MarketFriction

Protean eGov Technologies Ltd

NSE PROTEAN · BSE 544021 · IT Enabled Services
₹639.75 -2.97%
NSE close2026-10-01
52 week range444.00 - 909.50
Market cap₹2,720 Cr.
P/E31.6
Price band 10% Delivery 28.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales235.69203.86222.08196.54219.70202.31222.15210.84250.50228.87307.54250.96
Expenses199.20206.94200.15181.43188.07186.53204.26194.43221.17197.08269.55238.54
Operating Profit36.49-3.0821.9315.1131.6315.7817.8916.4129.3331.7937.9912.42
OPM %15.48%-1.51%9.87%7.69%14.40%7.80%8.05%7.78%11.71%13.89%12.35%4.95%
Other Income12.6829.1413.0019.2613.5718.8116.5428.5214.6010.4714.5615.40
Interest0.410.520.520.500.490.261.091.521.511.572.082.65
Depreciation5.486.1910.906.777.145.818.1011.0410.3811.2714.0617.53
Profit before tax43.2819.3523.5127.1037.5728.5225.2432.3732.0429.4236.417.64
Tax %24.26%21.29%17.95%22.18%25.37%19.60%19.18%26.32%25.53%23.52%16.56%23.30%
Net Profit32.7815.2319.2921.0928.0422.9320.4023.8523.8622.5030.385.86
EPS in Rs8.103.774.775.216.925.665.035.885.885.547.481.44
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7557166036917418828419981,038
Expenses578568518567623792760882926
Operating Profit177148851241188980116112
OPM %23%21%14%18%16%10%10%12%11%
Other Income333849794268686855
Interest221012278
Depreciation282717171827284753
Profit before tax180157116186140128118130106
Tax %32%23%20%22%24%24%22%23%
Net Profit12412192144107979210183
EPS in Rs30.9030.3122.9935.7526.4724.0522.8024.7720.34
Dividend Payout %0%0%0%126%38%42%44%40%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%11%10%21%
Compounded Profit Growth%3%-1%-10%
Stock Price CAGR%%%-24%
Return on Equity%12%10%10%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4040404040404141
Reserves6267146287488178869581,037
Borrowings20146128216987
Other Liabilities184172189188239238239309
Total Liabilities8709408639881,1041,1851,3071,474
Fixed Assets1576457656386153167
CWIP551411131119
Investments373406285364529550661638
Other Assets335465519555501536482650
Total Assets8709408639881,1041,1851,3071,474
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1365410011-85819378
Cash from Investing Activity-104-13116-1391219-159-14
Cash from Financing Activity-39-39-183-1-1-47-42-54
Net Cash Flow-7232-129229-810
Free Cash Flow10942914-162614512
CFO/OP110%70%156%18%-0%104%271%82%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days88107120106103786375
Inventory Days
Days Payable
Cash Conversion Cycle88107120106103786375
Working Capital Days2599100411820-24-8
ROCE %22%15%19%17%14%12%13%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs10.64%9.74%8.61%6.71%9.90%10.90%8.78%7.77%7.54%8.62%6.01%
DIIs51.04%40.97%30.07%28.87%30.09%27.80%24.75%21.68%21.45%21.25%21.16%
Public38.32%49.28%61.32%64.43%60.00%61.29%66.46%70.54%71.00%70.13%72.84%
No. of Shareholders95,6781,46,3131,57,9751,60,6381,94,6232,09,5382,42,1852,37,7192,28,2202,17,4972,16,038

