AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - 29th AGM on 30 Sep 2026 approved Jayesh Dave and Bhawika Ogra appointments.
Source: Bse
Dev Information Technology Limited (DEVIT)
Small CapIT stocks · Small cap · NSE
Dev Information Technology Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 06:27 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
54Neutralfull bear SMA stack · SMA20 -14.1% / mo · MACD + · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 24
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DEVITD candles · FIT view-41.1%Latest close ₹19.83 on 2026-10-19
Bar
-0.4%
RSI
31
MACD hist
0.03
52W pos
6%
2026-10-19O ₹19.90H ₹20.50L ₹19.12C ₹19.83Vol 19,102 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DEVITNifty ITNifty 500
- DEVIT
- -26.4%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -20.8 pp
Chart stats
19 Oct 2026- From 52W high
- -55.4%
- 52W range position
- 6%
- ATR (14)
- 6.7%
- Volume vs 20D
- 0.37x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹18.2 - ₹24
₹44.4
₹18.2 - ₹44.4
₹1.3
Latest completed session
20-session average
37.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +2.6% · PAT -3.2% YoY
Technical
Neutral54
Price trend and sector-relative-strength timing.
Valuation
Legacy model+95.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence46
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -3% YoY · margin compression · Rev +3% YoY
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹44.1 Cr | +2.6% | -18.1% |
| EBITDA | ₹3.3 Cr | -6.2% | +14.8% |
| Operating margin | 7.6% | -71 bps | +217 bps |
| PAT | ₹2.1 Cr | -3.2% | -76.5% |
| PAT margin | 4.8% | -29 bps | -1185 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.00
- P/B
- 1.06
- EV/EBITDA
- 24.67
- Market Cap
- 117.00Cr
Profitability
- ROE
- -41.70%
- ROCE
- 2.62%
- ROA
- 40.43%
- Dividend Y
- 0.49%
Growth (CAGR)
- Revenue 5Y
- 17.00%
- EPS 5Y
- 10.00%
- Revenue 3Y
- 15.00%
- EPS 3Y
- -27.00%
Balance Sheet
- Debt/Equity
- 0.28
- Interest Coverage
- 1.00×
- Altman Z
- 2.90
- Book Value
- 19.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- -2.00 Cr
- EPS TTM
- 13.44
Shareholding
- Promoter Hold
- 3.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 1%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 190+11.1% vs prev
Net Profit
₹ CrLatest: 76.0+406.7% vs prev
Return on Equity
%Latest: 69.7+216.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 31. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~16.5% over last month) — short-term momentum negative.
- RSI(14) at 31 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 55% off 52W high · 9% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · WATCHLISTValuation30/30
Growth8/25
Quality0/20
Balance Sheet4/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-7
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 95.3%.
- Valuation contributes 30/30 to the score.
- Growth contributes 8/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 4/15; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
21.0
PB
1.1
EV/EBITDA
24.7
ROE
-41.7%
ROCE
2.6%
FCF Yield
—
Debt/Equity
0.3
MoS
+95.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 39
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+95.3%
Previous: +95.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
39
39
39
39
39
39
39
39
39
39
39
39
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹76.59
+74.1% MoS
Growth-justified P/E
31.2
Growth-justified Value
₹419.6
+95.3% MoS
PEG
2.10
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GATECH
Small
GACM Technologies Limited
IT Services / Digital
match 159
35
15.8
10.9%
-73%
WATCHLIST
VITAL
Small
Vital Chemtech Limited
IT Services / Digital
match 157
14
46.7
1.0%
-720%
OVERVALUED
COMPUSOFT
Small
Compucom Software Limited
IT Services / Digital
match 157
14
—
-1.8%
-612%
OVERVALUED
XELPMOC
Small
Xelpmoc Design And Tech Limited
IT Services / Digital
match 156
12
—
-11.1%
—
OVERVALUED
VLEGOV
Small
VL E-Governance & IT Solutions Limited
IT Services / Digital
match 156
11
—
-2.5%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Dev Information Technology Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
46Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 3rd percentile of the scored universe and 3rd percentile within IT. Main check: financial discipline is weak at 10/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
35 docs text-extracted · 11 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
3rd percentile
overall median 67 · IT: 3rd pctile, median 69 · Small: 4th pctile, median 66
Evidence depth
Financial-only
35 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
48
watch · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
67
acceptable · leverage and solvency
Discipline
10
weak · capital discipline
Results
50
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Promoter holding fell 12%.
- ▸Operating cash flow is negative at ₹-2 Cr.
- ▸Promoter holding is only 3%.
- ▸Interest coverage is 1.0x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dev Information Technology Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 24 Sep - Investor/analyst meeting held virtually on September 24, 2026; no UPSI discussed.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Investor/analyst group meeting scheduled virtually on 24 September 2026 at 2:00 PM, organized by Kirin Advisors.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 11 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 10 Sep - DEVIT secured Rs 30 lakh CPRI website redevelopment and maintenance order, executable over about 4 years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Copy Of Newspaper Advertisement - Post Dispatch Newspaper Advertisement Regarding 29TH AGM Of The Company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 20 Aug - DEV IT won ₹5.15 crore NICSI order for Rajasthan IFMS 3.0 apps, to execute in six months.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 20 Aug - DEVIT secures ₹5.15 crore NICSI order for Rajasthan IFMS 3.0 web and mobile apps, executed in 6 months.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Aug - DEVIT secured Rs. 5.33 crore Gujarat government IT order, executable in about 1 month.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 6 Jul - DEVIT wins Haryana HARTRON order worth about Rs 73 lakhs for legal knowledge system.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 1 Jul - DEVIT wins 2.79 crore GIFTCL order for digital portal and Digital Twin, executed over 2.5 years.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.