Dev Accelerator
- Market cap
- ₹ 373 Cr.
- P/E
- 32.9x
- P/B
- 2.04x
- 52-week range
- 29.95 – 50.28
- ROE
- 7%
- ROCE
- 12%
- Dividend yield
- 0%
- Debt / equity
- 2
- Sector
- Commercial Services & Supplies
- Industry
- Diversified Commercial Services
- Listed on
- NSE, BSE
About
Dev Accelerator Limited is an India-based flex space operator. The Company’s comprehensive office space solutions include sourcing office spaces, customizing designs, developing spaces and providing technology solutions to provide complete asset management. Its primary focus is on serving large corporates by offering managed office solutions. It serves over 230 clients and 25 Centers across 11 cities in India, with 13,140 seats covering a total area under management of 806,635 square feet. Its clientele comprises large corporates, MNCs and SMEs, to whom it offers a variety of flexible office space solutions, such as managed office spaces and coworking spaces, as well as design and execution services through its subsidiary, Neddle and Thread Designs LLP. The Company has operations across 11 cities, including Delhi NCR, Hyderabad, Mumbai, Pune, Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Rajkot and Vadodara.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Diversified Commercial Services: 149 companies →Dev Accelerator against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)32.9 against a typical 19.8: pricier than most peers (1st = cheapest).81st of 139
- Sales growth−3.3% against a typical +14.1% from a year earlier.81st of 115
- Profit growth+971.4% against a typical +3.4% from a year earlier.3rd of 85
- Share price, 3 months+17.1% against a typical −8.9%.18th of 121
- Size₹ 373 Cr. market value against a typical ₹ 68.8 Cr. (1st = largest).29th of 128
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by Acuite- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE BBB | Stable | 8 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Oct 2026 | Reaffirmed | ACUITE BBB | — | Acuite | ₹ 100 Cr. | |
| 16 Jul 2026 | New rating | ACUITE BBB | — | Acuite | ₹ 100 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results/Fund Raising | to consider and approve 1. the Unaudited Financial Results (Standalone And Consolidated) For The Quarter and Half year Ended September 30, 2026, Along With The Limited Review Report and 2. the proposal for raising of funds by way of issuance of non-convertible debentures on a private placement basis, within the existing borrowings limits of the Company under section 180(1)(c) of the Companies Act, 2013, in accordance with the applicable provisions of the Companies Act, 2013 and Rules framed thereunder and the applicable SEBI Regulations. |
| 12 Aug 2026 | Financial Results | to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report thereon. |
| 19 May 2026 | Financial Results/Fund Raising | to consider and approve 1. the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2026 along with Auditor's Report thereon and 2. the proposal for raising of funds by way of issuance of non-convertible debentures on a private placement basis in accordance with the provisions of the Companies Act, 2013 and Rules framed thereunder and applicable SEBI Regulations |
| 24 Mar 2026 | Fund Raising | To consider Fund Raising |
| 31 Jan 2026 | Financial Results | to consider and approve The Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended December 31, 2025, Along With The Limited Review Report |
| 11 Nov 2025 | Financial Results | to consider and approve The Unaudited Financial Results (Standalone And Consolidated) For The Quarter and Half year Ended September 30, 2025, Along With The Limited Review Report. |
| 7 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 25 | 34 | 50 | 65 | 56 | 52 | 59 | 59 | 54 |
| Expenses | 11 | 16 | 26 | 34 | 29 | 25 | 35 | 27 | 23 |
| Operating Profit | 14 | 18 | 24 | 31 | 26 | 26 | 24 | 32 | 30 |
| OPM % | 56.2% | 52.6% | 48.4% | 47.9% | 47.4% | 51% | 40.4% | 54.8% | 56.3% |
| Other Income | 0 | 14 | 2 | 3 | 1 | 3 | 3 | 3 | 3 |
| Interest | 9 | 11 | 12 | 15 | 12 | 13 | 9 | 10 | 14 |
| Depreciation | 11 | 14 | 13 | 17 | 15 | 15 | 15 | 15 | 18 |
| Profit before tax | −6 | 7 | 1 | 3 | 1 | 2 | 3 | 11 | 2 |
| Tax % | 5.5% | 6% | 13.6% | 16.6% | 85.1% | −3.6% | 139.3% | 24.1% | 4.5% |
| Net Profit | −6 | 6 | 1 | 2 | 0 | 2 | −1 | 8 | 2 |
| EPS in Rs | −4,294.96 | 0.93 | 0.1 | 0.31 | 0.02 | 0.2 | −0.11 | 0.88 | 0.16 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 48%
- TTM
- 9%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 39%
- TTM
- 26%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Dev Accelerator | ₹ 40.02 | ₹ 373 Cr. | 32.9x | 2x | 7% | — |
| Delhivery | ₹ 370.00 | ₹ 27,724 Cr. | 226x | 3.8x | 1.6% | 1.5% |
| Urban Company | ₹ 132.65 | ₹ 20,457 Cr. | — | 8.9x | −11.9% | −15.1% |
| Indegene | ₹ 570.00 | ₹ 13,763 Cr. | 29.5x | 3.9x | 13.9% | 11.4% |
| BLS International Services | ₹ 208.70 | ₹ 8,593 Cr. | 14.2x | 3.9x | 32.7% | 24.1% |
| Axiscades Technologies | ₹ 1,915.00 | ₹ 8,154 Cr. | 83.3x | 9.1x | 10.5% | 6.2% |
Management
- Parth Naimeshbhai Shah
- Executive Chairman
- Parthiv Panchal
- Joint Chief Financial Officer
- Parin Shah
- Joint Chief Financial Officer
- Anjan Pareshkumar Trivedi
- Company Secretary, Compliance Officer
- Umesh Satishkumar Uttamchandani
- Managing Director, Executive Director
- Rushit Shardulkumar Shah
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.