Dev Accele.

BSE: DEVX · Diversified Commercial Services

52W Range₹30 ₹64

Snapshot

Unlock Dev Accele.'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.

Price

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Peers · Diversified Commercial Services

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Dev Accele.DEVX
33230.803.8352.6%4.8%12.3%
Sobhagya MercantSOBME
65932.4117.5352.6%15.2%20.4%32.2%+59.3%
South West Pinn.SOUTHWEST
63616.1510.4354.4%25.8%22.7%30.4%+48.3%
PTL EnterprisesPTL
49211.447.770.0%106.1%5.4%6.3%-3.6%
Radiant CashRADIANTCMS
38212.626.930.5%12.7%10.2%14.1%-37.2%
Mizzen VenturesMIZVEN
361194.79185.8376.2%2.2%3.7%

As of Q4 FY26

Financials