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Last Updated: April 2, 2026, 4:27 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543848 | NSE: DEVLAB

Dev Labtech Venture Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹108.34Undervalued by 20.51%vs CMP ₹89.90

P/E (92.7) × ROE (3.9%) × BV (₹37.20) × DY (2.00%)

₹36.23Overvalued by 59.70%vs CMP ₹89.90
MoS: -148.1% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹82.6823%Fair (-8%)
Graham NumberEarnings₹29.0816%Over (-67.7%)
Earnings PowerEarnings₹7.8811%Over (-91.2%)
DCFCash Flow₹8.6314%Over (-90.4%)
Net Asset ValueAssets₹37.067%Over (-58.8%)
EV/EBITDAEnterprise₹34.309%Over (-61.8%)
Earnings YieldEarnings₹10.107%Over (-88.8%)
ROCE CapitalReturns₹23.257%Over (-74.1%)
Revenue MultipleRevenue₹44.035%Over (-51%)
Consensus (9 models)₹36.23100%Overvalued
Key Drivers: EPS CAGR -23.7% drags value — could be higher if earnings stabilize. | ROE 3.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -23.7%

*Investments are subject to market risks

Investment Snapshot

47
Dev Labtech Venture Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 5.7% WeakROE 3.9% WeakD/E 1.20 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 56.7% Stable
Earnings Quality40/100 · Moderate
OPM stable around 6% SteadyWorking capital: 261 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +75% YoY AcceleratingProfit (4Q): -39% YoY DecliningOPM: 2.0% (down 8.1% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 92.7 vs industry 153.0 Cheaper than peersROCE 5.7% vs industry 11.7% Below peersROE 3.9% vs industry 22.9% Below peers3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:27 am

Market Cap 107 Cr.
Current Price 89.9
Intrinsic Value₹36.23
High / Low 105/52.0
Stock P/E92.7
Book Value 37.2
Dividend Yield0.00 %
ROCE5.70 %
ROE3.85 %
Face Value 10.0
PEG Ratio-3.92

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

View Share Price Target for Dev Labtech Venture Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dev Labtech Venture Ltd 107 Cr. 89.9 105/52.092.7 37.20.00 %5.70 %3.85 % 10.0
Aayush Food And Herbs Ltd 141 Cr. 29.1 267/26.931.4 2.190.09 %51.0 %51.1 % 1.00
Alfred Herbert (India) Ltd 187 Cr. 2,425 3,974/1,9525.94 7,3400.21 %5.86 %5.22 % 10.0
Atlanta Ltd 207 Cr. 25.427.1/10.3 6.430.00 %0.67 %% 2.00
Datasoft Applications Software (India) Ltd 298 Cr. 108 378/83.411.7 15.70.00 %22.9 %17.8 % 10.0
Industry Average7,439.67 Cr186.66153.03219.100.31%11.73%22.92%9.00

All Competitor Stocks of Dev Labtech Venture Ltd

Quarterly Result

MetricMar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 19.439.6620.6820.9222.3019.5132.9049.24
Expenses 18.998.6419.8018.8221.5318.3031.0348.27
Operating Profit 0.441.020.882.100.771.211.870.97
OPM % 2.26%10.56%4.26%10.04%3.45%6.20%5.68%1.97%
Other Income 0.110.160.000.010.000.000.000.00
Interest 0.060.050.050.070.050.050.070.04
Depreciation 0.040.270.290.460.470.500.610.56
Profit before tax 0.450.860.541.580.250.661.190.37
Tax % 15.56%34.88%18.52%17.09%88.00%25.76%31.93%5.41%
Net Profit 0.370.570.451.310.030.480.810.34
EPS in Rs 2.941.170.541.580.040.460.720.29

Last Updated: March 3, 2026, 11:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 3:52 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 11.7912.2426.9830.3443.2252.4182.14
Expenses 11.4111.9626.2828.4340.3549.3379.30
Operating Profit 0.380.280.701.912.873.082.84
OPM % 3.22%2.29%2.59%6.30%6.64%5.88%3.46%
Other Income 0.000.040.120.160.010.000.00
Interest 0.180.160.140.100.120.120.11
Depreciation 0.150.110.090.550.931.111.17
Profit before tax 0.050.050.591.421.831.851.56
Tax % 100.00%40.00%16.95%27.46%26.78%29.73%
Net Profit 0.000.040.491.021.341.291.15
EPS in Rs 0.001.913.901.231.621.141.01
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)1125.00%108.16%31.37%-3.73%
Change in YoY Net Profit Growth (%)0.00%-1016.84%-76.79%-35.10%

Dev Labtech Venture Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2021-2022 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:35%
3 Years:25%
TTM:21%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:48%
TTM:-4%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-26%
Return on Equity
10 Years:%
5 Years:6%
3 Years:5%
Last Year:4%

Last Updated: September 5, 2025, 3:11 pm

Balance Sheet

Last Updated: December 4, 2025, 2:44 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.210.211.268.278.2711.3011.86
Reserves 1.241.280.7710.6117.5129.8732.25
Borrowings 1.541.781.231.131.101.071.07
Other Liabilities 4.133.875.683.721.791.533.94
Total Liabilities 7.127.148.9423.7328.6743.7749.12
Fixed Assets 0.810.710.374.155.014.894.36
CWIP 0.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.01
Other Assets 6.316.438.5719.5823.6638.8844.75
Total Assets 7.127.148.9423.7328.6743.7749.12

