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Protean eGov Technologies Ltd share Price Today

Company details

1,162.20
1,224.70
775.00
1,712.00
6M Return -11.59%
1Y Return 37.97%
Mkt Cap.(Cr) 4,927.46
Volume 745,045
Div Yield 0.86%
OI
-
OI Chg %
-
Volume 745,045

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IT Consulting & Software company Protean eGov Technologies announced FY24 results:

Financial Highlights:

  • Protean delivered consolidated revenue from operations of Rs 882 crore for FY24, growing by 19% YoY on the back of double digit revenue growth across core business verticals.
  • Adjusted EBITDA stood at Rs 196 crore in FY24, up by 11% YoY with EBITDA margin of 20.6% vs 22.6% in FY23.
  • The dip is mainly due to continuous investment in new business lines in line with the company’s future growth strategy. The new businesses are demonstrating early momentum.
  • PAT stood at Rs 97 crore in FY24 down by 9% YoY with PAT margin of 10.2%. Decline in profits was mainly due to increase in depreciation on account of new investments and provision for doubtful debt.
  • The balance sheet continues to remain strong with more than Rs 700 crore of cash equivalents & marketable securities and zero debt as on 31st March 24.

Commenting on the results, Suresh Sethi, Managing Director and Chief Executive Officer, said: “We are proud to report yet another year of resilient performance and steady growth powered by double digit growth across core business verticals. This is a clear indicator of the continued opportunity and headroom for growth across various business verticals. Protean continues to be one of the cornerstones of Digital India evolution - right from creating population scale e-governance platforms to contributing towards multisector Open Digital Ecosystems across ecommerce, mobility, agriculture, education & health aligned with India’s visionary DPI framework. We continue to see early momentum across various new business verticals especially ODE’s, on account of gaining network adoption.”

Result PDF

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Protean eGov Technologies Ltd shares SWOT Analysis

Strengths (3)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt
  • Book Value per share Improving for last 2 years

Weakness (7)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,241.2
R2 1,264.2
R3 1,303.7
Pivot

1,201.72

S1 1,178.7
S2 1,139.2
S3 1,116.2
EMA SMA
1,145.9
1,156.8
1,182.2
-
1,136.0
1,179.2
1,185.0
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
EQUITY INTELLIGENCE INDIA Bulk Purchase 2024-06-18 1199.5 295000 BSE
NIPPON INDIA MUTUAL FUND A/C - NIPPON INDIA SMALL CAP FUND Bulk Purchase 2024-05-21 1160 1278312 BSE
HDFC BANK LIMITED Bulk Sell 2024-05-21 1160.15 1294326 BSE
Name Category Shares
HUF PUBLIC 0.9%
NSE Investments Limited PUBLIC 20.36%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Protean eGov Technologies Ltd Stocks COMPARISON

Financials( in Cr) Protean eGov Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,218.25 3,815.10 1,498.20 1,437.20 491.85
% Change 4.30 -0.44 0.62 0.43 3.01
Mcap Cr 4,927.46 1,380,336.75 621,882.89 390,007.93 256,998.41
Revenue TTM Cr 742.21 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 107.04 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 48.57 29.75 23.75 24.73 22.60
1 Year Return 37.97 17.35 15.21 26.53 24.06
ROCE 16.66 62.85 44.74 27.62 17.11
ROE 13.01 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 857.14 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

