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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Dev Information Technology Ltd

About the Company - Dev Information Technology Ltd

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. 99.03 Cr. and Equity Capital is Rs. 11.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & Software14, Aaryans Corporate Park, Ahmedabad Gujarat 380059cs@devitpl.com
http://www.devitpl.com
Management
NamePosition Held
Mr. Pranav Niranjanbhai PandyaChairman & Wholetime Director
Mr. Jaimin Jagdishbhai ShahManaging Director
Mr. Vishal Nagendra VasuWhole Time Director
Dr. V V Rama Subba RaoIndependent Director
Mr. Jatin Y TrivediIndependent Director
Mr. Prerak Pradyumna ShahWhole Time Director
Ms. Rama MoondraIndependent Woman Director
Mr. Umesh RatejaIndependent Director

Basic Stock Data of Dev Information Technology Ltd

Last Updated: July 18, 2024, 11:13 pm

Market Cap 331 Cr.
Current Price 147
High / Low175/94.0
Stock P/E35.6
Book Value 24.7
Dividend Yield0.17 %
ROCE22.8 %
ROE19.2 %
Face Value 5.00
PEG Ratio1.70

Data Source: screener.in

Dev Information Technology Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales24.5623.0216.1329.0831.5926.5725.9927.3444.2660.4627.9531.74
Expenses23.8921.7615.3428.7330.3624.6024.1629.0739.4157.3925.9029.29
Operating Profit0.671.260.790.351.231.971.83-1.734.853.072.052.45
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%
Other Income0.080.180.210.280.310.370.376.030.200.220.560.23
Interest0.310.300.210.130.300.330.340.480.240.340.350.33
Depreciation0.580.570.400.280.580.270.320.290.370.270.300.33
Profit before tax-0.140.570.390.220.661.741.543.534.442.681.962.02
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%
Net Profit-0.240.07-0.12-0.290.161.691.072.663.591.831.661.71
EPS in Rs-0.100.05-0.03-0.110.100.730.531.291.500.820.740.77

Last Updated: July 10, 2024, 4:30 pm

Dev Information Technology Ltd Quarterly Chart

Dev Information Technology Ltd Profit & Loss

Last Updated: July 10, 2024, 4:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales435746476470786985100124160
Expenses41544242576168648296117152
Operating Profit2335691053478
OPM %5%5%7%10%10%12%12%7%3%4%6%5%
Other Income000100121177
Interest111122211111
Depreciation011112222211
Profit before tax12234674021113
Tax %51%27%28%36%33%28%35%-1%860%104%20%
Net Profit11123444-0-0910
EPS in Rs2.905.506.3510.301.851.741.991.68-0.150.064.064.35
Dividend Payout %9%7%8%6%7%7%6%7%0%425%6%

Dev Information Technology Ltd Profit & Loss Yearly Chart

Dev Information Technology Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:16%
3 Years:25%
TTM:32%
Compounded Profit Growth
10 Years:24%
5 Years:16%
3 Years:69%
TTM:100%
Stock Price CAGR
10 Years:%
5 Years:48%
3 Years:70%
1 Year:11%
Return on Equity
10 Years:10%
5 Years:7%
3 Years:12%
Last Year:19%

Last Updated: July 17, 2024, 5:49 pm

Dev Information Technology Ltd Balance Sheet

Last Updated: July 10, 2024, 4:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital000046666111111
Reserves678101220242827223034
Borrowings56888911111110710
Other Liabilities122310121919151418241912
Total Liabilities253827314354565862666866
Fixed Assets554499141210101414
CWIP000000000111
Investments000000054333
Other Assets193322273445424147534948
Total Assets253827314354565862666866

Dev Information Technology Ltd Reserves and Borrowings Chart

Dev Information Technology Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -03126-37566-2-1
Cash from Investing Activity -0-0-0-0-6-1-7-7-0-2-1-2
Cash from Financing Activity -1-0-0-1-1601-1-3-44
Net Cash Flow-1200-120-241-71

Dev Information Technology Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days791401141271171389211594114103
Inventory Days7036164846656483753930
Days Payable1041859814216916713113611714674
Cash Conversion Cycle45-93132-736256353659
Working Capital Days4134626546968298655566
ROCE %20%19%26%29%24%22%8%3%7%15%

Dev Information Technology Ltd Financial Efficiency Indicators Chart

Dev Information Technology Ltd Share Holding Pattern

MonthMar 2021Sep 2021Oct 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters69.07%69.07%69.07%69.07%68.06%68.06%67.65%67.53%67.53%67.48%71.31%70.20%
FIIs0.00%0.00%0.00%0.00%1.00%1.81%1.81%1.72%0.00%0.00%0.00%0.00%
Public30.93%30.92%30.94%30.93%30.94%30.12%30.53%30.76%32.48%32.52%28.69%29.80%
No. of Shareholders1781801906137,7336,3817,8327,0447,9807,1818,3038,419

