Protean eGov

Why is Protean eGov Technologies Ltd falling/rising?

As of 01-Aug, Protean eGov Technologies Ltd's stock price is declining at 616.65, down 0.48%, due to reduced investor participation and long-term growth concerns despite positive quarterly results. The stock has underperformed the market over the past year, with a significant drop in operating profit and high valuation ratios raising investor apprehension.

As of 01-Aug, Protean eGov Technologies Ltd is experiencing a decline in its stock price, currently at 616.65, which reflects a change of -2.95 (-0.48%). This downward movement is attributed to several factors. The stock has been losing for the last two days, with a cumulative return of -2.37% during this period. Additionally, there has been a significant drop in investor participation, as evidenced by a 58.91% decrease in delivery volume compared to the 5-day average.<BR><BR>While the company reported positive quarterly results, including a 34.8% growth in net sales and the highest recorded PBDIT and PBT figures, these short-term gains are overshadowed by long-term concerns. The stock has underperformed the market over the past year, generating a return of -21.48% compared to the BSE500's positive return of 1.95%. Furthermore, the company's operating profit has declined at an annual rate of -11.64% over the last five years, indicating poor long-term growth prospects.<BR><BR>Despite having high institutional holdings at 27.16%, which typically suggests a level of confidence in the company's fundamentals, the stock's expensive valuation, with a Price to Book Value of 2.3 and a PEG ratio of 1.9, raises concerns among investors. Overall, these factors contribute to the stock's current decline, reflecting a combination of recent performance issues and broader market underperformance.

Which are the latest news on Protean eGov?

When is the next results date for Protean eGov Technologies Ltd?

The next results date for Protean eGov Technologies Ltd is 04 August 2026.

The next results date for Protean eGov Technologies Ltd is scheduled for 04 August 2026.

What does Protean eGov do?

Protean eGov Technologies Ltd, a small-cap company in the software and consulting industry, focuses on e-governance solutions. As of March 2026, it reported net sales of ₹308 Cr and a net profit of ₹30 Cr, with a market cap of ₹2,483 Cr.

Overview:<BR>Protean eGov Technologies Ltd operates in the Computers - Software & Consulting industry and is categorized as a Small Cap company.<BR><BR>History:<BR>The company was originally incorporated as National Securities Depository Limited in 1995. It underwent several name changes, becoming NSDL e-Governance Infrastructure Limited in 2012 and finally Protean eGov Technologies Limited in 2021. The latest reported quarterly results for net sales and net profit are for March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 308 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 30 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 2,483 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 23.00<BR>- Industry P/E: 20<BR>- Dividend Yield: 1.64%<BR>- Debt Equity: -0.22<BR>- Return on Equity: 9.68%<BR>- Price to Book: 2.30<BR><BR>Contact Details:<BR>No Company Details Available. Address, phone, email, and website are not provided.

How big is Protean eGov?

As of 10th June, Protean eGov Technologies Ltd has a market capitalization of 2,483.00 Cr and reported net sales of 997.75 Cr and net profit of 100.59 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Protean eGov Technologies Ltd has a market capitalization of 2,483.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 997.75 Cr, while the sum of Net Profit for the same period is 100.59 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds stand at 998.78 Cr, and Total Assets are valued at 1,292.84 Cr.

Who are in the management team of Protean eGov?

The management team of Protean eGov includes Suresh Kumar Sethi (Managing Director & CEO), Jayesh Waman Sule (Whole Time Director & COO), and several Non-Executive and Independent Directors, along with Maulesh Jagatkumar Kantharia as Company Secretary & Compliance Officer, bringing diverse expertise to the company.

The management team of Protean eGov includes the following key members:<BR><BR>1. **Suresh Kumar Sethi** - Managing Director & CEO<BR>2. **Jayesh Waman Sule** - Whole Time Director & COO<BR>3. **Karan Bhagat** - Non Executive Director<BR>4. **Mukesh Agarwal** - Non Executive Director<BR>5. **Shailesh V Haribhakti** - Non Executive Director<BR>6. **Abhaya Prasad Hota** - Independent Director<BR>7. **Lloyd Mathias** - Independent Director<BR>8. **Shailesh Kekre** - Independent Director<BR>9. **Preeti Mehta** - Independent Director<BR>10. **Aruna Krishnamurthy Rao** - Independent Director<BR>11. **Maulesh Jagatkumar Kantharia** - Company Secretary & Compliance Officer<BR><BR>This team brings a diverse range of expertise and leadership to the company.

