DEEDEV
DEE Development Engineers Limited
Piping and heavy fabrication products for power, oil & gas and process industries
Industrials›Capital Goods›Industrial Manufacturing›Industrial Products
Key metrics
Price as of 2026-10-16
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.
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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
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Heavy fabrication | 7.4% | 40 Cr | 9 Cr | — |
| Piping division | 82.2% | 444 Cr | 26 Cr | — |
| Power division | 11.8% | 64 Cr | 11 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
| Metric | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 243 Cr | 185 Cr | 194 Cr | 162 Cr | 286 Cr | 224 Cr | 270 Cr | 287 Cr | 362 Cr | 294 Cr |
| Operating expenses (approx.) | 209 Cr | 160 Cr | 164 Cr | 156 Cr | 223 Cr | 188 Cr | 226 Cr | 239 Cr | 298 Cr | 245 Cr |
| EBITDA | 35 Cr | 25 Cr | 30 Cr | 6 Cr | 64 Cr | 36 Cr | 44 Cr | 48 Cr | 64 Cr | 50 Cr |
| OPM % | 14.2% | 13.4% | 15.4% | 3.5% | 22.2% | 16.0% | 16.3% | 16.6% | 17.6% | 16.9% |
| Other income | 6 Cr | 3 Cr | 16 Cr | -0.89 Cr | 3 Cr | 4 Cr | 5 Cr | 6 Cr | 2 Cr | 2 Cr |
| Interest | 12 Cr | 11 Cr | 7 Cr | 10 Cr | 12 Cr | 11 Cr | 14 Cr | 15 Cr | 16 Cr | 17 Cr |
| Depreciation | 12 Cr | 13 Cr | 13 Cr | 12 Cr | 12 Cr | 13 Cr | 13 Cr | 14 Cr | 14 Cr | 15 Cr |
| Profit before tax | 16 Cr | 4 Cr | 26 Cr | -17 Cr | 42 Cr | 16 Cr | 22 Cr | 20 Cr | 38 Cr | 20 Cr |
| Tax % | 28.0% | 27.5% | 14.8% | 23.8% | 25.5% | 16.7% | 20.3% | 8.4% | 26.9% | 19.8% |
| Net profit | 12 Cr | 3 Cr | 22 Cr | -13 Cr | 32 Cr | 13 Cr | 18 Cr | 19 Cr | 28 Cr | 16 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
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 495 Cr | 461 Cr | 595 Cr | 789 Cr | 827 Cr | 1,142 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 442 Cr | 396 Cr | 526 Cr | 686 Cr | 704 Cr | 951 Cr | Sign in free for the trailing twelve months |
| EBITDA | 54 Cr | 65 Cr | 69 Cr | 103 Cr | 124 Cr | 191 Cr | Sign 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 income | 18 Cr | 10 Cr | 19 Cr | 18 Cr | 21 Cr | 17 Cr | Sign in free for the trailing twelve months |
| Interest | 27 Cr | 25 Cr | 30 Cr | 40 Cr | 40 Cr | 56 Cr | Sign in free for the trailing twelve months |
| Depreciation | 36 Cr | 36 Cr | 38 Cr | 45 Cr | 49 Cr | 53 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 9 Cr | 13 Cr | 20 Cr | 36 Cr | 55 Cr | 96 Cr | Sign 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 profit | 14 Cr | 8 Cr | 13 Cr | 26 Cr | 44 Cr | 77 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹2.44 | ₹1.53 | ₹2.45 | ₹4.94 | ₹6.68 | ₹11.16 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 0.0% | 0.0% | 0.0% | 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
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 16 Cr | 11 Cr | 11 Cr | 53 Cr | 69 Cr | 69 Cr |
| Reserves | 439 Cr | 401 Cr | 413 Cr | 398 Cr | 732 Cr | 821 Cr |
| Borrowings | 257 Cr | 285 Cr | 353 Cr | 438 Cr | 409 Cr | 687 Cr |
| Other liabilities | 124 Cr | 148 Cr | 190 Cr | 320 Cr | 384 Cr | 346 Cr |
| Total liabilities | 836 Cr | 845 Cr | 966 Cr | 1,209 Cr | 1,593 Cr | 1,924 Cr |
| Fixed assets (net) | 360 Cr | 345 Cr | 365 Cr | 387 Cr | 397 Cr | 626 Cr |
| CWIP | 2 Cr | 4 Cr | 3 Cr | 66 Cr | 148 Cr | 80 Cr |
| Investments | 0.01 Cr | 0.01 Cr | 0.01 Cr | 0.01 Cr | 20 Cr | 0 Cr |
| Inventories | 184 Cr | 242 Cr | 289 Cr | 400 Cr | 585 Cr | 576 Cr |
| Trade receivables | 198 Cr | 153 Cr | 173 Cr | 194 Cr | 248 Cr | 383 Cr |
| Cash & bank | 5 Cr | 0.34 Cr | 2 Cr | 3 Cr | 6 Cr | 39 Cr |
| Other assets | 86 Cr | 100 Cr | 134 Cr | 159 Cr | 190 Cr | 219 Cr |
| Total assets | 836 Cr | 845 Cr | 966 Cr | 1,209 Cr | 1,593 Cr | 1,924 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operating activity | 96 Cr | 67 Cr | 14 Cr | 103 Cr | -60 Cr | 20 Cr |
| Cash from investing | -7 Cr | -22 Cr | -52 Cr | -145 Cr | -164 Cr | -187 Cr |
| Cash from financing | -88 Cr | -50 Cr | 40 Cr | 43 Cr | 227 Cr | 201 Cr |
| Net cash flow | 1 Cr | -5 Cr | 1 Cr | 0.71 Cr | 3 Cr | 33 Cr |
| Free cash flow (OCF − Capex) | 79 Cr | 41 Cr | -45 Cr | -32 Cr | -224 Cr | -170 Cr |
Ratios
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 days | 146 | 121 | 106 | 90 | 109 | 122 |
| Inventory days | 338 | 452 | 466 | 439 | 718 | 436 |
| Days payable | 142 | 194 | 213 | 248 | 304 | 74 |
| Cash conversion cycle | 342 | 380 | 359 | 282 | 523 | 483 |
| 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 / equity | 0.57 | 0.69 | 0.83 | 0.97 | 0.51 | 0.77 |
| Current ratio | 1.50 | 1.30 | 1.25 | 1.12 | 1.42 | 1.33 |
| Net debt / EBITDA | 4.70 | 4.41 | 5.07 | 4.25 | 3.26 | 3.39 |