Protean eGov Technologies
PROTEAN NSE
Protean eGov Technologies
Information TechnologyNSE: PROTEAN BSE: 544021 IT Enabled Services
Key Fundamentals
MicrocapIT Enabled ServicesInformation TechnologyMarket Cap
₹1,990 Cr
Volatility
Moderate
P/E Ratio
24.21
EBITDA
₹188 Cr
Return on Equity
9.34%
Debt to Equity
0.08
Book Value
₹265.22
52W High
₹939.8
52W Low
₹444
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.9%
Weaknesses
3- The company has delivered a poor sales growth of 10.6% over past five years.
- Company has a low return on equity of 10.2% over last 3 years.
- Earnings include an other income of Rs.55.0 Cr.
Growth Rate
Revenue Growth
17.79% higher than
3Y
Net Income Growth
8.76% higher than
3Y
Cash Flow Change
-59.28% lower than
3Y
ROE
0.86% lower than
3Y
ROCE
4.83% higher than
3Y
EBITDA Margin (Avg.)
7.58% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 220 | 236 | 204 | 222 | 197 | 220 | 202 | 222 | 211 | 251 | 229 | 308 | 251 |
| Expenses | 186 | 199 | 207 | 200 | 181 | 188 | 187 | 204 | 194 | 221 | 197 | 270 | 239 |
| Operating Profit | 34.1 | 36.49 | -3.08 | 21.93 | 15.11 | 31.63 | 15.78 | 17.89 | 16.41 | 29.33 | 31.79 | 37.99 | 12.42 |
| OPM % | 15.47% | 15.48% | -1.51% | 9.87% | 7.69% | 14.4% | 7.8% | 8.05% | 7.78% | 11.71% | 13.89% | 12.35% | 4.95% |
| Other Income | 12.75 | 12.68 | 29.14 | 13 | 19.26 | 13.57 | 18.81 | 16.54 | 28.52 | 14.6 | 10.47 | 14.56 | 15.4 |
| Interest | 0.22 | 0.41 | 0.52 | 0.52 | 0.5 | 0.49 | 0.26 | 1.09 | 1.52 | 1.51 | 1.57 | 2.08 | 2.65 |
| Depreciation | 4.91 | 5.48 | 6.19 | 10.9 | 6.77 | 7.14 | 5.81 | 8.1 | 11.04 | 10.38 | 11.27 | 14.06 | 17.53 |
| PBT | 41.72 | 43.28 | 19.35 | 23.51 | 27.1 | 37.57 | 28.52 | 25.24 | 32.37 | 32.04 | 29.42 | 36.41 | 7.64 |
| Tax % | 22.79% | 24.26% | 21.29% | 17.95% | 22.18% | 25.37% | 19.6% | 19.18% | 26.32% | 25.53% | 23.52% | 16.56% | 23.3% |
| Net Profit | 32.21 | 32.78 | 15.23 | 19.29 | 21.09 | 28.04 | 22.93 | 20.4 | 23.85 | 23.86 | 22.5 | 30.38 | 5.86 |
| EPS in Rs | 7.96 | 8.1 | 3.77 | 4.77 | 5.21 | 6.92 | 5.66 | 5.03 | 5.88 | 5.88 | 5.54 | 7.48 | 1.44 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 755 | 716 | 603 | 691 | 741 | 882 | 841 | 998 | 1,038 |
| Expenses | 578 | 568 | 518 | 567 | 623 | 792 | 760 | 882 | 926 |
| Operating Profit | 177 | 148 | 85 | 124 | 118 | 89 | 80 | 116 | 112 |
| OPM % | 23% | 21% | 14% | 18% | 16% | 10% | 10% | 12% | 11% |
| Other Income | 33 | 38 | 49 | 79 | 42 | 68 | 68 | 68 | 55 |
| Interest | 2 | 2 | 1 | 0 | 1 | 2 | 2 | 7 | 8 |
| Depreciation | 28 | 27 | 17 | 17 | 18 | 27 | 28 | 47 | 53 |
| PBT | 180 | 157 | 116 | 186 | 140 | 128 | 118 | 130 | 106 |
| Tax % | 32% | 23% | 20% | 22% | 24% | 24% | 22% | 23% | — |
| Net Profit | 124 | 121 | 92 | 144 | 107 | 97 | 92 | 101 | 83 |
| EPS in Rs | 30.9 | 30.31 | 22.99 | 35.75 | 26.47 | 24.05 | 22.8 | 24.77 | 20.34 |
| Div. Payout % | 0% | 0% | 0% | 126% | 38% | 42% | 44% | 40% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 41 | 41 |
| Reserves | 626 | 714 | 628 | 748 | 817 | 886 | 958 | 1,037 |
| Borrowings | 20 | 14 | 6 | 12 | 8 | 21 | 69 | 87 |
| Other Liabilities | 184 | 172 | 189 | 188 | 239 | 238 | 239 | 309 |
| Total Liabilities | 870 | 940 | 863 | 988 | 1,104 | 1,185 | 1,307 | 1,474 |
| Fixed Assets | 157 | 64 | 57 | 65 | 63 | 86 | 153 | 167 |
| CWIP | 5 | 5 | 1 | 4 | 11 | 13 | 11 | 19 |
| Investments | 373 | 406 | 285 | 364 | 529 | 550 | 661 | 638 |
| Other Assets | 335 | 465 | 519 | 555 | 501 | 536 | 482 | 650 |
