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Home › Company Intelligence › Dev Accelerator Limited (DEVX)
NSE: DEVX MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY26 FRESH

Dev Accelerator Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY26 • Source: NSE_4Q_STATUTORY_ROLLUP • Last Checked: 11 Oct 2026
FY26 Revenue ₹180 Cr
FY26 Net Profit ₹2.63 Cr
Reported EPS ₹0.34
Operating Margin 5.73%
Return on Equity 13.9%
ROCE 6.6%
Debt / Equity 7.24x
Net Profit Margin 1.46%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹62.99 Cr with net profit of ₹5.36 Cr (EPS: ₹0.57).

Exchange Disclosure (2026-11-03): Outcome of Board Meeting —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Dev Accelerator Limited under Diversified.

Official listing profile for Dev Accelerator Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Fragile (43/100)
43 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 18 / 20
Profitability & Margins 9 / 20
Solvency & Capital Structure 0 / 20
Cash Flow Quality 12 / 20
Capital Allocation & Valuation 4 / 20
Key Strengths
  • + Strong YoY revenue expansion (314.7%)
  • + Earnings turnaround from prior-year loss to profitability
  • + Healthy Return on Equity (13.9%)
  • + High earnings quality: OCF exceeds 90% of reported PAT
Key Vigilance Points & Risks
  • − High financial leverage: Debt/Equity exceeds 1.5x (7.24x)
  • − Tight interest coverage safety buffer (0.2x)
  • − Negative Free Cash Flow absorbed by heavy capital expenditure
  • − Low Return on Capital Employed below 8% (6.6%)
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹0k₹0k₹0k₹0k₹0kRevenue: ₹44 CrNet Profit: ₹-1 CrFY25Revenue: ₹180 CrNet Profit: ₹3 CrFY26RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2026 • Source: NSE_4Q_STATUTORY_ROLLUP
Annual Metric (₹ Cr)FY25
Dec 2025
FY26
Mar 2026
Sales / Revenue from Operations₹44₹180
Operating Expenditure₹19₹170
Operating Profit (EBITDA)₹24₹10
Operating Profit Margin (OPM %)55.33%5.73%
Other Income₹2.21₹9.47
Finance Costs / Interest₹9.15₹44
Depreciation & Amortization₹15₹59
Profit Before Tax (PBT)₹2.21₹10
Tax Expense₹3.10₹7.69
Net Profit (PAT)₹-0.89₹2.63
Net Profit Margin (NPM %)-2.05%1.46%
Basic / Diluted EPS (₹)₹-0.15₹0.34
Cash from Operations (CFO)N/A₹101
Free Cash Flow (FCF)N/A₹-2.24
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹41₹43₹46₹51₹47₹63
Operating Profit (EBITDA)₹0.94₹1.54₹2.21₹5.64₹1.42₹7.48
OPM %2.28%3.61%4.84%11.08%3.02%11.87%
Profit Before Tax (PBT)₹0.94₹1.54₹2.21₹5.64₹1.42₹7.48
Net Profit (PAT)₹0.40₹1.35₹-0.89₹1.77₹2.00₹5.36
NPM %0.97%3.17%-1.95%3.48%4.25%8.51%
Basic / Diluted EPS (₹)₹0.02₹0.24₹-0.15₹0.23₹0.22₹0.57
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY25FY26
Equity Share Capital₹18₹19
Reserves & SurplusN/A₹158
Net Worth (Shareholders' Funds)₹18₹19
Total Borrowings & DebtN/A₹137
Total Balance Sheet AssetsN/A₹613
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY25FY26
Cash Flow from Operating Activities (CFO)N/A₹101
Cash Flow from Investing Activities (CFI)N/A₹-126
Cash Flow from Financing Activities (CFF)N/A₹45
Free Cash Flow / Net Cash FlowN/A₹-2.24
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY25FY26
Operating Profit Margin (OPM)55.33%5.73%
Net Profit Margin (NPM)-2.05%1.46%
Return on Equity (ROE)-4.93%13.89%
Return on Capital Employed (ROCE)62.97%34.83%
Return on Assets (ROA)N/A0.43%
Debt to Equity RatioN/A7.24x
Interest Coverage Ratio2.6x0.2x
CFO to Net Profit ConversionN/A38.35x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 35.09%
FII: N/A
DII: N/A
Public: 64.91%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Jun 2026Mar 2026Mar 2026Dec 2025QoQ Shift
Promoter Holding35.09%35.09%35.09%36.81%36.81%36.81%0.00%
Foreign Institutional (FII)N/A1.36%1.36%N/A1.36%N/A—
Domestic Institutional (DII / MFs)N/A3.93%3.93%N/A3.93%N/A—
Public & Retail64.91%59.63%64.91%63.19%63.19%63.19%+5.28%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Umesh Satishkumar Uttamchandani
Managing Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

BOARD
Parth Naimeshbhai Shah
Chairman and Whole Time Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

BOARD
Rushit Shradulkumar Shah
Whole Time Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

AUDITOR
M/s. Nisarg J. Shah & Co.
Statutory Auditor

Verified Statutory Auditor per SEBI Integrated Financial Disclosure.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 9 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Outcome of Board Meeting 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

Issue of Securities 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Issue of Securities

Allotment of Securities 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Allotment of Securities

Monitoring Agency Report 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Monitoring Agency Report

Analysts/Institutional Investor Meet/Con. Call Updates 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 06 Oct 2026, 06:20 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Dev Accelerator Limited has informed the Exchange about Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018

Dev Accelerator Limited has informed the Exchange about Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 06 Oct 2026, 06:20 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

Certificate under SEBI (Depositories and Participants) Regulations, 2018

Certificate under SEBI (Depositories and Participants) Regulatio 06 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-03 Allotment of Securities • NSE_OFFICIAL_API
Allotment of Securities

2026-11-03 Issue of Securities • NSE_OFFICIAL_API
Issue of Securities

2026-11-03 Monitoring Agency Report • NSE_OFFICIAL_API
Monitoring Agency Report

2026-11-03 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-28 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-06 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-06 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Dev Accelerator Limited has informed the Exchange about Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018

Dev Accelerator Limited has informed the Exchange about Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018

2026-09-30 QUARTERLY_RESULTS • Exchange Filing
Financial Results Announced: Q2 FY27

Reported Revenue of ₹63.0 Cr and Net Profit of ₹5.4 Cr.

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 35.09% | FII N/A | DII N/A | Public 64.91%.

2026-09-25 Amendment to AOA/MOA • NSE_OFFICIAL_API
Amendment to AOA/MOA

2026-09-25 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-25 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Dev Accelerator Limited has informed the Exchange regarding Proceedings of 6th (Sixth) Annual General Meeting held on September 25, 2026

Dev Accelerator Limited has informed the Exchange regarding Proceedings of 6th (Sixth) Annual General Meeting held on September 25, 2026

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (544513) ↗ NSE Official Quote (DEVX) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 03 Nov 2026, 17:37 VERIFIED ea014797d9ee...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 31 Oct 2026, 14:26 VERIFIED 6ee16bfdcd1b...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 12:45 VERIFIED 6ee16bfdcd1b...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 25 Oct 2026, 21:45 VERIFIED 6399c3d4073e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 22 Oct 2026, 06:45 VERIFIED 6399c3d4073e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 17 Oct 2026, 15:45 VERIFIED 6399c3d4073e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 13 Oct 2026, 05:45 VERIFIED c9b6fecdc82a...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.