Protean eGov
NSE: PROTEAN · IT Enabled Services
Snapshot
Unlock Protean eGov's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Protean eGov Technologies is a prominent Indian IT-enabled services company specialising in large-scale e-governance solutions and digital infrastructure. It provides critical services including PAN card processing, tax information networks, and open digital ecosystems across sectors like health, education, and finance.
Business Model
The company generates revenue through service fees for e-governance infrastructure, system integration, and digital authentication services. It operates as a central recordkeeping agency and provides technology platforms for government and corporate clients on a transaction or subscription basis.
Management Commentary
Management focuses on scaling digital public infrastructure and expanding its suite of API-based services to facilitate seamless digital identity and financial transactions. The company aims to leverage its expertise in population-scale technology to drive digital transformation across multiple sectors.
Growth Outlook
Growth is driven by the increasing digitisation of government services and the adoption of open digital ecosystems in mobility, e-commerce, and education. The expansion into cloud services and advanced data analytics provides further opportunities for revenue diversification.
Key Risks
- Regulatory Dependency. The company's business model is heavily reliant on government mandates and policies regarding e-governance and digital identity frameworks.
- Data Security and Privacy. As a handler of sensitive citizen and financial data, the company faces significant risks related to cyber-attacks and potential data breaches.
- Technological Obsolescence. Rapid advancements in IT infrastructure require continuous investment to maintain competitive relevance and service quality.
- Client Concentration. A significant portion of revenue is derived from government-linked projects, making the company vulnerable to changes in public sector spending priorities.
Price
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Key Metrics
REVENUE
₹998 Cr
TTM · consolidated
NET PROFIT
₹101 Cr
TTM · consolidated
EPS
₹24.80
TTM · consolidated
RETURN ON EQUITY
9.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
12.4%
TTM · consolidated
P/E
23.7x
Q4 FY26 · consolidated
EV/EBITDA
12.4x
Q4 FY26 · consolidated
EBITDA MARGIN
18.9%
TTM · consolidated
NET PROFIT MARGIN
9.9%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · IT Enabled Services
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Protean eGovPROTEAN | 2,024 | 23.75 | 12.45 | 18.7% | 18.9% | 9.9% | 12.4% | -27.6% |
Zaggle Prepaid Ocean Services LimitedZAGGLE | 2,789 | 20.36 | 12.43 | 46.3% | 11.7% | 10.8% | 14.3% | -49.9% |
Network People Services Technologies Ltd.NPST | 2,314 | 78.55 | 48.17 | — | 33.4% | 21.7% | 28.8% | -15.3% |
Sasken Technol.SASKEN | 1,780 | 47.20 | 19.69 | 151.7% | 10.8% | 8.5% | 10.8% | +33.7% |
Brightcom GroupBCG | 1,652 | 1.68 | 0.26 | — | 25.4% | 11.1% | 16.4% | -47.9% |
BLS E-ServicesBLSE | 1,441 | 42.46 | 23.62 | 115.2% | 8.9% | 14.1% | 17.4% | +43.5% |
As of Q4 FY26
Financials
Protean eGov
NSE: PROTEAN · IT Enabled Services
Snapshot
Unlock Protean eGov's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Protean eGov Technologies is a prominent Indian IT-enabled services company specialising in large-scale e-governance solutions and digital infrastructure. It provides critical services including PAN card processing, tax information networks, and open digital ecosystems across sectors like health, education, and finance.
Business Model
The company generates revenue through service fees for e-governance infrastructure, system integration, and digital authentication services. It operates as a central recordkeeping agency and provides technology platforms for government and corporate clients on a transaction or subscription basis.
Management Commentary
Management focuses on scaling digital public infrastructure and expanding its suite of API-based services to facilitate seamless digital identity and financial transactions. The company aims to leverage its expertise in population-scale technology to drive digital transformation across multiple sectors.
Growth Outlook
Growth is driven by the increasing digitisation of government services and the adoption of open digital ecosystems in mobility, e-commerce, and education. The expansion into cloud services and advanced data analytics provides further opportunities for revenue diversification.
Key Risks
- Regulatory Dependency. The company's business model is heavily reliant on government mandates and policies regarding e-governance and digital identity frameworks.
- Data Security and Privacy. As a handler of sensitive citizen and financial data, the company faces significant risks related to cyber-attacks and potential data breaches.
- Technological Obsolescence. Rapid advancements in IT infrastructure require continuous investment to maintain competitive relevance and service quality.
- Client Concentration. A significant portion of revenue is derived from government-linked projects, making the company vulnerable to changes in public sector spending priorities.
Price
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Unlock AI insights, financials, peers and live data on Protean eGov and 5,000+ companies — free.
Key Metrics
REVENUE
₹998 Cr
TTM · consolidated
NET PROFIT
₹101 Cr
TTM · consolidated
EPS
₹24.80
TTM · consolidated
RETURN ON EQUITY
9.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
12.4%
TTM · consolidated
P/E
23.7x
Q4 FY26 · consolidated
EV/EBITDA
12.4x
Q4 FY26 · consolidated
EBITDA MARGIN
18.9%
TTM · consolidated
NET PROFIT MARGIN
9.9%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · IT Enabled Services
As of Q4 FY26