Dev Information Technology Limited
Dev Information Technology Limited provides information technology enabled services in India, Europe, and internationally. The company offers cloud services, including cloud advisory, cloud application modernization, managed cloud, enterprise devOps, and backup and recovery services; and managed IT services, such as managed digital workplace and data center support services, as well as applicatio… Read more
Dev Information Technology Limited (DEVIT) - Net Assets
Latest net assets as of September 2025: ₹1.29 Billion INR
Based on the latest financial reports, Dev Information Technology Limited (DEVIT) has net assets worth ₹1.29 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹2.07 Billion) and total liabilities (₹782.38 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.29 Billion |
| % of Total Assets | 62.27% |
| Annual Growth Rate | 21.17% |
| 5-Year Change | 101.78% |
| 10-Year Change | 530.19% |
| Growth Volatility | 18.17 |
Dev Information Technology Limited - Net Assets Trend (2012–2024)
This chart illustrates how Dev Information Technology Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dev Information Technology Limited (2012–2024)
The table below shows the annual net assets of Dev Information Technology Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₹687.63 Million | +17.98% |
| 2023-12-31 | ₹582.83 Million | +40.08% |
| 2022-12-31 | ₹416.07 Million | +26.93% |
| 2021-12-31 | ₹327.79 Million | -3.81% |
| 2020-12-31 | ₹340.79 Million | +1.63% |
| 2019-12-31 | ₹335.31 Million | +11.19% |
| 2018-12-31 | ₹301.56 Million | +15.32% |
| 2017-12-31 | ₹261.49 Million | +61.03% |
| 2016-12-31 | ₹162.39 Million | +48.83% |
| 2015-12-31 | ₹109.11 Million | +21.23% |
| 2014-12-31 | ₹90.00 Million | +14.25% |
| 2013-12-31 | ₹78.78 Million | +14.80% |
| 2012-12-31 | ₹68.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dev Information Technology Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3481.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹415.75 Million | 60.59% |
| Common Stock | ₹112.67 Million | 16.42% |
| Other Comprehensive Income | ₹53.19 Million | 7.75% |
| Other Components | ₹104.61 Million | 15.24% |
| Total Equity | ₹686.22 Million | 100.00% |
Dev Information Technology Limited Competitors by Market Cap
The table below lists competitors of Dev Information Technology Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fifth Era Acquisition Corp I Rights
NASDAQ:FERAR
|
$5.43 Million |
|
Bulletin Resources Limited
F:7BR
|
$5.43 Million |
|
Sienna Resources Inc
PINK:SNNAF
|
$5.43 Million |
|
DC HEALTHCARE HOLDINGS BERHAD
KLSE:0283
|
$5.43 Million |
|
Wise Group AB
ST:WISE
|
$5.42 Million |
|
Mountain Province Diamonds Inc
PINK:MPVDF
|
$5.42 Million |
|
Herkules S.A.
WAR:HRS
|
$5.42 Million |
|
Top KingWin Ltd Class A Ordinary Shares
NASDAQ:TCJH
|
$5.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dev Information Technology Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 554,513,000 to 686,216,000, a change of 131,703,000 (23.8%).
- Net income of 148,729,000 contributed positively to equity growth.
- Dividend payments of 11,242,000 reduced retained earnings.
- Share repurchases of 4,915,000 reduced equity.
- New share issuances of 4,915,000 increased equity.
- Other comprehensive income decreased equity by 1,864,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹148.73 Million | +21.67% |
| Dividends Paid | ₹11.24 Million | -1.64% |
| Share Repurchases | ₹4.92 Million | -0.72% |
| Share Issuances | ₹4.92 Million | +0.72% |
| Other Comprehensive Income | ₹-1.86 Million | -0.27% |
| Other Changes | ₹-3.92 Million | -0.57% |
| Total Change | ₹- | 23.75% |
Book Value vs Market Value Analysis
This analysis compares Dev Information Technology Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.90x to 2.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ₹1.72 | ₹29.10 | x |
| 2013-12-31 | ₹1.98 | ₹29.10 | x |
| 2014-12-31 | ₹2.26 | ₹29.10 | x |
| 2015-12-31 | ₹2.73 | ₹29.10 | x |
| 2016-12-31 | ₹4.07 | ₹29.10 | x |
| 2017-12-31 | ₹4.74 | ₹29.10 | x |
| 2018-12-31 | ₹5.43 | ₹29.10 | x |
| 2019-12-31 | ₹15.07 | ₹29.10 | x |
| 2020-12-31 | ₹6.14 | ₹29.10 | x |
| 2021-12-31 | ₹5.94 | ₹29.10 | x |
| 2022-12-31 | ₹7.49 | ₹29.10 | x |
| 2023-12-31 | ₹9.97 | ₹29.10 | x |
| 2024-12-31 | ₹12.24 | ₹29.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dev Information Technology Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.71%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 1.78x
- Recent ROE (21.67%) is above the historical average (13.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 8.50% | 1.37% | 1.73x | 3.59x | ₹-1.03 Million |
| 2013 | 13.97% | 1.95% | 1.50x | 4.78x | ₹3.13 Million |
| 2014 | 14.11% | 2.86% | 1.65x | 2.99x | ₹3.69 Million |
| 2015 | 18.81% | 4.50% | 1.47x | 2.84x | ₹9.59 Million |
| 2016 | 18.44% | 4.67% | 1.47x | 2.68x | ₹13.67 Million |
| 2017 | 15.27% | 5.03% | 1.45x | 2.09x | ₹13.68 Million |
| 2018 | 14.58% | 5.78% | 1.35x | 1.87x | ₹13.73 Million |
| 2019 | 11.12% | 5.41% | 1.18x | 1.75x | ₹3.72 Million |
| 2020 | -0.95% | -0.38% | 1.34x | 1.86x | ₹-37.08 Million |
| 2021 | 0.41% | 0.13% | 1.50x | 2.03x | ₹-31.45 Million |
| 2022 | 21.60% | 7.23% | 1.83x | 1.63x | ₹48.20 Million |
| 2023 | 16.75% | 5.69% | 1.71x | 1.72x | ₹37.43 Million |
| 2024 | 21.67% | 8.71% | 1.40x | 1.78x | ₹80.11 Million |
Industry Comparison
This section compares Dev Information Technology Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,503,158,354
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dev Information Technology Limited (DEVIT) | ₹1.29 Billion | 8.50% | 0.61x | $5.42 Million |
| 3i Infotech Limited (3IINFOLTD) | $10.02 Billion | 26.55% | 2.88x | $25.24 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $7.67 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.46 Billion | 14.35% | 0.24x | $44.01 Million |
| Adroit Infotech Limited (ADROITINFO) | $160.99 Million | -1.68% | 0.01x | $2.88 Million |
| Allied Digital Services Limited (ADSL) | $6.46 Billion | 4.97% | 0.43x | $34.08 Million |
| Airan Limited (AIRAN) | $158.56 Million | 5.12% | 0.24x | $6.22 Million |
| Alankit Limited (ALANKIT) | $316.22 Million | 1.08% | 0.04x | $12.88 Million |
| Bartronics India Limited (ASMS) | $282.50 Million | 6.18% | 0.15x | $6.26 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $695.96 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $1.81 Billion |