MarketFriction

Dev Accelerator Ltd

NSE DEVX · BSE 544513 · Diversified Commercial Services
₹36.28 +0.58%
NSE close2026-10-01
52 week range29.95 - 54.00
Market cap₹343 Cr.
P/E29.7
IPO 2025 · -41% since Price band 20% Delivery 60.6%

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
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales24.9134.4749.7565.4055.6351.8459.2059.2653.77
Expenses10.9016.3425.6734.0929.2425.4235.2926.7823.49
Operating Profit14.0118.1324.0831.3126.3926.4223.9132.4830.28
OPM %56.24%52.60%48.40%47.87%47.44%50.96%40.39%54.81%56.31%
Other Income0.2214.332.262.941.322.712.852.942.97
Interest8.7611.3812.2115.1812.2612.649.2510.2814.00
Depreciation11.1314.4413.3216.5414.5114.8014.9414.6417.68
Profit before tax-5.666.640.812.530.941.692.5710.501.57
Tax %5.48%6.02%13.58%16.60%85.11%-3.55%139.30%24.10%4.46%
Net Profit-5.976.240.692.120.141.76-1.017.961.50
EPS in Rs-4,294.960.930.100.310.020.20-0.110.880.16
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3170108159226224
Expenses17404378117111
Operating Profit14306580109113
OPM %45%43%60%51%48%50%
Other Income023191011
Interest71731454446
Depreciation153045525962
Profit before tax-8-16-931616
Tax %-9%-20%-105%34%44%
Net Profit-8-1302910
EPS in Rs-6,953.70-10,516.39316.180.260.981.13
Dividend Payout %-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%48%9%
Compounded Profit Growth%%38%26%
Stock Price CAGR%%%-32%
Return on Equity%%6%7%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.010.010.011318
Reserves-6-22538164
Borrowings89239328389374
Other Liabilities18465710088
Total Liabilities101282411540644
Fixed Assets79228269293261
CWIP000070
Investments1195339
Other Assets2154133193274
Total Assets101282411540644
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity142689490
Cash from Investing Activity-7-24-41-66-121
Cash from Financing Activity-6-433-2549
Net Cash Flow1-1-0318
Free Cash Flow72-2682-8
CFO/OP107%93%16%130%83%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2319409744
Inventory Days
Days Payable
Cash Conversion Cycle2319409744
Working Capital Days-213-265-146-102-23
ROCE %1%8%12%12%
Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.81%36.81%36.81%35.08%
FIIs3.37%2.34%1.43%1.36%
DIIs6.96%5.56%4.94%3.92%
Public52.85%55.28%56.82%59.62%
No. of Shareholders25,21621,90919,89119,078

Fundamentals

Market Cap₹ 343 Cr.
Current Price₹ 36.1
Stock P/E29.7
Book Value₹ 20.2
ROCE11.9 %
ROE6.60 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)26%
Consolidated figures.
Ownership
Promoter holding35.08%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodDEVXNifty 50Difference
1 week+0.4%-2.8% +3.2 pts
1 month+10.0%-6.8% +16.8 pts
3 months+4.1%-7.6% +11.7 pts
6 months+17.7%+0.4% +17.3 pts
1 year-34.0%-9.9% -24.1 pts

Red flags

No red flags in the latest statements and filings.
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 ₹54 Cr -3.3% vs Jun 2025. Net profit ₹2 Cr +971.4%.
Against our estimate for Jun 2026: sales -7.8%, profit +41.1% in line. Our estimate for Sep 2026: sales Rs 49 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-25Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-25Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of 6th (Sixth) Annual General Meeting held on September 25, 2026
2026-09-23Concall / analyst meetSchedule of meet
2026-09-05Concall / analyst meetScheduled of Analyst / Investor Meet held on September 10, 2026
2026-09-01General UpdatesIntimation Under Regulation 36(1)(b) and 58(1)(b) of SEBI Listing Regulations
2026-09-01Shareholder meetingNotice of the 6th Annual General Meeting for the Financial Year 2025-26
2026-08-18Concall / analyst meetTranscript
2026-08-13Concall / analyst meetAudio Recording of the Earnings Conference Call in relation to the unaudited financial results of the Company for the quarter ended June 30, 2026.
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "Q1 FY27 Press Release".
2026-08-13Investor PresentationInvestor Presentation
2026-08-12Monitoring Agency ReportMonitoring Agency Report in respect of utilization of proceeds raised through issuance of equity shares and convertible warrants through Preferential ...
2026-08-12Monitoring Agency ReportMonitoring Agency Report in respect of utilization of proceeds raised through issuance of equity shares by way of Initial Public Offer of the Company ...
2026-08-12Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-12Board meeting outcomeDev Accelerator Limited has submitted to the Exchange, the financial results for the quarter ended June 30, 2026.
2026-08-07Concall / analyst meetSchedule of Q1 FY27 Earnings Conference Call to be held on Thursday, August 13, 2026 at 04:00 PM (IST)
2026-08-07General UpdatesAppointment of Churchgate Advisory Private Limited for providing Investor Relations Advisory Service and other ancillary services.
2026-08-04AgreementsIntimation under Regulations 30 and 30A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2...
2026-08-04AllotmentAllotment of 100000 securities pursuant to Non Convertible Securities at its meeting held on August 04, 2026
2026-07-17Credit Rating- NewCredit Rating for proposed issue of Non Convertible Debentures
2026-07-08UpdatesMonthly Newsletter - June 2026 Edition.
2026-06-16Change in ManagementAppointment of M/s Murtuza Mandorwala and Associates, as the Secretarial Auditor for 5 (five) years subject to the approval of shareholders at the ens...
2026-06-16Change in ManagementAppointment of Grant Thornton Bharat LLP as the Internal Auditor of the Company for Financial Year 2026-2027
2026-06-16AllotmentAllotment of 44,44,440 equity shares at an issue price of Rs. 45/- per equity share to Infibeam Projects Management Private Limited
2026-06-16AllotmentAllotment of 33,33,330 convertible warrants at an issue price of Rs. 45/- per convertible warrant to Mr. Shah Parth Naimeshbhai, Mr. Uttamchandani Ume...
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 Accelerator Ltd?

Dev Accelerator Ltd (DEVX) has a market capitalisation of Rs 343 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dev Accelerator Ltd?

Dev Accelerator Ltd trades at a P/E of 29.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dev Accelerator Ltd's latest quarterly results?

In the Jun 2026 quarter, Dev Accelerator Ltd sales was Rs 54 Cr (-3.3% vs Jun 2025) and net profit was Rs 2 Cr.

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

The 52-week high is Rs 54.00 and the 52-week low is Rs 29.95.

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