Today we will explore Protean eGov Share Price Target, Business Profile, Geographical Presence, & Quarterly Results. Here we will discuss almost every factor which impacts Protean eGov Share Price. Throughout our journey, you will gain a deeper comprehension of the projected Protean eGov Share Price Target for 2024, 2025 2026 2027 2028 2029 2030
Protean eGov Technologies Limited, previously known as NSDL e-Governance Infrastructure Ltd, was founded in December 1995. The company focuses on developing e-governance solutions that are centered around citizens and can be implemented on a large scale.
Protean eGov Brief Details
Contents
Let’s check out Protean eGov intro details, Protean eGov Technologies Limited is a company that provides information technology services, including e-governance solutions, system integration, business process re-engineering, managed cloud services, data center co-location, and information security consulting in India.
They have successfully carried out and overseen 19 projects that are spread out among seven different ministries.They have set up various digital systems for the public and have introduced e-governance measures that have had a significant impact on various sectors of India’s economy.
Also Check Garden Reach Ship Builders Analysis Report Here
| Company Name | Protean eGov Technologies Ltd |
|---|---|
| Listed | BSE |
| Head Office | 1st Floor, Times Tower, Kamala Mills Compound, Lower Parel, Mumbai, Maharashtra 400013 |
| Board Of Directors | Suresh Kumar Sethi (Managing Director & CEO) Karan Omprakash Bhagat (Non Executive Director) Shailesh Vishnubhai Haribhakti (Non Executive Director) Lloyd Mathias (Independent Director) Preeti Gautam Mehta (Independent Director) Jayesh Waman Sule (Whole Time Director & COO) Mukesh Agarwal (Non Executive Director) Abhaya Prasad Hota (Independent Director) Shailesh Sharad Kekre (Independent Director) Aruna Krishnamurthy Rao (Independent Director) |
| Official Website | Protean eGov Technologies Ltd |
Protean eGov Business Profile
Protean eGOV Technologies is specializes in technology-enabled solutions. They focus on creating large-scale technology solutions for the government and have experience in building digital public infrastructure and citizen centric e-governance solutions.
Projects List
Protean eGOV has successfully managed 19 projects within seven ministries and autonomous bodies. The organization plays an important role in constructing public digital infrastructure and delivering e-governance services.
Improving the tax system in India by implementing projects like issuing Permanent Account Numbers (PAN), establishing the Tax Information Network (TIN), and introducing Online Tax Accounting Systems (OLTAS).
Developing the necessary IT infrastructure as a Central Recordkeeping Agency (CRA) for the National Pension System (NPS).
Creating a technology infrastructure as a CRA for the Atal Pension Yojana (APY) to provide universal social security for all Indians, especially those in the unorganized sector.
Playing a role in the India Stack, which offers a set of application programming interfaces (APIs) for governments, businesses, startups, and developers to utilize a unique digital infrastructure for creating solutions that are presence-less, paperless, and efficient.
Also Check Out Olectra Greentech is Multibagger or not
Client List
- Ministry of Finance Information and Broadcasting
- Skill Development and Entrepreneurship, Education, Electronics and Information Technology, Communication, and Ministry of Commerce and Industry.
Geographical Presence
The company has a huge physical infrastructure spanning across India. By June 30, 2023, there were 79,374 service centers in operation. They have a widespread network of Pan and Tin facilitation centers covering more than 12,000 Pin codes across over 700 districts in India. In addition, they oversee 26,000 central government nodal offices, 263,000 state government nodal offices, and 87,000 offices for NPS administration throughout the country.
Revenue Source
Protean egov is a top PAN service provider in India, holding a 45% market share in new PAN card allotments during 9M FY23.
Company operates PAN applications for the IT Department, processing an average of 0.1 million applications per day and over 2 million applications per month.
Protean egov dominates the market with 58% share in Tax Issuance Numbers. In FY 23, Over 2.1 million deductors have filed their TDS returns online using the TIN system
Protean egov Fundamentals & Financial
| Market Cap | ₹ 4,584 Cr. |
| Current Price | ₹ 1,133 |
| High / Low | ₹ 1,712 / ₹ 775 |
| Stock P/E | 42.6 |
| Book Value | ₹ 218 |
| Dividend Yield | 0.00 % |
| ROCE | 17.2 % |
| ROE | 13.1 % |
| Face Value | ₹ 10.0 |
| Debt to equity | 0.01 |
| Debt Capacity | 0.21 |
| Debt preceding year | ₹ 0.00 Cr. |
| Debt | ₹ 7.04 Cr. |
| Reserves | ₹ 842 Cr. |
| EPS | ₹ 26.6 |
| EPS last year | ₹ 26.6 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 208 Cr. |
| EVEBITDA | 27.9 |
| Industry PE | 36.2 |
| PEG Ratio | -9.45 |
| Piotroski score | 5.00 |
| Earnings yield | 3.18 % |
On 9 April 2024, Protean eGov share price is 1133rs. Protean egov, a small-cap firm, with ₹ 4584 crores market cap in April 2024. It has EPS (earnings per share)₹ 26.6 , it allocates ₹ 26.60 for every individual share – a high EPS signaling good profitability. However, its 42.6 price-to-equity ratio (P/E) substantially exceeds the 36.2 industry average.
