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Dee Development Engineers Ltd

₹ 211-1.69%
05 Jan – close price
🔗deepiping.com•BSE: 544198•NSE: DEEDEV
Market Cap₹ 1,463 Cr.
Current Price₹ 211
High / Low₹ 336
Stock P/E40.3
Book Value₹ 122
Dividend Yield0.00 %
ROCE6.94 %
ROE3.54 %
Face Value₹ 10.0
Sales₹ 731 Cr.
OPM15.6 %
Mar Cap₹ 1,463 Cr.

ABOUT

Incorporated in 1988, DEE Development Engineers Ltd specializes in the design, engineering, and fabrication of complexpiping systems, pressure vessels, andheat exchangers[1]

KEY POINTS

Business Overview:[1]DEE is a leading engineering company specializing in process piping solutions. ** It is India’s largest player in this segment by installed capacity and among the global leaders in technical capability.** The company offers comprehensive design-led manufacturing services for complex industrial piping requirements across the power, oil & gas, petrochemicals, chemicals, and nuclear sectors.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Honeywell Auto34330.0058.8030347.720.31119.503.821149.4012.2618.404537.8012.66516.10119.507.249.980.02
2.Kaynes Tech3997.6070.7726797.770.00121.41101.64906.2258.4014.283225.3516.21378.68121.415.737.240.19
3.Jyoti CNC Auto.983.6564.6322370.470.0085.5012.68507.9017.9324.351943.2626.50346.1385.5012.2212.990.40
4.Aditya Infotech1465.0087.4817220.350.0069.98196.78919.6437.4819.493111.877.96150.4469.9810.826.240.08
5.LMW15165.00134.7016200.770.2040.9267.29821.886.884.483086.084.91120.2740.925.732.070.00
6.Syrma SGS Tech.750.2562.9914467.110.2066.3476.771145.8937.6011.673883.9310.01229.6764.065.144.370.12
7.Tega Inds.1906.4060.5714322.340.1044.94522.44405.3514.7317.801706.8221.45236.4444.948.6010.070.21
8.DEE Development211.2740.331463.330.0013.2987.71215.5444.606.94731.1815.5536.2813.291.731.750.62
–Median: 121 Co.268.6532.31542.910.05.7212.871.4115.2916.06224.0813.9515.195.53.727.590.19

Quarterly Results

Standalone figures in ₹ crores

Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025
Sales
167104130144170141201242146149216
Expenses
148109118129143127176184132131181
Operating Profit
20-5121527142557141835
Other Income
45342951975
Profit before tax
7-18011011114071018
Tax %
16%-24%445%30%26%30%27%26%6%26%26%
Net Profit
6-14-10788297713
EPS in Rs
1.12-1.96-1.230.061.037.181.554.251.311.031.92

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
519620411370503644639731
Expenses
447543363329447568549618
Operating Profit
72774942567690114
Other Income
1918161823211613
Interest
2534222229404042
Depreciation
1921222224313435
Profit before tax
4740211626263249
Net Profit
3228221219202336
EPS in Rs
20.2117.5714.1011.6017.523.743.385.24
Dividend Payout %
0%3%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:-3%
3 Years:24%
TTM:67%

Compounded Sales Growth

10 Years:%
5 Years:1%
3 Years:20%
TTM:10%

Return on Equity

10 Years:%
5 Years:4%
3 Years:4%
Last Year:4%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-31%

Balance Sheet

Standalone figures in ₹ crores

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1616161111536969
Reserves
430456479446464443755777
Borrowings
237204169211277381368529
Other Liabilities
230142105123156271332394
Total Liabilities
9138197687909081,1471,5241,769
Fixed Assets
220226215211248291301414
Gross Block
273.47300.95309.44326.66385.14458.45494.74–
Accumulated Depreciation
53.4975.0094.22115.28137.64167.00193.95–
CWIP
8214364148131
Investments
565757686868110117
Other Assets
6295344945065897249651,107
Total Assets
9138197687909081,1471,5241,769

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1337269562184-96
Cash from Investing Activity
-38-26-10-32-52-140-149
Cash from Financing Activity
-82-60-55-273256250
Net Cash Flow
14-143-4005

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1611051601269987116
Inventory Days
344222280476490487708
Days Payable
12660111190221285309
Cash Conversion Cycle
379267330412368288515
Working Capital Days
2669215089446108
ROCE %
–11%6%6%7%8%7%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
70.18%70.17%70.17%70.29%70.22%70.22%
FIIs
5.85%2.23%0.83%0.65%0.81%0.79%
DIIs
12.11%16.16%16.53%17.43%17.33%16.60%
Public
11.86%11.43%12.46%11.63%11.65%12.39%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

DEE Development Engineers Ltd. files SEBI compliance certificate for securities dematerialisation

10th April 2026, 9:38 pm

DEE Development Engineers' Subsidiary Secures Higher Biomass Plant Tariff; New Pellet Plant to Boost Revenue

1st April 2026, 4:05 pm

DEE Subsidiary Secures PSERC Tariff Hike for 6 MW Biomass Plant, Expects ₹5.80 Cr Revenue Boost

1st April 2026, 3:48 pm

DEE Development Engineers flags risks to export orders and domestic supply from West Asia conflict and Indian gas curbs

18th March 2026, 6:16 pm

DEE Development Engineers flags export order delays and domestic supply impacts due to West Asia conflict and gas regulation.

