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DEE DEVELOPMENT ENGINEERS LIMITED Investor Presentation 2026
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Investor Presentation
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DEE piping systems
Date: 22nd May, 2026
Listing Compliance Department
| BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400001 Scrip Code: 544198 | The National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Symbol: DEEDEV |
|---|---|
Sub: Investor Presentation for the Quarter and Year Ended on 31st March 2026
Dear Sir/ Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation for the Quarter and Year Ended on 31st March, 2026.
The above information is also available on the website of the Company at www.deepiping.com.
This is for your information and record please.
Yours faithfully,
For DEE Development Engineers Limited
RANJAN
KUMAR
SARANGI
Digitally signed by
RANJAN KUMAR
SARANGI
Date: 2026.05.22
14:01:00 +05'30'
Ranjan Kumar Sarangi
Company Secretary and Compliance Officer
Membership No.: F8604
Address: Unit 1, Prithla - Tatarpur Road, Village Tatarpur
Dist. Palwal, Faridabad, Haryana - 121 102
DEE DEVELOPMENT ENGINEERS LIMITED
Regd. Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Haryana- 121102, India
Works: Unit 1, 2 & 3, Village Tatarpur, Dist. Palwal, Haryana- 121102, India
T: +91 1275 248200, F: +91 1275 248314, E: [email protected], W: www.deepiping.com
CIN: L74140HR1988PLC030225 GST Registration No. 06AACCD0207H1ZA
DEE
piping systems
DEE Development
Engineers
INVESTOR PRESENTATION
Q4 & FY26
Contents
DEE piping systems
01
About DEE
02
Business Overview
03
Financial Overview
01
רֵקָא | תִּיְפ
DEC
DIGITAL CENTER
About DEE: A Scaled, Integrated Process Piping Leader
DEE piping systems
A design-led manufacturing partner delivering end-to-end solutions for complex industrial applications
WHO WE ARE
- Founded in 1988 by Mr. K. L. Bansal, DEE has built a proven track record of 38 years in specialized process piping solutions for Power, Oil & Gas and other sectors.
- Market leader in India by installed capacity, with growing global recognition
- Known for engineering, manufacturing excellence, and customized solutions for complex projects.
WHAT WE DO
- Integrated solutions across specialized process piping systems, engineered products, and allied services
- Strong exposure to Power, Oil & Gas, Petrochemicals, Power, Fertilizers, Chemicals, and Infrastructure
- Preferred partner to marquee domestic and global customers, supported by long-standing relationships and living up to the company tag line of Make every customer a repeat customer.
MANUFACTURING & SCALE
- 7 manufacturing facilities across India and Thailand
- Strategically located footprint enables scale, faster execution, and cost optimization
- New Anjar facility commissioned, enhancing capacity and growth visibility
FY26 — A Year of Scale, Execution & Transformation
DEE piping systems
| Revenue | |
|---|---|
| FY25 | FY26 |
| 827 | 1,142 |
| 38% YoY | |
| Op. EBITDA | |
| --- | --- |
| FY25 | FY26 |
| 124 | 189 |
| 53% YoY | |
| PAT | |
| --- | --- |
| FY25 | FY26 |
| 44 | 77 |
| 77% YoY | |
| Order Book | |
| --- | --- |
| FY25 | FY26 |
| 1,228 | 1,940 |
| 58% YoY |
Corporate Actions
- New CFO appointed — Mr. Brham Prakash Yadav
Strategic Move
- Green Hydrogen clean-tech partnership signed entry into new energy segment
Capacity Milestones
- Anjar facility scaled to 30,000 MTPA — commissioned ahead of schedule
- India's first Seamless Pipe Plant(backward integration) commenced commercial production
Key Orders Won
Order book grew 58% in a single year — from ₹1,228 Cr to ₹1,940 Cr.
- ₹170 Cr domestic power orders reinforce core fabrication strength and client confidence.
- USD 40 Mn+ LOI marks breakthrough into global OEM supply chains (conversion underway).
-
₹173 Cr multi-geography orders diversify revenue across domestic and international markets.
-
₹58 Cr first seamless pipe order validates immediate demand for new Anjar capacity.
- ₹20 Cr international LOI (Taiwan) signals sustained global deal momentum.
- ~₹90 Cr windmill tower order establishes entry into renewable energy fabrication.
