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 ₹ 1,648 Cr.
- Current Price ₹ 239
- High / Low ₹ 400 / 167
- Stock P/E 753
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 8.14 %
- ROE 4.08 %
- 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 3.48% over last 3 years.
- Earnings include an other income of Rs.20.8 Cr.
* 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
Sector: Steel Industry: Steel - Medium / Small
Part of BSE Allcap BSE Industrials BSE SmallCap BSE IPO
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 519 | 620 | 411 | 370 | 503 | 644 | 599 | |
| 447 | 543 | 363 | 329 | 447 | 568 | 546 | |
| Operating Profit | 72 | 77 | 49 | 42 | 56 | 76 | 53 |
| OPM % | 14% | 12% | 12% | 11% | 11% | 12% | 9% |
| 19 | 18 | 16 | 18 | 23 | 21 | 21 | |
| Interest | 25 | 34 | 22 | 22 | 29 | 40 | 33 |
| Depreciation | 19 | 21 | 22 | 22 | 24 | 31 | 37 |
| Profit before tax | 47 | 40 | 21 | 16 | 26 | 26 | 4 |
| Tax % | 33% | 30% | -5% | 21% | 27% | 24% | |
| 32 | 28 | 22 | 12 | 19 | 20 | 2 | |
| EPS in Rs | 20.21 | 17.57 | 14.10 | 11.60 | 17.52 | 3.74 | 0.68 |
| Dividend Payout % | 0% | 3% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 16% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | -4% |
| TTM: | -89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 11 | 11 | 53 | 69 |
| Reserves | 430 | 456 | 479 | 446 | 464 | 443 | 739 |
| 237 | 204 | 169 | 211 | 277 | 381 | 301 | |
| 230 | 142 | 105 | 123 | 156 | 271 | 208 | |
| Total Liabilities | 913 | 819 | 768 | 790 | 908 | 1,147 | 1,316 |
| 220 | 226 | 215 | 211 | 248 | 291 | 284 | |
| CWIP | 8 | 2 | 1 | 4 | 3 | 64 | 100 |
| Investments | 56 | 57 | 57 | 68 | 68 | 68 | 69 |
| 629 | 534 | 494 | 506 | 589 | 724 | 864 | |
| Total Assets | 913 | 819 | 768 | 790 | 908 | 1,147 | 1,316 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|---|---|
| Debtor Days | 161 | 105 | 160 | 126 | 99 | 87 |
| Inventory Days | 344 | 222 | 280 | 476 | 490 | 487 |
| Days Payable | 126 | 60 | 111 | 190 | 221 | 291 |
| Cash Conversion Cycle | 379 | 267 | 330 | 412 | 368 | 282 |
| Working Capital Days | 266 | 204 | 283 | 281 | 223 | 181 |
| ROCE % | 11% | 6% | 6% | 7% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10h - Awarded multimillion-dollar recurring international order from major US oil & gas company.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Quarterly monitoring report confirms no deviation in utilization of Rs 3,019.5 mn IPO proceeds by DEE Development Engineers.
-
Announcement Under Regulation 30 (LODR)- Updates On Order Book Of The Company For The Month Of April 2025
6 May - April 2025 order book update: closing orders at ₹1274.58 Cr, tariff revision noted for biomass power.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Apr - Newspaper Publication on information regarding 1st Extra Ordinary General Meeting (Post Dispatch of EGM Notice)
- Notice Of 1St Extra Ordinary General Meeting For The Financial Year 2025-26 24 Apr
Concalls
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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