Subex vs Protean eGov vs Signpost India: Which Stock Should You Track
- October 6, 2026
- Posted by: Lakshit Sharma
- Category: Market
Subex PE 36.26, mkt cap Rs 1,083 crore. Protean eGov Technologies PE 31.54, mkt cap Rs 2,606 crore. Signpost India PE 19.05, mkt cap Rs 1,402 crore.
Quick Answer
Subex vs Protean eGov Technologies vs Signpost India is a side-by-side comparison of three companies from the Software and Digital Platforms space. On this comparison, Subex carries a market capitalisation of about Rs 1,083 crore against Rs 2,606 crore for Protean eGov Technologies and Rs 1,402 crore for Signpost India, with return on equity of 9.36%, 9.34% and 24.37% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Subex vs Protean eGov Technologies vs Signpost India starts with the core numbers most investors compare within the Software and Digital Platforms segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Software and Digital Platforms bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Subex, Protean eGov Technologies and Signpost India: Company Overview
Subex is a listed Indian company in the Software and Digital Platforms space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Protean eGov Technologies is a listed Indian company in the Software and Digital Platforms space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Signpost India is a listed Indian company in the Software and Digital Platforms space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Subex vs Protean eGov Technologies vs Signpost India: Valuation and Profitability Snapshot
| Metric | Subex | Protean eGov Technologies | Signpost India |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,083 crore | Rs 2,606 crore | Rs 1,402 crore |
| PE Ratio (TTM) | 36.26 | 31.54 | 19.05 |
| PB Ratio | 3.12 | 2.42 | 4.87 |
| Return on Equity (ROE) | 9.36% | 9.34% | 24.37% |
| EPS (TTM, Rs) | 0.53 | 20.26 | 13.77 |
| Dividend Yield | 0.00% | 1.56% | 0.19% |
| Debt to Equity | 0.08 | 0.08 | 0.71 |
| Book Value per Share (Rs) | 6.17 | 264.23 | 53.82 |
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On valuation, Subex trades at a PE of 36.26 and a PB of 3.12, Protean eGov Technologies at a PE of 31.54 and a PB of 2.42, while Signpost India trades at a PE of 19.05 and a PB of 4.87. On return on equity, the three post 9.36%, 9.34% and 24.37% respectively, and on dividend yield they stand at 0.00%, 1.56% and 0.19%.
Subex vs Protean eGov Technologies vs Signpost India: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Subex | Rs 84.14 crore | Rs 14.22 crore | +2.3% | +4.6% |
| Protean eGov Technologies | Rs 266.36 crore | Rs 5.86 crore | +11.3% | -17.5% |
| Signpost India | Rs 153.07 crore | Rs 18.66 crore | +10.3% | -6.3% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three software and digital platforms names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Subex vs Protean eGov Technologies vs Signpost India highlights how differently three companies in the same software and digital platforms segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Subex vs Protean eGov Technologies vs Signpost India
What is the market cap difference between Subex, Protean eGov Technologies and Signpost India?
Ans. As of September 2026, Subex has a market cap of approximately Rs 1,083 crore, Protean eGov Technologies is at approximately Rs 2,606 crore, and Signpost India is at approximately Rs 1,402 crore.
Which of the three has the highest PE ratio?
Ans. Among Subex, Protean eGov Technologies and Signpost India, the PE ratios stand at 36.26, 31.54 and 19.05 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Subex, Protean eGov Technologies and Signpost India post ROE of 9.36%, 9.34% and 24.37% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Subex, Protean eGov Technologies and Signpost India carry dividend yields of 0.00%, 1.56% and 0.19% respectively.
What is the debt to equity ratio for Subex, Protean eGov Technologies and Signpost India?
Ans. Subex carries a debt to equity of 0.08, Protean eGov Technologies of 0.08, and Signpost India of 0.71.
Which of the three trades at the highest price to book value?
Ans. Subex, Protean eGov Technologies and Signpost India trade at price to book ratios of 3.12, 2.42 and 4.87 respectively.
Is one of Subex, Protean eGov Technologies or Signpost India better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.