Dev Accelerator Ltd
Dev Accelerator Ltd (DEVX) last reported results for the quarter ended Jun 2026, with sales of ₹53.77 crore and net profit of ₹1.5 crore. The stock last traded at ₹39.7, a market capitalisation of ₹376 crore, on a P/E of 32.6. Over the past 52 weeks the stock has ranged between ₹30 and ₹54. Figures are as of 6 Oct 2026 and are not real time.
Dev Accelerator Ltd share price and key metrics
- Current price
- ₹39.7
- Market cap
- ₹376 cr
- Stock P/E
- 32.6
- Book value
- ₹20.2
- ROE
- 6.60%
- ROCE
- 11.9%
- Dividend yield
- 0.00%
- 52w high / low
- 54.0/30.0
Metrics as of 6 Oct 2026. Not real time.
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Dev Accelerator Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 48%
- TTM
- 9%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 38%
- TTM
- 26%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- -26%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 6%
- Last Year
- 7%
Dev Accelerator Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹53.77 cr, down 3.3% from ₹55.63 cr a year earlier. Net profit was ₹1.5 cr, up 971.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 34.47 | 49.75 | 65.4 | 55.63 | 51.84 | 59.2 | 59.26 | 53.77 |
| Expenses | 16.34 | 25.67 | 34.09 | 29.24 | 25.42 | 35.29 | 26.78 | 23.49 |
| Operating profit | 18.13 | 24.08 | 31.31 | 26.39 | 26.42 | 23.91 | 32.48 | 30.28 |
| OPM % | 52.60% | 48.40% | 47.87% | 47.44% | 50.96% | 40.39% | 54.81% | 56.31% |
| Other income | 14.33 | 2.26 | 2.94 | 1.32 | 2.71 | 2.85 | 2.94 | 2.97 |
| Interest | 11.38 | 12.21 | 15.18 | 12.26 | 12.64 | 9.25 | 10.28 | 14 |
| Depreciation | 14.44 | 13.32 | 16.54 | 14.51 | 14.8 | 14.94 | 14.64 | 17.68 |
| Profit before tax | 6.64 | 0.81 | 2.53 | 0.94 | 1.69 | 2.57 | 10.5 | 1.57 |
| Tax % | 6.02% | 13.58% | 16.60% | 85.11% | -3.55% | 139.30% | 24.10% | 4.46% |
| Net profit | 6.24 | 0.69 | 2.12 | 0.14 | 1.76 | -1.01 | 7.96 | 1.5 |
| EPS (₹) | 0.93 | 0.10 | 0.31 | 0.02 | 0.20 | -0.11 | 0.88 | 0.16 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Dev Accelerator Ltd annual results
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 31 | 70 | 108 | 159 | 226 | 224 |
| Operating profit | 14 | 30 | 65 | 80 | 109 | 113 |
| OPM % | 45% | 43% | 60% | 51% | 48% | 50% |
| Net profit | -8 | -13 | 0 | 2 | 9 | 10 |
| EPS (₹) | -6,953.70 | -10,516.39 | 316.18 | 0.26 | 0.98 | 1.13 |
TTM is the trailing twelve months to the most recent quarter.
Dev Accelerator Ltd balance sheet
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
As reported by the company. Total assets equal total liabilities by construction.
Dev Accelerator Ltd cash flow
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | 14 | 26 | 8 | 94 | 90 |
| Cash from investing | -7 | -24 | -41 | -66 | -121 |
| Cash from financing | -6 | -4 | 33 | -25 | 49 |
| Net cash flow | 1 | -1 | 0 | 3 | 18 |
| Free cash flow | 7 | 2 | -26 | 82 | -8 |
| CFO / operating profit | 107% | 93% | 16% | 130% | 83% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Dev Accelerator Ltd operating ratios
| Per year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROCE % | — | 1% | 8% | 12% | 12% |
| Debtor days | 23 | 19 | 40 | 97 | 44 |
| Cash conversion cycle | 23 | 19 | 40 | 97 | 44 |
| Working capital days | -213 | -265 | -146 | -102 | -23 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Dev Accelerator Ltd shareholding pattern
Promoters held 35.08% at Jun 2026, down from 36.81% at Sep 2025. FIIs 1.36% and DIIs 3.92%.
