DEE Development Engineers Limited (IN:DEEDEV)
:DEEDEV
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DEE Development Engineers Limited
(DEEDEV)
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Rating:52Neutral
Price Target:
₹712.00
▲(166.87% Upside)
Action:Reiterated
Date:06/09/26
The score is held back mainly by weak financial quality: a sharp 2026 revenue/earnings drop and consistently negative free cash flow with recent negative operating cash flow. Technicals are supportive due to a strong uptrend, but overbought signals raise near-term risk. Valuation is only moderate (P/E ~25) with no dividend yield to offset fundamentals risk.
Positive Factors
High gross margins
Gross margins of ~45–47% across 2023–2025 indicate durable product-level profitability and meaningful pricing power in precision engineering. These margins provide a structural cushion against volume cyclicality, help fund R&D and quality controls, and support longer-term operating profitability even if revenues fluctuate.
Negative Factors
Severe 2026 revenue collapse
An ~85.6% revenue drop in 2026 is a material structural shock: it destroys scale economies, undermines backlog visibility, and signals contract loss or demand collapse. Such a step-change weakens long-term earnings predictability, pressures fixed-cost absorption, and can necessitate strategic restructuring or contract repricing.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Gross margins of ~45–47% across 2023–2025 indicate durable product-level profitability and meaningful pricing power in precision engineering. These margins provide a structural cushion against volume cyclicality, help fund R&D and quality controls, and support longer-term operating profitability even if revenues fluctuate.
Read all positive factors
DEE Development Engineers Limited (DEEDEV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹50.05B
Dividend YieldN/A
Average Volume (3M)10.50K
Price to Earnings (P/E)25.6
Beta (1Y)0.86
Revenue Growth38.03%
EPS Growth76.21%
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 Ratio0.36
Price to Book (P/B)2.09
Price to Sales (P/S)1.63
P/FCF Ratio-8.70
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
Established in 1988 and headquartered in Faridabad, India, DEE Development Engineers Ltd. operates as an international manufacturer specializing in prefabricated engineering solutions, pipe fittings, and intricate piping systems. The company's bus...
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
36
Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.06B | 11.42B | 81.77B | 77.86B | 5.87B | 4.53B |
| Gross Profit | 36.30B | 3.39B | 38.48B | 35.24B | 2.75B | 2.00B |
| EBITDA | 13.87B | 2.06B | 14.16B | 11.84B | 860.34M | 725.87M |
| Net Income | 4.42B | 773.57M | 4.36B | 2.62B | 129.72M | 81.97M |
Balance Sheet | ||||||
| Total Assets | 18.32B | 19.24B | 159.35B | 120.92B | 9.66B | 8.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 843.66M | 562.57M | 252.92M | 18.18M | 3.39M |
| Total Debt | 5.85B | 7.05B | 43.07B | 46.05B | 3.64B | 2.90B |
| Total Liabilities | 9.94B | 10.33B | 79.29B | 75.80B | 5.43B | 4.33B |
| Stockholders Equity | 8.37B | 8.90B | 80.06B | 45.11B | 4.24B | 4.12B |
Cash Flow | ||||||
| Free Cash Flow | -1.42B | -2.14B | -22.41B | -3.16B | -447.06M | 408.30M |
| Operating Cash Flow | 268.76M | -307.00M | -6.02B | 10.29B | 139.39M | 671.47M |
| Investing Cash Flow | -1.59B | -1.91B | -16.36B | -14.54B | -519.73M | -221.46M |
| Financing Cash Flow | 1.56B | 2.55B | 22.72B | 4.32B | 395.13M | -497.15M |
DEE Development Engineers Limited Technical Analysis
Positive
266.80
Price Trends
508.50
Positive
378.19
Positive
311.29
Positive
Market Momentum
63.84
Negative
69.38
Neutral
87.41
Negative
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 638.37, below the 50-day MA of 508.50, and below the 200-day MA of 311.29, indicating a bullish trend. The MACD of 63.84 indicates Negative momentum. The RSI at 69.38 is Neutral, neither overbought nor oversold. The STOCH value of 87.41 is Negative, 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 |
|---|---|---|---|---|---|---|---|
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹50.05B | 25.57 | ― | ― | 38.03% | 76.21% | |
51 Neutral | ₹1.54B | 5.89 | ― | ― | -6.15% | ― | |
50 Neutral | ₹640.55M | 7.25 | ― | ― | -34.89% | -59.38% | |
46 Neutral | ₹1.25B | -0.10 | ― | ― | -11.85% | -43631.89% | |
42 Neutral | ₹60.05M | -17.14 | ― | ― | ― | ― | |
40 Underperform | ₹4.08B | 310.72 | ― | ― | -41.53% | ― |
* Services Sector Average
IN:DEEDEV
DEE Development Engineers Limited
708.50
389.80
122.31%
IN:ARSSINFRA
ARSS Infrastructure Projects Limited
54.84
0.28
0.51%
IN:CANDC
C&C Constructions Ltd.
―
―
―
IN:IL&FSENGG
IL&FS Engineering & Construction Co. Ltd.
32.07
-2.43
-7.04%
IN:RKEC
RKEC Projects Ltd.
29.37
-50.18
-63.08%
IN:SADBHAV
Sadbhav Engineering Limited
8.96
-3.58
-28.55%
DEE Development Engineers Limited Corporate Events
DEE Development Engineers posts strong May order book and details power tariff outcomes
Jun 8, 2026
DEE Development Engineers reported detailed monthly execution and order book data for May 2026, showing a closing order backlog of ₹2,433.90 crore and cumulative FY 2026-27 order inflows of ₹681.85 crore, with ₹177.51 crore execu...
DEE Development Engineers Sets Record Date for Preferential Equity Issue Vote
Jun 4, 2026
DEE Development Engineers Limited has set 20 June 2026 as the record date to determine shareholders eligible to vote on a proposed preferential issue of equity shares. The move follows board approval of the preferential issue, which remains subjec...
DEE Development Engineers Clears ₹300 Crore Preferential Share Issue, Sets June EGM
Jun 4, 2026
DEE Development Engineers Limited has approved a preferential issue of up to 5,976,096 equity shares at ₹502 each, raising about ₹300 crore from both promoter and non-promoter investors, subject to shareholder and regulatory approvals....
DEE Development Engineers Plans Investor and Analyst Plant Visit at Palwal Facility
May 22, 2026
DEE Development Engineers Limited has scheduled an investor and analyst plant visit and group meeting at its Palwal, Haryana facility on May 28, 2026, at 11:00 a.m. The company has clarified that no confidential or unpublished price-sensitive info...
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....
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.