---
title: "Devoted Construction Ltd (DCL) — Share Price, Financials & Analysis"
symbol: "DCL"
company: "Devoted Construction Ltd"
canonical: "https://tapetide.com/stocks/DCL"
isin: "INE061Z01011"
bse_code: "542002"
sector: "Consumer Discretionary"
industry: "Realty"
generated_at: "2026-09-13T18:44:52.266Z"
---

# Devoted Construction Ltd (DCL)

Canonical page: https://tapetide.com/stocks/DCL

## Company

- **BSE Code:** 542002
- **ISIN:** INE061Z01011
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2018-10-29
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** devotedconstruction.com

## About

Devoted Construction is engaged in the business of Construction (During the year no business was done by the company as the company was in the process of getting listed on BSE.)

## Latest Price

- **Price:** ₹4.26
- **Change:** -0.22 (-4.91%)
- **Open:** ₹4.26
- **Day High:** ₹4.26
- **Day Low:** ₹4.26
- **Previous Close:** ₹4.48
- **Volume:** 3000
- **As Of:** 2022-03-23T03:04:37+00:00

## Key Insights

### Strengths

- Stock is trading at 0.15 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -19.7% over past five years.
- Company has a low return on equity of -0.81% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 219 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -175% | -45% | — |
| revenue growth | — | 4% | -20% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.3 | 0 | 0.05 | 0.19 | 0.06 | 0.03 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Expenses | 0.29 | 0.02 | 0.09 | 0.15 | 0.09 | 0.06 | 0.04 | 0.02 | 0.02 | 0.03 | 0.18 | 0.03 |
| Operating Profit | 0.01 | -0.02 | -0.04 | 0.04 | -0.03 | -0.03 | -0.04 | -0.02 | -0.02 | -0.03 | -0.08 | -0.03 |
| OPM % | 3.33 | — | -80 | 21.05 | -50 | -100 | — | — | — | — | -80 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.01 | -0.02 | -0.04 | 0.04 | -0.03 | -0.03 | -0.04 | -0.02 | -0.02 | -0.03 | -0.08 | -0.03 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.01 | -0.02 | -0.04 | 0.04 | -0.03 | -0.03 | -0.04 | -0.02 | -0.02 | -0.03 | -0.08 | -0.03 |
| EPS in Rs | 0.03 | -0.07 | -0.13 | 0.13 | -0.1 | -0.1 | -0.13 | -0.07 | -0.07 | -0.1 | -0.27 | -0.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0.67 | 0.3 | 0.24 | 0.09 | 0 | 0 | 0.1 |
| Expenses | 0.03 | 0.03 | 0.08 | 0.67 | 0.32 | 0.24 | 0.15 | 0.06 | 0.04 | 0.21 |
| Operating Profit | -0.03 | -0.03 | -0.08 | 0 | -0.02 | 0 | -0.06 | -0.06 | -0.04 | -0.11 |
| OPM % | — | — | — | 0 | -6.67 | 0 | -66.67 | — | — | -110 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.03 | -0.03 | -0.08 | 0 | -0.02 | 0 | -0.06 | -0.06 | -0.04 | -0.11 |
| Tax % | 0 | 0 | 0 | — | 0 | — | 0 | 0 | 0 | 0 |
| Net Profit | -0.03 | -0.03 | -0.08 | 0 | -0.02 | 0 | -0.06 | -0.06 | -0.04 | -0.11 |
| EPS in Rs | -30 | -0.1 | -0.27 | 0 | -0.07 | 0 | -0.2 | -0.2 | -0.13 | -0.37 |
| Dividend Payout % | 0 | 0 | 0 | — | 0 | — | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | -0.03 | 5.93 | 5.85 | 5.84 | 5.83 | 5.83 | 5.77 | 5.71 | 5.66 | 5.55 |
| Borrowings | 0.48 | 123.5 | 124.29 | 124.7 | 124.53 | 124.53 | 126.15 | 126.34 | 126.79 | 129.8 |
| Other Liabilities | 0.08 | 15.05 | 15 | 15.2 | 15.4 | 15.33 | 13.72 | 13.8 | 13.4 | 10.59 |
| Total Liabilities | 0.54 | 147.48 | 148.14 | 148.74 | 148.76 | 148.69 | 148.64 | 148.85 | 148.85 | 148.94 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.54 | 147.48 | 148.14 | 148.74 | 148.76 | 148.69 | 148.64 | 148.85 | 148.85 | 148.94 |
| Total Assets | 0.54 | 147.48 | 148.14 | 148.74 | 148.76 | 148.69 | 148.64 | 148.85 | 148.85 | 148.94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.48 | -132 | -0.79 | -0.41 | 0.17 | -0.11 | -0.12 | -0.04 | -0.06 | 0.03 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.25 | 0 | 0.05 |
| Cash from Financing Activity | 0.49 | 132 | 0.79 | 0.42 | -0.18 | 0.15 | 0.15 | 0.23 | 0.05 | 0.2 |
| Net Cash Flow | 0.01 | 0 | 0 | 0.01 | 0 | 0.04 | 0.03 | -0.05 | -0.01 | 0.29 |
| Free Cash Flow | -0.48 | -132 | -0.79 | -0.41 | 0.17 | -0.11 | -0.12 | -0.04 | -0.06 | 0.03 |
| CFO/OP | 1600 | 440000 | 988 | — | -850 | — | 200 | 67 | 150 | -27 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | 49.03 | 73 | 91.25 | 243.33 | — | — | 219 |
| Inventory Days | — | — | — | 88515.49 | 225083.33 | 359914.33 | 599492.22 | — | — | 336849.38 |
| Days Payable | — | — | — | 137.62 | 623.54 | 413.67 | 40.56 | — | — | 114.06 |
| Cash Conversion Cycle | — | — | — | 88426.9 | 224532.79 | 359591.92 | 599695 | — | — | 336954.31 |
| Working Capital Days | — | — | — | 80539.7 | 179653 | 224733.54 | 599492.22 | — | — | 538995.5 |
| ROCE % | — | -0.05 | -0.06 | 0 | -0.01 | 0 | -0.04 | -0.04 | -0.03 | -0.08 |

