Debut Plus

₹34.19

▼ -0.47 -1.36%

17 Jul 2026

NSE Listed

Dev Accelerator Limited (DEVX)

Volume: 2,11,418Avg Vol 1W: 1,10,984.6Avg Vol 1M: 1,05,023.7552W Range:₹29.95₹64.05
NSE BSE www.devx.work
Key Ratios
Checked 19h ago
Market Cap₹313 Cr
Current Price₹34.19
Previous Close₹34.66
High / Low (52w)₹64.05 / ₹29.95
Volume2,11,418
Avg Vol (1W)1,10,984.6
Avg Vol (1M)1,05,023.75
Stock P/E35.37
Book Value₹20.58
Dividend Yield0%
ROE4.7%
ROA1.4%
Revenue (TTM)₹178 Cr
Revenue Growth47%
Profit Margin3.9%
Total Debt₹64 Cr
Shares Outstanding9 Cr
Face Value₹2
EPS (TTM)₹0.98
P/B1.68
Debt / Equity2
50 DMA₹36.67
200 DMA₹40.17
Day change-1.36%
Price Chart
₹34.19▼ 46.62% · 1Y
₹64₹3161.7L
2025-09-17
2026-07-15

20-day avg volume: 1.1L shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 70% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹25 Cr₹34 Cr₹50 Cr₹65 Cr₹56 Cr₹52 Cr₹59 Cr₹59 Cr
EBITDA₹3 Cr₹18 Cr₹13 Cr₹18 Cr₹13 Cr₹14 Cr₹11 Cr₹22 Cr
Net Profit₹-6 Cr₹6 Cr₹1 Cr₹2 Cr₹0 Cr₹2 Cr₹-1 Cr₹8 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹9 Cr₹31 Cr₹71 Cr₹111 Cr₹178 Cr
EBITDA₹0 Cr₹-1 Cr₹1 Cr₹22 Cr₹47 Cr
Net Profit₹-3 Cr₹-8 Cr₹-13 Cr₹0 Cr₹2 Cr
EPS-3,063-7,511.28-11,490.240.080.27
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹64 Cr₹101 Cr₹282 Cr₹411 Cr₹540 Cr
Total Liabilities₹64 Cr₹103 Cr₹281 Cr₹382 Cr₹486 Cr
Equity₹1 Cr₹-2 Cr₹1 Cr₹29 Cr₹55 Cr
Total Debt₹48 Cr————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹2 Cr₹15 Cr₹28 Cr₹11 Cr₹105 Cr
Investing₹0 Cr₹-7 Cr₹-24 Cr₹-41 Cr₹-38 Cr
Financing₹-1 Cr₹-6 Cr₹-4 Cr₹33 Cr₹-53 Cr
Free Cash Flow₹2 Cr₹15 Cr₹28 Cr₹11 Cr₹105 Cr
Shareholding
Promoter 35.09% Institutions 5.61% Public 59.3%
Efficiency & Working Capital
ROCE10.1%
Interest Coverage1.1
Dividend Payout—
Debtor Days97 d
Inventory Days0 d
Payable Days90 d
Cash Conversion Cycle7 d
Working Capital Days97 d
Shareholding Details

As of 2026-06-30

Promoter35.1%
FII1.4%
DII3.9%
Institutions5.3%
Public59.6%
Promoter Pledge0%
No. of Shareholders19,078
Shareholding Pattern

Quarterly — figures in %. Latest 6 quarters.

PeriodSept 2024Mar 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters54.1%49.8%36.8%36.8%36.8%35.1%
FIIs0%0%3.4%2.3%1.4%1.4%
DIIs0%0%0.9%5.6%4.9%3.9%
Public45.9%50.2%58.9%55.3%56.8%59.6%
Promoter Pledge0%0%0%0%0%0%
No. of Shareholders457425,21621,90919,89119,078
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202403————
Major Shareholders (>1%)
NameCategoryStakeShares
Dev Information Technology LimitedShareholding of Promoter and Promoter Group15.4%1.46 Cr
Parashwanath Land Organisers LlpPublic Shareholding7.2%67,80,480
Umesh Satishkumar UttamchandaniShareholding of Promoter and Promoter Group6.6%61,98,880
Rushit S ShahShareholding of Promoter and Promoter Group6.6%61,98,880
Parth N ShahShareholding of Promoter and Promoter Group6.6%61,98,880
Infibeam Projects Management Private LimitedPublic Shareholding4.7%44,44,440
Kalpesh Harakhchand GalaPublic Shareholding4.6%43,28,178
Unmaj Corporation LlpPublic Shareholding4.2%39,28,360
Parbhudas Kishordas Tobacco Products Private LimitedPublic Shareholding3%28,33,645
Amit Ranchhodlal ChokshiPublic Shareholding2.2%21,00,000
Ajay Surendrabhai PatelPublic Shareholding2%18,74,080
Chhatisgarh Investments LimitedPublic Shareholding1.9%17,69,900
Finavenue Capital Trust - Finavenue Growth FundPublic Shareholding1.5%14,56,866
Tipsons Consultancy Services Pvt LtdPublic Shareholding1.5%13,92,045
J P Tobacco Products Private LimitedPublic Shareholding1.3%11,93,131
Tycho VenturesPublic Shareholding1%9,84,119
Finex Accounting Services Private LimitedShareholding of Promoter and Promoter Group0%0
Dhyey Consulting Services Private LimitedShareholding of Promoter and Promoter Group0%0
Minddefft Technologies Private LimitedShareholding of Promoter and Promoter Group0%0
Confiable Advisory LlpShareholding of Promoter and Promoter Group0%0
Byte Technosys Private LimitedShareholding of Promoter and Promoter Group0%0
Anjani Infrastructure Private LimitedShareholding of Promoter and Promoter Group0%0
M N Shah Capital Services Private LimitedShareholding of Promoter and Promoter Group0%0
Dev Info-tech North America LimitedShareholding of Promoter and Promoter Group0%0
Dynamics Stars LlcShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Umesh Satishkumar Uttamchandani00%2026-06-30
Rushit S Shah00%2026-06-30
Parth N Shah00%2026-06-30
Jaimin Jagdishbhai Shah00%2026-06-30
Pranav Niranjan Pandya00%2026-06-30
Amisha Jaimin Shah00%2026-06-30
Kruti Pranav Pandya00%2026-06-30
Neha Uttamchandani00%2026-06-30
Ashaben S Uttamchandani00%2026-06-30
Trisha Uttamchandani00%2026-06-30
Himanshu Uttamchandani00%2026-06-30
Ravi Uttamchandani00%2026-06-30
Board of Directors
NameDesignationYear
Parth ShahChairman & Wholetime Director2025
Umesh UttamchandaniManaging Director2025
Rushit ShahWhole-time Director2025
Jaimin Jagdishbhai ShahNon Executive Director / Nominee2025
Yash ShahNon-Exec & Non-Independent Dir2025
Gopi TrivediIndependent Non Exe. Director2025
Shri Praveen KumarIndependent Non Exe. Director2025
PATHIK SHAILESH PATWARIIndependent Non Exe. Director2025
Anish Alerk PatelIndependent Non Exe. Director2025
Anand A PatelIndependent Non Exe. Director2025
Anjan Trivedi.Company Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2024₹10944
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024000213
2024000101
2024000101
Company Information
Incorporated2020
ChairmanParth Shah
AuditorNisarg J Shah & Co.
Investor Email[email protected]
🌐 www.devx.work ↗

📍 No. C-01 The First Commercial-, Complex Vastrapur, Ahmedabad, Gujarat, 380015

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