DEVITInformation Technology

Dev Information Technology Limited

IT Enabled Services · ISIN INE060X01034 · BSE 543462 · NSE EQ · FV ₹2
Last price
₹23
+0.39%today
What this company does

Dev Information Technology Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹44 cr of revenue in its latest quarter (Q1 FY27) and kept 4.7% of sales as profit.

The company is engaged in the business of providing IT enabled services in the domestic as well as the international market.
In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet31

How much it owes, and whether earnings cover the interest

Cash quality18

Whether reported profit actually arrives as cash

Growth & consistency77

Whether sales and profit have grown, and how steadily

Valuation76

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 42%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 4.7% net margin
! Low 7.6% return on equity

What if I invest in DEVIT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹23 +0.39%
latest close · 2026-09-17
52-wk low ₹2342 sessions so far52-wk high ₹30
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.8Average
LowAverageHigh
P/B ratio1.21Moderate
Below bookModerateHigh
EV / EBITDA9.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.6%Weak
WeakFairStrong ▸15%
Return on capital11.2%Fair
WeakFairStrong
Net margin4.7%Thin
ThinDecentStrong
EBITDA margin9.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.27Comfortable
LowModerateHigh ▸1
Interest cover5.0×Okay
RiskyOkayStrong ▸5×
Current ratio1.79Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹132 cr
Book value
₹19
EPS
₹0.37
latest quarter
Net debt
₹23 cr
owes more than its cash
Enterprise value
₹155 cr
EBITDA
₹16 cr
annualised
EBIT
₹14 cr
annualised
Operating margin
8.1%
Return on assets
4.4%
Earnings yield
6.32%
P/S
0.75
Sales / share
₹31.3
Tax rate
21.8%
Face value
₹2
Shares
5.6 cr
Working capital
₹48 cr
Current assets
₹108 cr
Current liabilities
₹60 cr
Delivery %
75.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹46₹62, midpoint ₹54

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹44 cr
Other Income₹51.3 L
Total Income₹45 cr
Cost of Materials₹12 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-7.5 L
Employee Benefit Expense₹25 cr
Finance Costs₹72.4 L
Depreciation & Amortisation₹39.3 L
Other Expenses₹4 cr
Total Expenses₹42 cr
Profit before Tax₹3 cr
Tax Expense₹62.5 L
Share of JV / Associates₹-13.5 L
Net Profit₹2 cr
Net margin on total income4.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹12 cr26.2%
Employee benefit expense₹25 cr57.2%
Finance costs₹72.4 L1.6%
Depreciation & amortisation₹39.3 L0.9%
Other expenses₹4 cr7.9%
Tax expense₹62.5 L1.4%
Profit for the period₹2 cr4.7%
Total income ₹45 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue44 cr54 cr44 cr
Total income45 cr56 cr45 cr
Expenses52 cr53 cr42 cr
Profit before tax-7 cr3 cr3 cr
Tax15.2 L-6 cr62.5 L
Net profit (owners' share)-7 cr9 cr2 cr
Net margin (owners' share, on revenue)-16.5%16.9%4.7%
EPS (₹)-1.301.590.37
YoY (latest quarter): total income +2.7% · net profit -2.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹189 cr
Shareholder equity
₹109 cr
parent shareholders
Total debt
₹29 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹7 cr
Investing
₹-9 cr
Financing
₹2 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.43%
trailing 12 months
Dividend / share (TTM)
₹0.1
Last dividend
₹0.1
ex 23 Sep 2025
ActionDetailEx-date
Dividend₹0.1 / share23 Sep 2025
Stock splitStock Split From Rs.5/- to Rs.2/-21 Aug 2025
Dividend₹0.25 / share26 Nov 2024
Dividend₹0.25 / share23 Sep 2024
Dividend₹0.25 / share22 Sep 2023
Stock splitStock Split From Rs.10/- to Rs.5/-25 Nov 2022
Who owns it · 2026-06-30
No pledge
Promoter
41.6%
FII / Foreign
0.3%
DII / Domestic
Retail / others
58.1%
Promoter stake down 25.9% over the last 12 quarters.
Smart-money activity
Insider trades
SoldJaimin Jagdishbhai Shah · Promoters1.00 L · ₹26.9 L25 Mar 26
SoldPravinaben Pradyumna Shah · Immediate relative10.00 L · ₹2.7 cr5 Mar 26
SoldAARTI PRERAK SHAH · Promoter Group10.00 L · ₹2.4 cr2 Mar 26
Bulk / block deals
BoughtSETU SECURITIES PVT LTD · NSE3.99 L @ ₹26.6117 Mar 26
SoldMULTIPLIER SHARE AND STOCK ADVISORS PVT LTD · NSE3.99 L @ ₹26.617 Mar 26
BoughtXDUCE TECHNOLOGIES PRIVATE LIMITED · NSE10.00 L @ ₹26.675 Mar 26
Stake changes
BoughtXduce Technologies Private Limited→ 23.96% · 1.50 L25 Mar 26
SoldJaimin Jagdishbhai Shah→ 5.51% · 1.00 L25 Mar 26
Boughtxduce Technologies Private LTd→ 23.69% · 30,80617 Mar 26
Promoter pledges
ReleasedThe Kalupur Commercial Co-Op Bank Ltd.75,000 · 1.35% held10 Jul 19
ReleasedThe Kalupur Commercial Co-Op Bank Ltd.1.59 L · 2.88% held10 Jul 19
ReleasedThe Kalupur Commercial Co-Op Bank Ltd.1.50 L · 2.71% held10 Jul 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 18 Nov 2025
See the official result
1
Approval for Issuance of upto 1,50,00,000 fully Convertible Warrants on Preferential Basis and matters related therewith
Backed by 100% of shareholders other than promotersneeded 75%
19.07 L votes for, 2,797 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 23 named members
owning 41.6% between them · as of 2026-06-30
Pranav Niranjan Pandya Huf .7.45%
Amisha Jaimin Shah5.83%
Jaimin Jagdishbhai Shah5.51%
Kruti Pranav Pandya4.88%
Lt1 Inc3.77%
Sapna Vishal Vasu3.06%
Vishal Vasu2.66%
Prerak Pradyumna Shah2.44%
Business done with them
FY2025 · 7 of the group
The company paid ₹18 L to companies in the promoter group last year — about 0.1% of its ₹171 cr revenue.
Pranav Niranjan Pandya Huf .
Other payments to them · Dividend
also owns 7.45% of the company
₹8.4 L
company paid
Pratibhaben Mohanlal Desai
Other payments to them · Dividend
₹6.1 L
company paid
Jaimin Jagdishbhai Shah Huf .
Other payments to them · Dividend
also owns 1.47% of the company
₹1.7 L
company paid
Vishal Vasu Huf
Other payments to them · Dividend
also owns 1.33% of the company
₹1.5 L
company paid
Rakhi Jagadishbhai Shah
Other payments to them · Dividend
also owns 0.20% of the company
₹0.23 L
company paid
Jagadishbhai Chinubhai Shah
Other payments to them · Dividend
₹0.07 L
company paid
Meeta Hemant Shah
Other payments to them · Dividend
also owns 0.04% of the company
₹0.04 L
company paid

The company also transacted with 39 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.