Dev Information Technology Ltd (IN:DEVIT)
:DEVIT
Want to see IN:DEVIT full AI Analyst Report?
Top Page
Dev Information Technology Ltd
(DEVIT)
Select Model
Select Model
Rating:59Neutral
Price Target:
₹29.00
▼(-27.99% Downside)
Action:Reiterated
Date:05/30/26
The score is driven by a very low P/E valuation offset by weak financial quality (multi-year negative operating/free cash flow and volatile earnings) and a bearish technical setup with the stock below key moving averages and negative momentum.
Positive Factors
Revenue growth track record
Sustained multi-year revenue growth indicates the company can win and retain clients across cycles. Coupled with a diversified services mix (consulting, managed cloud, subscriptions) and long-term engagements with SMEs and large enterprises, this supports recurring demand and durable top-line expansion.
Negative Factors
Persistent negative operating and free cash flow
Multi-year negative OCF and FCF materially weaken the firm's ability to self-fund growth or capex and increase dependence on external financing. This signals working-capital strain or collection issues that can pressure liquidity and force dilutive or costly capital solutions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth track record
Sustained multi-year revenue growth indicates the company can win and retain clients across cycles. Coupled with a diversified services mix (consulting, managed cloud, subscriptions) and long-term engagements with SMEs and large enterprises, this supports recurring demand and durable top-line expansion.
Read all positive factors
Dev Information Technology Ltd (DEVIT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.62B
Dividend Yield0.49%
Average Volume (3M)6.40K
Price to Earnings (P/E)2.2
Beta (1Y)1.32
Revenue Growth11.04%
EPS Growth407.75%
CountryIN
Employees971
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)2.41
Shares Outstanding56,363,716
10 Day Avg. Volume4,420
30 Day Avg. Volume6,401
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.20
Price to Sales (P/S)0.69
P/FCF Ratio-6.97
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
58
Neutral
Balance Sheet
72
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.78B | 1.90B | 1.71B | 1.63B | 1.24B | 997.49M |
| Gross Profit | 167.43M | 126.45M | 160.83M | 197.53M | 121.61M | 106.99M |
| EBITDA | 217.89M | 32.31M | 237.18M | 153.11M | 138.93M | 59.06M |
| Net Income | 134.46M | 757.79M | 148.73M | 92.88M | 89.75M | 1.34M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.89B | 1.22B | 954.86M | 677.40M | 664.81M |
| Cash, Cash Equivalents and Short-Term Investments | 19.05M | 62.27M | 23.34M | 65.07M | 24.96M | 88.33M |
| Total Debt | 0.00 | 306.13M | 199.84M | 145.80M | 72.93M | 96.32M |
| Total Liabilities | -687.63M | 795.98M | 533.35M | 372.02M | 261.33M | 337.02M |
| Stockholders Equity | 687.63M | 1.09B | 686.22M | 554.51M | 415.46M | 327.86M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -188.25M | -156.49M | -27.84M | -74.13M | 32.30M |
| Operating Cash Flow | 0.00 | -45.17M | -110.96M | -7.92M | -16.48M | 47.73M |
| Investing Cash Flow | 0.00 | -13.47M | 48.28M | -21.05M | -6.49M | -10.93M |
| Financing Cash Flow | 0.00 | 101.36M | 47.71M | 38.01M | -43.32M | -21.33M |
Dev Information Technology Ltd Technical Analysis
Negative
40.27
Price Trends
29.29
Negative
29.39
Negative
35.19
Negative
Market Momentum
-0.34
Positive
46.59
Neutral
31.22
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 29.39, above the 50-day MA of 29.29, and above the 200-day MA of 35.19, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 46.59 is Neutral, neither overbought nor oversold. The STOCH value of 31.22 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹2.15B | 9.39 | ― | ― | 46.09% | 27.31% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹1.62B | 2.16 | ― | 0.49% | 11.04% | 407.75% | |
58 Neutral | ₹2.26B | 28.07 | ― | ― | 51.89% | -46.44% | |
47 Neutral | ₹1.80B | 87.23 | ― | ― | 8.73% | -83.00% | |
44 Neutral | ₹840.03M | -3.21 | ― | 0.46% | -56.14% | -419.18% | |
44 Neutral | ₹1.41B | -18.91 | ― | ― | -4.18% | 15.89% |
* Technology Sector Average
IN:DEVIT
Dev Information Technology Ltd
28.92
-12.70
-30.51%
IN:DRCSYSTEMS
DRC Systems India Limited
14.91
-3.02
-16.84%
IN:GOLDTECH
AION-TECH Solutions Limited
43.25
-26.05
-37.59%
IN:RSSOFTWARE
R. S. Software (India) Limited
32.10
-24.60
-43.39%
IN:TRIGYN
Trigyn Technologies Limited
57.76
-25.25
-30.42%
IN:XELPMOC
Xelpmoc Design And Tech Ltd
97.85
3.17
3.35%
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.