Dev Information Technology Ltd

DEVIT

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Market Cap

₹ 210 Cr

P/E

31.31

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

UNDERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Dev Information Technology Limited provides a comprehensive range of information technology solutions, including enterprise solutions, e-governance solutions, and custom software development.

The company is focusing on AI, blockchain, and cybersecurity, with significant investments to expand capabilities, including the launch of AI-based products like Talligence 2.0.

It has a strong presence in cloud and data center services, engaging in strategic projects in cloud migration and e-governance modernization across India.

The company is pursuing international expansion with established operations across North America, Australia, and Europe, enhancing strategic partnerships in these regions.

Dev Information Technology showed strong profitability due to an exceptional gain from its investment in DevX, which recently went public, highlighting a strategic asset creation approach.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

210 Cr

Volatility

High Risk

P/E Ratio

31.3

Industry P/E

38.4

PEG Ratio

0.3

P/B Ratio

1.6

52W High

76.40

52W Low

35.26

Sales CAGR

4.33%

15.01%

17.90%

10Y

14.39%

Profit CAGR

55.91%

100.43%

35.09%

10Y

25.38%

ROE

TTM

5.22%

19.45%

14.73%

10Y

14.52%

ROCE

TTM

7.37%

24.76%

20.34%

10Y

21.33%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
IDINFO	63.31	214 Cr	41.38	3.16	0.00	7.61	8.84	7.26
TRIGYN	68.59	211 Cr	41.85	0.28	0.00	0.59	2.27	0.49
DEVIT	37.25	210 Cr	31.31	1.63	0.27	5.22	7.37	37.14
SHRAAITECH	34.36	209 Cr	18.47	2.69	1.75	14.58	19.67	13.06
INFINITY	378.05	206 Cr	49.16	5.56	0.00	18.35	24.15	17.74
ACSTECH	33.70	205 Cr	38.30	2.01	0.00	5.27	7.54	3.18
COVANCE	92.26	204 Cr	14.11	1.39	0.00	9.83	14.12	5.72

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	60	28	32	43	35	36	48	52	43	49
Expenses	57	26	29	37	30	37	45	49	39	45
Operating Profit	3.07	2.06	2.44	6.20	5.79	-1.08	3.00	2.75	3.56	3.15
OPM %	5.08	7.37	7.69	14.27	16.33	-3.01	6.29	5.33	8.28	6.49
Other Income	0.22	0.56	0.23	0.53	0.27	12	0.44	0.23	0.47	94
Interest	0.34	0.35	0.33	0.40	0.52	0.99	0.51	0.58	0.54	0.71
Depreciation	0.27	0.30	0.33	0.49	0.75	0.79	0.70	0.79	0.71	0.84
Profit Before Tax	2.68	1.96	2.02	5.84	4.79	9.45	2.22	1.62	2.78	96
Tax %	31.72	15.82	15.35	26.71	22.34	14.18	18.47	29.63	21.58	24.98
Net Profit	1.83	1.65	1.71	4.28	3.72	8.11	1.82	1.13	2.18	72
EPS in Rs	0.65	0.29	0.30	0.74	0.62	1.49	0.32	0.21	0.37	12.75

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	64	70	76	69	85	100	124	164	171	178
Expenses	58	61	68	64	82	95	117	150	160	170
Operating Profit	6.34	8.58	7.84	4.78	2.32	4.82	6.93	14	10	8.23
OPM %	9.91	12.33	10.34	6.98	2.74	4.82	5.58	8.42	6.14	4.62
Other Income	0.50	0.36	2.25	2.44	0.93	-0.10	6.97	1.54	13	13
Interest	1.63	1.69	1.54	1.41	1.07	0.94	1.39	1.42	2.60	2.62
Depreciation	0.75	1.75	1.79	2.04	2.13	1.82	1.25	1.40	3.04	2.99
Profit Before Tax	4.46	5.50	6.76	3.77	0.05	1.97	11	12	18	16
Tax %	33.07	27.97	35.25	-0.51	858.67	103.61	19.86	24.16	18.25	17.61
Net Profit	2.99	3.96	4.38	3.79	-0.38	-0.07	9.02	9.48	15	13
EPS in Rs	—	—	—	—	—	—	1.60	1.98	2.64	13.65
Dividend Payout %	6.67	7.15	6.31	7.46	0.00	833.33	6.16	5.98	3.78	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.50	4.03	5.52	5.52	5.52	5.52	11	11	11	11
Reserves	10	12	20	24	28	27	22	30	44	57
Borrowings	6.63	6.72	8.46	11	11	11	9.63	7.29	15	20
Other Liabilities	13	21	20	16	14	18	24	19	25	33
Total Liabilities	31	43	54	56	58	62	66	68	95	122
Fixed Assets	4.15	9.14	8.59	14	12	10	9.86	14	22	23
CWIP	0.00	0.00	0.00	0.01	0.18	0.22	0.87	1.14	3.26	3.82
Investments	0.30	0.23	0.23	0.23	5.06	4.01	2.98	3.19	3.48	3.64
Other Assets	27	34	45	42	41	47	53	49	67	92
Total Assets	31	43	54	56	58	62	66	68	95	122

