Dev Information Technology Limited Stock Price Today (NSE: DEVIT)

Dev Information Technology Limited

28.870.18 (0.62%)
Market Closed

Fundamental Score

...

Dev Information Technology Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Dev Information Technology Limited share price today is 28.87, down 0.62% on NSE/BSE as of 23 June 2026. Dev Information Technology Limited (DEVIT) is a Small-cap company in the IT Enabled Services sector with a market capitalisation of 224.83 (Cr). The 52-week high for DEVIT share price is 125.90 and the 52-week low is 22.25. At a P/E ratio of 33.26x, DEVIT is currently trading below its industry average P/E of 33.81x. The company has a Return on Equity (ROE) of 9.51% and a debt-to-equity ratio of 0.18.

Dev Information Technology Limited Share Price Chart — NSE/BSE Historical Performance

No data
High
34.80
Low
27.30
Volume
61.2K
Change
-14.73%

Dev Information Technology Limited share price chart: -14.73% return over the past month. 52-week high ₹125.90, 52-week low ₹22.25.

Dev Information Technology Limited — Last 10 Trading Days

DateOpenHighLowCloseVolume
28.5129.3028.2128.8730.70K (Cr)
28.1029.3027.6629.0552.91K (Cr)
30.5031.3027.6028.032.64L (Cr)
28.8029.7528.8029.1115.26K (Cr)
29.9930.1028.7129.0824.40K (Cr)
28.7730.3428.7729.3219.69K (Cr)
29.8429.9828.1128.6258.00K (Cr)
30.0031.0029.5229.8438.27K (Cr)
28.8029.5028.6229.2415.30K (Cr)
27.5029.5027.5029.0761.30K (Cr)

Dev Information Technology Limited — Last 12 Months Price History

MonthOpenHighLowCloseChange
28.1029.3027.6628.87+2.74%
30.8033.0027.3028.03-8.99%
25.0037.4523.0031.14+24.56%
22.7530.9522.2523.23+2.11%
30.8936.4922.7023.21-24.86%
33.0136.6530.0030.71-6.97%
40.3342.1930.1032.23-20.08%
40.0144.0040.0040.13+0.30%
40.0244.4437.5040.01-0.02%
43.9347.3040.0040.11-8.70%
111.80115.6741.1543.93-60.71%
114.72125.90110.01111.71-2.62%

AI Research Briefing

Powered by Gemini · 2026-04-13

Micro-cap riding government IT wave, but watch for execution risk and margin squeeze.

Research Confidence
6.0/10Moderate
GOVT CAPEX DARK HORSEConsolidation - 1M: -0.02%, 3M: -8.07%, 6M: -4.44%.Fair - P/E 33.26x vs Industry P/E 33.81x.

WHAT'S HAPPENING NOW (last 2-4 weeks)

Dev IT secured a order from NICSI for the National Pharmacists Registration Tracking System (NPRTS) under the Pharmacy Council of India (PCI). The project spans three years and includes software development, integration, maintenance, and cybersecurity. The stock jumped 5.68% to following the announcement.

CORE STORY (THE REAL GAME)

Dev IT is a government IT play, riding the wave of digital transformation initiatives. This isn't about cutting-edge tech; it's about securing government contracts and delivering reliable IT services.

Why Now
  • ₹26 crore NICSI order provides near-term revenue visibility
  • Government digital transformation initiatives are a tailwind
  • Slump sale simplifies operations
Potential Catalysts
  • New government contract wins
  • Improved execution on existing contracts
  • Successful integration of cybersecurity solutions
Key Risks
  • Micro/SME cap - liquidity risk
  • High reliance on government contracts
  • Negative free cash flow
Institutional Activity

No significant FII/DII activity reported.

Macro Context

Indian IT spending is expected to reach ₹15,14,241 crore (US$ 176.3 billion) in 2026, driven by data center expansion and AI-enabled software investments.

Order Book / Expansion

Secured ₹26 crore order from NICSI for National Pharmacists Registration Tracking System.

