DEE Development Engineers Ltd
Dee Development Engineers (DDEL) provides specialized process piping solutions for industries like oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing.[1]
- Market Cap ₹ 2,336 Cr.
- Current Price ₹ 338
- High / Low ₹ 366 / 310
- Stock P/E 126
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 7.69 %
- ROE 4.00 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 128 to 99.3 days.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.73% over last 3 years.
- Earnings include an other income of Rs.22.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 519 | 620 | 411 | 370 | 503 | |
| 447 | 543 | 363 | 329 | 447 | |
| Operating Profit | 72 | 77 | 49 | 42 | 56 |
| OPM % | 14% | 12% | 12% | 11% | 11% |
| 19 | 18 | 16 | 18 | 23 | |
| Interest | 25 | 34 | 22 | 22 | 29 |
| Depreciation | 19 | 21 | 22 | 22 | 24 |
| Profit before tax | 47 | 40 | 21 | 16 | 26 |
| Tax % | 33% | 30% | -5% | 21% | 27% |
| 32 | 28 | 22 | 12 | 19 | |
| EPS in Rs | 20.21 | 17.57 | 14.10 | 11.60 | 17.52 |
| Dividend Payout % | 0% | 3% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -13% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 11 | 11 |
| Reserves | 430 | 456 | 479 | 446 | 464 |
| 237 | 204 | 169 | 211 | 268 | |
| 230 | 142 | 105 | 123 | 165 | |
| Total Liabilities | 913 | 819 | 768 | 790 | 908 |
| 220 | 226 | 215 | 211 | 239 | |
| CWIP | 8 | 2 | 1 | 4 | 3 |
| Investments | 56 | 57 | 57 | 68 | 68 |
| 629 | 534 | 494 | 506 | 598 | |
| Total Assets | 913 | 819 | 768 | 790 | 908 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 133 | 72 | 69 | 56 | 21 | |
| -38 | -26 | -10 | -32 | -52 | |
| -82 | -60 | -55 | -27 | 32 | |
| Net Cash Flow | 14 | -14 | 3 | -4 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 161 | 105 | 160 | 126 | 99 |
| Inventory Days | 344 | 222 | 280 | 476 | 490 |
| Days Payable | 126 | 60 | 111 | 190 | 221 |
| Cash Conversion Cycle | 379 | 267 | 330 | 412 | 368 |
| Working Capital Days | 266 | 204 | 283 | 281 | 222 |
| ROCE % | 11% | 6% | 6% | 8% |
Business Profile[1] The company manufactures and supplies piping products such as high-pressure piping systems, spools, high-frequency induction pipe bends, longitudinally submerged arc welding pipes, fittings, pressure vessels, stacks, modular skids, and accessories like boiler superheater coils, de-superheaters, and other customized components.