Dev Accelerator Limited
BSE: DEVX · Diversified Commercial Services
Snapshot
Unlock Dev Accelerator Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Dev Accelerator Limited (DevX) is a diversified commercial services provider specialising in flexible office spaces and co-working environments. The company also offers integrated business solutions, including design and execution services, payroll management, and IT/ITeS support.
Business Model
DevX generates revenue through the leasing and management of flexible office spaces, complemented by service-based income from its design, facility management, and IT solution subsidiaries.
Growth Outlook
The company is positioned to leverage the rising demand for flexible workspace solutions, particularly within Tier-2 markets in India. Expansion is supported by its diversified service portfolio which provides end-to-end business infrastructure support.
Key Risks
- Market Saturation. Increased competition in the co-working sector may lead to margin compression and pricing pressure.
- Occupancy Risk. Fluctuations in demand for physical office space due to hybrid work trends could impact recurring rental income.
- Operational Costs. Rising real estate lease costs and maintenance expenses in Tier-2 cities may affect overall profitability.
- Economic Sensitivity. As a provider of business services, the company is susceptible to downturns in the broader SME and corporate sectors.
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Key Metrics
P/E
36.0×
Q1 FY27 · consolidated
EV/EBITDA
4.4x
Q1 FY27 · consolidated
NET PROFIT MARGIN
2.8%
Q1 FY27 · consolidated
Peers · Diversified Commercial Services
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Dev Accelerator LimitedDEVX | ₹426 Cr | 36.0× | 4.42 | — | 55.5% | 5.5% | 12.8% | +1.1% |
PTL EnterprisesPTL | ₹522 Cr | 11.4× | 7.73 | 0.0% | 105.2% | 5.4% | 6.3% | -0.9% |
Trishakti Industries LimitedTRISHAKT | ₹508 Cr | 34.3× | 15.78 | 227.9% | 78.5% | 30.6% | 18.4% | +111.1% |
Majestic AutoMAJESAUT | ₹393 Cr | 4.1× | 6.06 | -68.6% | 249.8% | 15.2% | 18.4% | +11.3% |
Kalind LtdKALIND | ₹360 Cr | 0.6× | 5.85 | 644.3% | 62.3% | 37.8% | 49.0% | -95.8% |
Radiant Cash Management Services LimitedRADIANTCMS | ₹352 Cr | 11.2× | 5.89 | 1.8% | 12.5% | 10.0% | 14.0% | -36.7% |
As of Q1 FY27
Financials
Dev Accelerator Limited
BSE: DEVX · Diversified Commercial Services
Snapshot
Unlock Dev Accelerator Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Dev Accelerator Limited (DevX) is a diversified commercial services provider specialising in flexible office spaces and co-working environments. The company also offers integrated business solutions, including design and execution services, payroll management, and IT/ITeS support.
Business Model
DevX generates revenue through the leasing and management of flexible office spaces, complemented by service-based income from its design, facility management, and IT solution subsidiaries.
Growth Outlook
The company is positioned to leverage the rising demand for flexible workspace solutions, particularly within Tier-2 markets in India. Expansion is supported by its diversified service portfolio which provides end-to-end business infrastructure support.
Key Risks
- Market Saturation. Increased competition in the co-working sector may lead to margin compression and pricing pressure.
- Occupancy Risk. Fluctuations in demand for physical office space due to hybrid work trends could impact recurring rental income.
- Operational Costs. Rising real estate lease costs and maintenance expenses in Tier-2 cities may affect overall profitability.
- Economic Sensitivity. As a provider of business services, the company is susceptible to downturns in the broader SME and corporate sectors.
Start your research today
Unlock AI insights, financials, peers and live data on Dev Accelerator Limited and 5,000+ companies — free.
Key Metrics
P/E
36.0x
Q1 FY27 · consolidated
EV/EBITDA
4.4x
Q1 FY27 · consolidated
NET PROFIT MARGIN
2.8%
Q1 FY27 · consolidated
Peers · Diversified Commercial Services
As of Q1 FY27