PROTEAN

Protean eGov Technologies Limited

Digital public infrastructure for tax identity and pension record-keeping services

Information Technology›Information Technology›IT - Services›IT Enabled Services

proteantech.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹631.20
Market cap
2,569 Cr
Stock P/E
31.1
P/B
2.38
Dividend yield
1.6%
ROE (FY26)
9.3%
ROCE (FY26)
12.7%
Operating margin (FY26)
6.9%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
67.9%
OCF / EBITDA (3Y)
115.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Protean eGov Technologies runs the technology platforms that Indian government mandates depend on, including PAN tax identity services, pension record-keeping for the National Pension System and Aadhaar-based identity services, serving citizens, banks, corporates and government bodies.

Company snapshot

18thBy market cap

Ranked among 56 companies in IT Enabled Services.

What we see

Positives
  • ✓115% of operating profit came in as cash over the last three years — profits are backed by real cash.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales236 Cr204 Cr222 Cr197 Cr220 Cr202 Cr222 Cr211 Cr251 Cr229 Cr308 Cr251 Cr
Operating expenses (approx.)199 Cr207 Cr200 Cr181 Cr188 Cr187 Cr204 Cr194 Cr221 Cr197 Cr270 Cr239 Cr
EBITDA36 Cr-3 Cr22 Cr15 Cr32 Cr16 Cr18 Cr16 Cr29 Cr32 Cr38 Cr12 Cr
OPM %15.5%-1.5%9.9%7.7%14.4%7.8%8.1%7.8%11.7%13.9%12.4%4.9%
Other income13 Cr29 Cr13 Cr19 Cr14 Cr19 Cr17 Cr29 Cr15 Cr14 Cr15 Cr15 Cr
Interest0.41 Cr0.52 Cr0.52 Cr0.50 Cr0.49 Cr0.26 Cr1 Cr2 Cr2 Cr2 Cr2 Cr3 Cr
Depreciation5 Cr6 Cr11 Cr7 Cr7 Cr6 Cr8 Cr11 Cr10 Cr11 Cr14 Cr18 Cr
Profit before tax43 Cr19 Cr24 Cr27 Cr38 Cr29 Cr25 Cr32 Cr32 Cr29 Cr36 Cr8 Cr
Tax %24.3%21.3%17.9%22.2%25.4%19.6%19.2%26.3%25.5%23.5%16.6%23.3%
Net profit33 Cr15 Cr19 Cr21 Cr28 Cr23 Cr20 Cr24 Cr24 Cr23 Cr30 Cr6 Cr
EPS (₹)₹8.11₹3.76₹4.77₹5.21₹6.93₹5.66₹5.04₹5.88₹5.88₹5.55₹7.49₹1.44

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales603 Cr691 Cr742 Cr882 Cr841 Cr998 CrSign in free for the trailing twelve months
Operating expenses (approx.)518 Cr567 Cr624 Cr793 Cr760 Cr882 CrSign in free for the trailing twelve months
EBITDA85 Cr124 Cr118 Cr89 Cr80 Cr116 CrSign in free for the trailing twelve months
OPM %14.1%17.9%15.9%10.1%9.6%11.6%Sign in free for the trailing twelve months
Other income49 Cr79 Cr42 Cr68 Cr68 Cr73 CrSign in free for the trailing twelve months
Interest0.94 Cr0.48 Cr0.93 Cr2 Cr2 Cr7 CrSign in free for the trailing twelve months
Depreciation17 Cr17 Cr18 Cr27 Cr28 Cr47 CrSign in free for the trailing twelve months
Profit before tax116 Cr186 Cr140 Cr128 Cr118 Cr130 CrSign in free for the trailing twelve months
Tax %20.5%22.5%23.8%23.9%21.9%22.8%Sign in free for the trailing twelve months
Net profit92 Cr144 Cr107 Cr97 Cr92 Cr101 CrSign in free for the trailing twelve months
EPS (₹)₹23.02₹35.78₹26.50₹24.06₹22.83₹24.79Sign in free for the trailing twelve months
Dividend payout %———41.6%43.8%40.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital40 Cr40 Cr40 Cr40 Cr41 Cr41 Cr
Reserves628 Cr748 Cr817 Cr886 Cr958 Cr1,037 Cr
Borrowings——————
Other liabilities195 Cr200 Cr247 Cr259 Cr308 Cr396 Cr
Total liabilities862 Cr988 Cr1,104 Cr1,185 Cr1,307 Cr1,474 Cr
Fixed assets (net)49 Cr51 Cr52 Cr45 Cr47 Cr63 Cr
CWIP1 Cr1 Cr—0 Cr0.12 Cr2 Cr
Investments285 Cr364 Cr529 Cr550 Cr661 Cr638 Cr
Trade receivables208 Cr200 Cr209 Cr189 Cr144 Cr205 Cr
Cash & bank73 Cr207 Cr17 Cr46 Cr38 Cr48 Cr
Other assets246 Cr166 Cr298 Cr355 Cr416 Cr518 Cr
Total assets862 Cr988 Cr1,104 Cr1,185 Cr1,307 Cr1,474 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity100 Cr94 Cr137 Cr58 Cr193 Cr78 Cr
Cash from investing116 Cr73 Cr-282 Cr19 Cr-159 Cr-14 Cr
Cash from financing-183 Cr-34 Cr-44 Cr-47 Cr-42 Cr-54 Cr
Net cash flow32 Cr133 Cr-190 Cr29 Cr-8 Cr10 Cr
Free cash flow (OCF − Capex)91 Cr—113 Cr26 Cr145 Cr12 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.5%23.6%16.5%14.0%12.1%12.7%
ROE %13.8%18.3%12.5%10.5%9.3%9.3%
Debtor days125106102786275
Inventory days———000
Days payable605065504550
Cash conversion cycle665538291825
OCF / EBITDA %118.0%76.1%116.2%64.3%239.7%67.9%
OCF / EBITDA % (3 years)——101.5%87.2%134.6%115.2%
Debt / equity———0.000.000.00
Current ratio2.273.081.791.952.082.00
Net debt / EBITDA-0.87-1.67-0.15-0.51-0.47-0.42