Financials Dev Information Technology Limited

Equities

DEVIT

INE060X01026

IT Services & Consulting

Market Closed - NSE India S.E. 05:13:48 09/05/2024 pm IST 5-day change 1st Jan Change
110 INR +3.43% Intraday chart for Dev Information Technology Limited -7.37% -32.38%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 411.3 539.6 364.4 618.3 1,455 2,072
Enterprise Value (EV) 1 431 573.1 409 617.2 1,463 2,120
P/E ratio 10.3 x 12.3 x 9.85 x 75.7 x 1,086 x 23.2 x
Yield 0.67% 0.51% 0.76% 0.45% 0.38% 0.27%
Capitalization / Revenue 0.59 x 0.7 x 0.53 x 0.73 x 1.46 x 1.67 x
EV / Revenue 0.62 x 0.74 x 0.6 x 0.73 x 1.47 x 1.71 x
EV / EBITDA 5.02 x 5.94 x 8.69 x 16.7 x 27.5 x 31.8 x
EV / FCF -7.61 x -79.3 x -17.8 x 10.2 x 43.8 x -41.7 x
FCF Yield -13.1% -1.26% -5.62% 9.78% 2.28% -2.4%
Price to Book 1.58 x 1.81 x 1.09 x 1.82 x 4.44 x 4.99 x
Nbr of stocks (in thousands) 22,082 22,082 22,082 22,082 22,082 22,118
Reference price 2 18.62 24.44 16.50 28.00 65.88 93.70
Announcement Date 29/08/18 05/09/19 08/12/20 04/08/21 06/09/22 07/09/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 695.9 776.3 685.4 846.4 998.2 1,242
EBITDA 1 85.8 96.45 47.06 36.94 53.16 66.59
EBIT 1 68.32 78.79 28.51 19.35 37.66 57.31
Operating Margin 9.82% 10.15% 4.16% 2.29% 3.77% 4.62%
Earnings before Tax (EBT) 1 55.02 67.65 37.74 12.27 19.66 112.6
Net income 1 39.63 43.71 37 8.172 1.34 89.74
Net margin 5.7% 5.63% 5.4% 0.97% 0.13% 7.23%
EPS 2 1.809 1.979 1.675 0.3700 0.0607 4.042
Free Cash Flow 1 -56.67 -7.225 -23 60.35 33.37 -50.81
FCF margin -8.14% -0.93% -3.36% 7.13% 3.34% -4.09%
FCF Conversion (EBITDA) - - - 163.4% 62.77% -
FCF Conversion (Net income) - - - 738.5% 2,490.13% -
Dividend per Share 2 0.1250 0.1250 0.1250 0.1250 0.2500 0.2500
Announcement Date 29/08/18 05/09/19 08/12/20 04/08/21 06/09/22 07/09/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 19.7 33.5 44.6 - 8 48
Net Cash position 1 - - - 1.06 - -
Leverage (Debt/EBITDA) 0.2298 x 0.3471 x 0.9478 x - 0.1504 x 0.7203 x
Free Cash Flow 1 -56.7 -7.23 -23 60.4 33.4 -50.8
ROE (net income / shareholders' equity) 18.7% 15.6% 11.9% 2.25% -0.22% 24.3%
ROA (Net income/ Total Assets) 8.75% 8.92% 3.12% 2% 3.66% 5.34%
Assets 1 453.2 490.1 1,187 409 36.61 1,681
Book Value Per Share 2 11.80 13.50 15.10 15.30 14.80 18.80
Cash Flow per Share 2 3.320 3.520 2.880 5.010 4.000 1.130
Capex 1 12.3 75.8 30.4 6.11 15.4 12.8
Capex / Sales 1.76% 9.77% 4.44% 0.72% 1.55% 1.03%
Announcement Date 29/08/18 05/09/19 08/12/20 04/08/21 06/09/22 07/09/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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