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DEVX · Dev Accelerator Ltd · Business Services

DEVX · Dev Accelerator Ltd · Business Services

₹43.65-3.1%

As of 05 Nov close

52-week range

52wk low ₹29.9552wk high ₹50.28

13.2% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Operating margin above its own averageDebt-to-equity above 1x

Revenue (latest Q)

₹54 Cr

Revenue YoY

PAT YoY

+1038.5%

Operating margin

Revenue, last 7 quarters

P/E (TTM)

P/B

1.7

P/S (TTM)

1.4

Sector P/E

14.4

Dividend yield

0.0%

CompanyP/EP/BNet marginROED/EDiv. yield
DEVX (this stock)35.71.7+4.5%+5.5%20.0%
Delhivery374.44.4+0.8%+1.0%0.150.0%
Urban CompanyNot available from data source11.5-19.4%-15.6%0.060.0%
Indegene31.49+10.5%+12.8%0.05+0.4%

Promoter

stable

FII

stable

MF

Not available from data source

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Investor presentationPositive04 Nov 2026
View source filing →

Key takeaway: The investor presentation for Dev Accelerator Limited (DEVX) for Q2 and H1 FY27 outlines strong financial performance, with revenue increasing by 54.8% to Rs. 80.2 crore in Q2 FY27 and PAT more than tripling to Rs. 5.5 crore. For H1 FY27, revenue reached Rs. 134.0 crore, with PAT increasing to 3.7 times the corresponding period last year. The company operates 28 centers across 12 cities, covering 1.16 million sq. ft. and serving 376 clients, with occupancy at 91.2%. The revenue to rent ratio improved to 2.90 times. The presentation highlights expansion into Tier II cities, a Rs. 100 crore fundraising, and a pipeline of 17 new centers. Strategic initiatives include leveraging GCC opportunities, expanding managed office services, and enhancing client offerings through integrated solutions. The company also discusses its capital structure, financial metrics, and balance sheets under both IGAAP and IND AS standards. The chairman emphasized the company's vision to build an integrated platform supporting global businesses in India, with a focus on recurring service income and capital efficiency.

The presentation highlights strong revenue and profit growth, improved occupancy rates, and strategic expansion plans, indicating a positive outlook.

Sourced from an exchange-filed presentation, dated 04 Nov 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive18 Aug 2026
View source filing →

Key takeaway: In the earnings conference call held on August 13, 2026, management reported that Dev Accelerator Limited's consolidated revenue for Q1 FY27 was INR 53.8 crores, with standalone revenue from core workspace operations increasing by 7.8% year-on-year to INR 42 crores. The consolidated EBITDA rose by 14.7% to INR 30.3 crores, with an EBITDA margin improvement to 56.3%. Management highlighted a significant operational expansion, with an operational portfolio of 1.13 million square feet and an occupancy rate of 91.93%. The enterprise client segment contributed approximately 70% of revenue, up from 52% in the previous year. Management also discussed recent fundraising efforts, raising INR 100 crores through secured debt, and emphasized a disciplined approach to expansion and capital structure management. The call concluded with management expressing confidence in the company's growth trajectory and operational strategy.

Management emphasized growth and operational expansion throughout the discussion.

Sourced from an exchange-filed transcript, dated 18 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive13 Aug 2026
View source filing →

Key takeaway: Dev Accelerator Limited's investor presentation for Q1 FY27 reported a revenue of Rs. 53.8 crore, a decrease of 3.3% from Rs. 55.6 crore in Q1 FY26. EBITDA increased by 14.7% year-over-year to Rs. 30.3 crore, with a margin of 56.3%. The company achieved a profit after tax (PAT) of Rs. 1.5 crore, reflecting a significant growth compared to Rs. 0.1 crore in the same quarter last year. The occupancy rate across its 27 centers reached 91.9%, with a total managed office space of 1.13 million sq. ft., up 31.4% year-over-year. The chairman highlighted ongoing demand for managed office spaces and the company's focus on technology-led solutions to enhance operational efficiency. Additionally, the company raised Rs. 100 crore through non-convertible debt to support expansion plans.

Management highlighted growth in EBITDA and PAT, alongside strong occupancy rates.

