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Dev Accelerator

DEVX NSE
₹45.03 +0.21 (+0.47%)
P/E
39.85
View as Markdown
MCP
Close 4 Nov 2026 ₹45.03 +0.97 +2.20% 1Y
Start ₹44.06

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
11.90%
Debt to Equity
2.05
EPS (TTM)
₹1.13
Book Value
₹21.35
Market Cap
—
P/E (TTM)
39.85
P/B
2.11
ROE
6.60%
Dividend Yield
0.00%
EBITDA
₹119 Cr
52W High
₹50.28
52W Low
₹29.95
Day Range
₹43.70 – ₹45.50
Volume
3,28,839

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

Dev Accelerator peer comparison
International Gemological Institute
₹402.0028.49₹17,550 Cr9.920.63%55.80%69.20%₹1,363 Cr₹611 Cr
WeWork India Management
₹680.50111.74₹9,206 Cr27.760.00%27.90%12.60%₹2,578 Cr₹82 Cr
Nesco
₹1,040.4017.60₹7,372 Cr2.330.68%14.80%18.50%₹951 Cr₹417 Cr
Indiabulls
₹31.2816.82₹7,118 Cr2.050.00%23.10%16.20%₹1,101 Cr₹488 Cr
Nirlon
₹633.5015.99₹5,724 Cr12.184.72%83.80%30.80%₹674 Cr₹357 Cr
Leap India
₹116.4522.39₹5,030 Cr3.400.00%9.82%9.21%₹821 Cr₹75 Cr
Dev Accelerator (this company)
₹45.0339.85₹418 Cr2.110.00%6.60%11.90%₹224 Cr₹10 Cr
Median 7 companies₹402.0022.39₹7,118 Cr3.400.00%23.10%16.20%₹951 Cr₹357 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 98/100

surveillance:ASM1

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
36
Poor
Cheap vs sector & own history 24% weight
Growth
52
Average
Sales & profit trajectory 9% weight
Financial Health
22
Poor
Solvency, leverage, coverage 9% weight
Momentum
84
Strong
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Debtor days have improved from 60.4 to 44.1 days.

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 35.1%
  • Company has a low return on equity of 5.98% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2413
OscillatorsBullish243
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
66.60
Neutral
MACD (12,26,9)
1.69
Bullish
SMA (50)
37.43
Bullish
SMA (200)
37.56
Bullish

As of

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+47.80%
1Y+42.14%
TTM+9.17%

Net profit

Net profit growth by window
3YTurned to profit
1Y+350.00%
TTM+11.10%

Operating cash flow

Operating cash flow growth by window
3Y+51.27%
1Y−4.26%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y+5.37 pp
1Y−2.08 pp
TTM+1.79 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2022₹31.00 Cr
Mar 2023₹70.00 Cr
Mar 2024₹108 Cr
Mar 2025₹159 Cr
Mar 2026₹226 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2022−₹8.00 Cr
Mar 2023−₹13.00 Cr
Mar 2024₹0.00 Cr
Mar 2025₹2.00 Cr
Mar 2026₹9.00 Cr

Quarterly Results

₹ Cr
DEVX quarterly results, ₹ crore
Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
24.91
34.47
49.75
65.4
55.63
51.84
59.2
59.26
53.77
80.23
Expenses
10.9
16.34
25.67
34.09
29.24
25.42
35.29
26.78
23.49
—
Operating Profit
14.01
18.13
24.08
31.31
26.39
26.42
23.91
32.48
30.28
—
OPM %
56.24%
52.6%
48.4%
47.87%
47.44%
50.96%
40.39%
54.81%
56.31%
—
Other Income
0.22
14.33
2.26
2.94
1.31
2.71
2.85
2.94
2.96
—
Interest
8.76
11.38
12.21
15.18
12.26
12.64
9.25
10.28
14
16.3
Depreciation
11.13
14.44
13.32
16.54
14.51
14.8
14.94
14.64
17.68
20.39
PBT
−5.66
6.64
0.81
2.53
0.94
1.69
2.57
10.5
1.56
6.32
Tax %
5.48%
6.02%
13.58%
16.6%
85.11%
−3.55%
139.3%
24.1%
4.46%
13.13%
Net Profit
−5.97
6.24
0.69
2.12
0.14
1.76
−1.01
7.96
1.5
5.5
EPS (₹)
−0.96
0.93
0.1
0.31
0.02
0.2
−0.11
0.88
0.16
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
DEVX profit and loss, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
31
70
108
159
226
224
Expenses
17
40
43
78
117
111
Operating Profit
14
30
65
80
109
113
OPM %
45%
43%
60%
51%
48%
50%
Other Income
0
2
3
19
10
11
Interest
7
17
31
45
44
46
Depreciation
15
30
45
52
59
62
PBT
−8
−16
−9
3
16
16
Tax %
−9%
−20%
−105%
34%
44%
—
Net Profit
−8
−13
0
2
9
10
EPS (₹)
−1.55
−2.33
0.07
0.26
0.98
1.13
Div. Payout %
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
DEVX balance sheet, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.01
0.01
0.01
13
18
Reserves
−6
−2
25
38
164
Borrowings
89
239
328
389
374
Other Liabilities
18
46
57
100
88
Total Liabilities
101
282
411
540
644
Fixed Assets
79
228
269
293
261
CWIP
0
0
0
0
70
Investments
1
1
9
53
39
Other Assets
21
54
133
193
274
Total Assets
101
282
411
540
644

Cash Flow

₹ Cr
DEVX cash flow, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
14
26
8
94
90
Investing
−7
−24
−41
−66
−121
Financing
−6
−4
33
−25
49
Net Cash Flow
1
−1
0
3
18
Free Cash Flow
7
2
−26
82
−8
CFO/EBITDA
107
93
16
130
83

Ratios

DEVX financial ratios, annual
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
23
19
40
97
44
Cash Conversion Cycle
23
19
40
97
44
Working Capital Days
−213
−265
−146
−102
−23
ROCE %
—
1%
8%
12%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Dev Accelerator insights

58 extracted metrics across FY22–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 35.09%
  • Others 32.95%
  • Public 28.45%
  • DIIs 2.05%
  • FIIs 1.46%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Dev Accelerator

What does Dev Accelerator Ltd do?
Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments
Where is Dev Accelerator Ltd (DEVX) listed?
Dev Accelerator Ltd trades as DEVX on the NSE and under code 544513 on the BSE.
Which sector does Dev Accelerator Ltd belong to?
Dev Accelerator Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the PE ratio of Dev Accelerator Ltd?
Dev Accelerator Ltd trades at a PE ratio of 39.85 as of 4 Nov 2026, on earnings per share of ₹1.13, against a book value of ₹21.35 per share.
What is the 52-week high and low of Dev Accelerator Ltd?
Over the last 52 weeks Dev Accelerator Ltd has traded between ₹29.95 and ₹50.28 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Dev Accelerator Ltd?
Dev Accelerator Ltd reported a return on equity of 6.60%. Its debt-to-equity ratio is 2.05.

Company Information

Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments

Website devx.work
CEO Mr. Parth Naimeshbhai Shah
Employees 166
Listed 17 Sep 2025
Face Value ₹2

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