Dev Labtech VentureShare price, financial results, shareholding and management
- Market cap
- ₹124 cr
- Stock P/E
- 13.0peers 12.4
- Book value
- ₹10.7
- Price to book
- 2.44
- EV / operating profit
- -
- Market cap to sales
- 0.74
- ROCE · FY26
- 21.0%
- ROE · FY26
- 20.8%
- ROE, 3-year average
- 9.7%
- Operating margin · FY26
- 6.7%peers 10.8%
- Sales growth, 3 years
- 76.6%
- Profit growth, 3 years
- 110.9%
- Debt to equity
- 0.06peers 0.32
- Borrowings
- ₹3 cr
- Interest cover
- 91.8×
- Cash from business / op. profit
- -18%
- Debtor days
- 178
- Pledged
- 0.00%
- Promoter holding
- 56.69%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 864
- 52-week high / low
- ₹34 / ₹15
- Dividend yield
- 0.00%
- Face value
- ₹5
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Dev Labtech Venture share price chart
Close on 6 Nov 2026 · +4.98% on the day · Vol 44,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +37.5%
- 3 months
- +40.3%
- 6 months
- -15.9%
- 1 year
- +73.6%
- Traded a day, 20 days
- ₹0.11 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +219% | +642% |
| 3 years, a year | +77% | +111% |
| Latest half, H2 FY26 | +258% | +1040% |
About Dev Labtech Venture: business, products and customers
Dev Labtech Venture cuts and polishes natural diamonds and also grows diamonds in its own machines, supplying them mostly to jewellery makers and diamond traders. Its shares trade on BSE SME.
Dev Labtech Venture works at Bhavnagar and Surat in Gujarat, with a marketing office in Mumbai. It takes rough natural diamonds through planning, laser sawing, shaping and polishing, and it grows lab grown diamonds from diamond seed in MPCVD machines before cutting and polishing them the same way. Its buyers are jewellery manufacturers, wholesalers and retailers, diamond traders and, for rough stones, other diamond makers; a small part of sales is exported.
This is a processing and trading business with thin margins. The company pays for rough stones or seed, holds them through weeks of growing and cutting, and earns a spread when the polished stone is sold, so sales rise with diamond prices and volumes while much of each year's money sits in stock. Until FY25 the stock pile grew faster than profit and cash from operations stayed negative, with the gap paid for by the IPO and by warrant issues to promoters and other investors.
Read more about the business
Sales jumped in FY26, and most of that year's sales and profit came in the second half. The documents that can be read here, the FY25 annual report and the 2023 prospectus, do not explain the jump, so this page shows the reported figures without a reason for them. The prospectus says no listed company is strictly comparable, and it names three promoter firms, Jay Gems, Eco Grown Diam and Eco Friendly Diam, as working in a similar line of business.
From the offer document (Prospectus, March 2023), the FY25 annual report and the reported FY26 results.
Read the deeper study ↓In its favour
- Sales have grown very fast: 77% a year over three years.
- It earns a high return on the money it uses: ROCE 21% in FY26.
- It has little debt for its size: debt to equity 0.06.
To watch
- The shareholders' vote on up to 1,37,00,000 convertible warrants for the promoter group and other investors, approved by the board on 7 October 2026: the price and who takes them.
- How much of the approved limit of ₹50 cr a year for dealings with the US subsidiary Dev Labtech Venture Inc. is used from FY26 to FY30.
- Whether Provident Fund and Employees' State Insurance dues are paid on time, after the auditor reported for FY25 that they were not deposited regularly.
- How the auditor H A R & Co. reports in future years: it was appointed in 2024 to fill the vacancy left when V Dhamsania & Associates resigned, and was then proposed for a five year term to the 2030 AGM.
- Customers take longer to pay than before: 178 days in FY26, against 70 in FY20.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Dev Labtech Venture revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.
