AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Sep - Intimation for Conference Participation scheduled to be held on September 21, 2026
Source: Bse
Protean eGov Technologies Limited (PROTEAN)
Small CapIT stocks · Small cap · NSE
Protean eGov Technologies Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result04 Aug, 09:42 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
77BullishSMA20 +25.5% / mo · MACD − · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 62
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
PROTEAND candles · FIT view+17.6%Latest close ₹617.35 on 2026-10-19
Bar
-2.0%
RSI
50
MACD hist
-6.21
52W pos
39%
2026-10-19O ₹629.70H ₹631.20L ₹608.00C ₹617.35Vol 2.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PROTEANNifty ITNifty 500
- PROTEAN
- +5.4%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +11.0 pp
Chart stats
19 Oct 2026- From 52W high
- -30.2%
- 52W range position
- 39%
- ATR (14)
- 5.1%
- Volume vs 20D
- 0.13x
- Avg traded value
- ₹128 Cr
- 20D price channel
- ₹491.5 - ₹719
₹885
₹444 - ₹885
₹31.4
Latest completed session
20-session average
85.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED28
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +19.0% · PAT -75.4% YoY
Technical
Bullish77
Price trend and sector-relative-strength timing.
Valuation
Legacy model-210.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -75% YoY · margin compression · Rev +19% YoY
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹251 Cr | +19.0% | -18.4% |
| EBITDA | ₹12.4 Cr | -24.3% | -67.3% |
| Operating margin | 5.0% | -283 bps | -740 bps |
| PAT | ₹5.9 Cr | -75.4% | -80.7% |
| PAT margin | 2.3% | -897 bps | -754 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 30.30
- P/B
- 2.41
- EV/EBITDA
- 16.33
- Market Cap
- 2607.00Cr
Profitability
- ROE
- 10.00%
- ROCE
- 12.70%
- ROA
- 5.63%
- Dividend Y
- 1.56%
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 3.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- 14.00×
- Altman Z
- 6.15
- Book Value
- 265.00
Cash Flow
- FCF Yield
- 2.45%
- FCF Positive Y
- 7/5
- OCF
- 78.00 Cr
- EPS TTM
- 20.34
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 43%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 251-18.4% vs prev
Net Profit
₹ CrLatest: 5.9-80.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 50. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~20.3% over last month) — short-term momentum positive.
- RSI(14) at 50 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 30% off 52W high · 39% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
49
RS percentile
Stage 2 UptrendRecent S2
1M return
+25.9%
3M return
+5.4%
6M return
+12.0%
1Y return
-28.0%
RS 1D
-1
RS 20D
+37
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 7.8% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +2.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
12 Oct 2026
S2 age
6 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 72.35-1.19%
RS vs Nifty 50072
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth5/25
Quality0/20
Balance Sheet9/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
28
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
28/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Cash flow contributes 8/10 to the score.
- Balance sheet contributes 9/15 to the score.
Main drags
- Fair-value margin of safety is negative at -210.0%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
30.3
PB
2.4
EV/EBITDA
16.3
ROE
10.0%
ROCE
12.7%
FCF Yield
2.5%
Debt/Equity
0.1
MoS
-210.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
28
Previous: 28
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-210.0%
Previous: -210.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
28
28
28
28
28
28
28
28
28
28
28
28
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹348.25
-77.3% MoS
Growth-justified P/E
9.8
Growth-justified Value
₹199.13
-210.0% MoS
PEG
10.10
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SASKEN
Small
Sasken Technologies Limited
IT Services / Digital
match 168
26
34.7
7.0%
-999%
OVERVALUED
ONEPOINT
Small
One Point One Solutions Limited
IT Services / Digital
match 166
32
44.7
7.2%
-53%
WATCHLIST
RAMCOSYS
Small
Ramco Systems Limited
IT Services / Digital
match 165
46
33.2
18.1%
-473%
FAIR VALUE
WELSPLSOL
Small
Welspun Specialty Solutions Limited
IT Services / Digital
match 164
30
122.0
4.8%
-252%
OVERVALUED
NIITMTS
Small
NIIT Learning Systems Limited
IT Services / Digital
match 164
67
12.0
15.5%
+67%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Protean eGov Technologies Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 71st percentile within IT. Main check: results consistency is weak at 46/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
62 docs text-extracted · 28 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · IT: 71st pctile, median 69 · Small: 75th pctile, median 66
Evidence depth
Financial-only
62 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
46
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.2%.
- ▸7 years of positive FCF.
- ▸Debt/equity is 0.08.
Trust risks
- ▸1/4 latest quarters had positive YoY PAT growth.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Protean eGov Technologies Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 10 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug - Newspaper Advertisement of 31st Annual General Meeting and Remote e-voting
Source: Bse
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 28 Aug - Protean eGov filed its FY2025-26 Business Responsibility and Sustainability Report with the annual report.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug - Copy of newspaper publication for Notice covening ensuing AGM of the Company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 18 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 1d - Protean reported FY26 revenue of ₹998 crore, 19% growth, and appointed Ajay Rajan as MD & CEO from June 1.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May - Newspaper Publication of Audited Financials for Q4 & FY26
Source: Bse
AnnouncementQ4 2026
Q4 2026 · Compliances-Reg.24(A)-Annual Secretarial Compliance 21 May - Protean filed FY2025-26 annual secretarial compliance report; no non-compliances observed.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.