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NIFTY 5024,980.40+0.35%
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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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Dev Accelerator Limited

Dev Accelerator Limited

NSE: DEVX
Real Estate ServicesReal EstateSMALL CAPMCap ₹402.3 Cr
₹42.51₹-0.16 (-0.37%)

Market Closed • NSE

Market cap₹402.3 Cr
Enterprise value₹719.0 Cr
P/E TTM34.01
P/B2.48
EPS TTM₹1.25
D/E2.00
Dividend yield0.00%
52W high₹50.28
52W low₹29.95
Price chart(1Y)
1Y Return:+16.02% (+₹5.87)
H: ₹43.74L: ₹31.21
1W+2.04%
1M+27.62%
3M+24.55%
6M+6.12%
1Y-1.98%
Today at a glance

Day range

₹41.97₹43.36

52 week range

₹29.95₹50.28
Volume119.8K0.74x 20D avg
Free float50.00%-25.50% volume

Dev Accelerator Limited closed at INR42.51 (-0.37%) on volume 0.74x its 20-day average, trading 15.45% below its 52-week high.

Technical analysis
RSI (14)74.4Overbought
MACDBULLISHBullish (Above signal)
ATR (14)₹1.80High
SMA 20₹38.13BULLISH
SMA 50₹35.61BULLISH
SMA 100₹35.50BULLISH
SMA 200₹37.45BULLISH
CPR bottom₹42.87
Pivot₹42.80
CPR top₹42.74
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +895.5% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹370.4 Cr₹402.3 Cr92.08%≤ 33%FAIL
Non-halal income ratio–₹225.9 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹622.9 Cr₹644.0 Cr96.73%≥ 20%PASS
Receivables ratio–₹644.0 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E34.0123.00
Forward P/E——
P/B2.482.50
EV/EBITDA—18.00
PEG—0.10
Earnings yield2.904.30
Growth & profitability
RevenuePAT
FY23PAT margin -18.40%
FY24PAT margin 0.40%
FY25PAT margin 1.10%
FY26PAT margin 3.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+47.80%
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin23.43%
Net margin4.53%
Financial health & cash flow
Net debt₹349.3 CrModerate
Interest coverage1.10xEBIT / interest
CFO / PAT17.38x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹89.8 Cr
Capital expenditure–
Free cash flow₹-1352.7 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation50/100
Profitability50/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 17.38x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 2.00x

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Real Estate Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)69.65%+7.73% latest vs average
Highest delivery89.36%on 25 Sept
Average volume (20D)160.8KTrading-session average
Conviction trendStrengthening+7.73% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
DLF Limited
DLF LimitedDLF
Open analysis
₹1.67L37.581.19%₹1,280.00₹794.00-52.89%+4.06%
Lodha Developers Limited
Lodha Developers LimitedLODHA
Open analysis
₹1.06L25.700.40%₹4,997.00₹1,373.00+43.10%+103.41%
The Phoenix Mills Limited
The Phoenix Mills LimitedPHOENIXLTD
Open analysis
₹67,847.9152.840.13%₹1,233.20₹403.35+21.34%+50.04%
Prestige Estates Projects Limited
Prestige Estates Projects LimitedPRESTIGE
Open analysis
₹64,264.9556.410.13%₹2,675.00₹271.00+15.95%-13.14%
Oberoi Realty Limited
Oberoi Realty LimitedOBEROIRLTY
Open analysis
₹61,921.4623.550.47%₹1,038.00₹508.00+33.94%+64.40%
Godrej Properties Limited
Godrej Properties LimitedGODREJPROP
Open analysis
₹48,295.6430.180.62%₹121.00₹61.00+14.15%+8.93%
Brigade Enterprises Limited
Brigade Enterprises LimitedBRIGADE
Open analysis
₹18,759.2327.020.34%₹1,116.00₹217.00-12.88%+37.34%
Anant Raj Limited
Anant Raj LimitedANANTRAJ
Open analysis
₹18,416.7031.020.19%₹631.00₹149.00+6.59%+18.25%
About Dev Accelerator Limited
Dev Accelerator Limited

Dev Accelerator Limited operates coworking and managed office spaces and allied services to corporates, MNCs, and SMEs in India and internationally. It rents workspaces; and offers payroll and facility management, as well as enterprise workspace designing and building services. The company was founded in 2017 and is based in Ahmedabad, India.

IndiaReal Estate

Questions investors ask
Is Dev Accelerator Limited Shariah compliant?

Dev Accelerator Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (92.08%) exceeds AAOIFI threshold (≤ 33%).

What is Dev Accelerator Limited's current valuation relative to peers?

Dev Accelerator Limited trades at a P/E of 34.0x compared to the sector median of 23x, and a Price-to-Book of 2.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 2.00x. Interest coverage is 1.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.