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Dev Information Technology Ltd (DEVIT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543462 NSE: DEVIT IT - Software | Small Cap | Dev Information Tech Share Price

₹19.81 -1.10 (-5.26%)

As on 07-Oct'26 16:01

Dev Information Technology Ltd (DEVIT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543462 NSE: DEVIT IT - Software | Small Cap | Dev Information Tech Share Price

₹19.81 -1.10 (-5.26%)

As on 07-Oct'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹119 Cr.
Current Price
₹19.8
52-Week Low / High
₹20 / 48
TTM EPS
₹13.3
TTM Sales
₹191 Cr.
Book Value per Share
₹19.3
P/E Ratio
1.57
Lower than its 5-year historical median
Industry PE
20.1
Price to Book (P/B)
1.08
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
19.77
Lower than its 5-year historical median
Dividend Yield
0.5%
Profitability Efficiency
Return on Equity (ROE)
85.80%
Outperforms industry median
Return on Capital Employed (ROCE)
86.51%
Outperforms industry median
Return on Assets (ROA)
48.80%
Operating Profit Margin
2.3%
Net Profit Margin
39.89%
Gross Profit Margin
2.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.54%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-69.08%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
411.5%
Asset Quality
Promoter Holding
41.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹99 Cr.
Equity
₹11.4 Cr.
Face Value
₹2
All Time Low / High
₹20.27 / 76.40

Dev Information Technology stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Dev Information Technology Ltd a good quality company?
Dev Information Technology Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Dev Information Technology Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dev Information Technology Ltd vs industry peers?
Dev Information Technology Ltd revenue CAGR is 17.49%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Dev Information Technology Ltd?
Promoters hold 41.58% of the Dev Information Technology Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Dev Information Technology Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -30.43% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dev Information Technology Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ27.8%22.5%21%11.5%2.9%10.8%25.9%22.1%26.5%86.2%-
Value Creation
Index ⓘ
1.00.60.5-0.2-0.8-0.20.90.60.95.2-

Growth Parameters ⓘ

Sales ⓘ56.5677166.184.399122157151162159
Sales YoY Gr.-18.5%6%-6.9%27.5%17.4%23.2%29%-4.2%7.5%-
Adj EPS ⓘ1.81.61.40.90.30.821.51.31.613
YoY Gr.--15.3%-12.3%-33.8%-64.4%143.8%159%-23.8%-18.2%27%-
BVPS (₹) ⓘ1011.513.414.814.615.419.19.912.619.319.3
Adj Net
Profit ⓘ
33.4320.71.74.58.77.1974
Cash Flow from Ops. ⓘ2.8-2.94.97.65.54.7-0.9-0.8-9.3-4.9-
Debt/CF from Ops. ⓘ2.8-3.121.422-7.5-14.4-1.7-5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ12.4%14%9.9%7.5%
Adj EPS ⓘ-1.5%38%-7.5%27%
BVPSⓘ7.6%5.7%0.3%53.1%
Share Price - -30.4% -28.2% -52%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
21.916.410.96.42.25.211.717.711.29.967.1
Op. Profit
Mgn % ⓘ
11.311.99.96.54.95.55.18.16.61.80.7
Net Profit
Mgn % ⓘ
5.25.14.230.81.73.75.54.75.646.4
Debt to
Equity ⓘ
0.50.40.30.30.30.30.20.20.20.2-
Working Cap
Days ⓘ
16818418919415715013211917320689
Cash Conv.
Cycle ⓘ
445480947865728412414143

Valuation of Dev Information Tech - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6470766985100124164171190
Operating Expenses > ⓘ + 586168648295117150160186
Manufacturing Costs0000001111
Material Costs37373225424461716685
Employee Cost 16182832354551728589
Other Costs > ⓘ 46775656812
Operating Profit > ⓘ 698525714103
Operating Profit Margin (%) 9.9%12.3%10.3%7.0%2.7%4.8%5.5%8.4%6.1%1.7%
Other Income > ⓘ + 10011172134
Exceptional Items > ⓘ 00220000094
Interest > ⓘ 2221111133
Depreciation > ⓘ 1222221133
Profit Before Tax > ⓘ 46740211121895
Tax > ⓘ 122-00223319
Profit After Tax 3444-0-0991576
PAT Margin (%) 4.7%5.7%5.8%5.5%-0.4%-0.1%7.3%5.8%8.7%39.9%
Adjusted EPS (₹)0.70.70.80.7-0.00.01.61.72.613.4
Dividend Payout Ratio (%)6.80%7.20%6.30%7.50%-147.90%570.30%6.20%6.10%3.80%0.70%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 162630332833415569108
Share Capital ⓘ 4.035.525.525.525.5211.0411.0611.2411.2711.27
Reserves ⓘ 12202428222230445796
Debt +7811101097121827
Long Term Debt21421144711
Short Term Debt477899381216
Minority Interest00000-0030-0
Trade Payables171799131812101926
Others Liabilities ⓘ 33651077151628
Total Liabilities ⓘ 4354565862666895122188

Fixed Assets

Net Fixed Assets ⓘ +991412101014222323
Gross Block13142121222328394343
Accumulated Depreciation4679111314172020
CWIP ⓘ 0000011344
Investments ⓘ 00054333448
Inventories5766955676
Trade Receivables20262022223135517591
Cash Equivalents 578611115626
Others Assets ⓘ 45976643710
Total Assets ⓘ 4354565862666895122188
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 6-37566-2-1-9-2
PBT ⓘ 46740211121895
Adjustment ⓘ 233444-42-6-86
Changes in Working Capital ⓘ -1-111-1-12-9-12-17-7
Tax Paid ⓘ 00-4-22-2-0-3-4-5
Cash Flow From Investing Activity ⓘ + -6-1-7-7-0-2-1-29-1
Capex -6-1-7-3-1-2-6-2-5-2
Net Investments 0-00-5-006012-0
Others ⓘ 00000-1-1-022
Cash Flow From Financing Activity ⓘ + -1601-1-3-44-27
Net Proceeds from Shares ⓘ 0600000100
Net Proceeds from Borrowing ⓘ 0000000034
Interest Paid ⓘ -2-2-2-1-1-1-1-1-3-3
Dividend Paid ⓘ -0-0-0-0-0-0-1-1-1-1
Others ⓘ 02230-1-25-17
Net Cash Flow ⓘ -120-241-71-14
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.0518.8115.6912.01-1.23-0.2324.3419.6223.8985.8
ROCE (%)28.6224.2521.7812.182.556.7427.7723.7726.6486.51
Asset Turnover Ratio1.721.431.371.21.411.551.852.011.571.22
PAT to CFO Conversion(x)2-0.751.751.25N/AN/A-0.22-0.11-0.6-0.03
Working Capital Days
Receivable Days104.20122.20110.60109.8093.8096.8097.1096.30134.50159.40
Inventory Days22.7029.3029.5030.3030.8024.3014.2012.6014.6013.30
Payable Days134.20168147.50135.7099128.1090.4058.1081.2097.70

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Announcements

Dev Information Technology Ltd FAQs

The current trading price of Dev Information Tech on 07-Oct-2026 16:01 is ₹19.81.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Oct-2026 the market cap of Dev Information Tech stood at ₹119.2 Cr

The latest P/E ratio of Dev Information Tech as of 06-Oct-2026 is 1.61.

The latest P/B ratio of Dev Information Tech as of 06-Oct-2026 is 1.08.

The 52-week high of Dev Information Tech is ₹48.00 and the 52-week low is ₹20.27.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dev Information Tech is ₹159 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dev Information Technology Ltd is a average quality company.

The key valuation ratios of Dev Information Technology Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dev Information Technology Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Dev Information Technology Ltd

Dev Information Technology (DEV IT) stands at the forefront of innovation, delivering comprehensive IT solutions and services under one roof. Founded in 1997, the company is a trusted industry leader offering reliable, scalable, and secure AI-powered IT solutions that empower digital transformation. DEV IT is a one-stop solution for digital transformation; it provides everything from cloud solutions and business applications to managed IT and custom software development, driving organizational agility, efficiency, and future readiness. DEV IT helps mid-market companies modernize operations with Microsoft Dynamics 365, strengthen their security posture, and unlock insights with power BI.

Business area of the company 

DEV IT is engaged in the business of providing IT enabled services in the domestic as well as the international market.

Products

  • Talligence 
  • ByteSIGNER

Services

  • Cloud Services
  • Digital Transformation
  • Enterprise Applications
  • Managed IT Services
  • Application Development

Awards

2019

  • GESIA Best SI Managed Services Provider Award by GESIA IT
  • GESIA Torch Bearers of Gujarat IT Industry by GESIA IT Association
  • Channel World India Premier 100 Awards
  • SKOCH Achiever Order-of-Merit Award for being Top 100
  • ISODA Best Partner of Business Excellence
  • TECHPLUS MEDIA Most Impactful Regional Leader Award

2020

  • CRN Excellence Award Channel Leadership Summit
  • TechPlus Media Virtual 11th Partner Leadership Summit & Awards
  • TechPlus Media 5th ISV Virtual Summit
  • ISODA Best Partner of Business Excellence Award

2021

  • HR Excellence Awards Best organizational prectices in Employee Realations & Pandemic Responses
  • Star Night Awards Best Solution Partner
  • SME Channels Super Hero Award
  • Microsoft Cloud Champion tech disruptors
  • Channel World India Premier 100 Award, Resilient 100
  • SME Channels Cloud Evangelists Awards, ISV of India

2022

  • SME Channels Award Accelerator in Digital Transformation
  • CRN Excellence Award Document Management Solution
  • Channel World India Premier 100 awards
  • HR Excellence Awards Best practices in Employee Relations and Pandemic Responses
  • IAMCP P2P Award for the APAC Region

2023

  • CRN Excellence Award Blockchain IP Creation
  • Microsoft Cloud Champions 11 Season 3

2024

  • The Gavriella Schuster IAMCP D&I Partner of the Year Rising Star (Enterprise)
  • SME Channels MSP India Summit and Awards for IT as Service
  • Star Night Awards Best MSP Award for IT as Service

Milestones

  • 1997: Foundation of the company as a Microsoft ISV partner in the state of Gujarat
  • 2000: Got accreditation as a Total Solution Provider with the Government of Gujarat (IN)
  • 2010: Expanded into Managed IT Services and Custom Software Solutions by acquiring a local IT company
  • 2012: Established Dev Info-Tech NA Ltd in Canada as a fully-owned subsidiary and expanded the geo footprint
  • 2016: Strategically acquired a software development business unit of an IT company thus making the Custom Software Solutions arm stronger
  • 2017: Got public listed on NSE: EMERGE; a platform that allows SMEs to connect with investors
  • 2018: Successfully ventured DevX; a managed co-working business and a start-up accelerator
  • 2020: Chartered and established a Cloud Center of Excellence (CCoE) during the COVID year
  • 2021: Launched its flagship products, TALLIGENCE and ByteSIGNER
  • 2022: Migrated away from NSE: EMERGE to the main boards of NSE and BSE
  • 2022: Acquired Minddeft, a specialized Blockchain development company
  • 2023: DEV IT’s acquisition of Dhyey Consulting enhances its Microsoft Dynamics 365 offerings, boosting business decision making and efficiency.
  • 2023: Lilikoi Technologies – a USA based IoT ecosystem company acquires majority stake in DEV IT
  • 2024: DEV IT launches advanced cybersecurity solutions to meet global business demands
  • 2024: DEV IT announces interim and final dividend distribution

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