Dev Information Technology Ltd

₹ 119 0.21%

30 Apr - close price

About

Incorporated in 1997, Dev Information Technology Ltd is in the business of
providing IT enabled services^[1]

Key Points

Business Overview:^[1]
DEV IT is a Technology Solutions Provider which delivers Digital Transformation leveraging Cloud, Automation and Data technologies

Website BSE NSE

Market Cap ₹ 263 Cr.
Current Price ₹ 119
High / Low ₹ 175 / 90.4
Stock P/E 35.8
Book Value ₹ 20.5
Dividend Yield 0.21 %
ROCE 13.6 %
ROE 11.4 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 5.78 times its book value
Promoter holding has decreased over last quarter: -1.11%
Company has a low return on equity of 5.54% over last 3 years.

* 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

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	24.56	22.59	15.60	29.08	31.75	26.01	27.15	26.93	41.89	58.89	30.00	30.72
	23.73	21.38	14.77	27.43	30.01	24.40	24.91	27.76	38.64	56.08	27.94	28.39
Operating Profit	0.83	1.21	0.83	1.65	1.74	1.61	2.24	-0.83	3.25	2.81	2.06	2.33
OPM %	3.38%	5.36%	5.32%	5.67%	5.48%	6.19%	8.25%	-3.08%	7.76%	4.77%	6.87%	7.58%
	0.08	0.18	0.12	0.28	0.34	0.37	0.37	5.83	0.40	0.18	0.51	0.26
Interest	0.29	0.28	0.19	0.08	0.27	0.25	0.31	0.44	0.20	0.25	0.33	0.30
Depreciation	0.53	0.57	0.39	0.32	0.58	0.27	0.32	0.29	0.33	0.26	0.29	0.32
Profit before tax	0.09	0.54	0.37	1.53	1.23	1.46	1.98	4.27	3.12	2.48	1.95	1.97
Tax %	111.11%	57.41%	56.76%	30.72%	38.21%	-2.05%	27.27%	20.14%	22.76%	32.26%	16.41%	16.24%
	-0.01	0.24	0.16	1.05	0.76	1.48	1.44	3.40	2.41	1.67	1.62	1.65
EPS in Rs	-0.00	0.11	0.07	0.48	0.34	0.67	0.65	1.54	1.09	0.76	0.73	0.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	35	43	57	44	45	57	67	71	66	84	99	122	162
	31	41	54	41	40	50	59	64	62	81	94	116	151
Operating Profit	4	2	3	3	5	6	8	7	4	3	5	6	10
OPM %	11%	5%	5%	7%	11%	11%	12%	10%	6%	4%	5%	5%	6%
	0	0	0	0	0	0	0	2	2	0	1	7	1
Interest	1	1	1	1	1	2	2	1	1	1	1	1	1
Depreciation	0	0	1	1	1	1	2	2	2	2	2	1	1
Profit before tax	3	1	2	2	3	4	5	6	3	0	4	11	10
Tax %	33%	50%	27%	28%	36%	33%	30%	33%	-0%	159%	50%	19%
	2	1	1	1	2	3	3	4	3	-0	2	9	7
EPS in Rs	85.00	3.05	5.45	6.25	10.05	1.79	1.57	1.98	1.56	-0.07	0.87	3.94	3.33
Dividend Payout %	3%	8%	7%	8%	6%	7%	8%	6%	8%	0%	29%	6%

Compounded Sales Growth
10 Years:	11%
5 Years:	13%
3 Years:	23%
TTM:	44%

Compounded Profit Growth
10 Years:	22%
5 Years:	5%
3 Years:	30%
TTM:	4%

Stock Price CAGR
10 Years:	%
5 Years:	38%
3 Years:	62%
1 Year:	22%

Return on Equity
10 Years:	10%
5 Years:	7%
3 Years:	6%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	0	0	0	0	0	4	6	6	6	6	11	11	11
Reserves	6	6	7	8	10	12	20	24	27	27	23	31	34
	4	5	6	8	8	8	9	10	11	11	9	7	9
	12	13	23	10	12	19	19	14	15	19	24	18	14
Total Liabilities	23	25	38	27	31	43	53	53	58	62	67	68	68
	5	5	5	4	4	9	9	11	12	10	10	9	9
CWIP	0	0	0	0	0	0	0	0	0	0	1	1	1
Investments	0	0	0	0	0	0	0	0	5	4	4	9	10
	18	19	32	22	26	34	44	41	41	48	53	48	49
Total Assets	23	25	38	27	31	43	53	53	58	62	67	68	68

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	6	-1	2	1	1	3	-3	5	8	5	5	-1
	-1	-0	-1	-0	0	-5	-1	-4	-7	-1	-2	-1
	-3	-0	1	-0	-1	1	6	-1	-1	-1	-3	-4
Net Cash Flow	2	-1	2	0	0	-2	2	0	-0	4	-0	-6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	87	79	141	116	132	134	149	110	127	103	124	109
Inventory Days	106	70	36	16	52	57	64	67	83	75	39	30
Days Payable	205	113	195	114	155	206	166	112	150	125	145	73
Cash Conversion Cycle	-11	36	-17	18	29	-15	48	65	60	53	18	66
Working Capital Days	14	34	30	54	69	58	102	90	100	67	65	71
ROCE %	34%	16%	20%	19%	26%	28%	23%	16%	8%	4%	11%	14%

Shareholding Pattern

Numbers in percentages

1 Recently

	Mar 2021	Sep 2021	Oct 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	69.07%	69.07%	69.07%	69.07%	68.06%	68.06%	67.65%	67.53%	67.53%	67.48%	71.31%	70.20%
	0.00%	0.00%	0.00%	0.00%	1.00%	1.81%	1.81%	1.72%	0.00%	0.00%	0.00%	0.00%
	30.93%	30.92%	30.94%	30.93%	30.94%	30.12%	30.53%	30.76%	32.48%	32.52%	28.69%	29.80%
No. of Shareholders	178	180	190	613	7,733	6,381	7,832	7,044	7,980	7,181	8,303	8,419

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	68.42%	68.99%	69.07%	69.07%	69.07%	67.53%	70.20%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.72%	0.00%
	31.59%	31.01%	30.93%	30.93%	30.93%	30.76%	29.80%
No. of Shareholders	209	197	190	178	613	7,044	8,419

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Nov 2022

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Nov 2022

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