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.
INDUSTRY
ADDRESS
CONTACT
IT Consulting & Software
14, Aaryans Corporate Park, Ahmedabad Gujarat 380059
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:
47%
3 Years:
71%
1 Year:
9%
Return on Equity
10 Years:
10%
5 Years:
7%
3 Years:
12%
Last Year:
19%
Last Updated: July 25, 2024, 4:51 am
Dev Information Technology Ltd Balance Sheet
Last Updated: July 10, 2024, 4:30 pm
Month
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
Borrowings
5
6
8
8
8
9
11
11
11
10
7
10
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Dev Information Technology Ltd Reserves and Borrowings Chart
Dev Information Technology Ltd Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating Activity
-0
3
1
2
6
-3
7
5
6
6
-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
-1
6
0
1
-1
-3
-4
4
Net Cash Flow
-1
2
0
0
-1
2
0
-2
4
1
-7
1
Dev Information Technology Ltd Financial Efficiency Indicators
Month
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%
Dev Information Technology Ltd Financial Efficiency Indicators Chart
Dev Information Technology Ltd Share Holding Pattern
Month
Mar 2021
Sep 2021
Oct 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Promoters
69.07%
69.07%
69.07%
69.07%
68.06%
68.06%
67.65%
67.53%
67.53%
67.48%
71.31%
70.20%
FIIs
0.00%
0.00%
0.00%
0.00%
1.00%
1.81%
1.81%
1.72%
0.00%
0.00%
0.00%
0.00%
Public
30.93%
30.92%
30.94%
30.93%
30.94%
30.12%
30.53%
30.76%
32.48%
32.52%
28.69%
29.80%
No. of Shareholders
178
180
190
613
7,733
6,381
7,832
7,044
7,980
7,181
8,303
8,419
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
Month
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
FaceValue
5.00
5.00
10.00
10.00
10.00
Basic EPS (Rs.)
4.19
4.08
0.13
1.48
6.70
Diluted EPS (Rs.)
4.18
4.06
0.13
1.48
6.70
Cash EPS (Rs.)
4.84
4.64
2.66
5.15
10.56
Book Value[Excl.RevalReserv]/Share (Rs.)
25.92
18.81
29.69
61.73
60.74
Book Value[Incl.RevalReserv]/Share (Rs.)
25.92
18.81
29.69
61.73
60.74
Revenue From Operations / Share (Rs.)
72.75
56.13
90.41
153.32
124.16
PBDIT / Share (Rs.)
6.81
6.28
5.35
7.92
10.21
PBIT / Share (Rs.)
6.19
5.72
3.70
4.15
6.53
PBT / Share (Rs.)
5.56
5.09
2.85
2.23
6.84
Net Profit / Share (Rs.)
4.21
4.08
1.01
1.39
6.87
NP After MI And SOA / Share (Rs.)
4.13
4.06
0.12
1.48
6.70
PBDIT Margin (%)
9.36
11.18
5.91
5.16
8.22
PBIT Margin (%)
8.50
10.18
4.09
2.70
5.25
PBT Margin (%)
7.63
9.06
3.15
1.45
5.50
Net Profit Margin (%)
5.79
7.26
1.11
0.90
5.53
NP After MI And SOA Margin (%)
5.67
7.22
0.13
0.96
5.39
Return on Networth / Equity (%)
16.74
21.60
0.40
2.41
11.11
Return on Capital Employeed (%)
21.57
27.78
12.00
6.42
10.07
Return On Assets (%)
9.72
13.24
0.20
1.29
6.37
Long Term Debt / Equity (X)
0.07
0.08
0.02
0.03
0.05
Total Debt / Equity (X)
0.23
0.17
0.29
0.30
0.30
Asset Turnover Ratio (%)
2.00
1.82
1.52
1.39
1.16
Current Ratio (X)
2.10
2.08
1.52
1.61
1.69
Quick Ratio (X)
2.10
1.85
1.37
1.29
1.43
Inventory Turnover Ratio (X)
28.91
6.30
3.06
6.25
4.71
Dividend Payout Ratio (NP) (%)
0.00
6.15
205.97
33.77
7.46
Dividend Payout Ratio (CP) (%)
0.00
5.40
14.13
9.52
4.81
Earning Retention Ratio (%)
0.00
93.85
-105.97
66.23
92.54
Cash Earning Retention Ratio (%)
0.00
94.60
85.87
90.48
95.19
Interest Coverage Ratio (X)
10.80
10.01
6.31
4.12
4.00
Interest Coverage Ratio (Post Tax) (X)
7.68
7.50
2.19
1.72
2.57
Enterprise Value (Cr.)
237.71
213.00
142.39
61.34
40.49
EV / Net Operating Revenue (X)
1.45
1.72
1.43
0.72
0.59
EV / EBITDA (X)
15.53
15.33
24.11
14.03
7.18
MarketCap / Net Operating Revenue (X)
1.39
1.70
1.44
0.73
0.53
Retention Ratios (%)
0.00
93.84
-105.97
66.22
92.53
Price / BV (X)
4.11
5.08
4.38
1.82
1.09
Price / Net Operating Revenue (X)
1.39
1.70
1.44
0.73
0.53
EarningsYield
0.04
0.04
0.00
0.01
0.10
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: 165.32
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: 14.80% compared to the current price 144
Intrinsic Value: 199.96
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: 38.86% compared to the current price 144
Last 5 Year EPS CAGR: 20.96%
*Investments are subject to market risks
Strength and Weakness of Dev Information Technology Ltd Stock
Strength
Weakness
The stock has a high average ROCE of 15.73%, which is a positive sign.
The company has higher reserves (19.83 cr) compared to borrowings (9.08 cr), indicating strong financial stability.
The company has shown consistent growth in sales (78.58 cr) and profit (4.58 cr) over the years.
The stock has a high average Working Capital Days of 64.55, which may not be favorable.
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 ₹165.32.
What is the Market Cap of Dev Information Technology Ltd?
The Market Cap of Dev Information Technology Ltd is 324 Cr..
What is the current Stock Price of Dev Information Technology Ltd as on 27 July 2024?
The current stock price of Dev Information Technology Ltd as on 27 July 2024 is 144.
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 34.8.
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.
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
