DEE Development Engineers

NSE: DEEDEVBSE: 544198
Compare with peers
₹ 548.40▲ 0.1 (+0.02%)28 Oct, 03:29 pm IST
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.

  • 16 Oct 2026AgreementsLow impactPositivePrice −0.7% that day
    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.

    Filing
  • 15 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −6.3% that day
    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.

    Filing
  • 9 Oct 2026UpdatesMedium impactPositivePrice −0.7% that day
    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.

    Filing
  • 8 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −2.5% that day
    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.

    Filing

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
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CARECARE A-Stable10 Oct 2025
Credit rating actions
RatingDetails
10 Oct 2025
Reaffirmed
CARE A-—CARE₹ 1,315.08 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
21 Aug 2026Dividend/Other business mattersTo consider dividend and other business matters
4 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
3 Jun 2026Fund RaisingIntimation 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 2026Financial ResultsBoard 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 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
4 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters

Share price

1M change −16.34%
1 of 4 filing days came with a big price moveBiggest −6.3% on 15 Oct 2026AI reading matched the move 0 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales179210243185194162286224270287362294
Expenses155180209160164156223188226239298245
Operating Profit24303525306643644486450
OPM %13%14%14%13%15%3.5%22%16%16%17%18%17%
Other Income836316−1345142
Interest10101211710121114151617
Depreciation111212131312121313141415
Profit before tax111116426−17421622203820
Tax %9%16%28%28%15%−24%26%17%20%8%27%20%
Net Profit10912322−13321318192816
EPS in Rs1.861.72.240.463.22−1.934.561.912.582.644.042.33

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
18%
3 Years
24%
TTM
40%
Compounded Profit Growth
10 Years
—
5 Years
41%
3 Years
88%
TTM
53%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
6%
3 Years
8%
TTM
—

Shareholding

Latest: Jul 2026.

Promoters
65.13%
−5.09 pts in a year
FIIs
4.67%
+3.88 pts in a year
DIIs
14.16%
−2.44 pts in a year
Public
16.04%
+3.65 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 49.1xEPS (12 months) ₹ 11.84Median P/E 49.1x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
DEE Development Engineers₹ 548.40₹ 4,032 Cr.49.1x4.2x9%—
Bharat Forge₹ 1,709.60₹ 81,734 Cr.89.6x10.9x11.5%6.5%
Havells India₹ 1,032.00₹ 64,764 Cr.44.1x7.9x—6.9%
Schaeffler India₹ 3,468.00₹ 54,379 Cr.56.2x10.7x—12%
Sterlite Technologies₹ 829.00₹ 42,603 Cr.464.5x11.2x2.6%1.2%
R R Kabel₹ 2,150.60₹ 26,329 Cr.51.2x10.1x20.8%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.