Sourced from an exchange-filed presentation, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive26 May 2026
View source filing →

Key takeaway: Dev Accelerator Limited (DEVX) conducted its earnings conference call on May 20, 2026, to discuss its financial results for the fiscal year ending March 31, 2026. Management reported a consolidated revenue of INR 226 crores, reflecting a 42% growth from INR 159 crores in FY25. The EBITDA margin was noted at 48.4%, with standalone revenue reaching INR 171 crores and an EBITDA margin of 60.5%. Management highlighted the successful launch of the Capital One campus, achieving 95% occupancy before operations began. The company emphasized its focus on Tier 2 cities, where demand for flexible office spaces is growing significantly. Management also discussed plans for expansion, including a projected investment of INR 200-225 crores to increase operational area from 1.2 million square feet to 3 million square feet by FY28. The call concluded with management expressing confidence in their growth strategy and operational efficiency.

Management highlighted strong financial performance and growth opportunities.

Sourced from an exchange-filed transcript, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive20 May 2026
View source filing →

Key takeaway: Dev Accelerator Limited (DEVX) disclosed its investor presentation for the financial results of the quarter and fiscal year ending March 31, 2026. The presentation highlighted a standalone revenue of ₹171 crore, reflecting a 34% year-over-year increase, with an EBITDA margin of 60.5%. Profit before tax (PBT) grew significantly by 922% to ₹10 crore, while normalized PBT was reported at ₹20 crore. The company emphasized its focus on Tier-2 cities, which contributed 75% of its revenue, and reported a net churn rate of 0.0%. Operationally, DEVX consolidated approximately 15.75 lakh sq. ft. of contracted space in Ahmedabad. The management noted plans to expand operational capacity to around 30 lakh sq. ft. by FY28, leveraging a strong pipeline and ongoing demand from global corporate clients. The document also outlined the company's asset-light expansion strategy and its commitment to enhancing client offerings.

The presentation emphasized strong financial performance and growth strategies.

Sourced from an exchange-filed presentation, dated 20 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive05 Feb 2026
View source filing →

Key takeaway: The earnings conference call for Dev Accelerator Limited, held on February 2, 2026, provided insights into the company's performance for the quarter and nine months ended December 31, 2025. Management reported a revenue from operations of INR 59.2 crores for Q3 FY26, reflecting a 19% year-on-year increase, and INR 166.7 crores for the nine-month period, a 53% year-on-year growth. The company operates 28 centers across 12 cities, with an occupancy level of 88%. Management emphasized a strategic focus on Tier 2 cities, which contribute 75% of revenue, and highlighted a significant deal involving an 8 lakh square feet managed office space in Ahmedabad. The call also discussed the company's development management model, which allows for partnerships with landowners to create Grade A assets without incurring development costs. Overall, management expressed confidence in sustained growth and long-term value creation for shareholders.

Management highlighted strong financial performance and strategic growth initiatives.

Sourced from an exchange-filed transcript, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26237 pages

Dev Accelerator Limited (DEVX) reported a market capitalization of ₹278 crores as of March 31, 2026. The company's FY2025-26 financials highlight significant lease arrangements, with ROU assets and lease liabilities amounting to ₹19,225.26 lakhs and ₹22,569.19 lakhs, respectively. The auditor identified lease accounting as a key audit matter due to the complexity and volume of lease contracts. The company has no pending insolvency processes, defaults, or regulatory penalties. It also disclosed no related-party transactions that conflicted with its interests and has complied with all statutory requirements, including CSR and secretarial standards.

  • Market capitalization of ₹278 crores as of March 31, 2026.
  • Significant lease arrangements with ROU assets and liabilities of ₹19,225.26 lakhs and ₹22,569.19 lakhs, respectively.
  • No insolvency processes, defaults, or regulatory penalties noted.
  • Compliance with statutory requirements, including CSR and secretarial standards.

Key takeaway: Dev Accelerator Limited's FY2025-26 report highlights significant lease obligations and compliance with statutory requirements, with no major defaults or regulatory issues noted.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 01 Sept 2026View source filing →

Governance disclosures

AI-generated

No governance disclosures identified in DEVX's filed documents yet.

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