Dev Information Technology Ltd (DEVIT) AI Stock Analysis

• Market Cap: ₹1.88B
• Dividend Yield: 0.49%
• Average Volume (3M): 6.40K
• Price to Earnings (P/E): 2.4
• Beta (1Y): 1.37
• Revenue Growth: 30.15%
• EPS Growth: 330.45%
• Country: IN
• Employees: 971
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 12.75
• Shares Outstanding: 56,335,230
• 10 Day Avg. Volume: 4,420
• 30 Day Avg. Volume: 6,401
• PEG Ratio: 0.30
• Price to Book (P/B): 3.79
• Price to Sales (P/S): 1.53
• P/FCF Ratio: -16.63
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹35.00 ▼(-13.09% Downside)

Dev Information Technology Ltd's overall stock score is primarily influenced by its solid financial performance, despite cash flow challenges. The technical analysis indicates a bearish trend, which weighs on the score. Valuation metrics are reasonable but not compelling enough to offset the technical weaknesses.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates a positive trajectory and expanding market presence, which is crucial for long-term success.

Strategic Partnerships

Strategic partnerships enhance service offerings and expand the customer base, providing a competitive edge and contributing to sustainable revenue streams.

Profitability Improvement

Improved profitability through cost management enhances financial health, allowing for reinvestment in growth initiatives and increasing shareholder value.

Negative Factors

Cash Flow Challenges

Persistent cash flow issues can hinder operational flexibility and growth investments, posing a risk to long-term financial stability.

Rising Leverage

Increasing leverage may strain financial resources and limit the company's ability to invest in growth opportunities, affecting future performance.

Gross Profit Margin Volatility

Volatile gross profit margins can indicate pricing pressures or cost management issues, potentially impacting profitability and competitive positioning.

Dev Information Technology Ltd Business Overview & Revenue Model

Company Description

Dev Information Technology Ltd (DEVIT) is a leading technology solutions provider specializing in software development, IT consulting, and digital transformation services. The company operates across various sectors, including finance, healthcare, and education, delivering innovative solutions that help businesses optimize their operations and enhance customer engagement. DEVIT's core offerings include custom software development, cloud services, and enterprise resource planning (ERP) systems, positioning it as a trusted partner for organizations seeking to leverage technology for competitive advantage.

How the Company Makes Money

DEVIT generates revenue primarily through a diversified model that includes project-based contracts for software development and consulting services. The company charges clients on a time-and-materials basis or fixed-price contracts, depending on the project scope and client needs. Additionally, DEVIT earns recurring revenue through maintenance and support services for its software products, along with subscription fees for cloud-based solutions. The company has established strategic partnerships with leading technology firms, which enhance its service offerings and expand its customer base. These collaborations often lead to joint projects that contribute significantly to DEVIT's revenue stream, alongside direct sales from its proprietary software products.

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 need addressing to ensure long-term financial stability.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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

• Technical Analysis Sentiment: Negative
• Last Price: 40.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 35.87, above the 50-day MA of 38.33, and below the 200-day MA of 42.06, indicating a bearish trend. The MACD of -1.34 indicates Positive momentum. The RSI at 38.52 is Neutral, neither overbought nor oversold. The STOCH value of 27.57 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRCSYSTEMS	64 Neutral	₹2.39B	13.35	―	―	20.62%	1.68%
DEVIT	62 Neutral	₹1.88B	2.44	―	0.49%	30.15%	330.45%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RSSOFTWARE	56 Neutral	₹1.18B	-11.40	―	0.46%	-52.09%	-142.64%
GOLDTECH	55 Neutral	₹2.47B	30.41	―	―	18.44%	-32.39%
TRIGYN	52 Neutral	₹1.92B	43.09	―	―	-16.31%	-9.79%
XELPMOC	45 Neutral	₹2.02B	-26.13	―	―	-30.22%	25.16%

Dev Information Technology Ltd Corporate Events

Dev Information Technology Ltd Releases Q2 Earnings Call Transcript

Dev Information Technology Ltd has released the transcript of its earnings conference call for the second quarter and half-year ending September 30, 2025. This announcement aligns with SEBI regulations and is accessible on the company’s website, reflecting transparency and compliance in financial reporting.

Dev Information Technology Ltd Reschedules Earnings Call

Dev Information Technology Ltd announced a rescheduling of its earnings conference call for the second quarter and half-year financial results ending September 30, 2025. Originally set for November 26, 2025, the call will now take place on November 27, 2025, at 12:00 PM. The meeting will be a group session, and no unpublished price-sensitive information will be disclosed. This announcement is part of the company’s compliance with SEBI regulations, ensuring transparency and timely communication with stakeholders.

Dev Information Technology Ltd Announces EGM Details via Newspaper Ads

Dev Information Technology Ltd has announced the publication of newspaper advertisements regarding its upcoming Extraordinary General Meeting (EGM). These advertisements were published in the Financial Express and Jai Hind newspapers, providing stakeholders with essential information about the EGM. This move is part of the company’s compliance with SEBI regulations and reflects its commitment to transparency and stakeholder engagement.

Dev Information Technology Ltd to Raise Funds via Convertible Warrants

Dev Information Technology Ltd’s board has approved the issuance of up to 1.5 crore convertible warrants to Aeroflex Enterprises Ltd, a non-promoter entity, on a preferential basis. This strategic move, subject to regulatory and shareholder approvals, aims to raise Rs. 681.75 lakhs and is expected to enhance the company’s financial position and expand its market capabilities.

Dev Information Technology Ltd Announces Convertible Warrants Issuance

Dev Information Technology Ltd announced that its Board of Directors approved the issuance of up to 1,50,00,000 convertible warrants to Aeroflex Enterprises Limited, a non-promoter, on a preferential basis. This move, subject to regulatory and shareholder approvals, aims to raise Rs. 681.75 Lakhs, potentially impacting the company’s financial structure and market positioning. An Extra-Ordinary General Meeting is scheduled for November 18, 2025, to seek shareholder approval for this issuance.