Ahmedabad IT services firm providing cloud, digital transformation, Microsoft Dynamics/Power Platform enterprise apps, managed IT and cybersecurity services to government and corporate clients, plus co-working subsidiary DevX.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 6 | 6 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 28 | 27 | 22 | 30 | 44 | 57 | 118 | 98 |
| Borrowings | 11 | 11 | 10 | 7 | 15 | 20 | 24 | 31 |
| Other Liabilities | 14 | 18 | 24 | 19 | 25 | 34 | 55 | 49 |
| Total Liabilities | 58 | 62 | 66 | 68 | 95 | 122 | 207 | 189 |
| AssetsFixed Assets | 12 | 10 | 10 | 14 | 22 | 23 | 34 | 27 |
| CWIP | 0 | 0 | 1 | 1 | 3 | 4 | 0 | 0 |
| Investments | 5 | 4 | 3 | 3 | 3 | 4 | 79 | 48 |
| Other Assets | 41 | 47 | 53 | 49 | 67 | 92 | 94 | 114 |
| Total Assets | 58 | 62 | 66 | 68 | 95 | 122 | 207 | 189 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 7 | 5 | 6 | 5 | -2 | -1 | -9 | -2 |
| Cash from Investing | -7 | -7 | 0 | -2 | -1 | -2 | 9 | -1 |
| Cash from Financing | 0 | 1 | -1 | -2 | -4 | 4 | -2 | 7 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | 2 | 5 | 3 | -7 | -3 | -13 | -5 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
DEVIT · CYCLICAL_UNMODELABLE
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