DEE Development Engineers Ltd
Incorporated in 1988, DEE Development Engineers Ltd specializes in the design, engineering, and fabrication of complex
piping systems, pressure vessels, and
heat exchangers[1]
- Market Cap ₹ 1,977 Cr.
- Current Price ₹ 286
- High / Low ₹ 400 / 167
- Stock P/E 84.7
- Book Value ₹ 119
- Dividend Yield 0.00 %
- ROCE 6.48 %
- ROE 3.54 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.76% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE IPO BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 519 | 620 | 411 | 370 | 503 | 644 | 639 | |
| 447 | 543 | 363 | 329 | 447 | 568 | 553 | |
| Operating Profit | 72 | 77 | 49 | 42 | 56 | 76 | 85 |
| OPM % | 14% | 12% | 12% | 11% | 11% | 12% | 13% |
| 19 | 18 | 16 | 18 | 23 | 21 | 16 | |
| Interest | 25 | 34 | 22 | 22 | 29 | 40 | 35 |
| Depreciation | 19 | 21 | 22 | 22 | 24 | 31 | 34 |
| Profit before tax | 47 | 40 | 21 | 16 | 26 | 26 | 32 |
| Tax % | 33% | 30% | -5% | 21% | 27% | 24% | 27% |
| 32 | 28 | 22 | 12 | 19 | 20 | 23 | |
| EPS in Rs | 20.21 | 17.57 | 14.10 | 11.60 | 17.52 | 3.74 | 3.38 |
| Dividend Payout % | 0% | 3% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 20% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | 24% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 11 | 11 | 53 | 69 |
| Reserves | 430 | 456 | 479 | 446 | 464 | 443 | 755 |
| 237 | 204 | 169 | 211 | 277 | 381 | 368 | |
| 230 | 142 | 105 | 123 | 156 | 271 | 332 | |
| Total Liabilities | 913 | 819 | 768 | 790 | 908 | 1,147 | 1,524 |
| 220 | 226 | 215 | 211 | 248 | 291 | 301 | |
| CWIP | 8 | 2 | 1 | 4 | 3 | 64 | 148 |
| Investments | 56 | 57 | 57 | 68 | 68 | 68 | 110 |
| 629 | 534 | 494 | 506 | 589 | 724 | 965 | |
| Total Assets | 913 | 819 | 768 | 790 | 908 | 1,147 | 1,524 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 133 | 72 | 69 | 56 | 21 | 84 | ||
| -38 | -26 | -10 | -32 | -52 | -140 | ||
| -82 | -60 | -55 | -27 | 32 | 56 | ||
| Net Cash Flow | 14 | -14 | 3 | -4 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 161 | 105 | 160 | 126 | 99 | 87 | 116 |
| Inventory Days | 344 | 222 | 280 | 476 | 490 | 487 | 708 |
| Days Payable | 126 | 60 | 111 | 190 | 221 | 291 | 309 |
| Cash Conversion Cycle | 379 | 267 | 330 | 412 | 368 | 282 | 515 |
| Working Capital Days | 266 | 204 | 283 | 281 | 223 | 181 | 276 |
| ROCE % | 11% | 6% | 6% | 7% | 8% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper Publication for Audited Financial Results for the quarter and year ended 31st March 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 May - Audio recording of Q4 and FY25 earnings call available on company website.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report FY2024-25; minor delay in board meeting intimation fined Rs 10,000.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
29 May - Earning call Investor Presentation with respect to Audited Financial Results for quarter ended 31st March, 2025
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Statement Of Deviation For The Quarter Ended On 31St March 2025
29 May - No deviation in utilization of Rs. 325 Cr IPO funds for quarter ended 31 Mar 2025.
Concalls
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May 2025TranscriptNotesPPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
Business Overview:[1][2]
a) DEEDEL is a premier engineering company and an integrated manufacturing partner providing ‘design-led-manufacturing’
process and piping solutions in India.
b) It does manufacturing and supply of piping products, including high-pressure piping systems, piping spools, high-frequency induction pipe bends, Longitudinally Submerged Arc Welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, and modular skids.
c) It produces specialized accessories such as boiler superheater coils, de-super heaters, and other custom-engineered components
d) Company works with a wide array of complex metals, including various grades
of carbon steel, stainless steel, super duplex stainless steel, alloy steel, as well as specialty materials like Inconel and Hastelloy