Protean eGov Technologies Limited PROTEAN NSETECH
Company Overview
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.
Why Investors Should Care
Revenue has grown at a 10.9% CAGR over the past five years.
Trades at a P/E of 26.5, below the sector median of 27.7.
Carries low leverage with a debt-to-equity ratio of 0.08.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹997.75 Cr (+18.7% YoY); net profit ₹100.59 Cr.
- Trailing 12 Months Year-on-year growth — revenue +18.7%, earnings +8.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 10.9%, profit CAGR -2.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 10.93% |
| 1 Year: | 18.68% |
Compounded Profit Growth
| 5 Years: | -2.05% |
| 1 Year: | 8.79% |
Stock Price Performance
| 1 Year: | -26.68% |
| 6 Months: | -15.24% |
| 3 Months: | +7.43% |
| 1 Month: | -5.50% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)51.39 · Neutral
P/E of 26.48 is below the sector median of 27.67 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 10.9% over 5 years.
- Generates positive free cash flow.
CONS
- Earnings shrank at -2.1% CAGR over 5 years.
- Trading 34.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 599.75 | 26.48 | ₹2,435.99 Cr | 1.70% | 11.72% | 9.34% | 10.93% | -2.05% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 232.00 Cr | 220.00 Cr | 236.00 Cr | 204.00 Cr | 222.00 Cr | 197.00 Cr | 220.00 Cr | 202.31 Cr | 222.15 Cr | 210.84 Cr | 250.00 Cr | 228.87 Cr | 307.54 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 162.61 Cr | 168.11 Cr | 172.60 Cr | - | 169.82 Cr | 216.69 Cr |
| Gross Profit | - | - | - | - | - | - | - | 39.70 Cr | 54.04 Cr | 38.24 Cr | - | 59.05 Cr | 90.85 Cr |
| Operating Expenses | 197.00 Cr | 186.00 Cr | 199.00 Cr | 207.00 Cr | 200.00 Cr | 181.00 Cr | 188.00 Cr | 29.73 Cr | 44.25 Cr | 32.87 Cr | 221.00 Cr | 38.53 Cr | 66.92 Cr |
| Operating Income | 30.00 Cr | 29.00 Cr | 31.00 Cr | -9.00 Cr | 11.00 Cr | 8.00 Cr | 25.00 Cr | 9.97 Cr | 9.79 Cr | 5.37 Cr | 19.00 Cr | 20.52 Cr | 23.93 Cr |
| EBITDA | 35.00 Cr | 34.00 Cr | 36.00 Cr | -3.00 Cr | 22.00 Cr | 15.00 Cr | 32.00 Cr | 34.59 Cr | 34.43 Cr | 44.93 Cr | 29.00 Cr | 42.26 Cr | 52.55 Cr |
| Interest Expense | 0 | 0 | 0 | 1.00 Cr | 1.00 Cr | 0 | 0 | 26.00 L | 1.09 Cr | 1.52 Cr | 2.00 Cr | 1.57 Cr | 2.08 Cr |
| Pretax Income | 41.00 Cr | 42.00 Cr | 43.00 Cr | 19.00 Cr | 24.00 Cr | 27.00 Cr | 38.00 Cr | 28.52 Cr | 25.24 Cr | 32.37 Cr | 32.00 Cr | 29.42 Cr | 36.41 Cr |
| Tax Provision | 9.43 Cr | 9.66 Cr | 10.32 Cr | 3.99 Cr | 4.32 Cr | 5.94 Cr | 9.50 Cr | 5.59 Cr | 4.84 Cr | 8.52 Cr | 8.32 Cr | 6.92 Cr | 6.03 Cr |
| Net Income | 32.00 Cr | 32.00 Cr | 33.00 Cr | 15.00 Cr | 19.00 Cr | 21.00 Cr | 28.00 Cr | 22.93 Cr | 20.40 Cr | 23.85 Cr | 24.00 Cr | 22.50 Cr | 30.38 Cr |
| Diluted EPS | 7.82 | 7.96 | 8.10 | 3.77 | 4.77 | 5.21 | 6.92 | 5.61 | 0.00 | 5.85 | 5.88 | 5.52 | 7.46 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 755.00 Cr | 716.00 Cr | 603.00 Cr | - | 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 | 578.00 Cr | 568.00 Cr | 518.00 Cr | - | 196.34 Cr | 282.12 Cr | 142.30 Cr | 166.28 Cr |
| Operating Income | 149.00 Cr | 121.00 Cr | 68.00 Cr | - | 99.81 Cr | 64.29 Cr | 52.59 Cr | 74.53 Cr |
| EBITDA | 177.00 Cr | 148.00 Cr | 85.00 Cr | - | 159.63 Cr | 157.01 Cr | 148.59 Cr | 183.67 Cr |
| Interest Expense | 2.00 Cr | 2.00 Cr | 1.00 Cr | - | 93.00 L | 1.67 Cr | 2.34 Cr | 6.68 Cr |
| Pretax Income | 180.00 Cr | 157.00 Cr | 116.00 Cr | - | 140.42 Cr | 127.86 Cr | 118.43 Cr | 130.24 Cr |
| Tax Provision | 57.60 Cr | 36.11 Cr | 23.20 Cr | - | 33.38 Cr | 30.57 Cr | 25.97 Cr | 29.65 Cr |
