Dev Information Tech

₹109.1 0 | 0%

WEBSITE BSE:543462 NSE : DEVIT 18 May, 12:50

Market Cap ₹245 Cr.

Stock P/E 28.5

P/B 4.9

Current Price ₹109.1

Book Value ₹ 22.4

Face Value 5

52W High ₹174.1

Dividend Yield 0.23%

52W Low ₹ 94.1

Edit Ratio

Dev Information Tech Research see more...

Overview Inc. Year: 1997Industry: IT - Software

Dev Information Technology Ltd is a dynamic and innovative technology company that specializes in providing cutting-edge IT solutions to clients across various industries. With a strong focus on delivering excellence, Dev IT offers a wide range of services, including software development, application integration, cloud computing, cybersecurity, and IT consulting. The company leverages its expertise in emerging technologies such as artificial intelligence, machine learning, and blockchain to help businesses optimize their operations, improve efficiency, and drive growth. Dev IT's team of skilled professionals combines technical proficiency with industry knowledge to deliver tailor-made solutions that meet the unique needs of each client. Committed to quality and customer satisfaction, Dev Information Technology Ltd strives to be a trusted partner for organizations seeking robust and future-ready IT solutions.

Dev Information Tech Share Price

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Peer Comparison

Dev Information Tech Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	16	29	32	27	26	27	44	60	28	32
Other Income	0	0	0	0	0	6	0	0	1	0
Total Income	16	29	32	27	26	33	44	61	29	32
Total Expenditure	15	28	30	25	24	29	39	57	26	29
Operating Profit	1	1	2	2	2	4	5	3	3	3
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	1	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	1	1	2	2	4	4	3	2	2
Provision for Tax	1	1	1	0	0	1	1	1	0	0
Profit After Tax	0	0	0	2	1	3	4	2	2	2
Adjustments	-0	-0	-0	-0	-0	0	-0	-0	-0	-0
Profit After Adjustments	-0	-0	0	2	1	3	3	2	2	2
Adjusted Earnings Per Share	-0	-0.1	0.1	0.7	0.4	1.3	1.5	0.8	0.7	0.8

Dev Information Tech Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	43	57	46	47	64	70	76	69	85	100	124	164
Other Income	0	0	0	1	1	0	0	1	1	1	7	1
Total Income	43	58	46	48	64	70	76	69	86	101	131	166
Total Expenditure	41	54	42	43	58	61	68	64	82	95	117	151
Operating Profit	2	3	4	5	7	9	8	6	3	6	14	14
Interest	1	1	1	1	2	2	2	1	1	1	1	0
Depreciation	1	1	1	1	1	2	2	2	2	2	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	2	2	0	0	0	0
Profit Before Tax	1	2	2	3	4	6	7	4	0	2	11	11
Provision for Tax	1	0	0	1	1	2	2	-0	0	2	2	2
Profit After Tax	1	1	1	2	3	4	4	4	-0	-0	9	10
Adjustments	0	-0	-0	0	0	-0	-0	-0	0	0	-0	0
Profit After Adjustments	1	1	1	2	3	4	4	4	-0	0	9	9
Adjusted Earnings Per Share	0.4	0.7	0.8	1.4	1.9	1.7	2	1.7	-0.1	0	4.1	3.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	22%	12%	11%
Operating Profit CAGR	133%	33%	9%	21%
PAT CAGR	0%	31%	18%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-2%	70%	37%	NA%
ROE Average	24%	8%	10%	14%
ROCE Average	28%	12%	14%	19%

Dev Information Tech Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	7	8	9	11	16	26	30	33	33	33	42
Minority's Interest	0	0	0	0	0	0	0	0	0	-0	0
Borrowings	2	2	2	3	2	1	4	2	1	1	4
Other Non-Current Liabilities	0	0	0	0	1	0	1	1	0	1	0
Total Current Liabilities	15	27	15	17	24	26	22	22	27	32	22
Total Liabilities	25	38	27	31	43	54	56	58	62	66	68
Fixed Assets	5	5	4	4	9	9	14	12	10	10	14
Other Non-Current Assets	2	1	2	2	1	1	4	8	8	7	7
Total Current Assets	18	32	21	25	33	45	38	39	44	49	46
Total Assets	25	38	27	31	43	54	56	58	62	66	68

Dev Information Tech Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	1	3	3	4	3	5	5	4	8	9
Cash Flow from Operating Activities	-0	3	1	2	6	-3	7	5	6	6	-2
Cash Flow from Investing Activities	-0	-0	-0	-0	-6	-1	-7	-7	-0	-2	-1
Cash Flow from Financing Activities	-1	-0	-0	-1	-1	6	0	1	-1	-3	-4
Net Cash Inflow / Outflow	-1	2	0	0	-1	2	0	-2	4	1	-7
Closing Cash & Cash Equivalent	1	3	3	4	3	5	5	4	8	9	2

