Dev Information Technology Limited provides information technology enabled services in India. More Details
+ 1 more risk
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Dev Information Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine DEVIT's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine DEVIT's volatility change over the past year.
7 Day Return
1 Year Return
Return vs Industry: DEVIT underperformed the Indian IT industry which returned 80.8% over the past year.
Return vs Market: DEVIT underperformed the Indian Market which returned 65% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Dev Information Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StHas Dev Information Technology Limited's (NSE:DEVIT) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
6 months ago | Simply Wall StDev Information Technology Limited's (NSE:DEVIT) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
8 months ago | Simply Wall StDoes Dev Information Technology Limited (NSE:DEVIT) Have A Place In Your Dividend Portfolio?
Is Dev Information Technology undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DEVIT (₹91.85) is trading below our estimate of fair value (₹258.02)
Significantly Below Fair Value: DEVIT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DEVIT's PE Ratio (24.2x) is in line with the Indian IT industry average.
PE vs Market: DEVIT is poor value based on its PE Ratio (24.2x) compared to the Indian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DEVIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DEVIT is overvalued based on its PB Ratio (1.5x) compared to the IN IT industry average (1.1x).
How is Dev Information Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dev Information Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Dev Information Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DEVIT has a large one-off loss of ₹18.3M impacting its September 30 2020 financial results.
Growing Profit Margin: DEVIT's current net profit margins (2.6%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: DEVIT's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: DEVIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DEVIT had negative earnings growth (-58.8%) over the past year, making it difficult to compare to the IT industry average (0.3%).
Return on Equity
High ROE: DEVIT's Return on Equity (6.8%) is considered low.
How is Dev Information Technology's financial position?
Financial Position Analysis
Short Term Liabilities: DEVIT's short term assets (₹425.3M) exceed its short term liabilities (₹202.5M).
Long Term Liabilities: DEVIT's short term assets (₹425.3M) exceed its long term liabilities (₹28.4M).
Debt to Equity History and Analysis
Debt Level: DEVIT's debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: DEVIT's debt to equity ratio has reduced from 77% to 27.1% over the past 5 years.
Debt Coverage: DEVIT's debt is well covered by operating cash flow (91.2%).
Interest Coverage: DEVIT's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is Dev Information Technology current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DEVIT's dividend (0.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.4%).
High Dividend: DEVIT's dividend (0.54%) is low compared to the top 25% of dividend payers in the Indian market (1.67%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DEVIT has been paying a dividend for less than 10 years.
Growing Dividend: DEVIT has only been paying a dividend for 3 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.2%), DEVIT's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jaiminbhai Jagdishbhai Shah, also known as Jaimin, is the Founder of Dev Information Technology Pvt. Ltd., and has been its Managing Director since February 21, 2017. Mr. Shah has extensive experience ...
CEO Compensation Analysis
Compensation vs Market: Jaimin's total compensation ($USD39.14K) is about average for companies of similar size in the Indian market ($USD40.87K).
Compensation vs Earnings: Jaimin's compensation has been consistent with company performance over the past year.
Experienced Management: DEVIT's management team is considered experienced (4.3 years average tenure).
Experienced Board: DEVIT's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dev Information Technology Limited's company bio, employee growth, exchange listings and data sources
- Name: Dev Information Technology Limited
- Ticker: DEVIT
- Exchange: NSEI
- Founded: 1997
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: ₹507.058m
- Shares outstanding: 5.52m
- Website: https://www.devitpl.com
Number of Employees
- Dev Information Technology Limited
- 14, Aaryans Corporate Park
- Near Shilaj Railway Crossing
Dev Information Technology Limited provides information technology enabled services in India. The company offers enterprise resource planning and customer relationship management applications, and applicat...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/13 12:03|
|End of Day Share Price||2021/05/12 00:00|
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.