New Risk • 1h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.3% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (172% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • 4h
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹654, the stock trades at a trailing P/E ratio of 29.3x. Average forward P/E is 16x in the IT industry in India. Total loss to shareholders of 34% over the past year. Duyuru • May 14
Protean eGov Technologies Limited to Report Q4, 2026 Results on May 20, 2026 Protean eGov Technologies Limited announced that they will report Q4, 2026 results on May 20, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹5.55 (vs ₹5.66 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.55 (down from ₹5.66 in 3Q 2025). Revenue: ₹2.43b (up 20% from 3Q 2025). Net income: ₹225.0m (down 1.9% from 3Q 2025). Profit margin: 9.2% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Duyuru • Feb 03
Protean eGov Technologies Limited to Report Q3, 2026 Results on Feb 11, 2026 Protean eGov Technologies Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Duyuru • Dec 17
Protean eGov Technologies Limited (BSE:544021) agreed to acquire 4.95% stake in NSDL Payments Bank Limited from National Securities Depository Limited (BSE:544467) for approximately INR 300 million. Protean eGov Technologies Limited (BSE:544021) agreed to acquire 4.95% stake in NSDL Payments Bank Limited from National Securities Depository Limited (BSE:544467) for approximately INR 300 million on December 16, 2025. A cash consideration of INR 302 million will be paid by Protean eGov Technologies Limited. As part of consideration, INR 302 million is paid towards common equity of NSDL Payments Bank Limited.
For the period ending March 31, 2025, NSDL Payments Bank Limited reported total revenue of INR 7.22 billion.
The deal has been approved by Protean eGov Technologies Limited board.
The transaction is expected to be completed within 60 days from the execution of agreement. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹5.88 (vs ₹6.93 in 2Q 2025) Second quarter 2026 results: EPS: ₹5.88 (down from ₹6.93 in 2Q 2025). Revenue: ₹2.65b (up 21% from 2Q 2025). Net income: ₹238.6m (down 15% from 2Q 2025). Profit margin: 9.0% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in India. Duyuru • Oct 30
Protean eGov Technologies Ltd. Appoints Dr. Harpreet Singh Anand as Chief Human Resources Officer Protean eGov Technologies Ltd. has announced the appointment of Dr. Harpreet Singh Anand as its Chief Human Resources Officer (CHRO). This strategic addition to the leadership team underscores Protean's commitment to building future-ready organizations as it accelerates its global expansion plans and strengthens its role as a trusted partner in digital governance. In his role as CHRO, Dr. Anand will lead Protean's human resources and administration functions, with a focus on building an agile, digital-first workforce to power the company's next phase of growth. The appointment comes as Protean continues to expand its role in shaping India's digital governance landscape - including its international foray into emerging markets and global DPI collaborations. With over two decades of experience across HR, organizational design, and business transformation, Dr. Anand has led large-scale digital and cultural shifts across sectors. At India Post Payments Bank, he transitioned 300,000 postal employees into tech-enabled professionals through AI-driven HR automation. At Kotak Life Insurance, he delivered onboarding of 6,000 employees in a single year, setting benchmarks for scale and efficiency. His leadership extends beyond HR, encompassing business strategy, operational turnaround, and governance advisory - critical capabilities for Protean's global expansion roadmap. An honorary PhD in HR Management from Cambridge Digital University and a certified coach from the International Coaching Federation (ICF), Dr. Anand has been recognized among Asia's Top HR Leaders and was conferred the Bharat Gaurav Ratna Shri Samman (2023). His leadership philosophy blends innovation with empathy-building scalable, high-performance cultures anchored in trust and transformation. This appointment reinforces Protean's commitment to talent transformation and global leadership as it scales citizen-first digital infrastructure platforms across identity, tax, pensions, financial inclusion, and cross-border DPI collaborations. Duyuru • Oct 28
Protean eGov Technologies Limited to Report Q2, 2026 Results on Nov 06, 2025 Protean eGov Technologies Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Duyuru • Oct 20
Protean eGov Technologies Limited Announces Resignation of Gaurav Ramdev - Executive Vice President (Chief Growth & Marketing Officer), Effective October 20, 2025 Protean eGov Technologies Limited informed that Mr. Gaurav Ramdev - Executive Vice President (Chief Growth & Marketing Officer) of the Company has tendered his resignation on October 17, 2025 due to personal reasons and his last working day shall be October 20, 2025. Duyuru • Sep 19
Protean eGov Technologies Limited Declares Final Dividend for Financial Year Ended March 31, 2025 Protean eGov Technologies Limited declared a dividend of INR 10/- per equity share on face value of INR 10/- each (@ 100%), of the Company for the financial year ended 31st March, 2025. Duyuru • Aug 25
Protean eGov Technologies Limited, Annual General Meeting, Sep 18, 2025 Protean eGov Technologies Limited, Annual General Meeting, Sep 18, 2025, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹876, the stock trades at a trailing P/E ratio of 37.3x. Average forward P/E is 25x in the IT industry in India. Simply Wall St's valuation model estimates the intrinsic value at ₹458 per share. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹5.88 (vs ₹5.21 in 1Q 2025) First quarter 2026 results: EPS: ₹5.88 (up from ₹5.21 in 1Q 2025). Revenue: ₹2.39b (up 22% from 1Q 2025). Net income: ₹238.5m (up 13% from 1Q 2025). Profit margin: 10.0% (in line with 1Q 2025). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the IT industry in India. Duyuru • Jul 29
Protean eGov Technologies Limited to Report Q1, 2026 Results on Aug 06, 2025 Protean eGov Technologies Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Buy Or Sell Opportunity • Jul 23
Now 21% overvalued Over the last 90 days, the stock has fallen 41% to ₹831. The fair value is estimated to be ₹686, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 20%. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹22.83 (vs ₹24.06 in FY 2024) Full year 2025 results: EPS: ₹22.83 (down from ₹24.06 in FY 2024). Revenue: ₹9.09b (up 3.0% from FY 2024). Net income: ₹924.6m (down 5.0% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the IT industry in India. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹1,048, the stock trades at a trailing P/E ratio of 47.7x. Average forward P/E is 25x in the IT industry in India. Duyuru • May 13
Protean eGov Technologies Limited to Report Q4, 2025 Results on May 21, 2025 Protean eGov Technologies Limited announced that they will report Q4, 2025 results on May 21, 2025 Duyuru • May 10
Protean eGov Technologies Limited Approves Change in Designation of V Easwaran, Executive Vice President, Group Head - Business Operations as Chief Operating Officer, Effective May 10, 2025 The Board of Directors of Protean eGov Technologies Limited vide circular resolution passed on May 10, 2025 approved the Change in Designation of Mr. V Easwaran, Executive Vice President, Group Head - Business Operations (GHBO) as Chief Operating Officer (COO) of the Company with effect from May 10, 2025. Reason for change: Considering rich experience and a proven track record of driving business growth, innovation, and operational excellence, the designation of Mr. V Easwaran has been changed to Chief Operating Officer (COO). Mr. V Easwaran has over 30 years of experience in Banking Industry focusing on all banking products in Wholesale, Retail and Treasury Business. He was a key member of start-up team of 2 Top Private Sector Banks in the country and 1 Public Sector Payments Bank promoted by Department of Posts. He has strong knowledge of Banking & Financial Services products, systems and procedures including Mutual Funds, Equity Markets (primary and secondary) and Insurance Sectors. He has studied Bachelor of Science (Physics), Diploma (Computer Science) and Master of Arts (Public Administration). For the last 6 years he was associated with India Post Payments Bank as Chief Operations Officer, where he was inter alia responsible for managing banking outlet channels, operations of access points, digital products, technology operations, financial and insurance operations. He has previously worked with Kotak Mahindra Bank, HDFC Bank, and Standard Chartered Bank.