| Net Income | 124.00 Cr | 121.00 Cr | 92.00 Cr | - | 107.04 Cr | 97.29 Cr | 92.46 Cr | 100.59 Cr |
| Diluted EPS | 30.90 | 30.31 | 22.99 | 35.59 | 26.46 | 23.94 | 22.65 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 870.00 Cr | 940.00 Cr | 863.00 Cr | - | 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 | 20.00 Cr | 14.00 Cr | 6.00 Cr | - | 7.92 Cr | 20.79 Cr | 68.53 Cr | 87.49 Cr |
| Total Equity | 666.00 Cr | 754.00 Cr | 668.00 Cr | - | 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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 136.00 Cr | 54.00 Cr | 100.00 Cr | - | 136.99 Cr | 57.54 Cr | 192.71 Cr | 78.47 Cr |
| Investing Cash Flow | -104.00 Cr | -13.00 Cr | 116.00 Cr | - | -282.28 Cr | 18.70 Cr | -158.55 Cr | -14.37 Cr |
| Financing Cash Flow | -39.00 Cr | -39.00 Cr | -183.00 Cr | - | -44.29 Cr | -47.45 Cr | -42.24 Cr | -53.87 Cr |
| Capital Expenditure | -27.00 Cr | -12.00 Cr | -9.00 Cr | - | -23.85 Cr | -31.73 Cr | -47.56 Cr | -66.78 Cr |
| Free Cash Flow | 109.00 Cr | 42.00 Cr | 91.00 Cr | - | 113.14 Cr | 25.81 Cr | 145.15 Cr | 11.69 Cr |
| Net Change in Cash | -7.00 Cr | 2.00 Cr | 32.00 Cr | - | -189.58 Cr | 28.79 Cr | -8.08 Cr | 10.23 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 40.5% | 39.5% | 23.2% | 24.1% |
| Operating Margin % | 19.7% | 16.9% | 11.3% | - | 13.7% | 7.3% | 6.3% | 7.5% |
| Net Margin % | 16.4% | 16.9% | 15.3% | - | 14.6% | 11.1% | 11.0% | 10.1% |
| ROE % | 18.6% | 16.0% | 13.8% | - | 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.
Latest News
Recent headlines for PROTEAN
Is Protean eGov Technologies Limited's (NSE:PROTEAN) Stock Price Struggling As A Result Of Its Mixed Financials? - simplywall.st
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Protean eGov Technologies zooms 20% on huge volumes; here's why - Business Standard
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Protean eGov Technologies jumps 20% after strong Q4 profit and revenue growth - The Economic Times
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* Protean eGov Tech Shares Slide 30% in Two Sessions Amid Heavy Sell-Off - Groww
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Protean eGov Technologies Shares Hit 20% Upper Circuit After Strong Q4 FY26 Results; PAT Jumps 49% - India Infoline
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Protean eGov shares soar 6% after strong Q3 results with increase in market share By Trade Brains - Investing.com India
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PROTEAN — Frequently Asked Questions
What is the current share price of Protean eGov Technologies Limited (PROTEAN)?
As of 2026-07-15 09:52 IST, Protean eGov Technologies Limited (PROTEAN) trades at ₹599.75 on NSE. Its 52-week range is ₹446.40 to ₹913.85.
What is the market capitalisation of PROTEAN?
Protean eGov Technologies Limited (PROTEAN) has a market capitalisation of ₹2,435.99 Cr on NSE.
What is the P/E ratio of PROTEAN?
PROTEAN trades at a trailing price-to-earnings (P/E) ratio of 26.48. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 2.26.
Does PROTEAN pay a dividend?
Protean eGov Technologies Limited (PROTEAN) currently offers a dividend yield of 1.70%.
What is the return on equity (ROE) of PROTEAN?
PROTEAN has a return on equity (ROE) of 9.34%. Its return on capital employed (ROCE) is 11.72%.
Is PROTEAN a good stock to buy?
This page provides a data-driven analysis of Protean eGov Technologies Limited (PROTEAN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.