Protean eGov Technologies Ltd

Protean eGov Technologies Ltd

₹ 1,739 -6.01%
22 Nov - close price
About

Incorporated in December 1995, Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Ltd and is engaged in the business of developing citizen-centric and population-scale e-governance solutions.[1]

Key Points

About E-Goverance [1] E-governance is the use of Information and communications Technology to conduct government business and provide public services. The Strategic objective of e-governance is to support and simplify governance for all parties: government, citizens, and businesses.

  • Market Cap 7,048 Cr.
  • Current Price 1,739
  • High / Low 2,225 / 919
  • Stock P/E 80.0
  • Book Value 236
  • Dividend Yield 0.58 %
  • ROCE 14.6 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 58.7%

Cons

  • Stock is trading at 7.37 times its book value
  • The company has delivered a poor sales growth of 3.09% over past five years.
  • Company has a low return on equity of 13.1% over last 3 years.
  • Earnings include an other income of Rs.77.4 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
178 176 232 220 235 203 222 196 219
148 143 198 185 198 206 199 181 187
Operating Profit 30 33 34 35 37 -3 23 15 32
OPM % 17% 19% 15% 16% 16% -1% 10% 8% 15%
10 10 11 13 13 29 13 20 15
Interest 0 0 0 0 0 1 1 0 0
Depreciation 5 5 5 5 5 6 11 7 7
Profit before tax 35 38 40 42 44 20 25 28 40
Tax % 25% 25% 23% 22% 24% 21% 17% 22% 24%
26 29 31 33 34 15 20 22 31
EPS in Rs 6.51 7.20 7.69 8.16 8.32 3.81 5.06 5.37 7.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
898 756 716 603 691 741 880 841
717 589 568 518 567 622 788 773
Operating Profit 181 167 148 85 124 119 92 68
OPM % 20% 22% 21% 14% 18% 16% 10% 8%
27 35 38 49 79 41 68 77
Interest 0 0 2 1 0 1 2 2
Depreciation 11 20 27 17 17 18 27 31
Profit before tax 197 182 157 116 186 141 131 112
Tax % 31% 32% 23% 20% 22% 24% 23%
136 124 121 92 144 108 100 88
EPS in Rs 33.88 31.12 30.30 23.03 35.72 26.60 24.81 21.77
Dividend Payout % 23% 0% 0% 0% 98% 38% 40%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 13%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: 4%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 57%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 13%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 40 40 40 40 40 40 40 41
Reserves 530 626 714 628 748 818 890 916
0 0 14 0 0 8 21 7
172 184 173 195 200 239 238 297
Total Liabilities 741 850 940 863 989 1,105 1,189 1,260
136 135 64 51 52 63 86 115
CWIP 6 5 5 1 4 11 11 0
Investments 287 373 406 288 375 540 563 587
312 338 465 523 557 491 529 558
Total Assets 741 850 940 863 989 1,105 1,189 1,260

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
99 127 54 100 95 138 60
-78 -103 -13 154 75 -283 16
-31 -31 -39 -183 -34 -44 -47
Net Cash Flow -11 -7 2 71 136 -189 29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67 88 107 120 106 103 78
Inventory Days
Days Payable
Cash Conversion Cycle 67 88 107 120 106 103 78
Working Capital Days 21 25 103 55 41 20 24
ROCE % 29% 22% 16% 20% 17% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2023Mar 2024Jun 2024Sep 2024
10.64% 9.74% 8.61% 6.71%
51.04% 40.97% 30.07% 28.87%
38.32% 49.28% 61.32% 64.43%
No. of Shareholders 95,6781,46,3131,57,9751,60,638

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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