The shares of this small-cap company gained up to 3 percent after the company received three new work orders for the supply of pre-fabricated Stainless Steel Piping Items, valued at over USD 1,75,3244.
With a market capitalization of Rs 2,464.89 crore, the shares of Dee Development Engineers Ltd were trading at Rs 355.80 per share, decreasing around 0.68 percent as compared to the previous closing price of Rs 358.25 apiece.
Is Dee Development Engineers Ltd a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
Reason to rise:-
Today the company shares have seen positive movement in the first trading session after Dee Development Engineers Ltd’s multiple orders for the supply of pre-fabricated Stainless Steel Piping Items, valued at over USD 1,75,3244. This order was received from Bharat Heavy Electricals (NS:BHEL) Limited, Mitsubishi Heavy Industries Limited, and GE Vernova International LLC respectively.
Financial Performance:-
Looking forward to the company’s financial performance, revenue grew by 47 percent from Rs 165 crore in Q4FY23 to Rs 243 crore in Q4FY24, during the same period, the company’s net profit is stable at Rs 12 crore as compared to the corresponding year.
Capacity:-
The firm has seven production sites in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, three of which are in Palwal. The company’s manufacturing facilities had a total installed capacity of 70,875 MT for the nine months ending December 31, 2023. As of December 31, 2023, it had an order book worth Rs. 828.70 cr. and as of March 31, 2024
Ratio analysis:-
Examining the company’s crucial ratio, return on equity inclined from 3.91 percent in FY22-23 to 3.99 percent in FY23-24, while during the same time frame return on capital employed also inclined from 9.51 percent to 9.73 percent. In contrast, the net profit margin (NPM) stands at 3.07 percent in fiscal year 23-24.
Company profile:-
DEE Development Engineers Limited (DEE Pipe Systems) is an ISO-certified pipe solutions firm that offers engineering, procurement, and manufacturing services to process industries including oil and gas, electricity (including nuclear), and chemicals.
Written by:- Abhishek Singh
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