Dev Accelerator (NSE:DEVX) Financial Strength: 3 (As of Mar. 2026) — Near Median

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NSE:DEVX Dev Accelerator Ltd NSE:DEVX
10 GF Score
Price ₹33.94
! 4 Warning Signs
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What is Dev Accelerator Financial Strength?

Dev Accelerator NSE:DEVX -0.79% 10 Financial Strength is 3 as of Mar. 2026, which is at its 10-year median of 3.00. GuruFocus rates NSE:DEVX with a GF Score™ of 10/100. The stock has 4 warning signs investors should review.

Dev Accelerator has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Dev Accelerator Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Dev Accelerator's Interest Coverage for the quarter that ended in Mar. 2026 was 1.74. Dev Accelerator's debt to revenue ratio for the quarter that ended in Mar. 2026 was 1.56. As of today, Dev Accelerator's Altman Z-Score is 1.20.


Dev Accelerator  (NSE:DEVX) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Dev Accelerator has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Dev Accelerator Financial Strength Related Terms


NSE:DEVX vs CBRE, BEKE, JLL: Financial Strength Comparison

For the Real Estate Services subindustry, Dev Accelerator's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dev Accelerator Financial Strength vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Dev Accelerator's Financial Strength distribution charts can be found below:

* The bar in red indicates where Dev Accelerator's Financial Strength falls into.


NSE:DEVX
10GF Score
Dev Accelerator Ltd NSE:DEVX
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Dev Accelerator Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Dev Accelerator's Interest Expense for the months ended in Mar. 2026 was ₹-103 Mil. Its Operating Income for the months ended in Mar. 2026 was ₹179 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹2,603 Mil.

Dev Accelerator's Interest Coverage for the quarter that ended in Mar. 2026 is

Interest Coverage=-1*Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*178.898/-102.837
=1.74

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Dev Accelerator Ltd interest coverage is 1.2, which is low.

2. Debt to revenue ratio. The lower, the better.

Dev Accelerator's Debt to Revenue Ratio for the quarter that ended in Mar. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1101.117 + 2602.967) / 2370.384
=1.56

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Dev Accelerator has a Z-score of 1.20, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.2 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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 Financial Strength →
What does a Financial Strength of 3 mean?
Dev Accelerator (NSE:DEVX) has a Financial Strength of 3 as of Mar. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Dev Accelerator and its competitors. This is near median its historical median of 3.00. Over the past decade, Dev Accelerator's Financial Strength has ranged from 2.00 to 4.00.
Is Dev Accelerator's Financial Strength too high?
Dev Accelerator's current Financial Strength of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. Overall, Dev Accelerator has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Dev Accelerator's Financial Strength compare to CBRE and BEKE?
Dev Accelerator's Financial Strength of 3 can be compared against companies in the Real Estate industry. Historically, Dev Accelerator's own Financial Strength has ranged from 2.00 to 4.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for a Real Estate company?
A good Financial Strength depends on the Real Estate industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Dev Accelerator and its competitors. Dev Accelerator's current Financial Strength is 3, which is near median its own 10-year median of 3.00. 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 Financial Strength of 3. The current Financial Strength is 3, which is near median its 10-year median of 3.00. Dev Accelerator's overall GF Score™ is 10/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Dev Accelerator (NSE:DEVX), the current Financial Strength is 3 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.
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