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    Technology services

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    Information technology services
Dev Information Technology Ltd

Dev Information Technology Ltd

19.02
INR
+0.13
(+0.69%)
13.26EPS
2.12P/E
1.61BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
14.17
11.13
11.88
11.54
12.67
13.7
12.39
15.28
18.07
22.48
29.48
30.24
33.34
33.86
Basic EPS, GAAP
0.28
0.32
0.52
0.54
0.7
0.79
0.67
-0.06
0.02
1.62
1.68
2.64
13.45
13.45
Free Cash Flow per Basic Share
0.56
0.06
0.34
0.04
-0.73
-0.1
0.34
0.92
0.77
-1.34
-0.5
-2.39
-2.92
- -
Dividend per Share
0.01
0.02
0.03
0.03
0.06
0.06
0.06
0.05
0.05
0.1
0.1
0.2
0.1
- -
Book Value per Share
1.43
1.63
1.97
2.93
4.7
5.41
6.03
5.96
5.94
7.51
9.86
12.18
19.4
- -
Tangible Book Value per Share
1.43
1.63
1.97
2.22
4.12
4.98
5.4
5.69
5.5
6.25
7.73
9.53
16.69
- -
Basic Weighted Avg Shares
40
40
40
55
55
55
55
55
55
55
55
56
56
56
Sales/Revenue/Turnover
564
443
473
637
694
757
684
844
997
1,241
1,633
1,701
1,878
1,906
Operating Margin (%)
4.19
5.85
8.74
8.9
9.85
8.12
4.75
2.21
4.93
4.85
7.65
4.62
1.31
0.11
Depreciation Expense
5
8
6
8
17
18
20
21
18
12
14
30
33
29
Net Income, GAAP
11
13
21
30
38
44
37
-3
1
90
93
149
758
757
Effective Tax Rate (%)
26.82
27.74
39.39
33.07
27.97
35.25
- -
1,470.36
103.61
19.86
24.16
18.25
20.21
20.25
Profit Margin (%)
1.95
2.86
4.35
4.69
5.52
5.78
5.41
-0.38
0.13
7.23
5.69
8.74
40.34
39.73
Working Capital
45
54
78
87
183
163
150
161
168
239
340
403
477
- -
LT Debt
22
22
25
22
12
39
18
14
8
37
55
79
120
- -
Total Equity
79
90
109
162
261
301
335
331
328
416
583
688
1,093
- -
Return on Invested Capital (%)
8.39
8.21
10.99
13.64
16
13.07
- -
-56.16
-0.32
10.05
15.47
7.67
67.77
- -
Return on Capital (%)
8.19
8.14
16.49
18.64
14.39
13.72
- -
-27.65
0.72
21.24
16.48
20.26
68.15
- -
Return on Common Equity (%)
14.93
15.05
20.72
22.05
18.16
15.65
11.71
-0.97
0.41
24.15
19.15
23.97
85.16
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
186
- -
LT Borrowings
- -
107
- -
LT Finance Leases
- -
13
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
56
56
Market Capitalization
1,834
1,309
1,609

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,079
- -
Cash, Cash Equivalents & STI
- -
62
- -
Accounts Receivable, Net
- -
910
- -
Inventories
- -
65
- -
Total Current Liabilities
- -
602
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
186
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.8%
28.6%
58.95%
Free Cash Flow
-239.18%
10.43%
22.51%
Net Income, GAAP
689.2%
1,385.73%
409.51%
Sales/Revenue/Turnover
15.52%
17.76%
10.45%
Total Cash Common Dividend
- -
- -
-49.88%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
355
359
477
516
1,701
2026
430
485
441
539
1,878
2027
441
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.62
1.5
0.31
0.22
2.64
2026
0.38
12.75
-1.3
1.59
13.45
2027
0.37
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
0.1
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jaimin Shah
Full Time Employees
1,083
Sector
Technology services
Industry
Information technology services
Address
14, Aaryans Corporate Park Ahmedabad GJ India 380059
IPO Date
Apr 17, 2017
Website
devitpl.com
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Business
Dev Information Technology Limited (NSE: DEVIT, BSE: 543462), founded in 1997 and headquartered in Ahmedabad, India, provides information technology enabled services with a focus on digital transformation to clients in India, Europe, North America, and internationally. The company offers cloud services including cloud advisory, application modernization, managed cloud services, enterprise DevOps, backup and disaster recovery; digital transformation solutions such as modern workplace, M365 migration services, hybrid and remote work enablement, cybersecurity services, data and analytics, blockchain solutions; enterprise applications encompassing Microsoft Dynamics 365 Finance and Operations, Dynamics 365 CRM, Dynamics 365 Business Central, Microsoft Power Platform; managed IT services like data center support and managed digital workplace; application development covering bespoke software, eGov platforms, mobile app development; infrastructure management services including incident management, problem management, helpdesk, server management, database administration, network and firewall; enterprise resource planning and customer relationship management applications; enterprise mobility services; office 365 planning, licensing and implementation; digital commerce, digital marketing, document digitization; cybersecurity services; digital signatures and SSL certificates; and software product licensing, maintenance, technical support, and resale. Geographically, it operates primarily from India with global delivery capabilities serving government, enterprise, and private sector clients across diverse industries. Recent developments include securing multiple contracts in 2025 such as cybersecurity deals from a USA enterprise in February, a digitization project from GEDA in February, a government contract for IFMS 3.0 implementation in Rajasthan in March, and an order worth Rs 40 lakh from NICSI for Cooperative Management System 2.0 (Raj Sahakar) in September; board approval in October 2025 for issuing up to 1.5 crore convertible warrants worth Rs 68.18 crore to Aeroflex Enterprises Limited at Rs 45.45 each to fund working capital, expansions, investments in emerging technologies like cloud and AI-based solutions, datacenter management, and global scaling; a 5-for-2 stock split with final dividend recommendation in September 2025; and its subsidiary Dev Accelerator (formerly DevX) filing and launching an IPO in September 2025 raising Rs 143.35 crore.