Protean eGov Technologies Ltd
PROTEANProtean eGov Technologies Ltd
PROTEANPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
97.81 | 8.84 | 0.49% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
36.04 | 9.50 | 1.63% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Protean eGov Technologies Ltd develops e-governance solutions and digital public infrastructure, collaborating with government sectors for various projects.
Peers
Compare with peersTata Consultancy Services Ltd
Infosys Ltd
HCL Technologies Ltd
Wipro Ltd
LTIMindtree Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 788.50 | 754.62 | 652.17 | 770.18 | 783.86 | 949.61 | 917.15 | |||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 776.59 | |||||||
Power & Fuel Cost | 4.37 | 3.72 | 3.28 | 2.66 | 3.46 | 3.73 | ||||||||
Employee Cost | 65.18 | 68.63 | 75.27 | 78.68 | 122.95 | 175.05 | ||||||||
Selling & Administrative Expenses | 36.66 | 34.83 | 10.31 | 43.22 | 53.35 | 74.13 | ||||||||
Operating & Other expenses | 472.01 | 461.22 | 429.44 | 442.52 | 444.47 | 539.69 | ||||||||
EBITDA | 210.28 | 186.22 | 133.87 | 203.10 | 159.63 | 157.01 | 140.56 | |||||||
Depreciation/Amortization | 27.60 | 27.46 | 17.28 | 17.00 | 18.28 | 27.48 | 31.00 | |||||||
PBIT | 182.68 | 158.76 | 116.59 | 186.10 | 141.35 | 129.53 | 109.56 | |||||||
Interest & Other Items | 2.19 | 1.62 | 0.94 | 0.48 | 0.93 | 1.67 | 2.03 | |||||||
PBT | 180.49 | 157.14 | 115.65 | 185.62 | 140.42 | 127.86 | 107.53 | |||||||
Taxes & Other Items | 56.90 | 35.89 | 23.35 | 41.69 | 33.38 | 30.57 | 23.88 | |||||||
Net Income | 123.59 | 121.25 | 92.30 | 143.93 | 107.04 | 97.29 | 83.65 | |||||||
EPS | 30.89 | 30.31 | 23.03 | 35.75 | 26.49 | 24.06 | 20.68 | |||||||
DPS | 0.00 | 0.00 | 0.00 | 45.00 | 10.00 | 10.00 | 10.00 | |||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 1.26 | 0.38 | 0.42 | 0.48 |
Company Updates
Annual report
PDFPeers & Comparison
Information TechnologyIT Services & Consulting
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Protean eGov Technologies Ltd | 84.10 | 8.84 | 0.49% |
Tata Consultancy Services Ltd | 32.77 | 16.48 | 1.76% |
Infosys Ltd | 30.38 | 9.01 | 2.39% |
HCL Technologies Ltd | 32.80 | 7.54 | 2.74% |
Price Comparison
Compare PROTEAN with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 2.36%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.90%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.51%
Top 5 Mutual Funds holding Protean eGov Technologies Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.1550% | Percentage of the fund’s portfolio invested in the stock 0.42% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 62/234 (+105) |
Mahindra Manulife Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6249% | Percentage of the fund’s portfolio invested in the stock 1.05% | Change in the portfolio weight of the stock over the last 3 months 0.97% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 59/85 (+19) |
Baroda BNP Paribas Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6085% | Percentage of the fund’s portfolio invested in the stock 1.78% | Change in the portfolio weight of the stock over the last 3 months 0.20% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 42/77 (+2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 6, 2024
Dividend/Share
₹10.00
Ex DateEx Date
Sep 6, 2024
The project involves system integration for the design, development, implementation, and operations & maintenance of the Central KYC Records Registry (CKYCRR 2.0). The project will be executed within 69 months from the date of contract execution. Protean eGov Technologies (formerly known as NSDL e-Governance Infrastructure) is an information technology enabled solutions company conceptualizing, developing, and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. The company's consolidated net profit declined 14.46% to Rs 28.04 crore on 6.75% fell in revenue from operations to Rs 219.70 crore in Q2 FY25 over Q2 FY24. Shares of Protean eGov Technologies shed 0.90% to close at Rs 1,759.15 on the BSE.Powered by Capital Market - Live
Protean eGov Technologies has received and acknowledged Work Order on 02 December 2024 from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) (a Government of India Undertaking) for providing services as 'System Integrator for Design, Development, Implementation and Operations & Maintenance of Central KYC Records Registry (CKYCRR 2.0)' for the amount of Rs 161 crore (approx.)Powered by Capital Market - Live
