DEE Development Engineers secures order worth ₹90 Cr for supply of windmill towers

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Synopsis: With a market capitalisation of over Rs 1,400 crore, this industrial manufacturing company’s stock surged after securing its biggest-ever order. It has also delivered a strong three-year profit CAGR of 74 percent.

A small cap stock where the company specialized in the designing and engineering of complex piping systems saw its stock in the spotlight soon after the company announced that it has bagged the most valuable order in the company history. The order value for this stood at Rs 90 Crore.

With a market cap of Rs 1,480 Cr, DEE Development Engineers Ltd saw its stock hit an intraday high of Rs 213 which is more than 2 percent higher than the previous close of Rs 208. 

News

DEE Fabricom India Private Limited, a wholly owned subsidiary of the company, has received an order for the supply of windmill towers. The order has been awarded by a domestic entity and is domestic in nature. 

The contract is scheduled to be executed between May 2026 and January 2027. The order is valued at approximately Rs 90 crore, and marks the highest-value order in its history. 

The Order Book 

In 9MFY26, DEE Development Engineers reported YTD order intake of Rs 829 crore. Order inflow was dominated by Process Piping Solutions at 93 percent, while Heavy Fabrication had only 7 percent. This reflects strong dependence on core piping projects. While in the same period of time the company has executed orders worth about Rs 793 Cr.

As of December 2025, DEE’s closing order book stood at Rs 1,303 crore. Process Piping Solutions formed Rs 1,262 crore, Heavy Fabrication Rs 41 crore, and Gas Rs 1 crore. The mix included 37 percent domestic and 63 percent export orders, indicating strong international exposure. In 9M FY26 the company has secured orders aggregating to Rs 239 crore from reputed Public Sector Undertakings.

Q3FY26 Result

In the latest quarterly result the company has seen its revenue from operations increase by 77percent YoY, from Rs 162 Cr in Q3FY25 to Rs 287 Cr in Q3FY26, while the QoQ increased by 6 percent from Rs 270 Cr. The company made a net loss of Rs 13 Cr in Q3FY25 which turned around to a net profit of Rs 19 Cr in Q3FY26, while the QoQ increased by 5 percent from Q2FY26’s Rs 18 Cr.

The company has a 3 year sales CAGR of 22 percent, while the TTM is at 36 percent. The company’s 3 year profit CAGR is at 74 percent, while the TTM number is at 251 percent. The company also has a ROCE of 9 percent and a ROE of 7 percent.

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  • Aditya Menon has cleared the CFA Level I and has over 3+ years of experience in equity analysis, investing, and sectoral research. He actively tracks financial markets to deliver clear, investor-friendly content, and has also covered real estate markets and personal finance topics in the past.

    Financial Analyst



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