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Dev Information Technology Limited DEVIT NSETECHAI

Technology · Information Technology Services · India
https://www.devitpl.com
Company Profile ↓
₹28.46
-38.56% 1Y
Mkt Cap₹160.41 Cr
P/E2.15
P/B1.47
Div. Yield0.73%
52W High₹48.30
52W Low₹22.86
Book Value₹19.40
EPS (TTM)₹13.25

Company Overview

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.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 69.3%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 75.8%.

Consistent Profit Growth

Net profit has compounded at 103.6% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 15.1% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 2.1, below the sector median of 27.7.

Healthy Margins

Maintains a net profit margin of 40.0%.

Recent Developments

  • Mar 2026 Revenue of ₹189.50 Cr (+11.0% YoY); net profit ₹75.78 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +11.0%, earnings +409.5%.
  • 5-Year Trend Long-term compounding — revenue CAGR 15.1%, profit CAGR 103.6%.

Growth & Price Performance

Compounded Sales Growth

5 Years:15.14%
1 Year:11.04%

Compounded Profit Growth

5 Years:103.63%
1 Year:409.51%

Stock Price Performance

1 Year:-38.56%
6 Months:-19.83%
3 Months:-5.61%
1 Month:+1.10%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 22% of range
₹22.86 ₹48.30
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMABelow
  • RSI (14)53.21 · Neutral
Price Performance
1M+1.10%
3M-5.61%
6M-19.83%
1Y-38.56%
Valuation vs Sector

P/E of 2.15 is below the sector median of 27.67 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Strong return on equity of 69.3%.
  • Healthy ROCE of 75.8%.
  • Excellent profit margin of 40.0%.
  • Compounding revenue at 15.1% over 5 years.
  • Profit CAGR of 103.6% over 5 years.

CONS

  • Trading 41.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

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

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Valuation

Stock P/E
2.15
Industry PE
27.67
Forward P/E est.
1.07
PEG Ratio
-
Book Value
₹19.40
Price to Book
1.47
P/S
0.84
EV/EBITDA
57.20
Dividend Yield
0.73%

Growth (CAGR)

Revenue 5Y
15.14%
Profit 5Y
103.63%
Revenue (YoY)
11.04%
Earnings (YoY)
409.51%

Profitability & Returns

ROCE
75.76%
ROE
69.30%
ROA
40.12%
Profit Margin
39.99%
Op Margin
-0.02%
Gross Margin
8.40%
EPS (Latest Qtr)
₹1.56
EPS (TTM)
₹13.25

Balance Sheet & Liquidity

Debt/Equity
0.28
Quick Ratio
1.69
Current Ratio
1.79
Debt
₹30.61 Cr
Total Assets
₹188.90 Cr
Current Assets
₹107.89 Cr
Working Capital
₹47.70 Cr

Ownership

Promoter Holding
66.87%
Chg in Prom Hold
25.29%
FII / Inst Holding
0.00%
Chg in FII Hold
-0.33%