Protean eGov Technologies Ltd Information

Stock PE (TTM)
48.57
Promoter Holding
0%
Book Value
228.9868
ROCE
16.66%
ROE
13.01%
Description
  • Protean eGov Techs. Ltd. was originally incorporated as `National Securities Depository Limited` on December 27, 1995 by RoC at Mumbai. The name of Company changed from `National Securities Depository Limited` to `NSDL e-Governance Infrastructure Limited` on December 19, 2012. Further, the name was changed to `Protean eGov Technologies Limited` on October 28, 2021 and a fresh Certificate of Incorporation was granted by the RoC on December 8, 2021. The Company is one of the key IT-enabled solution companies in India engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. It has collaborated with the government having an extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. The Company has been positioned as one of the key catalyzing agents to developing government related IT solutions. In fact some of the major e-Governance projects of the government have been designed, planned and executed by Protean eGov Technologies. It has created strong e-governance interventions impacting multiple sectors of the Indian economy and touching various aspects of a citizen`s life-modernizing the direct tax infrastructure, providing a tax identity to citizens and corporates (issuance of PAN card), strengthening the old-age social security infrastructure (National Pension System NPS & Atal Pension Yojna APY), promoting financial inclusion by contributing to the India Stack by enrolling citizens for National Identity and enabling the BFSI sector by providing Aadhaar-based identity authentication and e-Sign services. The Company was originally setup as a depository in the year 1995. It was responsible for creating a systemically important national infrastructure for capital market development in India, which includes the all-depository, broker backbone. Subsequently, it was separated as a technology enabling company. It has been the chief architect and implementer for some of the most critical and large scale technology infrastructure projects. It implemented and managed 18 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services like Ministry of Finance, Ministry of Information and Broadcasting, Ministry of Education, Ministry of Skill Development and Entrepreneurship, Ministry of Communications and Ministry of Electronics and Information Technology. In 2004, the Company implemented Tax Information Network. It introduced Online Tax Accounting System. It launched PAN card services in 2005. In 2007, it signed a Memorandum of Understanding with the Income Tax Department for establishing an internet-based service for verification of PAN by authorised entities. It introduced Central Record keeping Agency System in 2008. In 2009, the Company launched New Pension System (NPS) to all citizens except government employees covered by NPS. It executed an agreement with the Income Tax Department for extension of services pertaining to TIN for a period of three years. In 2011, the Company was appointed as Registrar for Unique Identification Authority of India. In year 2012, NSDL Depository Limited, an erstwhile wholly-owned subsidiary of Company and the Company filed a Scheme of Arrangement before the High Court of Judicature at Bombay to demerge the depository business and undertaking of the Company (Transferor Company), and vest in NSDL Depository Limited (Transferee Company). Pursuant to Scheme of Arrangement, the depository undertaking, i.e., the business of Transferor Company engaged in providing depository services, transferred and vested in the Transferee Company, as a going concern. The Scheme was approved by the High Court of Judicature at Bombay dated November 2, 2012. The Transferee Company, in consideration of demerger, issued and allotted fully paid-up equity shares on a proportionate basis to all the shareholders of Transferor Company on the following basis: "for every 2 fully paid-up equity shares of Rs 10 each held by the equity shareholders of the Transferor Company on the effective date, 1 fully paid-up equity share of Rs. 10 each of the Transferee Company". Further, investment made by the Transferor Company in the Transferee Company stood cancelled. The Scheme of Arrangement came into effect from December 7, 2012 and became operative from the Appointed Date, April 1, 2012. The Company launched e-KYC services for ICICI Prudential Life Insurance in year, 2014. It introduced an online platform for students, "Vidya Lakshmi Electronic Platform" to avail education loan. In 2018, the Company launched "Vidya Kaushal", which facilitate skill development loans to students pursuing courses run by NSDC approved training partners. It launched the iKar application for Android and iOS users. It constructed a Modified Data Centre facility at Bangalore. In 2019, an agreement was executed with Income Tax Department to continue the business process of receipt of PAN applications and issuance of PAN cards. The Company is planning to raise capital from Public with an initial public offer of issuing 12,080,140 Equity Shares through Offer for Sale.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 544021
NSE Code :
Book Closure Date (Month) :
BSE Group : B
ISIN : INE004A01022

FAQ’s on Protean eGov Technologies Ltd Shares

You can buy Protean eGov Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Protean eGov Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 04:01 PM the closing price of Protean eGov Technologies Ltd was Rs.1,218.25.

The latest PE ratio of Protean eGov Technologies Ltd as of Jun 18, 2024 04:01 PM is 48.57

The latest PB ratio of Protean eGov Technologies Ltd as of Jun 18, 2024 04:01 PM is 0.20

The 52-week high of Protean eGov Technologies Ltd share price is Rs. 1,712.00 while the 52-week low is Rs. 775.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 04:01 PM, the market cap of Protean eGov Technologies Ltd stood at Rs. 4,927.46.

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