DEE Development

NSE: DEEDEV · Industrial Products

52W Range₹183 ₹760

Snapshot

Unlock DEE Development's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

DEE Development Engineers Limited is an engineering company specialising in the manufacturing of complex piping systems, pipe fittings, and prefabricated engineering products. The company serves a diverse range of sectors including thermal and nuclear power, oil and gas, petrochemicals, and marine industries.

Business Model

The company generates revenue through the design, engineering, and fabrication of customised industrial components and piping solutions, alongside providing specialised engineering services. It also operates a secondary revenue stream through the generation of biomass-based power.

Growth Outlook

Growth is driven by increasing demand for complex piping infrastructure in the energy and process industries, supported by the company's capability to provide end-to-end engineering and fabrication services. Expansion into modular skids and specialised industrial components positions the firm to capture opportunities in both domestic and international markets.

Key Risks

  • Cyclical Industry Exposure. The company's performance is highly dependent on capital expenditure cycles within the power, oil, and gas sectors.
  • Raw Material Price Volatility. Fluctuations in the cost of steel and other raw materials can significantly impact manufacturing margins.
  • Project Execution Risk. Delays in large-scale engineering projects or supply chain disruptions could adversely affect operational timelines and profitability.
  • Regulatory Compliance. Strict adherence to international and Indian boiler regulations is essential, and failure to maintain certifications could restrict market access.

Price

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Key Metrics

REVENUE

₹1,142 Cr

TTM · consolidated

+38.0%YoY

NET PROFIT

₹77 Cr

TTM · consolidated

+76.9%YoY

EPS

₹11.16

TTM · consolidated

+66.6%YoY

RETURN ON EQUITY

9.4%

TTM · consolidated

+1.3 ppYoY

RETURN ON CAPITAL EMPLOYED

16.2%

TTM · consolidated

+1.7 ppYoY

P/E

63.0x

Q4 FY26 · consolidated

63.0 vs 192.8x5Y avg

EV/EBITDA

26.6x

Q4 FY26 · consolidated

26.6 vs 39.6x5Y avg

EBITDA MARGIN

18.2%

TTM · consolidated

+0.7 ppYoY

NET PROFIT MARGIN

7.7%

Q4 FY26 · consolidated

-3.3 ppYoY

DEBT TO EQUITY

0.8x

Q4 FY26 · consolidated

+0.26xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
DEE DevelopmentDEEDEV
1,82863.0426.5638.0%18.2%9.4%16.2%+130.2%
Windsor MachinesWINDMACHIN
1,958-851.8177.8854.7%6.2%-0.4%1.3%-15.3%
HLE Glascoat LimitedHLEGLAS
1,94544.4617.6159.3%11.5%15.6%18.5%+4.9%
Pennar IndustriePENIND
1,94213.506.5438.4%11.1%16.4%29.1%-29.3%
HPL ElectricHPL
1,81024.5510.316.5%15.8%9.7%21.6%-44.8%
Indian Hume PipeINDIANHUME
1,67915.1113.15-12.5%14.6%10.1%15.8%-9.0%

As of Q4 FY26

Financials