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 ₹ 2,023 Cr.
- Current Price ₹ 294
- High / Low ₹ 400 / 167
- Stock P/E 46.4
- 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
- Stock is trading at 2.53 times its book value
- 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.
* 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
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: | % |
| 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 | 180 | 260 | 256 | 228 | 183 | 257 |
| ROCE % | 5% | 6% | 7% | 10% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - DDEL partners with global clean-tech firm for green hydrogen projects in India and Thailand.
-
Updates On Order Book Of The Company For The Month Of May 2025
7 Jun - May 2025 order book update with tariff revisions and review petition by Punjab Electricity Commission.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Jun - Q4 FY25 revenue up 17.7%; tariff cut on biomass plants impacts INR385 mn revenue; FY26 revenue guidance INR1300 Cr.
-
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.
Concalls
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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][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