Protean eGov Technologies Ltd
Incorporated in December 1995, Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Ltd and is engaged in the business of developing citizen-centric and population-scale e-governance solutions.[1]
- Market Cap ₹ 3,984 Cr.
- Current Price ₹ 982
- High / Low ₹ 2,225 / 944
- Stock P/E 43.1
- Book Value ₹ 246
- Dividend Yield 1.02 %
- ROCE 12.0 %
- ROE 9.61 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.1%
- Debtor days have improved from 81.3 to 62.6 days.
Cons
- Stock is trading at 3.99 times its book value
- The company has delivered a poor sales growth of 3.26% over past five years.
- Company has a low return on equity of 11.1% over last 3 years.
- Earnings include an other income of Rs.68.2 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
755 | 716 | 603 | 691 | 741 | 882 | 841 | |
578 | 568 | 518 | 567 | 623 | 792 | 760 | |
Operating Profit | 177 | 148 | 85 | 124 | 118 | 89 | 80 |
OPM % | 23% | 21% | 14% | 18% | 16% | 10% | 10% |
33 | 38 | 49 | 79 | 42 | 68 | 68 | |
Interest | 2 | 2 | 1 | 0 | 1 | 2 | 2 |
Depreciation | 28 | 27 | 17 | 17 | 18 | 27 | 28 |
Profit before tax | 180 | 157 | 116 | 186 | 140 | 128 | 118 |
Tax % | 32% | 23% | 20% | 22% | 24% | 24% | 22% |
124 | 121 | 92 | 144 | 107 | 97 | 92 | |
EPS in Rs | 30.90 | 30.31 | 22.99 | 35.75 | 26.46 | 24.05 | 22.80 |
Dividend Payout % | 0% | 0% | 0% | 126% | 38% | 42% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 7% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -5% |
3 Years: | -6% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 41 |
Reserves | 626 | 714 | 628 | 748 | 817 | 886 | 958 |
20 | 14 | 0 | 12 | 8 | 21 | 69 | |
184 | 172 | 195 | 188 | 239 | 238 | 239 | |
Total Liabilities | 870 | 940 | 863 | 988 | 1,104 | 1,185 | 1,307 |
157 | 64 | 51 | 65 | 63 | 86 | 163 | |
CWIP | 5 | 5 | 1 | 4 | 11 | 13 | 0 |
Investments | 373 | 406 | 285 | 364 | 529 | 550 | 661 |
335 | 465 | 525 | 555 | 501 | 536 | 482 | |
Total Assets | 870 | 940 | 863 | 988 | 1,104 | 1,185 | 1,307 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
136 | 54 | 100 | 11 | 137 | 58 | 193 | |
-104 | -13 | 157 | -139 | -282 | 19 | -159 | |
-39 | -39 | -183 | -1 | -44 | -47 | -42 | |
Net Cash Flow | -7 | 2 | 74 | -129 | -190 | 29 | -8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 88 | 107 | 120 | 106 | 103 | 78 | 63 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 88 | 107 | 120 | 106 | 103 | 78 | 63 |
Working Capital Days | 28 | 103 | 55 | 43 | 20 | 24 | 51 |
ROCE % | 22% | 16% | 19% | 17% | 14% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Protean awarded INR 100 crore tech contract for 6 years by Bima Sugam India Federation.
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Announcement under Regulation 30 (LODR)-Change in Management
4 Jun - Appointment of Ranbheer Singh Dhariwal as EVP (Group Head - Social Security & Welfare) from June 9, 2025.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report for FY 2024-25 confirms full regulatory compliance, no issues found.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 May - Transcript of earnings Conference call held on May 22, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Newpaper Publication of Audited Financial Results (Standalone & Consolidated) for quarter and year ended March 31, 2025
Concalls
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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 2024TranscriptNotesPPT
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Dec 2023Transcript PPT
Business Verticals