Protean Egov Share Price: Latest Trends and Analysis

Protean eGov Technologies Limited was formerly known as NSDL e-Governance Infrastructure Limited which is an Indian IT enabled e- Governance service company. Presenting an e-governing model that has been adopted and implemented since 1995, Protean eGov is responsible for revolutionizing the means through which governments worldwide undertake their public service delivery and management. The company has positively impacted the process of digital transformation of services proving their effectiveness, transparency, and availability throughout the sectors. In this article we will explore Protean Egov Share Price and it history, analysis and more

Overview of Protean Egov Share Price

Currently, Protean eGov Technologies can be purchased and sold in the stock exchange market through Bombay Stock Exchange under the account number 544021. The changes in the stock price of the company evidently indicate that the stock market is not stabilized, and of course, the performance of firms also.

Namrup Softtech Solutions Limited formerly known as NSDL e-Governance Infrastructure Limited is one of the leading e-Governance IT solution service company in India. The Company is also listed in Bombay Stock Exchange and its share number is 544021.

At the present, Protean eGov has good financial status and the company is currently having the market capitalization of almost $937,000,000 and the company is relevant to the current digital governance transformation in India.

Protean Egov Share Price And Recent Stock Performance

Here is the table of the recent stock performance:-

History of Protean Egov Share Prices

The following table highlights the historical stock prices of Protean eGov Technologies over the past month:

Financial Performance and Protean Egov Share Price

• Protean eGov Technologies have exhibited steady financial performance of consistent growth in revenue and profit character.

• Based on the company’s balance sheet for fiscal year 2023-2024, revenue totals ₹8,820 million, an 18.84% increase over the previous fiscal year.

• This strong topline growth underlines the company’s growing e-Governance business and a rising uptake of digital solutions across the globe.

Key Financial Metrics

The table below provides a snapshot of Protean eGov’s key financial metrics for the year ending March 31, 2024:

Thus, these numbers speak to the company’s solid operational beta efficiency. The net profit margin of 14.30% and the operating profit margin of 21.27% clearly highlight Protean’s competency for converting the revenue and providing value addition to its clients as a company in the IT-enabled services segment.

Market Capitalization

Protean eGov Technologies Ltd.’ s market capitalization as on October 16, 2024 was around USD 937 Million. Further, this market cap shows that this has a good position in the Indian stock markets and means that the long term shareholders; institutional and retail traders have confidence in this company.

Recent Developments

Protean eGov has also been on the right direction towards growing the leadership of the business. On August 18, 2024, the company announced Sandeep Mantri as a new CFO of the firm. Moreover, this appointment is evidence of a new focus on building stronger, more capable financial management for the company, and more accuracy in decision-making in a rapidly consolidating economic landscape.

Moreover it has been quite keen on diversification of its activities saying yes to new projects related to digital government services, e-taxation, and citizen-oriented solutions. These areas are believed to be very key in the growth of the company in the next few years.

For Investor Considerations on Protean Egov Share Price

Potential investors must look at some factors in order to make good decisions regarding Protean eGov Technologies or Protean Egov Share Price. Therefore, in financial performance, the company could be said to have strengths and weaknesses that need to be enhanced or rectified respectively.

Sales Growth

Protean Egov Share Price has realized a five/sales of 3.09 percent over the past 5 years. But still, this growth rate might be observe as rather low bearing in mind such indicators are characteristic of other rapidly expanding tech firms. That is why it will be important for the company to be able to accelerate its sales and increase its service offering in the future years to reassure investors.

Return on Equity

ROE of the company for the past three years is 13.1%. However, this is a nice number, which may not seem significant in this constantly developing sector especially focused on IT companies. The above figure represents return on equity, meaning using shareholder’s funds; better returns should be a major aim for the company.

Price-to-Book Ratio

P/B ratio of Protean currently is 7.86 times its book value/share. This shows that the existing price for the stock trading is high compare to the book value of the firm. A high P/B Ratio could be interpret that P/E has high expectations in future, but it also means it has higher risk. In this respect, investors should be very cautious when deciding whether the existing price of the stock will correspond to expected earnings growth.

Conclusion

Established in the beautiful country of India, Protean Egov Share Price And Protean eGov Technologies Limited serves. The e-Governance sector as a pioneer company, offering fundamental technologies and solutions. That support the transition of this nation to become a digital economy. The increasing and stable revenues, adequate and enhanced profits and high market capitalization. Are the major financial policies, which the company has been following for a continued period.

Nevertheless, when investing in the company, potential investors should also look at its small but rising sales growth as well as reasonable ROE figures. Although the company has experienced a good stock value over the last one year. It will require to come up with more innovations and increase its sale since digital government services will continue to be demanded.

FAQ’s About Protean Egov Share Price

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