Protean eGov Technologies share price today

Protean eGov Technologies Ltd's share price was ₹657.30 at the close on 4 November 2026. It has been falling for 88 weeks. That is 3.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹480 and ₹848, and at that close it sat 48% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Protean eGov Technologies Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 7 weeks in a row.

Over the last 3 years the share price moved −42% while the NIFTY 500 moved +24%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: lowest operating margin in 10 quarters and revenue up on a year earlier for 6 quarters in a row.

1. Lowest operating margin in 10 quarters

   Operating margin was 5% in the June 2026 quarter, against 7.8% a year earlier.

   Why: The margin fell because the company paid upfront costs for the Aadhaar Seva Kendra rollout before those centers started earning revenue.

   Next results: check whether the margin recovers as these upfront costs roll off and no new one-off costs appear.

   From the earnings call on 4 Aug 2026.

2. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹251 crore, +19% on a year earlier.

   Why: Revenue rose because newer services such as Aadhaar Seva Kendra and RISE Protean brought in a bigger share of sales.

   Next results: check whether more Aadhaar Seva Kendras start earning steady revenue.

   From the earnings call on 4 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Protean eGov Technologies reported revenue of ₹251 crore, up 19.0% from ₹211 crore a year earlier, and a profit of ₹5.86 crore, down 75.4% from ₹23.9 crore.

Protean eGov Technologies results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Protean eGov Technologies' management discussed these results on a call held on 4 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Protean eGov Technologies closed at ₹657.30 on 4 November 2026, down 22.2% from ₹845.40 a year earlier (7 November 2025) and down 41.9% over three years. Its highest weekly close since November 2023 was ₹2,190.30 on 30 August 2024.

Protean eGov Technologies share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

161 weekly closes from 17 November 2023 to 4 November 2026.

4 Nov 2026: Protean eGov Technologies closed at ₹657.30, up 4.4% on the week and up 2.8% on the month. 28 Aug 2026: ex-date for a dividend of ₹10 a share.

Earlier

• 4 Aug 2026: Protean eGov Technologies held its results call for April to June 2026. Management guided: Aadhaar Seva Kendra implementation to be completed by Q3.
• Results for April to June 2026: Revenue up 19.0% and profit down 75.4% on a year earlier.

Protean eGov Technologies paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.52% at the ₹657.30 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 28 August 2026.

Protean eGov Technologies dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Protean eGov Technologies Ltd paid out 40% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 9 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 4 August 2026, Protean eGov Technologies' management guided: Aadhaar Seva Kendra implementation to be completed by Q3.

“As I explained in my earlier calls as well, I see margins improving substantially from here over the next 2-3 years. I think it will be a different margin trajectory.”Sandeep Mantri, on the call for April to June 2026

What management guided

• Aadhaar Seva Kendra revenue to contribute meaningfully in the coming quarter as deployment scales, supporting operating leverage and margin recovery.
• Aadhaar Seva Kendra margins expected to be sustainable but not operating profit-accretive; adjacencies intended to create higher-profit opportunities.
• Consolidated margins to stabilize from the next quarter or the following quarter; employee costs outside ASK broadly flat, with year-end reductions partly offset by increments.
• Operating margin to improve substantially over the next 2-3 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 4 August 2026.

When Protean eGov Technologies reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Aadhaar Seva Kendra rollout reaching the flagged completion milestone, followed by stable center volumes, recurring revenue and margin evidence.

Protean eGov Technologies is on 2 of our India lists: Dividend stocks and IT stocks.

Protean eGov Technologies Ltd earned ₹5.9 Cr of net profit in the Jun 2026 quarter, −75.4% on the same quarter a year earlier. Full-year FY26 profit was ₹101 Cr. Over 8 years profit has grown −3.7% a year on average. That is 2.3% of the quarter's revenue. The same quarter a year earlier earned ₹23.9 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹101 Cr (+9.8% on the year before).

Why profit moved: revenue changed +19.0% on a year earlier and the margin moved −2.8 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −10.8% and revenue +21.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Protean eGov Technologies Ltd reported ₹251 Cr of revenue in the Jun 2026 quarter, +19.0% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 8 years it has grown 1.3% a year on average. The last full year, FY26, came in at ₹998 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,038 Cr.

