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Dev Accelerator share price & results

Dev Accelerator Limited· Services

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Tier-2-focused flexible workspace operator running managed offices and co-working centers across India, with in-house interior fit-out (Needle & Thread) and workspace-tech/HR services (SaaSjoy) arms.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue53.8 ₹ crore−3.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin56.3 %+8.9 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit1.5 ₹ crore+971.4% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity10.48 %+1.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-3.54 %−55.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)9.17 %−5.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 6 judged targets kept · 5 open · verdicts reflect calls analysed to Q1 FY27.

Dev Accelerator Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (2 achieved, 4 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
Pune Center LaunchExpecting the revenues to start from mid of March towards the end of March.
Call transcript, Q2 FY26 · 12 Nov 2025		Q2 FY26Q1 FY27:No specific mention of the Pune center launch or its revenue contribution in the Q1 FY27 report or call, despite the previous expectation of it contributing in H1 FY27.
Call transcript, Q1 FY27 · 13 Aug 2026		Ghosted
FY27 Consolidated RevenueBy March 2027, we are looking to close the books anywhere between INR330 crores to INR350 crores, consolidated level.
Call transcript, Q2 FY26 · 12 Nov 2025		Q2 FY26Q1 FY27:Q1 revenue was ₹53.8 crores. While the annualized run-rate is below guidance, management had previously indicated a back-ended year with significant ramp-up from new centers. The guidance was not reiterated this quarter.
Call transcript, Q1 FY27 · 13 Aug 2026		On Track
FY26 Total RevenueAnywhere between INR220 crores to INR250 crores is what we will be achieving this year.
Call transcript, Q2 FY26 · 12 Nov 2025		Q2 FY26Q4 FY26:FY26 Consolidated Revenue reported at ₹226 crores, which is within the guided range of ₹220-250 crores.
Call transcript, Q4 FY26 · 20 May 2026		Achieved

Source: Inve Guidance Tracker for Dev Accelerator Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Dev Accelerator Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹42.17 +7.74% · +₹3.03

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −6.4% 1Y

₹30.0₹35.0₹40.0₹45.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 20 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹45.03 on 24 Oct 2025 → ₹42.17. High ₹47.48 (24 Nov 2025), low ₹30.82 (30 Mar 2026).

Previous close
₹39.14
Market cap
₹397 Cr
52-week range
₹30.82 – ₹47.48
One year
−3.04%
Price to earnings (TTM to Jun 2026)
32.51×
Return on equity (TTM to Jun 2026)
10.48%

Overview

Symbol
NSE:DEVX
Sector
Services
Exchange
NSE
Currency
INR

What Dev Accelerator Limited does

Based on the company's own presentations, annual report and earnings calls.

Dev Accelerator Limited (DevX) leases and operates managed office and co-working centers for enterprises, GCCs, startups and MNCs, concentrated in India's Tier-2 cities. It builds out space under a mix of straight-lease, landlord-furnished, revenue-share, OpCo-PropCo and development-management arrangements. Its subsidiary Needle & Thread designs and executes interior fit-outs for DevX and external clients, while SaaSjoy Solutions provides recruitment, payroll, HRMS and IT/ITes services to workspace clients.

Segments

  • Managed Space Services
  • Co-working Space
  • Designing & Execution (Needle & Thread)
  • Payroll Management Service
  • IT/ITes Services
  • Facility Management & Other Services
Operational centers
28 (across 12 cities)
Total seats
13,304 (12,015 occupied)
Occupancy rate
90.31% (peak levels)
Operational area (AUM)
0.83 Mn Sq.ft.
Cities present
12
Clients served
335
Founded 2017Headquarters Ahmedabad, Gujarat Company website

How the price took the results

close before → close after

Q1 FY27
−3.8%
13 Aug
Q4 FY26
−2.1%
20 May
Q3 FY26
−3.3%
2 Feb
Q2 FY26
−0.4%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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