Dev Labtech Venture half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 9.66 | 20.68 | 20.92 | 22 | 20 | 32.90 | 49.24 | 117.94 |
| Expenses | 8.64 | 19.79 | 18.82 | 22 | 18 | 31.04 | 48.28 | 107.70 |
| Operating profit | 1.02 | 0.89 | 2.10 | 1 | 1 | 1.86 | 0.97 | 10.24 |
| OPM | 10.6% | 4.3% | 10.0% | 3.5% | 6.0% | 5.7% | 2.0% | 8.7% |
| Interest | 0.05 | 0.05 | 0.07 | 0 | 0 | 0.07 | 0.04 | 0.07 |
| Depreciation | 0.27 | 0.29 | 0.46 | 0 | 0 | 0.61 | 0.56 | 0.58 |
| Profit before tax | 0.86 | 0.55 | 1.58 | 0 | 1 | 1.19 | 0.36 | 9.63 |
| Net profit | 0.57 | 0.45 | 1.31 | 0 | 0 | 0.81 | 0.34 | 9.23 |
Dev Labtech Venture profit and loss
Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 11.79 | 12.24 | 26.98 | 30.34 | 43 | 52.41 | 167.18 |
| Expenses | 11.41 | 11.96 | 26.28 | 28.43 | 40 | 49.34 | 155.97 |
| Operating profit | 0.38 | 0.28 | 0.70 | 1.91 | 3 | 3.07 | 11.21 |
| OPM | 3.2% | 2.3% | 2.6% | 6.3% | 7.0% | 5.9% | 6.7% |
| Other income | 0 | 0.04 | 0.12 | 0.16 | 0 | 0 | 0.03 |
| Interest | 0.18 | 0.16 | 0.14 | 0.10 | 0 | 0.12 | 0.11 |
| Depreciation | 0.15 | 0.11 | 0.09 | 0.55 | 1 | 1.11 | 1.14 |
| Profit before tax | 0.05 | 0.05 | 0.59 | 1.41 | 2 | 1.85 | 9.99 |
| Tax rate | 100.0% | 40.0% | 16.9% | 27.7% | 50.0% | 30.3% | 4.2% |
| Net profit | 0 | 0.04 | 0.49 | 1.02 | 1 | 1.29 | 9.57 |
| EPS ₹ | 0 | 0.50 | 0.98 | 0.96 | 0.41 | 1.62 | 8.10 |
| Dividend payout | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY24 come rounded to the nearest crore in the source.
A tax rate above 60% or below zero (FY20) comes from tax charged on a small or negative profit, as reported.
Dev Labtech Venture profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.2% | 2.3% | 2.6% | 6.3% | 7.0% | 5.9% | 6.7% |
| Tax rate | 100.0% | 40.0% | 16.9% | 27.7% | 50.0% | 30.3% | 4.2% |
| ROCE | · | 6.7% | 22.4% | 13.0% | 8.5% | 5.7% | 21.0% |
| ROE | · | 2.7% | 27.8% | 9.8% | 4.5% | 3.9% | 20.8% |
| Dividend payout | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Dev Labtech Venture debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Dev Labtech Venture balance sheet
At each 31 March · ₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Equity capital | 0.21 | 0.21 | 1.26 | 8.27 | 8 | 11 | 12 |
| Reserves | 1.24 | 1.28 | 0.77 | 10.61 | 18 | 30 | 39 |
| Net worth | 1.45 | 1.49 | 2.03 | 18.88 | 26 | 41 | 51 |
| Borrowings | 1.54 | 1.78 | 1.23 | 1.13 | 1 | 1 | 3 |
| Other liabilities | 4.13 | 3.87 | 5.68 | 3.72 | 2 | 2 | 111 |
| Total liabilities | 7.12 | 7.14 | 8.94 | 23.73 | 29 | 44 | 165 |
| Fixed assets | 0.81 | 0.71 | 0.37 | 4.15 | 5 | 5 | 4 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 6.31 | 6.43 | 8.57 | 19.58 | 24 | 39 | 161 |
Dev Labtech Venture cash flow
₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 0.30 | -0.08 | 0.18 | -5.72 | -9 | -13 | -2 |
| Cash from investing | -0.02 | -0.01 | 0.36 | -4.17 | -2 | -1 | 0 |
| Cash from financing | -0.26 | 0.08 | -0.50 | 15.63 | 5 | 14 | 2 |
| Net cash flow | 0.02 | -0.01 | 0.04 | 5.74 | -6 | 0 | 0 |
Working capital
Days
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 70 | 89 | 55 | 57 | 16 | 34 | 178 |
| Inventory days | 191 | 123 | 48 | 123 | 208 | 285 | 193 |
| Days payable | 193 | 160 | 86 | 34 | 5 | 6 | 281 |
| Cash conversion cycle | 69 | 52 | 18 | 145 | 219 | 313 | 89 |
| Working capital days | 46 | 56 | 33 | 120 | 184 | 261 | 109 |
Dev Labtech Venture peers and competitors