Who are the peers of the Protean eGov?

Peers of Protean eGov include Network People, Sasken Technologies, 63 Moons Tech, R Systems International, Zaggle Prepaid, Silver Touch, BLS E-Services, Ceinsys Tech, Saksoft, and Hypersoft Tech. Protean eGov has average management and growth risks, with a 1-year return of -39.35%, better than Zaggle Prepaid but worse than most peers.

Peers: The peers of Protean eGov are Network People, Sasken Technol., 63 Moons Tech., R Systems Intl., Zaggle Prepaid, Silver Touch, BLS E-Services, Ceinsys Tech, Saksoft, and Hypersoft Tech.<BR><BR>Quality Snapshot: Excellent management risk is observed at Network People and R Systems Intl., while Average management risk is found at Sasken Technol., 63 Moons Tech., Silver Touch, BLS E-Services, Ceinsys Tech, Saksoft, and Protean eGov, and Below Average management risk is noted at Zaggle Prepaid and Hypersoft Tech. Growth is Excellent for Network People, Zaggle Prepaid, Silver Touch, BLS E-Services, and Ceinsys Tech, while Average growth is seen at R Systems Intl. and Saksoft, and Below Average growth is noted at Sasken Technol., 63 Moons Tech., and Protean eGov. Excellent capital structure is exhibited by Network People, Sasken Technol., R Systems Intl., Zaggle Prepaid, Protean eGov, Silver Touch, BLS E-Services, Ceinsys Tech, Saksoft, and Hypersoft Tech, while Below Average capital structure is found at 63 Moons Tech.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Hypersoft Tech. at 865.53%, while the lowest is Zaggle Prepaid at -56.73%. Protean eGov's 1-year return of -39.35% is better than Zaggle Prepaid's but worse than most peers. Additionally, the six-month return is negative for R Systems Intl., Zaggle Prepaid, and Ceinsys Tech.

Should I buy, sell or hold Protean eGov Technologies Ltd?

Are Protean eGov Technologies Ltd latest results good or bad?

Protean eGov Technologies Ltd's latest quarterly results are strong, with a 48.92% year-on-year profit increase and significant revenue growth. However, the full-year results show a decline in net sales and profit, raising concerns about long-term sustainability.

Protean eGov Technologies Ltd's latest results present a mixed picture. In Q4 FY26, the company reported a net profit of ₹30.38 crores, which is a significant increase of 48.92% year-on-year and a 35.02% rise from the previous quarter. Revenue for the same quarter reached ₹307.54 crores, marking a 38.44% year-on-year growth and a robust 34.37% increase quarter-on-quarter. Additionally, the operating margin improved to 12.35%, up from 8.05% in Q4 FY25.<BR><BR>However, when looking at the full-year results for FY25, the company experienced a decline in annual net sales by 4.8% to ₹840.00 crores and a decrease in profit after tax by 5.15% to ₹92.00 crores. This decline raises concerns about the sustainability of growth and profitability going forward, especially given the volatility in revenue and the heavy reliance on non-operating income, which constituted a significant portion of profit before tax.<BR><BR>Overall, while the quarterly results show strong performance and positive momentum, the longer-term outlook is clouded by declining annual results and operational challenges. Investors may need to weigh these factors carefully when assessing the company's performance.

Is Protean eGov overvalued or undervalued?

As of November 10, 2025, Protean eGov is considered overvalued with a valuation grade of expensive, reflected by a PE ratio of 37.47 and poor stock performance, contrasting sharply with its peers TCS and Infosys, which are rated attractive and fairly valued, respectively.

As of 10 November 2025, the valuation grade for Protean eGov has moved from very expensive to expensive, indicating a shift in perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 37.47, an EV to EBITDA of 18.14, and a PEG ratio of 4.44, which suggest that the stock is priced significantly higher than its earnings growth potential.<BR><BR>In comparison to its peers, TCS is rated attractive with a PE of 21.77 and EV to EBITDA of 8.55, while Infosys is fairly valued with a PE of 22.37. This stark difference highlights the premium at which Protean eGov is trading relative to more established competitors. Additionally, the company's recent stock performance has been poor, with a year-to-date return of -56.6%, contrasting sharply with the Sensex's gain of 6.91% in the same period, further reinforcing the notion that Protean eGov is overvalued.

Is Protean eGov technically bullish or bearish?

