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PROTEANProtean eGov Technologies Limited

IT · Information Technology Services · NSE · as of 2026-09-11 (delayed ~30 min in market hours)

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.

492.35
0.08%
37Weak

Mkt Cap
₹2,003 Cr
P/E
19.9
P/B
1.9
Div Yield
2.05%
52W High
₹939.80
52W Low
₹444.00

Price & Volume

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Key Ratios

Market Cap (₹ cr)2,003.10
P/E19.93
P/B1.89
PEG0.57
ROE %9.69
ROCE %6.40
Debt / Equity0.08
EPS24.71
Revenue Growth %38.40
Profit Growth %49.10
Dividend Yield %2.05
Promoter Holding %22.49
FII Holding %8.64
DII Holding %
Beta0.34

“—” means the figure isn't meaningful or isn't published for this company: ROE and Debt/Equity are undefined when shareholder equity is negative (check P/B — negative means negative equity), and DII/MF holding splits aren't provided by our current data source.

Active Pattern Signals

None of the 16 pattern scanners currently detects a setup on PROTEAN — signals appear here automatically when one forms (checked on every data refresh). The Trade Plan on the right always provides stop-loss and target levels regardless.

AVOIDConviction 60%

Why avoid

  • Overall evidence is weak (AlgoScore 37/100)
  • ROE: 9.7%
  • ROCE: 6.4%
  • RSI: 31
  • MACD: bearish

Bull case

  • Revenue growth: 38.4% YoY
  • Profit growth: 49.1% YoY
  • Debt/Equity: 0.08
  • Trend strength (ADX): 30

Bear case

  • ROE: 9.7%
  • ROCE: 6.4%
  • RSI: 31
  • MACD: bearish

Key risks

  • Momentum is fading versus the broader market
  • ROE: 9.7%
  • ROCE: 6.4%

Algorithmic analysis for research only — not SEBI-registered investment advice.

Trade Plan

Entry (CMP)
₹492.35
Stop Loss
₹478.71
risk 2.8%
Target 1 (1.5R)
₹512.80
+4.2%
Target 2 (3R)
₹533.26
+8.3%
Support (20d)
₹483.55
Resistance (52w)
₹939.80
Risk : Reward
1 : 1.5 → 1 : 3
risking ₹13.64/share
ATR (volatility)
₹15.90
avg daily range

Stop = 20-day support with a 2.5×ATR risk cap (ATR ₹15.90). Levels recompute on every data refresh. Position sizing and execution are yours — this is analysis, not advice.

Score Breakdown

Fundamental70
Technical23
Momentum10
Risk (safety)47

Peers — IT

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