Stock Performance Overview
On 19 Jan 2026, Protean eGov Technologies Ltd’s share price declined by 1.43%, underperforming the Sensex which fell by 0.69% on the same day. This drop contributed to the stock hitting its lowest level ever recorded at ₹693.25. The stock has consistently traded below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward pressure.
Examining the recent performance, the stock has underperformed its sector by 0.35% today and has shown a negative trend over multiple time frames. Over the past week, the stock declined by 2.10% compared to the Sensex’s 1.06% fall. The one-month performance shows a sharper decline of 8.96%, while the three-month performance reveals a significant drop of 16.60%, far exceeding the Sensex’s modest 1.14% decrease.
Year-to-date, the stock has fallen 8.29%, compared to the Sensex’s 2.61% decline. The most striking figure is the one-year performance, where Protean eGov Technologies Ltd has lost 59.60% of its value, in stark contrast to the Sensex’s 8.32% gain. Over longer horizons, the stock has failed to generate returns, with zero growth recorded over three, five, and ten years, while the Sensex has delivered 36.37%, 68.01%, and 239.03% respectively over the same periods.
Financial Metrics and Valuation
The company’s financial indicators reflect the challenges faced in sustaining profitability and growth. Operating profit has declined at an annualised rate of 38.82% over the last five years, indicating a contraction in core earnings capacity. The return on capital employed (ROCE) for the half-year ended September 2025 stands at a low 11.30%, suggesting limited efficiency in generating returns from invested capital.
Non-operating income constitutes a substantial 45.57% of profit before tax (PBT) in the latest quarter, highlighting a reliance on income sources outside the company’s primary business activities. This factor may contribute to volatility in earnings quality.
Despite these headwinds, the company maintains a low average debt-to-equity ratio of zero, indicating a conservative capital structure with minimal leverage. The return on equity (ROE) is recorded at 8.9%, which, combined with a price-to-book value ratio of 2.8, suggests a fair valuation relative to its book value. The stock is trading at a discount compared to its peers’ average historical valuations, reflecting market caution.
Profit growth over the past year has been modestly positive at 8.8%, yet this has not translated into share price appreciation. The price/earnings to growth (PEG) ratio stands at 3.7, signalling that the stock’s price may not be fully justified by its earnings growth rate.
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Market Position and Ratings
Protean eGov Technologies Ltd operates within the Computers - Software & Consulting sector and currently holds a Mojo Score of 34.0, which corresponds to a Sell rating. This rating was downgraded from Hold on 29 Sep 2025, reflecting a reassessment of the company’s prospects based on recent performance and financial metrics. The market capitalisation grade is 3, indicating a mid-tier valuation relative to market peers.
The stock’s underperformance is evident not only in absolute terms but also relative to the BSE500 index, where it has lagged over the last three months, one year, and three years. This persistent underperformance underscores the challenges in regaining investor confidence and market share.
Institutional investors hold a significant 29.45% stake in the company, suggesting that entities with advanced analytical capabilities maintain exposure despite the stock’s recent declines.
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Summary of Key Indicators
The stock’s recent all-time low price of ₹693.25 is a culmination of multiple factors including sustained negative returns, subdued operating profit growth, and a cautious market valuation. While the company’s low leverage and fair price-to-book ratio provide some stability, the overall financial and market data point to a subdued outlook in the current environment.
Protean eGov Technologies Ltd’s performance contrasts sharply with broader market indices, which have delivered positive returns over the past year and longer periods. The company’s inability to generate growth in share price or operating profit over extended periods highlights the severity of its current position within the sector.
Conclusion
Protean eGov Technologies Ltd’s stock reaching an all-time low is a significant event that reflects ongoing challenges in maintaining growth and market competitiveness. The comprehensive data indicates a period of subdued performance across multiple financial and market metrics. Investors and market participants will continue to monitor the company’s developments closely as it navigates this phase.
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