Dev Information Technology (NSE:DEVIT) 3-Year ROIIC % : -4.44% (As of Mar. 2026)


NSE:DEVIT Dev Information Technology Ltd NSE:DEVIT
74 GF Score
Price ₹28.51
GF Value ₹56.68
Valuation Possible Value Trap
! 4 Warning Signs
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What is Dev Information Technology 3-Year ROIIC %?

Dev Information Technology NSE:DEVIT +11.24% 74 3-Year ROIIC % is -4.44 as of Mar. 2026. GuruFocus rates NSE:DEVIT with a GF Score™ of 74/100 and a GF Value™ of ₹56.68 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,627 Software companies, Dev Information Technology ranks worse than 66.16% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Dev Information Technology's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -4.44%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Dev Information Technology's 3-Year ROIIC % or its related term are showing as below:

NSE:DEVIT's 3-Year ROIIC % is ranked worse than
66.16% of 2627 companies
in the Software industry
Industry Median: 5.25 vs NSE:DEVIT: -4.44

Dev Information Technology  (NSE:DEVIT) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Dev Information Technology 3-Year ROIIC % Related Terms


Dev Information Technology 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Dev Information Technology's 3-Year ROIIC % 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 Information Technology 3-Year ROIIC % Chart

Dev Information Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 30.06 0.00 0.00 -4.44

Dev Information Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -4.44

NSE:DEVIT vs IBM, ACN, FISV: 3-Year ROIIC % Comparison

For the Information Technology Services subindustry, Dev Information Technology's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 Information Technology 3-Year ROIIC % vs Software Industry

For the Software industry and Technology sector, Dev Information Technology's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Dev Information Technology's 3-Year ROIIC % falls into.


NSE:DEVIT
74GF Score
Dev Information Technology Ltd NSE:DEVIT
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dev Information Technology 3-Year ROIIC % Calculation

Dev Information Technology's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( -0.2776692 (Mar. 2026) - 48.2787402 (Mar. 2023) )/( 1565.29 (Mar. 2026) - 471.896 (Mar. 2023) )
=-48.5564094/1093.394
=-4.44%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -4.44 mean?
Dev Information Technology (NSE:DEVIT) has a 3-Year ROIIC % of -4.44 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dev Information Technology and its competitors. According to the industry distribution chart, Dev Information Technology ranks #1738 out of 2627 companies in the Software industry, placing it in the top 66.2%.
Is Dev Information Technology's 3-Year ROIIC % too high?
Dev Information Technology's current 3-Year ROIIC % is -4.44. Based on the distribution chart, Dev Information Technology ranks #1738 out of 2627 companies in the Software industry, which is below the industry midpoint. Overall, Dev Information Technology has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dev Information Technology's 3-Year ROIIC % compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #1738 out of 2627 companies for 3-Year ROIIC %. This places Dev Information Technology in the lower half of its industry. The industry median 3-Year ROIIC % is 5.25. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Software company?
The median 3-Year ROIIC % among Software companies is 5.25, based on 2,627 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dev Information Technology and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Information Technology's current 3-Year ROIIC % is -4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Dev Information Technology (NSE:DEVIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹56.68, compared to a current price of ₹28.51 — trading 49.7% below its estimated fair value. The current 3-Year ROIIC % is -4.44. Dev Information Technology's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Dev Information Technology (NSE:DEVIT), the current 3-Year ROIIC % is -4.44 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.

Is Dev Information Technology (NSE:DEVIT) Overvalued in 2026?

Based on GuruFocus' analysis, Dev Information Technology stock appears to be undervalued. The current stock price of ₹28.51 is trading 49.7% below its estimated GF Value™ of ₹56.68. GuruFocus considers Dev Information Technology to be Possible Value Trap.

Key valuation signals for NSE:DEVIT:

  • 3-Year ROIIC %: -4.44
  • GF Value™: ₹56.68 vs. price of ₹28.51 (49.7% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the NSE:DEVIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dev Information Technology Business Description

Other Exchanges 543462:India
Address Thaltej - Shilaj Road, 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej, Ahmedabad, GJ, IND, 380059
Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services and licensing among others. It operates in a single segment being IT and IT enabled services.
74GF Score

Get the complete analysis for NSE:DEVIT

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹28.51
Price
₹56.68
GF Value