 L | 26.00 L | 1.09 Cr | 1.52 Cr | 1.57 Cr | 2.08 Cr |
| Pretax Income | 37.57 Cr | 28.52 Cr | 25.24 Cr | 32.37 Cr | 29.42 Cr | 36.41 Cr |
| Tax Provision | 9.53 Cr | 5.59 Cr | 4.84 Cr | 8.52 Cr | 6.92 Cr | 6.03 Cr |
| Net Income | 28.04 Cr | 22.93 Cr | 20.40 Cr | 23.85 Cr | 22.50 Cr | 30.38 Cr |
| Diluted EPS | 6.87 | 5.61 | 0.00 | 5.85 | 5.52 | 7.46 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 730.83 Cr | 875.92 Cr | 840.70 Cr | 997.75 Cr |
| Cost of Revenue | - | 434.68 Cr | 529.51 Cr | 645.81 Cr | 756.94 Cr |
| Gross Profit | - | 296.15 Cr | 346.41 Cr | 194.89 Cr | 240.81 Cr |
| Operating Expenses | - | 196.34 Cr | 282.12 Cr | 142.30 Cr | 166.28 Cr |
| Operating Income | - | 99.81 Cr | 64.29 Cr | 52.59 Cr | 74.53 Cr |
| EBITDA | - | 159.63 Cr | 157.01 Cr | 148.59 Cr | 183.67 Cr |
| Interest Expense | - | 93.00 L | 1.67 Cr | 2.34 Cr | 6.68 Cr |
| Pretax Income | - | 140.42 Cr | 127.86 Cr | 118.43 Cr | 130.24 Cr |
| Tax Provision | - | 33.38 Cr | 30.57 Cr | 25.97 Cr | 29.65 Cr |
| Net Income | - | 107.04 Cr | 97.29 Cr | 92.46 Cr | 100.59 Cr |
| Diluted EPS | 35.59 | 26.46 | 23.94 | 22.65 | - |
Compounded Sales Growth
| 5 Years: | 10.93% |
| 1 Year: | 38.40% |
Compounded Profit Growth
| 5 Years: | -2.05% |
| 1 Year: | 49.10% |
Stock Price Performance
| 1 Year: | -36.30% |
| 6 Months: | -24.10% |
| 3 Months: | +4.44% |
| 1 Month: | +17.06% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 1,104.10 Cr | 1,185.24 Cr | 1,306.56 Cr | 1,473.59 Cr |
| Current Assets | - | 407.54 Cr | 436.79 Cr | 471.03 Cr | 609.69 Cr |
| Cash & Equivalents | - | 17.14 Cr | 45.93 Cr | 37.85 Cr | 48.08 Cr |
| Inventory | - | - | - | - | - |
| Receivables | - | 208.86 Cr | 189.29 Cr | 144.07 Cr | 204.64 Cr |
| Total Liabilities | - | 247.18 Cr | 259.25 Cr | 307.78 Cr | 396.24 Cr |
| Current Liabilities | - | 227.79 Cr | 223.78 Cr | 225.93 Cr | 305.43 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 7.92 Cr | 20.79 Cr | 68.53 Cr | 87.49 Cr |
| Total Equity | - | 857.11 Cr | 926.18 Cr | 998.78 Cr | 1,077.35 Cr |
| Shares Outstanding | - | 4.04 Cr | 4.04 Cr | 4.05 Cr | 4.06 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 136.99 Cr | 57.54 Cr | 192.71 Cr | 78.47 Cr |
| Investing Cash Flow | - | -282.28 Cr | 18.70 Cr | -158.55 Cr | -14.37 Cr |
| Financing Cash Flow | - | -44.29 Cr | -47.45 Cr | -42.24 Cr | -53.87 Cr |
| Capital Expenditure | - | -23.85 Cr | -31.73 Cr | -47.56 Cr | -66.78 Cr |
| Free Cash Flow | - | 113.14 Cr | 25.81 Cr | 145.15 Cr | 11.69 Cr |
| Net Change in Cash | - | -189.58 Cr | 28.79 Cr | -8.08 Cr | 10.23 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 40.5% | 39.5% | 23.2% | 24.1% |
| Operating Margin % | - | 13.7% | 7.3% | 6.3% | 7.5% |
| Net Margin % | - | 14.6% | 11.1% | 11.0% | 10.1% |
| ROE % | - | 12.5% | 10.5% | 9.3% | 9.3% |
| ROCE % | - | 11.4% | 6.7% | 4.9% | 6.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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