PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of PROTEAN EGOV TECHNOLOGIES LTD ₹431, price ₹640, upside -32.7%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
- Add to watchlist
PROTEAN EGOV TECHNOLOGIES LTD
PROTEAN · NSEOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
20‑month range ₹446.40 – ₹1,454 · fair‑value band ₹289.89 – ₹532.27 · the ₹639.75 price screens above the ₹430.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
Every Wednesday you see whether PROTEAN EGOV TECHNOLOGIES is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
Protean eGov Technologies Limited, together with its subsidiaries, provides information technology (IT) enabled e-governance services in India.
Show more
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 e-stamps and digital stamp solutions; Aadhaar authentication for digital identity; GST services; FIP and FIU technology service provider services; Data Stack, a data analytics solution; Rise with Protean, a multisectoral shop for APIs, micro services, and user journeys; ProteanX, a suite of products used to create, issue, store, and manage verifiable credentials; and Protean CKYC solution. Additionally, it offers cloud services, such as desktop as a service, storage as a service, virtual office, infrastructure as a service, managed service, and edge compute with 5G private network; and information security consulting services, including information security architecture, data privacy practice, and cyber security consulting and advisory services. The company was formerly known as NSDL e-Governance Infrastructure Limited and changed its name to Protean eGov Technologies Limited in October 2021. Protean eGov Technologies Limited was incorporated in 1995 and is headquartered in Mumbai, India.
Stock analysis
PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN) currently trades at ₹639.75, while our model-based Fair Value estimate is ₹430.69, 32.7% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹587.78 per share, and 3 of the 26 models we run sit above the ₹639.75 price.
Bear case: the Dividend Discount group reads lowest at ₹110.38, and 23 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹289.89 (bear) to ₹532.27 (bull), the price of ₹639.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
PROTEAN EGOV TECHNOLOGIES LTD 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.
Key figures
Market cap ₹26.1B (≈ $271M) · P/E ratio 25.9 · P/S ratio 2.61 · EPS (TTM) ₹24.72 · Dividend yield 1.6% · Net margin 10.1% · Return on equity 9.7% · Return on assets (EBIT) 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −33%, PROTEAN screens richer than that median.
Fair Value models
All 26 models by family
Notify me when PROTEAN reaches fair value
Put PROTEAN on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 45
Revenue & earnings trend
Growth Forecast
Compare PROTEAN EGOV TECHNOLOGIES LTD with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 462 stocks
Valuation Multiplesvs Information Technology Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $219.93 | $186.56 | −15% |
| Accenture plc ACN | $183.37 | $305.06 | +66% |
| Tata Consultancy Services Limited TCS | ₹2,082 | ₹2,993 | +44% |
| Infosys Limited INFY | ₹994.10 | ₹1,691 | +70% |
| HCL Technologies Limited HCLTECH | ₹1,258 | ₹1,926 | +53% |
| Cognizant Technology Solutions Corporation CTSH | $56.84 | $138.62 | +144% |
| Amadeus IT Group AMS | €53.48 | €65.98 | +23% |
| Broadridge Financial Solutions, Inc BR | $163.77 | $159.88 | −2% |
| Fidelity National Information Services, Inc FIS | $33.35 | $32.72 | −2% |
| CDW Corporation CDW | $129.71 | $165.54 | +28% |
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN) overvalued or undervalued?
What is the fair value of PROTEAN?
What is the quality score of PROTEAN?
What is the price target for PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the PROTEAN EGOV TECHNOLOGIES LTD stock forecast for 2026?
What is the revenue of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
Does PROTEAN EGOV TECHNOLOGIES LTD pay a dividend?
What growth is priced into PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What discount rate (WACC) does the fair value of PROTEAN use?
What is a reverse DCF?
How much growth has PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN) delivered so far?
How fast is the sector of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN) growing?
What is the free cash flow yield of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the intrinsic value of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
Is PROTEAN EGOV TECHNOLOGIES LTD stock overvalued or undervalued in 2026?
Is fair value the same as the market price of PROTEAN?
How much is PROTEAN EGOV TECHNOLOGIES LTD worth?
What do the bullish and bearish scenarios say about PROTEAN?
What is the P/E ratio of PROTEAN?
How solid is the balance sheet of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
How far is PROTEAN from its 52-week high?
Which stocks are comparable to PROTEAN EGOV TECHNOLOGIES LTD?
Is PROTEAN EGOV TECHNOLOGIES LTD stock attractive at the current price?
How is the fair value of PROTEAN calculated?
Is it still worth investing in stocks now?
What is the share price of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What should I pay attention to with PROTEAN EGOV TECHNOLOGIES LTD right now?
Key figures of PROTEAN EGOV TECHNOLOGIES LTD
How large is the market capitalisation of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the P/S ratio of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What are the earnings per share of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the dividend yield of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the net margin of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the return on equity of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the EBIT return on assets of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
What is the operating margin of PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
How fast is revenue growing at PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
How fast are earnings growing at PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN)?
How much net cash does PROTEAN EGOV TECHNOLOGIES LTD (PROTEAN) hold?
Watch PROTEAN EGOV TECHNOLOGIES LTD in the live analysis
One click puts PROTEAN EGOV TECHNOLOGIES LTD on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.