DEE Development Engineers share price today

DEE Development Engineers Ltd's share price was ₹570.60 at the close on 4 November 2026. It has been rising for 31 weeks. That is 8.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹189 and ₹739, and at that close it sat 69% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today DEE Development Engineers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 2.4 years the share price moved +76% while the NIFTY 500 moved −4%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: foreign funds (FIIs) raised their stake for 4 quarters in a row and revenue up on a year earlier for 6 quarters in a row.

1. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 0.8% to 5.2% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹294 crore, +31.3% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), DEE Development Engineers reported revenue of ₹294 crore, up 31.3% from ₹224 crore a year earlier, and a profit of ₹16.0 crore, up 23.1% from ₹13.0 crore.

DEE Development Engineers results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

DEE Development Engineers' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

DEE Development Engineers closed at ₹570.60 on 4 November 2026, up 144.9% from ₹233.00 a year earlier (7 November 2025). Its highest weekly close since June 2024 was ₹738.75 on 17 June 2026.

DEE Development Engineers share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

130 weekly closes from 28 June 2024 to 4 November 2026.

4 Nov 2026: DEE Development Engineers closed at ₹570.60, up 12.4% on the week and down 14.0% on the month. 28 Sep 2026: DEE Development Engineers held its results call for April to June 2026. Management guided: FY27 revenue approx ₹1,500 crore remains intact; H1 approx ₹600 crore, 20-25% above prior-year H1.

Earlier

• 16 Sep 2026: ex-date for a dividend of ₹1 a share.
• Results for April to June 2026: Revenue up 31.3% and profit up 23.1% on a year earlier.

DEE Development Engineers paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.18% at the ₹570.60 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 16 September 2026.

DEE Development Engineers dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. DEE Development Engineers Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, DEE Development Engineers' management guided: FY27 revenue approx ₹1,500 crore remains intact; H1 approx ₹600 crore, 20-25% above prior-year H1.

“Even if they are delayed, we are actually happy that they are somewhat delayed because we will have more time to execute other customers' orders.”K L Bansal, on the call for April to June 2026

What management guided

• FY27 operating margin approx 19%, described as on track; FY27 order booking approx ₹2,000 crore, with more than ₹1,000 crore booked and another ₹1,000 crore over next two quarters.
• FY29-30 revenue approx ₹2,500 crore with 19-20% operating margin reaffirmed in Q&A.
• Anjar utilization approx 70% by year-end and 85-90% next year; seamless outside-customer billing from the coming quarter at approx 20% margin.
• GE engineering inputs promised before December; billing next year; Siemens Anjar approval visit 6-8 October, with execution next year and major execution following year.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When DEE Development Engineers reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: First-half execution and second-half pickup - check whether customer inputs translate into the planned seasonal acceleration.

DEE Development Engineers is not on any of our India lists this week.

DEE Development Engineers Ltd earned ₹16.0 Cr of net profit in the Jun 2026 quarter, +23.1% on the same quarter a year earlier. Full-year FY26 profit was ₹77.0 Cr. Over 6 years profit has grown 34.5% a year on average. That is 5.4% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹77.0 Cr (+75.0% on the year before).

Why profit moved: revenue changed +31.3% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −2.5% and revenue +43.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

DEE Development Engineers Ltd reported ₹294 Cr of revenue in the Jun 2026 quarter, +31.3% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 6 years it has grown 7.9% a year on average. The last full year, FY26, came in at ₹1,142 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,213 Cr.

FY26 revenue was ₹1,142 Cr, +38.1% on the year before.

Recent pace: the last four quarters grew +43.6% on average, against 7.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +40.1%, against +21.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +50.0%, against +54.3% a year (rolling over).

DEE Development Engineers Ltd's operating margin was 17.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 11.0% and 17.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.9 percentage points on the year while gross margin changed −13.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 3% of DEE Development Engineers Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹20.0 Cr of operating cash against ₹77.0 Cr of profit. After ₹221 Cr of spending on assets, free cash was −₹201 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 3% of profit came in as cash: the cash cycle got 175 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 175 days longer. The next section looks at where the cash is stuck.

DEE Development Engineers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 486 days in FY26, up from 311 days in FY21. It spent ₹501 Cr on assets over the last 3 years. Customers take 123 days to pay, and stock sits for 439 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,142 Cr, each day of that cycle ties up about ₹3.1 Cr, so roughly ₹1,521 Cr is tied up in the business at any time.