Listed SME companies in the same industryBy sales, Dev Labtech Venture is number 25 of the 79 listed SME companies in consumer durables.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Durlax Top Surface | 179 | 14.2 | 185 | 12.6 | 12.0% | 0.35 |
| Clay Craft India | 334 | 12.4 | 179 | 27 | 24.0% | 0.30 |
| Pro FX Tech | 119 | 7.9 | 177 | 15.2 | 11.5% | 0.00 |
| Aspire & Innovative Advertising | 21 | 8.4 | 176 | 2.6 | 1.0% | 0.34 |
| K. V. Toys India | 166 | 18.5 | 174 | 9 | 7.0% | 0.24 |
| Patdiam Jewellery | 147 | 8.6 | 173 | 17 | 10.0% | 0.32 |
| Esprit Stones | 125 | - | 173 | -2.6 | 3.3% | 0.39 |
| Dev Labtech Venture | 124 | 13.0 | 167 | 9.6 | 6.7% | 0.06 |
| Essen Speciality Films | 301 | - | 163 | -4 | 0.3% | 0.32 |
| Brandman Retail | 316 | 12.5 | 162 | 25.3 | 17.4% | 0.09 |
| Inflame Appliances | 169 | 28.2 | 150 | 6 | 13.0% | 0.87 |
| Median of the 10 others | 168 | 12.5 | 174 | 10.8 | 10.8% | 0.32 |
Dev Labtech Venture shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Dev Labtech Venture shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 24 | Sep 24 | Dec 24 | Mar 25 | Apr 25 | Sep 25 | Mar 26 | May 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 68.01% | 54.58% | 52.35% | 54.55% | 56.69% | 56.69% | 56.69% | 56.69% |
| Number of shareholders | 469 | 613 | 830 | 845 | 838 | 955 | 834 | 864 |
Dev Labtech Venture study: the business from its own documents
Read from 4 of the company's own documentsDev Labtech Venture key facts from the filings
Each figure with the document it comes from
- Sales in FY26
- ₹167.2 cr
- Up from ₹52.4 cr in FY25; ₹117.9 cr of it came in the second half.Reported results, FY26 and H2FY26; FY25 annual report, p.30
- Profit in FY26
- ₹9.6 cr
- Profit after tax, against ₹1.3 cr in FY25; tax was about four rupees in every hundred of profit before tax.Reported results, FY26 (our arithmetic); FY25 annual report, p.30
- Stock held
- ₹32.3 cr
- Inventory at March 2025, up from ₹19.8 cr a year earlier, as diamonds in process and in hand piled up.FY25 annual report, p.82
- Exports in FY25
- ₹3.8 cr
- Export sales in FY25, about seven in every hundred rupees of that year's sales.FY25 annual report, p.93 (reported figures; our arithmetic)
- Top ten customers
- 72.6%
- Share of natural diamond revenue in the half year to September 2022; there are no long term contracts.Offer document, p.24 and p.28
Show 5 more facts
- Limit for dealings with US arm
- ₹50 cr a year
- Shareholders were asked to approve trade with its Delaware subsidiary up to this much a year from FY26 to FY30.FY25 annual report, p.24 and p.25
- New warrants
- Up to 1.37 crore
- Convertible warrants for promoter group and other investors approved by the board on 7 October 2026, subject to shareholders.Exchange announcement, 7 October 2026
- Promoter holding
- 56.69%
- Down from 68.01% after the IPO, as earlier warrants turned into shares.Shareholding patterns, March 2024 and May 2026
- Share split and bonus
- ₹10 → ₹5, 1:1
- Face value split and a one for one bonus, both with ex-date 15 May 2026.Exchange corporate actions, May 2026
- Employees
- 66
- Permanent employees at March 2025, against 24 on the payroll in September 2022.FY25 annual report, p.42; Offer document, p.108
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Dev Labtech Venture earns a thin spread on cutting natural diamonds and on growing and cutting lab grown ones.