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.66	8.56	-2.76	7.03	4.89	5.71	5.81	-1.65	-0.79	-8.87
Cash from Investing Activity	-0.29	-5.57	-0.82	-6.75	-7.42	-0.37	-2.13	-0.65	-2.11	9.31
Cash from Financing Activity	-1.16	-1.41	5.98	0.21	0.86	-1.24	-2.68	-4.33	3.80	-1.94
Net Cash Flow	0.21	1.58	2.40	0.49	-1.67	4.09	0.99	-6.63	0.90	-1.50

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	67.65%	67.53%	67.53%	67.48%	71.31%	70.20%	70.20%	68.73%	66.63%	66.63%	66.63%	66.63%
FIIs	1.81%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%	1.45%	1.49%	0.45%	0.33%	0.33%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	30.54%	30.75%	32.47%	32.52%	28.69%	29.80%	29.80%	29.82%	31.89%	32.92%	33.04%	33.04%
Total Shareholders	7,832	7,044	7,980	7,181	8,303	8,419	9,229	14,104	19,317	20,459	23,706	34,023

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jun 13, 2025	Jagadishbhai chinubhai shah	Insider - Promoter Group	Disposal	—	—	13,500	0.06
Jun 13, 2025	Jaimin jagdishbhai shah	Insider - Promoter & Director	Acquisition	—	—	13,500	0.05
Jun 13, 2025	Jagadishbhai chinubhai shah	Insider - Promoter Group	Disposal	—	—	13,500	0.06
Jun 13, 2025	Jaimin jagdishbhai shah	Insider - Promoter & Director	Acquisition	—	—	13,500	0.05
Jan 07, 2025	Hrti private limited	Bulk	Sell	179.24	3.46 Cr	1,92,791	0.85
Jan 07, 2025	Hrti private limited	Bulk	Buy	178.54	3.04 Cr	1,70,286	0.75
Jan 03, 2025	Hrti private limited	Bulk	Buy	182.13	2.59 Cr	1,42,395	0.63
Jan 03, 2025	Hrti private limited	Bulk	Sell	182.06	2.48 Cr	1,36,220	0.60
Dec 31, 2024	Amisha jaimin shah	Insider - Promoter	Disposal	167.00	1.84 Cr	1,10,000	0.48
Dec 31, 2024	Amisha jaimin shah	Insider - Promoter	Disposal	167.00	1.84 Cr	1,10,000	0.48

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q2 FY23

Investor Presentation

Q2 FY23

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Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	60	28	32	43	35	36	48	52	43	49
Expenses	57	26	29	37	30	37	45	49	39	45
Operating Profit	3.07	2.06	2.44	6.20	5.79	-1.08	3.00	2.75	3.56	3.15
OPM %	5.08	7.37	7.69	14.27	16.33	-3.01	6.29	5.33	8.28	6.49
Other Income	0.22	0.56	0.23	0.53	0.27	12	0.44	0.23	0.47	94
Interest	0.34	0.35	0.33	0.40	0.52	0.99	0.51	0.58	0.54	0.71
Depreciation	0.27	0.30	0.33	0.49	0.75	0.79	0.70	0.79	0.71	0.84
Profit Before Tax	2.68	1.96	2.02	5.84	4.79	9.45	2.22	1.62	2.78	96
Tax %	31.72	15.82	15.35	26.71	22.34	14.18	18.47	29.63	21.58	24.98
Net Profit	1.83	1.65	1.71	4.28	3.72	8.11	1.82	1.13	2.18	72
EPS in Rs	0.65	0.29	0.30	0.74	0.62	1.49	0.32	0.21	0.37	12.75

