Dev Accelerator Limited

Dev Accelerator Limited

41.92
INR
+1.35
(+3.33%)
1.33EPS
27.25P/E
3.41BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
3.42
7.75
11.98
17.62
28.51
29.16
Basic EPS, GAAP
-0.83
-1.42
0.05
0.19
1.11
1.32
Free Cash Flow per Basic Share
0.8
0.26
-2.97
9.1
-1.71
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.63
-0.26
2.8
5.68
20.18
- -
Tangible Book Value per Share
-0.65
-0.28
2.25
5.2
18.35
- -
Basic Weighted Avg Shares
90
90
90
90
79
77
Sales/Revenue/Turnover
309
699
1,081
1,589
2,259
2,241
Operating Margin (%)
-4.31
-0.42
18.2
17.85
22.67
22.82
Depreciation Expense
153
301
450
522
589
621
Net Income, GAAP
-75
-128
4
18
88
102
Effective Tax Rate (%)
- -
- -
- -
34.2
43.73
37.55
Profit Margin (%)
-24.33
-18.35
0.4
1.1
3.9
4.53
Working Capital
-162
-503
-426
-412
412
- -
LT Debt
676
1,870
2,450
2,901
2,603
- -
Total Equity
-21
12
288
548
1,857
- -
Return on Invested Capital (%)
- -
- -
- -
4.69
5.76
- -
Return on Capital (%)
- -
- -
- -
7.75
6.64
- -
Return on Common Equity (%)
- -
- -
- -
4.59
7.55
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,101
- -
LT Borrowings
- -
811
- -
LT Finance Leases
- -
1,792
- -
Preferred Equity and Hybrid Capital
- -
36
- -
Shares Outstanding
90
90
95
Market Capitalization
3,725
2,799
3,408

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,966
- -
Cash, Cash Equivalents & STI
- -
542
- -
Accounts Receivable, Net
- -
273
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,554
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,101
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
238.68%
Free Cash Flow
- -
- -
-116.49%
Net Income, GAAP
- -
- -
402.09%
Sales/Revenue/Turnover
- -
- -
42.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
345
497
654
1,589
2026
556
518
592
593
2,259
2027
538
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
0.69
0.08
0.23
0.19
2026
0.01
0.26
-0.15
0.98
1.11
2027
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

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

Company Description

CEO
Umesh Satishkumar Uttamchandani
Full Time Employees
152
Sector
Finance
Industry
Real estate development
Address
Ahmedabad India
Website
devx.work
Business
Dev Accelerator Limited is an India-based provider of managed flexible workspace solutions, enterprise office infrastructure, and corporate innovation platforms. Founded in 2017 and headquartered in Ahmedabad, Gujarat, India, the company operates primarily within the commercial real estate, co-working, and enterprise business services sectors, catering to multinational corporations, large enterprises, small and medium-sized enterprises, and technology startups. The company offers a comprehensive portfolio of workspace and enterprise support services, structured across core operational divisions: Managed Workspace Solutions, providing enterprise-grade managed office spaces, dedicated desks, private executive suites, serviced meeting rooms, and collaborative event areas; Design and Build Services, delivering customized turnkey office interior fit-outs, architectural design, furniture procurement, and smart facilities management; Startup Acceleration and Corporate Innovation Programs, providing early-stage venture incubation, mentorship, corporate-startup collaboration frameworks, and investor networking; and Enterprise Technology Solutions, delivering digital transformation services, cloud infrastructure management, and proprietary workspace management software platforms. Dev Accelerator Limited operates a widespread network of commercial centers across major Tier-1 and Tier-2 Indian metropolitan markets, including Ahmedabad, Mumbai, Pune, Gurugram, Delhi-NCR, Hyderabad, Bengaluru, Jaipur, Udaipur, Vadodara, and Indore. In recent strategic developments, the company initiated the process for its initial public offering on Indian stock exchanges to fund extensive capacity expansion and capital expenditure requirements; expanded its operational portfolio by securing substantial commercial grade-A real estate inventory through asset-light managed agreements; established institutional partnerships with commercial property developers for co-branded enterprise hubs; enhanced its digital workplace management suite for hybrid corporate clients; and commenced cross-border expansion strategies targeted at key international business centers in the Middle East and Southeast Asia.