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 ₹ 1,909 Cr.
- Current Price ₹ 276
- High / Low ₹ 379 / 167
- Stock P/E 43.8
- 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 | |
---|---|---|---|---|---|---|
723 | 495 | 461 | 596 | 789 | 827 | |
635 | 439 | 393 | 522 | 679 | 704 | |
Operating Profit | 87 | 57 | 68 | 74 | 109 | 124 |
OPM % | 12% | 11% | 15% | 12% | 14% | 15% |
16 | 18 | 10 | 19 | 18 | 21 | |
Interest | 43 | 30 | 28 | 34 | 47 | 40 |
Depreciation | 33 | 36 | 36 | 38 | 45 | 49 |
Profit before tax | 27 | 9 | 13 | 20 | 36 | 55 |
Tax % | 54% | -60% | 38% | 36% | 26% | 21% |
13 | 14 | 8 | 13 | 26 | 44 | |
EPS in Rs | 8.52 | 9.06 | 7.73 | 12.23 | 4.94 | 6.32 |
Dividend Payout % | 6% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 22% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 74% |
TTM: | 66% |
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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Jul - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June 2025
-
Updates On Order Book Of The Company For The Month Of June 2025
6 Jul - June 2025 order book update: ₹1261.64 Cr closing orders, ₹264.47 Cr inflow, ₹230.99 Cr executed.
- Resubmission - Audited Financial Results - For The Quarter And Year Ended On 31St March 2025 1 Jul
- Closure of Trading Window 26 Jun
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Jun - $10M international piping fabrication order, execution by Feb 2026.
Concalls
-
Jun 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
-
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.