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 ₹ 1,886 Cr.
- Current Price ₹ 273
- High / Low ₹ 363 / 167
- Stock P/E 35.2
- Book Value ₹ 116
- Dividend Yield 0.00 %
- ROCE 8.89 %
- ROE 6.97 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 26.1% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.52% over last 3 years.
- Working capital days have increased from 57.2 days to 106 days
* 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 Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|
723 | 495 | 461 | 596 | 789 | 827 | 866 | |
635 | 439 | 393 | 522 | 679 | 704 | 731 | |
Operating Profit | 87 | 57 | 68 | 74 | 109 | 124 | 135 |
OPM % | 12% | 11% | 15% | 12% | 14% | 15% | 16% |
16 | 18 | 10 | 19 | 18 | 21 | 22 | |
Interest | 43 | 30 | 28 | 34 | 47 | 40 | 40 |
Depreciation | 33 | 36 | 36 | 38 | 45 | 49 | 50 |
Profit before tax | 27 | 9 | 13 | 20 | 36 | 55 | 67 |
Tax % | 54% | -60% | 38% | 36% | 26% | 21% | |
13 | 14 | 8 | 13 | 26 | 44 | 54 | |
EPS in Rs | 8.52 | 9.06 | 7.73 | 12.23 | 4.94 | 6.32 | 7.76 |
Dividend Payout % | 6% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 22% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 74% |
TTM: | 58% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -23% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 6% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 11 | 11 | 53 | 69 |
Reserves | 422 | 439 | 401 | 413 | 398 | 732 |
313 | 257 | 290 | 364 | 460 | 431 | |
162 | 122 | 141 | 176 | 296 | 362 | |
Total Liabilities | 913 | 834 | 843 | 963 | 1,208 | 1,594 |
388 | 365 | 354 | 381 | 414 | 422 | |
CWIP | 2 | 2 | 4 | 3 | 66 | 148 |
Investments | -0 | -0 | 0 | 0 | 0 | -0 |
523 | 467 | 484 | 579 | 727 | 1,024 | |
Total Assets | 913 | 834 | 843 | 963 | 1,208 | 1,594 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
71 | 96 | 67 | 14 | 103 | -60 | |
-19 | -7 | -22 | -52 | -145 | -164 | |
-65 | -88 | -50 | 40 | 43 | 227 | |
Net Cash Flow | -13 | 1 | -5 | 1 | 1 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 99 | 146 | 122 | 106 | 90 | 109 |
Inventory Days | 226 | 284 | 514 | 555 | 533 | 738 |
Days Payable | 65 | 120 | 220 | 253 | 300 | 313 |
Cash Conversion Cycle | 259 | 311 | 416 | 407 | 323 | 534 |
Working Capital Days | 73 | 108 | 66 | 49 | 18 | 106 |
ROCE % | 5% | 6% | 7% | 10% | 9% |
Documents
Announcements
-
Announcement Under Regulation 30 (LODR)-Intimation Of Final Order By Punjab State Electricity Regulatory Commission (PSERC)
1d - PSERC tariff re-determination (20 Aug 2025) cuts tariffs; annual revenue loss ~₹8.20Cr, potential ₹13.02Cr recovery.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - PSERC lowered Abohar 8MW tariffs to ₹5.477–5.877/unit; PSPCL may demand ₹13.02 Crore; annual revenue loss ~₹8.20 Crore.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Aug - Transcript of Earnings Call held on 12th August 2025
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
13 Aug - Of Allotment of Equity Shares against exercise of Vested Employee Stock Options under ESOP Scheme of the Company
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Aug - Regarding Analyst/investor meet to be held on 20th August, 2025
Concalls
-
Aug 2025Transcript PPT
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Jun 2025Transcript PPT 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]
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.