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.30-0.080.18-5.72-9.28-13.06
Cash from Investing Activity + -0.02-0.010.36-4.17-1.78-0.99
Cash from Financing Activity + -0.260.08-0.5015.635.4313.94
Net Cash Flow 0.02-0.010.045.74-5.63-0.11
Free Cash Flow 0.28-0.090.54-9.89-11.07-14.05
CFO/OP 79%-25%27%-287%-310%-404%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.16-1.50-0.530.781.772.01

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 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 70.2889.1655.2056.5416.1333.43
Inventory Days 191.01123.3848.27122.84208.18285.06
Days Payable 192.65160.2285.8833.955.375.04
Cash Conversion Cycle 68.6352.3217.58145.43218.94313.45
Working Capital Days 46.4456.3633.28119.58183.94261.02
ROCE %6.71%18.99%11.69%8.32%5.70%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Sep 2023Mar 2024Sep 2024Dec 2024Mar 2025Apr 2025Sep 2025
Promoters 68.01%68.01%68.01%54.58%52.35%54.55%56.69%56.69%
Public 31.99%31.99%32.00%45.42%47.65%45.45%43.31%43.31%
No. of Shareholders 682482469613830845838955

Shareholding Pattern Chart

No. of Shareholders

Dev Labtech Venture 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 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.311.620.963.471.74
Diluted EPS (Rs.) 1.091.620.963.471.74
Cash EPS (Rs.) 2.132.751.904.166.84
Book Value[Excl.RevalReserv]/Share (Rs.) 36.4231.1622.8315.2870.86
Book Value[Incl.RevalReserv]/Share (Rs.) 36.4231.1622.8315.2870.86
Revenue From Operations / Share (Rs.) 46.3752.2636.68213.58584.18
PBDIT / Share (Rs.) 2.723.482.315.4215.30
PBIT / Share (Rs.) 1.742.361.644.7410.20
PBT / Share (Rs.) 1.632.211.703.632.61
Net Profit / Share (Rs.) 1.141.621.233.471.74
PBDIT Margin (%) 5.866.666.292.532.61
PBIT Margin (%) 3.754.504.462.211.74
PBT Margin (%) 3.524.234.641.690.44
Net Profit Margin (%) 2.463.103.351.620.29
Return on Networth / Equity (%) 3.145.205.3922.712.45
Return on Capital Employeed (%) 4.637.226.7719.087.35
Return On Assets (%) 2.954.674.294.910.51
Long Term Debt / Equity (X) 0.020.040.050.590.93
Total Debt / Equity (X) 0.020.040.050.631.20
Asset Turnover Ratio (%) 1.451.651.863.351.72
Current Ratio (X) 29.5414.015.241.441.45
Quick Ratio (X) 5.022.283.180.900.77
Inventory Turnover Ratio (X) 2.010.160.838.341.03
Interest Coverage Ratio (X) 25.4924.4318.294.892.02
Interest Coverage Ratio (Post Tax) (X) 11.7212.389.233.311.23
Enterprise Value (Cr.) 68.2183.6437.440.000.00
EV / Net Operating Revenue (X) 1.301.941.230.000.00
EV / EBITDA (X) 22.1729.0419.600.000.00
MarketCap / Net Operating Revenue (X) 1.281.911.390.000.00
Price / BV (X) 1.633.212.230.000.00
Price / Net Operating Revenue (X) 1.281.911.390.000.00
EarningsYield 0.010.010.020.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dev Labtech Venture Ltd. is a Public Limited Listed company incorporated on 29/04/1993 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L36100GJ1993PLC019374 and registration number is 019374. Currently company belongs to the Industry of Gems, Jewellery & Precious Metals. Company's Total Operating Revenue is Rs. 52.41 Cr. and Equity Capital is Rs. 11.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsGF/22-23, Pattani Plaza, Bhavnagar Gujarat 364002Contact not found
Management
NamePosition Held
Mr. Jerambhai Lavjibhai DondaChairman & Managing Director
Mr. Jay Jerambhai DondaWholeTime Director & CFO
Mrs. Dimple Jay DondaNon Executive Director
Mr. Vivekbhai Tulsibhai MavaniInd. Non-Executive Director
Mr. Brijeshkumar Maheshbhai PathakInd. Non-Executive Director

FAQ

What is the intrinsic value of Dev Labtech Venture Ltd and is it undervalued?

As of 15 April 2026, Dev Labtech Venture Ltd's intrinsic value is ₹36.23, which is 59.70% lower than the current market price of ₹89.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.85 %), book value (₹37.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dev Labtech Venture Ltd?

Dev Labtech Venture Ltd is trading at ₹89.90 as of 15 April 2026, with a FY2026-2027 high of ₹105 and low of ₹52.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹107 Cr..

How does Dev Labtech Venture Ltd's P/E ratio compare to its industry?

Dev Labtech Venture Ltd has a P/E ratio of 92.7, which is below the industry average of 153.03. This is broadly in line with or below the industry average.

Is Dev Labtech Venture Ltd financially healthy?

Key indicators for Dev Labtech Venture Ltd: ROCE of 5.70 % is on the lower side compared to the industry average of 11.73%; ROE of 3.85 % is below ideal levels (industry average: 22.92%). Dividend yield is 0.00 %.

Is Dev Labtech Venture Ltd profitable and how is the profit trend?

Dev Labtech Venture Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹52 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Dev Labtech Venture Ltd pay dividends?

Dev Labtech Venture Ltd has a dividend yield of 0.00 % at the current price of ₹89.90. The company is currently not paying meaningful dividends.

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 Labtech Venture 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
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