Added to YB: 2026-03-10
Pitch date: 2026-03-06
DEEDEV.NS [neutral]
DEE Development Engineers Limited
+13.89%
current return
Author Info
No bio for this author
Company Info
DEE Development Engineers Limited manufactures and sells prefabricated engineering products, pipe fittings, and piping systems in India and internationally.
Market Cap
INR 19.4B
Pitch Price
INR 272.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.74
P/E
23.97
EV/Sales
2.28
Sector
Machinery
Category
turnaround
DEE Development Engineers: The Hidden Industrial Giant Quietly Riding India’s Power Boom
DEEDEV.NS (deep dive): India's largest process piping provider by capacity. Q3 rev ₹287Cr (+77% YoY), OPM 3%→17%, PAT ₹19Cr (+262%). ₹1,302Cr order book; mgmt sees ₹2,300-2,500Cr rev in FY27 at 18-20% EBITDA margin vs ~14% current. 95-98% capex done, shifting to operating leverage. New ₹110Cr seamless pipe plant (30-35% IRR, ₹450Cr revenue potential). Expanding into green hydrogen, pilot plants, nuclear piping (NPCIL qualified). Risks: power division tariff hit (₹8.57→₹3.5/unit), cyclical capex exposure, execution delays. 22x TTM P/E. FIIs exited (5.85%→0.78%), DIIs accumulated.
Read full article (14 min)