Fundamentals

Market Cap₹ 2,720 Cr.
Current Price₹ 667
Stock P/E31.6
Book Value₹ 265
ROCE12.7 %
ROE10.0 %
Dividend Yield1.50 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)-10%
Consolidated figures.
Valuation
Market capRs 2,588 Cr
Enterprise valueRs 2,458 Cr
P/E (TTM)31.33x
Price to book2.79x
Price to sales2.49x
EV / EBITDA14.76x
EV / EBIT21.69x
EV / sales2.37x
Price to cash flow44.97x
Earnings yield3.19%
Dividend yield1.56%
P/E, 3-year average41.82x
P/B, 3-year average4.39x
P/E, 5-year average41.82x
P/B, 5-year average4.39x
Profitability
Operating margin (excl. other income)10.15%
Operating margin (incl. other income)17.81%
EBITDA margin16.05%
Pre-tax margin10.17%
Net profit margin7.96%
Net margin, latest quarter2.33%
ROE10.91%
ROCE14.30%
ROA8.50%
ROE, 3-year average14.56%
ROCE, 3-year average18.84%
ROA, 3-year average11.43%
ROE, 5-year average14.75%
ROCE, 5-year average18.91%
ROA, 5-year average11.59%
ROIC (approx.)10.83%
Tax rate23.91%
Other income / net worth7.30%
Growth
Sales growth (latest year)18.96%
Profit growth (latest year)-9.12%
Sales CAGR, 3 years13.49%
Sales CAGR, 5 years3.14%
Profit CAGR, 3 years1.77%
Profit CAGR, 5 years-4.67%
Sales growth QoQ-18.40%
Profit growth QoQ-80.71%
Sales growth YoY (latest quarter)19.03%
Profit growth YoY (latest quarter)-75.43%
Per share
EPS (TTM)Rs 20.42
EPS (latest year)Rs 24.05
EPS (latest quarter)Rs 1.45
EPS, 3-year averageRs 28.73
EPS, 5-year averageRs 27.90
Book value per shareRs 228.99
Sales per shareRs 256.60
Cash flow per shareRs 14.23
Free cash flow per shareRs 2.97
Dividend per share (latest year)Rs 10.00
Dividend per share, 3-year averageRs 21.67
Dividend per share, 5-year averageRs 21.67
Dividends
Dividend payout41.58%
Dividend payout, 3-year average68.53%
Dividend payout, 5-year average68.53%
Efficiency
Asset turnover0.74x
Fixed asset turnover10.25x
Debtor days78 days
Debtors turnover4.66x
Cash conversion cycle75 days
Working capital days-8 days
Leverage
Total debtRs 21 Cr
Cash and bankRs 151 Cr
Net debtRs -130 Cr
Debt to equity0.02x
Net debt / EBITDA-0.78x
Interest coverage14.51x
Current ratio (filing 2026-03-31)2.00x
Quick ratio (filing 2026-03-31)2.00x
Trade payables (filing 2026-03-31)Rs 136 Cr
Owners' fund to total sources78.14%
Debt to assets1.75%
Cash flow
Cash from Operating Activity (latest year)Rs 58 Cr
Cash from Investing Activity (latest year)Rs 19 Cr
Cash from Financing Activity (latest year)Rs -47 Cr
Net Cash Flow (latest year)Rs 29 Cr
Free cash flow (latest year)Rs 12 Cr
FCFE (approx.: FCF + change in debt)Rs 25 Cr
Cash from ops / profit, 5 years0.61x
Sales to cash flow15.32x
Statement figures
Net sales (TTM)Rs 1,038 Cr
Net sales (latest year)Rs 882 Cr
Sales (latest quarter)Rs 251 Cr
Operating profit excl. other income (latest year)Rs 89 Cr
Operating profit (latest quarter)Rs 12 Cr
Other income (TTM)Rs 55 Cr
EBITDA (TTM)Rs 167 Cr
PBDT (TTM)Rs 159 Cr
Profit before tax (TTM)Rs 106 Cr
Tax (latest year)Rs 31 Cr
Net profit (TTM)Rs 83 Cr
Net profit (latest year)Rs 97 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 53 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 496 Cr
Total expenditure (latest year)Rs 792 Cr
Total income (latest year)Rs 949 Cr
Share capitalRs 40 Cr
ReservesRs 886 Cr
Shareholders' fundsRs 926 Cr
Total assetsRs 1,185 Cr
Net blockRs 86 Cr
Capital work in progressRs 13 Cr
InvestmentsRs 550 Cr
ReceivablesRs 189 Cr
Other liabilitiesRs 238 Cr
Shares outstanding (crore)4.04
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 31.3 is at the 22th percentile of its own 3.0-year range (median 38.4, low 19.9, high 61.5).
P/B 2.79 is at the 17th percentile (median 4.93).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPROTEANNifty 50Difference
1 week-0.3%-2.8% +2.4 pts
1 month+25.5%-6.8% +32.3 pts
3 months+6.8%-7.6% +14.4 pts
6 months+43.3%+0.4% +42.9 pts
1 year-29.1%-9.9% -19.2 pts
1 mutual fund schemes hold about ₹47 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.06%47 -22%