Dev Information Technology Ltd Shareholding Pattern Chart

No. of Dev Information Technology Ltd Shareholders

This stock is not held by any mutual fund

Dev Information Technology Ltd ROCE Trend

Dev Information Technology Ltd EPS Trend

Dev Information Technology Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.0010.0010.0010.00
Basic EPS (Rs.)4.194.080.131.486.70
Diluted EPS (Rs.)4.184.060.131.486.70
Cash EPS (Rs.)4.844.642.665.1510.56
Book Value[Excl.RevalReserv]/Share (Rs.)25.9218.8129.6961.7360.74
Book Value[Incl.RevalReserv]/Share (Rs.)25.9218.8129.6961.7360.74
Revenue From Operations / Share (Rs.)72.7556.1390.41153.32124.16
PBDIT / Share (Rs.)6.816.285.357.9210.21
PBIT / Share (Rs.)6.195.723.704.156.53
PBT / Share (Rs.)5.565.092.852.236.84
Net Profit / Share (Rs.)4.214.081.011.396.87
NP After MI And SOA / Share (Rs.)4.134.060.121.486.70
PBDIT Margin (%)9.3611.185.915.168.22
PBIT Margin (%)8.5010.184.092.705.25
PBT Margin (%)7.639.063.151.455.50
Net Profit Margin (%)5.797.261.110.905.53
NP After MI And SOA Margin (%)5.677.220.130.965.39
Return on Networth / Equity (%)16.7421.600.402.4111.11
Return on Capital Employeed (%)21.5727.7812.006.4210.07
Return On Assets (%)9.7213.240.201.296.37
Long Term Debt / Equity (X)0.070.080.020.030.05
Total Debt / Equity (X)0.230.170.290.300.30
Asset Turnover Ratio (%)2.001.821.521.391.16
Current Ratio (X)2.102.081.521.611.69
Quick Ratio (X)2.101.851.371.291.43
Inventory Turnover Ratio (X)28.916.303.066.254.71
Dividend Payout Ratio (NP) (%)0.006.15205.9733.777.46
Dividend Payout Ratio (CP) (%)0.005.4014.139.524.81
Earning Retention Ratio (%)0.0093.85-105.9766.2392.54
Cash Earning Retention Ratio (%)0.0094.6085.8790.4895.19
Interest Coverage Ratio (X)10.8010.016.314.124.00
Interest Coverage Ratio (Post Tax) (X)7.687.502.191.722.57
Enterprise Value (Cr.)237.71213.00142.3961.3440.49
EV / Net Operating Revenue (X)1.451.721.430.720.59
EV / EBITDA (X)15.5315.3324.1114.037.18
MarketCap / Net Operating Revenue (X)1.391.701.440.730.53
Retention Ratios (%)0.0093.84-105.9766.2292.53
Price / BV (X)4.115.084.381.821.09
Price / Net Operating Revenue (X)1.391.701.440.730.53
EarningsYield0.040.040.000.010.10

Dev Information Technology Ltd Profitability Ratios (%)

Dev Information Technology Ltd Liquidity Ratios

Dev Information Technology Ltd Liquidity Ratios (%)

Dev Information Technology Ltd Interest Coverage Ratios (%)

Dev Information Technology Ltd Valuation Ratios

Fair Value

Fair Value: 169.12

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 15.05% compared to the current price 147

Intrinsic Value: 204.56

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 39.16% compared to the current price 147

Last 5 Year EPS CAGR: 20.96%

*Investments are subject to market risks

Strength and Weakness of Dev Information Technology Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.73%, which is a positive sign.
  2. The company has higher reserves (19.83 cr) compared to borrowings (9.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (78.58 cr) and profit (4.58 cr) over the years.
  1. The stock has a high average Working Capital Days of 64.55, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 30.36, which may not be favorable.

FAQ

What is the latest fair value of Dev Information Technology Ltd?

The latest fair value of Dev Information Technology Ltd is ₹169.12.

What is the Market Cap of Dev Information Technology Ltd?

The Market Cap of Dev Information Technology Ltd is 331 Cr..

What is the current Stock Price of Dev Information Technology Ltd as on 19 July 2024?

The current stock price of Dev Information Technology Ltd as on 19 July 2024 is 147.

What is the High / Low of Dev Information Technology Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dev Information Technology Ltd stocks is 175/94.0.

What is the Stock P/E of Dev Information Technology Ltd?

The Stock P/E of Dev Information Technology Ltd is 35.6.

What is the Book Value of Dev Information Technology Ltd?

The Book Value of Dev Information Technology Ltd is 24.7.

What is the Dividend Yield of Dev Information Technology Ltd?

The Dividend Yield of Dev Information Technology Ltd is 0.17 %.

What is the ROCE of Dev Information Technology Ltd?

The ROCE of Dev Information Technology Ltd is 22.8 %.

What is the ROE of Dev Information Technology Ltd?

The ROE of Dev Information Technology Ltd is 19.2 %.

What is the Face Value of Dev Information Technology Ltd?

The Face Value of Dev Information Technology Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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