# DEE Development Engineers share price today (DEE Development Engineers Ltd, NSE: DEEDEV)

> DEE Development Engineers share price today: ₹521.15 at the NSE close on 3 November 2026, up 102.1% in a year. DEE Development Engineers (NSE: DEEDEV) is worth ₹3,917 crore, trades at a P/E of 47.8 and has closed between ₹188.58 and ₹738.75 over the past 52 weeks. > DEE Development Engineers Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DEEDEV · Steel - Tubes/Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/dee-development-engineers-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹521.15 (+102.1% in a year)
- P/E: 47.8× (lower than 53% of the last 2.3 years)
- Revenue (Jun 2026): ₹294 Cr (+31.3% on a year ago)
- Profit (Jun 2026): ₹16.0 Cr (+23.1% on a year ago)
- Operating margin: 17.0% (+1.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 7.4%, against a 12.0% cost of capital: −4.6 points

The main question: profits are rising, but only 3% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the DEE Development Engineers share price today? DEE Development Engineers Ltd's share price was ₹521.15 at the close on 3 November 2026. It has been rising for 31 weeks. That is 0.7% below 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 60% of the way up from that low. 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 2.3 years the share price moved +61% 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. ## What changed at DEE Development Engineers this quarter? 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. ## What are DEE Development Engineers' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹294 crore | ₹224 crore | +31.3% |
| Profit | ₹16.0 crore | ₹13.0 crore | +23.1% |
| Earnings per share | ₹2.33 | ₹1.91 | +22.0% |
| Operating margin | 17.0% | 16.0% | +1.0 points |

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.)

## What is the DEE Development Engineers share price history? DEE Development Engineers closed at ₹521.15 on 3 November 2026, up 102.1% from ₹257.90 a year earlier (31 October 2025). Its highest weekly close since June 2024 was ₹738.75 on 17 June 2026. ### DEE Development Engineers share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹534.95 | −2.6% |
| 1 month ago · 1 Oct 2026 | ₹663.20 | −21.4% |
| 6 months ago · 30 Apr 2026 | ₹417.00 | +25.0% |
| 1 year ago · 31 Oct 2025 | ₹257.90 | +102.1% |
| Earliest weekly close in our records · 28 Jun 2024 | ₹323.47 | +61.1% |
| Highest weekly close since June 2024, also the 52-week high · 17 Jun 2026 | ₹738.75 | −29.5% |
| Lowest weekly close since June 2024 · 21 Feb 2025 | ₹182.95 | +184.9% |
| 52-week low (weekly close) · 1 Feb 2026 | ₹188.58 | +176.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (130 weekly closes from 28 June 2024 to 3 November 2026.)

## What is the latest news on DEE Development Engineers? 3 Nov 2026: DEE Development Engineers closed at ₹521.15, down 2.6% on the week and down 21.4% 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. ## What dividend does DEE Development Engineers pay? DEE Development Engineers paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.19% at the ₹521.15 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 16 September 2026. ### DEE Development Engineers dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 16 Sep 2026 | ₹1 | Dividend |

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. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did DEE Development Engineers management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/57575-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026.)

## What to watch in DEE Development Engineers' next results? 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. - What to check (from the call)
- First-half execution and second-half pickup - check whether customer inputs translate into the planned seasonal acceleration. - GE engineering package and Siemens approval - check whether customer clearances move both programs into executable work. - Seamless third-party billing - check first external-customer invoices after successful trials. - Nuclear partner finalization - check completion of planned requirements before facility and pre-qualification work advances. ## Which stock lists is DEE Development Engineers on? DEE Development Engineers is not on any of our India lists this week. ## Is DEE Development Engineers profitable? 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. 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. ## How much revenue does DEE Development Engineers make, and is it growing? 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. 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). ## How much of every ₹100 of sales does DEE Development Engineers keep? 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. 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. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is DEE Development Engineers' profit turning into cash? 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. 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. ## Where does DEE Development Engineers' cash go? 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. 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. ## What is DEE Development Engineers' P/E ratio, and how does it compare with its own history? DEE Development Engineers Ltd's P/E is 47.8×, in the middle of its own history: higher than 47% 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. 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. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +76.3% while the price moved +102.1%. 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. ## Is the DEE Development Engineers business getting better or worse? 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. 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. ## What is DEE Development Engineers management's track record? 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.)

## How much does DEE Development Engineers earn on its capital? 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. 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. ## Does DEE Development Engineers have too much debt? 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. ## What is the DEE Development Engineers shareholding pattern? 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. 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. ## How far is DEE Development Engineers from balance-sheet trouble? 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. ## How does DEE Development Engineers rank in its industry? 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. ## Which companies is DEE Development Engineers compared with? DEE Development Engineers ranks 5 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 60.9 out of 100. 1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) SAMBHV · breaking out · Most evidence points up · 93% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 41.9% · Profit 100% · Operating margin change 2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 19.1% · Operating margin 12% · 100% evidence Valuation 9.6/20 · P/E 22.7× · PEG 1.74 · 65% evidence Relative strength 19.3/20 · Lead over its industry 27.9% · Lead over NIFTY 500 39% · 1 year 35.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 15.8 + 9.6 + 19.3 = 74.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [APL Apollo Tubes Ltd](https://www.sectoralpha.in/stocks/apl-apollo-tubes-ltd) APLAPOLLO · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 14.9% · Profit 24.8% · Operating margin change 0 points · 100% evidence Capital efficiency 20.8/25 · ROCE 31.8% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 45.9× · PEG 0.92 · 100% evidence Relative strength 15.4/20 · Lead over its industry 3.8% · Lead over NIFTY 500 14.7% · 1 year 20.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.5 + 20.8 + 10.4 + 15.4 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) MANINDS · leader · Most evidence points up · 96% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 10.8% · Profit 25.9% · Operating margin change 7 points · 88% evidence Capital efficiency 14.9/25 · ROCE 16.2% · Operating margin 14% · 100% evidence Valuation 11.1/20 · P/E 26.6× · PEG 0.22 · 100% evidence Relative strength 19.7/20 · Lead over its industry 31% · Lead over NIFTY 500 40% · 1 year 76.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.2 + 14.9 + 11.1 + 19.7 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) GANDHITUBE · breaking out · Most evidence points up · 96% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 11.1% · Profit 13.6% · Operating margin change 4 points · 88% evidence Capital efficiency 19.8/25 · ROCE 28.4% · Operating margin 47% · 100% evidence Valuation 16.6/20 · P/E 13.1× · PEG 0.85 · 100% evidence Relative strength 11.4/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.5% · 1 year -0.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 19.8 + 16.6 + 11.4 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. DEE Development Engineers Ltd this page DEEDEV · quiet · Evidence leans up · 89% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 40.1% · Profit 50% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 10.7% · Operating margin 17% · 100% evidence Valuation 13.6/20 · P/E 46.6× · PEG 0.62 · 65% evidence Relative strength 11.8/20 · Lead over its industry 14.2% · Lead over NIFTY 500 20.2% · 1 year 96.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.4 + 9.1 + 13.6 + 11.8 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) VENUSPIPES · leader · Evidence leans up · 96% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 21.9% · Profit 14.3% · Operating margin change 0 points · 88% evidence Capital efficiency 20.8/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 4.1/20 · P/E 39.9× · PEG 3.94 · 100% evidence Relative strength 17.3/20 · Lead over its industry 22.1% · Lead over NIFTY 500 31.6% · 1 year 41.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 20.8 + 4.1 + 17.3 = 58.3 · What this means: Relative strength against the index is 31.6%, and revenue and profit growth are weak. 7. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) JTLIND · breaking out · Evidence leans up · 78% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 19% · Profit 42.4% · Operating margin change 3.7 points · 83% evidence Capital efficiency 7.9/25 · ROCE 9.6% · Operating margin 8% · 76% evidence Valuation 12.4/20 · P/E 25.4× · PEG n/a · 50% evidence Relative strength 13.2/20 · Lead over its industry 3.4% · Lead over NIFTY 500 12.7% · 1 year 15.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 7.9 + 12.4 + 13.2 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) GOODLUCK · breaking out · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 18.8% · Profit 31.3% · Operating margin change 0 points · 100% evidence Capital efficiency 12.8/25 · ROCE 14.4% · Operating margin 9% · 100% evidence Valuation 9.7/20 · P/E 23.4× · PEG 0.94 · 100% evidence Relative strength 13.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 20% · 1 year 17.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.4 + 12.8 + 9.7 + 13.1 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) HARIOMPIPE · quiet · Evidence leans down · 81% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 10.8% · Profit 1.5% · Operating margin change 0 points · 88% evidence Capital efficiency 15.7/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 13.8× · PEG 3.05 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year -30.9% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.1 + 15.7 + 10.3 + 8.4 = 47.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) MAHSEAMLES · losing its lead · Evidence leans down · 96% evidence 43.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue -12.2% · Profit -16.1% · Operating margin change 2 points · 88% evidence Capital efficiency 12.2/25 · ROCE 14.3% · Operating margin 16% · 100% evidence Valuation 15.7/20 · P/E 9.8× · PEG 0.78 · 100% evidence Relative strength 5.6/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -5.3% · 1 year -5.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10 + 12.2 + 15.7 + 5.6 = 43.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) SCODATUBES · quiet · Evidence leans down · 64% evidence 43.2 out of 100 Growth Capital Valuation Relative
12. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) SURYAROSNI · basing · Evidence leans down · 96% evidence 39.1 out of 100 Growth Capital Valuation Relative
13. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) HITECH · basing · Most evidence points down · 96% evidence 34.4 out of 100 Growth Capital Valuation Relative
14. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) WELSPLSOL · losing its lead · Most evidence points down · 83% evidence 28.9 out of 100 Growth Capital Valuation Relative
15. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) RAMASTEEL · quiet · Most evidence points down · 96% evidence 24.2 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/steel-tubes-pipes), all 15 compared on one page. ## Which companies are close to DEE Development Engineers in size? 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: Sambhv Steel Tubes, Surya Roshni and Venus Pipes & Tubes. Just below it: JTL Industries, Welspun Specialty Solutions and Hi-Tech Pipes. ### Steel - Tubes/Pipes companies close in size

