DEEDEV

DEE Development Engineers Limited

Piping and heavy fabrication products for power, oil & gas and process industries

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹570.55
Market cap
4,293 Cr
Stock P/E
49.1
P/B
4.44
ROE (FY26)
8.7%
ROCE (FY26)
9.7%
Operating margin (FY26)
12.1%
Debt / equity (FY26)
0.77
OCF / EBITDA (FY26)
10.2%
OCF / EBITDA (3Y)
14.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

DEE Development Engineers makes engineered process piping and heavy-fabricated equipment for power, oil and gas and other process industries, selling to utilities, engineering contractors and equipment makers in India and abroad.

Company snapshot

22ndBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 82.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Heavy fabrication
7.4%
40 Cr9 Cr—
Piping division
82.2%
444 Cr26 Cr—
Power division
11.8%
64 Cr11 Cr—

Shares add up to 101% because segment revenues are before inter-segment eliminations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales243 Cr185 Cr194 Cr162 Cr286 Cr224 Cr270 Cr287 Cr362 Cr294 Cr
Operating expenses (approx.)209 Cr160 Cr164 Cr156 Cr223 Cr188 Cr226 Cr239 Cr298 Cr245 Cr
EBITDA35 Cr25 Cr30 Cr6 Cr64 Cr36 Cr44 Cr48 Cr64 Cr50 Cr
OPM %14.2%13.4%15.4%3.5%22.2%16.0%16.3%16.6%17.6%16.9%
Other income6 Cr3 Cr16 Cr-0.89 Cr3 Cr4 Cr5 Cr6 Cr2 Cr2 Cr
Interest12 Cr11 Cr7 Cr10 Cr12 Cr11 Cr14 Cr15 Cr16 Cr17 Cr
Depreciation12 Cr13 Cr13 Cr12 Cr12 Cr13 Cr13 Cr14 Cr14 Cr15 Cr
Profit before tax16 Cr4 Cr26 Cr-17 Cr42 Cr16 Cr22 Cr20 Cr38 Cr20 Cr
Tax %28.0%27.5%14.8%23.8%25.5%16.7%20.3%8.4%26.9%19.8%
Net profit12 Cr3 Cr22 Cr-13 Cr32 Cr13 Cr18 Cr19 Cr28 Cr16 Cr
EPS (₹)₹2.24₹0.60₹3.62₹-2.08₹4.56₹1.91₹2.57₹2.68₹4.00₹2.33

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales495 Cr461 Cr595 Cr789 Cr827 Cr1,142 CrSign in free for the trailing twelve months
Operating expenses (approx.)442 Cr396 Cr526 Cr686 Cr704 Cr951 CrSign in free for the trailing twelve months
EBITDA54 Cr65 Cr69 Cr103 Cr124 Cr191 CrSign in free for the trailing twelve months
OPM %10.8%14.0%11.6%13.0%15.0%16.7%Sign in free for the trailing twelve months
Other income18 Cr10 Cr19 Cr18 Cr21 Cr17 CrSign in free for the trailing twelve months
Interest27 Cr25 Cr30 Cr40 Cr40 Cr56 CrSign in free for the trailing twelve months
Depreciation36 Cr36 Cr38 Cr45 Cr49 Cr53 CrSign in free for the trailing twelve months
Profit before tax9 Cr13 Cr20 Cr36 Cr55 Cr96 CrSign in free for the trailing twelve months
Tax %-58.7%38.3%36.3%26.2%21.2%19.8%Sign in free for the trailing twelve months
Net profit14 Cr8 Cr13 Cr26 Cr44 Cr77 CrSign in free for the trailing twelve months
EPS (₹)₹2.44₹1.53₹2.45₹4.94₹6.68₹11.16Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr11 Cr11 Cr53 Cr69 Cr69 Cr
Reserves439 Cr401 Cr413 Cr398 Cr732 Cr821 Cr
Borrowings257 Cr285 Cr353 Cr438 Cr409 Cr687 Cr
Other liabilities124 Cr148 Cr190 Cr320 Cr384 Cr346 Cr
Total liabilities836 Cr845 Cr966 Cr1,209 Cr1,593 Cr1,924 Cr
Fixed assets (net)360 Cr345 Cr365 Cr387 Cr397 Cr626 Cr
CWIP2 Cr4 Cr3 Cr66 Cr148 Cr80 Cr
Investments0.01 Cr0.01 Cr0.01 Cr0.01 Cr20 Cr0 Cr
Inventories184 Cr242 Cr289 Cr400 Cr585 Cr576 Cr
Trade receivables198 Cr153 Cr173 Cr194 Cr248 Cr383 Cr
Cash & bank5 Cr0.34 Cr2 Cr3 Cr6 Cr39 Cr
Other assets86 Cr100 Cr134 Cr159 Cr190 Cr219 Cr
Total assets836 Cr845 Cr966 Cr1,209 Cr1,593 Cr1,924 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity96 Cr67 Cr14 Cr103 Cr-60 Cr20 Cr
Cash from investing-7 Cr-22 Cr-52 Cr-145 Cr-164 Cr-187 Cr
Cash from financing-88 Cr-50 Cr40 Cr43 Cr227 Cr201 Cr
Net cash flow1 Cr-5 Cr1 Cr0.71 Cr3 Cr33 Cr
Free cash flow (OCF − Capex)79 Cr41 Cr-45 Cr-32 Cr-224 Cr-170 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.1%5.5%6.5%8.5%7.9%9.7%
ROE %3.1%2.0%3.1%5.8%5.5%8.7%
Debtor days14612110690109122
Inventory days338452466439718436
Days payable14219421324830474
Cash conversion cycle342380359282523483
OCF / EBITDA %178.0%103.9%20.2%100.4%-48.6%10.2%
OCF / EBITDA % (3 years)——94.2%77.9%19.2%14.9%
Debt / equity0.570.690.830.970.510.77
Current ratio1.501.301.251.121.421.33
Net debt / EBITDA4.704.415.074.253.263.39