Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Dev Information Technology Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹27.21Fairly Valued by 0.69%vs CMP ₹27.40

P/E (136.0) × ROE (1.3%) × BV (₹19.40) × DY (0.73%)

₹83.34Undervalued by 204.16%vs CMP ₹27.40
MoS: +67.1% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹97.9023%Under (+257.3%)
Graham NumberEarnings₹72.5217%Under (+164.7%)
Earnings PowerEarnings₹9.2511%Over (-66.2%)
DCFCash Flow₹289.4411%Under (+956.4%)
Net Asset ValueAssets₹19.277%Over (-29.7%)
EV/EBITDAEnterprise₹17.509%Over (-36.1%)
Earnings YieldEarnings₹120.507%Under (+339.8%)
ROCE CapitalReturns₹13.247%Over (-51.7%)
Revenue MultipleRevenue₹30.236%Under (+10.3%)
Consensus (9 models)₹83.34100%Undervalued
Key Drivers: EPS CAGR 259.7% lifts DCF — verify sustainability. | P/E of 136 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 259.7%

*Investments are subject to market risks

Analyst Summary

Dev Information Technology Ltd operates in the IT Consulting & Software segment, current market price is ₹27.40, market cap is 155 Cr.. At a glance, stock P/E is 136, ROE is 1.28 %, ROCE is 3.46 %, book value is 19.4, dividend yield is 0.73 %. The latest intrinsic value estimate is ₹83.34, which is about 204.2% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹171 Cr versus the prior period change of 4.3%, while latest net profit is about ₹15 Cr with a prior-period change of 66.7%. The 52-week range shown on this page is 50.9/22.2, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisDev Information Technology Ltd. is a Public Limited Listed company incorporated on 23/12/1997 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CI…

This summary is generated from the stock page data available for Dev Information Technology Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

57
Dev Information Technology Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 3.5% WeakROE 1.3% WeakD/E 0.30 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 66.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 7% Steady
Quarterly Momentum100/100 · Strong
Revenue (4Q): +32% YoY AcceleratingProfit (4Q): +328% YoY StrongOPM: 6.0% (up 9.0% YoY) Margin expansion
Industry Rank30/100 · Weak
P/E 136.0 vs industry 131.4 In-lineROCE 3.5% vs industry 15.2% Below peersROE 1.3% vs industry 17.2% Below peers3Y sales CAGR: 20% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:45 am

Market Cap 155 Cr.
Current Price 27.4
Intrinsic Value₹83.34
High / Low 50.9/22.2
Stock P/E136
Book Value 19.4
Dividend Yield0.73 %
ROCE3.46 %
ROE1.28 %
Face Value 2.00
PEG Ratio0.52

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dev Information Technology Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dev Information Technology Ltd 155 Cr. 27.4 50.9/22.2136 19.40.73 %3.46 %1.28 % 2.00
Ace Software Exports Ltd 164 Cr. 114 302/10637.6 66.10.00 %5.83 %4.19 % 10.0
Trigyn Technologies Ltd 167 Cr. 54.3 102/37.379.2 2590.00 %2.29 %0.27 % 10.0
Elnet Technologies Ltd 132 Cr. 331 411/2856.58 4390.57 %15.4 %12.1 % 10.0
Xelpmoc Design and Tech Ltd 131 Cr. 88.4 165/83.0 50.70.00 %10.6 %10.5 % 10.0
Industry Average16,812.45 Cr471.68131.39128.410.76%15.17%17.23%6.68

All Competitor Stocks of Dev Information Technology Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 26274460283243353648524349
Expenses 24293957262937303745493945
Operating Profit 2-2532266-13343
OPM % 7%-6%11%5%7%8%14%16%-3%6%5%8%6%
Other Income 060010101200094
Interest 0000000111111
Depreciation 0000000111111
Profit before tax 24432265922396
Tax % 31%24%19%32%16%15%27%22%14%18%30%21%25%
Net Profit 13422244821272
EPS in Rs 0.210.520.600.330.300.310.740.631.490.310.220.3712.75