Financial Snapshot

Enterprise Value
₹160.41 Cr
Total Revenue (TTM)
₹189.50 Cr
EBITDA
₹100.77 Cr
Free Cash Flow
₹-16.45 Cr
Operating Cash Flow
₹-2.14 Cr
Shares Outstanding
₹5.64 Cr
Gross Margin
8.40%
Payout Ratio
0.75%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 DEVIT Dev Information Technology Limited NSETECHAI 28.46 2.15 ₹160.41 Cr 0.73% 75.76% 69.30% 15.14% 103.63%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,173.50 15.98 ₹7.86 L Cr 3.14% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,084.40 1,355.50 ₹4.40 L Cr 4.68% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,176.30 18.35 ₹3.19 L Cr 8.25% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 175.97 14.01 ₹1.85 L Cr 9.69% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,474.20 27.20 ₹1.44 L Cr 3.51% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,076.50 24.10 ₹1.21 L Cr 1.86% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,535.10 61.82 ₹1.04 L Cr 0.00% 27.64% 21.98% 0.98% -
9 OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH 11,729.00 38.82 ₹1.02 L Cr 5.71% 43.24% 33.72% 10.42% 13.48%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 44.26 Cr60.46 Cr27.95 Cr31.74 Cr43.44 Cr35.46 Cr35.94 Cr47.71 Cr51.55 Cr42.99 Cr48.51 Cr44.14 Cr53.87 Cr
Cost of Revenue --------46.02 Cr37.18 Cr43.33 Cr47.25 Cr45.82 Cr
Gross Profit --------5.54 Cr5.81 Cr5.17 Cr-3.11 Cr8.04 Cr
Operating Expenses 39.41 Cr57.39 Cr25.90 Cr29.29 Cr37.24 Cr29.67 Cr37.02 Cr44.71 Cr3.57 Cr2.96 Cr2.87 Cr4.34 Cr5.77 Cr
Operating Income 4.48 Cr2.80 Cr1.75 Cr2.12 Cr5.71 Cr5.04 Cr-1.87 Cr2.30 Cr1.97 Cr2.84 Cr2.30 Cr-7.45 Cr2.27 Cr
EBITDA 4.85 Cr3.07 Cr2.05 Cr2.45 Cr6.20 Cr5.79 Cr-1.08 Cr3.00 Cr2.99 Cr4.03 Cr97.36 Cr-5.65 Cr5.04 Cr
Interest Expense 24.00 L34.00 L35.00 L33.00 L40.00 L52.00 L99.00 L51.00 L58.03 L53.68 L71.02 L53.56 L97.93 L
Pretax Income 4.44 Cr2.68 Cr1.96 Cr2.02 Cr5.84 Cr4.79 Cr9.45 Cr2.23 Cr1.62 Cr2.78 Cr95.81 Cr-7.27 Cr3.42 Cr
Tax Provision 84.00 L85.01 L31.01 L31.01 L1.55 Cr1.07 Cr1.33 Cr41.01 L48.35 L59.86 L23.93 Cr15.17 L-5.53 Cr
Net Income 3.59 Cr1.83 Cr1.66 Cr1.71 Cr4.28 Cr3.71 Cr8.11 Cr1.82 Cr1.22 Cr2.11 Cr71.85 Cr-7.27 Cr9.09 Cr
Diluted EPS 0.600.330.300.310.740.631.490.310.210.3712.75-1.431.56

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 46.00 Cr47.00 Cr64.00 Cr70.00 Cr78.00 Cr69.00 Cr85.00 Cr-124.14 Cr163.32 Cr170.66 Cr189.50 Cr
Cost of Revenue --------111.99 Cr143.28 Cr151.54 Cr173.59 Cr
Gross Profit --------12.15 Cr20.04 Cr19.12 Cr15.91 Cr
Operating Expenses 42.00 Cr42.00 Cr57.00 Cr61.00 Cr68.00 Cr64.00 Cr82.00 Cr-6.12 Cr7.55 Cr11.69 Cr15.95 Cr
Operating Income 2.00 Cr4.00 Cr5.00 Cr7.00 Cr8.00 Cr3.00 Cr1.00 Cr-6.02 Cr12.49 Cr7.43 Cr-3.48 L
EBITDA 3.00 Cr5.00 Cr6.00 Cr9.00 Cr10.00 Cr5.00 Cr3.00 Cr-13.46 Cr15.13 Cr23.72 Cr100.77 Cr
Interest Expense 1.00 Cr1.00 Cr2.00 Cr2.00 Cr2.00 Cr1.00 Cr1.00 Cr-96.00 L1.23 Cr2.60 Cr2.76 Cr
Pretax Income 2.00 Cr3.00 Cr4.00 Cr6.00 Cr7.00 Cr4.00 Cr0-11.26 Cr12.49 Cr18.08 Cr94.75 Cr
Tax Provision 56.00 L1.08 Cr1.32 Cr1.68 Cr2.45 Cr-4.00 L0-2.24 Cr3.02 Cr3.30 Cr19.15 Cr
Net Income 1.00 Cr2.00 Cr3.00 Cr4.00 Cr4.00 Cr4.00 Cr-0-8.97 Cr9.29 Cr14.87 Cr75.78 Cr
Diluted EPS 2.443.960.740.690.790.67-0.06-1.621.672.6413.25

