Dev Information Technology Ltd
Incorporated in 1997, Dev Information Technology Ltd is in the business of
providing IT enabled services[1]
- Market Cap ₹ 193 Cr.
- Current Price ₹ 34.3
- High / Low ₹ 76.4 / 30.1
- Stock P/E 30.4
- Book Value ₹ 23.0
- Dividend Yield 0.57 %
- ROCE 26.5 %
- ROE 24.3 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 51.1% CAGR over last 5 years
Cons
- Earnings include an other income of Rs.93.7 Cr.
- Company has high debtors of 171 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 44 | 45 | 57 | 67 | 71 | 66 | 84 | 99 | 122 | 157 | 151 | 168 | |
| 54 | 41 | 40 | 50 | 59 | 64 | 62 | 81 | 94 | 116 | 145 | 141 | 157 | |
| Operating Profit | 3 | 3 | 5 | 6 | 8 | 7 | 4 | 3 | 5 | 6 | 13 | 10 | 11 |
| OPM % | 5% | 7% | 11% | 11% | 12% | 10% | 6% | 4% | 5% | 5% | 8% | 7% | 7% |
| 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 1 | 7 | 1 | 13 | 94 | |
| Interest | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Profit before tax | 2 | 2 | 3 | 4 | 5 | 6 | 3 | 0 | 4 | 11 | 12 | 19 | 101 |
| Tax % | 27% | 28% | 36% | 33% | 30% | 33% | -0% | 159% | 50% | 19% | 25% | 18% | |
| 1 | 1 | 2 | 3 | 3 | 4 | 3 | -0 | 2 | 9 | 9 | 15 | 75 | |
| EPS in Rs | 2.10 | 2.40 | 3.87 | 0.72 | 0.62 | 0.79 | 0.62 | -0.03 | 0.35 | 1.58 | 1.56 | 2.74 | 13.38 |
| Dividend Payout % | 7% | 8% | 6% | 7% | 8% | 6% | 8% | 0% | 29% | 6% | 6% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 18% |
| 3 Years: | 15% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 51% |
| 3 Years: | 100% |
| TTM: | -65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -12% |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 16% |
| 3 Years: | 22% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 0.50 | 4 | 6 | 6 | 6 | 6 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 7 | 8 | 10 | 12 | 20 | 24 | 27 | 27 | 23 | 31 | 45 | 60 | 118 |
| 6 | 8 | 8 | 8 | 9 | 10 | 11 | 11 | 9 | 7 | 12 | 16 | 19 | |
| 23 | 10 | 12 | 19 | 19 | 14 | 15 | 19 | 24 | 18 | 21 | 30 | 51 | |
| Total Liabilities | 38 | 27 | 31 | 43 | 53 | 53 | 58 | 62 | 67 | 68 | 89 | 117 | 200 |
| 5 | 4 | 4 | 9 | 9 | 11 | 12 | 10 | 10 | 9 | 11 | 12 | 18 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 4 | 4 | 9 | 15 | 19 | 93 |
| 32 | 22 | 26 | 34 | 44 | 41 | 41 | 48 | 53 | 48 | 62 | 85 | 89 | |
| Total Assets | 38 | 27 | 31 | 43 | 53 | 53 | 58 | 62 | 67 | 68 | 89 | 117 | 200 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 1 | 1 | 3 | -3 | 5 | 8 | 5 | 5 | -1 | -1 | -9 | |
| -1 | -0 | 0 | -5 | -1 | -4 | -7 | -1 | -2 | -1 | -2 | 7 | |
| 1 | -0 | -1 | 1 | 6 | -1 | -1 | -1 | -3 | -4 | 3 | 2 | |
| Net Cash Flow | 2 | 0 | 0 | -2 | 2 | 0 | -0 | 4 | -0 | -6 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 141 | 116 | 132 | 134 | 149 | 110 | 127 | 103 | 124 | 109 | 116 | 171 |
| Inventory Days | 36 | 16 | 52 | 57 | 64 | 67 | 83 | 75 | 39 | 60 | 76 | |
| Days Payable | 195 | 114 | 155 | 206 | 166 | 112 | 150 | 125 | 145 | 147 | 128 | |
| Cash Conversion Cycle | -17 | 18 | 29 | -15 | 48 | 65 | 60 | 53 | 18 | 22 | 65 | 171 |
| Working Capital Days | 6 | 15 | 36 | 30 | 63 | 56 | 53 | 25 | 32 | 60 | 65 | 94 |
| ROCE % | 20% | 19% | 26% | 28% | 23% | 16% | 8% | 4% | 11% | 26% | 22% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
13h - Won Gujarat Directorate of Food & Civil Supplies order ~INR1.90 Cr; 2-month fixed-cost RDBMS and apps delivery.
-
Closure of Trading Window
1d - Trading window closed Jan 1, 2026 until 48 hours after Q3 (Dec 31, 2025) financial results announcement.
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Outcome Of Board Meeting Held On Friday, December 26, 2025.
Regulation 30 Of SEBI (LODR) Regulations, 2015
26 Dec - Board withdrew preferential issue of 1,50,00,000 warrants at Rs45.45 each, Dec 26, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, December 26, 2025
26 Dec - Board withdraws proposed 1.5 crore warrants at Rs45.45 each (≈Rs68.18 crore); decision Dec 26, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Dec - Secured three orders totaling ~₹8.6 crore (Dec 2025); largest ₹6.97cr for Gujarat education automation.
Annual reports
Concalls
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Nov 2025TranscriptPPTREC
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT
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Feb 2025TranscriptPPT
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Dec 2024TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPT
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Nov 2022TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
Business Overview:[1]
DEV IT is a Technology Solutions Provider which delivers Digital Transformation leveraging Cloud, Automation and Data technologies