Last Updated: January 1, 2026, 11:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5746476470786985100124164171187
Expenses 544242576168648296117150160184
Operating Profit 3356910534714103
OPM % 5%7%10%10%12%12%7%3%4%6%8%6%2%
Other Income 001001211721396
Interest 1112221111132
Depreciation 1111222221133
Profit before tax 22346740211121893
Tax % 27%28%36%33%28%35%-1%860%104%20%24%18%
Net Profit 1123444-0-0991568
EPS in Rs 2.122.443.960.740.690.790.67-0.060.021.621.652.6412.05
Dividend Payout % 7%8%6%7%7%6%7%0%425%6%6%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212023-20242024-2025
YoY Net Profit Growth (%)0.00%100.00%50.00%33.33%0.00%0.00%-100.00%0.00%66.67%
Change in YoY Net Profit Growth (%)0.00%100.00%-50.00%-16.67%-33.33%0.00%-100.00%100.00%66.67%

Dev Information Technology Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:20%
3 Years:20%
TTM:29%
Compounded Profit Growth
10 Years:28%
5 Years:46%
3 Years:385%
TTM:22%
Stock Price CAGR
10 Years:%
5 Years:33%
3 Years:2%
1 Year:-16%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:22%
Last Year:24%

Last Updated: September 5, 2025, 2:50 am

Balance Sheet

Last Updated: June 24, 2026, 6:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 0.500.50466661111111111
Reserves 81012202428272230445798
Borrowings 8889111111107152031
Other Liabilities 101219191514182419253449
Total Liabilities 27314354565862666895122189
Fixed Assets 44991412101014222327
CWIP -0-0-0-00001134-0
Investments 0000054333448
Other Assets 2227344542414753496792114
Total Assets 27314354565862666895122189

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 126-37566-2-1-9-2
Cash from Investing Activity + -0-0-6-1-7-7-0-2-1-29-1
Cash from Financing Activity + -0-1-1601-1-3-44-27
Net Cash Flow 00-120-241-71-24
Free Cash Flow 010-4-0254-7-3-13-5
CFO/OP 23%53%94%-32%74%135%125%227%-18%15%-46%73%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow3.00-5.00-3.00-2.000.00-1.00-6.00-8.00-6.000.00-1.00-10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1401141271171389211594114103114159
Inventory Days 3616484665648375396075
Days Payable 18598142169167131136117146150122
Cash Conversion Cycle -93132-73625635361468159
Working Capital Days 346233205751532422556282
ROCE %20%19%26%29%24%22%8%3%7%28%23%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 67.53%67.53%67.48%71.31%70.20%70.20%68.74%66.63%66.63%66.63%66.63%66.63%
FIIs 1.72%0.00%0.00%0.00%0.00%0.00%1.45%1.48%0.45%0.33%0.33%0.33%
Public 30.76%32.48%32.52%28.69%29.80%29.80%29.82%31.88%32.93%33.03%33.03%33.03%
No. of Shareholders 7,0447,9807,1818,3038,4199,22914,10419,31720,45923,70634,02330,359

