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NSE:DEVIT

DEV INFO TECHNOLOGY LTD

Information Technology › IT - Services
₹19.50
at close · 8 Oct 2026
▼ 0.11 (-0.56%)
ThemesArtificial Intelligence· growing

Latest filings

  1. All 12 resolutions cleared at 29th AGM with over 99.99% approval · Compliance
  2. Trading window closed from Oct 1 for Q2 results period · Compliance
  3. Two new directors appointed at 29th AGM, nominee and independent · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides IT services — enterprise software, cloud, AI/BI, cybersecurity and blockchain/RWA solutions — to government and enterprise clients in India and North America. Has been a Microsoft partner since 1997 and runs two key subsidiaries: Minddeft, which builds blockchain and real-world-asset wallet solutions for North American and European clients, and Dhyey Consulting Services, which has 20-plus solutions on the Microsoft marketplace. Government work contributes 55-57% of revenue, while overseas revenue is dominated by North America (90-93% of overseas) and is targeted to reach 45-50% of total within two years. A Rs. 2.79 crore, 2.5-year fixed-cost order from GIFT City covers a multilingual web portal and Digital Twin platform. FY26 consolidated revenue was Rs. 189.50 crore, up about 11% year-on-year; reported net profit of Rs. 75.60 crore was inflated by a Rs. 93.55 crore exceptional gain on reclassification of its DevAccelerator stake after its IPO, while operating EBITDA fell to Rs. 7.23 crore (3.74% margin). The company sold its ByteSIGNER and Talligence products to associate Byte Technosys for Rs. 11.90 crore and brought in Xduce Technologies as a strategic partner with roughly a 24% stake.

Operating scale
FY26 consolidated revenue
Rs. 189.50 croreFY26
Government share of revenue
55-57%FY25
North America share of overseas revenue
~90-93%FY25
Microsoft partnership tenure
Since 1997
Dhyey solutions on Microsoft marketplace
20+
GIFT City work order
Rs. 2.79 crore, 2.5-year fixed-cost contractJuly 2026
Who pays it
Indian government entities (state and central) and North American enterprise clients, with growing exposure to European blockchain customers via Minddeft.
Biggest cost
Employee costs at 46.9% of revenue, with materials/sub-contracting at 44.2% of revenue.
Kind of business
Small-cap, employee-intensive IT services firm with a government-heavy domestic book and a North America growth tilt; product/IP initiatives being hived off to associates.
Where it sits
Gujarat-rooted Microsoft-partnered IT services company with four subsidiaries/associates including one material subsidiary (Dhyey Consulting Services), serving government and enterprise clients in India and overseas.
Market Cap
₹110 Cr
P / E (TTM)
1.4×
EV / EBITDA
1.3×
Div Yield
0.51%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
26.6%▲
ROCE (5y median)
ROE 21.5% (5y median) · margin 53.2%
Leverage
0.27·
Debt / Equity · low
Net debt ₹23 Cr
Revenue FY22→FY26
1.9×▲
Margin +40.0 pts
₹100 Cr → ₹190 Cr
Cash conversion
-0.08×▼
Operating cash ÷ profit · 5 yrs
₹-9 Cr on ₹109 Cr
Moves on a normal day
1.38%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 87 IT Enabled Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/76
P/B#17/70
ROCE#1/86
ROE#1/70
Debt / Equity#60/70
EBITDA margin#49/69
Revenue growth#53/67
Profit growth#45/64

Scorecard

Measured from the filed financials, judged against its IT Enabled Services peers · as of FY26 — not investment advice

Strengths
Returns on capital 26.6% (5-year median)
#1 of 86 in IT Enabled Services on the latest reported figures · up from 12.0% in FY22
Concerns
Carries more debt than its peers — 0.27× equity
higher than 85% of its 70 IT Enabled Services peers
Over 5 years it reported ₹109 Cr of profit and an operating cash outflow of ₹8.68 Cr — -0.08×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 137 days of cash tied up
Customers are taking longer to pay — 114 → 175 days of receivables
FY22 → FY26

Charts

How has the market priced it — with filings on the timeline?

DEVIT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from DEV INFO TECHNOLOGY LTD's filed financials and exchange disclosures

What does DEV INFO TECHNOLOGY LTD do?

DEV INFO TECHNOLOGY LTD is a IT - Services company listed on NSE and BSE, trading under the symbol DEVIT.

Is DEV INFO TECHNOLOGY LTD profitable?

Yes. Over the trailing twelve months DEV INFO TECHNOLOGY LTD reported a net profit of ₹76 Cr on revenue of ₹191 Cr.

Does DEV INFO TECHNOLOGY LTD pay a dividend?

Yes. The dividend yield is 0.51% at the current price. It paid out 1% of its profit as dividend in FY26.

Is DEV INFO TECHNOLOGY LTD debt-free?

No. It reported borrowings of ₹29 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹23 Cr after cash. Debt stands at 0.27× equity. That is higher than 85% of its 70 IT Enabled Services peers.

Is DEV INFO TECHNOLOGY LTD expensive compared with its peers?

On trailing P/E, DEV INFO TECHNOLOGY LTD ranks 5 of 76 in IT Enabled Services — cheaper than 95% of them, against an industry median of 18.5×. This is a position, not a valuation judgement.

How much does the DEV INFO TECHNOLOGY LTD share price move in a day?

On a typical session DEV INFO TECHNOLOGY LTD moves 1.38% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track DEV INFO TECHNOLOGY LTD's announcements?

Every NSE and BSE filing by DEV INFO TECHNOLOGY LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.