| Total Assets | 870 | 940 | 863 | 988 | 1,104 | 1,185 | 1,307 | 1,474 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 136 | 54 | 100 | 11 | -8 | 58 | 193 | 78 |
| Investing | -104 | -13 | 116 | -139 | 12 | 19 | -159 | -14 |
| Financing | -39 | -39 | -183 | -1 | -1 | -47 | -42 | -54 |
| Net Cash Flow | -7 | 2 | 32 | -129 | 2 | 29 | -8 | 10 |
| Free Cash Flow | 109 | 42 | 91 | 4 | -16 | 26 | 145 | 12 |
| CFO/OP | 110 | 70 | 156 | 18 | 0 | 104 | 271 | 82 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88 | 107 | 120 | 106 | 103 | 78 | 63 | 75 |
| Cash Conversion Cycle | 88 | 107 | 120 | 106 | 103 | 78 | 63 | 75 |
| Working Capital Days | 25 | 99 | 100 | 41 | 18 | 20 | -24 | -8 |
| ROCE % | — | 22% | 15% | 19% | 17% | 14% | 12% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Protean eGov Technologies insights
57 extracted metrics + investor summaries across FY19–FY27.
Documents
1
Non-Applicability Of Large Corporate Entity Disclosure
7 Apr - Protean confirms it is not a Large Corporate; initial and annual disclosures under SEBI circular are not applicable. 7 Apr - Protean confirms it is not a Large Corporate; initial and annual disclosures under SEBI circular are not applicable.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Compliance Certificate for the quarter ended March 31, 2026 under Reg.74(5) of SEBI (DP) Regulations, 2018 6 Apr - Compliance Certificate for the quarter ended March 31, 2026 under Reg.74(5) of SEBI (DP) Regulations, 2018
3
Closure of Trading Window
23 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY ended March 31, 2026 results. 23 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY ended March 31, 2026 results.
4
Update On Order - In - Appeal Received From Commissioner (Appeals-II), CGST & CX, Mumbai
14 Mar - GST order: demand Rs6.28Cr, penalty Rs0.628Cr; appeal filed; no material impact envisaged. 14 Mar - GST order: demand Rs6.28Cr, penalty Rs0.628Cr; appeal filed; no material impact envisaged.
Frequently Asked Questions about Protean eGov Technologies
What does Protean eGov Technologies Ltd do?
Incorporated in December 1995, Protean eGov Technologies Limited is engaged in the business of developing citizen-centric and population-scale e-governance solutions.[1]
Where is Protean eGov Technologies Ltd (PROTEAN) listed?
Protean eGov Technologies Ltd trades as PROTEAN on the NSE and under code 544021 on the BSE.
Which sector does Protean eGov Technologies Ltd belong to?
Protean eGov Technologies Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the market capitalisation of Protean eGov Technologies Ltd?
Protean eGov Technologies Ltd has a market capitalisation of ₹1,990 Cr, which places it in the Small Cap band.
What is the PE ratio of Protean eGov Technologies Ltd?
Protean eGov Technologies Ltd trades at a PE ratio of 24.21, against a book value of ₹265.22 per share.
What is the 52-week high and low of Protean eGov Technologies Ltd?
Over the last 52 weeks Protean eGov Technologies Ltd has traded between ₹444 and ₹939.8.
Does Protean eGov Technologies Ltd pay dividends?
Protean eGov Technologies Ltd has a dividend yield of 2.03%.
What is the Return on Equity (ROE) of Protean eGov Technologies Ltd?
Protean eGov Technologies Ltd reported a return on equity of 9.34%. Its debt-to-equity ratio is 0.08.
Company Information
Incorporated in December 1995, Protean eGov Technologies Limited is engaged in the business of developing citizen-centric and population-scale e-governance solutions.[1]
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