PROTEANInformation Technology

Protean eGov Technologies Limited

IT Enabled Services · ISIN INE004A01022 · BSE 544021 · NSE EQ · FV ₹10
Last price
₹489
+0.74%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:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 105–123 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)
32

At close. Not part of the score.

Profitability & returns19

How much profit it earns on the money it employs

Balance sheet65

How much it owes, and whether earnings cover the interest

Cash quality38

Whether reported profit actually arrives as cash

Valuation34

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
₹489 +0.74%
latest close · 2026-09-17
52-wk low ₹48442 sessions so far52-wk high ₹648
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 ratio84.9High
LowAverageHigh
P/B ratio1.84Moderate
Below bookModerateHigh
EV / EBITDA17.4High
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
₹1,986 cr
Book value
₹265
EPS
₹1.44
latest quarter
Net debt
₹-48 cr
more cash than debt
Enterprise value
₹1,938 cr
EBITDA
₹111 cr
annualised
EBIT
₹41 cr
annualised
Operating margin
4.1%
Return on assets
1.6%
Earnings yield
1.18%
P/S
1.98
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 %
56.5%
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 2026-09-17.

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₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.05%
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 · 2026-06-30
No pledge
Promoter
FII / Foreign
6.0%
DII / Domestic
21.1%
Retail / others
72.8%
Smart-money activity
Bulk / block deals
short · NSE6325 Aug 26
SoldISHARES CYBERSECURITY AND TECH ETF · NSE3.82 L @ ₹607.1619 Jun 26
short · NSE2578 Jun 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.

Postal ballot · 15 Aug 2026
See the official result
1
Appointment of Mr. Ajay Rajan (DIN: 09756949) as a Director of the Company w.e.f. June 1, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
68.69 L votes for, 11,949 against · 0% of mutual funds and other big investors said no
2
To appoint Mr. Ajay Rajan (DIN: 09756949) as the Managing Director & Chief Executive Officer (“MD & CEO”) of the Company with effect from June 1, 2026 for a term of 3 years and approval of minimum managerial remuneration.
Backed by 99% of shareholders other than promotersneeded 75%
68.31 L votes for, 49,857 against · 1% of mutual funds and other big investors said no
3
Appointment of Mr. Nandkumar Saravade (DIN: 07601861) as a Non-Executive Independent Director for a first term of 3 years w.e.f. June 1, 2026 of the Company
Backed by 100% of shareholders other than promotersneeded 75%
68.67 L votes for, 13,720 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.