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	64	70	76	69	85	100	124	164	171	178
Expenses	58	61	68	64	82	95	117	150	160	170
Operating Profit	6.34	8.58	7.84	4.78	2.32	4.82	6.93	14	10	8.23
OPM %	9.91	12.33	10.34	6.98	2.74	4.82	5.58	8.42	6.14	4.62
Other Income	0.50	0.36	2.25	2.44	0.93	-0.10	6.97	1.54	13	13
Interest	1.63	1.69	1.54	1.41	1.07	0.94	1.39	1.42	2.60	2.62
Depreciation	0.75	1.75	1.79	2.04	2.13	1.82	1.25	1.40	3.04	2.99
Profit Before Tax	4.46	5.50	6.76	3.77	0.05	1.97	11	12	18	16
Tax %	33.07	27.97	35.25	-0.51	858.67	103.61	19.86	24.16	18.25	17.61
Net Profit	2.99	3.96	4.38	3.79	-0.38	-0.07	9.02	9.48	15	13
EPS in Rs	—	—	—	—	—	—	1.60	1.98	2.64	13.65
Dividend Payout %	6.67	7.15	6.31	7.46	0.00	833.33	6.16	5.98	3.78	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.50	4.03	5.52	5.52	5.52	5.52	11	11	11	11
Reserves	10	12	20	24	28	27	22	30	44	57
Borrowings	6.63	6.72	8.46	11	11	11	9.63	7.29	15	20
Other Liabilities	13	21	20	16	14	18	24	19	25	33
Total Liabilities	31	43	54	56	58	62	66	68	95	122
Fixed Assets	4.15	9.14	8.59	14	12	10	9.86	14	22	23
CWIP	0.00	0.00	0.00	0.01	0.18	0.22	0.87	1.14	3.26	3.82
Investments	0.30	0.23	0.23	0.23	5.06	4.01	2.98	3.19	3.48	3.64
Other Assets	27	34	45	42	41	47	53	49	67	92
Total Assets	31	43	54	56	58	62	66	68	95	122

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.66	8.56	-2.76	7.03	4.89	5.71	5.81	-1.65	-0.79	-8.87
Cash from Investing Activity	-0.29	-5.57	-0.82	-6.75	-7.42	-0.37	-2.13	-0.65	-2.11	9.31
Cash from Financing Activity	-1.16	-1.41	5.98	0.21	0.86	-1.24	-2.68	-4.33	3.80	-1.94
Net Cash Flow	0.21	1.58	2.40	0.49	-1.67	4.09	0.99	-6.63	0.90	-1.50

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
IDINFO	63.31	214 Cr	41.38	3.16	0.00	7.61	8.84	7.26
TRIGYN	68.59	211 Cr	41.85	0.28	0.00	0.59	2.27	0.49
DEVIT	37.25	210 Cr	31.31	1.63	0.27	5.22	7.37	37.14
SHRAAITECH	34.36	209 Cr	18.47	2.69	1.75	14.58	19.67	13.06
INFINITY	378.05	206 Cr	49.16	5.56	0.00	18.35	24.15	17.74
ACSTECH	33.70	205 Cr	38.30	2.01	0.00	5.27	7.54	3.18
COVANCE	92.26	204 Cr	14.11	1.39	0.00	9.83	14.12	5.72

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Dev Information Technology Limited provides a comprehensive range of information technology solutions, including enterprise solutions, e-governance solutions, and custom software development.

The company is focusing on AI, blockchain, and cybersecurity, with significant investments to expand capabilities, including the launch of AI-based products like Talligence 2.0.

It has a strong presence in cloud and data center services, engaging in strategic projects in cloud migration and e-governance modernization across India.

The company is pursuing international expansion with established operations across North America, Australia, and Europe, enhancing strategic partnerships in these regions.

Dev Information Technology showed strong profitability due to an exceptional gain from its investment in DevX, which recently went public, highlighting a strategic asset creation approach.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

210 Cr

Volatility

High Risk

P/E Ratio

31.3

Industry P/E

38.4

PEG Ratio

0.3

P/B Ratio

1.6

52W High

76.40

52W Low

35.26

Sales CAGR

4.33%

15.01%

17.90%

10Y

14.39%

Profit CAGR

55.91%

100.43%

35.09%

10Y

25.38%

ROE

TTM

5.22%

19.45%

14.73%

10Y

14.52%

ROCE

TTM

7.37%

24.76%

20.34%

10Y

21.33%