Cash Flow Quality

No - Free Cash Flow 5Y: ₹-14.2 Cr.

3–6 Month Outlook

Focus on government contracts and digital transformation should drive growth. Watch for execution and margin pressure.

Primary Thesis Risk

Failure to efficiently execute fixed-cost government contracts will crush margins.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

9.51%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

11.20%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

5.83%

Average operating profit margin over 5 years

Dividend Yield

0.50%

Annual dividend as % of current share price

Dev Information Technology Limited Valuation Check

Average

Price to Earnings (P/E)

33.26x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

33.81x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

66.63%

% shares held by company founders/management

Poor

FII Holding

0.33%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

-79.75%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

34.97%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

20.00%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

20.84%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

21.31%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.18x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

4.80x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-14.20 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Dev Information Technology Limited Fundamental Analysis & Valuation Benchmarking

Educational evaluation of DEVIT across key market metrics for learning purposes.

Positive Indicators

7 factors identified

Strong Revenue Growth (34.97%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (20.00% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (20.84% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (21.31% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.18)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Balanced Promoter Holding (66.63%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

4 factors identified

Below-Average Return on Equity (9.51%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Profit Decline Concern (-79.75%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Negative Free Cash Flow (₹-14.20 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 0.33%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Dev Information Technology Limited vs IT Enabled Services Peers

Peer Comparison - IT Enabled Services

Compare Dev Information Technology Limited with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
51.3/100
29
₹224.83
33.3
Average
9.51%
Poor
11.20%
Average
0.2
Excellent
21.31%
Excellent
20.00%
Excellent
0.50%
56.4/100
3492
₹47130.29
36.9
Average
22.16%
Excellent
28.29%
Excellent
0.1
Excellent
9.04%
Good
13.68%
Good
1.24%
65.2/100
1638
₹29262.67
48.0
Average
32.87%
Excellent
27.20%
Excellent
0.3
Excellent
28.66%
Excellent
38.17%
Excellent
0.00%
55.6/100
720
₹27600.58
39.8
Average
19.91%
Good
25.80%
Excellent
0.1
Excellent
21.37%
Excellent
12.63%
Good
1.23%
66.3/100
1477
₹23851.31
56.9
Average
14.03%
Average
16.82%
Good
0.0
Excellent
42.26%
Excellent
46.68%
Excellent
0.00%
41.7/100
41
₹23303.54
29.2
Average
7.38%
Poor
9.58%
Poor
0.1
Excellent
0.10%
60/100
4072
₹18241.54
135.3
Average
23.93%
Excellent
32.45%
Excellent
0.0
Excellent
96.32%
Excellent
49.09%
Excellent
0.08%
Cyient Ltd...
CYIENT532175
37/100
918
₹12937.90
22.9
Average
12.81%
Average
16.58%
Good
0.1
Excellent
12.34%
Good
10.70%
Good
2.24%
42.7/100
994
₹9185.65
33.8
Average
44.23%
Excellent
29.75%
Excellent
1.1
Average
23.39%
Excellent
3.62%
Average
0.19%
62.7/100
252
₹5175.87
46.5
Average
9.60%
Poor
12.99%
Average
0.0
Excellent
88.05%
Excellent
80.32%
Excellent
0.00%
63.5/100
1260
₹5101.67
17.9
Average
25.96%
Excellent
34.09%
Excellent
0.0
Excellent
12.67%
Good
18.23%
Excellent
0.00%

Dev Information Technology Limited PE Ratio History

Historical price-to-earnings ratio for DEVIT — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20256.60₹32.234.9x
FY 20244.18₹164.8739.4x
FY 20234.06₹162.7540.1x
FY 20220.06₹128.302114.3x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Dev Information Technology Limited Dividend History

Annual cash dividends paid by DEVIT — dividend yield 0.50%

Financial YearDividends Paid (₹ Cr)
FY 20251.12 Cr
FY 20240.55 Cr
FY 20230.55 Cr
FY 20220.28 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Dev Information Technology Limited Quarterly Performance

Latest quarterly metrics for DEVIT — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

34.97%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

-79.75%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

20.00%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

21.31%

Compounded annual net profit growth over 5 years

Dev Information Technology Limited Technical Indicators

SMA 50, SMA 200, RSI and volume signals for DEVIT — calculated from daily price history

41RSI 14
Neutral — RSI 41

Momentum is balanced — neither overbought nor oversold.

