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Protean eGov Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for Protean eGov Technologies and similar public comparables like Redcentric, Network People Services, Cyient DLM, Trifork Group and more.
Protean eGov Technologies Overview
About Protean eGov Technologies
Protean eGov Technologies Ltd is engaged in providing Information Technology (IT) enabled e-Governance services. It works on tax modernization, open digital ecosystems, and social security-related projects. It offers citizen services, e-governance solutions, system integration, business process re-engineering, data center co-location, and IT consulting services for citizens, corporations, and the government. Some of the projects that the company works on include the acceptance and processing of PAN applications, e-KYC, GST verification, PAN verification, and others. Geographically, the company currently offers its services only in India.
Founded
1995
HQ

Employees
742
Website
Sectors
Financials (LTM)
EV
$238M
Protean eGov Technologies Financials
Protean eGov Technologies reported last 12-month revenue of $102M and EBITDA of $11M.
In the same LTM period, Protean eGov Technologies generated $11M in EBITDA and $11M in net income.
Revenue (LTM)
Protean eGov Technologies P&L
In the most recent fiscal year, Protean eGov Technologies reported revenue of $98M and EBITDA of $16M.
Protean eGov Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $102M | XXX | $98M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $37M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $11M | XXX | $16M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $11M | XXX | $11M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Protean eGov Technologies Stock Performance
Protean eGov Technologies has current market cap of $265M, and enterprise value of $238M.
Market Cap Evolution
Protean eGov Technologies' stock price is $6.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $238M | $265M | 0.4% | XXX | XXX | XXX | $0.26 |
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Start Free TrialProtean eGov Technologies Valuation Multiples
Protean eGov Technologies trades at 2.3x EV/Revenue multiple, and 20.9x EV/EBITDA.
EV / Revenue (LTM)
Protean eGov Technologies Financial Valuation Multiples
As of March 7, 2026, Protean eGov Technologies has market cap of $265M and EV of $238M.
Equity research analysts estimate Protean eGov Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Protean eGov Technologies has a P/E ratio of 24.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $265M | XXX | $265M | XXX | XXX | XXX |
| EV (current) | $238M | XXX | $238M | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 20.9x | XXX | 14.7x | XXX | XXX | XXX |
| EV/EBIT | 35.2x | XXX | 34.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.4x | XXX | XXX | XXX |
| P/E | 24.5x | XXX | 24.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 15.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Protean eGov Technologies Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Protean eGov Technologies Margins & Growth Rates
Protean eGov Technologies' revenue in the last 12 month grew by 18%.
Protean eGov Technologies' revenue per employee in the last FY averaged $0.1M.
Protean eGov Technologies' rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Protean eGov Technologies' rule of X is 57% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Protean eGov Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | (28%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Protean eGov Technologies Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Redcentric | XXX | XXX | XXX | XXX | XXX | XXX |
| Network People Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Cyient DLM | XXX | XXX | XXX | XXX | XXX | XXX |
| Trifork Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acer E-Enabling Service | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Protean eGov Technologies M&A Activity
Protean eGov Technologies acquired XXX companies to date.
Last acquisition by Protean eGov Technologies was on XXXXXXXX, XXXXX. Protean eGov Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Protean eGov Technologies
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialProtean eGov Technologies Investment Activity
Protean eGov Technologies invested in XXX companies to date.
Protean eGov Technologies made its latest investment on XXXXXXXX, XXXXX. Protean eGov Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Protean eGov Technologies
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Protean eGov Technologies
| When was Protean eGov Technologies founded? | Protean eGov Technologies was founded in 1995. |
| Where is Protean eGov Technologies headquartered? | Protean eGov Technologies is headquartered in India. |
| How many employees does Protean eGov Technologies have? | As of today, Protean eGov Technologies has over 742 employees. |
| Who is the CEO of Protean eGov Technologies? | Protean eGov Technologies' CEO is Suresh Sethi. |
| Is Protean eGov Technologies publicly listed? | Yes, Protean eGov Technologies is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Protean eGov Technologies? | Protean eGov Technologies trades under PROTEAN ticker. |
| When did Protean eGov Technologies go public? | Protean eGov Technologies went public in 2023. |
| Who are competitors of Protean eGov Technologies? | Protean eGov Technologies main competitors are Redcentric, Network People Services, Cyient DLM, Trifork Group. |
| What is the current market cap of Protean eGov Technologies? | Protean eGov Technologies' current market cap is $265M. |
| What is the current revenue of Protean eGov Technologies? | Protean eGov Technologies' last 12 months revenue is $102M. |
| What is the current revenue growth of Protean eGov Technologies? | Protean eGov Technologies revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Protean eGov Technologies? | Current revenue multiple of Protean eGov Technologies is 2.3x. |
| Is Protean eGov Technologies profitable? | Yes, Protean eGov Technologies is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Protean eGov Technologies? | Protean eGov Technologies' last 12 months EBITDA is $11M. |
| What is Protean eGov Technologies' EBITDA margin? | Protean eGov Technologies' last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Protean eGov Technologies? | Current EBITDA multiple of Protean eGov Technologies is 20.9x. |
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