Protean eGov Technologies Limited PROTEAN NSETECH
Company Overview
Protean eGov Technologies Limited, together with its subsidiaries, develops and implements citizen-centric and population-scale e-governance solutions and digital public infrastructure in India. It offers PAN and tax deduction, and collection account number issuance; electronic tax deducted at source return processing; online PAN verification; digital enrolment, Electronic National Pension System, and D-Remit; and digital permanent retirement account number generation and integrated payment solutions. The company also provides digital identity services, such as authentication, verification and paperless transactions; and identity solutions, including Aadhaar authentication, e-KYC services, licensed eSign services, and online PAN verification. In addition, it offers Open Network for Digital Commerce, a BECKN gateway and registry; Central AgriStack for data exchange of farmers, government bodies, and private entities; Vidhyasaarthi and ONEST for education and skilling; CMIS and PHR applications, as well as centralized dashboards for the health sector; and technology platform for a digital insurance marketplace. Further, the company provides Protean On-Premises Cloud, an open-source cloud platform; Managed Security Operations Centre for security monitoring and incident management services; Quantum-Safe Data Vault for privacy sensitive information; Secure API Gateway, an API integration platform; AI in a Box, a modular AI platform; analytics as a service; and Data Stack Portfolio comprising RISE with Protean, eSignPro, Account Aggregator, and AI-driven CKYC and Onboarding. Additionally, it is involved in the development of interoperable digital platforms; the operation of a network of PAN and TIN facilitation centres. 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.
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 +19.0%, earnings -75.6%.
- 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: | 19.00% |
Compounded Profit Growth
| 5 Years: | -2.05% |
| 1 Year: | -75.60% |
Stock Price Performance
| 1 Year: | -12.17% |
| 6 Months: | +17.25% |
| 3 Months: | +11.34% |
| 1 Month: | +6.25% |
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-DMAAbove
- RSI (14)51.72 · Neutral
P/E of 30.85 is above the sector median of 24.84 — pricier 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 30.4% 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 | 625.10 | 30.85 | ₹2,549.11 Cr | 1.57% | 11.72% | 9.34% | 10.93% | -2.05% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,529.00 | 17.73 | ₹9.15 L Cr | 3.12% | 54.93% | 47.74% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,168.00 | 15.50 | ₹4.73 L Cr | 5.02% | 41.66% | 32.00% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,424.20 | 22.16 | ₹3.85 L Cr | 5.10% | 27.21% | 24.07% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 189.17 | 15.03 | ₹1.87 L Cr | 5.01% | 17.85% | 16.13% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,834.70 | 31.72 | ₹1.63 L Cr | 3.42% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,298.00 | 24.38 | ₹1.27 L Cr | 1.92% | 25.39% | 21.97% | 8.43% | 4.41% |
| 8 | LGEINDIA LG Electronics India Limited NIFTY_MIDNSETECH | 1,662.60 | 61.83 | ₹1.13 L Cr | 0.00% | 27.64% | 21.98% | 1.25% | - |
| 9 | PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH | 1,670.00 | 167.33 | ₹1.07 L Cr | 0.00% | 3.68% | 3.45% | 2.20% | 43.71% |
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
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PROTEAN — Frequently Asked Questions
What is the current share price of Protean eGov Technologies Limited (PROTEAN)?
As of 2026-10-23 04:58 IST, Protean eGov Technologies Limited (PROTEAN) trades at ₹625.10 on NSE. Its 52-week range is ₹438.38 to ₹897.44.
What is the market capitalisation of PROTEAN?
Protean eGov Technologies Limited (PROTEAN) has a market capitalisation of ₹2,549.11 Cr on NSE.
What is the P/E ratio of PROTEAN?
PROTEAN trades at a trailing price-to-earnings (P/E) ratio of 30.85. The industry average P/E is 24.84. Its price-to-book (P/B) ratio is 2.41.
Does PROTEAN pay a dividend?
Protean eGov Technologies Limited (PROTEAN) currently offers a dividend yield of 1.57%.
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.