Dev Information Technology Ltd
Incorporated in 1997, Dev Information Technology Ltd is in the business of
providing IT enabled services[1]
- Market Cap ₹ 209 Cr.
- Current Price ₹ 37.1
- High / Low ₹ 76.4 / 35.3
- Stock P/E 30.9
- Book Value ₹ 22.9
- Dividend Yield 0.54 %
- ROCE 11.2 %
- ROE 9.51 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 21.3% CAGR over last 5 years
Cons
- Earnings include an other income of Rs.95.4 Cr.
- Company has high debtors of 159 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 46 | 47 | 64 | 70 | 78 | 69 | 85 | 100 | 124 | 164 | 171 | 191 | |
| 54 | 42 | 42 | 57 | 61 | 68 | 64 | 82 | 96 | 117 | 150 | 160 | 178 | |
| Operating Profit | 3 | 3 | 5 | 6 | 9 | 10 | 5 | 3 | 4 | 7 | 14 | 10 | 12 |
| OPM % | 5% | 7% | 10% | 10% | 12% | 12% | 7% | 3% | 4% | 6% | 8% | 6% | 7% |
| 0 | 0 | 1 | 0 | 0 | 1 | 2 | 1 | 1 | 7 | 2 | 13 | 95 | |
| Interest | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 3 | 3 |
| Profit before tax | 2 | 2 | 3 | 4 | 6 | 7 | 4 | 0 | 2 | 11 | 12 | 18 | 102 |
| Tax % | 27% | 28% | 36% | 33% | 28% | 35% | -1% | 860% | 104% | 20% | 24% | 18% | |
| 1 | 1 | 2 | 3 | 4 | 4 | 4 | -0 | -0 | 9 | 9 | 15 | 77 | |
| EPS in Rs | 2.12 | 2.44 | 3.96 | 0.74 | 0.69 | 0.79 | 0.67 | -0.06 | 0.02 | 1.62 | 1.65 | 2.64 | 13.65 |
| Dividend Payout % | 7% | 8% | 6% | 7% | 7% | 6% | 7% | 0% | 425% | 6% | 6% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 20% |
| 3 Years: | 20% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 21% |
| 3 Years: | 257% |
| TTM: | -62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -9% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 10% |
| 3 Years: | 16% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 28 | 27 | 22 | 30 | 44 | 57 | 118 |
| 6 | 8 | 8 | 8 | 9 | 11 | 11 | 11 | 10 | 7 | 15 | 20 | 24 | |
| 23 | 10 | 12 | 19 | 19 | 15 | 14 | 18 | 24 | 19 | 25 | 34 | 55 | |
| Total Liabilities | 38 | 27 | 31 | 43 | 54 | 56 | 58 | 62 | 66 | 68 | 95 | 122 | 207 |
| 5 | 4 | 4 | 9 | 9 | 14 | 12 | 10 | 10 | 14 | 22 | 23 | 34 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 4 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 4 | 3 | 3 | 3 | 4 | 79 |
| 33 | 22 | 27 | 34 | 45 | 42 | 41 | 47 | 53 | 49 | 67 | 92 | 94 | |
| Total Assets | 38 | 27 | 31 | 43 | 54 | 56 | 58 | 62 | 66 | 68 | 95 | 122 | 207 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 1 | 2 | 6 | -3 | 7 | 5 | 6 | 6 | -2 | -1 | -9 | |
| -0 | -0 | -0 | -6 | -1 | -7 | -7 | -0 | -2 | -1 | -2 | 9 | |
| -0 | -0 | -1 | -1 | 6 | 0 | 1 | -1 | -3 | -4 | 4 | -2 | |
| Net Cash Flow | 2 | 0 | 0 | -1 | 2 | 0 | -2 | 4 | 1 | -7 | 1 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 140 | 114 | 127 | 117 | 138 | 92 | 115 | 94 | 114 | 103 | 114 | 159 |
| Inventory Days | 36 | 16 | 48 | 46 | 65 | 64 | 83 | 75 | 39 | 60 | 75 | |
| Days Payable | 185 | 98 | 142 | 169 | 167 | 131 | 136 | 117 | 146 | 150 | 122 | |
| Cash Conversion Cycle | -9 | 31 | 32 | -7 | 36 | 25 | 63 | 53 | 6 | 14 | 68 | 159 |
| Working Capital Days | 34 | 62 | 33 | 20 | 57 | 51 | 53 | 24 | 22 | 55 | 62 | 82 |
| ROCE % | 20% | 19% | 26% | 29% | 24% | 22% | 8% | 3% | 7% | 28% | 23% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Nov - Q2 income Rs.49.18cr, EBITDA Rs.3.82cr; Q2 PAT Rs.71.88cr includes Rs.93.55cr DevX exceptional gain.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 Nov - Earnings conference call recording for Q2 & H1 FY26 (ended Sep 30, 2025) uploaded Nov 27, 2025.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Nov
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Nov - Q2 & H1 FY26 earnings call on Nov 26, 2025 at 12:00 PM for Dev Information Technology Ltd.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
19 Nov - EGM on 18-Nov-2025 approved issuance of up to 15,000,000 preferential convertible warrants; resolution passed.
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