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 ₹ 2,609 Cr.
- Current Price ₹ 640
- High / Low ₹ 900 / 444
- Stock P/E 30.3
- Book Value ₹ 265
- Dividend Yield 1.56 %
- 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 10.2% over last 3 years.
- Earnings include an other income of Rs.55.0 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 755 | 716 | 603 | 691 | 741 | 882 | 841 | 998 | 1,038 | |
| 578 | 568 | 518 | 567 | 623 | 792 | 760 | 882 | 926 | |
| Operating Profit | 177 | 148 | 85 | 124 | 118 | 89 | 80 | 116 | 112 |
| OPM % | 23% | 21% | 14% | 18% | 16% | 10% | 10% | 12% | 11% |
| 33 | 38 | 49 | 79 | 42 | 68 | 68 | 68 | 55 | |
| Interest | 2 | 2 | 1 | 0 | 1 | 2 | 2 | 7 | 8 |
| Depreciation | 28 | 27 | 17 | 17 | 18 | 27 | 28 | 47 | 53 |
| Profit before tax | 180 | 157 | 116 | 186 | 140 | 128 | 118 | 130 | 106 |
| Tax % | 32% | 23% | 20% | 22% | 24% | 24% | 22% | 23% | |
| 124 | 121 | 92 | 144 | 107 | 97 | 92 | 101 | 83 | |
| EPS in Rs | 30.90 | 30.31 | 22.99 | 35.75 | 26.47 | 24.05 | 22.80 | 24.77 | 20.34 |
| Dividend Payout % | 0% | 0% | 0% | 126% | 38% | 42% | 44% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -1% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| 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 | 167 | |
| CWIP | 5 | 5 | 1 | 4 | 11 | 13 | 11 | 19 |
| 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 / 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 | -8 |
| ROCE % | 22% | 15% | 19% | 17% | 14% | 12% | 13% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Aadhaar Authentication Transactions Crore ・Standalone data |
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| CRA Subscribers (Cumulative NPS + APY + UPS) Crore ・Standalone data |
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| e-KYC Transactions Crore ・Standalone data |
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| Online PAN Verifications (OPV) Crore ・Standalone data |
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| PAN Cards Issued (Annual) Crore ・Standalone data |
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| Assisted Distribution Touchpoints Count (Lakhs) ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Retirement
- Executive Vice President, Group Head-Internal Audit Tejas Desai retires effective October 1, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
- Mr. Tejas Desai, EVP and Group Head-Internal Audit, retires effective October 1, 2026.
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Announcement under Regulation 30 (LODR)-Cessation
- Mr. Tejas Desai, EVP and Group Head-Internal Audit, retires effective October 1, 2026.
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Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY27 results.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Dec 2025Transcript
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Nov 2025Transcript PPT REC
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Aug 2025Transcript
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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May 2025Transcript REC
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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 2024PPT
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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]