🏛️ Protean eGov Q4 FY25: ₹2,389 Cr Revenue, ₹210 Cr Profit – This ₹1,057 Tech PSU Is a Premium Data Play Hiding in Plain Sight

Author: Prashant Marathe
Date Published: May 21, 2025

🧾 At a Glance

• Total Income (Q4): ₹2,389.70 Cr
• Net Profit (Q4): ₹210.50 Cr
• EPS (Q4): ₹5.20
• CMP: ₹1,057
• EduFair Value: ₹1,050–₹1,150
  👉 Verdict: A PSU for the digital decade. But priced like a premium tech stock.

🏢 About the Company

Protean eGov Technologies Ltd (formerly NSDL e-Gov) is the digital infrastructure PSU that powers:

• Aadhaar issuance
• PAN card systems
• National Pension Scheme (CRA)
• Tax filing back-ends

This is the invisible backend of Indian governance — secure, scalable, and run with clockwork precision.

📊 FY25 Performance