FY26 revenue was ₹998 Cr, +18.7% on the year before.

Recent pace: the last four quarters grew +21.1% on average, against 1.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +21.4%, against +10.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −13.3%, against −3.3% a year (rolling over).

Protean eGov Technologies Ltd's operating margin was 5.0% in the Jun 2026 quarter, 2.8 percentage points lower than the same quarter a year ago. Across 9 years it has been between 10.0% and 23.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 113% of Protean eGov Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹78.0 Cr of operating cash against ₹101 Cr of profit. After ₹69.0 Cr of spending on assets, ₹9.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 113% of profit came in as cash: the cash cycle got 45 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

Protean eGov Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 75 days in FY26, down from 120 days in FY21. It spent ₹214 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹998 Cr, each day of that cycle ties up about ₹2.7 Cr, so roughly ₹205 Cr is tied up in the business at any time.

Spending on assets: ₹214 Cr over the last 3 years, against ₹102 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹19.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Protean eGov Technologies Ltd's P/E is 31.1×, near the low end of its own history: it has been lower only 29% of the time. Its usual P/E (the middle reading) is 38.9×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹20.34.

Why the multiple is where it is: over the past year earnings per share moved +8.6% while the price moved −22.2%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −16.6% a year; about −7.3% a year came from earnings growth and about −9.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Protean eGov Technologies Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −13.3% in the latest quarter, against +81.1% at its best in 12 quarters, with ROCE steady at 10.1%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Protean eGov Technologies Ltd earned a ROCE of 13% in FY26. That is up from a low of 12% in FY25. Its return on capital used (ROIC) is 6.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 10.1% net margin and 0.68× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 10.1% net margin × 0.68× asset turnover × 1.37× leverage (assets divided by equity) ≈ 9.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 5.4% − 12.0% = −6.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 5.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 8.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Protean eGov Technologies Ltd has total debt of ₹87.0 Cr against shareholder equity of ₹1,077 Cr as of Jun 2026, so its debt is 0.08× its equity, which is very little. Year by year, that ratio went from 0.01 in FY23 to 0.08 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in Protean eGov Technologies Ltd by 7.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 21.5% of the company. Foreign institutions moved −2.0 points over the same period, to 4.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why the owners changed: domestic institutions drove it (−7.4 points), together with foreign institutions (−2.0 points). They reduced their stake.

For Protean eGov Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

42.0 out of 100, rank 10 of 12 in IT Enabled Services, with 81% of the evidence available.

Protean eGov Technologies Ltd scores 42.0 out of 100 against the 12 companies it is compared with in IT Enabled Services, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 12.8 + 10.8 + 7.2 + 11.2 = 42. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Protean eGov Technologies ranks 10 of 12 IT Enabled Services companies on the 4-Factor Sector Score, with 42.0 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: IT Enabled Services, all 12 compared on one page.

Protean eGov Technologies is the 7th largest of 12 IT Enabled Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Latent View Analytics, Route Mobile and RPSG Ventures. Just below it: One Point One Solutions, Hinduja Global Solutions and Aurum Proptech.

IT Enabled Services companies close in size

4. Latent View Analytics Ltd ₹4,357 crore
5. Route Mobile Ltd ₹2,764 crore
6. RPSG Ventures Ltd ₹2,661 crore
7. Protean eGov Technologies Ltd ₹2,572 crore
8. One Point One Solutions Ltd ₹2,041 crore
9. Hinduja Global Solutions Ltd ₹1,552 crore
10. Aurum Proptech Ltd ₹1,451 crore

All 12 IT Enabled Services companies, largest first

Companies close in size in other industries

1118. ADF Foods Ltd ₹2,586 crore · FMCG - Contract Mfg
1119. Kabra Extrusion Technik Ltd ₹2,577 crore · Capital Goods - Engineering Heavy
1120. Protean eGov Technologies Ltd ₹2,572 crore
1121. Marsons Ltd ₹2,558 crore · Capital Goods - Transformers
1122. D B Corp Ltd ₹2,552 crore · Newspaper

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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