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Dee Development Eng. Overview

Dee Development Engineers Limited (DDEL) is a prominent engineering and construction company specializing in piping solutions for the oil and gas, power, and petrochemical industries. Established in 1983, the company is headquartered in Faridabad, Haryana. DDEL offers a range of services including engineering, procurement, and construction (EPC) of piping systems, pressure vessels, and heat exchangers. The company's clients include major players in the oil and gas sector, power generation companies, and chemical industries. DDEL is known for it...Read More

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Dee Development Eng. Key Financials

Market Cap ₹2790 Cr.

Stock P/E 63.9

P/B 3.3

Current Price ₹402.8

Book Value ₹ 123.5

Face Value 10

52W High ₹447.9

Dividend Yield 0%

52W Low ₹ 183.4

Dee Development Eng. Share Price

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Volume
Price

Dee Development Eng. Quarterly Price

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Dee Development Eng. Peer Comparison

Dee Development Eng. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 179 210 243 185 194 162 286 224 270 287
Other Income 8 3 6 3 16 -1 3 4 5 6
Total Income 186 212 249 188 210 161 289 228 275 292
Total Expenditure 155 180 209 160 164 156 223 188 226 239
Operating Profit 32 33 40 28 46 5 66 40 49 53
Interest 10 10 12 11 7 10 12 11 14 15
Depreciation 11 12 12 13 13 12 12 13 13 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -4
Profit Before Tax 11 11 16 4 26 -17 42 16 22 20
Provision for Tax 1 2 5 1 4 -4 11 3 5 2
Profit After Tax 10 9 12 3 22 -13 32 13 18 19
Adjustments 0 0 0 0 -0 0 0 0 0 -0
Profit After Adjustments 10 9 12 3 22 -13 32 13 18 18
Adjusted Earnings Per Share 1.9 1.7 2.2 0.5 3.2 -1.9 4.6 1.9 2.6 2.6

Dee Development Eng. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 669 673 519 542 547 723 495 461 595 789 827 1067
Other Income 7 8 27 28 19 16 18 10 19 18 21 18
Total Income 676 682 545 569 565 739 513 471 614 807 848 1084
Total Expenditure 545 581 463 475 469 636 439 394 522 680 699 876
Operating Profit 131 101 83 94 97 103 74 77 92 127 150 208
Interest 50 47 30 32 36 43 30 28 34 47 45 52
Depreciation 9 20 20 21 25 33 36 36 38 45 49 52
Exceptional Income / Expenses 0 0 0 -19 0 0 0 0 0 0 0 -4
Profit Before Tax 72 35 32 22 35 27 9 13 20 36 55 100
Provision for Tax 26 15 14 10 17 15 -5 5 7 9 12 21
Profit After Tax 46 20 18 12 18 13 14 8 13 26 44 82
Adjustments -1 1 0 0 0 1 0 0 0 0 0 0
Profit After Adjustments 45 21 18 12 18 13 14 8 13 26 44 81
Adjusted Earnings Per Share 8.2 2.7 2.3 1.6 2.3 1.7 1.8 1.5 2.4 4.9 6.3 11.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 22% 3% 2%
Operating Profit CAGR 18% 25% 8% 1%
PAT CAGR 69% 77% 28% -0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 76% NA% NA% NA%
ROE Average 7% 5% 4% 6%
ROCE Average 10% 9% 8% 10%

Dee Development Eng. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 229 373 391 406 423 438 454 412 424 451 801
Minority's Interest 3 0 0 0 0 0 0 0 0 0 0
Borrowings 65 42 71 72 76 72 51 47 62 85 71
Other Non-Current Liabilities 34 26 36 48 38 36 25 23 28 38 35
Total Current Liabilities 536 380 293 482 482 367 303 361 450 634 687
Total Liabilities 868 820 790 1009 1019 913 834 843 963 1208 1593
Fixed Assets 269 261 264 315 340 388 365 354 381 414 422
Other Non-Current Assets 5 5 64 33 44 10 14 19 21 85 198
Total Current Assets 594 555 462 661 634 515 454 470 562 708 974
Total Assets 868 820 790 1009 1019 913 834 843 963 1208 1593

