DEE Development Engineers Limited (DEEDEV) is a premier engineering company and an integrated manufacturing partner providing design-led-manufacturing process and piping solutions in India. The company specializes in manufacturing and supply of piping products, including high-pressure piping systems, piping spools, high-frequency induction pipe bends, Longitudinally Submerged Arc Welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, and modular skids.
DEE Development Engineers serves as an engineering company providing specialized process piping solutions for industries such as oil and gas, nuclear power, chemicals and other process industries through engineering, procurement and manufacturing. The company produces specialized accessories such as boiler superheater coils, de-super heaters, and other custom-engineered components and works with a wide array of complex metals, including various grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, as well as specialty materials like Inconel and Hastelloy.
The company's financial performance has shown significant growth. For Q4 FY2024-25, DEE Development Engineers Ltd's net profit jumped 165.46% to ₹31.51 crore, with consolidated net sales increasing 17.75% to ₹286.37 crore. EBITDA rose 63.87% to ₹66.12 crore, and EPS increased to ₹4.56.
For the full year FY2024-25, net profit rose 66.46% to ₹43.63 crore, while sales rose 4.89% to ₹827.36 crore. The company has an operating revenue of ₹827.36 crore on a trailing 12-month basis.
As of July 2025, the market capitalization of DEE Development Engineers Ltd is ₹2,071.62 crore. The company's 52-week high is ₹400 and 52-week low is ₹167.
• Q4 FY2024-25 Performance: Net Sales of ₹286.37 crore, Net Profit of ₹31.51 crore, EBITDA of ₹66.12 crore
• FY2024-25 Performance: Net Sales of ₹827.36 crore, Net Profit of ₹43.63 crore
• Market Capitalization: ₹2,071.62 crore (as of July 2025)
• Promoter Holding: 70.3% (Krishan Lalit Bansal)
• Debt to Equity Ratio: 9%
• Return on Equity (last 3 years): 5.52%
The company operates 6 strategically located manufacturing facilities at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan, and Bangkok in Thailand. Three of these facilities are located at Palwal, Haryana. DEE Development also operates two biomass power generation plants in Abohar and Muktsar, Punjab, with a contracted annual capacity of 8 MW and 6 MW, respectively.
Recently, the company expanded its business by getting into a new business vertical: design, engineering, fabrication, and manufacturing of pilot plants, which is carried out from the Palwal Facility Unit III. The Anjar facility expansion is on schedule for October 2025, enhancing production capacity.
DEE Development Engineers is diversifying into hydrogen production, anticipating significant business opportunities. The company acquired a 70% stake in Maldives Design Ltd and aims to enhance its hydrogen purification systems. DEE Development has partnered with an International Clean-Tech Partner to co-develop modular hydrogen production systems in India and Thailand, enhancing its clean energy portfolio. This collaboration aims to leverage both companies' strengths in hydrogen technologies and execution capabilities, aligning with India's clean energy vision.
As of June 2025, the company reported an order book update with ₹1,261.64 crore closing orders, ₹264.47 crore inflow, and ₹230.99 crore executed. The order book as on April 30, 2025, stood at ₹12,745.8 million (₹1,274.58 crore).
DEE Development Engineers Ltd was originally incorporated as "DE Development Engineers Private Limited" on March 21, 1988, later converting to a public limited company in March 2010. The chairman and managing director of the company is Krishan Lalit Bansal. The promoter holding stands at 70.3%.
The company listed on the stock exchanges on June 26, 2024, and trades on both NSE and BSE under the symbol DEEDEV. Currently, 100% of analysts recommend a 'BUY' rating for DEE Development Engineers Ltd, with an average target price of ₹380, representing a 26.67% upside potential. Search interest for DEE Development Engineers Ltd stock has increased by 250% in the last 30 days, reflecting an upward trend in search activity. While the company is reporting repeated profits, it is not currently paying out dividends.