| % held | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Promoters | 36.81% | 36.81% | 36.81% | 35.08% |
| FIIs | 3.37% | 2.34% | 1.43% | 1.36% |
| DIIs | 6.96% | 5.56% | 4.94% | 3.92% |
| Public | 52.85% | 55.28% | 56.82% | 59.62% |
| No. of shareholders | 25,216 | 21,909 | 19,891 | 19,078 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Dev Accelerator Ltd corporate filings
- Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Dev Accelerator Ltd amends Memorandum and Articles of AssociationCompany Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has announced an alteration to the Object Clause of its Memorandum of…
Read the full analysis - Dev Accelerator Limited concludes 6th AGM with approval of all resolutions including ESOP scheme modificationsAGM/EGMlow impact
Cruxal's analysis: Dev Accelerator Limited has successfully concluded its 6th Annual General Meeting held on…
Read the full analysis - Dev Accelerator Limited Concludes 6th AGM; Shareholders Approve Alteration of Object Clause and ESOP ModificationsAGM/EGMlow impact
Cruxal's analysis: Dev Accelerator Limited has successfully concluded its 6th Annual General Meeting, where…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Dev Accelerator Ltd schedules analyst/investor meeting for September 30, 2026Company Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has formally intimated the stock exchange regarding an…
Read the full analysis - Dev Accelerator Limited Promoters Create Encumbrance on 1.86 Crore Shares for INR 100 Crore Debt IssuanceInsider Trading / SASThigh impact
Cruxal's analysis: Dev Accelerator Limited has disclosed that its promoters have created an encumbrance over…
Read the full analysis - Dev Accelerator Ltd schedules analyst/investor meeting for September 10, 2026Company Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has issued an intimation regarding an analyst/investor meeting…
Read the full analysis - Dev Accelerator Ltd schedules Annual General Meeting for September 25, 2026Company Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has published a newspaper notice regarding its upcoming Annual…
Read the full analysis - Dev Accelerator Ltd files routine intimation under SEBI Listing Regulations 36(1)(b) and 58(1)(b)Company Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has submitted a routine regulatory filing under Regulations 36(1)(b)…
Read the full analysis - Dev Accelerator Ltd announces 6th Annual General Meeting and FY 2025-26 Integrated Annual ReportOtherslow impact
Cruxal's analysis: Dev Accelerator Ltd has released its Integrated Annual Report for the financial year…
Read the full analysis - Dev Accelerator Limited Announces 6th Annual General Meeting and Releases Integrated Annual Report for FY 2025-26AGM/EGMhigh impact
Cruxal's analysis: Dev Accelerator Limited has scheduled its 6th Annual General Meeting for September 25…
Read the full analysis - Dev Accelerator Ltd schedules Annual General Meeting for September 25, 2026Company Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has issued a newspaper publication regarding the pre-dispatch notice…
Read the full analysis - Dev Accelerator Limited Q1 FY27 Earnings Call Highlights: Revenue Growth, Capacity Expansion, and Strategic Debt ManagementCompany Updatehigh impact
Cruxal's analysis: Dev Accelerator Limited reported Q1 FY27 consolidated revenue of INR 53.8 crore, with…
Read the full analysis - Dev Accelerator Limited Discloses Audio Recording of Q1 FY2027 Earnings Conference CallCompany Updatelow impact
Cruxal's analysis: Dev Accelerator Limited has formally filed the audio recording of its earnings conference…
Read the full analysis - Dev Accelerator Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Dev Accelerator Ltd has submitted a press release under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Dev Accelerator Limited Reports Q1 FY27 Financial Results with 14.7% YoY EBITDA Growth and Strategic Expansion PlansCompany Updatehigh impact
Cruxal's analysis: Dev Accelerator Limited reported Q1 FY27 revenue from operations of 53.8 crore, a 3.3%…
Read the full analysis - Dev Accelerator Limited Reports Unaudited Financial Results for Quarter Ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Dev Accelerator Limited has published its unaudited financial results for the quarter…
Read the full analysis - Dev Accelerator Limited confirms utilization of INR 23.75 crore from preferential issue proceeds for security depositCompany Updatelow impact
Cruxal's analysis: Dev Accelerator Limited has released its Monitoring Agency Report for the quarter ended…
Read the full analysis - Dev Accelerator Ltd: Monitoring Agency Report on IPO Proceeds Utilization for Q1 FY2027Company Updatelow impact
Cruxal's analysis: The company has filed its Monitoring Agency Report regarding the utilization of funds…
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