The shares of this engineering company surged over 6 percent on Wednesday after the company announced that it had secured an order worth Rs 85 crore. In this article, we will discuss more about it in detail.
With a market capitalisation of Rs 2,198 crores, the shares of DEE Development Engineers Ltd are currently trading at Rs 318 per share, down by 20.5 percent from its 52-week high of Rs 400 per share. In the last month, the stock has delivered a return of 25 percent.
On Wednesday, the company, through a stock exchange filing, announced that it has signed a contract for $10 million (Rs 85.25 crore) with an international client. The scope of work is piping spool fabrication on a material basis and includes NDT, PWHT, blasting and painting, packing, and transport to the port of FOB. The order is to be completed by 28 February 2026.
As of April 30, 2025, the company’s total order book stands at Rs 1,274.6 crore. The majority of the order comes from the oil & gas segment, accounting for Rs 972.4 crore, followed by the power segment (including nuclear) at Rs 299.7 crore, and Rs 2.5 crore from process industries.
Financial Highlights
The company reported a revenue of Rs 827 crores, up by 4.82 percent from its FY24 revenue of Rs 789 crores. Additionally, the company reported a net profit growth of 69.23 percent to Rs 44 crore in FY25 from Rs 26 crores in FY24.
The stock delivered an ROE and ROCE of 6.97 percent and 8.89 percent, respectively, and is currently trading at a high P/E of 50.36x as compared to its industry average of 36.70x. DEE Development Engineers Ltd is a corporation engaged in the manufacture of prefabricated pipe systems, piping fittings, and heavy fabrication products for worldwide markets.
The company consists of three segments: Piping, the Power sector, and Heavy Fabrication. DEE serves the oil and gas industry, the power sector, petrochemicals, and others. The company also provides engineering services and biomass-based power. DEE has partnered with firms to deploy modular hydrogen systems in India and Thailand.
Written by Satyajeet Mukherjee
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