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Bearish
3
Neutral
2
Bullish
9
Bearish
32
Neutral
2
Bullish
12
Bearish
29
Neutral
0
Bullish
3
Discovery themes featuring this stock
Protean eGov Technologies Limited builds and operates Digital Public Infrastructure (DPI) and citizen‑centric e‑governance platforms, specialising in tax services (PAN/TIN), Central Recordkeeping Agency (NPS/APY/UPS), digital identity (e‑KYC, Aadhaar Auth, e‑Sign, OPV) and complementary cloud and infosec products enabling government and large enterprise deployments at population scale.
Protean reported Q3FY26 revenue from operations of INR 229 crore, a 13% YoY increase, EBITDA of INR 46 crore (19.0% margin) and adjusted PAT of INR 26 crore, while maintaining an asset‑light, debt‑free balance sheet with approximately INR 800 crore cash and marketable securities providing strong financial optionality.
The company is materially diversifying: new businesses contributed 11% of 9MFY26 revenue versus 4% in FY25, reflecting monetisation of ODE, data stack and cloud offerings; Protean also completed phase one of the Aadhaar Seva Kendra rollout (34 centres) and secured an international agriculture DPI mandate in Ethiopia, signalling export traction.
Protean enjoys dominant market positions in mission‑critical DPI verticals with reported cumulative market shares of 64% in PAN issuance and 98% in CRA services, supported by 4 lakh+ assisted distribution points and a scale of identity transactions across eKYC, Aadhaar Auth, e‑Sign and online PAN verification that underpin recurring, annuity‑like revenues.
The strategic play combines sovereign cloud, AI‑enabled products, cybersecurity and open digital ecosystems (ONDC/Agri/Health/Insurance) to move up the value chain from foundational rails to higher‑margin application and SaaS layers, while a strong multi‑year orderbook and selective inorganic flexibility provide execution and growth optionality.
IT - Software
IT Enabled Services / Business Process Outsourcing
2,161 Cr
Moderate Risk
24.1
23.7
1.8
2.1
1,484.00
523.70
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
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| Symbol | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
535.00 | 2,161 Cr | 24.10 | 2.12 | 1.88 | 8.94 | 11.30 | 6.88 | |
1028.45 | 2,128 Cr | 62.99 | 5.09 | 0.00 | 6.76 | 9.17 | 7.20 | |
30.16 | 2,100 Cr | 372.35 | 18.91 | 0.00 | 6.36 | 5.60 | 0.42 | |
612.45 | 2,034 Cr | -21.66 | 0.77 | 0.00 | -1.59 | 9.88 | 0.48 | |
9.67 | 1,959 Cr | 2.23 | 0.21 | 0.00 | 8.56 | 12.41 | 8.00 | |
1129.00 | 1,892 Cr | 14.48 | 1.97 | 0.00 | 12.24 | 11.25 | 5.76 | |
1209.00 | 1,790 Cr | 16.75 | 6.81 | 7.50 | 40.99 | 41.69 | 23.34 |
Protean eGov Technologies Ltd (PROTEAN) is currently trading at 536.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Protean eGov Technologies Limited builds and operates Digital Public Infrastructure (DPI) and citizen‑centric e‑governance platforms, specialising in tax services (PAN/TIN), Central Recordkeeping Agency (NPS/APY/UPS), digital identity (e‑KYC, Aadhaar Auth, e‑Sign, OPV) and complementary cloud and infosec products enabling government and large enterprise deployments at population scale. Protean reported Q3FY26 revenue from operations of INR 229 crore, a 13% YoY increase, EBITDA of INR 46 crore (19.0% margin) and adjusted PAT of INR 26 crore, while maintaining an asset‑light, debt‑free balance sheet with approximately INR 800 crore cash and marketable securities providing strong financial optionality. The company is materially diversifying: new businesses contributed 11% of 9MFY26 revenue versus 4% in FY25, reflecting monetisation of ODE, data stack and cloud offerings; Protean also completed phase one of the Aadhaar Seva Kendra rollout (34 centres) and secured an international agriculture DPI mandate in Ethiopia, signalling export traction. Protean enjoys dominant market positions in mission‑critical DPI verticals with reported cumulative market shares of 64% in PAN issuance and 98% in CRA services, supported by 4 lakh+ assisted distribution points and a scale of identity transactions across eKYC, Aadhaar Auth, e‑Sign and online PAN verification that underpin recurring, annuity‑like revenues. The strategic play combines sovereign cloud, AI‑enabled products, cybersecurity and open digital ecosystems (ONDC/Agri/Health/Insurance) to move up the value chain from foundational rails to higher‑margin application and SaaS layers, while a strong multi‑year orderbook and selective inorganic flexibility provide execution and growth optionality.
Over the past 52 weeks, Protean eGov Technologies Ltd has traded between a low of ₹523.70 and a high of ₹1,484.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Protean eGov Technologies Ltd has a market capitalization of approximately 2,161.22. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Protean eGov Technologies Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 24.14 and operates in the IT - Software sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 2,161.22 Cr, Protean eGov Technologies Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Protean eGov Technologies Ltd operates in the IT - Software sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Protean eGov Technologies Ltd is 24.14. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Regulatory Filing
Protean eGov received (9 Mar 2026) an Order‑in‑Appeal from Deputy Commissioner (Appeals), Mumbai under MVAT and MVAT r/w CST for FY2015‑16 seeking MVAT demand of Rs.22.60 crore and CST demand of Rs.3.20 lakh; company will contest and does not expect material financial impact.
Regulatory Filing
Protean eGov received an Order‑in‑Appeal (dated Mar 9, 2026) from the Deputy Commissioner (Appeals) seeking MVAT demand of Rs.22,60,25,562 (incl. interest/penalty) and a CST demand of Rs.3,20,096; company will appeal and does not foresee material financial impact.
Scheme of Arrangement
Hon'ble NCLT sanctioned the Composite Scheme of Arrangement to demerge Protean Infosec Services Ltd (wholly‑owned subsidiary) into Protean eGov Technologies Ltd; certified order received on 10 Mar 2026 (Appointed Date: 01 Apr 2025).
Scheme of Arrangement
Protean eGov received the certified NCLT order (pronounced 27 Feb 2026, received 10 Mar 2026) approving the composite Scheme of Arrangement to demerge Protean Infosec Services Ltd into Protean eGov with appointed date 1 Apr 2025; no shares to be issued as the demerged entity is a wholly‑owned subsidiary.
Change in Directors/KMP
Protean eGov announced postal-ballot results (dated Mar 10, 2026): both special resolutions — re-appointment of Ms. Aruna Rao as Independent Director (assent 87.45%) and appointment of Mr. V Easwaran as Director & Whole‑time Director (assent 87.74%) — were passed.
