DEE Development Engineers Ltd

DEE Development Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DEE Development Engineers Ltd

₹ 293 -2.27%
17 Sep - close price
deepiping.com BSE: 544198 NSE: DEEDEV
About

Incorporated in 1988, DEE Development Engineers Ltd specializes in the design, engineering, and fabrication of complex
piping systems, pressure vessels, and
heat exchangers[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 2,027 Cr.
  • Current Price ₹ 293
  • High / Low ₹ 360 / 167
  • Stock P/E 37.8
  • Book Value ₹ 116
  • Dividend Yield 0.00 %
  • ROCE 9.39 %
  • ROE 7.00 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.3% 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 5.53% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
165 157 179 210 243 185 194 162 286 224
142 143 155 180 209 160 164 156 223 188
Operating Profit 23 14 24 30 35 25 30 6 64 36
OPM % 14% 9% 13% 14% 14% 13% 15% 3% 22% 16%
10 2 8 3 6 3 16 -1 3 4
Interest 9 8 10 10 12 11 7 10 12 11
Depreciation 9 11 11 12 12 13 13 12 12 13
Profit before tax 15 -3 11 11 16 4 26 -17 42 16
Tax % 20% 78% 9% 16% 28% 28% 15% -24% 26% 17%
12 -5 10 9 12 3 22 -13 32 13
EPS in Rs 11.36 -4.32 1.86 1.70 2.24 0.46 3.22 -1.93 4.56 1.91
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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
635 439 393 522 679 698 731
Operating Profit 87 57 68 74 109 129 135
OPM % 12% 11% 15% 12% 14% 16% 16%
16 18 10 19 18 21 22
Interest 43 30 28 34 47 45 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: -9%
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%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
70.18% 70.17% 70.17% 70.29% 70.22%
5.85% 2.23% 0.83% 0.65% 0.81%
12.11% 16.16% 16.53% 17.43% 17.33%
11.86% 11.43% 12.46% 11.63% 11.65%
No. of Shareholders 67,13655,24654,60951,11650,039

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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