What is Dev Accelerator Ltd revenue growth outlook?

Dev Accelerator Ltd operates in the Commercial Services & Supplies sector and has a current market cap of ₹384 Cr and P/E ratio of 33.31. For detailed revenue growth insights derived from the latest earnings call, visit the Dev Accelerator Ltd analysis page on Arthneeti AI.

What is Dev Accelerator Ltd current stock price?

Dev Accelerator Ltd current market price is ₹40.55. The stock trades at a P/E ratio of 33.31 with a market capitalisation of ₹384 Cr.

How does Arthneeti AI analyse Dev Accelerator Ltd?

Arthneeti AI uses natural language processing to analyse Dev Accelerator Ltd's earnings call transcripts and extract key insights on revenue growth, margins, capex plans, and fundraising activity. The analysis covers management commentary, forward guidance, and competitive positioning within the Commercial Services & Supplies sector.

Dev Accelerator Q1 FY27 Share Price & Earnings Call Analysis

₹40.55+1.25% today

Market cap: ₹384 Cr
P/E: 33.31
ROE: 6.60%
PEG: 0.88
Price to sales: 1.72
Debt to equity: 2.05
52W high / low: ₹47.5 / ₹30.8
EBITDA margin: 50.47%
Net profit margin: 3.42%
Promoter holding: 35.08%
Sales (last year): ₹224 Cr

All 11 ratios ↓

Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments[1]

Guidance scorecard · Q1 FY27 call

What Dev Accelerator Ltd's management guided
and where it ranks in Commercial Services & Supplies

#17of 37 in
Commercial Services & Supplies

Revenue20–40%MarginsFlat CapexPlanned FundraisingPlanned Order bookRising

RevenueQ1 FY27 call

20–40%

Dev Accelerator’s operational portfolio has grown to 1.13 million sq. ft. with signed pipeline of 2.38 million sq. ft. and an additional 0.19 million sq. ft. under fit-out, totaling about 3.63 million sq. ft. across 40 centers.
Occupancy improved to 91.93%; enterprise clients contribute ~70% of revenue.
Future growth driven by converting signed assets into operational centers, focusing on Tier 2 cities with 80% portfolio there.
New developments like the 8.6 lakh sq. ft. project in Ahmedabad expected to generate ~INR 120 crores once operational.
Expansion plans include replicating successful models across multiple micro markets in India.

2 more points from Dev Accelerator Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

Dev Accelerator Limited expects significant future growth driven by a large signed pipeline of 2.31 million square feet and 0.19 million square feet under fit-out, leading to a total identified portfolio of approximately 3.63 million square feet.
Expansion into multiple Tier 2 cities with a focus on disciplined scaling and strong center-level economics is planned.
The Capital One asset in Ahmedabad, with 95% pre-leased capacity, is expected to generate around INR 120 crore in revenue post fit-out and commencement of operations.
The company aims to deepen relationships with enterprise and GCC clients and expand service offerings (facility management, payroll, talent sourcing).
Technology initiatives, including AI infrastructure and real estate ecosystem development, are expected to drive operational efficiency and revenue growth.

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Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned

INR 118 crore investment in fit-outs across existing assets.
Additional capital deposited for 2.3 million square feet of future asset take-up, including refurbishment.
Approximately INR 100 crore fresh investment planned for fit-outs in an 8.6 lakh square feet development management project in Ahmedabad (Capital One pipeline).
The company is deploying IPO funds into properties under construction aimed for handover and operation to generate revenue.
Expansion strategy includes scaling signed assets (2.31 million sq ft signed pipeline) and developing approximately 1.4 million sq ft through development management agreements without land ownership.
Plans to build a tokenization platform outside India to access global capital for expansion and technology initiatives.

2 more points from Dev Accelerator Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

Dev Accelerator Limited raised INR 100 crores through senior, listed, secured, redeemable, non-convertible debt (NCD) after Q1 FY27, with a coupon of 11.75% per annum and a 36-month tenure. This will reflect in financials from Q2 onwards.
The company repaid approximately INR 55 crores of existing debt alongside the new debt raise.
Promoters infused capital through preferential warrants; upon conversion of 33,33,330 equity shares, promoter holding will increase from 36.81% to approximately 37.29%.
The company is in the process of building a tokenization platform outside India to access global capital pools; incorporation and legal processes are underway to enable new fundraising options.

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Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising

Dev Accelerator Limited has a signed pipeline of approximately 2.38 million square feet beyond the current operational portfolio of 1.13 million square feet.
There is an additional 0.19 million square feet under fit-out.
Total identified portfolio including signed and under fit-out spaces is about 3.63 million square feet across 40 centers.
Operational seats currently stand at over 17,000 with more than 52,000 signed seats in the pipeline.
In Ahmedabad alone, 8.6 lakh (860,000) square feet are under development management, with plans to invest roughly INR 100 crores in fit-outs once handed over.

2 more points from Dev Accelerator Ltd's call on the order book

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Full Q1 FY27 analysis

Full Commercial Services & Supplies ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Commercial Services & Supplies
on management's own guidance

See all potential multibaggers Where does Dev Accelerator Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Commercial Services & Supplies companies ranked on guidance

#	Revenue guided	Margin guided	Market cap	P/E
1	40%+	Up 2%+	₹2,470 Cr	162.7
2	40%+	Up 2%+	₹41 Cr	6.6
3	40%+	Flat	₹556 Cr	40.0
4	40%+	Flat	₹102 Cr	10.4
5	20–40%	Up 2%+	₹3,473 Cr	40.9
6	20–40%	Up 0–2%	₹872 Cr	13.3

Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies ranking

Financials of Dev Accelerator Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.