Share price
₹42.13 latest close · +20.9% over the last 90 sessions
₹42.13 month-end · −6.8% over 12 months
₹42.13 month-end · −18.7% since Sep '25
52-week range ₹29.95 to ₹50.28 · 1-year volatility 45.2%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 18 points, while the multiple moved less (P/E 33.2x to 37.3x).
- The share count rose 34%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-51.9% (2025-09 peak to 2026-03 low, not yet recovered)
Where does it rank among Commercial Services peers?
Each cell is the company's percentile rank among its Commercial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE38thflat vs a year ago
- Op. margin96thflat vs a year ago
- Revenue growth39th
- EPS growth27th
- Debt/equity ↓4thflat vs a year ago
- Cash cycle ↓80th▲ 38 pts vs a year ago
- P/E ↓15th▼ 21 pts vs a year ago
- 12M momentum68th
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Commercial Services sector page Watch it move against Commercial Services in the Observatory
What is the price implying?
At a P/E of 37.3x, the price would imply about 22.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Commercial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹42.13
- P/E
- 37.3x
- ROCE
- 12.0%
- Market Cap
- ₹398 cr
- Revenue (TTM)
- ₹224 cr
- P/S
- 1.8x
- P/B
- 2.2x
- ROE
- 5.9%
- Operating Margin
- 56.3%
- Debt / Equity
- 2.1x
- Promoter Holding
- 35.1%
- 12M Momentum
- -6.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance70%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 70.2%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate24%Within range
Median quarterly effective tax rate over about 2.5 years: 24.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion17.45xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 17.45x (cash from operations ₹192 cr, net profit ₹11 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress27% of fixed assetsWithin range
Capital work-in-progress is 27% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Since Sep 2025, DIIs trimmed 3.0 pts; FIIs trimmed 2.0 pts; promoters trimmed 1.7 pts.
- The number of shareholders fell from 25,216 to 19,078 (-24%) between Sep 2025 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like DEV ACCELERATOR LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −25% to +65% vs the market, against +1% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +16.8%, 80% range +2.3% to +36.1%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| PAVNAIND Producer Manufacturing |
May 2024 | 79x | 11% | +79% | −10% | −31% |
| ARIHANTSUP Finance |
Feb 2021 | 29x | 9% | +59% | −8% | +254% |
| STEELXIND Non-Energy Minerals |
Oct 2025 | 36x | — | −15% | −17% | +4% |
| KHADIM Consumer Non-Durables |
Oct 2023 | 40x | 10% | +37% | −4% | −31% |
| TI Consumer Non-Durables |
Oct 2022 | 33x | 13% | +35% | −13% | +106% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| BFUTILITIE Industrial Services |
Nov 2022 | 30x | 16% | +10% | −13% | +43% |
| GOACARBON Process Industries |
Apr 2022 | 53x | 9% | +67% | −11% | −7% |
| BIRLAMONEY Finance |
Jul 2020 | 20x | — | −4% | −20% | +34% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, ROCE and drawdown from 12-month high. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
4 events since Mar '26
- SepDebtDebt / equity halved over 12 months to 2.05x.
- SepSharesShare count is up 38.5% over 12 months.
- JunInstitutionsFII + DII holding fell 4.0 pts over 2 quarters to 6.4%.
- MarPriceFell 52% from the Sep 2025 peak to the Mar 2026 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history15 months · 2025-09 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 37.3x | ₹224 cr | 5.9% | 12.0% | 2.1x |
| 2026-10 | 37.2x | ₹224 cr | 5.9% | 12.0% | 2.1x |
| 2026-09 | 31.9x | ₹224 cr | 5.9% | 12.0% | 2.1x |
| 2026-08 | 34.3x | ₹226 cr | 5.1% | 12.0% | 2.1x |
| 2026-07 | 34.3x | ₹226 cr | 5.1% | 12.0% | 2.1x |
| 2026-06 | 36.1x | ₹226 cr | 5.1% | 12.0% | 2.1x |
| 2026-05 | 90.3x | ₹232 cr | 5.6% | 12.0% | 7.6x |
| 2026-04 | 101.3x | ₹232 cr | 5.6% | 12.0% | 7.6x |
| 2026-03 | 73.4x | ₹232 cr | 5.6% | 12.0% | 7.6x |
| 2026-02 | 68.4x | ₹223 cr | 8.4% | 12.0% | 7.6x |
| 2026-01 | 60.7x | ₹223 cr | 8.4% | 12.0% | 7.6x |
| 2025-12 | 65.5x | ₹223 cr | 8.4% | 12.0% | 7.6x |
| 2025-11 | 33.2x | ₹205 cr | 18.9% | 12.0% | 7.6x |
| 2025-10 | 32.3x | ₹205 cr | 18.9% | 12.0% | 7.6x |
| 2025-09 | 38.1x | ₹205 cr | 18.9% | 12.0% | 7.6x |