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Dev Information Technology

NSEI:DEVIT
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DEVIT
NSEI
₹500M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Dev Information Technology Limited provides information technology services in India. The last earnings update was 234 days ago. More info.


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DEVIT Share Price and Events
7 Day Returns
-3.7%
NSEI:DEVIT
2.6%
IN IT
0.8%
IN Market
1 Year Returns
18.2%
NSEI:DEVIT
19.3%
IN IT
-0.7%
IN Market
DEVIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dev Information Technology (DEVIT) -3.7% -2.2% 27.3% 18.2% - -
IN IT 2.6% 4.3% 8.9% 19.3% 49% 80.2%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • DEVIT underperformed the IT industry which returned 19.3% over the past year.
  • DEVIT outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

DEVIT Value

 Is Dev Information Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Dev Information Technology. This is due to cash flow or dividend data being unavailable. The share price is ₹90.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dev Information Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dev Information Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:DEVIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹7.24
NSEI:DEVIT Share Price ** NSEI (2019-04-16) in INR ₹90.5
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dev Information Technology.

NSEI:DEVIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:DEVIT Share Price ÷ EPS (both in INR)

= 90.5 ÷ 7.24

12.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dev Information Technology is good value based on earnings compared to the IN IT industry average.
  • Dev Information Technology is good value based on earnings compared to the India market.
Price based on expected Growth
Does Dev Information Technology's expected growth come at a high price?
Raw Data
NSEI:DEVIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.2%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dev Information Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dev Information Technology's assets?
Raw Data
NSEI:DEVIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹47.01
NSEI:DEVIT Share Price * NSEI (2019-04-16) in INR ₹90.5
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:DEVIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:DEVIT Share Price ÷ Book Value per Share (both in INR)

= 90.5 ÷ 47.01

1.93x

* Primary Listing of Dev Information Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dev Information Technology is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Dev Information Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Dev Information Technology has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DEVIT Future Performance

 How is Dev Information Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Dev Information Technology, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dev Information Technology expected to grow at an attractive rate?
  • Dev Information Technology's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Dev Information Technology's earnings growth is positive but not above the India market average.
  • Unable to compare Dev Information Technology's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:DEVIT Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:DEVIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.2%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:DEVIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:DEVIT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 696 -28 40
2017-03-31 639 59 30
2016-03-31 473 17 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dev Information Technology's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Dev Information Technology is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:DEVIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dev Information Technology Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:DEVIT Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 7.24
2017-03-31 7.50
2016-03-31 5.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dev Information Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dev Information Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dev Information Technology has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DEVIT Past Performance

  How has Dev Information Technology performed over the past 5 years?

  • Dev Information Technology's last earnings update was 234 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dev Information Technology's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Dev Information Technology's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Dev Information Technology's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Dev Information Technology's earnings growth has exceeded the IN IT industry average in the past year (32.7% vs 24.5%).
Earnings and Revenue History
Dev Information Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dev Information Technology Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:DEVIT Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 695.87 39.63
2017-03-31 639.23 29.86
2016-03-31 473.07 20.59
2015-03-31 443.34 12.68
2014-03-31 564.50 11.00
2013-03-31 424.77 5.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dev Information Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dev Information Technology used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Dev Information Technology has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dev Information Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dev Information Technology has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DEVIT Health

 How is Dev Information Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dev Information Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dev Information Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dev Information Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dev Information Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dev Information Technology Company Filings, last reported 1 year ago.

NSEI:DEVIT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 261.49 92.93 73.21
2017-03-31 162.39 78.55 51.46
2016-03-31 109.17 75.99 35.65
2015-03-31 90.00 77.54 33.52
2014-03-31 78.78 63.86 33.04
2013-03-31 68.62 54.04 10.94
  • Dev Information Technology's level of debt (35.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (78.8% vs 35.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 7.5x coverage).
X
Financial health checks
We assess Dev Information Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dev Information Technology has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DEVIT Dividends

 What is Dev Information Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.55%
Current annual income from Dev Information Technology dividends.
If you bought ₹2,000 of Dev Information Technology shares you are expected to receive ₹11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dev Information Technology's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Dev Information Technology's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:DEVIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:DEVIT Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-29 0.500 0.662
2018-07-02 0.500 0.662
2017-10-11 0.500 0.673

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Dev Information Technology has been paying a dividend for less than 10 years.
  • Dev Information Technology has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Dev Information Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (14.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dev Information Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dev Information Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dev Information Technology has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DEVIT Management

 What is the CEO of Dev Information Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jaiminbhai Shah
COMPENSATION ₹0
TENURE AS CEO 2.2 years
CEO Bio

Mr. Jaimin Jagdishbhai Shah is the Founder of Dev Information Technology Pvt. Ltd., and has been its Managing Director since February 21, 2017. Mr. Shah has more than 17 years of experience in IT industry and responsible for driving the aggressive growth and building strategies. He served as the President of GESIA. Mr. Shah serves as a Director of Dev Information Technology Pvt. Ltd. He is a Member of State Counciel for NASSCOM, The Institutions of Engineers (India). Mr. Shah was awarded Alumni of the Year by Dharamsinh Desai University (DDU). He holds a BE in Computers.