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 17% of net profit over the last 3 years
explainDebt up, profit down Borrowings up 162% while net profit fell in 2026
lookProfit leans on other income Other income was 53% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-08-04: Protean eGov Technologies Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹251 Cr +19.0% vs Jun 2025. Net profit ₹6 Cr -75.4%.

Activity

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DateClientSideQtyPrice
2026-09-28Hrti Private LimitedSELL243,192698.72
2026-09-28Hrti Private LimitedBUY242,723696.70
Ex-dateActionFactor
2026-08-28Dividend - Rs 10 Per Share
2025-08-29Dividend - Rs 10 Per Share
DateTypeWhat it says
2026-09-30Change in ManagementChange in management due to retirement of Senior Management Personnel
2026-09-30CessationCessation of Mr. Tejas Desai, Executive Vice President - Group Head, Internal Audit of the company w.e.f. October 01, 2026.
2026-09-30RetirementRetirement of Senior Management Personnel
2026-09-24Shareholder meetingVoting results.
2026-09-23Price movementSignificant movement in price has been observed in Protean eGov Technologies Limited. The Exchange, in order to ensure that investors have latest rele...
2026-09-23Price movementSignificant movement in price has been observed in Protean eGov Technologies Limited. The Exchange, in order to ensure that investors have latest rele...
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-10UpdatesAllotment of Equity Shares under ESOP Plan.
2026-09-08Concall / analyst meetSchedule of meet
2026-08-28General UpdatesLetter to shareholders providing weblink for Integrated Annual Report for FY25-26
2026-08-28Shareholder meeting31st Notice of Annual General Meeting to be held on September 22, 2026
2026-08-17Awarding of order(s)/contracAwarding of order(s)/contract(s)
2026-08-17General UpdatesCommunication to Shareholders - Tax Deduction at Source (TDS) / Withholding Tax on Final Dividend for FY 2025-26s
2026-08-17Shareholder meetingProtean eGov Technologies Limited has submitted the Exchange a copy Srutinizers report and e-voting results for Postal Ballot Activity
2026-08-14Record DateRecord date for the purpose of payment of Final Dividend for FY25-26 as 28-Aug-2026
2026-08-07Concall / analyst meetTranscript
2026-08-04Concall / analyst meetLink of Recording
2026-08-04Change in ManagementChange in Management - Appointment of Statutory Auditor for first term of five years subject to approval of shareholders
2026-08-04Change in AuditorsChange in Auditors of the company.
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Press Release on Companys Operational & Financial Performance for Q1FY27".
2026-08-04Board meeting outcomeProtean eGov Technologies Limited has submitted to the Exchange, the Unaudited Financial Results (standalone & consolidated) for the period ended Jun ...
2026-07-28Concall / analyst meetSchedule of meet
2026-07-16Shareholder meetingNotice of Postal Ballot
2026-07-15Board meeting outcomeOutcome of circular resolution passed by the Board of Directors
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 25perc in previous 1 monthClose to Close price movement greater than 25perc in previous 15 Days

Quick answers

What is the market cap of Protean eGov Technologies Ltd?

Protean eGov Technologies Ltd (PROTEAN) has a market capitalisation of Rs 2,720 Cr. at the 2026-10-01 close.

What is the P/E ratio of Protean eGov Technologies Ltd?

Protean eGov Technologies Ltd trades at a P/E of 31.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Protean eGov Technologies Ltd's latest quarterly results?

In the Jun 2026 quarter, Protean eGov Technologies Ltd sales was Rs 251 Cr (+19.0% vs Jun 2025) and net profit was Rs 6 Cr.

What is the 52-week high and low of Protean eGov Technologies Ltd?

The 52-week high is Rs 909.50 and the 52-week low is Rs 444.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03