DEE Development Engineers Ltd
Incorporated in 1988, DEE Development Engineers Ltd specializes in the design, engineering, and fabrication of complex
piping systems, pressure vessels, and
heat exchangers[1]
- Market Cap ₹ 2,075 Cr.
- Current Price ₹ 300
- High / Low ₹ 400 / 226
- Stock P/E 44.7
- Book Value ₹ 113
- Dividend Yield 0.00 %
- ROCE 9.68 %
- ROE 6.00 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.74 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.60% 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 SmallCap BSE Industrials BSE IPO BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 723 | 495 | 461 | 596 | 789 | 832 | |
| 635 | 439 | 393 | 522 | 679 | 713 | |
| Operating Profit | 87 | 57 | 68 | 74 | 109 | 119 |
| OPM % | 12% | 11% | 15% | 12% | 14% | 14% |
| 16 | 18 | 10 | 19 | 18 | 28 | |
| Interest | 43 | 30 | 28 | 34 | 47 | 40 |
| Depreciation | 33 | 36 | 36 | 38 | 45 | 49 |
| Profit before tax | 27 | 9 | 13 | 20 | 36 | 58 |
| Tax % | 54% | -60% | 38% | 36% | 26% | |
| 13 | 14 | 8 | 13 | 26 | 46 | |
| EPS in Rs | 8.52 | 9.06 | 7.73 | 12.23 | 4.94 | 7.62 |
| Dividend Payout % | 6% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | 122% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 11 | 11 | 53 | 69 |
| Reserves | 422 | 439 | 401 | 413 | 398 | 712 |
| 313 | 257 | 290 | 364 | 460 | 373 | |
| 162 | 122 | 141 | 176 | 296 | 236 | |
| Total Liabilities | 913 | 834 | 843 | 963 | 1,208 | 1,389 |
| 388 | 365 | 354 | 381 | 414 | 412 | |
| CWIP | 2 | 2 | 4 | 3 | 66 | 102 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 523 | 467 | 484 | 579 | 727 | 875 | |
| Total Assets | 913 | 834 | 843 | 963 | 1,208 | 1,389 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 71 | 96 | 67 | 14 | 103 | |
| -19 | -7 | -22 | -52 | -145 | |
| -65 | -88 | -50 | 40 | 43 | |
| Net Cash Flow | -13 | 1 | -5 | 1 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 99 | 146 | 122 | 106 | 90 |
| Inventory Days | 226 | 284 | 514 | 555 | 533 |
| Days Payable | 65 | 120 | 220 | 253 | 300 |
| Cash Conversion Cycle | 259 | 311 | 416 | 407 | 323 |
| Working Capital Days | 180 | 260 | 256 | 228 | 183 |
| ROCE % | 5% | 6% | 7% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15h - Commissioning of ₹250 crore manufacturing facility in Gujarat.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ending 31st December, 2024
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Closure of Trading Window
23 Dec - Closure of trading window for insider trading compliance.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Dec 2024 - Company secured a US$ 16.5 million order.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Nov 2024 - Intimation of Analyst/Institutional Investors Meeting on 3rd December.
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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