Shareholding Pattern Chart

No. of Shareholders

Dev Information Technology Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.0010.0010.00
Basic EPS (Rs.) 6.614.194.080.131.48
Diluted EPS (Rs.) 6.604.184.060.131.48
Cash EPS (Rs.) 7.914.844.642.665.15
Book Value[Excl.RevalReserv]/Share (Rs.) 30.4525.9218.8129.6961.73
Book Value[Incl.RevalReserv]/Share (Rs.) 30.4525.9218.8129.6961.73
Revenue From Operations / Share (Rs.) 75.7472.7556.1390.41153.32
PBDIT / Share (Rs.) 10.536.816.285.357.92
PBIT / Share (Rs.) 9.186.195.723.704.15
PBT / Share (Rs.) 8.025.565.092.852.23
Net Profit / Share (Rs.) 6.564.214.081.011.39
NP After MI And SOA / Share (Rs.) 6.604.134.060.121.48
PBDIT Margin (%) 13.899.3611.185.915.16
PBIT Margin (%) 12.118.5010.184.092.70
PBT Margin (%) 10.597.639.063.151.45
Net Profit Margin (%) 8.665.797.261.110.90
NP After MI And SOA Margin (%) 8.715.677.220.130.96
Return on Networth / Equity (%) 21.6716.7521.600.402.41
Return on Capital Employeed (%) 26.6421.5727.7812.006.42
Return On Assets (%) 12.189.7213.240.201.29
Long Term Debt / Equity (X) 0.090.070.080.020.03
Total Debt / Equity (X) 0.260.230.170.290.30
Asset Turnover Ratio (%) 1.572.001.821.521.39
Current Ratio (X) 1.912.102.081.521.61
Quick Ratio (X) 1.741.891.851.371.29
Inventory Turnover Ratio (X) 25.020.006.303.066.25
Dividend Payout Ratio (NP) (%) 7.555.956.15205.9733.77
Dividend Payout Ratio (CP) (%) 6.275.175.4014.139.52
Earning Retention Ratio (%) 92.4594.0593.85-105.9766.23
Cash Earning Retention Ratio (%) 93.7394.8394.6085.8790.48
Interest Coverage Ratio (X) 9.1310.8010.016.314.12
Interest Coverage Ratio (Post Tax) (X) 6.697.687.502.191.72
Enterprise Value (Cr.) 266.72237.71213.00142.3961.34
EV / Net Operating Revenue (X) 1.561.451.721.430.72
EV / EBITDA (X) 11.2515.5315.3324.1114.03
MarketCap / Net Operating Revenue (X) 1.471.391.701.440.73
Retention Ratios (%) 92.4494.0493.84-105.9766.22
Price / BV (X) 3.654.115.084.381.82
Price / Net Operating Revenue (X) 1.471.391.701.440.73
EarningsYield 0.050.040.040.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dev Information Technology Ltd. is a Public Limited Listed company incorporated on 23/12/1997 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L30000GJ1997PLC033479 and registration number is 033479. Currently Company is involved in the business activities of Providing software support and maintenance to the clients. Company's Total Operating Revenue is Rs. 161.98 Cr. and Equity Capital is Rs. 11.27 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
IT Consulting & Software14, Aaryans Corporate Park, Ahmedabad Gujarat 380059Contact not found
Management
NamePosition Held
Mr. Pranav Niranjanbhai PandyaChairman & Wholetime Director
Mr. Jaimin Jagdishbhai ShahManaging Director & CEO
Mr. Vishal Nagendra VasuDirector & CTO
Mr. Prerak Pradyumna ShahDirector & Joint CEO
Dr. V V Rama Subba RaoIndependent Director
Mr. Bhavin BhagatIndependent Director
Dr.(Ms.) Rama MoondraIndependent Woman Director
Mr. Umesh RatejaIndependent Director

FAQ

What is the intrinsic value of Dev Information Technology Ltd and is it undervalued?

As of 25 June 2026, Dev Information Technology Ltd's intrinsic value is ₹83.34, which is 204.16% higher than the current market price of ₹27.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.28 %), book value (₹19.4), dividend yield (0.73 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dev Information Technology Ltd?

Dev Information Technology Ltd is trading at ₹27.40 as of 25 June 2026, with a FY2026-2027 high of ₹50.9 and low of ₹22.2. The stock is currently near its 52-week low. Market cap stands at ₹155 Cr..

How does Dev Information Technology Ltd's P/E ratio compare to its industry?

Dev Information Technology Ltd has a P/E ratio of 136, which is above the industry average of 131.39. The premium over industry average may reflect growth expectations or speculative interest.

Is Dev Information Technology Ltd financially healthy?

Key indicators for Dev Information Technology Ltd: ROCE of 3.46 % is on the lower side compared to the industry average of 15.17%; ROE of 1.28 % is below ideal levels (industry average: 17.23%). Dividend yield is 0.73 %.

Is Dev Information Technology Ltd profitable and how is the profit trend?

Dev Information Technology Ltd reported a net profit of ₹15 Cr in Mar 2025 on revenue of ₹171 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Dev Information Technology Ltd pay dividends?

Dev Information Technology Ltd has a dividend yield of 0.73 % at the current price of ₹27.40. The company pays dividends, though the yield is modest.

Last Updated: June 12, 2026, 4:45 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dev Information Technology Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports