Dev Information Technology Limited DEVIT NSETECH

Technology · Information Technology Services · India

https://www.devitpl.com

Dev Information Technology Limited provides information technology enabled services in India, Europe, and internationally. The company offers cloud services, including cloud advisory, cloud application modernization, managed cloud, enterprise devOps, and backup and recovery services; and managed IT services, such as managed digital workplace and data center support services, as well as application development services comprising custom software solutions, eGov platforms, and mobile app development. It also provides digital transformation services consisting of modern workplace, M365 migration services, hybrid and remote work, cyber security services, data and analytics, and blockchain solutions; and enterprise applications, such as Microsoft D365 F&O, Microsoft D365 CRM, D365 Business Central, and Microsoft Power Platform. The company has a strategic alliance with Xduce Corporation to accelerate growth in North America and scale its global delivery capabilities across digital engineering, cloud, data, artificial intelligence, and cybersecurity. Dev Information Technology Limited was incorporated in 1997 and is based in Ahmedabad, India.

Market & Price

Market Cap

₹157.99 Cr

Current Price

₹28.03

High / Low (52W)

₹48.74 / ₹22.86

Beta

Valuation

Stock P/E

2.36

Industry PE

25.13

Forward P/E

PEG Ratio

Book Value

₹22.87

Price to Book

1.23

P/S

0.82

EV/EBITDA

25.53

Dividend Yield

0.71%

Profitability & Returns

ROCE

25.52%

ROE

84.91%

ROA

1.59%

Profit Margin

39.16%

Op Margin

7.86%

EPS (Latest Qtr)

₹-1.43

EPS (TTM)

₹11.90

Balance Sheet & Liquidity

Debt/Equity

0.28

Quick Ratio

1.67

Current Ratio

1.79

Debt

₹30.61 Cr

Total Assets

₹122.10 Cr

Current Assets

₹84.80 Cr

Working Capital

₹40.30 Cr

Ownership

Promoter Holding

66.87%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹184.53 Cr

Total Revenue (TTM)

₹193.50 Cr

EBITDA

₹7.23 Cr

Free Cash Flow

₹-19.92 Cr

Operating Cash Flow

₹-2.14 Cr

Shares Outstanding

₹5.64 Cr

Gross Margin

10.29%

Payout Ratio

0.84%

Growth (CAGR)

Revenue 5Y

19.47%

Profit 5Y

380.58%

Revenue (YoY)

8.60%

Earnings (YoY)

632.10%

PROS

Strong return on equity of 84.9%.
Healthy ROCE of 25.5%.
Excellent profit margin of 39.2%.
Compounding revenue at 19.5% over 5 years.
Profit CAGR of 380.6% over 5 years.

CONS

Trading 42.5% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	DEVIT Dev Information Technology Limited NSETECH	28.03	2.36	₹157.99 Cr	0.71%	25.52%	84.91%	19.47%	380.58%
2	TCS Tata Consultancy Services Limited NIFTY50NSEAITECH	2,258.90	16.61	₹8.17 L Cr	5.49%	54.93%	48.40%	5.80%	5.30%
3	INFY Infosys Limited NIFTY50NSEAITECH	1,160.90	15.01	₹4.70 L Cr	4.31%	41.66%	31.44%	3.44%	3.58%
4	HCLTECH HCL Technologies Limited NIFTY50NSEAITECH	1,183.80	19.31	₹3.20 L Cr	8.11%	27.21%	23.36%	8.65%	3.87%
5	WIPRO Wipro Limited NIFTY50NSEAITECH	204.25	16.26	₹2.14 L Cr	8.32%	18.42%	15.49%	4.05%	2.44%
6	TECHM Tech Mahindra Limited NIFTY50NSEAITECH	1,483.90	27.40	₹1.31 L Cr	3.44%	20.60%	16.61%	2.16%	-0.14%
7	LTM LTM Limited NSETECH	4,061.60	24.04	₹1.20 L Cr	1.85%	25.39%	21.29%	8.43%	4.41%
8	LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH	1,523.90	61.35	₹1.03 L Cr	-	27.64%	24.72%	0.98%	-
9	WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH	3,140.80	27.70	₹90,345.53 Cr	0.13%	24.21%	31.57%	71.63%	191.18%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	47.71 Cr	50.96 Cr	42.99 Cr	48.51 Cr	44.14 Cr
Cost of Revenue	-	42.54 Cr	46.02 Cr	37.18 Cr	43.33 Cr	47.25 Cr
Gross Profit	-	5.17 Cr	4.95 Cr	5.81 Cr	5.17 Cr	-3.11 Cr
Operating Expenses	-	2.87 Cr	2.55 Cr	2.96 Cr	2.87 Cr	4.34 Cr
Operating Income	-	2.30 Cr	2.40 Cr	2.84 Cr	2.30 Cr	-7.45 Cr
EBITDA	-	3.44 Cr	2.11 Cr	4.03 Cr	97.36 Cr	-5.65 Cr
Interest Expense	-	51.36 L	-29.77 L	53.68 L	71.02 L	53.56 L
Pretax Income	-	2.22 Cr	1.62 Cr	2.78 Cr	95.81 Cr	-7.27 Cr
Tax Provision	-	40.71 L	48.35 L	59.86 L	23.93 Cr	15.17 L
Net Income	-	1.73 Cr	1.22 Cr	2.11 Cr	71.85 Cr	-7.27 Cr
Diluted EPS	1.49	0.31	-	0.37	12.75	-1.43

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	99.75 Cr	124.14 Cr	163.32 Cr	170.07 Cr
Cost of Revenue	89.05 Cr	111.99 Cr	143.28 Cr	151.54 Cr
Gross Profit	10.70 Cr	12.15 Cr	20.04 Cr	18.53 Cr
Operating Expenses	5.78 Cr	6.12 Cr	7.55 Cr	10.67 Cr
Operating Income	4.92 Cr	6.02 Cr	12.49 Cr	7.86 Cr
EBITDA	4.49 Cr	13.46 Cr	15.13 Cr	22.84 Cr
Interest Expense	70.93 L	96.00 L	1.23 Cr	1.72 Cr
Pretax Income	1.97 Cr	11.26 Cr	12.49 Cr	18.08 Cr
Tax Provision	2.04 Cr	2.24 Cr	3.02 Cr	3.30 Cr
Net Income	13.40 L	8.97 Cr	9.29 Cr	14.87 Cr
Diluted EPS	0.02	1.62	1.67	2.64

Compounded Sales Growth

5 Years:	19.47%
1 Year:	8.60%

Compounded Profit Growth

5 Years:	380.58%
1 Year:	632.10%

Stock Price Performance

1 Year:	-36.23%
6 Months:	-32.85%
3 Months:	+11.10%
1 Month:	-13.00%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	66.48 Cr	67.74 Cr	95.49 Cr	122.10 Cr
Current Assets	49.21 Cr	46.14 Cr	65.05 Cr	84.80 Cr
Cash & Equivalents	8.83 Cr	2.50 Cr	3.40 Cr	1.90 Cr
Inventory	4.68 Cr	4.98 Cr	6.34 Cr	7.31 Cr
Receivables	31.08 Cr	35.00 Cr	51.30 Cr	74.51 Cr
Total Liabilities	33.70 Cr	26.13 Cr	37.20 Cr	53.33 Cr
Current Liabilities	32.44 Cr	22.24 Cr	31.01 Cr	44.50 Cr
Long Term Debt	74.12 L	3.65 Cr	4.04 Cr	6.56 Cr
Total Debt	9.63 Cr	7.29 Cr	14.58 Cr	19.98 Cr
Total Equity	32.79 Cr	41.55 Cr	55.45 Cr	68.62 Cr
Shares Outstanding	5.52 Cr	5.53 Cr	5.62 Cr	5.63 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	5.81 Cr	-1.65 Cr	-79.21 L	-8.87 Cr
Investing Cash Flow	-2.13 Cr	-64.85 L	-2.10 Cr	9.31 Cr
Financing Cash Flow	-2.68 Cr	-4.33 Cr	3.80 Cr	-1.94 Cr
Capital Expenditure	-1.54 Cr	-5.77 Cr	-1.99 Cr	-4.55 Cr
Free Cash Flow	4.26 Cr	-7.41 Cr	-2.78 Cr	-13.43 Cr
Net Change in Cash	99.51 L	-6.63 Cr	90.38 L	-1.50 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	10.7%	9.8%	12.3%	10.9%
Operating Margin %	4.9%	4.9%	7.6%	4.6%
Net Margin %	0.1%	7.2%	5.7%	8.7%
ROE %	0.4%	21.6%	16.7%	21.7%
ROCE %	14.4%	13.2%	19.4%	10.1%

Shareholding Pattern

Insiders

66.87%

Institutions

0.00%

Public Float

0.00%

Analyst View

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