1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) ₹4,487 crore
2. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) ₹4,436 crore
3. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) ₹4,147 crore
4. DEE Development Engineers Ltd ₹3,818 crore
5. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) ₹2,915 crore
6. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) ₹2,469 crore
7. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) ₹1,390 crore

[All 15 Steel - Tubes/Pipes companies, largest first](https://www.sectoralpha.in/sectors/steel-tubes-pipes#all-companies)

### Companies close in size in other industries

1. [Share India Securities Ltd](https://www.sectoralpha.in/stocks/share-india-securities-ltd) ₹3,850 crore · Finance - Capital Markets - Brokers
2. [Tatva Chintan Pharma Chem Ltd](https://www.sectoralpha.in/stocks/tatva-chintan-pharma-chem-ltd) ₹3,845 crore · Speciality Chemicals
3. DEE Development Engineers Ltd ₹3,818 crore
4. [LCC Projects Ltd](https://www.sectoralpha.in/stocks/lcc-projects-ltd) ₹3,812 crore
5. [GE Power India Ltd](https://www.sectoralpha.in/stocks/ge-power-india-ltd) ₹3,808 crore · Infra - General

## What else do people ask about DEE Development Engineers? ### What is DEE Development Engineers's share price today? DEE Development Engineers Ltd's share price is ₹521.15, +102.1% over the past year. The whole company is worth ₹3,917 Cr on the market. In the last 52 weeks it traded between ₹189 to ₹739; today it is 60% of the way up from the low, 0.7% below its 200-day average (as of 3 November 2026). ### What were DEE Development Engineers's latest quarterly results? DEE Development Engineers Ltd reported revenue of ₹294 Cr and net profit of ₹16.0 Cr for the Jun 2026 quarter. Revenue rose 31.3% and profit rose 23.1% compared with a year earlier. Earnings per share were ₹2.33. The operating margin was 17.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is DEE Development Engineers's market cap? DEE Development Engineers Ltd's market capitalisation is ₹3,917 Cr at a share price of ₹521.15. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is DEE Development Engineers performing? DEE Development Engineers Ltd's share price has been rising for 31 weeks. In its latest quarter, revenue rose 31.3% and profit rose 23.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will DEE Development Engineers's share price go up? This page does not forecast DEE Development Engineers Ltd's share price. What it shows instead: the share price is ₹521.15, and it has been rising for 31 weeks. Its P/E of 47.8× is higher than 47% of its own last 2 years (as of 3 November 2026). ### Where is DEE Development Engineers in its business cycle? DEE Development Engineers Ltd's FY26 operating margin was 17.0%, against a 7-year range of 11.0% to 17.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 17.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the DEE Development Engineers story? The main question: profits are rising, but only 3% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is DEE Development Engineers a stock worth studying right now? What the numbers show: DEE Development Engineers Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a DEE Development Engineers share price forecast for 2026? What management itself guided: FY27 revenue approx ₹1,500 crore remains intact; H1 approx ₹600 crore, 20-25% above prior-year H1. ### Where does this page get DEE Development Engineers' management information? From DEE Development Engineers' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.