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 27.00 Cr31.00 Cr43.00 Cr54.00 Cr56.00 Cr58.00 Cr62.00 Cr-67.74 Cr95.49 Cr122.10 Cr188.90 Cr
Current Assets --------46.14 Cr65.05 Cr84.80 Cr107.89 Cr
Cash & Equivalents --------2.50 Cr3.40 Cr1.90 Cr6.18 Cr
Inventory --------4.98 Cr6.34 Cr7.31 Cr6.46 Cr
Receivables --------35.00 Cr51.30 Cr74.51 Cr90.95 Cr
Total Liabilities --------26.13 Cr37.20 Cr53.33 Cr79.60 Cr
Current Liabilities --------22.24 Cr31.01 Cr44.50 Cr60.18 Cr
Long Term Debt --------3.65 Cr4.04 Cr6.56 Cr10.70 Cr
Total Debt 8.00 Cr8.00 Cr8.00 Cr9.00 Cr11.00 Cr11.00 Cr11.00 Cr-7.29 Cr14.58 Cr19.98 Cr30.61 Cr
Total Equity 8.50 Cr10.50 Cr16.00 Cr26.00 Cr30.00 Cr34.00 Cr33.00 Cr-41.55 Cr55.45 Cr68.62 Cr109.34 Cr
Shares Outstanding --------5.53 Cr5.62 Cr5.63 Cr5.64 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 1.00 Cr2.00 Cr6.00 Cr-3.00 Cr7.00 Cr5.00 Cr6.00 Cr--1.65 Cr-79.21 L-8.87 Cr-2.14 Cr
Investing Cash Flow -0-0-6.00 Cr-1.00 Cr-7.00 Cr-7.00 Cr-0--64.85 L-2.10 Cr9.31 Cr-96.34 L
Financing Cash Flow -0-1.00 Cr-1.00 Cr6.00 Cr01.00 Cr-1.00 Cr--4.33 Cr3.80 Cr-1.94 Cr7.37 Cr
Capital Expenditure -1.00 Cr-1.00 Cr-6.00 Cr-1.00 Cr-7.00 Cr-3.00 Cr-1.00 Cr--5.77 Cr-1.99 Cr-4.55 Cr-14.31 Cr
Free Cash Flow 01.00 Cr0-4.00 Cr-02.00 Cr5.00 Cr--7.41 Cr-2.78 Cr-13.43 Cr-16.45 Cr
Net Change in Cash 00-1.00 Cr2.00 Cr0-2.00 Cr4.00 Cr--6.63 Cr90.38 L-1.50 Cr4.27 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------9.8%12.3%11.2%8.4%
Operating Margin % 4.3%8.5%7.8%10.0%10.3%4.3%1.2%-4.9%7.6%4.4%-0.0%
Net Margin % 2.2%4.3%4.7%5.7%5.1%5.8%-0.0%-7.2%5.7%8.7%40.0%
ROE % 11.8%19.0%18.8%15.4%13.3%11.8%-0.0%-21.6%16.7%21.7%69.3%
ROCE % --------13.2%19.4%9.6%-0.0%

Shareholding Pattern

Insiders
66.87%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

Recent headlines for DEVIT

Google News Fri, 26 Dec 2025

Dev Information Technology Limited's (NSE:DEVIT) Stock's On An Uptrend: Are Strong Financials Guiding The Market? - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi5AFBVV95cUxNZkJaTWM2RGhhOHFPM0MzUWRPX0pOc05vRlNDRThnT001UWxlbFhBX1h1MmV0cEk0XzZBOUpvTlctT1NfTHBCRkNNLXJPSGFKekVSaW1xaGs5aFF1b1lReFJ6NVpON1k1MDg4R0pJZnFvWlhHYkYxczZ0S255a2hPdzFhdlhIcjVJeTBGan…

Google News Sat, 03 Jan 2026

Dev Information Technology Ltd. Share Price Live Today - CNBC TV18

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Google News hu, 23 Apr 2026

Small-cap IT stock Dev InfoTech jumps 14% despite weak market; what's the latest buzz? - Upstox

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Google News Fri, 25 Jul 2025

Dev IT Approves 5:2 Stock Split; Record Date Aug 21 - HDFC Sky

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Google News ue, 09 Sep 2025

Dev Information Technology (NSE:DEVIT) Is Due To Pay A Dividend Of ₹0.25 - simplywall.st

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Google News ue, 24 Jun 2025

eToro launches 4% stock rewards on UK debit card - FinTech Global

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DEVIT — Frequently Asked Questions

What is the current share price of Dev Information Technology Limited (DEVIT)?

As of 2026-07-15 09:52 IST, Dev Information Technology Limited (DEVIT) trades at ₹28.46 on NSE. Its 52-week range is ₹22.86 to ₹48.30.

What is the market capitalisation of DEVIT?

Dev Information Technology Limited (DEVIT) has a market capitalisation of ₹160.41 Cr on NSE.

What is the P/E ratio of DEVIT?

DEVIT trades at a trailing price-to-earnings (P/E) ratio of 2.15. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 1.47.

Does DEVIT pay a dividend?

Dev Information Technology Limited (DEVIT) currently offers a dividend yield of 0.73%.

What is the return on equity (ROE) of DEVIT?

DEVIT has a return on equity (ROE) of 69.30%. Its return on capital employed (ROCE) is 75.76%.

Is DEVIT a good stock to buy?

This page provides a data-driven analysis of Dev Information Technology Limited (DEVIT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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