## Shareholding Pattern

### annual

| Category | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.12% | 53.12% | 53.12% | 53.12% | 53.11% | 53.11% | 53.11% | 53.11% |
| Public | 46.88% | 46.88% | 46.88% | 46.88% | 46.89% | 46.89% | 46.89% | 46.89% |
| No. of Shareholders | 68 | 68 | 69 | 70 | 70 | 70 | 70 | 70 |

### Quarterly

| Category | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.12% | 53.12% | 53.12% | 53.12% | 53.11% | 53.11% | 53.11% | 53.11% | 53.11% | 53.11% | 53.11% | 53.11% |
| Public | 46.88% | 46.88% | 46.88% | 46.88% | 46.89% | 46.89% | 46.89% | 46.89% | 46.89% | 46.89% | 46.89% | 46.89% |
| No. of Shareholders | 68 | 69 | 70 | 70 | 70 | 70 | 69 | 70 | 70 | 70 | 70 | 70 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 8.48 | Sell |
| EMA (10) | 7.31 | Sell |
| SMA (20) | 8.97 | Sell |
| EMA (20) | 9.21 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 17.14 | Buy |
| MACD (12,26,9) | -2.28 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 61.88 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 1.05 | High Volatility |
| ROC (12) | -56.08 | Sell |
| Stoch RSI (14) | 8.01 | Buy |
| UO (7,14,28) | 17.41 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3cd3a83-c40d-4b39-83c5-bd7543ac8ce2.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=478ba2b2-9ddc-4b26-acec-c17fa1cb45bc.pdf) |
| 2026-09-07 | [AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34815484-0d74-4680-b448-d491cebead91.pdf) |
| 2026-09-07 | [Fixes Book Closure For The AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c821eda2-c8ce-428d-b727-338dc2da37f7.pdf) |
| 2026-09-07 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70595544-bc1a-43bb-b548-ff274765f5c2.pdf) |
| 2026-07-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af58a79f-8c43-4722-9c9f-0a6993f02426.pdf) |
| 2026-05-27 | [Board Meeting Outcome for Board Meeting Outcome For The Board Has Decided To Approve Standalone Annual Audited Financial Results For The Financial Year 2025-2026 Along With Auditors Report Thereon](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7e59df4-ae5f-429a-9426-31cb9454604b.pdf) |
| 2026-05-27 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e8d8395-d061-423e-8b7b-a1d4d5cae55a.pdf) |
| 2026-05-15 | [Board Meeting Intimation for Board Meeting Intimation For :-To Approve Audited Standalone Financials Results Of The Company For The Half And Financial Year Ended 31St March2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3dadb0e-96d6-4ece-8342-e67fd6aef09a.pdf) |
| 2026-05-15 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=479765dd-27a8-4087-8321-7b3efaca8a7c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jan - Certficate under Reg 74(5) of SEBI (Depository Participant) Regulations,2018 for the quarter ended 31st December,2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jan - Certficate under Reg 74(5) of SEBI (Depository Participant) Regulations,2018 for the quarter ended 31st December,2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b432fb4d-24e0-4cd7-9e7d-0cb2dbffe356.pdf) |
| 8 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no physical shares received for dematerialization. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no physical shares received for dematerialization.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/671354dc-f0ee-40a2-acc5-0786a7bd4ce0.pdf) |
| 8 Apr - Promoters confirmed zero pledged or encumbered shares as of March 31, 2026. | [Declaration Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares Andtakeovers) Regulation, 2011. 8 Apr - Promoters confirmed zero pledged or encumbered shares as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ed51887-b1c6-4884-927f-1c06b35dca00.pdf) |
| 6 Nov 2025 - Board meeting on 14 Nov 2025 to approve unaudited Q2/H1 results (30 Sep 2025); trading window reopens 16 Nov. | [Board Meeting Intimation for Notice Of Board Meeting- Regulation-29 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 6 Nov 2025 - Board meeting on 14 Nov 2025 to approve unaudited Q2/H1 results (30 Sep 2025); trading window reopens 16 Nov.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07e489d3-d359-4185-a5d4-dcd552718e5d.pdf) |