Astron Paper & Board Mill Ltd, Universal Autofoundry Ltd, Maximus International Ltd and Honasa Consumer Ltd are among the other losers in the BSE's 'B' group today, 22 November 2024.Protean eGov Technologies Ltd crashed 7.20% to Rs 1716.55 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 14.92 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month.Astron Paper & Board Mill Ltd tumbled 5.32% to Rs 19.05. The stock was the second biggest loser in 'B' group.On the BSE, 22426 shares were traded on the counter so far as against the average daily volumes of 67960 shares in the past one month.Universal Autofoundry Ltd lost 5.18% to Rs 154.55. The stock was the third biggest loser in 'B' group.On the BSE, 9973 shares were traded on the counter so far as against the average daily volumes of 15911 shares in the past one month.Maximus International Ltd slipped 4.98% to Rs 17.73. The stock was the fourth biggest loser in 'B' group.On the BSE, 91774 shares were traded on the counter so far as against the average daily volumes of 8.31 lakh shares in the past one month.Honasa Consumer Ltd plummeted 4.97% to Rs 225.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 61762 shares in the past one month.Powered by Capital Market - Live
Through the OFS, NSE Investments proposes to sell up to 41,17,303 equity shares (representing 10.16% stake), with an option to sell an additional 10.16% stake or 41,17,302 equity shares in case of oversubscription. The floor price for the sale has been set at Rs 1,550, a 16.20% discount to the stock's closing price of Rs 1849.75 on Tuesday, 15 October 2024. The total OFS size (base size + green shoe) stands at 82,34,605 shares, representing 20.3% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 1,276.36 crore. NSE Investments held 20.31% stake in Protean eGov Technologies as of September 2024. The OFS opened on Friday (22 November 2024) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Monday (23 November 2024). As on 13:45 IST, the OFS received subscription for 33,49,300 shares. It was subscribed 90.386% on the base non-retail offer size of 37,05,572 shares and 45.193% on the total non-retail offer size (base size + green shoe) of 74,11,143 shares. Protean eGov Technologies (formerly known as NSDL e-Governance Infrastructure) is an information technology enabled solutions company conceptualizing, developing, and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. The company's consolidated net profit declined 14.46% to Rs 28.04 crore on 6.75% fell in revenue from operations to Rs 219.70 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Profit before tax (PBT) fell 13.19 % YOY to Rs 37.57 crore during the quarter. Adjusted operating profit for the quarter grew by 21% YoY to Rs 32 crore with operating margin of 14.4% as againts 13.3% in Q1FY25. Total expenses declined 4.58% YoY to Rs 195.70 crore during the quarter. Processing charges expenses was at Rs 91.66 crore (down 21.19% YoY). Revenue from tax services declined 16% YoY to Rs 119 crore. The company witnessed significant gain in market share from 51.6% in Q2FY24 to 55.4% in Q2FY25 showcasing the company's strength in PAN business. Total no of PAN cards issued by Protean in Q2FY25 stood at 1.2 crore. Online PAN issuance surpassed offline issuance for the first time, accounting for 51% of total issuances. Revenue from pension services business jumped 13% to Rs 70 crore during the quarter. More than 826 corporates have been on-boarded during the Quarter. Revenue from Identity Services fell 16% YoY to Rs 24 crore in Q2 FY25. The company is strategically investing in building value-added services like eSignPro and RISE with Protean through its Data Stack vertical, layered on top of its core Identity services, in driving more B2B engagements and business opportunities. Revenue from new business surged 98% to Rs 7 crore during the quarter. The company said that new businesses continue to show early momentum and it focuses on contributing towards multiple Open Digital Ecosystems (ODEs), is gaining traction, especially in the areas of ecommerce (ONDC) and