- ₹70 Cr Thailand inflows (March) highlight strong Southeast Asia traction.
Translating Engineering Leadership into Long-Term Value Creation
DEE piping systems
Capacity Expansion & Scalability
- Port-led growth platform
- Scalable global footprint
- Capex cycle nearing completion
Margin Improvement
- Supply-chain efficiency—led margins
- Backward integration benefits
- Core segment—led margin profile
New Revenue Drivers
- Power & Nuclear Sector Expansion
- Hydrogen Ecosystem Optionality
- Modular Skids & Ancillary Revenues
Unveiling the Dimensions of Investment Rationale
Financial Resilience
- Deleveraging
- Hedged commodity exposure
- Stable input costs
Growth Visibility & Profitability Outlook
- Clear multi-year growth visibility
- Operating leverage—driven upside margin
- Well-diversified revenue streams
High-Barrier Market Leadership
- Critical process piping focus
- Leadership position in India
- Strong entry and qualification barriers
2019年1月14日，FY26
〒1,940.07 Cr
Closing Order Book
Multi-year revenue visibility
2019年11月11日
〒1158.22 Cr
FY26 Order Executed
Proven Execution Capability
A Multi-Decade Journey of Consistent Execution
DEE piping systems
Foundation & Capability Build-Up (1988-2012)
Operating History: 38 Years
Manufacturing Footprint: Multiple locations in India + overseas execution
Scale-Up, Visibility & Capacity Expansion (2023–2025)
Installed Capacity: 93,500 MTPA (Piping) 32,400 MTPA (Heavy Fabrication)
Board Of Directors
DEE piping systems
Krishan Lalit Bansal
Promoter, Chairman & Managing Director
- Founded the company in 1988
- Extensive experience across prefabricated piping systems and the biomass power sector
- Recipient of Business Leader of the Year (2011) and Lifetime Achievement Award (2016) from the Faridabad Industrial Association
- Also honoured with the Business Excellence Award by the International Study Circle and the Rashtriya Rattan Award by the All-India National Unity Council for contributions to the industry
Shikha Bansal
Whole-time Director
- Leads strategy, finance, HR, operations, and marketing of the group
- Oversee budgeting, forecasting, costing, profitability analysis, and management reporting for the Company
- Director since December 1, 2020
- Holds a Bachelor's and Master's degree in Commerce
- Executive Certification in Business Finance from IIM, Raipur
- Postgraduate Program in Human Resource Management & Analytics from Amity Future Academy
Shruti Aggarwal
Whole-time Director
- Holds CFA (ICFAI, Tripura) degree
- Post Graduate Diploma in Management with a specialization in Finance
- Leads Operation, project execution and strategic purchase of DEE Piping, India
- Oversee functions of Heavy Fabrication and
- Oversee functions of Biomass Power generation division
Shilpi Barar
Independent Director
Holds a Bachelor's degree in Commerce and previously served as Head of Operations at Sita Singh & Sons Private Limited
Bhisham Kumar Gupta
Independent Director
Holds a Bachelor's degree in Engineering and previously served as Executive Director at Engineers India Limited
Ashwani Kumar Prabhakar
Independent Director
Bachelor's degree in Engineering; registered with the Institute of Cost Accountants of India; formerly Director General of Ordnance Factories and Chairman, Ordnance Factory Board, Ministry of Defense, Government of India
Experienced Leadership
DEE piping systems
Krishan Lalit Bansal
Promoter, Chairman & Managing Director
Brham Prakash Yadav
Chief Financial Officer
Pankaj Agarwal
Chief Operating Officer
Ranjan Kumar Sarangi
CS & Compliance Officer
Experienced Leadership
DEE piping systems
Mr. B S Jangra,
CEO - Malwa Power Private Limited
Mr. Gaurav Narang
Sr. Vice President
K. Kris
CEO – DEE Piping Systems (Thailand)
Design-to-Delivery Execution Model
DEE piping systems
Management Commentary
DEE piping systems
Krishan Lalit Bansal
Promoter, Chairman & Managing Director
"During FY26, we delivered a strong set of operating and financial results, with healthy growth in revenue, Operating EBITDA, and PAT, driven by robust execution in our piping segment catering to the oil & gas and power sector. At a macro level, India's capital expenditure cycle is gaining momentum, with corporates across infrastructure, energy, and industrial segments expected to significantly ramp up investment in plant and equipment supporting demand for project delivery and capacity expansion.
In our core business, the commencement of seamless pipe plant marks a key milestone in our growth trajectory strengthening our capabilities and capacity, expanding our presence in high-growth segments. As utilisation ramps up, the plant is expected to support operating leverage and margin improvement. The ramp-up of the 7,000 MTPA seamless pipe plant and the 30,000 MTPA Anjar pipe fabrication unit is expected to drive operating leverage and improve overall efficiencies. Margins in the core business are expected to benefit from a favorable shift in the power mix, leading to better cost efficiencies. We continue to maintain a robust order book of ₹ 1,940 Cr, providing strong revenue visibility and a healthy project pipeline across key segments, which underpins sustained execution momentum in the quarters ahead.
In the non-core power generation segment, the tariff revision at Malwa Power to ₹5.22 per kWh (from ₹3.50) marks a meaningful improvement in revenue visibility, along with a retrospective recovery of ~₹5.14 crore. The business is expected to generate ~₹80 Cr in FY27 from power and biomass pellets combined. Our biomass pellet facility recently became operational, which is expected to offset the current cash burn, stabilize segment profitability, and support margin improvement going forward. The Company continues to evaluate an APTEL appeal for further tariff optimization, while progressing restructuring initiatives to enhance long-term sustainability and operational efficiency. Additionally, we are delighted to announce the recent entry into a Reservation Agreement with an international EPC company to reserve 60% of our total HRSG pipe spool fabrication capacity, with a minimum annual job value of US$ 15.27 million.
As a leading player in engineering and piping solutions, Dee Development Engineers leverages deep technical expertise, rich industry experience, and a proven track record of successfully executing complex projects across diverse geographies. With a strong footprint across energy, infrastructure, and industrial end markets, we remain confident in our ability to deliver sustainable growth and create long term value for our stakeholders in the quarters ahead. Further, improving cash flows and operating performance are expected to support gradual reduction in debt levels going forward."
02
Business Overview
DEE
EMEA EUROPE
Diversified Business Portfolio
DEE piping systems
Piping Spools
Pre-assembled pipe sections delivered ready-to-install, reducing on-site work and speeding up project execution.
Heavy Fabrication
Large steel structures for emissions control and wind energy, manufactured to customer specifications.
Industrial pipe fittings
Critical connectors that join, resize, or redirect pipes, including custom bends for power and oil & gas projects.
Others
We manufactures PSA nitrogen, oxygen, and hydrogen gas plants, along with air dryers and industrial gas piping solutions.
Modular Piping (Skids and Modules)
Plug-and-play piping systems fully assembled offsite, enabling faster installation and lower project costs.
Power Generation
We operates two biomass power plants (Abohar & Muktsar) fueled by agricultural residues, primarily paddy straw and rice husk.
14
Quarterly & 12M Snapshot Consolidated
DEE piping systems
3M
INR Cr
12M
INR Cr
Revenue 361.6
1 26.3% YoY
2 26.1% QoQ
ROCE
NA
Revenue 1142.0
38% YoY
ROCE
9.8%
Op.EBIDTA 65.9
1 3.8% YoY
5 51.8% QoQ
Op.EBIDTA
Margin
18.2%
Op.EBIDTA
189.3*
52.9% YoY
Op.EBIDTA
Margin
16.6%
Net Profit 27.7
1 (12.2) YoY
4 49.4% QoQ
Net Profit
Margin
7.7%
Net Profit
77.2
76.9% YoY
Net Profit Margin
6.8%
Note - Consolidated Operating EBITDA of ₹189.3 crore includes Operating EBITDA loss of ₹5.8 crore in Non Core Business for FY26 and additional one time liability on account of Labour Code of ₹1.94 crore in FY26, also Q4FY26 Op.EBITDA includes impact of labour code
FY26 Order Inflow and Closing Orderbook
DEE piping systems
Order Inflow (in %)
Closing Order book (in Cr)
Segmental Highlights – Q4 & FY26
DEE piping systems
| Business | Q4 FY26 | Q3 FY26 | Q-o-Q | Q4 FY25 | Y-o-Y | FY26 | FY25 | Y-o-Y |
|---|---|---|---|---|---|---|---|---|
| Core-Business | 342 | 276 | 24% | 266 | 29% | 1086 | 745 | 46% |
| Non Core-Business | 19 | 11 | 75.2% | 20 | (5%) | 56 | 83 | (33%) |
| Total Revenue | 361 | 287 | 26% | 286 | 26% | 1142 | 827 | 38% |
Key Highlights
Core Business-:
Process Piping Solutions: Recorded revenue of ₹322 crore in Q4 FY26, in comparison to ₹258 crore in Q4 FY25, reflecting a YoY growth of 25% driven by higher execution in oil & gas sector.
Heavy Fabrications: Q4 FY26 revenue stood at ₹20 crore in comparison to ₹10 crore in Q4 FY25, up 100% YoY, led by ramp-up in windmill tower execution and structural fabrication.
Non-Core Business :-
Power generation: Q4 FY26 revenue stood at ₹19 crore, in comparison to ₹20 crore in Q4 FY25, with -5% YoY Degrowth. Tariff for the 6 MW plant (out of total 14 MW capacity) was revised to ₹5.22/kWh (from ₹3.50), with ~₹5.14 crore retrospective recovery; further optimization appeal underway at APTEL. While tariffs impacted near-term margins, management’s pivot to biomass pellets is expected to offset cash burn and drive long-term ESG-led value creation.
% Q4 FY26 Revenue from Operations Split
% Q4 FY26 Core Revenue Split
Core Business Performance
DEE piping systems
Robust Core Business Performance Driving Value Creation
Core Business
(₹ in Cr)
3M
12M
Revenue
▲ 342.5
29% YoY
1086.5
46% YoY
Op. EBIDTA
▲ 66.4
195.1
10% YoY
82% YoY
Op. EBIDTA Margin
▲ 19.4
-320 bps YoY
18.0
360 bps YoY
INR Cr
Steady Revenue Growth
Solid Profitability
Sustained High Margin
Core Business Highlights
DEE piping systems
Positioned for global capex upcycle, enabling sustained volume and order inflow growth
Largest process piping capacity in India:
Piping:- 93,500 MTPA,
Heavy Fabrication:- 32,400MTPA,
supporting scale-led execution and market leadership
Diversification into heavy fabrication and sunrise sectors expands addressable market and long-term growth runway
Strong engineering depth (730+ specialists) creates high entry barriers, pricing power, and customer retention
Backward integration via seamless pipe plant (Ongoing) reduces import dependence and enhances gross margins
Healthy order book of ₹1,940 crore ensures strong revenue visibility and execution stability through FY26 and beyond
Core Business – Specialized Process Piping Solutions
DEE piping systems
DEE is India's largest player in process piping solutions in terms of installed capacity, providing end-to-end design-led-manufacturing.
Diverse Product Portfolio
Manufactures high-pressure piping systems, piping spools, industrial pipe fittings, induction pipe bends, and pressure vessels.
Material Expertise
Specialises in handling complex metals including carbon steel, stainless steel, super duplex stainless steel, alloy steel, and high-performance materials like Inconel and Hastelloy
Sector Focus & Global Reach
Primarily serves the Oil & Gas, Power (including Nuclear), and Chemical sectors across 27+ countries, including Canada, the USA, Italy, and Japan.
Operational Excellence
Utilises automated systems like robotic welding and high-frequency induction bending to ensure high-quality standards and cost-efficiency.
Comprehensive Services
Offers a full suite of services including pre-bid, basic, and detailed engineering; pre-fabrication services (cutting, CNC bevelling, and robotic welding); and advanced non-destructive examination (NDE) such as digital radiography.
Core Business – Heavy Fabrication & Infrastructure
DEE piping systems
This segment supports the renewable energy sector-wind and critical industrial infrastructure through large-scale engineering and assembly.
Wind Turbine Towers
> Manufactures custom tubular steel windmill towers delivered in sections (12 to 33 metres) with integrated working platforms and fall protection systems.
Industrial Stacks
> Produces chimney stacks ranging from 30 to 140 metres for exhausting flue gases in oil, gas, and process industries.
Manufacturing Base
> Core operations are handled by the wholly-owned subsidiary DEE Fabricom India Private Limited (DFIPL) at its dedicated facility in Anjar, Gujarat.
Strategic Expansion & Integration:
Capacity Growth: Total process piping capacity is increasing to 30,000 MTPA at the Anjar facility to meet growing domestic and export demand.
