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DEE Development Engineers Limited
(DEEDEV)
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Rating:47Neutral
Price Target:
₹518.00
▲(94.15% Upside)
Action:Reiterated
Date:10/20/26
The score is held down primarily by weak financial quality—especially recurring negative free cash flow and recent negative operating cash flow—alongside a sharp 2026 revenue and earnings decline. Technicals also remain bearish with the stock trading below key moving averages and a negative MACD, despite oversold readings. Valuation adds pressure due to a high P/E and minimal dividend support.
Positive Factors
Improving Leverage
The reduction in debt relative to equity indicates improved balance-sheet flexibility compared with 2024. Lower leverage can reduce financial strain, support continued investment, and give the company greater capacity to manage operating volatility over the next several quarters.
Negative Factors
Weak Cash Generation
Recurring negative operating and free cash flow weakens the quality of reported earnings and limits the company’s ability to fund operations and investment internally. Continued cash shortfalls may increase dependence on external financing and constrain flexibility during weaker trading periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
The reduction in debt relative to equity indicates improved balance-sheet flexibility compared with 2024. Lower leverage can reduce financial strain, support continued investment, and give the company greater capacity to manage operating volatility over the next several quarters.
Read all positive factors
DEE Development Engineers Limited (DEEDEV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.96B
Dividend Yield0.19%
Average Volume (3M)17.37K
Price to Earnings (P/E)46.0
Beta (1Y)0.73
Revenue Growth40.01%
EPS Growth49.33%
CountryIN
Employees1,111
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)11.54
Shares Outstanding75,239,440
10 Day Avg. Volume19,949
30 Day Avg. Volume17,367
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...
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 | 12.13B | 11.42B | 81.77B | 77.86B | 5.87B | 4.53B |
| Gross Profit | 4.08B | 3.39B | 38.48B | 35.24B | 2.75B | 2.00B |
| EBITDA | 2.16B | 2.06B | 14.16B | 11.84B | 860.34M | 725.87M |
| Net Income | 803.05M | 773.57M | 4.36B | 2.62B | 129.72M | 81.97M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 19.24B | 159.35B | 120.92B | 9.66B | 8.45B |
| Cash, Cash Equivalents and Short-Term Investments | 392.68M | 843.66M | 562.57M | 252.92M | 18.18M | 3.39M |
| Total Debt | 0.00 | 7.05B | 43.07B | 46.05B | 3.64B | 2.90B |
| Total Liabilities | -8.90B | 10.33B | 79.29B | 75.80B | 5.43B | 4.33B |
| Stockholders Equity | 8.90B | 8.90B | 80.06B | 45.11B | 4.24B | 4.12B |
Cash Flow | ||||||
| Free Cash Flow | -779.54M | -2.14B | -22.41B | -3.16B | -447.06M | 408.30M |
| Operating Cash Flow | 32.73M | -307.00M | -6.02B | 10.29B | 139.39M | 671.47M |
| Investing Cash Flow | -853.16M | -1.91B | -16.36B | -14.54B | -519.73M | -221.46M |
| Financing Cash Flow | 1.24B | 2.55B | 22.72B | 4.32B | 395.13M | -497.15M |
DEE Development Engineers Limited Technical Analysis
Negative
266.80
Price Trends
634.41
Negative
654.80
Negative
483.58
Positive
Market Momentum
-29.26
Positive
32.91
Neutral
14.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEEDEV, the sentiment is Negative. The current price of 266.8 is below the 20-day moving average (MA) of 620.50, below the 50-day MA of 634.41, and below the 200-day MA of 483.58, indicating a neutral trend. The MACD of -29.26 indicates Positive momentum. The RSI at 32.91 is Neutral, neither overbought nor oversold. The STOCH value of 14.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹44.32B | 3.86 | ― | ― | 1.82% | -12.22% | |
68 Neutral | ₹52.98B | 18.56 | ― | 0.03% | 30.79% | 22.38% | |
65 Neutral | ₹176.30B | 52.58 | ― | 0.22% | 15.53% | 21.46% | |
57 Neutral | ₹24.59B | 20.80 | ― | 0.89% | 9.58% | 2.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹125.17B | 107.94 | ― | 0.16% | 8.55% | -74.66% | |
47 Neutral | ₹39.96B | 45.96 | ― | 0.19% | 40.01% | 49.33% |
* General Sector Average
IN:DEEDEV
DEE Development Engineers Limited
537.75
267.70
99.13%
IN:BALUFORGE
Balu Forge Industries Ltd
442.55
-174.86
-28.32%
IN:HAPPYFORGE
Happy Forging Limited
1,820.50
826.81
83.21%
IN:MMFL
MM Forgings Limited
485.95
170.16
53.88%
IN:RKFORGE
Ramkrishna Forgings Ltd
613.85
58.99
10.63%
IN:ROLEXRINGS
Rolex Rings Limited
153.60
28.75
23.03%
DEE Development Engineers Limited Corporate Events
DEE Development Engineers Inks Nuclear Piping Framework Deal with EPC Partner
Oct 16, 2026
DEE Development Engineers Limited has signed a framework agreement with a domestic EPC contractor to jointly pursue nuclear power projects in India, covering both public and private sector developments. Under this partnership, the company will foc...
DEE Development Engineers to Host Investor Plant Visit at Anjar Facility
Sep 21, 2026
DEE Development Engineers Limited has scheduled an investors and analysts plant visit at its Anjar facility in Gujarat on September 30, 2026, as part of its engagement and transparency efforts with the capital markets. The company has clarified th...
DEE Development Engineers Discloses Promoter Stake Dilution After Preferential Issue
Aug 11, 2026
DEE Development Engineers Limited has disclosed a change in promoter shareholding following a recent capital raise, highlighting its compliance with Indian takeover regulations. The Haryana-based engineering company, listed on BSE and NSE, continu...
DEE Development Engineers Promoter Stake Dips After Preferential Allotment
Aug 11, 2026
DEE Development Engineers Limited has disclosed a change in promoter shareholding following a recent preferential allotment of 5,976,096 equity shares, which led to a reduction of more than 2% in the post-issue paid-up share capital held by Chairm...
DEE Development Engineers Files Q1 FY27 Earnings Call Transcript
Aug 11, 2026
DEE Development Engineers Limited has released the transcript of its Q1 FY27 earnings conference call, held on August 6, 2026, to discuss unaudited financial results for the quarter ended June 30, 2026. The transcript, featuring comments from the ...
DEE Development Engineers Plans Q1 FY27 Earnings Call for Investors
Jul 30, 2026
DEE Development Engineers Limited has scheduled an earnings conference call on August 6, 2026 at 2:00 PM IST to discuss its operational and financial performance for the first quarter of FY27 with investors, analysts and the general public. The ca...
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.