Dev Information Tech Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.39	0.73	0.85	1.37	1.85	1.73	1.98	1.68	-0.08	0.04	4.06
CEPS(Rs)	0.71	1.1	1.37	1.75	2.32	2.59	2.79	2.64	0.79	0.79	4.64
DPS(Rs)	0.5	0.75	1	1.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
Book NAV/Share(Rs)	4.57	5.25	5.99	7.26	10.04	11.75	13.54	15.07	12.58	14.82	18.73
Core EBITDA Margin(%)	5.08	4.99	7.14	9.73	9.91	12.33	10.34	6.98	2.74	4.82	5.46
EBIT Margin(%)	4.2	4.52	6.41	9.86	9.52	10.33	10.95	7.56	1.32	2.91	10.18
Pre Tax Margin(%)	2.7	2.66	3.87	6.76	6.98	7.91	8.92	5.51	0.06	1.97	9.07
PAT Margin (%)	1.31	1.94	2.8	4.35	4.67	5.7	5.78	5.53	-0.44	-0.07	7.27
Cash Profit Margin (%)	2.47	2.87	4.51	5.54	5.85	8.21	8.13	8.5	2.07	1.75	8.27
ROA(%)	2.3	3.58	3.95	7.12	8.03	8.12	7.93	6.64	-0.63	-0.11	13.44
ROE(%)	8.26	15.12	15.1	20.72	22.05	18.81	15.69	12.01	-1.23	-0.23	24.34
ROCE(%)	14.78	19.51	18.81	26.49	28.62	24.25	21.78	12.18	2.55	6.74	27.77
Receivable days	79.37	100.13	145.19	117.2	104.24	122.23	110.57	109.81	93.76	96.78	97.13
Inventory Days	49.33	31.65	21.24	17.51	22.73	29.29	29.46	30.31	30.84	24.29	14.2
Payable days	103.49	130.64	186.07	125.23	134.24	168.01	147.45	135.67	99.01	128.08	90.38
PER(x)	0	0	0	0	0	10.74	12.35	9.85	0	1480.07	23.49
Price/Book(x)	0	0	0	0	0	1.58	1.81	1.09	2.23	4.38	5.09
Dividend Yield(%)	0	0	0	0	0	0.67	0.51	0.76	0.45	0.38	0.26
EV/Net Sales(x)	0.11	0.06	0.11	0.1	0.11	0.62	0.76	0.6	0.73	1.43	1.72
EV/Core EBITDA(x)	2.08	1.15	1.33	0.87	0.99	4.82	6.92	7.25	19.1	24.11	15.33
Net Sales Growth(%)	0	32.66	-20.59	3.95	35.12	8.86	8.96	-9.6	23.48	17.94	24.38
EBIT Growth(%)	0	42.71	12.68	60.04	30.46	18.09	15.5	-37.59	-78.36	158.78	335.71
PAT Growth(%)	0	96.54	14.34	61.76	45	32.71	10.54	-13.4	-109.92	81.15	0
EPS Growth(%)	0	88.64	15.3	62.4	34.84	-6.37	14.2	-15.36	-105.04	151.95	9146.47
Debt/Equity(x)	0.79	0.81	0.86	0.7	0.49	0.36	0.37	0.33	0.39	0.29	0.17
Current Ratio(x)	1.19	1.16	1.35	1.45	1.36	1.69	1.75	1.73	1.61	1.52	2.08
Quick Ratio(x)	0.8	1.01	1.28	1.26	1.17	1.44	1.49	1.47	1.3	1.37	1.85
Interest Cover(x)	2.81	2.43	2.53	3.18	3.74	4.26	5.4	3.68	1.05	3.1	9.11
Total Debt/Mcap(x)	0	0	0	0	0	0.23	0.21	0.3	0.18	0.07	0.03

Dev Information Tech Shareholding Pattern

#	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	69.07	69.07	68.06	68.06	67.65	67.53	67.53	67.48	71.31	70.2
FII	0	0	1	1.81	1.81	1.72	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	30.93	30.93	30.94	30.12	30.54	30.75	32.47	32.52	28.69	29.8
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.38	0.76	0.75	0.75	1.5	1.49	1.49	1.49	1.58	1.58
FII	0	0	0.01	0.02	0.04	0.04	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.17	0.34	0.34	0.33	0.68	0.68	0.72	0.72	0.64	0.67
Others	0	0	0	0	0	0	0	0	0	0
Total	0.55	1.1	1.1	1.1	2.21	2.21	2.21	2.21	2.21	2.25

Pros

Debtor days have improved from 128.08 to 90.38days.
Company is almost debt free.

Cons

Company has a low return on equity of 8% over the last 3 years.
Stock is trading at 4.9 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.