Protean eGov Technologies (BOM:544021) Days Payable: 57.33 (As of Mar. 2026) — 34% Below Median

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BOM:544021 Protean eGov Technologies Ltd BOM:544021
51 GF Score
Price ₹616.65
GF Value ₹1,388.54
Valuation Possible Value Trap
! 4 Warning Signs
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What is Protean eGov Technologies Days Payable?

Protean eGov Technologies BOM:544021 -0.48% 51 Days Payable is 57.33 as of Mar. 2026, which is 34% below its 10-year median of 87.25. GuruFocus rates BOM:544021 with a GF Score™ of 51/100 and a GF Value™ of ₹1,388.54 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,611 Software companies, Protean eGov Technologies ranks better than 52.24% on this metric.

Protean eGov Technologies's average Accounts Payable for the three months ended in Mar. 2026 was ₹1,361 Mil. Protean eGov Technologies's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,167 Mil. Hence, Protean eGov Technologies's Days Payable for the three months ended in Mar. 2026 was 57.33.

The historical rank and industry rank for Protean eGov Technologies's Days Payable or its related term are showing as below:

BOM:544021' s Days Payable Range Over the Past 10 Years
Min: 56.37   Med: 87.25   Max: 95.54
Current: 56.37

During the past 6 years, Protean eGov Technologies's highest Days Payable was 95.54. The lowest was 56.37. And the median was 87.25.

BOM:544021's Days Payable is ranked better than
52.24% of 2611 companies
in the Software industry
Industry Median: 52.64 vs BOM:544021: 56.37

Protean eGov Technologies's Days Payable increased from Mar. 2025 (56.07) to Mar. 2026 (57.33). It may suggest that Protean eGov Technologies delayed paying its suppliers.


Protean eGov Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Protean eGov Technologies's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Protean eGov Technologies Days Payable Chart

Protean eGov Technologies Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 87.75 95.54 86.75 63.06 57.73

Protean eGov Technologies Quarterly Data
Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.07 54.61 51.33 59.79 57.33

BOM:544021 vs IBM, ACN, FISV: Days Payable Comparison

For the Information Technology Services subindustry, Protean eGov Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Protean eGov Technologies Days Payable vs Software Industry

For the Software industry and Technology sector, Protean eGov Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Protean eGov Technologies's Days Payable falls into.


BOM:544021
51GF Score
Protean eGov Technologies Ltd BOM:544021
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Protean eGov Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Protean eGov Technologies's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (1033 + 1361.3) / 2 ) / 7569.4*365
=1197.15 / 7569.4*365
=57.73

Protean eGov Technologies's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 1361.3) / 1 ) / 2166.9*365 / 4
=1361.3 / 2166.9*365 / 4
=57.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 57.33 mean?
Protean eGov Technologies (BOM:544021) has a Days Payable of 57.33 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Protean eGov Technologies and its competitors. This is 34% below median its historical median of 87.25. Over the past decade, Protean eGov Technologies' Days Payable has ranged from 56.37 to 95.54. According to the industry distribution chart, Protean eGov Technologies ranks #1247 out of 2611 companies in the Software industry, placing it in the top 47.8%.
Is Protean eGov Technologies' Days Payable too high?
Protean eGov Technologies' current Days Payable of 57.33 is 34% below median its 10-year median of 87.25. Over the past 10 years, this metric has ranged from a low of 56.37 to a high of 95.54. The Software industry median Days Payable is 52.64. Protean eGov Technologies' value of 57.33 is 8.9% above this industry median. Based on the distribution chart, Protean eGov Technologies ranks #1247 out of 2611 companies in the Software industry, which is above the industry midpoint. Overall, Protean eGov Technologies has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Protean eGov Technologies' Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Protean eGov Technologies ranks #1247 out of 2611 companies for Days Payable. This puts Protean eGov Technologies in the upper half of its industry. The industry median Days Payable is 52.64. Protean eGov Technologies' value of 57.33 is 8.9% above this benchmark. Historically, Protean eGov Technologies' own Days Payable has ranged from 56.37 to 95.54 over the past decade. While the company's 10-year median is 87.25 vs. the industry median of 52.64, Protean eGov Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 52.64, based on 2,611 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Protean eGov Technologies's current Days Payable of 57.33 is 8.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Protean eGov Technologies and its competitors. For the Software industry, the median Days Payable is 52.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Protean eGov Technologies's current Days Payable is 57.33, which is 34% below median its own 10-year median of 87.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Protean eGov Technologies stock overvalued right now?
Based on GuruFocus' analysis, Protean eGov Technologies (BOM:544021) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,388.54, compared to a current price of ₹616.65 — trading 55.6% below its estimated fair value. The current Days Payable is 57.33, which is 34% below median its 10-year median of 87.25 and 8.9% above the Software industry median of 52.64. Protean eGov Technologies' overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Protean eGov Technologies (BOM:544021), the current Days Payable is 57.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Protean eGov Technologies (BOM:544021) Overvalued in 2026?

Based on GuruFocus' analysis, Protean eGov Technologies stock appears to be undervalued. The current stock price of ₹616.65 is trading 55.6% below its estimated GF Value™ of ₹1,388.54. GuruFocus considers Protean eGov Technologies to be Possible Value Trap.

Key valuation signals for BOM:544021:

  • Days Payable: 57.33 (34% below median its 10-year median of 87.25)
  • GF Value™: ₹1,388.54 vs. price of ₹616.65 (55.6% below fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 8.9% above the Software median (#1247 of 2611)

No single metric tells the full story. See the BOM:544021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Protean eGov Technologies Business Description

Other Exchanges PROTEAN:India
Address Senapati Bapat Marg, Times Tower, 1st Floor, Kamala Mills Compound, Lower Parel, Mumbai, MH, IND, 400013
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.
51GF Score

Get the complete analysis for BOM:544021

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹616.65
Price
₹1,388.54
GF Value