DEE Development Engineers Ltd
DEEDEVDEE Development Engineers Ltd
DEEDEV


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Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
57.73 | 3.07 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
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27.45 | 3.11 | 1.52% |
Forecast & Ratings
Detailed Forecast from 1 analyst
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Revenue
Rev. Growth
Company Profile
DEE Development Engineers is an India-based engineering company that provides specialized process piping solutions for industries such as oil and gas, power, chemicals, and other process industries.
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||
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Total Revenue | 738.64 | 513.03 | 470.84 | 614.32 | 806.85 | 808.27 | ||||||
Raw Materials | 405.59 | 199.43 | 196.03 | 228.99 | 332.27 | 689.38 | ||||||
Power & Fuel Cost | 11.69 | 9.42 | 11.66 | 15.73 | 20.44 | |||||||
Employee Cost | 88.58 | 73.96 | 79.30 | 110.95 | 138.07 | |||||||
Selling & Administrative Expenses | 37.50 | 16.59 | 32.29 | 55.37 | 61.31 | |||||||
Operating & Other expenses | 92.73 | 139.47 | 74.27 | 110.83 | 127.49 | |||||||
EBITDA | 102.55 | 74.16 | 77.29 | 92.45 | 127.27 | 118.89 | ||||||
Depreciation/Amortization | 32.83 | 35.54 | 35.90 | 37.73 | 45.07 | 49.17 | ||||||
PBIT | 69.72 | 38.62 | 41.39 | 54.72 | 82.20 | 69.72 | ||||||
Interest & Other Items | 42.58 | 29.78 | 28.10 | 34.35 | 46.69 | 40.19 | ||||||
PBT | 27.14 | 8.84 | 13.29 | 20.37 | 35.51 | 29.53 | ||||||
Taxes & Other Items | 13.79 | -5.38 | 5.10 | 7.40 | 9.30 | 5.53 | ||||||
Net Income | 13.35 | 14.22 | 8.19 | 12.97 | 26.21 | 24.00 | ||||||
EPS | 1.70 | 1.81 | 1.25 | 2.45 | 4.94 | 4.52 | ||||||
DPS | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Payout ratio | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
DEE Development Engineers Ltd | 52.86 | 3.07 | — |
JSW Steel Ltd | 26.96 | 2.98 | 0.94% |
Tata Steel Ltd | -37.78 | 1.81 | 2.68% |
Jindal Steel And Power Ltd | 14.27 | 1.89 | 0.24% |
Price Comparison
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Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.40%
Shareholding Pattern
Sep 2023
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding DEE Development Engineers Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 2.9327% | Percentage of the fund’s portfolio invested in the stock 0.89% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 45/63 (+3) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 2.2793% | Percentage of the fund’s portfolio invested in the stock 1.75% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/68 (+19) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 2.1188% | Percentage of the fund’s portfolio invested in the stock 0.50% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 55/98 (-2) |
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Events
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Dividends
Revenue from operations fell 22.7% year on year (YoY) to Rs 162 crore in the quarter ended 31 December 2024. The company reported a pre-tax loss of Rs 17.48 crore in Q3 FY25, compared to a profit before tax of Rs 10.76 crore reported in Q3 FY24. Total expenses decreased 11.4% YoY to Rs 178.59 crore in the December 2024 quarter. Cost material consumed stood at Rs 68.20 crore (down 29.79% YoY), employee benefit expenses were at Rs 41.65 crore (up 21% YoY) during the period under review. The company reported an 81.1% decline in EBITDA to Rs 5.7 crore in Q3 FY25, down from Rs 29.9 crore recorded in Q3 FY24. The EBITDA margin reduced to 3.5% compared to 14.3% posted in the previous corresponding quarter. On segmental front, revenue from Piping division stood at Rs 130.43 crore (down 27.06% YoY), revenue from Power division stood at Rs 21.02 crore (down 1.40% YoY), revenue from ) Heavy fabrication stood at Rs 11.91 crore (down 4.33% YoY), during the quarter. On nine-month basis, the company's consolidated net profit fell 15.5% to Rs 12.12 crore on 0.8% increase in revenue to Rs 540.99 crore in 9M FY25 over 9M FY24. Krishan Lalit Bansal, chairman & managing director of Dee Development Engineers (DDEL), said 'We acknowledge that the financial performance for the recent quarter has been weak, with operating income decreasing by 22.7% YoY to Rs 1,620 million (Mn). However, our order book remains strong, reaching Rs 13,937 Mn as of 31 December 2024, compared to Rs 11,921 Mn as of 30 September 2024. The weak performance this quarter can be attributed to the underutilization of capacity at our Palwal facility, which had been allocated for a significant order from one of India's leading Oil & Gas companies. This Rs 1,390 Mn project involves the establishment of India's first propane dehydrogenation (PDH) plant. As this is the first project of its kind in the country, there has been a six-month delay in obtaining drawings and material approvals, impacting the overall execution timeline. While the order was awarded in October 2023, it was initially expected to be completed by 31, March 2025. Additionally, another international order, valued over Rs 510 Mn, faced a delay due to late revisions in material specifications by the customer, resulting in execution being pushed to Q4'FY25 instead of Q3'FY25. As previously committed, we are pleased to report that we successfully expanded capacity at our New Anjar Facility II by 9,000 MT per annum in end January 2025, which strengthens our growth prospects moving forward. Furthermore, we remain on track to increase capacity by an additional 15,000 MT per annum by October 2025. We are also pleased to announce that the setup of our high-wall seamless thickness pipe plant is progressing as planned. We remain on schedule to commence commercial production by January 2026. We continue to optimize our operations and seize emerging market opportunities. Our focus remains on maintaining capital discipline, investing in new technologies, and upholding sustainable business practices. Given the prevailing market uncertainties, we will closely monitor economic trends and adjust our strategy to drive long-term value for all stakeholders. We appreciate your continued trust and support, and we look forward to achieving new milestones together.' Dee Development Engineers (DDEL) is an engineering company 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. Powered by Capital Market - Live
Net loss of DEE Development Engineers reported to Rs 13.33 crore in the quarter ended December 2024 as against net profit of Rs 9.03 crore during the previous quarter ended December 2023. Sales declined 22.72% to Rs 162.00 crore in the quarter ended December 2024 as against Rs 209.62 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales162.00209.62 -23 OPM %3.4914.28 - PBDT-5.1322.66 PL PBT-17.4810.76 PL NP-13.339.03 PL Powered by Capital Market - Live
Dee Development Engineers will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live
The headline equity benchmarks traded with substantial cuts in mid-afternoon trade as investors considered the likely consequences of Donald Trump's second term, focusing on US-China trade tensions, US Fed rate cuts, and global economic growth. The Nifty traded below the 23,200 level after hitting the day's high of 23,426.30 in early trade. Bank shares declined after advancing in the past trading session. Trading was volatile due to the weekly F&O series expiry of the Sensex today. At 14:30 IST, the barometer index, the S&P BSE Sensex, dropped 762.44 points or 0.99% to 76,290.13. The Nifty 50 index lost 186 points or 0.80% to 23,158.75. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.51% and the S&P BSE Small-Cap index declined 1.57%. The market breadth was weak. On the BSE, 1,279 shares rose and 2,613 shares fell. A total of 140 shares were unchanged. Buzzing Index: The Nifty Bank index slipped 1.21% to 48,752.50. The index gained 1.25% in the past trading session. ICICI Bank (down 2.29%), State Bank of India (down 1.57%), Axis Bank (down 1.07%), Kotak Mahindra Bank (down 0.96%), Canara Bank (down 0.84%), IDFC First Bank (down 0.69%), Federal Bank (down 0.67%), Bank of Baroda (down 0.59%), IndusInd Bank (down 0.52%) and HDFC Bank (down 0.25%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.31% to 6.853 as compared with the previous close of 6.874. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.5525, compared with its close of 85.4500 during the previous trading session. MCX Gold futures for the 5 February 2025 settlement rose 0.47% to Rs 78,917. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.47% to 108.58. The United States 10-year bond yield fell 1.47% to 4.543. In the commodities market, Brent crude for March 2025 settlement lost 99 cents, or 1.23% to $79.80 a barrel. Stocks in Spotlight: DEE Development Engineers advanced 2.88% after the firm commissioned 2nd phase of its manufacturing plant in Anjar, Gujarat, enhancing the capacity by 9,000 MT per annum. Indoco Remedies shed 0.04%. The pharmaceutical company reported standalone net loss of Rs 10.23 crore in Q3 FY25 as against net profit of Rs 20.01 crore posted in Q3 FY24. Revenue from operations stood at Rs 364.91 crore in the third quarter of FY25, down 18.61% as against Rs 448.38 crore posted in Q3 FY24. Raghav Productivity Enhancers rallied 3.12% after the company's consolidated net profit surged 64.3% to Rs 9.81 crore in Q3 FY25 as against Rs 5.97 crore posted in Q3 FY24. Revenue from operations climbed 73.6% YoY to Rs 55.04 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live
The facility's total operational capacity now stands to 12,000 MT per annum and it shall primarily cater to the jobs of oil and gas piping sector. Krishan Lalit Bansal, chairman said, 'The total investment in this facility amounts to Rs 250 crore. Of this, Rs 160 crore will be allocated to the process piping solutions plant, which has an annual capacity of 27,000 metric tons. Till now the capacity of 12,000 MT has been commissioned and company is contemplating to enhance the balance capacity of 15,000 MT shall be commissioned by October 2025. Additionally, Rs 90 crore will be invested in establishing a seamless pipe manufacturing facility specializing in high wall thickness pipes, with a planned annual production capacity of 7,000 metric tons. This seamless pipe facility is expected to be commissioned by January 2026.' 'The facility is a key element of DEE Development Engineers' long-term growth strategy, aimed at catering to the increasing demand for high-quality process piping solutions and high wall thickness pipes,' he added. Bansal added that over the next three to five years, the company is targeting a three-fold increase in revenue. The facility will drive operational efficiency and enhance the EBITDA margin. Market research projects a 7% annual growth rate for the sector over the next decade, driven by technological advancements and rising demand for oil, gas, and hydrogen solutions, stated the company. The new facility will enable it to effectively meet the rising demand for high-quality process piping solutions and thick seamless pipes, positioning to benefit from orders within this industry. The company anticipates reaching its full production capacity of 27,000 metric tons of process piping solutions by 1 October 2025, with seamless pipe production slated to begin effective from 1 January 2026. Dee Development Engineers (DDEL) is an engineering company 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 consolidated net profit surged 125.1% to Rs 22.26 crore in Q2 FY25 as against Rs 9.89 crore posted in Q2 FY24. Revenue from operations rose 8.6% YoY to Rs 194.02 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live
DEE Development Engineers has bagged an export order valued at USD 16.5 million for supply of prefabricated pipe spools. Powered by Capital Market - Live
Due to commercial issue, the company cannot disclose the name of the new customer. The said order involved the supply of prefabricated pipe spools. The order is valued at $16.5 million and it is scheduled to be completed by December 2026. Dee Development Engineers (DDEL) is an engineering company 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 consolidated net profit surged 125.1% to Rs 22.26 crore in Q2 FY25 as against Rs 9.89 crore posted in Q2 FY24. Revenue from operations rose 8.6% YoY to Rs 194.02 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live
Net profit of DEE Development Engineers rose 125.08% to Rs 22.26 crore in the quarter ended September 2024 as against Rs 9.89 crore during the previous quarter ended September 2023. Sales rose 8.63% to Rs 194.02 crore in the quarter ended September 2024 as against Rs 178.60 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales194.02178.60 9 OPM %15.3613.40 - PBDT38.6621.46 80 PBT26.1410.84 141 NP22.269.89 125 Powered by Capital Market - Live
Dee Development Engineers will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live
Dee Development Engineers announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant