DEE Development Engineers Ltd
NSE: DEEDEV BSE: 544198
Incorporated in 1988, DEE Development Engineers Ltd specializes in the design, engineering, and fabrication of complex piping systems, pressure vessels, and heat exchangers[1]
₹476
52W: ₹183 — ₹514
PE 48.3 · Book ₹122 · +290% vs bookMarket Cap₹3,297 Cr
Stock P/E48.3Price to Earnings
ROCE6.94%Return on Capital
ROE3.54%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is expected to give good quarter
Weaknesses
- −Stock is trading at 3.88 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 3.76% over last 3 years.
- −Working capital days have increased from 52.6 days to 108 days
Shareholding Pattern
Promoters70.18%
FIIs0.99%
DIIs13.91%
Public14.93%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 70.18% | 70.17%▼0.0 | 70.17% | 70.29%▲0.1 | 70.22%▼0.1 | 70.22% | 70.18%▼0.0 | 70.18% |
| FIIs | 5.85% | 2.23%▼3.6 | 0.83%▼1.4 | 0.65%▼0.2 | 0.81%▲0.2 | 0.79%▼0.0 | 0.78%▼0.0 | 0.99%▲0.2 |
| DIIs | 12.11% | 16.16%▲4.1 | 16.53%▲0.4 | 17.43%▲0.9 | 17.33%▼0.1 | 16.6%▼0.7 | 14.87%▼1.7 | 13.91%▼1.0 |
| Public | 11.86% | 11.43%▼0.4 | 12.46%▲1.0 | 11.63%▼0.8 | 11.65%▲0.0 | 12.39%▲0.7 | 14.17%▲1.8 | 14.93%▲0.8 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 146 | 167 | 201 | 144 | 149 | 104 | 242 | 170 | 216 | 226 |
| Expenses | 132 | 148 | 176 | 129 | 131 | 109 | 184 | 143 | 181 | 185 |
| Operating Profit | 14 | 20 | 25 | 15 | 18 | -5 | 57 | 27 | 35 | 41 |
| OPM % | 10% | 12% | 12% | 11% | 12% | -5% | 24% | 16% | 16% | 18% |
| Net Profit | 7 | 6 | 8 | 0 | 7 | -14 | 29 | 7 | 13 | 16 |
| EPS ₹ | 1.31 | 1.12 | 1.55 | 0.06 | 1.03 | -1.96 | 4.25 | 1.03 | 1.92 | 2.24 |
AI Insights
Revenue Trend
TTM revenue at ₹853Cr, up 33.5% YoY. OPM at 19%.
Debt Position
Borrowings at ₹529Cr. Debt-to-equity ratio: 0.68x. Moderate leverage.
Capex Cycle
CWIP at ₹131Cr (32% of fixed assets). Significant capex underway — growth runway building.
Institutional Flow
DIIs: 13.91% (+1.80pp change). FIIs: 0.99% (-4.86pp change). Promoters hold 70.18%.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 7% (Mar 2025). Working capital days: 108.
Valuation
PE 48.3x with 6.94% ROCE. Price is 290% above book value of ₹122. Dividend yield: 0%.
Recent Announcements
- Board Meeting Intimation for Board Meeting Intimation For Consider, Approve And Take On Record Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended 31.03.2026. 1d - Board meeting on 21 May 2026 to approve FY26 audited results and reappoint internal and cost auditors.
- Update On Order Book Of The Company For The Month Of April 2026. 8 May - April 2026 order book at INR 1,909.82 crore; INR 211 crore L1 orders expected soon.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 10 Apr - Company confirms it is not a Large Corporate under SEBI debt disclosure norms.
- Update On Order Book Of The Company For The Month Of March 2026 8 Apr - March 2026 order book closed at ₹1,940.07 crore; PSERC fixed biomass tariff at ₹5.224/kWh.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Rating update 10 Oct 2025 from care