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Dev Information Technology Ltd (IN:DEVIT)
:DEVIT
India Market
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Dev Information Technology Ltd (DEVIT) AI Stock Analysis

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IN:DEVIT

Dev Information Technology Ltd

(DEVIT)

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Neutral 62 (OpenAI - 4o)
Rating:62Neutral
Price Target:
₹46.00
▲(13.47% Upside)
The overall stock score of 62 reflects solid financial performance with strong revenue growth and profitability, but is tempered by cash flow challenges and rising leverage. Technical indicators suggest a bearish trend, while valuation metrics are fair but not compelling.

Dev Information Technology Ltd (DEVIT) vs. iShares MSCI India ETF (INDA)

Dev Information Technology Ltd Business Overview & Revenue Model

Company DescriptionDev 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 mobility services, such as mobile application development and mobile device management services. It also provides infrastructure management services, including incident management, problem management, helpdesk, server management, database administration, network and firewall, and consulting and managed services; planning, licensing, and implementation services for office 365 solutions; and cybersecurity services. In addition, the company offers cloud computing services, including cloud advisory, cloud management, cloud migration, managed backups, disaster recovery, and unified communication solutions; and digital commerce, digital marketing, and document digitization services. Further, it licenses software products; and provides digital signatures and SSL certificates. Additionally, the company offers maintenance services for software products, as well as technical support services; and resells software products. Dev Information Technology Limited was incorporated in 1997 and is based in Ahmedabad, India.
How the Company Makes MoneyDEVIT 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 shows strong revenue growth and improved profitability, supported by a stable balance sheet. However, challenges with cash flow management and rising leverage pose risks that need addressing.
Income Statement
75
Positive
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
70
Positive
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
60
Neutral
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.63B1.71B1.63B1.24B997.49M843.80M
Gross Profit214.49M160.83M197.53M121.61M106.99M81.91M
EBITDA274.63M237.18M153.11M138.93M59.06M32.53M
Net Income177.89M148.73M92.88M89.75M1.34M8.17M
Balance Sheet
Total Assets0.001.22B954.86M677.40M664.81M629.74M
Cash, Cash Equivalents and Short-Term Investments56.39M23.34M38.43M51.63M88.33M106.12M
Total Debt0.00199.84M145.80M72.93M97.74M109.59M
Total Liabilities-656.59M533.35M372.02M261.33M337.02M288.95M
Stockholders Equity656.59M686.22M554.51M415.46M327.86M338.81M
Cash Flow
Free Cash Flow0.00-156.49M-27.84M-74.13M32.30M50.41M
Operating Cash Flow0.00-110.96M-7.92M-16.48M47.73M56.52M
Investing Cash Flow0.0048.28M-21.05M-6.49M-10.93M-3.66M
Financing Cash Flow0.0047.71M38.01M-43.32M-21.33M-11.93M

Dev Information Technology Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price40.54
Price Trends
50DMA
44.14
Negative
100DMA
44.01
Negative
200DMA
49.08
Negative
Market Momentum
MACD
-0.85
Positive
RSI
35.25
Neutral
STOCH
12.32
Positive
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 40.54 is below the 20-day moving average (MA) of 42.96, below the 50-day MA of 44.14, and below the 200-day MA of 49.08, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 35.25 is Neutral, neither overbought nor oversold. The STOCH value of 12.32 is Positive, 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
₹2.72B17.3423.34%22.13%7.44%
64
Neutral
₹3.22B13.8410.33%-2.10%
62
Neutral
₹2.28B16.960.49%28.58%21.00%
61
Neutral
₹1.85B332.8715.22%0.35%-31.06%-97.39%
56
Neutral
₹2.77B-610.801.59%-26.70%-102.94%
50
Neutral
₹1.51B-21.60-12.62%-19.09%48.94%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:DEVIT
Dev Information Technology Ltd
40.54
-20.07
-33.11%
IN:DRCSYSTEMS
DRC Systems India Limited
20.28
-3.86
-15.99%
IN:GOLDTECH
AION-TECH Solutions Limited
61.67
-31.93
-34.11%
IN:RSSOFTWARE
R. S. Software (India) Limited
71.70
-188.35
-72.43%
IN:TRIGYN
Trigyn Technologies Limited
89.91
-47.04
-34.35%
IN:XELPMOC
Xelpmoc Design And Tech Ltd
102.08
-17.07
-14.33%

Dev Information Technology Ltd Corporate Events

Dev Information Technology Ltd Announces Equity Share Sub-Division
Jul 27, 2025

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.

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.Date of analysis: Sep 06, 2025