Its weak spots are prices it cannot control, a few large buyers, stock that soaks up cash, and promoter firms in the same trade.
WatchCan it set its own prices?Not much. The company says competitors push prices down and that it watches market prices all the time.
WatchHow strong is it against rivals?It works in a crowded trade with many organised and unorganised players, and three promoter firms run similar diamond businesses.
WatchWho are its customers?Jewellery makers and traders who place orders one at a time, with a handful of them taking most of the natural diamond sales.
WatchDoes it need a lot of money?Yes, for stock rather than machines. The company has raised equity several times to fund it.
AverageCan it keep finding new work?Sales have grown every year, helped by trade shows and the lab grown line, but there is no order book to show what comes next.
WatchDo good and bad years swing a lot?Yes. Profit fell in FY25 even as sales rose, and diamond prices and export duties move demand and stock values.
Who runs Dev Labtech Venture?
Promoters, directors and officers; tap a name for the background
JLJerambhai Lavjibhai DondaPromoter, Chairman and Managing Director
Founded the company in 1993 and has been on the board since then. Holds a matriculation and has 42 years in the diamond and jewellery industry; responsible for expansion and overall management. Also a director of Sea Land Shipping and Exports Pvt. Ltd., the group company named in the prospectus.
FY25 annual report, p.5 and p.46; Offer document, p.121 and p.201JJJay Jerambhai DondaPromoter, Whole Time Director and Chief Financial Officer
Bachelor of Commerce (Financial Markets), on the board since 18 April 2011 and Whole Time Director since 24 September 2022, with ten years in the diamond and jewellery industry; looks after finance. Runs the proprietorship Eco Friendly Diam / Shri Man Powers. The annual report states that Jay Jerambhai Donda is the son of Jerambhai Lavjibhai Donda.
FY25 annual report, p.5 and p.28; Offer document, p.134LJLabhuben Jerambhai DondaPromoter
Named as a promoter in the prospectus, with five years of experience and the proprietorship Eco Grown Diam / Suchi Powers. The prospectus lists Labhuben Jerambhai Donda as the spouse of Jerambhai Lavjibhai Donda.
Offer document, p.2, p.134 and p.136DJDimple Jay DondaNon Executive Director, promoter group
Bachelor of Science in Interior Design, on the board since 3 June 2022 with four years in the diamond and jewellery industry; looks after jewellery design and market trends. The annual report states that Dimple Jay Donda is the wife of Jay Jerambhai Donda.
FY25 annual report, p.5 and p.29VTVivekbhai Tulsibhai MavaniIndependent Director
Bachelor of Commerce with eight years in the diamond industry; on the board since 19 August 2022.
FY25 annual report, p.5BMBrijeshkumar Maheshbhai PathakIndependent Director
Bachelor of Arts with two years in general administration; on the board since 7 September 2022.
FY25 annual report, p.5PVPankaj Valjibhai PandavCompany Secretary and Compliance Officer
B.Com and LLB, an associate member of the Institute of Company Secretaries of India; appointed from 8 August 2024 after Pratik Ashokbhai Patel resigned from the post from 30 May 2024.
FY25 annual report, p.5 and p.31Dev Labtech Venture latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹118 cr (+258%), net profit ₹9.2 cr (+1040%) on H2 FY25.
