DEVL—55

Dev Labtech Venture Ltd

Apparel & AccessoriesVerified

Score breakdown

Profitability+20Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile25Conclusion95AI synthesis40Observations3

Dev Labtech Venture Ltd maintains a strong liquidity position with a current ratio of 29.54, indicating a significant excess of current assets over current liabilities. However, the company's operating cash flow is negative at -130.65 million INR, which contrasts with a free cash flow of 14.16 million INR, suggesting that capital expenditures are partially offsetting operational cash outflows [doc:HA-latest]. Profitability metrics show a return on equity of 3.14% and a return on assets of 2.96%, both below the typical thresholds for high-performing firms in the Apparel & Accessories industry. The company's operating income of 19.62 million INR and net income of 12.94 million INR indicate modest profitability relative to its revenue of 524.14 million INR [doc:HA-latest]. The company's revenue is concentrated within a single business segment, as disclosed segments are not provided in the input data. There is no geographic breakdown of revenue, but the company's exposure is likely concentrated in its domestic market given the lack of international revenue details [doc:HA-latest]. Looking ahead, the company's growth trajectory is uncertain. The input data does not provide specific numeric deltas for the current or next fiscal year, but the modest net income and negative operating cash flow suggest that growth may be constrained without significant operational improvements or external financing [doc:HA-latest]. Risk factors include a medium liquidity risk, as the company has a negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no immediate pressure for share issuance. However, the negative operating cash flow and modest profitability could necessitate future financing, potentially leading to dilution [doc:HA-latest]. Recent events, such as filings and transcripts, are not detailed in the input data, so no specific recent developments can be cited. The company's financial health and strategic direction will depend on its ability to improve cash flow and expand profitability [doc:HA-latest].

Profile

CompanyDev Labtech Venture Ltd

TickerDEVL.BO

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryApparel & Accessories

AI analysis

Business. Dev Labtech Venture Ltd operates in the Apparel & Accessories industry, manufacturing and selling consumer goods within the Consumer Cyclicals sector [doc:verified_market_data].

Classification. The company is classified under the industry Apparel & Accessories, within the Cyclical Consumer Products business sector and Consumer Cyclicals economic sector, with a confidence level of 0.92 [doc:verified_market_data].

Key takeaways

Dev Labtech Venture Ltd has a strong current ratio but faces a negative operating cash flow.
The company's return on equity and return on assets are below typical thresholds for the Apparel & Accessories industry.
Revenue concentration within a single segment and lack of geographic diversification pose potential risks.
Growth is constrained by modest profitability and negative operating cash flow.
Liquidity risk is medium, and dilution risk is low, but future financing could lead to dilution.
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Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$524.1M

Gross profit$111.0M

Operating income$19.6M

Net income$12.9M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$130.6M

CapEx-$9.9M

Free cash flow$14.2M

Total assets$437.8M

Total liabilities$26.1M

Total equity$411.7M

Cash & equivalents$673.0k

Long-term debt$10.7M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$524.1M$19.6M$12.9M$14.2M

FY-1$432.2M$19.4M$13.4M$4.8M

FY-2$303.4M$13.6M$10.2M-$28.1M

FY-3$269.8M$6.1M$4.9M$5.6M

FY-4$122.4M$1.7M$365.0k$1.3M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$437.8M$411.7M$673.0k—

FY-1$286.7M$257.8M$1.7M—

FY-2$237.2M$188.8M$58.1M—

FY-3$89.4M$20.3M$669.0k—

FY-4$71.4M$14.8M$286.0k—

PeriodOCFCapExFCFSBC

FY0-$130.6M-$9.9M$14.2M—

FY-1-$92.8M-$17.9M$4.8M—

FY-2-$57.2M-$43.9M-$28.1M—

FY-3$3.6M-$170.0k$5.6M—

FY-4-$786.0k-$93.0k$1.3M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

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PeriodGross %Op %Net %FCF %

FQ0————

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PeriodAssetsEquityCashDebt

FQ0————

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PeriodOCFCapExFCFSBC

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$411.7M

Net cash-$10.0M

Current ratio29.5

Debt/Equity0.0

ROA3.0%

ROE3.1%

Cash conversion-10.1%

CapEx/Revenue-1.9%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Apparel & Accessories · cohort 2 companies

MetricDEVLActivity

Op margin3.7%6.6% medp25 4.6% · p75 8.7%bottom quartile

Net margin2.5%3.7% medp25 2.0% · p75 5.5%below median

Gross margin21.2%57.5% medp25 57.5% · p75 57.5%bottom quartile

CapEx / revenue-1.9%1.1% medp25 0.9% · p75 1.4%bottom quartile

Debt / equity3.0%124.3% medp25 86.1% · p75 162.6%bottom quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-05 00:03 UTC#9926f65b

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 00:04 UTCJob: 89fd3179