Agriculture. During the quarter, Protean launched two new products, Open Finance and Protean LIFE. Suresh Sethi, managing director and chief executive officer, said, 'With another good quarter, Protean continues to drive robust growth in alignment with Digital India vision, evidenced by steady performance across key business segments. The digital landscape in India has witnessed notable developments in the recent months, especially in the financial and identity sectors, where DPIs are creating new avenues for citizens and enterprises alike. We continue to expand our multi-sectoral reach, innovating in ODEs across e-commerce, mobility & transport, open finance, agriculture, health, education and sustainability. The recent launch of our open finance stack within ONDC is one such initiative, enabling seamless last-mile access to financial services. Another key initiative, Protean LIFE, aims to bridge the gap between seekers and providers by streamlining the discovery, engagement, and management of sustainability initiatives from inception to completion. Protean eGov Technologies (formerly known as NSDL e-Governance Infrastructure) is an information technology enabled solutions company conceptualizing, developing, and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.Powered by Capital Market - Live
The equity benchmarks traded with moderate losses in mid-morning trade. The Nifty traded near the 24,250 mark. Consumer durables shares extended losses for the second consecutive trading session. Trading could be volatile due to monthly F&O series expiry today. At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 372.90 points or 0.46% to 79,573.48. The Nifty 50 index fell 90.05 points or 0.37% to 24,250.80. In the broader market, the S&P BSE Mid-Cap index fell 0.35% and the S&P BSE Small-Cap index rose 0.76%. The market breadth was strong. On the BSE, 2,415 shares rose and 1,249 shares fell. A total of 136 shares were unchanged. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Buzzing Index: The Nifty Consumer Durables index fell 0.92% to 39,229.60. The index slipped 2.09% in two trading sessions. Voltas (down 3.33%), Havells India (down 1.36%), Amber Enterprises India (down 1.23%), Titan Company (down 1.18%), Dixon Technologies (India) (down 0.93%), Kajaria Ceramics (down 0.8%), Whirlpool of India (down 0.43%), Kalyan Jewellers India (down 0.07%), Bata India (down 0.04%) edged lower. On the other hand, Blue Star (up 2.16%) ,Rajesh Exports (up 2.09%) and Cera Sanitaryware (up 0.78%) added. Stocks in Spotlight: Protean eGov Technologies declined 3.72% after the company's consolidated net profit declined 38% to Rs 28 crore on 11.8% increase in revenue from operations to Rs 220 crore in Q2 FY25 over Q2 FY24. Automotive Axles slipped 4.09% after the company's consolidated net profit declined 20% to Rs 36 crore on 15.24% fall in consolidated revenue 15.24% to Rs 495 crore in Q2 FY25 over Q2 FY24. Global Markets: The US Dow Jones index futures are currently down by 63 points, signaling a negative opening for US stocks today. Most Asian stocks traded lower on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high. Powered by Capital Market - Live
Net profit of Protean eGov Technologies declined 14.46% to Rs 28.04 crore in the quarter ended September 2024 as against Rs 32.78 crore during the previous quarter ended September 2023. Sales declined 6.78% to Rs 219.70 crore in the quarter ended September 2024 as against Rs 235.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales219.70235.69 -7 OPM %14.4015.48 - PBDT44.7148.76 -8 PBT37.5743.28 -13 NP28.0432.78 -14 Powered by Capital Market - Live
Protean eGov Techs. will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live
Protean eGov Technologies has allotted 75,841 equity shares under ESOP on 26 September 2024. With this allotment, the paid up equity share capital has increased to Rs. 40,54,03,470/- comprising of 4,05,40,347 equity shares of face value of Rs. 10/- each. Powered by Capital Market - Live
Protean eGov Techs. announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 3.79%, vs industry avg of 11.41%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.17% to 0.12%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -4.67%, vs industry avg of 9.23%