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 ₹ 1,755 Cr.
- Current Price ₹ 254
- High / Low ₹ 400 / 167
- Stock P/E 801
- 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 SmallCap BSE IPO BSE Allcap BSE Industrials
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)-Analyst / Investor Meet - Intimation
2d - Earnings call scheduled on 30 May 2025 for Q4 and FY25 financial results discussion.
-
Board Meeting Intimation for Rescheduled Board Meeting To Be Held On 29Th May 2025
24 May - Board meeting rescheduled to 29 May for FY25 audited financial results approval.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 May - PSERC cuts biomass power tariffs; ₹15.53 Cr retrospective recovery; annual revenue loss ~₹38.5 Cr; legal challenge planned.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
21 May - EGM passed borrowing increase to INR 2,000 Cr, asset security creation, and key director appointments.
-
Shareholder Meeting / Postal Ballot-Outcome of EGM
20 May - EGM approved INR 2,000 Cr borrowing limit increase and key director appointments.
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