DEE Development Engineers Limited (IN:DEEDEV)
:DEEDEV
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DEE Development Engineers Limited
(DEEDEV)
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Rating:77Outperform
Price Target:
₹463.00
▲(73.54% Upside)
Action:Reiterated
Date:04/22/26
The score is driven primarily by strong financial performance (revenue growth and margin expansion) and a powerful technical uptrend with positive momentum. Offsetting factors are recent negative operating/free cash flows and a valuation that is not clearly cheap, with no dividend support.
Positive Factors
Revenue & Margin Strength
DEEDEV's reported strong revenue growth together with robust gross profit and healthy EBIT/EBITDA margins indicate durable operational efficiency and pricing power in its manufacturing niche. Sustained top-line expansion and margin improvement support longer-term cash generation and reinvestment capacity from core operations.
Negative Factors
Negative Operating & Free Cash Flow
The recent negative operating and free cash flows show inefficiency in converting profits to cash, creating near-term liquidity pressure. Persistent negative OCF can force reliance on external financing for working capital and capex, constrain discretionary spending, and raise refinancing or covenant risks over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Strength
DEEDEV's reported strong revenue growth together with robust gross profit and healthy EBIT/EBITDA margins indicate durable operational efficiency and pricing power in its manufacturing niche. Sustained top-line expansion and margin improvement support longer-term cash generation and reinvestment capacity from core operations.
Read all positive factors
DEE Development Engineers Limited (DEEDEV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.97B
Dividend YieldN/A
Average Volume (3M)10.50K
Price to Earnings (P/E)19.8
Beta (1Y)0.91
Revenue Growth36.04%
EPS Growth192.91%
CountryIN
Employees1,048
SectorServices
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)65.69
Shares Outstanding69,263,340
10 Day Avg. Volume8,176
30 Day Avg. Volume10,497
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.20
Price to Sales (P/S)0.20
P/FCF Ratio-0.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.2
Revenue Forecast (FY)₹15.00B
DEE Development Engineers Limited Business Overview & Revenue Model
Company Description
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 pr...
How the Company Makes Money
DEEDEV generates revenue by manufacturing custom-engineered piping components, pressure vessels, and related products for various industrial applications. These products are supplied to companies in sectors such as oil and gas, power generation, a...
DEE Development Engineers Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 79.06B | 81.77B | 77.86B | 5.87B | 4.53B |
| Gross Profit | 36.30B | 38.48B | 35.24B | 2.75B | 2.00B |
| EBITDA | 13.87B | 14.16B | 11.84B | 860.34M | 725.87M |
| Net Income | 4.42B | 4.36B | 2.62B | 129.72M | 81.97M |
Balance Sheet | |||||
| Total Assets | 18.32B | 159.35B | 120.92B | 9.66B | 8.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 562.57M | 252.92M | 18.18M | 3.39M |
| Total Debt | 5.85B | 43.07B | 46.05B | 3.64B | 2.90B |
| Total Liabilities | 9.94B | 79.29B | 75.80B | 5.43B | 4.33B |
| Stockholders Equity | 8.37B | 80.06B | 45.11B | 4.24B | 4.12B |
Cash Flow | |||||
| Free Cash Flow | -1.42B | -22.41B | -3.16B | -447.06M | 408.30M |
| Operating Cash Flow | 268.76M | -6.02B | 10.29B | 139.39M | 671.47M |
| Investing Cash Flow | -1.59B | -16.36B | -14.54B | -519.73M | -221.46M |
| Financing Cash Flow | 1.56B | 22.72B | 4.32B | 395.13M | -497.15M |
DEE Development Engineers Limited Technical Analysis
Positive
266.80
Price Trends
363.68
Positive
290.53
Positive
274.65
Positive
Market Momentum
35.80
Positive
57.49
Neutral
56.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEEDEV, the sentiment is Positive. The current price of 266.8 is below the 20-day moving average (MA) of 450.09, below the 50-day MA of 363.68, and below the 200-day MA of 274.65, indicating a bullish trend. The MACD of 35.80 indicates Positive momentum. The RSI at 57.49 is Neutral, neither overbought nor oversold. The STOCH value of 56.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DEEDEV.
DEE Development Engineers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹32.97B | 19.81 | ― | ― | 36.04% | 192.91% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹744.67M | 20.28 | ― | ― | -34.89% | -59.38% | |
46 Neutral | ₹1.25B | -678.38 | ― | ― | -61.69% | -127202.85% | |
46 Neutral | ₹1.51B | -0.64 | ― | ― | -18.68% | 29.67% | |
42 Neutral | ₹60.05M | -0.37 | ― | ― | ― | ― | |
40 Underperform | ₹3.52B | -245.92 | ― | ― | -14.41% | 98.70% |
* Services Sector Average
IN:DEEDEV
DEE Development Engineers Limited
452.25
208.40
85.46%
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DEE Development Engineers Limited Corporate Events
DEE Development Flags Limited Near-Term Impact from West Asia Conflict and Gas Supply Curbs
Mar 18, 2026
DEE Development Engineers Limited has warned of near-term disruptions to its export shipments to West Asian customers following the closure of the Strait of Hormuz due to the recent military conflict in the region, though it expects only delays un...
DEE Development Engineers’ Order Book Climbs to ₹1,913 Crore in February 2026
Mar 9, 2026
DEE Development Engineers Limited reported that its consolidated order book stood at ₹1,913.16 crore as of 28 February 2026, up from an opening level of ₹1,319.91 crore at the start of the month, with total order inflows of ₹754....
DEE Development Engineers Schedules Virtual Meet With Analysts and Investors
Mar 5, 2026
DEE Development Engineers Limited has scheduled a virtual analysts and institutional investors meeting on 10 March 2026, to be organized by Arihant Capital. The interaction will focus solely on publicly available information, with the company expl...
DEE Development Engineers Wins First INR 58 Crore Seamless Pipe Orders for New Gujarat Plant
Feb 27, 2026
DEE Development Engineers Limited has secured its first contracts for the supply of seamless pipes to a domestic customer, a joint venture between an Indian and foreign power sector conglomerate. The alloy steel seamless pipes will be produced at ...
DEE Development Engineers bags ₹173 crore in new piping contracts across India and Thailand
Feb 23, 2026
DEE Development Engineers Limited has disclosed that it, along with its material subsidiary, has secured new contracts with a combined value of about INR 173 crore, strengthening its order book in both domestic and international markets. The paren...
DEE Development Engineers Posts Strong Order Book Amid Ongoing Power Tariff Disputes
Feb 9, 2026
DEE Development Engineers Limited reported an order book of ₹1,319.91 crore as of 31 January 2026, with January order inflows of ₹92.77 crore and executions of ₹75.59 crore across its piping, heavy fabrication, and gas plant segm...
DEE Development Engineers Corrects EBITDA Figures in Q3 FY26 Investor Presentation
Feb 5, 2026
DEE Development Engineers Limited has issued a revised investor presentation for the quarter and nine months ended 31 December 2025 after identifying inadvertent errors in the earlier version filed on 4 February 2026. The company clarified that op...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.