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Protean eGov Technologies (BOM:544021) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Protean eGov Technologies Quick Ratio Related Terms
Protean eGov Technologies Quick Ratio Historical Data
* 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.
BOM:544021 vs IBM, ACN, FISV: Quick Ratio Comparison
For the Information Technology Services subindustry, Protean eGov Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Software Industry
For the Software industry and Technology sector, Protean eGov Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Protean eGov Technologies's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Protean eGov Technologies's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (BOM:544021) has a Quick Ratio of 2.00 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Protean eGov Technologies and its competitors. This is near median its historical median of 2.04. Over the past decade, Protean eGov Technologies' Quick Ratio has ranged from 1.79 to 3.08. According to the industry distribution chart, Protean eGov Technologies ranks #1198 out of 2876 companies in the Software industry, placing it in the top 41.7%.
Is Protean eGov Technologies' Quick Ratio too high?
Protean eGov Technologies' current Quick Ratio of 2.00 is near median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 3.08. The Software industry median Quick Ratio is 1.70. Protean eGov Technologies' value of 2.00 is 17.6% above this industry median. Based on the distribution chart, Protean eGov Technologies ranks #1198 out of 2876 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' Quick Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Protean eGov Technologies ranks #1198 out of 2876 companies for Quick Ratio. This puts Protean eGov Technologies in the upper half of its industry. The industry median Quick Ratio is 1.70. Protean eGov Technologies' value of 2.00 is 17.6% above this benchmark. Historically, Protean eGov Technologies' own Quick Ratio has ranged from 1.79 to 3.08 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 1.70, 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 Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,876 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Protean eGov Technologies's current Quick Ratio of 2.00 is 17.6% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Protean eGov Technologies and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Protean eGov Technologies's current Quick Ratio is 2.00, which is near median its own 10-year median of 2.04. 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 Quick Ratio is 2.00, which is near median its 10-year median of 2.04 and 17.6% above the Software industry median of 1.70. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Protean eGov Technologies (BOM:544021), the current Quick Ratio is 2.00 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:
Quick Ratio: 2.00 (near median its 10-year median of 2.04)
GF Value™: ₹1,388.54 vs. price of ₹616.65 (55.6% below fair value)
Industry Position: 17.6% above the Software median (#1198 of 2876)
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 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
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