DEE Development Engineers Ltd

DEE Development Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DEE Development Engineers Ltd

₹ 281 2.26%
22 Nov - close price
Company website BSE: 544198 NSE: DEEDEV
About

Incorporated in 1988, DEE Development Engineers Ltd specializes in the design, engineering, and fabrication of complex
piping systems, pressure vessels, and
heat exchangers[1]

Key Points

Business Overview:[1][2]
a) DEEDEL is a premier engineering company and an integrated manufacturing partner providing ‘design-led-manufacturing’
process and piping solutions in India.
b) It does manufacturing and supply of piping products, including high-pressure piping systems, piping spools, high-frequency induction pipe bends, Longitudinally Submerged Arc Welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, and modular skids.
c) It produces specialized accessories such as boiler superheater coils, de-super heaters, and other custom-engineered components
d) Company works with a wide array of complex metals, including various grades
of carbon steel, stainless steel, super duplex stainless steel, alloy steel, as well as specialty materials like Inconel and Hastelloy

Website BSE NSE
  • Market Cap ₹ 1,937 Cr.
  • Current Price ₹ 281
  • High / Low ₹ 400 / 226
  • Stock P/E 89.4
  • Book Value ₹ 117
  • Dividend Yield 0.00 %
  • ROCE 8.14 %
  • ROE 4.08 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.48% over last 3 years.

* 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

Part of BSE Industrials BSE Allcap BSE IPO BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
141.37 130.00 145.77 167.48 201.21 144.00 149.06
126.88 118.49 131.58 147.84 176.49 128.61 131.34
Operating Profit 14.49 11.51 14.19 19.64 24.72 15.39 17.72
OPM % 10.25% 8.85% 9.73% 11.73% 12.29% 10.69% 11.89%
9.10 2.92 8.60 4.17 5.32 3.89 6.71
Interest 5.56 7.49 8.33 8.24 8.24 9.65 6.01
Depreciation 7.19 6.56 7.08 8.44 10.59 9.02 8.91
Profit before tax 10.84 0.38 7.38 7.13 11.21 0.61 9.51
Tax % 29.70% 444.74% 5.96% 16.41% 26.76% 29.51% 25.55%
7.62 -1.30 6.94 5.96 8.21 0.43 7.08
EPS in Rs 7.18 -1.23 1.31 1.12 1.55 0.06 1.03
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
519 620 411 370 503 644 662
447 543 363 329 447 568 584
Operating Profit 72 77 49 42 56 76 77
OPM % 14% 12% 12% 11% 11% 12% 12%
19 18 16 18 23 21 20
Interest 25 34 22 22 29 40 32
Depreciation 19 21 22 22 24 31 37
Profit before tax 47 40 21 16 26 26 28
Tax % 33% 30% -5% 21% 27% 24%
32 28 22 12 19 20 22
EPS in Rs 20.21 17.57 14.10 11.60 17.52 3.74 3.76
Dividend Payout % 0% 3% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 16%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: -9%
3 Years: -4%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 11 11 53 69
Reserves 430 456 479 446 464 443 739
237 204 169 211 277 381 301
230 142 105 123 156 271 208
Total Liabilities 913 819 768 790 908 1,147 1,316
220 226 215 211 248 291 284
CWIP 8 2 1 4 3 64 100
Investments 56 57 57 68 68 68 69
629 534 494 506 589 724 864
Total Assets 913 819 768 790 908 1,147 1,316

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
133 72 69 56 21 84
-38 -26 -10 -32 -52 -140
-82 -60 -55 -27 32 56
Net Cash Flow 14 -14 3 -4 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 161 105 160 126 99 87
Inventory Days 344 222 280 476 490 487
Days Payable 126 60 111 190 221 291
Cash Conversion Cycle 379 267 330 412 368 282
Working Capital Days 266 204 283 281 223 181
ROCE % 11% 6% 6% 7% 8%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024
70.18% 70.17%
5.85% 2.23%
12.11% 16.16%
11.86% 11.43%
No. of Shareholders 67,13655,246

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls