Protean eGov Technologies Limited (PROTEAN) Fair Value & Analysis
Technology · IN · Market cap ₹24.3B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price +1.4% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹446.40 – ₹913.85 · fair‑value band ₹329.11 – ₹532.27 · the ₹598.90 price screens above the ₹430.69 fair value. As of Jul 3, 2026.
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Protean eGov Technologies Limited (PROTEAN) currently trades at ₹598.90, while our model-based Fair Value estimate is ₹430.69 — implying the stock looks roughly 28.1% overvalued today. We read business quality at 56/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Protean eGov Technologies Limited generated revenue of ₹10.0B at a net margin of 10.1%. Revenue grew 38.4% year over year. It earns a return on equity of 9.7%. The balance sheet holds a net cash position of ₹990M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Protean eGov Technologies Limited, together with its subsidiaries, provides information technology (IT) enabled e-governance services in India. The company conceptualizes, develops, and executes critical and population scale greenfield technology solutions; and offers citizen services, system integration, business process re-engineering, data center co-location, and IT consulting services for individuals, corporates, and the government. It also operates as a central recordkeeping agency and a tax information network; and processes the applications for allotment of permanent account numbers (PAN). In addition, the company offers open digital ecosystems for mobility, e-commerce, health, agriculture, education, and skilling; and Vidyasaarathi and VidyaLakshmi, which are online platforms for education loans. Further, the company provides online PAN verification services; e-KYC to manage authentication of digital IDs; eSign to facilitate digital signatures; eSignPro, which offers …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Protean eGov Technologies Limited reported revenue of ₹10.0B in FY2026 versus ₹6.9B in FY2022, a compound +9.7%/yr. Reported net income was ₹1.0B in FY2026, compounding −8.6%/yr from FY2022.
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6 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $272.36 | $174.70 | -36% |
| Accenture plc ACN | $178.86 | $228.49 | +28% |
| Tata Consultancy Services Limited TCS | ₹2,199 | ₹1,863 | -15% |
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| Fiserv, Inc F1IS34 | R$122.88 | R$56.23 | -54% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.