Protean eGov Technologies Ltd. (PROTEAN.NS)
Mumbai, IN
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +19.99% | +21.24% | +18.51% | +7.52% | -20.55% | -13.38% | -38.22% | -55.49% | -55.49% | -55.49% | -55.49% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
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)
* 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.
| 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
|
| 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 not available.
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | 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
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| 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 |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for PROTEAN.NS
Short-term intention
Target Price Distribution
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.

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