DEEDEV

DEE Development Engineers share price & financials

Price
₹703.05
Market cap
₹4.7k Cr
Sector
Capital Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 06 Aug 2026

DEE Development Engineers Limited Q1 FY27

Revenue from Operations ₹294.5 cr +32%Operating EBITDA ₹49.7 cr +39%EBITDA Margin 16.9% Profit After Tax ₹16.1 cr +22%

What went well

  • Revenue from operations for Q1 FY27 was ₹294.5 crores, up 31.6% year-on-year, driven by continued execution momentum in the piping segment.
  • Operating EBITDA for the quarter was ₹49.7 crores with a margin of 16.9%, compared with 16% in Q1FY26, and it is up by 38.7% year-on-year.
  • Profit after tax for the quarter stood at ₹16.1 crores, up 22.4% year-on-year.

What to watch

  • Around ₹25 crores of dispatches scheduled for Q1 got pushed into Q2 primarily on the oil and gas side due to export customers deferring take-offs in the Middle East.
  • The HRSG order from GE is yet to come, although an agreement exists for 15-16 units, potentially causing some delay.
Read the full call →

What DEE Development Engineers Limited does

DEE Development Engineers designs and manufactures high-pressure process piping systems, piping spools, industrial pipe fittings and modular skids for oil & gas, power (including nuclear), petrochemical and chemical plant projects, and separately fabricates heavy steel structures such as wind turbine towers and industrial stacks. It earns revenue by winning technical-commercial bids from EPC contractors and plant owners, then in-house engineers design, its plants fabricate (via induction bending, robotic welding and CNC processes), and finished spools are inspected, exported and installed at client sites. A wholly-owned subsidiary, DEE Fabricom India, runs the heavy-fabrication line from a dedicated Anjar (Gujarat) facility, while a separate non-core segment operates two biomass-based power plants in Punjab. The company is backward-integrating into seamless pipe manufacturing at Anjar to cut import dependence on high-wall-thickness pipe.

Segments

  • Process Piping Solutions
  • Heavy Fabrication
  • Gas
  • Power Generation (non-core)
Installed process piping capacity
93,500 MTPA
Manufacturing facilities
7 across India and Thailand
Installed heavy fabrication capacity
32,400 MTPA
Countries served
27+ across 4+ continents
Seamless pipe plant capacity (backward integration, India's first)
7,000 MTPA
Anjar pipe fabrication unit capacity
30,000 MTPA
Founded 1988Headquarters Faridabad (Palwal), Haryana, India Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 4 delivered 3 missed 11 open
  • Hydrogen Pilot Plant Commissioning went quiet said Q2 FY26 Promised: Within 3 months Q1 FY27: No update provided. Promise remains unaddressed.
  • Power Segment Profitability at risk said Q3 FY26 Promised: EBITDA neutral in FY27 (April 2026) Q1 FY27: PPA division reported EBIT of -1 Cr as fuel was diverted to commission new pellet plant. Management expects improvement from Q2.
  • FY26 EBITDA Margin delivered, diluted said Q3 FY25 Promised: 19% to 20% Q4 FY26: Achieved 16.7% for FY26, within the revised guidance range.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 31.3%, net profit up 23.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue194 162 286 224 270 +39%287 +77%362 +27%294 +31%
EBITDA30 6 64 36 44 +47%48 +700%64 +0%50 +39%
Net profit22 -13 32 13 18 −18%19 +246%28 −12%16 +23%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +126.7% 1Y

₹200₹400₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹282 on 10 Sept 2025 → ₹639.35. High ₹738.75 (17 Jun 2026), low ₹184.78 (27 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−2.1%
6 Aug
Q4 FY26
+5.0%
22 May
Q3 FY26
−1.6%
5 Feb
Q2 FY26
−1.0%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 20.4% a year over 2 years, FY24 to FY26. Operating margin widened to 16.8%.

