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DEE Development Engineers Limited
(DEEDEV)
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Rating:52Neutral
Price Target:
₹613.00
▲(129.76% 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
Strong historical profitability
The multi-year improvement in net income and consistently high gross margins indicates the fabrication business has demonstrated meaningful operating profitability, providing a foundation for recovery if demand normalizes.
Negative Factors
Severe revenue contraction
The abrupt deterioration undermines the durability of prior growth and suggests substantial demand, project-timing, or execution risk. Sustained weakness would reduce operating leverage and pressure future profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong historical profitability
The multi-year improvement in net income and consistently high gross margins indicates the fabrication business has demonstrated meaningful operating profitability, providing a foundation for recovery if demand normalizes.
Read all positive factors
DEE Development Engineers Limited (DEEDEV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.59B
Dividend Yield0%
Average Volume (3M)18.62K
Price to Earnings (P/E)57.1
Beta (1Y)0.80
Revenue Growth40.01%
EPS Growth49.33%
CountryIN
Employees1,111
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)65.69
Shares Outstanding75,239,440
10 Day Avg. Volume29,757
30 Day Avg. Volume18,618
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 | 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
659.09
Negative
601.61
Positive
419.55
Positive
Market Momentum
-4.85
Negative
54.11
Neutral
77.56
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 634.69, below the 50-day MA of 659.09, and below the 200-day MA of 419.55, indicating a neutral trend. The MACD of -4.85 indicates Negative momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 77.56 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹45.02B | 4.19 | ― | ― | 1.82% | -12.22% | |
68 Neutral | ₹67.56B | 23.77 | ― | 0.03% | 30.79% | 27.41% | |
65 Neutral | ₹211.38B | 64.52 | ― | 0.18% | 15.53% | 21.46% | |
57 Neutral | ₹30.37B | 26.89 | ― | 0.64% | 9.58% | 2.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹49.59B | 57.11 | ― | 0.00% | 40.01% | 49.33% | |
50 Neutral | ₹127.63B | 119.18 | ― | 0.14% | 8.55% | -74.66% |
* General Sector Average
IN:DEEDEV
DEE Development Engineers Limited
659.05
382.10
137.97%
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DEE Development Engineers Limited Corporate Events
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...
DEE Development Engineers posts June order book update and details key power tariff rulings
Jul 9, 2026
DEE Development Engineers Limited has reported its monthly execution and order position for June 2026, disclosing a total order book that closed at about ₹2,428 crore after order inflows of roughly ₹99 crore and execution of about S...
DEE Development Engineers Secures In-Principle Nod for Preferential Share Issue
Jul 1, 2026
DEE Development Engineers Limited has received in-principle approval from both BSE Limited and the National Stock Exchange of India for a preferential issue of 5,976,096 equity shares, each with a face value of Rs 10 and an issue price of Rs 502, ...
DEE Development Engineers Shareholders Clear Preferential Issue at Extraordinary Meeting
Jun 27, 2026
Shareholders of DEE Development Engineers Limited have approved a special resolution for a preferential issue of securities on a private placement basis at an Extraordinary General Meeting held on June 27, 2026. The resolution, passed with the req...
DEE Development Engineers Wins Shareholder Nod for Preferential Issue
Jun 27, 2026
Shareholders of DEE Development Engineers Limited have approved a preferential issue of securities on a private placement basis at an Extraordinary General Meeting held on June 27, 2026. The special resolution, conducted via e-voting under SEBI...
DEE Development Engineers Closes Trading Window Ahead of Q1 Results
Jun 27, 2026
DEE Development Engineers Limited has announced the closure of its trading window for designated persons, including directors, key managerial personnel, promoters, identified employees, connected persons and their immediate relatives, starting 1 J...
DEE Development Engineers’ Subsidiary Wins Rs. 64 Crore Windmill Tower Order
Jun 23, 2026
DEE Development Engineers’ wholly owned subsidiary, DEE Fabricom India, has secured a domestic order worth about Rs. 64 crore, inclusive of GST, to manufacture windmill towers for Ganeko Solar Private Limited. The contract, covering fifteen ...
DEE Development Engineers Issues Corrigendum, Plans ₹300 Crore Preferential Share Issue
Jun 18, 2026
DEE Development Engineers Limited has issued a corrigendum to its earlier Extraordinary General Meeting notice after BSE and NSE sought additional clarifications on a proposed preferential issue of equity shares. The corrigendum, approved by the F...
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....
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.