FY26: customers took 123 days to pay and stock sat for 439 days, about 14.4 months of sales sitting as stock, for a full cycle of 486 days, longer than FY21's 311.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 439 days. Customers pay about 123 days after that. Suppliers are paid at 75 days. Together that makes the 486-day cycle.

Spending on assets: ₹501 Cr over the last 3 years, against ₹147 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹84.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

DEE Development Engineers Ltd's P/E is 52.3×, in the middle of its own history: higher than 53% of past readings. Its usual P/E (the middle reading) is 49.6×, over 2.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹11.59.

Why the multiple is where it is: over the past year earnings per share moved +76.3% while the price moved +144.9%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

DEE Development Engineers Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +47.3% at its peak to +31.3% (from single-quarter figures), but the business is still expanding, with ROCE steady at 16.5%. This is based on 11 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

DEEDEV has demonstrated strong execution against its post-IPO roadmap. For FY25, the company delivered ₹848 Cr revenue and 17.1% operating margin. Management set an aggressive FY26 goal of ₹1,300 Cr revenue and 19-20% core margins. As of 9M FY26, revenue reached ₹780.4 Cr (up 44.3% on a year earlier), with October to December 2025 showing a 77% on a year earlier surge to ₹286.7 Cr. While the consolidated margin (16.6%) is slightly below the 19% goal due to power segment losses (₹36 Cr drag), the core piping business is performing at guided levels.

Regulatory and governance record

The company successfully debuted on the NSE/BSE in June 2024. A significant ongoing regulatory matter is a legal challenge filed in the Punjab and Haryana High Court against the Punjab State Electricity Regulatory Commission (PSERC) regarding a tariff reduction for its biomass power project; the company currently operates under a stay order. Recent disclosures confirm robust order inflows, including a $40 million international contract and a ₹170 crore domestic PSU order, with no related-party conflicts reported.

Checked 20 April 2026.

DEE Development Engineers Ltd earned a ROCE of 11% in FY26. That is up from a low of 5% in FY21. Its return on capital used (ROIC) is 4.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 6.7% net margin and 0.59× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 6.7% net margin × 0.59× asset turnover × 2.16× leverage (assets divided by equity) ≈ 8.5% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 7.4% − 12.0% = −4.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

DEE Development Engineers Ltd has total debt of ₹771 Cr against shareholder equity of ₹890 Cr as of Jun 2026, so its debt is 0.87× its equity. Year by year, that ratio went from 0.86 in FY23 to 0.87 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in DEE Development Engineers Ltd by 5.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 65.1% of the company. Foreign institutions moved +4.4 points over the same period, to 5.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −5.0 points over 8 quarters, to 65.1%; Foreign institutions: +4.4 points over 8 quarters, to 5.2%; Domestic institutions: −3.0 points over 8 quarters, to 13.6%.

Why the owners changed: foreign institutions moved +4.4 points and domestic institutions −3.0 points over 8 quarters, while promoters moved −5.0 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For DEE Development Engineers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

60.9 out of 100, rank 5 of 15 in Steel - Tubes/Pipes, with 89% of the evidence available.

DEE Development Engineers Ltd scores 60.9 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.4 + 9.1 + 13.6 + 11.8 = 60.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

DEE Development Engineers ranks 5 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 60.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Steel - Tubes/Pipes, all 15 compared on one page.

DEE Development Engineers is the 8th largest of 15 Steel - Tubes/Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Surya Roshni, Sambhv Steel Tubes and Venus Pipes & Tubes. Just below it: JTL Industries, Welspun Specialty Solutions and Hi-Tech Pipes.

Steel - Tubes/Pipes companies close in size

5. Surya Roshni Ltd ₹4,758 crore
6. Sambhv Steel Tubes Ltd ₹4,487 crore
7. Venus Pipes & Tubes Ltd ₹4,147 crore
8. DEE Development Engineers Ltd ₹3,818 crore
9. JTL Industries Ltd ₹2,915 crore
10. Welspun Specialty Solutions Ltd ₹2,469 crore
11. Hi-Tech Pipes Ltd ₹1,390 crore

All 15 Steel - Tubes/Pipes companies, largest first

Companies close in size in other industries

949. Share India Securities Ltd ₹3,850 crore · Finance - Capital Markets - Brokers
950. Tatva Chintan Pharma Chem Ltd ₹3,845 crore · Speciality Chemicals
951. DEE Development Engineers Ltd ₹3,818 crore
952. LCC Projects Ltd ₹3,812 crore
953. GE Power India Ltd ₹3,808 crore · Infra - General

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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