This small-cap IT Stock, engaged in engaged in developing, implementing, and maintaining large-scale digital public infrastructure solutions for citizen-centric services across various government and financial sectors, jumped 6 percent after receiving an order worth Rs. 100 crore from the Bima Sugam India Federation (BSIF).
With a market capitalization of Rs. 3,987.11 crores, the share of Protean eGov Technologies Limited has reached an intraday high of Rs. 1,009 per equity share, rising nearly 6.03 percent from its previous day’s close price of Rs. 951.65. Since then, the stock has retreated and is currently trading at Rs. 983.30 per equity share.
Protean eGov Technologies Limited has received a major work order worth approximately Rs. 100 crore from the Bima Sugam India Federation (BSIF) on June 9, 2025. BSIF is a not-for-profit body made up of key members from the Indian insurance industry. The order was won through a competitive RFP process.
Under this project, Protean will act as the Technology Solution Provider for Bima Sugam, a large-scale digital platform aimed at creating a unified marketplace for insurance products and services across India.
It will be responsible for developing, implementing, supporting, and maintaining the platform over the next 72 months. This deal strengthens Protean’s role in building India’s digital infrastructure for public services.
Protean eGov Technologies Limited was established in 1995 and is a prominent Indian technology company specializing in the design, development, and management of large-scale digital public infrastructure projects. The company is recognized for enabling critical, citizen-centric digital systems at a national scale, supporting various government and public sector initiatives.
Coming into financial highlights, Protean eGov Technologies Limited’s revenue remained unchanged at Rs. 222 crore from Q4 FY24 to Q4 FY25. The net profit has also grown by 5.26 percent, from Rs. 19 crore in Q4 FY24 to Rs. 20 crore in Q4 FY25. Its revenue has grown at a CAGR of 6.77 percent over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 12 percent and 9.61 percent, respectively. Protean eGov Technologies Limited has an earnings per share (EPS) of Rs. 22.8, and its debt-to-equity ratio is 0.07x.
Written By – Nikhil Naik
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