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Protean eGov Technologies Ltd. (PROTEAN.NS)

INR591.05 +1.25 (+0.21%)
IN NSE Technology Information Technology Services
Address Times Tower 400013
Mumbai, IN
CEO Gopa Kumar
IPO 2025-02-06
ISIN INE004A01022

Explore sections of this company profile

Also trades on Bombay Stock Exchange · PROTEAN.BO (INR) National Stock Exchange of India · PROTEAN.NS (INR)
Description

Protean eGov Technologies Ltd., a Mumbai, India-based company established in 1995 (formerly NSDL e-Governance Infrastructure Limited until its rebranding in October 2021), is a leading Indian provider of IT-enabled e-governance services. The company excels at conceiving, building, and deploying critical, large-scale, innovative technology solutions from the ground up. It offers a comprehensive suite of services to individuals, businesses, and government entities, encompassing citizen services, system integration, process optimization, data center hosting, and IT advisory. Protean also functions as a central recordkeeping agency and manages a vital tax information network, handling the processing of Permanent Account Number (PAN) applications. Its portfolio extends to developing open digital ecosystems across sectors like mobility, e-commerce, healthcare, agriculture, education, and skill development. Furthermore, it operates dedicated online platforms, Vidyasaarathi and VidyaLakshmi, specifically for facilitating education loans. Its extensive service offerings include online PAN verification, e-KYC for digital identity authentication, eSign for digital signatures, and eSignPro for electronic stamp solutions. Protean supports Aadhaar authentication, provides Goods and Services Tax (GST) services, and acts as a technology service provider for Financial Information Providers (FIP) and Users (FIU). Advanced solutions such as Data Stack for analytics, Rise with Protean (a marketplace for APIs, microservices, and user journeys), ProteanX for managing verifiable credentials, and the Protean CKYC solution are also part of its diverse offerings. Additionally, the company provides a full spectrum of cloud services, including Desktop-as-a-Service, Storage-as-a-Service, virtual office environments, Infrastructure-as-a-Service, managed services, and edge computing leveraging 5G private networks. Protean further extends its expertise through information security consulting, covering architecture, data privacy practices, and general cybersecurity advisory services.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR591.05 +1.25 (+0.21%)
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Volume Profile
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Liquidity & share structure
Average Volume
496.0K
Beta
0.32
Float Shares
29.74M
Free Float %
73.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+19.99% +21.24% +18.51% +7.52% -20.55% -13.38% -38.22% -55.49% -55.49% -55.49% -55.49%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
591.05
DCF (Unlevered) 788.69 +33.4%
DCF (Levered) 1,673.07 +183.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Information Technology Services: +10.1%
    +18.7% Q1'26: +43.6% (vs Q1'25)
  • EPS growth Information Technology Services: +16.7%
    +9.1% Q1'26: +49.2% (vs Q1'25)
  • FCF margin FCF growth · Information Technology Services: +32.8%
    -1.5% Q1'26: -16.5% (vs Q1'25)
  • EBIT margin Information Technology Services: +9.0%
    +6.9% Q1'26: +7.8% (vs Q1'25)
  • ROIC Information Technology Services: +9.5%
    +6.3% Q1'26: +9.5% (vs Q1'25)
  • Share dilution Information Technology Services: +0.0%
    -0.3% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    0.76× Q1'26: 0.58× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.15) × ERP
WACC = 97% × Ke + 3% × Kd (7.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,376.59 Current price: 591.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
9.64B
est.
8.41B
est: 8.43B (-0.3%)
9.35B
9.18B – 9.52B
+10.9% YoY
11.13B
11.03B – 11.24B
+19.1% YoY
12.18B
11.87B – 12.49B
+9.4% YoY
EBITDA
1.70B
est.
1.49B
est: 1.49B (-0.3%)
1.65B
1.62B – 1.68B
+10.9% YoY
1.97B
1.95B – 1.99B
+19.1% YoY
2.15B
2.10B – 2.21B
+9.4% YoY
EBIT
1.38B
est.
1.21B
est: 1.21B (-0.3%)
1.34B
1.32B – 1.37B
+10.9% YoY
1.60B
1.58B – 1.61B
+19.1% YoY
1.75B
1.70B – 1.79B
+9.4% YoY
Net Income
1.35B
est.
924.60M
est: 1.02B (-9.8%)
1.00B
976.82M – 1.02B
-2.4% YoY
1.23B
1.10B – 1.37B
+23.3% YoY
1.40B
1.26B – 1.55B
+13.9% YoY
SGA
642.90M
est.
560.90M
est: 562.53M (-0.3%)
623.68M
612.42M – 634.94M
+10.9% YoY
742.84M
735.63M – 750.05M
+19.1% YoY
812.69M
791.75M – 833.64M
+9.4% YoY
EPS
33.00
est.
22.83
est: 25.10 (-9.0%)
24.50
23.93 – 25.07
-2.4% YoY
30.20
26.93 – 33.47
+23.3% YoY
34.40
30.75 – 38.05
+13.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 A 4/5 5/5 4/5 4/5 3/5 3/5 4/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.02% 151.2K 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
967.2K
Shares Outstanding
40.62M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Suresh Kumar Sethi MD, Chief Executive Officer & Director 50M male
Easwaran Venkateswaran COO, Interim CEO & Executive Director male
Gopa Kumar Chief Executive Officer of Protean International DMCC male
Kapil Kapoor Chief Risk & Compliance Officer male
Maulesh Jagat Kantharia Company Secretary & Compliance Officer male
Dattaram Sadanand Mhadgut Chief Technology Officer male
Pushpa Mani VP & Head Investor Relations female
Rakesh Dosi Chief Business & Product Officer male
Sandeep Mantri Chief Financial & Impact Officer male
Shreejit Nair Senior Vice President & Chief Business Officer Department male
Mitesh Shah Executive VP & Chief Information Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits