MarketFriction

Dev Information Technology Ltd

NSE DEVIT · BSE 543462 · IT Enabled Services
₹20.75 -5.08%
NSE close2026-10-01
52 week range21.06 - 44.44
Market cap₹124 Cr.
P/E22.2
Price band 20% Delivery 66.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales27.9531.7443.4435.4635.9447.7151.5542.9948.5144.1453.8744.13
Expenses25.9029.2937.2429.6737.0244.7148.7939.4345.3750.5150.9640.79
Operating Profit2.052.456.205.79-1.083.002.763.563.14-6.372.913.34
OPM %7.33%7.72%14.27%16.33%-3.01%6.29%5.35%8.28%6.47%-14.43%5.40%7.57%
Other Income0.560.230.530.2712.310.440.230.4794.220.722.130.51
Interest0.350.330.400.520.990.510.580.540.710.540.980.72
Depreciation0.300.330.490.750.790.700.790.710.841.080.630.39
Profit before tax1.962.025.844.799.452.231.622.7895.81-7.273.432.74
Tax %15.82%15.35%26.54%22.34%14.07%18.39%29.63%21.22%24.98%2.20%-161.22%22.99%
Net Profit1.661.714.283.718.111.821.132.1871.88-7.428.962.11
EPS in Rs0.300.310.740.631.490.310.220.3712.75-1.291.610.37
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales476470786985100124164171190191
Expenses42576168648296117150160186188
Operating Profit569105347141033
OPM %10%10%12%12%7%3.1%3.6%6%8%6%1.7%1.6%
Other Income100121172139898
Interest122211111333
Depreciation112222211333
Profit before tax34674021112189595
Tax %36%33%28%35%-1%860%104%20%24%18%20%
Net Profit23444-0-099157676
EPS in Rs3.960.740.690.790.67-0.060.021.621.652.6413.4413.44
Dividend Payout %6%7%7%6%7%0%425%6%6%4%1%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%17%15%7%
Compounded Profit Growth-6%19%-37%-58%
Stock Price CAGR%10%-26%-47%
Return on Equity8%8%8%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.500.50466661111111111
Reserves81012202428272230445798
Borrowings8889111111107152031
Other Liabilities101219191514182419253449
Total Liabilities27314354565862666895122189
Fixed Assets44991412101014222327
CWIP000000011340
Investments0000054333448
Other Assets2227344542414753496792114
Total Assets27314354565862666895122189
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity126-37566-2-1-9-2
Cash from Investing Activity-0-0-6-1-7-7-0-2-1-29-1
Cash from Financing Activity-0-1-1601-1-3-44-27
Net Cash Flow00-120-241-71-24
Free Cash Flow010-4-0254-7-3-13-5
CFO/OP23%53%94%-32%74%135%125%227%-18%15%-46%73%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1141271171389211594114103114159175
Inventory Days1648466564837539307528
Days Payable9814216916713113611714674122113
Cash Conversion Cycle3132-7362563536596815990
Working Capital Days623320575153242255628280
ROCE %19%26%29%24%22%8%3%7%15%23%11%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.48%71.31%70.20%70.20%68.74%66.63%66.63%66.63%66.63%66.63%41.58%41.58%
FIIs0.00%0.00%0.00%0.00%1.45%1.48%0.45%0.33%0.33%0.33%0.33%0.33%
Public32.52%28.69%29.80%29.80%29.82%31.88%32.93%33.03%33.03%33.03%58.08%58.08%
No. of Shareholders7,1818,3038,4199,22914,10419,31720,45923,70634,02330,35929,49828,657

