Dev Accelerator (NSE:DEVX) Operating Income: ₹385 Mil (TTM As of Mar. 2026)


NSE:DEVX Dev Accelerator Ltd NSE:DEVX
22 GF Score
Price ₹34.85
! 4 Warning Signs
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What is Dev Accelerator Operating Income?

Dev Accelerator NSE:DEVX -2.84% 22 Operating Income is ₹385 Mil as of Mar. 2026. GuruFocus rates NSE:DEVX with a GF Score™ of 22/100. The stock has 4 warning signs investors should review.

Dev Accelerator's Operating Income for the three months ended in Mar. 2026 was ₹179 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹385 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dev Accelerator's Operating Income for the three months ended in Mar. 2026 was ₹179 Mil. Dev Accelerator's Revenue for the three months ended in Mar. 2026 was ₹593 Mil. Therefore, Dev Accelerator's Operating Margin % for the quarter that ended in Mar. 2026 was 30.19%.

Dev Accelerator's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dev Accelerator's annualized ROC % for the quarter that ended in Mar. 2026 was 9.59%. Dev Accelerator's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.41%.

Dev Accelerator  (NSE:DEVX) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Dev Accelerator's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=715.592 * ( 1 - 24.15% )/( (0 + 5660.73)/ 1 )
=542.776532/5660.73
=9.59 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6439.819 - 367.334 - ( 562.631 - max(0, 1554.008 - 1965.763+562.631))
=5660.73

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Dev Accelerator's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=831.224/( ( (0 + max(0, 0)) + (3269.599 + max(439.721, 0)) )/ 1 )
=831.224/( ( 0 + 3709.32 )/ 1 )
=831.224/3709.32
=22.41 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(272.934 + 0 + 619.678) - (367.334 + 0 + 85.557)
=439.721

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Dev Accelerator's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=178.898/592.596
=30.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Dev Accelerator Operating Income Related Terms

Dev Accelerator Operating Income Historical Data

* Premium members only.

The historical data trend for Dev Accelerator's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dev Accelerator Operating Income Chart

Dev Accelerator Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
-13.31 -2.92 196.71 282.79 504.13

Dev Accelerator Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only 108.22 148.52 116.31 90.05 178.90
NSE:DEVX
22GF Score
Dev Accelerator Ltd NSE:DEVX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dev Accelerator Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹385 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹385 Mil mean?
Dev Accelerator (NSE:DEVX) has a Operating Income of ₹385 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dev Accelerator and its competitors.
Is Dev Accelerator's Operating Income too high?
Dev Accelerator's current Operating Income is ₹385 Mil. Overall, Dev Accelerator has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Dev Accelerator's Operating Income compare to CBRE and BEKE?
Dev Accelerator's Operating Income of ₹385 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Real Estate company?
A good Operating Income depends on the Real Estate industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dev Accelerator and its competitors. Dev Accelerator's current Operating Income is ₹385 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Accelerator stock overvalued right now?
Dev Accelerator (NSE:DEVX) has a current Operating Income of ₹385 Mil. The current Operating Income is ₹385 Mil. Dev Accelerator's overall GF Score™ is 22/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Dev Accelerator (NSE:DEVX), the current Operating Income is ₹385 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Dev Accelerator Business Description

Other Exchanges 544513:India
Address Near Shivalik High-Street, A - 1101, B - 1101, The First, Behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Dev Accelerator Ltd is one of the flex space operators. Its comprehensive office space solutions include sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. Its clientele comprises of large corporates, MNCs and SMEs, to whom the company 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. The flexible workspace solutions provided by the company at its Centers are divided in the following segments: Managed office spaces, Coworking spaces, Design and execution services, Payroll management services, Facility management services, and IT/ITes services.
22GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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