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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: 523.75 INR 2% Market Closed
Market Cap: ₹21.3B

EV/EBITDA

20.7
Current
61%
Cheaper
vs 3-y median of 53.6

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

EV/EBITDA
20.7
=
Enterprise Value
₹21.1B
/
EBITDA
₹899.6m

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

EV/EBITDA
20.7
=
Enterprise Value
₹21.1B
/
EBITDA
₹899.6m

Valuation Scenarios

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

If EV/EBITDA returns to its 3-Year Average (53.6), the stock would be worth ₹1 353.33 (158% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-20%
Maximum Upside
+158%
Average Upside
71%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 20.7 ₹523.75
0%
3-Year Average 53.6 ₹1 353.33
+158%
5-Year Average 53.6 ₹1 353.33
+158%
Industry Average 16.6 ₹419.27
-20%
Country Average 17.7 ₹446.04
-15%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹21.1B
/
Jan 2026
₹899.6m
=
20.7
Current
₹21.1B
/
Mar 2026
₹1.4B
=
15.4
Forward
₹21.1B
/
Mar 2027
₹1.6B
=
13.6
Forward
₹21.1B
/
Mar 2028
₹1.7B
=
12.6
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Protean eGov Technologies Ltd
BSE:544021
21.3B INR 20.7 23.5
US
International Business Machines Corp
NYSE:IBM
226B USD 16.9 21.4
JP
BrainPad Inc
TSE:3655
20.9T JPY 37.9 551.4
IE
Accenture PLC
NYSE:ACN
123B USD 8.6 16.1
IN
Tata Consultancy Services Ltd
NSE:TCS
8.6T INR 11.6 18.1
IN
Infosys Ltd
NSE:INFY
5.1T INR 11.9 18.2
IN
HCL Technologies Ltd
NSE:HCLTECH
3.6T INR 12.6 21.8
JP
Fujitsu Ltd
TSE:6702
5.9T JPY 11.3 12.3
JP
NTT Data Corp
TSE:9613
5.6T JPY 9.9 39.1
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 9.9 38.8
JP
NEC Corp
TSE:6701
5.5T JPY 11.5 22.4

Market Distribution

In line with most companies in India
Percentile
57th
Based on 2 785 companies
57th percentile
20.7
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Protean eGov Technologies Ltd
Glance View

Market Cap
21.3B 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 23%
Intrinsic Value
Price
P
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