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Dev Accelerator

DEVX NSE
₹40.05 2.12 (5.03%)
Market Cap
₹379 Cr
P/E
35.44

Dev Accelerator (DEVX) share price was ₹40.05 at the 28 Oct 2026 close; market capitalisation ₹379 Cr; P/E (TTM) 35.44; sector Commercial Services. The share price fell 6.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 3.3% year on year to ₹53.77 Cr and net profit was ₹1.50 Cr, against ₹0.14 Cr a year earlier (compared with Jun 2025). Promoters held 35.09% of Dev Accelerator in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 46/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹40.05 −2.87 −6.69% 1Y

Key Fundamentals

MicrocapCommercial ServicesServices
Market Cap
₹379 Cr
P/E (TTM)
35.44
EBITDA
₹119 Cr
Return on Equity
4.76%
Debt to Equity
2.05
Book Value
₹21.35
EPS (TTM)
₹1.13
52W High
₹50.28
52W Low
₹29.95

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

₹398.4528.2417,219 Cr9.840.65%47.80%58.83%1,521 Cr611 Cr
₹641.35105.318,906 Cr26.170.00%64.94%11.08%2,850 Cr82 Cr
₹31.8817.147,435 Cr2.090.00%11.14%6.24%1,121 Cr488 Cr
₹1,005.1017.007,082 Cr2.250.71%13.77%15.50%1,055 Cr417 Cr
₹632.4015.975,699 Cr12.164.76%73.83%23.30%689 Cr357 Cr
₹121.91—5,371 Cr3.550.00%6.19%9.00%821 Cr75 Cr
Dev Accelerator (this company)
₹40.0535.44379 Cr1.880.00%4.76%12.31%237 Cr10 Cr
Median 7 companies₹398.4522.697,082 Cr3.550.00%13.77%12.31%1,055 Cr357 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live 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. How it works →

As of 2026-10-28
v2.0.0
46 Average
Overall score
Data confidence 98/100
surveillance:ASM1

Category scores

Quality Strong 69
Returns, margins, earnings quality 22%
Valuation Weak 37
Cheap vs sector & own history 24%
Growth Average 52
Sales & profit trajectory 9%
Financial Health Poor 22
Solvency, leverage, coverage 9%
Momentum Strong 67
Trend strength, vol-adjusted 12%
Ownership Average 51
FII/DII/promoter flows 24%

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

Oscillators

BearishNeutralBullish

Bullish

Bearish
1
Neutral
5
Bullish
3

Overall

BearishNeutralBullish

Bullish

Bearish
4
Neutral
5
Bullish
10

Moving Averages

BearishNeutralBullish

Bullish

Bearish
3
Neutral
0
Bullish
7

Growth Rate

Revenue Growth
32.38% lower than 3Y

change over 1 year

Net Income Growth
389% higher than 3Y

change over 1 year

Cash Flow Change
-4.07%

change over 1 year

EBITDA Margin Change
-9.78%

change over 1 year Operating margin 56.31% · Jun 2026

Quarterly Results

Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
24.91
34.47
49.75
65.4
55.63
51.84
59.2
59.26
53.77
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
1.32
2.71
2.85
2.94
2.97
Interest
8.76
11.38
12.21
15.18
12.26
12.64
9.25
10.28
14
Depreciation
11.13
14.44
13.32
16.54
14.51
14.8
14.94
14.64
17.68
PBT
-5.66
6.64
0.81
2.53
0.94
1.69
2.57
10.5
1.57
Tax %
5.48%
6.02%
13.58%
16.6%
85.11%
-3.55%
139.3%
24.1%
4.46%
Net Profit
-5.97
6.24
0.69
2.12
0.14
1.76
-1.01
7.96
1.5
EPS (₹)
-0.96
0.93
0.1
0.31
0.02
0.2
-0.11
0.88
0.16
Figures in ₹ Crores

Profit & Loss

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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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 + investor summaries across FY22–FY27.

Shareholding Pattern

FIIs1.46%Promot.35.09%DIIs2.05%Public28.45%Others32.95%As ofSep 2026

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[1]
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 market capitalisation of Dev Accelerator Ltd?
Dev Accelerator Ltd has a market capitalisation of ₹379 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Dev Accelerator Ltd?
Dev Accelerator Ltd trades at a PE ratio of 35.44 as of 28 Oct 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 28 Oct 2026.
What is the Return on Equity (ROE) of Dev Accelerator Ltd?
Dev Accelerator Ltd reported a return on equity of 4.76%. 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[1]

Website devx.work
CEO Mr. Parth Naimeshbhai Shah
Employees 166
Listed 2025-09-17
Face Value ₹ 2
Shares Outstanding 9,46,31,955

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