- Shareholding, 31 May 2026: promoters unchanged at 56.69%.
Dev Labtech Venture announcements
10 on record, latest first; each opens the filing on the exchange
- Company UpdateCertificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026PDF ↗
- Company UpdateNewspaper publication of Notice of the Extra Ordinary General Meeting (EGM) of the Company & e-Voting InformationPDF ↗
- Company UpdatePreferential Issue of Convertible WarrantsPDF ↗
- Company UpdateIssuance of upto 1,37,00,000 Convertible Warrants in to Equity Shares to Promoter/Promoter Group and Non- Promoters of the Company on Preferential basisPDF ↗
- Company UpdateIncrease in the Authorised Share Capital of the Company and amendment in Capital Clause of the Memorandum of Association: subject to the approval of shareholderPDF ↗
- Board MeetingWe hereby inform the Stock Exchange that the Board of Directors of the Company in their Meeting held on Wednesday, the 7th October, 2026 at the Office of the CoPDF ↗
- Board MeetingDev Labtech Venture Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/10/2026 ,inter alia, to consider and approvPDF ↗
- Insider Trading / SASTIntimation of Closure of Trading Window of the CompanyPDF ↗
- AGM/EGMScrutinizer's Report along with Voting Results of 33rd Annual General Meeting held on 26th September, 2026PDF ↗
- AGM/EGMProceedings of the 33rd Annual General Meeting held on 26th September, 2026PDF ↗
Dev Labtech Venture annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Dev Labtech Venture share split, bonus and dividends
From the corporate actions the company announces on the exchange
- Share splitStock Split From Rs.10/- to Rs.5/-ex-date 15 May 2026
- Bonus issueBonus issue 1:1ex-date 15 May 2026
Checks we ran on Dev Labtech Venture's data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iShare split with ex-date 15 May 2026: earlier prices on this page are adjusted to the new share basis.
- iBonus issue with ex-date 15 May 2026: earlier prices on this page are adjusted to the new share basis.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (4,74,52,556 shares).
- !The FY26 results imply 2,40,00,000 shares at face value ₹5, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY21 (₹0.50) and FY22 (₹0.98) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY20 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Dev Labtech Venture
What does Dev Labtech Venture do?
Dev Labtech Venture cuts and polishes natural diamonds and also grows diamonds in its own machines, supplying them mostly to jewellery makers and diamond traders. Its shares trade on BSE SME.
What is the share price of Dev Labtech Venture?
₹26.1 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Dev Labtech Venture?
₹124 cr at the close on 6 Nov 2026, on 4,74,52,556 shares.
What is the P/E of Dev Labtech Venture?
13.0 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Dev Labtech Venture's revenue and profit?
Revenue ₹167 cr and profit after tax ₹10 cr in FY26.
Who are the promoters of Dev Labtech Venture?
Jerambhai Lavjibhai Donda, Jay Jerambhai Donda, Labhuben Jerambhai Donda, Dimple Jay Donda; promoters held 56.69% at 31 May 2026.
What is Dev Labtech Venture's website?
www.devlabtechventure.com
More SME companies like Dev Labtech Venture
Other listed SME companies in consumer durables, the closest in size first, each read from its own documents.
- Siddhika CoatingsSIDDHIKA · NSE Emerge · Consumer Durables · listed 2021Market cap ₹123 cr
- Pro FX TechPROFX · NSE Emerge · Consumer Durables · listed 2025Market cap ₹123 cr
- Retaggio IndustriesRETAGGIO · BSE SME · Consumer DurablesMarket cap ₹121 cr
- Visdem TechnosysVISDEM · NSE Emerge · Consumer Durables · listed 2023Market cap ₹120 cr
- Manoj CeramicMCPL · BSE SME · Consumer DurablesMarket cap ₹130 cr
- K. V. Toys IndiaKVTOYS · BSE SME · Consumer DurablesMarket cap ₹132 cr
Built from 3 annual reports, 1 offer document, 10 exchange announcements, 8 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.