This small-cap stock engaged in providing advanced process piping solutions, including manufacturing piping products and offering engineering services, jumped 2 percent after receiving an order worth Rs. 27 crore for manufacture and supply fittings for a thermal power plant.
Stock Price Movement:
With a market capitalization of Rs. 1,277.50 crores, the share of DEE Development Engineers Limited has reached an intraday high of Rs. 189 per equity share, rising nearly around 2 percent from its previous day’s close price of Rs. 185.30. Since then, the stock has retreated and is currently trading at Rs. 185 per equity share.
What Happened:
DEE Development Engineers Limited has received a letter of intent worth Rs. 27 Crores from a new customer for the manufacture and supply of fittings for a thermal power plant. The company cannot disclose the customer’s name due to commercial reasons.
This is a domestic order, and the project is expected to be completed by November 2025. This contract strengthens DEE Development Engineers’ position in the power sector, reinforcing its expertise in high-quality manufacturing and timely execution of large-scale projects.
Products and service offerings:
DEE Development Engineers Limited specializes in manufacturing a wide range of products, including high-pressure piping systems, piping spools, induction pipe bends, and industrial pipe fittings. The company also produces pressure vessels, modular skids, and specialized components such as boiler superheater coils and de-superheaters.
Manufacturing Facilities:
The company operates seven manufacturing plants in different locations, including three in Palwal, one in Anjar (Gujarat), one in Barmer (Rajasthan), one in Numaligarh (Assam), and one in Bangkok (Thailand). These facilities enable the production of a diverse range of products to meet industry demands.
Recent quarter results:
DEE Development Engineers Limited’s revenue has decreased from Rs. 210 crore in Q3 FY24 to Rs. 162 crore in Q3 FY25, which is down by 21.82 percent. The net profit has turned into a net loss, from Rs. 9 crore in Q3 FY24 to Rs. -13 crore in Q3 FY25.
Written By – Nikhil Naik
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