Dev Information Technology Ltd (DEVIT) AI Stock Analysis

• Market Cap: ₹2.47B
• Dividend Yield: 0.46%
• Average Volume (3M): 7.21K
• Price to Earnings (P/E): 18.3
• Beta (1Y): 1.39
• Revenue Growth: 28.66%
• EPS Growth: 20.93%
• Country: IN
• Employees: 971
• Sector: Technology
• Sector Strength: 97
• Industry: Information Technology Services
• EPS (TTM): 0.94
• Shares Outstanding: 22,534,094
• 10 Day Avg. Volume: 4,719
• 30 Day Avg. Volume: 7,205
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹124.00
• Price Target Upside: 13.14% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹124.00 ▲(13.14% Upside)

Dev Information Technology Ltd demonstrates solid financial performance with strong revenue growth and profitability, although cash flow management remains a concern. Technical indicators suggest neutral momentum, while valuation is fair with a moderate P/E ratio.

Dev Information Technology Ltd Business Overview & Revenue Model

Company Description

Dev Information Technology Ltd (DEVIT) is a technology company that provides a wide range of IT services and solutions to businesses across various sectors. The company specializes in delivering digital transformation services, including software development, IT consulting, cloud services, enterprise resource planning (ERP) solutions, and managed IT services. DEVIT focuses on leveraging cutting-edge technology to enhance business processes and drive innovation for its clients.

How the Company Makes Money

DEVIT generates revenue through multiple streams, primarily by offering IT consulting and professional services, which involve providing expert advice and support to businesses looking to optimize their IT infrastructure and operations. Additionally, the company earns income from software development projects, where it designs and implements custom software solutions tailored to client needs. Cloud services and managed IT services also contribute to DEVIT's revenue, as clients pay for ongoing support and maintenance of IT systems and infrastructure. The company may also establish strategic partnerships with technology providers, enabling them to offer a broader range of solutions and drive additional sales. These partnerships can lead to joint projects and co-marketing efforts, further enhancing revenue opportunities.

Dev Information Technology Ltd Financial Statement Overview

Summary

Dev Information Technology Ltd exhibits solid revenue and profitability growth with a stable balance sheet. Key concerns include cash flow management, which could impact long-term stability if not addressed.

Income Statement

Dev Information Technology Ltd has demonstrated strong revenue growth with a notable increase in total revenue over the past years, indicating a positive growth trajectory. The net profit margin has improved significantly, reflecting better cost management and operational efficiency. However, there is room for improvement in gross profit margin, which has shown some volatility.

Balance Sheet

The company maintains a stable equity ratio, suggesting a well-capitalized balance sheet. The debt-to-equity ratio remains moderate but has been increasing, indicating a potential risk if leverage continues to rise. Return on equity has improved, which is a positive indicator of profitability.

Cash Flow

Cash flow analysis reveals challenges with negative operating cash flows in recent years, which could affect liquidity if not addressed. However, free cash flow has shown some recovery in earlier periods, suggesting the potential for future improvement. The company needs to focus on enhancing cash flow generation to support ongoing operations.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	1.71B	1.63B	997.49M	1.24B	843.80M
Gross Profit	160.83M	197.53M	106.99M	121.61M	81.91M
EBITDA	237.18M	153.11M	59.06M	138.93M	32.53M
Net Income	148.73M	92.88M	1.34M	89.75M	8.17M
Balance Sheet
Total Assets	1.22B	954.86M	664.81M	677.40M	629.74M
Cash, Cash Equivalents and Short-Term Investments	19.05M	38.43M	88.33M	51.63M	106.12M
Total Debt	199.84M	145.80M	97.74M	72.93M	109.59M
Total Liabilities	533.35M	372.02M	337.02M	261.33M	288.95M
Stockholders Equity	686.22M	554.51M	327.86M	415.46M	338.81M
Cash Flow
Free Cash Flow	-156.49M	-27.84M	32.30M	-74.13M	50.41M
Operating Cash Flow	-110.96M	-7.92M	47.73M	-16.48M	56.52M
Investing Cash Flow	48.28M	-21.05M	-10.93M	-6.49M	-3.66M
Financing Cash Flow	47.71M	38.01M	-21.33M	-43.32M	-11.93M

Dev Information Technology Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 109.60
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEVIT, the sentiment is Neutral. The current price of 109.6 is below the 20-day moving average (MA) of 112.56, below the 50-day MA of 111.94, and below the 200-day MA of 129.66, indicating a bearish trend. The MACD of -0.87 indicates Positive momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 15.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DEVIT.

Dev Information Technology Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRCSYSTEMS	70 Outperform	₹2.30B	14.71		―	37.11%	28.59%
DEVIT	67 Neutral	₹2.47B	18.33		0.46%	28.66%	20.93%
TRIGYN	66 Neutral	₹2.36B	21.11		―	-29.82%	-40.91%
GOLDTECH	65 Neutral	₹3.58B	15.32		―	-2.10%	―
RSSOFTWARE	64 Neutral	₹1.90B	342.25		0.37%	-31.06%	-97.39%
Sector *	61 Neutral	$36.32B	7.12	-7.26%	1.97%	7.79%	-9.36%
XELPMOC	44 Neutral	₹1.33B	―		―	-19.09%	48.96%

Dev Information Technology Ltd Corporate Events

Dev Information Technology Ltd Announces Equity Share Sub-Division

Dev Information Technology Ltd has announced a newspaper publication regarding the notice of record date for the sub-division of equity shares. This announcement is part of their compliance with SEBI’s listing regulations and is aimed at informing stakeholders about the upcoming changes in the company’s equity structure. The sub-division of shares is expected to enhance the liquidity of the company’s shares and potentially attract more investors.