AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 25 Sep - Dev Accelerator disclosed AGM voting results; all 10 resolutions passed on September 25, 2026.
Source: Bse
Dev Accelerator Limited (DEVX)
Small CapServices stocks · Small cap · NSE
Dev Accelerator Limited operates in Co-Working / Managed Offices, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹41.34
-1.17 · -2.75%
Market cap ₹402 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Latest result12 Aug, 06:16 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
70BullishSMA20 +14.2% / mo · MACD +
Stock trend: 70
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
DEVXD candles · FIT view-1.5%Latest close ₹41.34 on 2026-10-19
Bar
+0.3%
RSI
66
MACD hist
0.34
52W pos
56%
2026-10-19O ₹41.20H ₹42.48L ₹40.05C ₹41.34Vol 1.1L 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
DEVXNifty 500
- DEVX
- +21.6%
- Nifty 500
- -5.6%
- Vs Nifty 500
- +27.1 pp
Chart stats
19 Oct 2026- From 52W high
- -18.6%
- 52W range position
- 55%
- ATR (14)
- 4.5%
- Volume vs 20D
- 0.68x
- Avg traded value
- ₹0.6 Cr
- 20D price channel
- ₹31.5 - ₹43.7
₹50.8
₹30 - ₹50.8
₹1.9
Latest completed session
20-session average
43.7% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED28
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average40
Revenue -3.3% · PAT +971.4% YoY
Technical
Bullish70
Price trend and sector-relative-strength timing.
Valuation
Legacy model-37.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
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
Average · 40/100Rev -3% YoY · PAT +971% YoY · margin expansion · operating leverage
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹53.8 Cr | -3.3% | -9.3% |
| EBITDA | ₹30.3 Cr | +14.7% | -6.8% |
| Operating margin | 56.3% | +887 bps | +150 bps |
| PAT | ₹1.5 Cr | +971.4% | -81.2% |
| PAT margin | 2.8% | +254 bps | -1064 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 34.90
- P/B
- 2.10
- EV/EBITDA
- 4.43
- Market Cap
- 402.00Cr
Profitability
- ROE
- 6.60%
- ROCE
- 11.90%
- ROA
- 1.55%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 48.52%
- EPS 5Y
- 123.61%
- Revenue 3Y
- 48.00%
- EPS 3Y
- 38.00%
Balance Sheet
- Debt/Equity
- 2.05
- Interest Coverage
- 2.46×
- Altman Z
- 1.91
- Book Value
- 20.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 90.00 Cr
- EPS TTM
- 1.13
Shareholding
- Promoter Hold
- 35.08%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 62%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 226+42.1% vs prev
Net Profit
₹ CrLatest: 9.0+350.0% vs prev
Return on Equity
%Latest: 5.0+26.3% 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 uptrend intact. RSI 66. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~12.4% over last month) — short-term momentum positive.
- RSI(14) at 66 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 18% off 52W high · 38% 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.
Nifty 500 leadership
Relative Strength & Trend Stage
67
RS percentile
Stage 3 Topping
1M return
+28.3%
3M return
+21.6%
6M return
+3.2%
1Y return
-3.7%
RS 1D
0
RS 20D
+54
Sector rank
#12
Industry rank
-
Stage evidence
- 12.9% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (-0.5% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price above
200-DMA
price above
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 80.13-1.75%
RS vs Nifty 50080
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth23/25
Quality0/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
28
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
28/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 23/25 to the score.
- Cash flow contributes 3/10 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -37.8%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
34.9
PB
2.1
EV/EBITDA
4.4
ROE
6.6%
ROCE
11.9%
FCF Yield
—
Debt/Equity
2.0
MoS
-37.8%
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: 20 Oct 2026
v4.3-runtime-valuation
Final score
28
Previous: 28
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-37.8%
Previous: -37.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
29
29
29
29
29
29
29
29
29
28
28
28
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
₹22.66
-82.4% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹30
-37.8% MoS
PEG
0.39
Comparable companies
Peers
Business-comparable peers in Services — 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
AWFIS
Small
Awfis Space Solutions Limited
Real Estate Services
match 120
55
20.6
15.4%
+24%
FAIR VALUE
NIMBSPROJ
Small
Nimbus Projects Limited
Real Estate
match 83
23
—
-18.4%
—
OVERVALUED
MBLINFRA
Small
MBL Infrastructure Limited
Real Estate
match 82
21
—
-7.2%
—
OVERVALUED
EMAMIREAL
Small
Emami Realty Limited
Real Estate
match 82
17
—
—
—
OVERVALUED
RPPINFRA
Small
R.P.P. Infra Projects Limited
Real Estate
match 79
16
122.0
1.9%
-1360%
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 Accelerator Limited operates in Co-Working / Managed Offices, within the Services 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
55Limited 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 16th percentile of the scored universe and 14th percentile within Services. Main check: results consistency is weak at 31/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
19 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
16th percentile
overall median 67 · Services: 14th pctile, median 66 · Small: 18th pctile, median 66
Evidence depth
Financial-only
19 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
70
acceptable · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
53
watch · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 1.7%.
- ▸Debt/equity is 1.99.
- ▸ROE is low at 7.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dev Accelerator 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 - Intimation 23 Sep - Management will attend Arihant Capital Bharat Connect Conference on September 30, 2026.
Source: Bse
Annual reportSep 2026
Sep 2026 · Intimation Under Regulation 36(1)(B) And 58(1)(B) Of The SEBI Listing Regulations 1 Sep - Dev Accelerator will hold its 6th AGM on September 25, 2026; annual report web link shared.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Newspaper Publications - Post Dispatch Notice of Annual General Meeting to be held on Friday, September 25, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Sep - Dev Accelerator to hold one-on-one non-deal roadshow with investors on September 10, 2026 in Mumbai.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 17 Jul - Acuite affirmed ACUITE BBB Stable rating for DevX's proposed Rs.100 crore NCD issue.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - Q1 FY27 results: revenue Rs53.8 Cr, EBITDA Rs30.3 Cr, PAT Rs1.5 Cr; 27 centers, 1.13 Mn sq ft.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Newspaper Publication - Unaudited Financial Results for quarter ended June 30, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 12 Aug - Monitoring agency report for quarter ended June 30, 2026 shows nil deviation in Rs 35 crore preferential issue utilisation.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 16 Jun - Board allotted 33.33 lakh warrants and 44.44 lakh shares on June 16, 2026, raising up to Rs. 34.99 crore.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.