Protean eGov Technologies Ltd
Incorporated in December 1995, Protean eGov Technologies Limited is engaged in the business of developing citizen-centric and population-scale e-governance solutions.[1]
- Market Cap ₹ 2,503 Cr.
- Current Price ₹ 616
- High / Low ₹ 946 / 444
- Stock P/E 25.7
- Book Value ₹ 265
- Dividend Yield 1.62 %
- ROCE 12.5 %
- ROE 9.37 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 42.1%
Cons
- The company has delivered a poor sales growth of 10.6% over past five years.
- Company has a low return on equity of 9.99% over last 3 years.
- Earnings include an other income of Rs.69.1 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Part of BSE Information Technology
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 898 | 756 | 716 | 603 | 691 | 741 | 880 | 840 | 996 | |
| 717 | 589 | 568 | 518 | 567 | 622 | 788 | 758 | 889 | |
| Operating Profit | 181 | 167 | 148 | 85 | 124 | 119 | 92 | 82 | 107 |
| OPM % | 20% | 22% | 21% | 14% | 18% | 16% | 10% | 10% | 11% |
| 27 | 35 | 38 | 49 | 79 | 41 | 68 | 68 | 69 | |
| Interest | 0 | 0 | 2 | 1 | 0 | 1 | 2 | 2 | 7 |
| Depreciation | 11 | 20 | 27 | 17 | 17 | 18 | 27 | 28 | 46 |
| Profit before tax | 197 | 182 | 157 | 116 | 186 | 141 | 131 | 120 | 124 |
| Tax % | 31% | 32% | 23% | 20% | 22% | 24% | 23% | 22% | 24% |
| 136 | 124 | 121 | 92 | 144 | 108 | 100 | 94 | 94 | |
| EPS in Rs | 33.88 | 31.12 | 30.30 | 23.03 | 35.72 | 26.60 | 24.81 | 23.23 | 23.22 |
| Dividend Payout % | 23% | 0% | 0% | 0% | 98% | 38% | 40% | 43% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -3% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 41 | 41 |
| Reserves | 530 | 626 | 714 | 628 | 748 | 818 | 890 | 964 | 1,036 |
| 0 | 0 | 14 | 0 | 0 | 8 | 21 | 69 | 18 | |
| 172 | 184 | 173 | 195 | 200 | 239 | 238 | 239 | 382 | |
| Total Liabilities | 741 | 850 | 940 | 863 | 989 | 1,105 | 1,189 | 1,313 | 1,477 |
| 136 | 135 | 64 | 51 | 52 | 63 | 86 | 150 | 182 | |
| CWIP | 6 | 5 | 5 | 1 | 4 | 11 | 11 | 11 | 2 |
| Investments | 287 | 373 | 406 | 288 | 375 | 540 | 563 | 674 | 649 |
| 312 | 338 | 465 | 523 | 557 | 491 | 529 | 478 | 644 | |
| Total Assets | 741 | 850 | 940 | 863 | 989 | 1,105 | 1,189 | 1,313 | 1,477 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 99 | 127 | 54 | 100 | 95 | 138 | 60 | 195 | 85 | |
| -78 | -103 | -13 | 154 | 75 | -283 | 16 | -161 | -21 | |
| -31 | -31 | -39 | -183 | -34 | -44 | -47 | -42 | -54 | |
| Net Cash Flow | -11 | -7 | 2 | 71 | 136 | -189 | 29 | -8 | 10 |
| Free Cash Flow | 50 | 87 | 42 | 91 | 208 | 115 | 30 | 147 | 18 |
| CFO/OP | 90% | 111% | 70% | 155% | 115% | 152% | 103% | 269% | 95% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 88 | 107 | 120 | 106 | 103 | 78 | 63 | 74 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 67 | 88 | 107 | 120 | 106 | 103 | 78 | 63 | 74 |
| Working Capital Days | 21 | 25 | 99 | 55 | 41 | 19 | 21 | -23 | 42 |
| ROCE % | 29% | 22% | 16% | 20% | 17% | 15% | 12% | 12% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Aadhaar Authentication Transactions Crore |
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| CRA Subscribers (Cumulative NPS + APY + UPS) Crore |
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| e-KYC Transactions Crore |
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| Online PAN Verifications (OPV) Crore |
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| PAN Cards Issued (Annual) Crore |
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| Assisted Distribution Touchpoints Count (Lakhs) |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Jul
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Board Meeting Intimation for Intimation For Board Meeting - August 4, 2026
27 Jul - Board meets August 4, 2026 to approve Q1 FY27 unaudited standalone and consolidated results.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Jul
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 16 Jul
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Board Meeting Outcome for Outcome Of Circular Resoultion Passed By The Board
15 Jul - On July 15, 2026, board approved postal ballot for Ajay Rajan MD&CEO and Nandkumar Saravade independent director appointments.
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Dec 2025TranscriptPPT
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptPPTREC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Dec 2023Transcript PPT
Business Verticals- FY26[1]
a) Tax Services (50%):[2]
The company facilitates the issuance, reissuance, and updating of PAN cards, and the processing of Tax Deduction and Collection Account Numbers. It also supports Online PAN Verification and operates a nationwide network of TIN Facilitation Centres (TIN FCs) and PAN Centres. It has a 64% market share in cumulative Pan Issuance terms. It operates over 4 lakh PAN/TIN facilitation centres covering 18,000 locations across 36 states and Union territories in India.
As of FY26, the company has processed over 57.3 Crs PAN applications, including 4.7 Crs cards issued during the year vs 4.4 Crs cards issued in FY25. [3]