17th March 2026, 11:19 pm

Published by Other Websites

External media mentions & references

Indian Markets Tank: HDFC Bank Slumps, Energy Soars Amid Geopolitical Fears

19th March 2026, 2:16 pm

Indian Markets Rise; IT, Auto Stocks Lead Gains Amidst Individual Surges

18th March 2026, 2:17 pm

DEE Engineers Shares Plunge 10% on West Asia Conflict, Gas Supply Caps

18th March 2026, 10:23 am

Dee Development Engineers Jumps 7% on Rs 1,913 Cr FY26 Order Book Strength

9th March 2026, 6:35 pm

Breakout Stocks Surge Amid Market Sell-Off: R Systems Leads Rally

9th March 2026, 5:35 pm

News Articles

Editorial & research coverage

DDEL Secures Wind Tower Order, Demonstrates Extreme Operating Leverage
DDEL Secures Wind Tower Order, Demonstrates Extreme Operating Leverage

6th February 2026, 7:43 pm

DEE Development Engineers Order Book Surges to ₹1,303 Crore
DEE Development Engineers Order Book Surges to ₹1,303 Crore

8th January 2026, 5:44 pm

DEE Development Appoints New CFO Amid Profit Dip; Stock Edges Lower
DEE Development Appoints New CFO Amid Profit Dip; Stock Edges Lower

7th January 2026, 5:50 pm

DEE Development Surges 76% Revenue, But Auditor Flags Subsidiary Concerns
DEE Development Surges 76% Revenue, But Auditor Flags Subsidiary Concerns
DEE Development Engineers Posts Stellar Q3 YoY Growth, Flags Rs 4.2 Cr Labor Code Hit
DEE Development Engineers Posts Stellar Q3 YoY Growth, Flags Rs 4.2 Cr Labor Code Hit

Documents

Announcements

Closure of Trading Window

30 Dec - Trading window closed from 1 Jan 2026 until 48 hours after Q3 (31 Dec 2025) unaudited results declaration.

Updates On Order Book Of The Company For The Month Of November 2025

8 Dec - Nov 2025 orderbook closing ₹1,332.53cr; inflow ₹121.42cr; HC stayed PSERC tariff order; supply at ₹7.47/unit.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

12 Nov 2025 - Transcript of Earning Call held on 7th November 2025

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

8 Nov 2025 - Audio recording of analyst call on quarter and half-year ended 30 Sep 2025 (7 Nov 2025) available online.

Updates On Order Book Of The Company For The Month Of October 2025

7 Nov 2025 - Oct order book: opening ₹1,311.70Cr, inflow ₹45.85Cr, closing ₹1,317.61Cr; HC stayed PSERC tariff; PPA extended 10 years.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

Rating update

10 Oct 2025 from care

Rating update

9 Oct 2024 from care

Rating update

10 Oct 2023 from care

Rating update

30 Sep 2022 from care

Rating update

22 Sep 2021 from care

Rating update

26 Nov 2020 from care

Concalls

Nov 2025

TranscriptPPTRecording

Aug 2025

TranscriptPPTRecording

Jun 2025

TranscriptPPTRecording

Feb 2025

TranscriptPPTRecording

Nov 2024

TranscriptPPT

Aug 2024

TranscriptPPTRecording

Stock Analysis

Description

DEE Development Engineers Limited is a leading Indian company specializing in the design, engineering, and fabrication of complex piping systems, pressure vessels, and heat exchangers for various industrial sectors like power, oil & gas, petrochemicals, and chemicals.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

10th Apr 26
Impact Rating: 4
DEE Development Engineers Ltd. filed its quarterly SEBI compliance certificate confirming the processing of securities dematerialisation requests by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
1st Apr 26
Impact Rating: 9
DEE Development Engineers' subsidiary's biomass plant tariff increased to ₹5.224/kWh for 10 years. A new pellet plant is set to add ₹23.40 Crores revenue, totaling ₹47.71 Crores for FY 2026-27.
1st Apr 26
Impact Rating: 9
DEE's subsidiary's 6 MW biomass plant secured a PSERC tariff of ₹5.224/kWh for an extended term, a ₹1.724/kWh hike, expecting ₹5.80 crore additional revenue.
18th Mar 26
Impact Rating: 8
DEE Development Engineers flags risks to export orders facing delays due to geopolitical issues and domestic supply impacts from Indian gas supply caps, while assuring a healthy order book.
17th Mar 26
Impact Rating: 7
Geopolitical issues in West Asia and a government directive on gas supply may delay DEE Development Engineers' export orders and affect domestic supply. The company maintains a stable financial position and order book.