Protean eGov Technologies Limited
Protean eGov Technologies Limited, together with its subsidiaries, provides information technology (IT) enabled e-governance services in India. The company conceptualizes, develops, and executes critical and population scale greenfield technology solutions; and offers citizen services, system integration, business process re-engineering, data center co-location, and IT consulting services for individuals, corporates, and the government. It also operates as a central recordkeeping agency and a tax information network; and processes the applications for allotment of permanent account numbers (PAN). In addition, the company offers open digital ecosystems for mobility, e-commerce, health, agriculture, education, and skilling; and Vidyasaarathi and VidyaLakshmi, which are online platforms for education loans. Further, the company provides online PAN verification services; e-KYC to manage authentication of digital IDs; eSign to facilitate digital signatures; eSignPro, which offers e-stamps and digital stamp solutions; Aadhaar authentication for digital identity; GST services; FIP and FIU technology service provider services; Data Stack, a data analytics solution; Rise with Protean, a multisectoral shop for APIs, micro services, and user journeys; ProteanX, a suite of products used to create, issue, store, and manage verifiable credentials; and Protean CKYC solution. Additionally, it offers cloud services, such as desktop as a service, storage as a service, virtual office, infrastructure as a service, managed service, and edge compute with 5G private network; and information security consulting services, including information security architecture, data privacy practice, and cyber security consulting and advisory services. The company was formerly known as NSDL e-Governance Infrastructure Limited and changed its name to Protean eGov Technologies Limited in October 2021. Protean eGov Technologies Limited was incorporated in 1995 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jul has averaged the highest return (+17.6%); Jan the lowest (-10.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -19.3%Negative MonthJan 2026: -19.27% | -3.2%Negative MonthFeb 2026: -3.20% | -24.3%Negative MonthMar 2026: -24.31% | +18.7%Positive MonthApr 2026: +18.68% | +22.1%Positive MonthMay 2026: +22.14% | -8.5%Negative MonthJun 2026: -8.52% | +5.4%*Positive MonthJul 2026: +5.42% | β | β | β | β | β |
| 2025 | -21.5%Negative MonthJan 2025: -21.54% | -13.1%Negative MonthFeb 2025: -13.08% | +1.7%Neutral MonthMar 2025: +1.68% | -2.4%Negative MonthApr 2025: -2.40% | -26.5%Negative MonthMay 2025: -26.53% | -8.7%Negative MonthJun 2025: -8.71% | -10.6%Negative MonthJul 2025: -10.60% | +10.5%Positive MonthAug 2025: +10.49% | +1.5%Neutral MonthSep 2025: +1.46% | -4.0%Negative MonthOct 2025: -4.03% | -4.1%Negative MonthNov 2025: -4.14% | -6.7%Negative MonthDec 2025: -6.74% |
| 2024 | +8.0%Positive MonthJan 2024: +8.00% | -14.8%Negative MonthFeb 2024: -14.80% | -8.9%Negative MonthMar 2024: -8.91% | +28.4%Positive MonthApr 2024: +28.44% | -12.5%Negative MonthMay 2024: -12.50% | +1.7%Neutral MonthJun 2024: +1.72% | +57.9%Positive MonthJul 2024: +57.90% | +20.6%Positive MonthAug 2024: +20.62% | -13.9%Negative MonthSep 2024: -13.89% | -1.6%Neutral MonthOct 2024: -1.58% | -4.4%Negative MonthNov 2024: -4.37% | +9.0%Positive MonthDec 2024: +9.04% |
| 2023 | β | β | β | β | β | β | β | β | β | β | β | +0.1%Neutral MonthDec 2023: +0.09% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 4 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ840.00 Cr | β | βΉ94.00 Cr | β | β | 9.4% | -4.5% | -6.0% |
| Mar 2024 | βΉ880.00 Cr | β | βΉ100.00 Cr | β | β | 10.8% | 18.8% | -7.4% |
| Mar 2023 | βΉ741.00 Cr | β | βΉ108.00 Cr | β | β | 12.6% | 7.2% | -25.0% |
| Mar 2022 | βΉ691.00 Cr | β | βΉ144.00 Cr | β | β | 18.3% | 14.6% | 56.5% |
| Mar 2021 | βΉ603.00 Cr | β | βΉ92.00 Cr | β | β | 13.8% | -15.8% | -24.0% |
| Mar 2020 | βΉ716.00 Cr | β | βΉ121.00 Cr | β | β | 16.0% | -5.3% | -2.4% |
| Mar 2019 | βΉ756.00 Cr | β | βΉ124.00 Cr | β | β | 18.6% | -15.8% | -8.8% |
| Mar 2018 | βΉ898.00 Cr | β | βΉ136.00 Cr | β | β | 23.9% | β | β |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 898 | 756 | 716 | 603 | 691 | 741 | 880 | 840 | 883 |
| Total Expenses | 717 | 589 | 568 | 518 | 567 | 622 | 788 | 758 | 799 |
| EBIT / Operating Profit | 181 | 167 | 148 | 85 | 124 | 119 | 92 | 82 | 84 |
| OPM % | 20% | 22% | 21% | 14% | 18% | 16% | 10% | 10% | 10% |
| Other Income | 27 | 35 | 38 | 49 | 79 | 41 | 68 | 68 | 77 |
| Finance Costs | 0 | 0 | 2 | 1 | 0 | 1 | 2 | 2 | 4 |
| Depreciation & Amortisation | 11 | 20 | 27 | 17 | 17 | 18 | 27 | 28 | 35 |
| Profit Before Tax | 197 | 182 | 157 | 116 | 186 | 141 | 131 | 120 | 122 |
| Tax % | 31% | 32% | 23% | 20% | 22% | 24% | 23% | 22% | - |
| Net Profit / PAT | 136 | 124 | 121 | 92 | 144 | 108 | 100 | 94 | 95 |
| EPS (βΉ) | 33.88 | 31.12 | 30.30 | 23.03 | 35.72 | 26.60 | 24.81 | 23.23 | 23.34 |
| Dividend Payout % | 23% | 0% | 0% | 0% | 98% | 38% | 40% | 43% | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Protean eGov Technologies Limitedthis co. | βΉ2.89 K Cr | βΉ840.00 Cr | 30.50 | 2.81 | 17.52 | -4.5% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |
