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Protean eGov Technologies Limi

Protean eGov Technologies Limi

PROTEAN.BO
Protean eGov Technologies LimiIN flagBombay Stock Exchange
590.15
INR
-17.40
- -
23.97BMarket Cap
Protean eGov Technologies Limi
PROTEAN.BO
(Bombay Stock Exchange)

Recent

price

590.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
FRC
148.84
170.49
180.69
216.61
207.58
245.89
211.1
Revenue per Share
22.79
35.59
26.46
24.06
22.83
24.79
23.51
Basic EPS, GAAP
22.45
18.61
27.97
8.42
41.16
2.88
- -
Free Cash Flow per Basic Share
44.63
8.97
9.98
10
9.99
9.99
- -
Dividend per Share
57.89
85.47
101.75
115.32
127.67
10.01
- -
Book Value per Share
164.67
193.59
208.15
220.59
234.65
255.34
- -
Tangible Book Value per Share
40
40
40
40
40
41
41
Basic Weighted Avg Shares
6,020
6,896
7,308
8,759
8,407
9,978
8,550
Sales/Revenue/Turnover
11.3
15.49
13.66
7.34
6.26
7.47
5.8
Operating Margin (%)
168
170
183
275
278
468
321
Depreciation Expense
922
1,439
1,070
973
925
1,006
952
Net Income, GAAP
20.53
22.46
23.77
23.91
21.93
22.77
23.02
Effective Tax Rate (%)
15.31
20.87
14.65
11.11
11
10.08
11.14
Profit Margin (%)
2,995
3,659
1,798
2,130
2,451
3,043
- -
Working Capital
19
79
40
122
602
697
- -
LT Debt
6,675
7,880
8,569
9,260
9,988
10,774
- -
Total Equity
- -
11.89
9.78
5.74
4.21
5.17
- -
Return on Invested Capital (%)
- -
48.32
27.75
21.75
17.58
29.63
292.56
Return on Capital (%)
- -
49.65
28.27
22.17
18.8
36.08
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
83
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
602
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
41
- -
Market Capitalization
78,360
54,330
35,578

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
4,710
- -
Cash, Cash Equivalents & STI
- -
2,014
- -
Accounts Receivable, Net
- -
1,441
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
2,259
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
83
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.12%
7.87%
Free Cash Flow
- -
51.99%
-92.99%
Net Income, GAAP
- -
5.04%
8.79%
Sales/Revenue/Turnover
- -
11.01%
18.68%
Total Cash Common Dividend
- -
-13.65%
0.15%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,204
2,357
2,039
2,160
8,759
2025
1,965
2,197
2,023
2,222
8,407
2026
2,108
2,289
3,075
- -
9,978

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.96
8.1
3.76
- -
24.06
2025
5.21
6.93
5.66
5.04
22.83
2026
5.88
5.55
7.49
- -
24.79

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10
2025
- -
- -
- -
- -
9.99
2026
- -
- -
- -
- -
9.99
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Business
Protean eGov Technologies Limited (PROTEAN.BO), headquartered in Mumbai, India, and founded in 1995, provides information technology-enabled e-governance services focused on developing digital public infrastructure (DPI) for government bodies, businesses, and citizens across India; core offerings include tax services such as PAN issuance (with 58% market share and over 54.7 crore cumulative cards issued), online PAN verification, and Tax Information Network; Central Recordkeeping Agency (CRA) services for National Pension System (NPS), Atal Pension Yojana (APY), and Unified Pension Scheme (UPS) managing 8.8 crore subscribers with 98% market share; digital identity solutions encompassing e-KYC, Aadhaar authentication, eSign, eSignPro for digital stamps and signatures, and Protean CKYC; data stack and analytics platforms; open digital ecosystems via RISE with Protean APIs and ONDC infrastructure for sectors including e-commerce, agriculture (farmer IDs, crop registries), health (ABDM APIs), education, insurance, and mobility; and cloud & infosec services like sovereign AI cloud-in-a-box, quantum-safe data vaults, managed SOC, and secure API gateways. The company operates from offices in Mumbai, Delhi, Chennai, Kolkata, Pune, and Ahmedabad, with over 400,000 distribution touchpoints for last-mile reach and international expansion plans targeting Southeast Asia, Middle East, and Africa through open-source DPI exports. Recent developments include a landmark INR 1,370 crore UIDAI mandate in Q2FY26 to establish and operate 188 district-level Aadhaar Seva Kendras (ASKs) over six years, reinforcing its role as the sole manager of both PAN and Aadhaar services; new business revenue contribution rising to 12% in H1FY26 (versus 4% in FY25) driven by ONDC onboarding (over 5 lakh sellers), Protean Life sustainability platform, and partnerships like Yappes for digital infrastructure; PAN 2.0 project approval with INR 1,435 crore allocation for unified digital services; launches of e-NPS Express Onboarding, NPS Vatsalya for minors, and sovereign-grade cloud solutions at Global Fintech Fest 2025; and Q2FY26 financials showing revenue of INR 251 crore (14% YoY growth), EBITDA of INR 44 crore, PAT of INR 24 crore, with over INR 800 crore in cash reserves and zero debt.