SMA 50
29
▼ Price below SMA 50 — Short-term bearish
SMA 200
38
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
97K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Dev Information Technology Limited Financial Statements

Annual income statement, balance sheet and cash flow for Dev Information Technology Limited (DEVIT) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Dev Information Technology Limited

About DEVIT (Dev Information Technology Limited)

Dev Information Technology Limited is a dynamic force within the IT-Enabled Services sector, operating across India, Europe, and beyond. They specialize in crafting tailored IT sol...utions designed to propel businesses into the future. Their expertise lies in understanding the intricate needs of organizations and delivering customized services that drive efficiency and growth. Dev Information Technology Limited is committed to fostering strong partnerships, working closely with clients to navigate the ever-evolving technological landscape. They focus on delivering tangible results, helping companies optimize their operations and achieve their strategic objectives through innovative and reliable IT solutions. The company boasts a comprehensive suite of cloud-based solutions, ranging from strategic cloud consulting to seamless application modernization and robust managed cloud services. They empower organizations to harness the full potential of the cloud, ensuring secure data backup and rapid recovery options. Further strengthening their portfolio are their comprehensive managed IT services. These include the construction and maintenance of digital workplaces and data centers, allowing businesses to focus on their core competencies without the burden of managing complex IT infrastructure. Dev Information Technology Limited stands at the forefront of digital transformation, ensuring businesses are well-equipped for success in today's competitive market. Dev Information Technology Limited also shines in the arena of application development. They offer a broad spectrum of services, including custom software development tailored to unique business requirements. This includes the creation of sophisticated eGovernance platforms to enhance public service delivery and intuitive mobile applications designed for seamless user experiences. By expertly blending innovation and practicality, Dev Information Technology Limited helps organizations leverage technology to gain a competitive edge and connect with their stakeholders more effectively. Their dedication to quality and client satisfaction makes them a trusted partner in the ever-changing world of IT.

Company Details

Symbol:DEVIT
Industry:IT Enabled Services
Sector:IT Enabled Services

Key Leadership

Mr. Pranav Niranjanbhai Pandya
Co-Founder & Chairman of the Board
Mr. Jaiminbhai Jagdishbhai Shah
Founder, MD, CEO & Director
Mr. Harshil Hemant Shah
Chief Financial Officer Accounts

Corporate Events

Recent
Ex-Dividend Date

DEVIT Share Price: Frequently Asked Questions

What is the current share price of Dev Information Technology Limited?

Dev Information Technology Limited (DEVIT) trades at ₹28.87 on NSE and BSE. Market cap ₹224.83 (Cr). Educational data only.

What is the P/E ratio of Dev Information Technology Limited?

Dev Information Technology Limited has a P/E of 33.26x vs industry average 33.81x.

What is the Bull Run score for Dev Information Technology Limited?

Dev Information Technology Limited has a Bull Run score of 51.3/100 based on 25+ financial parameters.

Does Dev Information Technology Limited pay dividends?

Dev Information Technology Limited has a dividend yield of 0.50%. Past dividends don't guarantee future payments.

What is the ROE of Dev Information Technology Limited?

Dev Information Technology Limited has ROE of 9.51%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Dev Information Technology Limited?

Dev Information Technology Limited has debt-to-equity of 0.18.

Is Dev Information Technology Limited a good investment?

Bull Run gives Dev Information Technology Limited a score of 51.3/100. This is not investment advice — consult a SEBI-registered advisor.