One of the small-cap stocks engaged in providing advanced process piping solutions, including manufacturing piping products and offering engineering services, primarily catering to industries like oil and gas, power, and chemicals. The stock has jumped 7.21 percent after partly commissioning its Rs.250 crore state-of-the-art manufacturing facility in Gujarat.
Stock Price Movement
In Tuesday’s trading session, DEE Development Engineers Limited’s share jumped to an intraday high of 7.21 percent from the previous close of Rs. 300.35. The stock opened at Rs. 300 and is currently trading at Rs. 315.85, with a high of Rs. 322 and a low of Rs. 298.90. The market capitalization now stands at approximately Rs. 2,181.07 crore.
What Happened
DEE Development Engineers Limited has partially commissioned its Rs. 250 crore state-of-the-art manufacturing facility in Anjar, Gujarat, aiming to triple its revenue within the next 3-5 years. The plant’s capacity has been increased by 9,000 MT per annum, reaching 12,000 MT, and will primarily serve the oil and gas piping sector.
Of the total investment, Rs. 160 crores is allocated to a process piping solutions plant with an annual capacity of 27,000 metric tons, with 12,000 MT already commissioned. The remaining capacity of 15,000 MT is expected to be operational by October 2025.
Additionally, Rs. 90 crores will be invested in a seamless pipe facility, specializing in high wall thickness pipes, with a 7,000 MT production capacity, set to begin by January 2026.
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Products and services
DEE Development Engineers Limited manufactures a variety of products, including high-pressure piping systems, piping spools, induction pipe bends, industrial pipe fittings, pressure vessels, modular skids, and specialized accessories like boiler superheater coils and de-superheaters.
Manufacturing Facilities
The company has seven manufacturing plants across various locations, such as three in Palwal, one in Anjar (Gujarat), one in Barmer (Rajasthan), one in Numaligarh (Assam), and one in Bangkok (Thailand), supporting its diverse product range.
Recent quarter results
DEE Development Engineers Limited’s revenue has increased from Rs. 186.17 crore in Q2 FY24 to Rs. 210 crore in Q2 FY25, which has grown by 12.80 percent. The net profit has also grown by 125.08 percent, from Rs. 9.89 crore in Q2 FY24 to Rs. 22.26 crore in Q2 FY25.
Written By – Nikhil Naik
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