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 ₹ 2,591 Cr.
- Current Price ₹ 638
- High / Low ₹ 1,010 / 444
- Stock P/E 24.9
- Book Value ₹ 265
- Dividend Yield 1.57 %
- ROCE 12.7 %
- ROE 10.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.9%
Cons
- The company has delivered a poor sales growth of 10.6% over past five years.
- Company has a low return on equity of 10.1% 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
Part of BSE Information Technology
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 755 | 716 | 603 | 691 | 741 | 882 | 841 | 998 | |
| 578 | 568 | 518 | 567 | 623 | 792 | 760 | 882 | |
| Operating Profit | 177 | 148 | 85 | 124 | 118 | 89 | 80 | 116 |
| OPM % | 23% | 21% | 14% | 18% | 16% | 10% | 10% | 12% |
| 33 | 38 | 49 | 79 | 42 | 68 | 68 | 68 | |
| Interest | 2 | 2 | 1 | 0 | 1 | 2 | 2 | 7 |
| Depreciation | 28 | 27 | 17 | 17 | 18 | 27 | 28 | 47 |
| Profit before tax | 180 | 157 | 116 | 186 | 140 | 128 | 118 | 130 |
| Tax % | 32% | 23% | 20% | 22% | 24% | 24% | 22% | 23% |
| 124 | 121 | 92 | 144 | 107 | 97 | 92 | 101 | |
| EPS in Rs | 30.90 | 30.31 | 22.99 | 35.75 | 26.47 | 24.05 | 22.80 | 24.77 |
| Dividend Payout % | 0% | 0% | 0% | 126% | 38% | 42% | 44% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -1% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 41 | 41 |
| Reserves | 626 | 714 | 628 | 748 | 817 | 886 | 958 | 1,037 |
| 20 | 14 | 6 | 12 | 8 | 21 | 69 | 87 | |
| 184 | 172 | 189 | 188 | 239 | 238 | 239 | 309 | |
| Total Liabilities | 870 | 940 | 863 | 988 | 1,104 | 1,185 | 1,307 | 1,474 |
| 157 | 64 | 57 | 65 | 63 | 86 | 153 | 184 | |
| CWIP | 5 | 5 | 1 | 4 | 11 | 13 | 11 | 2 |
| Investments | 373 | 406 | 285 | 364 | 529 | 550 | 661 | 638 |
| 335 | 465 | 519 | 555 | 501 | 536 | 482 | 650 | |
| Total Assets | 870 | 940 | 863 | 988 | 1,104 | 1,185 | 1,307 | 1,474 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 136 | 54 | 100 | 11 | -8 | 58 | 193 | 78 | |
| -104 | -13 | 116 | -139 | 12 | 19 | -159 | -14 | |
| -39 | -39 | -183 | -1 | -1 | -47 | -42 | -54 | |
| Net Cash Flow | -7 | 2 | 32 | -129 | 2 | 29 | -8 | 10 |
| Free Cash Flow | 109 | 42 | 91 | 4 | -16 | 26 | 145 | 12 |
| CFO/OP | 110% | 70% | 156% | 18% | -0% | 104% | 271% | 82% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88 | 107 | 120 | 106 | 103 | 78 | 63 | 75 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 88 | 107 | 120 | 106 | 103 | 78 | 63 | 75 |
| Working Capital Days | 25 | 99 | 100 | 41 | 18 | 20 | -24 | 43 |
| ROCE % | 22% | 15% | 19% | 17% | 14% | 12% | 13% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Aadhaar Authentications (Annual) Crore |
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| CRA Cumulative Subscribers (NPS + APY) Crore |
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| e-KYC Transactions (Annual) Crore |
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| e-Sign Transactions (Annual) Crore |
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| PAN Cards Issued (Annual) Crore |
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| APY Subscribers (Cumulative) Crore |
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| NPS Subscribers (Cumulative) Crore |
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| Total Assisted Touchpoints / Distribution Points Number |
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| Market Share - CRA Subscribers (NPS/APY) % |
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| Market Share - Cumulative PAN Issuance % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Newspaper Publication of Audited Financials for Q4 & FY26
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - Audio recording of Q4FY26 earnings conference call uploaded on company website.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
21 May - Protean filed FY2025-26 annual secretarial compliance report; no non-compliances observed.
- Announcement under Regulation 30 (LODR)-Investor Presentation 20 May
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