Recent Price and Performance Overview
The stock has experienced a notable downtrend, falling by 1.41% on 22 Jan 2026, while the Sensex gained 0.64% on the same day. Over the past week, Protean eGov Technologies Ltd declined by 8.92%, considerably underperforming the Sensex’s modest fall of 1.13%. The one-month performance shows a sharper drop of 17.71%, compared to the Sensex’s 3.66% decline. Over three months, the stock has lost 26.51%, whereas the Sensex has only fallen 2.36% in the same period.
Year-to-date, the stock is down 15.48%, significantly lagging the Sensex’s 3.27% decline. The most striking figure is the one-year return, where Protean eGov Technologies Ltd has plunged 60.78%, in stark contrast to the Sensex’s positive 7.89% gain. The stock has also failed to generate any returns over the last three and five years, standing at 0.00%, while the Sensex has delivered 35.98% and 68.66% respectively over these periods. Over a decade, the Sensex has surged 237.36%, highlighting the stock’s prolonged underperformance.
Technical Indicators and Moving Averages
Technically, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. The stock has also recorded four consecutive days of losses, resulting in an 8.57% decline during this period. Additionally, it underperformed its sector by 1.93% on the latest trading day, underscoring relative weakness within the Computers - Software & Consulting sector.
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Fundamental Performance and Financial Metrics
Protean eGov Technologies Ltd’s financial performance has reflected the stock’s price weakness. The company’s operating profit has declined at an annualised rate of -38.82% over the past five years, indicating subdued growth in core earnings. The return on capital employed (ROCE) for the half-year ended September 2025 stands at a low 11.30%, signalling limited efficiency in generating returns from capital invested.
Non-operating income constitutes a significant 45.57% of the company’s profit before tax (PBT) in the latest quarter, suggesting that a substantial portion of profits is derived from sources outside the core business operations. This reliance on non-operating income may affect the sustainability of earnings.
The company reported flat results in September 2025, further emphasising the lack of momentum in recent financial performance. Despite these challenges, the company maintains a low average debt-to-equity ratio of zero, indicating a debt-free capital structure.
Valuation and Shareholder Composition
Protean eGov Technologies Ltd’s return on equity (ROE) is 8.9%, which, combined with a price-to-book value of 2.6, suggests a fair valuation relative to its fundamentals. The stock is trading at a discount compared to its peers’ average historical valuations, reflecting market caution.
Interestingly, while the stock has generated a negative return of 60.78% over the past year, the company’s profits have increased by 8.8% during the same period. This divergence is reflected in a price/earnings to growth (PEG) ratio of 3.4, indicating that the market may be pricing in slower growth or other concerns.
Institutional investors hold a significant 29.45% stake in the company, suggesting that entities with greater analytical resources maintain exposure despite the stock’s recent performance.
Market Sentiment and Ratings
The company’s Mojo Score stands at 34.0, with a Mojo Grade of Sell, downgraded from Hold on 29 Sep 2025. The market capitalisation grade is 3, reflecting a small-cap status within the Computers - Software & Consulting sector. These ratings underscore the cautious stance adopted by rating agencies and market analysts.
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Comparative Sector and Market Context
Within the Computers - Software & Consulting sector, Protean eGov Technologies Ltd’s performance has been notably weaker than many of its peers. The sector itself has experienced fluctuations, but the stock’s consistent underperformance relative to the BSE500 index over one, three, and five-year horizons highlights its challenges in keeping pace with broader market and sector trends.
The stock’s persistent decline and failure to recover over extended periods contrast sharply with the Sensex’s robust gains, emphasising the divergence between this company’s trajectory and the overall market’s upward momentum.
Summary of Key Metrics
To summarise, Protean eGov Technologies Ltd’s stock has reached an all-time low, trading near ₹639.6, with a recent four-day losing streak and underperformance across multiple timeframes. The company’s financial indicators reveal subdued operating profit growth, a low ROCE, and a significant portion of profits derived from non-operating income. Despite a debt-free balance sheet and fair valuation metrics, the stock’s price has not reflected any recovery, with institutional investors maintaining a sizeable holding amid these conditions.
This comprehensive data paints a picture of a stock facing considerable headwinds, reflected in its market valuation and rating downgrades.
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