Dev Information Technology Ltd

₹ 126 4.64%

18 Apr 9:39 a.m.

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 ₹ 280 Cr.
Current Price ₹ 126
High / Low ₹ 175 / 90.4
Stock P/E 33.0
Book Value ₹ 20.2
Dividend Yield 0.21 %
ROCE 15.2 %
ROE 12.5 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 144%
Promoter holding has increased by 3.83% over last quarter.

Cons

Stock is trading at 5.97 times its book value
Company has a low return on equity of 1.28% 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

Consolidated Figures in Rs. Crores / View Standalone

	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	23.02	16.13	29.08	31.59	26.57	25.99	27.34	44.26	60.46	27.95	31.74
	23.89	21.76	15.34	28.73	30.36	24.60	24.16	29.07	39.41	57.39	25.90	29.29
Operating Profit	0.67	1.26	0.79	0.35	1.23	1.97	1.83	-1.73	4.85	3.07	2.05	2.45
OPM %	2.73%	5.47%	4.90%	1.20%	3.89%	7.41%	7.04%	-6.33%	10.96%	5.08%	7.33%	7.72%
	0.08	0.18	0.21	0.28	0.31	0.37	0.37	6.03	0.20	0.22	0.56	0.23
Interest	0.31	0.30	0.21	0.13	0.30	0.33	0.34	0.48	0.24	0.34	0.35	0.33
Depreciation	0.58	0.57	0.40	0.28	0.58	0.27	0.32	0.29	0.37	0.27	0.30	0.33
Profit before tax	-0.14	0.57	0.39	0.22	0.66	1.74	1.54	3.53	4.44	2.68	1.96	2.02
Tax %	-71.43%	89.47%	130.77%	231.82%	77.27%	2.87%	30.52%	24.36%	18.92%	31.72%	15.82%	15.35%
	-0.24	0.07	-0.12	-0.29	0.16	1.69	1.07	2.66	3.59	1.83	1.66	1.71
EPS in Rs	-0.10	0.05	-0.03	-0.11	0.10	0.73	0.53	1.29	1.50	0.82	0.74	0.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	43	57	46	47	64	70	78	69	85	100	124	164
	41	54	42	42	57	61	68	64	82	96	117	152
Operating Profit	2	3	3	5	6	9	10	5	3	4	7	12
OPM %	5%	5%	7%	10%	10%	12%	12%	7%	3%	4%	6%	8%
	0	0	0	1	0	0	1	2	1	1	7	1
Interest	1	1	1	1	2	2	2	1	1	1	1	1
Depreciation	0	1	1	1	1	2	2	2	2	2	1	1
Profit before tax	1	2	2	3	4	6	7	4	0	2	11	11
Tax %	51%	27%	28%	36%	33%	28%	35%	-1%	860%	104%	20%
	1	1	1	2	3	4	4	4	-0	-0	9	9
EPS in Rs	2.90	5.50	6.35	10.30	1.85	1.74	1.99	1.68	-0.15	0.06	4.06	3.83
Dividend Payout %	9%	7%	8%	6%	7%	7%	6%	7%	0%	425%	6%

Compounded Sales Growth
10 Years:	11%
5 Years:	12%
3 Years:	22%
TTM:	47%

Compounded Profit Growth
10 Years:	24%
5 Years:	4%
3 Years:	27%
TTM:	54%

Stock Price CAGR
10 Years:	%
5 Years:	40%
3 Years:	62%
1 Year:	24%

Return on Equity
10 Years:	9%
5 Years:	5%
3 Years:	1%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	4	6	6	6	6	11	11	11
Reserves	6	7	8	10	12	20	24	28	27	22	30	34
	5	6	8	8	8	9	11	11	11	10	7	10
	12	23	10	12	19	19	15	14	18	24	19	12
Total Liabilities	25	38	27	31	43	54	56	58	62	66	68	66
	5	5	4	4	9	9	14	12	10	10	14	14
CWIP	0	0	0	0	0	0	0	0	0	1	1	1
Investments	0	0	0	0	0	0	0	5	4	3	3	3
	19	33	22	27	34	45	42	41	47	53	49	48
Total Assets	25	38	27	31	43	54	56	58	62	66	68	66

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	79	140	114	127	117	138	92	115	94	114	103
Inventory Days	70	36	16	48	46	65	64	83	75	39	30
Days Payable	104	185	98	142	169	167	131	136	117	146	74
Cash Conversion Cycle	45	-9	31	32	-7	36	25	63	53	6	59
Working Capital Days	41	34	62	65	46	96	82	98	65	55	66
ROCE %		20%	19%	26%	29%	24%	22%	8%	3%	7%	15%

Shareholding Pattern

Numbers in percentages

	Sep 2020	Mar 2021	Sep 2021	Oct 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	69.07%	69.07%	69.07%	69.07%	69.07%	68.06%	68.06%	67.65%	67.53%	67.53%	67.48%	71.31%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.00%	1.81%	1.81%	1.72%	0.00%	0.00%	0.00%
	30.92%	30.93%	30.92%	30.94%	30.93%	30.94%	30.12%	30.53%	30.76%	32.48%	32.52%	28.69%
No. of Shareholders	173	178	180	190	613	7,733	6,381	7,832	7,044	7,980	7,181	8,303

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	68.42%	68.99%	69.07%	69.07%	69.07%	67.53%	71.31%
	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%	28.69%
No. of Shareholders	209	197	190	178	613	7,044	8,303

* 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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