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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.
1995
713
LTM Revenue $102M
LTM EBITDA $11.3M
$351M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Protean has a last 12-month revenue (LTM) of $102M and a last 12-month EBITDA of $11.3M.
In the most recent fiscal year, Protean achieved revenue of $97.3M and an EBITDA of $17.2M.
Protean expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Protean valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $102M | XXX | $97.3M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $22.5M | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $11.3M | XXX | $17.2M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 18% | XXX | XXX | XXX |
| EBIT | $7.2M | XXX | $6.1M | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $11.7M | XXX | $10.7M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of July 30, 2025, Protean's stock price is INR 805 (or $9).
Protean has current market cap of INR 32.6B (or $378M), and EV of INR 30.3B (or $351M).
See Protean trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $351M | $378M | XXX | XXX | XXX | XXX | $0.29 |
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Start Free TrialAs of July 30, 2025, Protean has market cap of $378M and EV of $351M.
Protean's trades at 3.6x EV/Revenue multiple, and 20.1x EV/EBITDA.
Equity research analysts estimate Protean's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Protean has a P/E ratio of 32.2x.
See valuation multiples for Protean and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $378M | XXX | $378M | XXX | XXX | XXX |
| EV (current) | $351M | XXX | $351M | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 31.1x | XXX | 20.1x | XXX | XXX | XXX |
| EV/EBIT | 48.5x | XXX | 55.2x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 32.2x | XXX | 34.9x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 26.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialProtean's last 12 month revenue growth is 10%
Protean's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $23K for the same period.
Protean's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Protean's rule of X is 35% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Protean and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 27% | XXX | -13% | XXX | XXX | XXX |
| Rule of 40 | 27% | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $23K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| COSOL | 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 acquired XXX companies to date.
Last acquisition by Protean was XXXXXXXX, XXXXX XXXXX XXXXXX . Protean acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Protean founded? | Protean was founded in 1995. |
| Where is Protean headquartered? | Protean is headquartered in India. |
| How many employees does Protean have? | As of today, Protean has 713 employees. |
| Who is the CEO of Protean? | Protean's CEO is Mr. Suresh Sethi. |
| Is Protean publicy listed? | Yes, Protean is a public company listed on BOM. |
| What is the stock symbol of Protean? | Protean trades under 544021 ticker. |
| When did Protean go public? | Protean went public in 2023. |
| Who are competitors of Protean? | Similar companies to Protean include e.g. Ctac, Mastech Digital, Atturra, Bravura Solutions. |
| What is the current market cap of Protean? | Protean's current market cap is $378M |
| What is the current revenue of Protean? | Protean's last 12 months revenue is $102M. |
| What is the current revenue growth of Protean? | Protean revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Protean? | Current revenue multiple of Protean is 3.4x. |
| Is Protean profitable? | Yes, Protean is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Protean? | Protean's last 12 months EBITDA is $11.3M. |
| What is Protean's EBITDA margin? | Protean's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Protean? | Current EBITDA multiple of Protean is 31.1x. |
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