DEE DEVELOPMENT ENGINEERS LIMITED

About

DEE Development Engineers Limited manufactures and sells prefabricated engineering products, pipe fittings, and piping systems in India and internationally. It operates in three segments: Piping, Power, and Heavy Fabrication. The company offers pressure piping systems, piping spools, induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, and modular skids, as well as boiler superheater coils, de-super heaters, and other customized manufactured components. It also provides engineering services comprising support, pre-bid, basic, layout, material, detailed, and pipe support engineering, as well as power and process piping, modular skid and shop fabricated piping, stress analysis, and Indian boiler regulations; and wind turbine towers. In addition, the company generates biomass-based power. It serves the thermal and nuclear power, oil and gas, petrochemical and refinery, subsea, marine and offshore, process, desalination plant, cement, and other industries. DEE Development Engineers Limited was incorporated in 1988 and is headquartered in Faridabad, India.

Key Metrics

as of Sep 2026

Market Cap4,953 Cr

P/E60.40

Div Yield0.15 %

Book Value₹129.00

52w High₹760.00

52w Low₹183.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	238.00	307.00	226.00	216.00	170.00	242.00	104.00	149.00	144.00	201.00	167.00	146.00	130.00
Expenses	200.00	259.00	185.00	181.00	143.00	184.00	109.00	131.00	129.00	176.00	148.00	132.00	118.00
Operating Profit	39.00	48.00	41.00	35.00	27.00	57.00	-5.00	18.00	15.00	25.00	20.00	14.00	12.00
OPM %	16.00	16.00	18.00	16.00	16.00	24.00	-4.90	12.00	11.00	12.00	12.00	10.00	9.00
Other Income	3.00	5.00	0.00	5.00	2.00	1.00	5.00	7.00	4.00	5.00	4.00	9.00	3.00
Depreciation	11.00	10.00	10.00	9.00	9.00	8.00	8.00	9.00	9.00	11.00	8.00	7.00	7.00
Interest	16.00	16.00	14.00	13.00	10.00	10.00	9.00	6.00	10.00	8.00	8.00	8.00	7.00
Profit before tax	14.00	27.00	18.00	18.00	10.00	40.00	-18.00	10.00	1.00	11.00	7.00	7.00	0.00
Tax %	26.00	26.00	12.00	26.00	26.00	26.00	-24.00	26.00	30.00	27.00	16.00	6.00	445.00
Net Profit	11.00	20.00	16.00	13.00	7.00	29.00	-14.00	7.00	0.00	8.00	6.00	7.00	-1.00
EPS in Rs	1.52	2.93	2.24	1.92	1.03	4.25	-1.96	1.03	0.06	1.55	1.12	1.31	-1.23

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Sales	919.00	639.00	644.00	503.00	370.00	411.00	620.00	519.00
Expenses	764.00	549.00	568.00	447.00	329.00	363.00	543.00	447.00
Operating Profit	155.00	90.00	76.00	56.00	42.00	49.00	77.00	72.00
OPM %	17.00	14.00	12.00	11.00	11.00	12.00	12.00	14.00
Other Income	12.00	16.00	21.00	23.00	18.00	16.00	18.00	19.00
Interest	57.00	40.00	40.00	29.00	22.00	22.00	34.00	25.00
Depreciation	38.00	34.00	31.00	24.00	22.00	22.00	21.00	19.00
Profit before tax	72.00	32.00	26.00	26.00	16.00	21.00	40.00	47.00
Tax %	22.00	27.00	24.00	27.00	21.00	-5.00	30.00	33.00
Net Profit	56.00	23.00	20.00	19.00	12.00	22.00	28.00	32.00
EPS in Rs	8.12	3.38	3.74	17.52	11.60	14.10	17.57	20.21
Dividend Payout %	12.00	0.00	0.00	0.00	0.00	0.00	3.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Equity Capital	69.00	69.00	53.00	11.00	11.00	16.00	16.00	16.00
Reserves	818.00	755.00	443.00	464.00	446.00	479.00	456.00	430.00
Borrowings	719.00	449.00	381.00	277.00	211.00	169.00	204.00	237.00
Other Liabilities	233.00	251.00	271.00	156.00	123.00	105.00	142.00	230.00
Total Liabilities	1,839.00	1,524.00	1,147.00	908.00	790.00	768.00	819.00	913.00
Fixed Assets	524.00	301.00	291.00	248.00	211.00	215.00	226.00	220.00
CWIP	84.00	148.00	64.00	3.00	4.00	1.00	2.00	8.00
Investments	117.00	110.00	68.00	68.00	68.00	57.00	57.00	56.00
Other Assets	1,114.00	965.00	724.00	589.00	506.00	494.00	534.00	629.00
Total Assets	1,839.00	1,524.00	1,147.00	908.00	790.00	768.00	819.00	913.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash from Operating Activity	-44.00	-154.00	84.00	21.00	56.00	69.00	72.00	133.00
Cash from Investing Activity	-162.00	-149.00	-140.00	-52.00	-32.00	-10.00	-26.00	-38.00
Cash from Financing Activity	216.00	309.00	56.00	32.00	-27.00	-55.00	-60.00	-82.00
Net Cash Flow	10.00	5.00	0.00	0.00	-4.00	3.00	-14.00	14.00
Free Cash Flow	-213.00	-306.00	-45.00	-29.00	32.00	60.00	56.00	100.00
CFO/OP %	-18.00	-161.00	121.00	46.00	146.00	154.00	114.00	208.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Debtor Days	136.00	116.00	87.00	99.00	126.00	160.00	105.00	161.00
Inventory Days	434.00	708.00	487.00	490.00	476.00	280.00	222.00	344.00
Days Payable	66.00	197.00	285.00	221.00	190.00	111.00	60.00	126.00
Cash Conversion Cycle	504.00	627.00	288.00	368.00	412.00	330.00	267.00	379.00
Working Capital Days	65.00	108.00	6.00	44.00	89.00	150.00	92.00	266.00
ROCE %	9.00	7.00	8.00	7.00	6.00	6.00	11.00	—

Shareholding Pattern

% holding — latest first

Holder	Jul 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024
Promoters	65.13	70.18	70.18	70.18	70.22	70.22	70.29	70.17	70.17	70.18
FIIs	4.67	2.17	0.99	0.78	0.79	0.81	0.65	0.83	2.23	5.85
DIIs	14.16	10.79	13.91	14.87	16.60	17.33	17.43	16.53	16.16	12.11
Public	16.04	16.87	14.93	14.17	12.39	11.65	11.63	12.46	11.43	11.86
No. of Shareholders	44,179	44,165	50,143	48,034	49,098	50,039	51,116	54,609	55,246	67,136