Synopsis:
DEE Development Engineers jumped sharply after reporting a stellar net profit growth of 312%, followed by a 21% increase in revenue on a year-on-year basis.
The shares of this engineering company surged over 17 percent on Monday after the company announced a robust financial performance for this quarter. In this article, we will discuss more about it in detail.
With a market capitalization of Rs 2,047 crore, the shares of DEE Development Engineers Ltd are currently trading at Rs 296 per share, representing a 22 percent decline from its 52-week high of Rs 378.95 per share. In the last one year, the stock has corrected by 22 percent.
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Q1 Highlights
DEE Development’s revenue for Q1 FY26 came in at Rs 223.75 crore, registering a 21 percent growth from Rs 184.96 crore in the same quarter last year. However, on a sequential basis, revenue declined by 22 percent from Rs 286.36 crore in Q4 FY25.
During the period, the Piping Division saw impressive revenue of Rs 196.95 crore, marking a 29.3 percent increase from Rs 152.26 crore in the same quarter last year.
Meanwhile, the Power Division brought in Rs 14.46 crore, which is a decline of 30.7 percent compared to Rs 20.85 crore a year earlier. The Heavy Fabrication Division reported revenue of Rs 14.80 crore, slightly down by 0.95 percent from Rs 14.94 crore.
Coming to its profitability, the company reported a net profit growth of 312 percent to Rs 13.14 crore in Q1 FY26 as compared to Rs 3.19 crore in Q1 FY25. However, on a QoQ basis, it declined by 58 percent from Rs 31.51 crore. As of July 31, 2025, the company’s total order book stands at Rs 1,226.6 crore.
The stock delivered an ROE and ROCE of 6.97 percent and ROCE 8.89 percent respectively, and is currently trading at a P/E of 47.42x as compared to its industry average of 38.20x.
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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