| 23 February 2026 - CoC approved RP replacement, EOI/Form G, RFRP, and 90-day CIRP extension; meetings Oct 1–Jan 31, 2026. | [Corporate Insolvency Resolution Process 23 February 2026 - CoC approved RP replacement, EOI/Form G, RFRP, and 90-day CIRP extension; meetings Oct 1–Jan 31, 2026.](https://nsearchives.nseindia.com/corporate/MARSHALL_23022026160710_NSE_letter3.pdf) |
| 21 January 2026 - NCLT appointed Mavent Restructuring LLP as RP on 27.10.2025; EOI by 06-12-2025; resolution plans due 04-02-2026. | [Corporate Insolvency Resolution Process 21 January 2026 - NCLT appointed Mavent Restructuring LLP as RP on 27.10.2025; EOI by 06-12-2025; resolution plans due 04-02-2026.](https://nsearchives.nseindia.com/corporate/MARSHALL_21012026173902_Reg30_Intimation_to_SEs.pdf) |
| 18 Dec 2025 - Revised unaudited H1 FY2025-26 results filed (30 Sep 2025), adding trade payables bifurcation; auditor unmodified. | [Announcement under Regulation 30 (LODR)-Meeting Updates 18 Dec 2025 - Revised unaudited H1 FY2025-26 results filed (30 Sep 2025), adding trade payables bifurcation; auditor unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9b1ba49-02a3-4fb4-8e76-d5600e0175db.pdf) |
| 14 Nov 2025 - H1 results: loss Rs7.61 lakh; FSI inventory Rs14,765.90 lakh; IT lien Rs9.9658 crore. | [Board Meeting Outcome for Board Meeting Outcome For Board Meeting Outcome For The Board Has Decided To Approve Standalone Quarterly And Half Yearly Results Ended 30Th September,2025 Unaudited Financial Results For The Financial Year 2025-2026 Along With Auditors Report Thereon 14 Nov 2025 - H1 results: loss Rs7.61 lakh; FSI inventory Rs14,765.90 lakh; IT lien Rs9.9658 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45d57a33-2da1-43fc-b283-6dd45a581e1b.pdf) |
| 14 Nov 2025 - H1 FY2025-26 unaudited results; FSI inventory Rs14,765.90 lakh; IT lien Rs9,96,58,051. | [Announcement under Regulation 30 (LODR)-Meeting Updates 14 Nov 2025 - H1 FY2025-26 unaudited results; FSI inventory Rs14,765.90 lakh; IT lien Rs9,96,58,051.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0693cdec-fd06-43c1-8b73-68aa4361c0fc.pdf) |
| 11 September 2025 - NCLT ordered CIRP for Marshall Machines Limited on 29 Aug 2025; claims due 15 Sep 2025. | [Corporate Insolvency Resolution Process 11 September 2025 - NCLT ordered CIRP for Marshall Machines Limited on 29 Aug 2025; claims due 15 Sep 2025.](https://nsearchives.nseindia.com/corporate/MARSHALL_11092025183802_PA_MERGE.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24904_MARSHALL_2023_2024_10082024175534.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23259_MARSHALL_2022_2023_02092023132931_09022023140003.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21278_MARSHALL_2021_2022_03092022221911.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19023_MARSHALL_2020_2021_30082021153008_08302021160015.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17864_MARSHALL_2019_2020_30112020113252_01122020170130.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16218_MARSHALL_2018_2019_18032020111044_18032020120003.zip) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/542002/72816542002_10_12_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/542002/67867542002_12_12_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/542002/5420020319.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2021 | [Concall - Nov 2021](https://archives.nseindia.com/corporate/MARSHALL_15112021184057_H1FY22_Marshall_Investor_Presentation_v2.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://archives.nseindia.com/corporate/MARSHALL_15062023121116_Concall_Marshall_Machines_13062023.pdf) |
| Jul 2022 | [Concall - Jul 2022](https://archives.nseindia.com/corporate/MARSHALL_06072022190151_Q4FY22MarshallInvestorPresentation.pdf) |
| Jul 2021 | [Concall - Jul 2021](https://archives.nseindia.com/corporate/MARSHALL_10072021092613_Marshall_Investor_Presentation_July2021.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://archives.nseindia.com/corporate/MARSHALL_16022022091857_Q3FY22_Marshall_Investor_Presentation.pdf) |
| Aug 2022 | [Concall - Aug 2022](https://archives.nseindia.com/corporate/MARSHALL_15082022173039_Q1FY23MarshallInvestorPresentation_.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:44:52.266Z.