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Protean eGov Technologies Ltd
BSE:544021

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Protean eGov Technologies Ltd
BSE:544021
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Price: 525.75 INR -4.59% Market Closed
Market Cap: ₹21.4B

EV/EBIT

34.3
Current
57%
Cheaper
vs 3-y median of 79.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
34.3
=
Enterprise Value
₹21.1B
/
EBIT
₹546.3m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
34.3
=
Enterprise Value
₹21.1B
/
EBIT
₹546.3m

Valuation Scenarios

Protean eGov Technologies Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (79.4), the stock would be worth ₹1 216.56 (131% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-43%
Maximum Upside
+131%
Average Upside
47%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 34.3 ₹525.75
0%
3-Year Average 79.4 ₹1 216.56
+131%
5-Year Average 79.4 ₹1 216.56
+131%
Industry Average 19.5 ₹298.32
-43%
Country Average 23.3 ₹356.68
-32%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹21.1B
/
Jan 2026
₹546.3m
=
34.3
Current
₹21.1B
/
Mar 2026
₹630.2m
=
33.5
Forward
₹21.1B
/
Mar 2027
₹862.5m
=
24.5
Forward
₹21.1B
/
Mar 2028
₹1.1B
=
19.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Protean eGov Technologies Ltd
BSE:544021
21.3B INR 34.3 23.6
US
International Business Machines Corp
NYSE:IBM
230.2B USD 25.2 21.8
IE
Accenture PLC
NYSE:ACN
121.1B USD 10.5 15.9
IN
Tata Consultancy Services Ltd
NSE:TCS
8.7T INR 12.7 18.3
IN
Infosys Ltd
NSE:INFY
5.1T INR 13.5 18.2
JP
Fujitsu Ltd
TSE:6702
6.3T JPY 16.9 13.2
IN
HCL Technologies Ltd
NSE:HCLTECH
3.6T INR 14.9 21.7
JP
NEC Corp
TSE:6701
5.7T JPY 17.8 23.1
JP
NTT Data Corp
TSE:9613
5.6T JPY 21.1 39.1
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 21 38.8
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
28.9B USD 8.3 13

Market Distribution

In line with most companies in India
Percentile
70th
Based on 2 572 companies
70th percentile
34.3
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Protean eGov Technologies Ltd
Glance View

Market Cap
21.4B INR
Industry
Technology

Protean eGov Technologies Ltd is a IN-based company operating in IT Services industry. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-11-13. Protean eGov Technologies Ltd is an India-based Information technology (IT)-enabled solutions company. The company is engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government creates digital public infrastructure and developing citizen-centric e-governance solutions. The firm has managed 19 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services. The Company’s diversified service offerings are spread across sectors such as tax administration, pension record keeping solutions, national identity and identity authentication solutions, education and skill financing solutions. Its offerings cater to multiple target groups and customer segments including businesses and retail consumers. Through its business-to-government services, it offers services like Tax Information Network (TIN) System, and National Pension Scheme (NPS).

PROTEAN Intrinsic Value
676.55 INR
Undervaluation 22%
Intrinsic Value
Price
P
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