Fundamentals

Market Cap₹ 124 Cr.
Current Price₹ 21.6
Stock P/E22.2
Book Value₹ 19.4
ROCE3.46 %
ROE1.28 %
Dividend Yield0.46 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)-58%
Consolidated figures.
Valuation
Market capRs 119 Cr
Enterprise valueRs 144 Cr
P/E (TTM)1.58x
Price to book1.09x
Price to sales0.63x
EV / EBITDA1.43x
EV / EBIT1.47x
EV / sales0.75x
Earnings yield63.39%
Dividend yield0.47%
P/E, 3-year average8.26x
P/B, 3-year average1.55x
P/E, 5-year average62.39x
P/B, 5-year average1.50x
Profitability
Operating margin (excl. other income)1.70%
Operating margin (incl. other income)53.18%
EBITDA margin52.77%
Pre-tax margin49.68%
Net profit margin39.73%
Net margin, latest quarter4.69%
ROE85.17%
ROCE85.32%
ROA48.73%
ROE, 3-year average42.76%
ROCE, 3-year average44.93%
ROA, 3-year average24.60%
ROE, 5-year average30.56%
ROCE, 5-year average33.84%
ROA, 5-year average17.47%
ROIC (approx.)58.26%
Tax rate20.22%
Other income / net worth89.21%
Growth
Sales growth (latest year)11.10%
Profit growth (latest year)409.62%
Sales CAGR, 3 years15.14%
Sales CAGR, 5 years17.49%
Profit CAGR, 3 years103.67%
Sales growth QoQ-18.08%
Profit growth QoQ-77.23%
Sales growth YoY (latest quarter)2.65%
Profit growth YoY (latest quarter)-1.90%
Per share
EPS (TTM)Rs 13.15
EPS (latest quarter)Rs 0.36
EPS, 3-year averageRs 5.37
EPS, 5-year averageRs 3.73
Book value per shareRs 18.99
Sales per shareRs 33.11
Cash flow per shareRs -0.37
Free cash flow per shareRs -0.87
Dividend per share, 3-year averageRs 0.25
Dividend per share, 5-year averageRs 0.31
Dividends
Dividend payout0.74%
Dividend payout, 3-year average3.51%
Dividend payout, 5-year average87.95%
Efficiency
Asset turnover1.00x
Fixed asset turnover7.05x
Inventory turnover13.11x
Inventory days28 days
Debtor days175 days
Debtors turnover2.08x
Creditor days113 days
Cash conversion cycle90 days
Working capital days80 days
Leverage
Total debtRs 31 Cr
Cash and bankRs 6 Cr
Net debtRs 24 Cr
Debt to equity0.28x
Net debt / EBITDA0.24x
Interest coverage33.11x
Owners' fund to total sources57.88%
Debt to assets16.20%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -5 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years-0.07x
Statement figures
Net sales (TTM)Rs 191 Cr
Net sales (latest year)Rs 190 Cr
Sales (latest quarter)Rs 44 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 98 Cr
EBITDA (TTM)Rs 101 Cr
PBDT (TTM)Rs 98 Cr
Profit before tax (TTM)Rs 95 Cr
Tax (latest year)Rs 19 Cr
Net profit (TTM)Rs 76 Cr
Net profit (latest year)Rs 76 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 85 Cr
Total expenditure (latest year)Rs 186 Cr
Total income (latest year)Rs 287 Cr
Share capitalRs 11 Cr
ReservesRs 98 Cr
Shareholders' fundsRs 109 Cr
Total assetsRs 189 Cr
Net blockRs 27 Cr
InvestmentsRs 48 Cr
ReceivablesRs 91 Cr
InventoryRs 6 Cr
Other liabilitiesRs 49 Cr
Shares outstanding (crore)5.76
Ownership
Promoter holding41.58% (-25.05 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 1.6 is the lowest in its own 7.4-year history (median 23.7, low 1.6, high 41.8).
P/B 1.09 is the lowest in 9.4 years (median 4.16).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDEVITNifty 50Difference
1 week-8.1%-2.8% -5.4 pts
1 month-17.1%-6.8% -10.3 pts
3 months-24.4%-7.6% -16.8 pts
6 months-10.7%+0.4% -11.1 pts
1 year-49.9%-9.9% -40.0 pts
2 years-60.5%-13.6% -46.9 pts
3 years-61.6%+14.2% -75.7 pts
5 years-21.4%+27.9% -49.3 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -12% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 41% of total assets in 2026
lookProfit leans on other income Other income was 103% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹44 Cr +2.7% vs Jun 2025. Net profit ₹2 Cr -3.2%.
Against our estimate for Jun 2026: sales +4.2%, profit -54.1% in line. Our estimate for Sep 2026: sales Rs 50 Cr, profit Rs 5 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-23Dividend - Re 0.10 Per Share
2025-09-23Dividend - Re 0.10 Per Share
2025-08-21Face Value Split (Sub-Division) - From Rs 5/- Per Share To Rs 2/- Per Share0.4000
2024-11-26Interim Dividend - Rs 0.25 Per Share
2024-09-23Annual General Meeting/Dividend - Re 0.25 Per Share
2023-09-22Annual General Meeting/Dividend - Re 0.25 Per Share
2022-11-25Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2022-09-22Annual General Meeting/Dividend - Re 0.50 Per Share
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30AppointmentAppointment of Appointment of Ms. Bhawika Ogra. as Non- Executive Independent Director of the company w.e.f. October 01, 2026.
2026-09-30AppointmentAppointment of Appointment of Mr. Jayesh Dave as Other (Non-executive, Non-independent, Nominee Director) of the company w.e.f. October 01, 2026.
2026-09-30Shareholder meetingOutcome Of The 29TH Annual General Meeting.
2026-09-24Concall / analyst meetAbout
2026-09-16Concall / analyst meetSchedule of meet
2026-09-16Record DateRecord date for the purpose of Dividend is 23-Sep-2026.
2026-09-11ESOPAllotment of 623944 Shares.
2026-09-11General UpdatesGeneral Updates
2026-09-11Board meeting outcomeOutcome of Board Meeting held on September 11, 2026.
2026-09-10Order winBagging/Receiving of orders/contracts
2026-09-07General UpdatesGeneral Updates
2026-09-03UpdatesIntimation Regarding Record Date of Dividend and E-voting.
2026-09-03Shareholder meetingNotice of undefined to be held on September 30, 2026
2026-09-03Board meeting outcomeOutcome of Board Meeting held on September 03, 2026.
2026-08-20Press ReleaseA press release dated August 20, 2026, titled "Intimation Regarding Press Release".
2026-08-20Order winBagging/Receiving of orders/contracts
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Announcement Related Press Release".
2026-08-13Board meeting outcomeDev Information Technology Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Order winBagging/Receiving of orders/contracts
2026-07-06Order winBagging/Receiving of orders/contracts
2026-07-01Order winBagging/Receiving of orders/contracts
2026-06-30AgreementsAgreements
2026-06-30Board meeting outcomeOutcome of Board Meeting held on Jun 30, 2026.
2026-06-29Concall / analyst meetOutcome
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Dev Information Technology Ltd?

Dev Information Technology Ltd (DEVIT) has a market capitalisation of Rs 124 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dev Information Technology Ltd?

Dev Information Technology Ltd trades at a P/E of 22.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dev Information Technology Ltd's latest quarterly results?

In the Jun 2026 quarter, Dev Information Technology Ltd sales was Rs 44 Cr (+2.7% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Dev Information Technology Ltd?

The 52-week high is Rs 44.44 and the 52-week low is Rs 21.06.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03