As of November 7, 2025, the market trend is mildly bearish, influenced by daily moving averages and a significant year-to-date decline of 56.39%, despite some bullish signals from weekly MACD and OBV indicators.

As of 7 November 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum. The weekly MACD and KST are mildly bullish, but this is offset by the monthly Bollinger Bands showing a bearish trend. The RSI signals are neutral, and while the OBV is bullish on both weekly and monthly time frames, the overall sentiment remains cautious due to the recent price action and significant year-to-date decline of 56.39%.

How has been the historical performance of Protean eGov?

Protean eGov's historical performance shows fluctuating financial metrics, with net sales and profits declining in Mar'25 compared to Mar'24, while total assets and cash flow from operations improved. Despite decreased profitability, the company maintains a stable financial position.

Answer:<BR>The historical performance of Protean eGov shows a fluctuating trend in key financial metrics over the past four years.<BR><BR>Breakdown:<BR>Protean eGov's net sales decreased from 882.04 Cr in Mar'24 to 840.70 Cr in Mar'25, following an upward trend from 690.91 Cr in Mar'22 and 742.20 Cr in Mar'23. Total operating income mirrored this trend, with a decline to 840.70 Cr in Mar'25 from 882.04 Cr in Mar'24. The total expenditure, excluding depreciation, also saw a decrease to 760.29 Cr in Mar'25 from 792.60 Cr in Mar'24. Operating profit (PBDIT) fell to 148.59 Cr in Mar'25 from 157.01 Cr in Mar'24, while profit before tax decreased to 118.43 Cr from 127.86 Cr in the same period. Profit after tax followed suit, declining to 92.46 Cr in Mar'25 from 97.29 Cr in Mar'24. The earnings per share (EPS) also dropped to 22.8 from 24.05. On the balance sheet, total assets increased to 1,292.84 Cr in Mar'25 from 1,163.76 Cr in Mar'24, while total liabilities rose to 1,292.84 Cr from 1,163.76 Cr, indicating a stable financial position despite the declines in profitability. Cash flow from operating activities improved significantly to 192.00 Cr in Mar'25 from 57.00 Cr in Mar'24, although net cash outflow was recorded at -8.00 Cr in Mar'25 compared to a net inflow of 28.00 Cr in Mar'24. Overall, Protean eGov's performance reflects a complex interplay of declining revenues and profits alongside growth in total assets and cash flow from operations.

Who are the top shareholders of the Protean eGov?

The top shareholders of Protean eGov include individual investors at 47.37%, Foreign Institutional Investors at 10.91%, and mutual funds with 6.29%. The largest public shareholder is the Administrator of the Specified Undertaking of the Unit Trust of India, holding 5.14%.

The top shareholders of Protean eGov include a mix of individual and institutional investors. Notably, individual investors hold a significant portion at 47.37%. In terms of institutional holdings, mutual funds are represented by 7 schemes, accounting for 6.29% of the shares. Foreign Institutional Investors (FIIs) hold 10.91% through 59 different entities. The highest public shareholder is the Administrator of the Specified Undertaking of the Unit Trust of India, specifically for the Unit Scheme 1964, which holds 5.14%. There are no pledged promoter holdings, and there is no single promoter with the highest holding.

Has Protean eGov declared dividend?

Yes, Protean eGov Technologies Ltd has declared a 100% dividend, amounting to ₹10 per share, with an ex-date of September 6, 2024. However, the company has experienced significant negative returns in the short term, with total returns of -46.44% over six months and -9.14% over one year.

Protean eGov Technologies Ltd has declared a 100% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Amount per share: 10<BR>- Ex-date: 06 Sep 24<BR><BR>Dividend Yield: 1.05%.<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -46.44%, with a dividend return of 0%, resulting in a total return of -46.44%.<BR><BR>For the 1-year period, the price return was -10.0%, the dividend return was 0.86%, leading to a total return of -9.14%.<BR><BR>Over the 2-year period, there was no price return or dividend return, resulting in a total return of 0.0%.<BR><BR>In the 3-year period, the price return remained at 0%, with no dividend return, resulting in a total return of 0.0%.<BR><BR>For the 4-year period, there was again no price return or dividend return, leading to a total return of 0.0%.<BR><BR>In the 5-year period, the price return was 0%, and there was no dividend return, resulting in a total return of 0.0%.<BR><BR>Overall, while Protean eGov has declared a dividend, the total returns over various periods indicate significant negative performance in the short term, with no positive returns in the longer term.