Dev Accelerator Ltd

Dev Accele. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dev Accelerator Ltd

₹ 43.9 -0.68%
12 Dec - close price
devx.work BSE: 544513 NSE: DEVX
About

Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments[1]

Key Points

Business Profile[1]
The company is among the largest flex space operators in Tier-2 markets, offering managed and co-working spaces, along with design & execution (via Neddle & Thread Designs), payroll & facility management, and IT/ITeS services (via Saasjoy Solutions).

Website BSE NSE
  • Market Cap ₹ 396 Cr.
  • Current Price ₹ 43.9
  • High / Low ₹ 64.4 / 40.3
  • Stock P/E 227
  • Book Value ₹ 20.2
  • Dividend Yield 0.00 %
  • ROCE 11.9 %
  • ROE 4.55 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -13.0%
  • Promoter holding is low: 36.8%
  • Debtor days have increased from 52.1 to 97.1 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

Services Services Commercial Services & Supplies Diversified Commercial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024 Sep 2024 Mar 2025 Jun 2025 Sep 2025
24.91 34.47 65.40 55.63 51.84
10.90 16.34 34.09 29.24 25.42
Operating Profit 14.01 18.13 31.31 26.39 26.42
OPM % 56.24% 52.60% 47.87% 47.44% 50.96%
0.22 14.33 2.94 1.32 2.71
Interest 8.76 11.38 15.18 12.26 12.64
Depreciation 11.13 14.44 16.54 14.51 14.80
Profit before tax -5.66 6.64 2.53 0.94 1.69
Tax % 5.48% 6.02% 16.60% 85.11% -3.55%
-5.97 6.24 2.12 0.14 1.76
EPS in Rs -4,294.96 0.93 0.31 0.02 0.20
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
31 70 108 159
17 40 43 78
Operating Profit 14 30 65 80
OPM % 45% 43% 60% 51%
0 2 3 19
Interest 7 17 31 45
Depreciation 15 30 45 52
Profit before tax -8 -16 -9 3
Tax % -9% -20% -105% 34%
-8 -13 0 2
EPS in Rs -6,953.70 -10,516.39 316.18 0.26
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 73%
TTM: 47%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 31%
TTM: 241%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.01 0.01 0.01 13 22
Reserves -6 -2 25 38 161
89 239 328 389 323
18 46 57 100 132
Total Liabilities 101 282 411 540 638
79 228 269 293 295
CWIP 0 0 0 0 14
Investments 1 1 9 53 53
21 54 133 193 275
Total Assets 101 282 411 540 638

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
14 26 8 94
-7 -24 -41 -38
-6 -4 33 -53
Net Cash Flow 1 -1 0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 23 19 40 97
Inventory Days
Days Payable
Cash Conversion Cycle 23 19 40 97
Working Capital Days -213 -265 -146 -114
ROCE % 1% 8% 12%

Shareholding Pattern

Numbers in percentages

10 Recently
Sep 2025
36.81%
3.37%
6.96%
52.85%
No. of Shareholders 25,216

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.

DRHP

Concalls