Year endingFY24FY25FY26
Revenue₹789 Cr₹827 Cr₹1.1k Cr
Operating profit₹103 Cr₹125 Cr₹192 Cr
Operating margin13.1%15.1%16.8%
Interest₹40 Cr₹40 Cr₹56 Cr
Depreciation₹46 Cr₹50 Cr₹54 Cr
Net profit₹26 Cr₹44 Cr₹78 Cr
Net margin3.3%5.3%6.8%
Cash from operations₹103 Cr₹-60 Cr₹20 Cr
Free cash flow₹-31 Cr₹-224 Cr₹-165 Cr
ROCE10.0%9.0%11.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹16 Cr₹11 Cr₹11 Cr₹53 Cr₹69 Cr₹69 Cr
Reserves₹439 Cr₹401 Cr₹413 Cr₹398 Cr₹768 Cr₹821 Cr
Borrowings₹257 Cr₹290 Cr₹364 Cr₹460 Cr₹585 Cr₹705 Cr
Other liabilities₹122 Cr₹141 Cr₹176 Cr₹296 Cr₹410 Cr₹328 Cr
Total liabilities₹834 Cr₹843 Cr₹963 Cr₹1.2k Cr₹1.8k Cr₹1.9k Cr
Fixed assets₹365 Cr₹354 Cr₹381 Cr₹414 Cr₹538 Cr₹658 Cr
Capital work in progress₹2 Cr₹4 Cr₹3 Cr₹66 Cr₹131 Cr₹80 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹467 Cr₹484 Cr₹579 Cr₹727 Cr₹1.2k Cr₹1.2k Cr
Total assets₹834 Cr₹843 Cr₹963 Cr₹1.2k Cr₹1.8k Cr₹1.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jul 2026

Since Jun 2025, promoters trimmed −5.09 pp while the public added +4.39 pp. The shareholder count shrank 12% to 44,179.

Promoters
65.1%
FIIs
4.7%
DIIs
14.2%
Public
16.0%

Since Jun 2025

  • Promoters −5.09 pp
  • Public +4.39 pp
  • FIIs +3.86 pp

How it drifted, 10 quarters

Over this window promoters fell from 70.2% to 65.1% — −5.0 pp.

Jun '24Jun '25Jul '26

Ownership split by quarter, oldest first. Jun '24: Promoters 70.2%, FIIs 5.8%, DIIs 12.1%, Public 11.9%.Sep '24: Promoters 70.2%, FIIs 2.2%, DIIs 16.2%, Public 11.4%.Dec '24: Promoters 70.2%, FIIs 0.8%, DIIs 16.5%, Public 12.5%.Mar '25: Promoters 70.3%, FIIs 0.7%, DIIs 17.4%, Public 11.6%.Jun '25: Promoters 70.2%, FIIs 0.8%, DIIs 17.3%, Public 11.7%.Sep '25: Promoters 70.2%, FIIs 0.8%, DIIs 16.6%, Public 12.4%.Dec '25: Promoters 70.2%, FIIs 0.8%, DIIs 14.9%, Public 14.2%.Mar '26: Promoters 70.2%, FIIs 1.0%, DIIs 13.9%, Public 14.9%.Jun '26: Promoters 70.2%, FIIs 2.2%, DIIs 10.8%, Public 16.9%.Jul '26: Promoters 65.1%, FIIs 4.7%, DIIs 14.2%, Public 16.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jul 2026 filing

Every holder of DEE Development Engineers Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

HolderStakeChange
Krishan Lalit Bansal 47.31%−3.51 pp
DDE Piping Components Private Limited 10.01%−0.86 pp
Kotak ELSS Tax Saver Fund Mutual fund6.39%−0.12 pp
Ashima Bansal 5.85%−0.50 pp
Shikha Bansal 1.96%−0.17 pp
Tata Infrastructure Fund Mutual fund1.70%−0.15 pp
Anita Rani 0.00%unchanged
Geeta Gupta 0.00%unchanged
Madhu Bala 0.00%unchanged
Pradeep Kumar Gupta 0.00%unchanged
Sunita Aggarwal 0.00%unchanged
Sudhir Kumar Gupta 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse DEE Development Engineers Limited

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