SBI Capital Markets Limited
Equirus Capital Private Limited
Dee Development Engineers Ltd. (DDEL) is an engineering company 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. It has manufacturing experience of over three and a half decades and have been able to leverage its brand, strategically located manufacturing facilities and engineering capabilities to successfully expand business. 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 pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler super heater coils, de-super heaters and other customized manufactured components. The Company, currently is ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address complex process piping requirement arising from multiple industrial segments. The company’s manufacturing facilities had a cumulative installed capacity of 70,875 MT for the nine months ended December 31, 2023, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively.
For year/ period ended ( in lacs.)
Particulars | H1FY23 | FY22 | FY21 |
---|---|---|---|
Total Revenue | 614.32 | 470.84 | 513.03 |
Profit After Tax | 12.97 | 8.20 | 14.21 |
EPS | 2.45 | 1.53 | 2.44 |
OPM (%) | 11.62% | 14.02% | 10.84% |
PATM (%) | 2.18% | 1.78% | 2.87% |
For year/ period ended ( in Cr.)
Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
---|---|---|---|---|---|---|
*Market cap @upper band
The Company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
DDEL is one of the niche player in specialized piping solutions globally and enjoys credentials with long term relationship with renowned customers. Investors may subscribe for the medium to long term rewards.
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