Dev Information Technology Ltd (IN:DEVIT)
:DEVIT
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Dev Information Technology Ltd
(DEVIT)
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Rating:54Neutral
Price Target:
₹23.50
▼(-41.64% Downside)
Action:ReiteratedDate:03/05/26
The score is primarily held back by weak technicals (downtrend across major moving averages with bearish momentum) and cash-flow concerns (negative operating cash flows). These are partly balanced by improving profitability and revenue growth, while valuation support is limited due to a negative P/E and only a modest dividend yield.
Positive Factors
Revenue Growth
Sustained revenue growth of roughly 15% indicates the company is scaling services and winning engagements across clients. Durable top-line expansion supports reinvestment in offerings, spreads fixed costs, and underpins longer-term margin and cash-flow recovery if maintained.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating cash flows create liquidity pressure despite accounting profits. Over the medium term, this undermines the firm's ability to fund working capital, service debt, and invest organically, forcing reliance on external financing or asset sales if not corrected.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth of roughly 15% indicates the company is scaling services and winning engagements across clients. Durable top-line expansion supports reinvestment in offerings, spreads fixed costs, and underpins longer-term margin and cash-flow recovery if maintained.
Read all positive factors
Dev Information Technology Ltd (DEVIT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.44B
Dividend Yield0.49%
Average Volume (3M)6.40K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth30.15%
EPS Growth330.45%
CountryIN
Employees971
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-1.29
Shares Outstanding56,335,230
10 Day Avg. Volume4,420
30 Day Avg. Volume6,401
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)3.79
Price to Sales (P/S)1.53
P/FCF Ratio-16.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dev Information Technology Ltd Business Overview & Revenue Model
Company Description
Dev Information Technology Limited provides information technology enabled services in India. The company offers enterprise resource planning and customer relationship management applications, and application development solutions; and enterprise ...
How the Company Makes Money
Dev Information Technology Ltd generates revenue through a diversified model, primarily from its IT consulting and services offerings. The company earns income by providing enterprise-grade technology solutions, IT infrastructure management, softw...
Dev Information Technology Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.78B | 1.71B | 1.63B | 1.24B | 997.49M | 843.80M |
| Gross Profit | 167.43M | 160.83M | 197.53M | 121.61M | 106.99M | 80.49M |
| EBITDA | 217.89M | 237.18M | 153.11M | 138.93M | 59.06M | 32.53M |
| Net Income | 134.46M | 148.73M | 92.88M | 89.75M | 1.34M | -3.20M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.22B | 954.86M | 677.40M | 664.81M | 629.74M |
| Cash, Cash Equivalents and Short-Term Investments | 19.05M | 23.34M | 65.07M | 24.96M | 88.33M | 78.38M |
| Total Debt | 0.00 | 199.84M | 145.80M | 72.93M | 96.32M | 111.05M |
| Total Liabilities | -687.63M | 533.35M | 372.02M | 261.33M | 337.02M | 288.95M |
| Stockholders Equity | 687.63M | 686.22M | 554.51M | 415.46M | 327.86M | 338.81M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -156.49M | -27.84M | -74.13M | 32.30M | 50.41M |
| Operating Cash Flow | 0.00 | -110.96M | -7.92M | -16.48M | 47.73M | 56.52M |
| Investing Cash Flow | 0.00 | 48.28M | -21.05M | -6.49M | -10.93M | -3.66M |
| Financing Cash Flow | 0.00 | 47.71M | 38.01M | -43.32M | -21.33M | -1.72M |
Dev Information Technology Ltd Technical Analysis
Negative
40.27
Price Trends
27.84
Negative
33.01
Negative
38.18
Negative
Market Momentum
-0.68
Negative
47.12
Neutral
24.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEVIT, the sentiment is Negative. The current price of 40.27 is above the 20-day moving average (MA) of 26.31, above the 50-day MA of 27.84, and above the 200-day MA of 38.18, indicating a bearish trend. The MACD of -0.68 indicates Negative momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 24.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DEVIT.
Dev Information Technology Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹2.14B | 11.60 | ― | ― | 20.62% | 1.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹1.42B | 74.37 | ― | ― | -16.31% | -9.79% | |
54 Neutral | ₹1.44B | -6.20 | ― | 0.49% | 30.15% | 330.45% | |
54 Neutral | ₹1.85B | 4,143.38 | ― | ― | 18.44% | -32.39% | |
41 Neutral | ₹1.38B | -23.81 | ― | ― | -30.22% | 25.16% | |
40 Underperform | ₹625.63M | -3.84 | ― | 0.46% | -52.09% | -142.64% |
* Technology Sector Average
IN:DEVIT
Dev Information Technology Ltd
25.60
-15.66
-37.95%
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Dev Information Technology Ltd Corporate Events
Dev Information Technology Wins INR 29 Lakh AutoCAD Licensing Order from GIFT City
Feb 3, 2026
Dev Information Technology Limited has secured a fixed-cost order worth approximately INR 29 lakh from Gujarat International Finance Tec-City (GIFT), an undertaking of the Gujarat Government, for the procurement of AutoCAD licences with a three-ye...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.