Quarterly Results
| Sep 2022 | Dec 2022 | Jun 2023 | Sep 2023 | Dec 2023 | |
|---|---|---|---|---|---|
| Sales + | 178 | 176 | 220 | 235 | 203 |
| Expenses + | 148 | 143 | 185 | 198 | 206 |
| Operating Profit | 30 | 33 | 35 | 37 | -3 |
| OPM % | 17% | 19% | 16% | 16% | -1% |
| Other Income + | 10 | 10 | 13 | 13 | 29 |
| Interest | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 6 |
| Profit before tax | 35 | 38 | 42 | 44 | 20 |
| Tax % | 25% | 25% | 22% | 24% | 21% |
| Net Profit + | 26 | 29 | 33 | 34 | 15 |
| EPS in Rs | 6.51 | 7.20 | 8.16 | 8.32 | 3.81 |
In the final quarter of 2023, Protean eGov Technologies saw a decrease in net profit by 46.45%, amounting to Rs 15.23 crore compared to Rs 28.44 crore in the same quarter of 2022. However, their sales saw an increase of 15.95%, reaching Rs 203.86 crore in the final quarter of 2023 compared to Rs 175.81 crore in the same quarter of 2022.
CAGR Report
| Compounded Sales Growth | – | -4% | 1% | 7% |
| Compounded Profit Growth | – | -5% | -4% | -4% |
| Stock Price CAGR | – | – | – | – |
| Return on Equity | – | 15% | 14% | 13% |
| Dec 2023 | |
|---|---|
| FIIs + | 10.64% |
| DIIs + | 51.04% |
| Public + | 38.32% |
| No. of Shareholders | 95,678 |
We have examined how the company’s stock has been doing lately and have come up with a thoroughly researched for Protean eGov price target for the years 2023, 2025, and 2030, using our expertise in research and forecasting.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹1300 | ₹1500 |
| 2025 | ₹1600 | ₹1800 |
| 2026 | ₹2000 | ₹2200 |
| 2027 | ₹3000 | ₹3500 |
| 2028 | ₹4000 | ₹5000 |
| 2029 | ₹5500 | ₹7500 |
| 2030 | ₹8000 | ₹10000 |
We are confident that the company’s impressive financial results, strategic collaborations, and creative product portfolio will fuel further expansion in the upcoming years. Additionally, the company’s recent contract extension with the Income Tax Department and the growing number of subscribers to the National Pension System (NPS) are anticipated to generate a consistent flow of income. Protean egov Share price will raise more than 10 time in upcoming 10 years.
| Months | Target Prices |
|---|---|
| January | 1320 |
| February | 1350 |
| March | 1290 |
| April | 1313 |
| May | 1337 |
| June | 1350 |
| July | 1375 |
| August | 1360 |
| September | 1400 |
| October | 1500 |
| November | 1650 |
| December | 1800 |
| Months | Target Prices |
|---|---|
| January | 1830 |
| February | 1800 |
| March | 1780 |
| April | 1820 |
| May | 1880 |
| June | 1930 |
| July | 2000 |
| August | 2100 |
| September | 2200 |
| October | 2300 |
| November | 2400 |
| December | 2500 |
| Months | Target Prices |
|---|---|
| January | 2527 |
| February | 2590 |
| March | 2450 |
| April | 2570 |
| May | 2605 |
| June | 2721 |
| July | 2847 |
| August | 2900 |
| September | 2980 |
| October | 3150 |
| November | 3300 |
| December | 3500 |
| Months | Target Prices |
|---|---|
| January | 3550 |
| February | 3490 |
| March | 3400 |
| April | 3500 |
| May | 3600 |
| June | 3730 |
| July | 3770 |
| August | 3800 |
| September | 3980 |
| October | 4080 |
| November | 4100 |
| December | 4200 |
| Months | Target Prices |
|---|---|
| January | 4300 |
| February | 4150 |
| March | 4100 |
| April | 4200 |
| May | 4350 |
| June | 4430 |
| July | 4500 |
| August | 4570 |
| September | 4550 |
| October | 5500 |
| November | 6000 |
| December | 6340 |
| Months | Target Prices |
|---|---|
| January | 6500 |
| February | 6200 |
| March | 5800 |
| April | 6300 |
| May | 7000 |
| June | 6800 |
| July | 7550 |
| August | 8000 |
| September | 7970 |
| October | 8500 |
| November | 9000 |
| December | 9500 |
Must Check Out Best Penny Stocks Vikas Lifecare
Disclaimer:-
The information provided on https://stocktrend.in/ is for educational and informational purposes only. It should not be construed as financial advice or as a recommendation to buy, sell, or hold any particular investment or security.
We are not licensed financial advisors or registered investment advisors. Any investment decisions made based on the information provided on this blog are solely the responsibility of the individual investor. It is recommended that you consult with a qualified financial advisor or investment professional before making any investment decisions. For More Information Read Complete Disclaimer
FAQs
What does Protean egov Company do?
Protean egov, improving the tax system in India by implementing projects like issuing Permanent Account Numbers (PAN), establishing the Tax Information Network (TIN), and introducing Online Tax Accounting Systems (OLTAS).
Why Protean is not listed on NSE?
Protean eGov Technologies Ltd, a subsidiary of NSDL, was backed by NSE among other promoters.
Is Protean eGov a government company?
No, Protean eGov Technologies Limited is a well-known Indian company that specializes in e-government technology which is Non-Government Company.