Dee Development Eng. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 79 12 4 2 17 4 5 0 2 3
Cash Flow from Operating Activities -46 73 92 -29 131 71 96 67 14 103 -60
Cash Flow from Investing Activities -45 9 -57 -38 -47 -19 -7 -22 -52 -145 -164
Cash Flow from Financing Activities 169 -94 -42 64 -69 -65 -88 -50 40 43 227
Net Cash Inflow / Outflow 78 -12 -8 -3 15 -13 1 -5 1 1 3
Closing Cash & Cash Equivalent 79 67 4 2 17 4 5 0 2 3 6

Dee Development Eng. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.23 2.68 2.34 1.59 2.32 1.7 1.81 1.55 2.45 4.94 6.32
CEPS(Rs) 9.97 4.99 4.9 4.27 5.57 5.79 6.32 8.31 9.56 13.44 13.47
DPS(Rs) 0 0 0 0 0.1 0 0 0 0 0 0
Book NAV/Share(Rs) 40.58 47.48 49.84 51.77 53.96 55.81 57.9 77.67 79.87 84.55 115.06
Core EBITDA Margin(%) 18.12 13.59 10.81 12.24 14.3 11.96 11.38 14.62 12.36 13.77 15.57
EBIT Margin(%) 17.89 11.92 12.07 10.04 13.04 9.65 7.8 8.98 9.19 10.37 12.13
Pre Tax Margin(%) 10.54 5.09 6.21 4.12 6.37 3.76 1.78 2.88 3.42 4.48 6.69
PAT Margin (%) 6.76 2.87 3.54 2.29 3.33 1.75 2.84 1.78 2.18 3.31 5.27
Cash Profit Margin (%) 8 5.74 7.4 6.16 7.99 6.29 10.02 9.57 8.51 8.99 11.24
ROA(%) 6.02 2.32 2.28 1.38 1.8 1.31 1.61 0.98 1.44 2.41 3.12
ROE(%) 23.04 6.57 4.81 3.12 4.39 2.93 3.16 1.89 3.1 6.01 7.02
ROCE(%) 21.17 12.07 9.39 7.56 9.28 9.24 5.28 5.88 7.43 9.87 9.56
Receivable days 89.55 101.25 149.51 168.15 177.93 109.58 145.1 139.33 99.97 84.48 97.56
Inventory Days 117.96 130.58 126.6 135.53 178.64 135.46 159.24 168.79 162.8 158.68 217.27
Payable days 84.48 102.17 109.42 95.89 137.69 80.63 114.98 180.79 182.04 161.5 185.06
PER(x) 0 0 0 0 0 0 0 0 0 0 38.21
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 2.1
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.58 0.36 0.56 0.71 0.61 0.45 0.54 0.59 0.55 0.58 2.45
EV/Core EBITDA(x) 2.97 2.4 3.49 4.09 3.45 3.17 3.61 3.5 3.57 3.58 13.55
Net Sales Growth(%) 34.48 0.65 -22.96 4.39 0.97 32.12 -31.46 -6.93 29.2 32.45 4.89
EBIT Growth(%) 92.33 -33.75 -22.92 -12.72 30.49 -2.22 -44.62 7.19 32.22 50.21 22.1
PAT Growth(%) 136.77 -57.73 -6.12 -32.24 46.29 -30.66 11.51 -41.8 58.26 102.02 66.5
EPS Growth(%) 133.09 -67.49 -12.46 -32.24 46.29 -26.63 6.28 -14.64 58.26 102.02 27.88
Debt/Equity(x) 1.97 0.78 0.71 0.92 0.79 0.72 0.57 0.69 0.83 0.98 0.51
Current Ratio(x) 1.11 1.46 1.58 1.37 1.32 1.4 1.5 1.3 1.25 1.12 1.42
Quick Ratio(x) 0.58 0.93 1.04 0.86 0.72 0.73 0.89 0.63 0.61 0.49 0.57
Interest Cover(x) 2.43 1.75 2.06 1.7 1.96 1.64 1.3 1.47 1.59 1.76 2.23
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0.25

Dee Development Eng. Shareholding Pattern

# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.17 70.17 70.17 70.29 70.21 70.21 70.18 70.18
FII 5.85 2.23 0.83 0.65 0.81 0.79 0.78 0.98
DII 12.1 16.17 16.52 17.43 17.32 16.61 14.87 13.91
Public 11.87 11.43 12.47 11.62 11.65 12.39 14.18 14.93
Others 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100

Dee Development Eng. News

Dee Development Eng. Pros & Cons

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 161.5 to 185.06days.
  • Stock is trading at 3.3 times its book value.
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