DEVXServices

Dev Accelerator Limited

Diversified Commercial Services · ISIN INE0VOV01021 · BSE 544513 · NSE EQ · FV ₹2
Last price
₹33
-1.91%today
What this company does

Dev Accelerator Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹54 cr of revenue in its latest quarter (Q1 FY27) and kept 2.8% of sales as profit.

47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 85–116 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)
47

At close. Not part of the score.

Profitability & returns40

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality87

Whether reported profit actually arrives as cash

Valuation33

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

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 1,013% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.8% net margin
! Low 3.2% return on equity

What if I invest in DEVX?

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 We do not publish price targets or predict returns.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
₹33 -1.91%
latest close · 2026-09-17
52-wk low ₹3242 sessions so far52-wk high ₹37
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 ratio52.0High
LowAverageHigh
P/B ratio1.70Moderate
Below bookModerateHigh
EV / EBITDA3.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.2%Weak
WeakFairStrong ▸15%
Return on capital12.7%Fair
WeakFairStrong
Net margin2.8%Thin
ThinDecentStrong
EBITDA margin61.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.78Moderate
LowModerateHigh ▸1
Interest cover1.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.26Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹315 cr
Book value
₹20
EPS
₹0.16
latest quarter
Net debt
₹124 cr
owes more than its cash
Enterprise value
₹439 cr
EBITDA
₹133 cr
annualised
EBIT
₹62 cr
annualised
Operating margin
28.9%
Return on assets
0.9%
Earnings yield
1.92%
P/S
1.47
Sales / share
₹22.7
Tax rate
4.6%
Face value
₹2
Shares
9.5 cr
Working capital
₹41 cr
Current assets
₹197 cr
Current liabilities
₹155 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 exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹1₹1, midpoint ₹1

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₹54 cr
Other Income₹3 cr
Total Income₹57 cr
Cost of Materials₹14 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹6 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹4 cr
Total Expenses₹55 cr
Profit before Tax₹2 cr
Tax Expense₹7.2 L
Share of JV / Associates₹1.6 L
Net Profit₹2 cr
Net margin on total income2.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹14 cr23.8%
Employee benefit expense₹6 cr10.8%
Finance costs₹14 cr24.7%
Depreciation & amortisation₹18 cr31.2%
Other expenses₹4 cr6.8%
Tax expense₹7.2 L0.1%
Profit for the period₹2 cr2.7%
Total income ₹57 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue59 cr59 cr54 cr
Total income61 cr63 cr57 cr
Expenses59 cr52 cr55 cr
Profit before tax3 cr11 cr2 cr
Tax4 cr3 cr7.2 L
Net profit (owners' share)-99.3 L8 cr1 cr
Net margin (owners' share, on revenue)-1.7%13.3%2.8%
EPS (₹)-0.150.980.16
YoY (latest quarter): total income -0.4% · net profit +1,012.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹644 cr
Shareholder equity
₹186 cr
parent shareholders
Total debt
₹145 cr
Cash
₹21 cr
Cash flow · H1 FY26
Operating
₹28 cr
Investing
₹-21 cr
Financing
₹31 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limited₹315₹13,591 cr20.5
WeWork India Management Limited₹683₹9,464 cr
Nesco Limited₹1,082₹7,619 cr19.1
Inox Green Energy Services Limited₹175₹7,012 cr43.2
Indiabulls Limited₹30₹6,637 cr11.6
Bluspring Enterprises Limited₹124₹6,520 cr
Smartworks Coworking Spaces Limited₹520₹5,941 cr113.0
LEAP India Limited₹136₹5,619 cr56.8
Quess Corp Limited₹353₹5,272 cr16.0
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
35.1%
FII / Foreign
1.4%
DII / Domestic
3.9%
Retail / others
59.6%
Promoter stake down 1.7% over the last 6 quarters.
Smart-money activity
Bulk / block deals
BoughtAMIT RANCHHODLAL CHOKSHI · NSE7.50 L @ ₹56.0325 Sep 25
SoldMANSI SHARE AND STOCK BROKING PRIVATE LIMITED · NSE6.10 L @ ₹56.3122 Sep 25
BoughtMANSI SHARE AND STOCK BROKING PRIVATE LIMITED · NSE20 @ ₹59.9822 Sep 25
Stake changes
BoughtCatalyst Trusteeship Limited→ 19.65% · 1.86 cr31 Jul 26
Promoter pledges
PledgedCatalyst Trusteeship Ltd, the Debenture Trutee Acting for the benefit of the Debenture Holders61.99 L · 0.00% held31 Jul 26
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 — 54 named members
owning 35.1% between them · as of 2026-06-30
DEV INFORMATION TECHNOLOGY LIMITED15.43%
Parth N Shah6.55%
Rushit S Shah6.55%
Umesh Satishkumar Uttamchandani6.55%
Aadhhya Parth Shahno shares
Amisha Jaimin Shahno shares
Anjani Infrastructure Private Limitedno shares
Ashaben S Uttamchandanino shares

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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹35 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 68% of what it set aside, leaving ₹11 cr still to be spent. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

Interest Free Refundable Security Deposit
68%
₹24 cr of ₹35 cr
₹143 cr raised in Sep 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 77% of what it set aside, leaving ₹29 cr still to be spent. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

Capital expenditure for fit-outs in the Proposed Centers
61%
₹44 cr of ₹73 cr
Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures
100%
₹35 cr of ₹35 cr
General corporate purposes
100%
₹19 cr of ₹19 cr
Spent by quarter: 44%69%73%77% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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