CEO Compensation
  • Insufficient data for Jaiminbhai to compare compensation growth.
  • Jaiminbhai's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Dev Information Technology management team in years:

2.2
Average Tenure
  • The tenure for the Dev Information Technology management team is about average.
Management Team

Pranav Pandya

TITLE
Founder & Chairman

Jaiminbhai Shah

TITLE
Founder
TENURE
2.2 yrs

Harshil Shah

TITLE
Chief Financial Officer
COMPENSATION
₹600K
TENURE
2.2 yrs

Vishal Vasu

TITLE
CTO & Whole Time Director
AGE
46
TENURE
2.2 yrs

Krisa Patel

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹216K
TENURE
2.1 yrs

Prerak Shah

TITLE
Director of Enterprise Software Solutions & Whole Time Director
AGE
45

Alpna Sharma

TITLE
HR Manager

Kaushal Vyas

TITLE
Head of Business Development - Licensing
Board of Directors Tenure

Average tenure and age of the Dev Information Technology board of directors in years:

2.1
Average Tenure
45.5
Average Age
  • The average tenure for the Dev Information Technology board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pranav Pandya

TITLE
Founder & Chairman
TENURE
2.2 yrs

Jaiminbhai Shah

TITLE
Founder

Vishal Vasu

TITLE
CTO & Whole Time Director
AGE
46
TENURE
4.8 yrs

Prerak Shah

TITLE
Director of Enterprise Software Solutions & Whole Time Director
AGE
45
TENURE
4.8 yrs

Venkata Rama Subba Velamuri

TITLE
Independent Non-Executive Director
TENURE
2.1 yrs

Hiren Patel

TITLE
Independent Non Executive Director
AGE
44
TENURE
2.1 yrs

Anand Patel

TITLE
Independent Non Executive Director
AGE
46
TENURE
2.1 yrs

Rama Moondra

TITLE
Independent Non Executive Director
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Dev Information Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dev Information Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DEVIT News

Simply Wall St News

Is Dev Information Technology Limited's (NSE:DEVIT) Balance Sheet Strong Enough To Weather A Storm?

Dev Information Technology Limited (NSE:DEVIT) is a small-cap stock with a market capitalization of ₹468m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.

Simply Wall St -

Do You Like Dev Information Technology Limited (NSE:DEVIT) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Dev Information Technology Limited's (NSE:DEVIT) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Percentage Of Dev Information Technology Limited (NSE:DEVIT) Shares Do Insiders Own?

If you want to know who really controls Dev Information Technology Limited (NSE:DEVIT), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Dev Information Technology is a smaller company with a market capitalization of ₹393m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Dev Information Technology Limited (NSE:DEVIT) Earns Among The Best Returns In Its Industry

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Dev Information Technology Limited (NSE:DEVIT) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Dev Information Technology Limited (NSE:DEVIT), with a market cap of ₹403m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Is Dev Information Technology Limited's (NSE:DEVIT) 15% Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Dev Information Technology has a ROE of 15%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Insiders Own Shares In Dev Information Technology Limited (NSE:DEVIT)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Dev Information Technology is not a large company by global standards. … Check out our latest analysis for Dev Information Technology

Simply Wall St -

What Should You Know About Dev Information Technology Limited's (NSE:DEVIT) Capital Returns?

and want a simplistic look at the return on Dev Information Technology Limited (NSE:DEVIT) stock. … Owing to this, it is important that the underlying business is producing a sufficient amount of income from the capital invested by stockholders … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock.

Simply Wall St -

Dev Information Technology Limited (NSE:DEVIT): Time For A Financial Health Check

At this constant level of debt, the current cash and short-term investment levels stands at ₹51.46M , ready to deploy into the business. … On top of this, DEVIT has generated cash from operations of ₹85.58M in the last twelve months, leading to an operating cash to total debt ratio of 108.96%, indicating that DEVIT’s debt is appropriately covered by operating cash. … In DEVIT's, case, the ratio of 4.99x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as DEVIT’s high interest coverage is seen as responsible and safe practice.Next Steps: DEVIT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Dev Information Technology Limited's (NSE:DEVIT) Earnings Grew 45.00% In A Year. Was It Better Than Its Long-Term Trend?

Check out our latest analysis for Dev Information Technology Did DEVIT beat its long-term earnings growth trend and its industry? … For Dev Information Technology, its latest earnings (trailing twelve month) is IN₨29.86M, which, in comparison to last year’s level, has climbed up by 45.00%. … Since these figures may be relatively short-term thinking, I’ve created an annualized five-year figure for Dev Information Technology's earnings, which stands at IN₨15.99M This means on average, Dev Information Technology has been able to gradually grow its earnings over the past couple of years as well.

Simply Wall St -

DEVIT Company Info

Description

Dev Information Technology Limited provides information technology services in India. The company offers enterprise resource planning and customer relationship management applications, and application development solutions; and enterprise mobility services, such as mobile application development and mobile device management services. It also provides infrastructure management services, including incident management, problem management, helpdesk services, server management, database administration, network and firewall services, and consulting and managed services; planning, licensing, and implementation services for office 365 solutions; and cybersecurity services. In addition, the company offers cloud computing services, including cloud advisory, cloud management, cloud migration, managed backups, disaster recovery, and unified communication solutions; and digital commerce, digital marketing, and document digitization services. Further, it licenses software products; and provides digital signatures and SSL certificates. The company was incorporated in 1997 and is headquartered in Ahmedabad, India.

Details
Name: Dev Information Technology Limited
DEVIT
Exchange: NSEI
Founded: 1997
₹499,605,250
5,520,500
Website: http://www.devitpl.com
Address: Dev Information Technology Limited
14, Aaryans Corporate Park,
Near Shilaj Railway Crossing,
Ahmedabad,
Gujarat, 380059,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI DEVIT Equity Shares National Stock Exchange of India IN INR 11. Oct 2017
Number of employees
Current staff
Staff numbers
0
Dev Information Technology employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:57
End of day share price update: 2019/04/16 00:00
Last earnings filing: 2018/08/29
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.