Recent Price Movement and Market Context
On 18 Dec 2025, Dev Information Technology's stock recorded an intraday low of Rs.34.08, which also represents its all-time low. The stock has been on a downward trajectory for three consecutive days, resulting in a cumulative return of -7.25% over this period. Today’s trading session saw the stock underperform its sector by 4.49%, with a day change of -3.36%. The share price currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained weakness in price momentum.
In comparison, the broader market index, Nifty, closed marginally lower at 25,815.55, down by 3 points or 0.01%. The Nifty index remains 1.98% below its 52-week high of 26,325.80. Notably, Nifty has experienced a three-week consecutive decline, losing 1.48% in that timeframe. However, mid-cap stocks have shown relative strength, with the Nifty Midcap 100 index gaining 0.34% today.
Long-Term Performance and Valuation Metrics
Over the past year, Dev Information Technology’s stock has generated a return of -42.80%, a stark contrast to the Sensex’s 5.36% gain during the same period. The stock’s 52-week high was Rs.114.89, highlighting the extent of the decline to the current low. This performance places the company below the BSE500 index returns over the last three years, one year, and three months, signalling persistent underperformance relative to the broader market.
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Financial Results and Profitability Trends
Dev Information Technology’s latest six-month profit after tax (PAT) stands at Rs.3.78 crore, reflecting a contraction of 68.33% compared to previous periods. The company’s operating cash flow for the year is reported at a negative Rs.8.87 crore, marking the lowest level in recent times. Return on Capital Employed (ROCE) for the half-year is at 7.36%, which is among the lowest recorded for the company.
Profitability has been under pressure, with profits falling by 62.1% over the past year. These figures underscore the challenges faced by the company in maintaining earnings and cash generation, which have contributed to the subdued market valuation and share price decline.
Debt and Valuation Considerations
Despite the financial headwinds, Dev Information Technology maintains a relatively low Debt to EBITDA ratio of 1.33 times, indicating a manageable level of debt servicing capability. The company’s ROCE stands at 6.3%, and it carries an enterprise value to capital employed ratio of 1.5, suggesting an attractive valuation relative to capital utilisation.
When compared to its peers, the stock is trading at a discount to average historical valuations within the Computers - Software & Consulting sector. This discount reflects the market’s assessment of the company’s recent financial performance and growth prospects.
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Shareholding and Sector Position
The majority shareholding in Dev Information Technology is held by promoters, maintaining a concentrated ownership structure. The company operates within the Computers - Software & Consulting industry, a sector that has seen varied performance across its constituents in recent months.
Summary of Key Price and Performance Indicators
To summarise, Dev Information Technology’s stock has reached a new low of Rs.34.08, down from its 52-week high of Rs.114.89. The stock’s recent three-day decline of 7.25% and underperformance relative to its sector by 4.49% today highlight ongoing price pressures. The company’s financial results show contraction in profits and cash flow, alongside subdued returns on capital. However, debt levels remain moderate, and valuation metrics indicate the stock trades at a discount compared to peers.
Market conditions have also been challenging, with the Nifty index experiencing a three-week decline and trading below its 50-day moving average, although mid-cap stocks have shown some resilience. Dev Information Technology’s share price remains below all major moving averages, reflecting the current market sentiment towards the stock.
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