DEE Development Engineers
- Market cap
- ₹ 4,032 Cr.
- P/E
- 49.1x
- P/B
- 4.17x
- 52-week range
- 183 – 760
- ROE
- 9%
- ROCE
- 11%
- Dividend yield
- 0.2%
- Debt / equity
- 0.79
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE, BSE
About
DEE Development Engineers Limited is an India-based engineering company. The Company is engaged in providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. The Company's segments include Piping Division, Power Division, and Heavy Fabrication. As part of its specialized process piping solutions, the Company also manufactures and supplies piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters and other customized manufactured components. The Company’s manufacturing facilities located at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan and Bangkok in Thailand.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →DEE Development Engineers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)49.1 against a typical 30.9: pricier than most peers (1st = cheapest).127th of 184
- Sales growth+31.3% against a typical +20.3% from a year earlier.54th of 147
- Profit growth+23.1% against a typical +9.4% from a year earlier.54th of 121
- Share price, 3 months−16.9% against a typical −3.8%.128th of 164
- Size₹ 4,031.9 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).22nd of 176
Latest announcements
Exchange filings and their impact on the company.
- DEE signed a no-value framework to chase nuclear piping work with a domestic EPC, adding long-term optionality but no near-term order.
DEE Development Engineers signed a Framework Agreement with an undisclosed domestic EPC contractor to jointly pursue nuclear power piping opportunities in India across PHWR, LWR and SMR projects, covering Nuclear Island and Turbine Island packages. DEE will provide pre-bid support, design and engineering, and manufacturing and supply of pipes, fittings, spools and forged pipes. The agreement itself is not an order and carries no value or timeline; future orders will be disclosed separately if secured.
- DEE won a Rs 46 cr US export order for delivery by July 2027, adding ~4% to annual revenue.
DEE Development Engineers has secured contracts worth approximately Rs 46 crore from an undisclosed US EPC company for manufacturing of modules and off-skid piping fabrication. The order was confirmed by email and is to be delivered by July 2027. The win adds about 4% to annual revenue and supports near-term export growth.
- September added Rs 225 cr orders vs Rs 130 cr execution, lifting order book to Rs 2,531 cr (~2.2x FY26 sales).
DEE Development Engineers reported September 2026 execution of Rs 129.74 cr against fresh inflow of Rs 225.17 cr, taking the closing order book to Rs 2,531.04 cr from Rs 2,435.61 cr at the start of the month. Cumulative FY27 inflow to end-September was Rs 1,178.65 cr against execution of Rs 591.52 cr. With the book at about 2.2 times last year's sales, the update points to strong revenue visibility for the next 12 months.
- Wholly-owned subsidiary won Rs 55 cr windmill tower order for execution by Aug 2027.
DEE Development Engineers said its wholly owned subsidiary DEE Fabricom India Private Limited has received an intent for supply of windmill towers worth about Rs 55 crore excluding GST. The order is from a domestic customer, for ENV 5 MW towers, to be executed by August 2027. The win adds about 4.5% to trailing revenues and supports near-term execution visibility.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A- | Stable | 10 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Oct 2025 | Reaffirmed | CARE A- | — | CARE | ₹ 1,315.08 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 21 Aug 2026 | Dividend/Other business matters | To consider dividend and other business matters |
| 4 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 3 Jun 2026 | Fund Raising | Intimation of Board Meeting to approve the proposal for raising of funds by way of issuance of Equity Shares of the Company on preferential basis. |
| 21 May 2026 | Financial Results | Board Meeting Intimation to consider and approve and take on record the financial results (Standalone and Consolidated) for the period ended March 31, 2026. |
| 3 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 4 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 179 | 210 | 243 | 185 | 194 | 162 | 286 | 224 | 270 | 287 | 362 | 294 |
| Expenses | 155 | 180 | 209 | 160 | 164 | 156 | 223 | 188 | 226 | 239 | 298 | 245 |
| Operating Profit | 24 | 30 | 35 | 25 | 30 | 6 | 64 | 36 | 44 | 48 | 64 | 50 |
| OPM % | 13% | 14% | 14% | 13% | 15% | 3.5% | 22% | 16% | 16% | 17% | 18% | 17% |
| Other Income | 8 | 3 | 6 | 3 | 16 | −1 | 3 | 4 | 5 | 1 | 4 | 2 |
| Interest | 10 | 10 | 12 | 11 | 7 | 10 | 12 | 11 | 14 | 15 | 16 | 17 |
| Depreciation | 11 | 12 | 12 | 13 | 13 | 12 | 12 | 13 | 13 | 14 | 14 | 15 |
| Profit before tax | 11 | 11 | 16 | 4 | 26 | −17 | 42 | 16 | 22 | 20 | 38 | 20 |
| Tax % | 9% | 16% | 28% | 28% | 15% | −24% | 26% | 17% | 20% | 8% | 27% | 20% |
| Net Profit | 10 | 9 | 12 | 3 | 22 | −13 | 32 | 13 | 18 | 19 | 28 | 16 |
| EPS in Rs | 1.86 | 1.7 | 2.24 | 0.46 | 3.22 | −1.93 | 4.56 | 1.91 | 2.58 | 2.64 | 4.04 | 2.33 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 18%
- 3 Years
- 24%
- TTM
- 40%
- 10 Years
- —
- 5 Years
- 41%
- 3 Years
- 88%
- TTM
- 53%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 6%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| DEE Development Engineers | ₹ 548.40 | ₹ 4,032 Cr. | 49.1x | 4.2x | 9% | — |
| Bharat Forge | ₹ 1,709.60 | ₹ 81,734 Cr. | 89.6x | 10.9x | 11.5% | 6.5% |
| Havells India | ₹ 1,032.00 | ₹ 64,764 Cr. | 44.1x | 7.9x | — | 6.9% |
| Schaeffler India | ₹ 3,468.00 | ₹ 54,379 Cr. | 56.2x | 10.7x | — | 12% |
| Sterlite Technologies | ₹ 829.00 | ₹ 42,603 Cr. | 464.5x | 11.2x | 2.6% | 1.2% |
| R R Kabel | ₹ 2,150.60 | ₹ 26,329 Cr. | 51.2x | 10.1x | 20.8% | 5.1% |
Management
- Krishan Lalit Bansal
- Executive Chairman of the Board, Managing Director
- Brham Prakash Yadav
- Chief Financial Officer
- Pankaj Agarwal
- Chief Operating Officer
- Ranjan Kumar Sarangi
- Compliance Officer, Company Secretary
- Charu Agarwal
- Vice President - Accounts and Taxation
- Shruti Aggarwal
- Whole Time Director
- Shikha Bansal
- Whole Time Director
- Pawan Arora
- Associate Vice President - Vendor Relations Department
Prices are delayed and for information only. Nothing on this page is investment advice.