DEE Development Engineers Ltd

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

DEE Development Engineers Ltd

₹ 292 -5.08%
30 May - 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][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

Website BSE NSE
  • Market Cap ₹ 2,015 Cr.
  • Current Price ₹ 292
  • High / Low ₹ 400 / 167
  • Stock P/E 46.2
  • Book Value ₹ 116
  • Dividend Yield 0.00 %
  • ROCE 8.89 %
  • ROE 6.97 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.1% CAGR over last 5 years

Cons

  • Stock is trading at 2.52 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

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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
165 157 179 210 243 185 194 162 286
142 143 155 180 209 160 164 156 223
Operating Profit 23 14 24 30 35 25 30 6 64
OPM % 14% 9% 13% 14% 14% 13% 15% 3% 22%
10 2 8 3 6 3 16 -1 3
Interest 9 8 10 10 12 11 7 10 12
Depreciation 9 11 11 12 12 13 13 12 12
Profit before tax 15 -3 11 11 16 4 26 -17 42
Tax % 20% 78% 9% 16% 28% 28% 15% -24% 26%
12 -5 10 9 12 3 22 -13 32
EPS in Rs 11.36 -4.32 1.86 1.70 2.24 0.46 3.22 -1.93 4.56
Raw PDF

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
-19 -7 -22 -52 -145
-65 -88 -50 40 43
Net Cash Flow -13 1 -5 1 1

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%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2024Sep 2024Dec 2024Mar 2025
70.18% 70.17% 70.17% 70.29%
5.85% 2.23% 0.83% 0.65%
12.11% 16.16% 16.53% 17.43%
11.86% 11.43% 12.46% 11.63%
No. of Shareholders 67,13655,24654,60951,116

* 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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