DEE Development Engineers Ltd
NSE:DEEDEV
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DEE Development Engineers Ltd
DEE Development Engineers Ltd is a IN-based company operating in Machinery industry. The company is headquartered in Faridabad, Haryana and currently employs 1,061 full-time employees. The company went IPO on 2024-06-26. DEE Development Engineers Limited is an India-based engineering company. The firm is engaged in providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. As part of its specialized process piping solutions, the Company also manufactures and supplies piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters and other customized manufactured components. The firm's business divisions include Piping Division, Power Division, and Heavy Fabrication. The firm also operate two biomass power generation plants. The company also manufacture wind turbine towers and industrial stacks through its subsidiary.
DEE Development Engineers Ltd is a IN-based company operating in Machinery industry. The company is headquartered in Faridabad, Haryana and currently employs 1,061 full-time employees. The company went IPO on 2024-06-26. DEE Development Engineers Limited is an India-based engineering company. The firm is engaged in providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. As part of its specialized process piping solutions, the Company also manufactures and supplies piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters and other customized manufactured components. The firm's business divisions include Piping Division, Power Division, and Heavy Fabrication. The firm also operate two biomass power generation plants. The company also manufacture wind turbine towers and industrial stacks through its subsidiary.
Strong Revenue Growth: DEE Development Engineers posted Q2 FY '26 revenue of INR 2,700 million, up 39.2% year-on-year, showing robust operational performance.
Margin Expansion: Operating EBITDA rose 47.9% YoY to INR 441 million in Q2, with margins improving to 16.3%, a 96 basis points increase driven by efficiency and scale.
Healthy Order Book: The order book remained strong at INR 1,308 crores as of September 30, 2025, with significant new wins in power and ongoing momentum in oil and gas.
Capacity Doubled: Commissioning of the Anjar facility expanded process piping solutions capacity to 30,000 metric tonnes per annum; seamless pipe plant set to launch January 2026.
Guidance Maintained: Management reiterated guidance for 40%-45% revenue growth over FY '25 and operating EBITDA margin of 16%-18%, despite headwinds from lower power tariffs.
Equity Raise Suspended: Improved cash inflows and new credit lines led to suspension of the planned equity fund raise for working capital.
Segment Pipeline: Power sector expected to drive near-term orders; oil and gas to see large order inflow in the next fiscal.
Hydrogen & New Products: Steps taken for hydrogen plant and pellet plant, but hydrogen opportunities are still in early stages with no major conversions yet.
