PROTEANInformation Technology

Protean eGov Technologies Limited

IT Enabled Services · ISIN INE004A01022 · BSE 544021 · NSE EQ · FV ₹10
Last price
₹657
+7.62%today
What this company does

Protean eGov Technologies Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹251 cr of revenue in its latest quarter (Q1 FY27) and kept 2.3% of sales as profit.

Their stated vision

“To be a globally trusted provider of been a catalyst in India’s digital transformation impactful digital technology solutions serving over 100 Crore citizens with inclusive, that promote ease of living.”

Their stated mission

“to deliver This Report highlights material aspects of our transformative e-governance and digital public business, providing a focussed view of Protean’s infrastructure solutions.”

In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 108–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
49

At close. Not part of the score.

Profitability & returns20

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality39

Whether reported profit actually arrives as cash

Valuation26

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 19% vs last year
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Thin 2.3% net margin
! Profit down 75% vs last year
! Low 2.2% return on equity
! Operating cash flow is negative

What if I invest in PROTEAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹657▲ +7.62%
latest close · 2026-11-04
52-wk low ₹48474 sessions so far52-wk high ₹719
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio114.1High
LowAverageHigh
P/B ratio2.48Moderate
Below bookModerateHigh
EV / EBITDA23.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.2%Weak
WeakFairStrong ▸15%
Return on capital3.5%Weak
WeakFairStrong
Net margin2.3%Thin
ThinDecentStrong
EBITDA margin11.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover3.9×Okay
RiskyOkayStrong ▸5×
Current ratio2.00Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,670 cr
Book value
₹265
EPS
₹1.44
latest quarter
Net debt
₹-48 cr
more cash than debt
Enterprise value
₹2,622 cr
EBITDA
₹111 cr
annualised
EBIT
₹41 cr
annualised
Operating margin
4.1%
Return on assets
1.6%
Earnings yield
0.88%
P/S
2.66
Sales / share
₹247.1
Tax rate
23.3%
Face value
₹10
Shares
4.1 cr
Working capital
₹304 cr
Current assets
₹610 cr
Current liabilities
₹305 cr
Delivery %
43.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹140–₹187, midpoint ₹164

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹251 cr
Other Income₹15 cr
Total Income₹266 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹69 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹169 cr
Total Expenses₹259 cr
Profit before Tax₹8 cr
Tax Expense₹2 cr
Net Profit₹6 cr
Net margin on total income2.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹69 cr25.9%
Finance costs₹3 cr1.0%
Depreciation & amortisation₹18 cr6.6%
Other expenses₹169 cr63.6%
Tax expense₹2 cr0.7%
Profit for the period₹6 cr2.2%
Total income ₹266 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue229 cr308 cr251 cr
Total income243 cr323 cr266 cr
Expenses210 cr286 cr259 cr
Profit before tax29 cr36 cr8 cr
Tax7 cr6 cr2 cr
Net profit (owners' share)23 cr30 cr6 cr
Net margin (owners' share, on revenue)9.8%9.9%2.3%
EPS (₹)5.557.491.44
YoY (latest quarter): total income +11.3% · net profit -75.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,474 cr
Shareholder equity
₹1,077 cr
parent shareholders
Total debt
₹0 cr
Cash
₹48 cr
Cash flow · H1 FY26
Operating
₹-49 cr
Investing
₹65 cr
Financing
₹-43 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹4,224₹44,774 cr29.5
Inventurus Knowledge Solutions Limited₹1,730₹29,555 cr37.4
Tata Technologies Limited₹648₹26,306 cr38.4
Netweb Technologies India Limited₹4,088₹23,276 cr43.4
Affle 3i Limited₹1,583₹22,270 cr42.9
SAGILITY LIMITED₹42₹19,812 cr17.4
Black Box Limited₹798₹14,168 cr63.3
Amagi Media Labs Limited₹564₹12,209 cr94.7
Cyient Limited₹1,139₹11,939 cr24.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.52%
trailing 12 months
Dividend / share (TTM)
₹10
Last dividend
₹10
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹10 / share28 Aug 2026
Dividend₹10 / share29 Aug 2025
Dividend₹10 / share6 Sep 2024
Who owns it · 2026-09-30
No pledge
Promoter
—
FII / Foreign
4.7%
DII / Domestic
21.5%
Retail / others
73.8%
Smart-money activity
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE2.43 L @ ₹698.7228 Sep 26
BoughtHRTI PRIVATE LIMITED · NSE2.43 L @ ₹696.728 Sep 26
short— · NSE36425 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 22 Sep 2026
See the official result
1
To receive, consider and adopt a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors' and Auditors' thereon and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Auditors' thereon
Backed by 100% of shareholders other than promotersneeded 50%
53.25 L votes for, 1,493 against · 0% of mutual funds and other big investors said no
2
To declare a dividend of Rs. 10 per equity share on face value of Rs. 10 each (100 percent), of the Company for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
53.25 L votes for, 1,570 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Shailesh Haribhakti (DIN: 00007347) who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
53.22 L votes for, 3,738 against · 0% of mutual funds and other big investors said no
4
Appointment of Ms. T R Chadha and Co LLP, Chartered Accountants (Firm Registration No. 006711N - N500028) as the Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
52.23 L votes for, 2,848 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.