Backward Integration: Establishing a Seamless Pipe Manufacturing Plant at Anjar to produce high-wall thickness pipes, currently a 100% import-dependent item in India.
Strategically Positioned Global Manufacturing & Service Footprint
DEE piping systems
INDIA
1. Palwal, Haryana
Operates three units with a combined capacity of 36,000 MT
Unit I focuses on high-pressure piping and induction bends – 9,000 MT
Unit II handles industrial fittings – 3,000 MT
Unit III is dedicated to piping spools and systems. – 24,000 MT
2. Anjar, Gujarat
Anjar Support & Structure Fabrication Unit – 3,000 MT
Anjar Heavy Fabrication – 32,400 MT
Anjar Pipe Fabrication Unit – 30,000 MT
Anjar Seamless Plant – 7,000 MT
3. Numaligarh (Assam)
Numaligarh Pipe Fabrication Unit – 6,000 MT
4. Chennai
Engineering Service
5. Punjab
Power Generation
Abohar Biomass – 8 MW
Muktsar Biomass – 6 MW
THAILAND
5. Bangkok, Thailand
Fabrication – 14,500 MTPA
The company operates India's largest process piping capacity across seven facilities in India and Thailand, with installed capacity of 93,500 MTPA in Piping division & 32,400 MTPA in Heavy Fabrication division
Scaling Up Through New Facilities
DEE piping systems
Anjar - Seamless Pipe Plant
7,000 MTPA Capacity
Seamless Pipe
Strategic backward integration to strengthen core manufacturing
Cost optimization through in-house production
Supply security and reduced dependency on external vendors
Lead time reduction enabling faster project execution
Improved control with tighter quality process monitoring
Anjar - Pipe Fabrication Unit
30,000 MTPA Capacity
Pipe Fabrication
The U-shaped plant design enables efficient material handling, reducing time and costs. Advanced automation and technology minimize manual labour dependency, enhancing productivity and optimizing expenses
Strategically located near Kandla and Mundra Ports, the facility enables quick import/export turnaround, cutting inland transport costs & transit time optimizing logistics and boosting profitability.
Anjar's production capacity (excluding heavy fabrication) grew from 6,000 to 30,000 MTPA by September'25, which will enhance output and strengthening market
Dedicated to the Oil & Gas sector, it frees up the Palwal facility for the Power sector and improving its operational efficiency and resource allocation
Anjar Facility is a modern U-shaped manufacturing unit strategically located near Kandla & Mundra Port, enhancing export-import efficiency and reducing operational overheads.
DEE has strong diversified customer base across geographies
DEE
piping systems
Focus on Domestic and Developed Markets
Served 27+ countries
Served 4+ continents
Diverse Clientele Across Critical Industries
Industries Served – Q4 & FY26
| Refinery & Petrochemical | Chillers & Cooling System | LNG |
|---|---|---|
| Pulp & Paper | Pharmaceuticals | Hydrogen |
| Chemicals & Fertilizers | Sugar | Pipeline for Gas & Water |
| Thermal Power | Carbon Capture | |
| Semiconductors | Oil & Gas Exploration |
Some of the Marquee Clientele
Non Core Business – Power Generation
DEE piping systems
Abohar Biomass Power Plant
- Plant spans 205,681.48 sqm area with 8 MW aggregate capacity, fully contracted under 30-year PPA signed March 4, 2011 with Punjab State Power Corporation Limited (PSPCL).
- PPA commenced February 5, 2009; PSPCL authorizes grid interconnection and parallel operation with PSPCL/Punjab State Transmission Corporation Limited (PSTCL) systems.
Muktsar Biomass Power Plant
- Plant Spans 141,829.67 sqm area with 6 MW aggregate capacity, fully contracted under 20-year PPA signed February 19, 2004 by DEE's wholly-owned subsidiary MPPL with Punjab State Electricity Board.
Highlights
- Total 14 MW operational capacity across Abohar (8 MW) and Muktsar (6 MW) plants, fully contracted under long-term PPAs with PSPCL
- Malwa Power (Muktasar) tariff revised to ₹5.22/kWh from ₹3.50/kWh, with retrospective recovery of ~₹5.14 crore in FY26 and including annual escalation to ₹5.437/kWh in FY27; APTEL appeal ongoing for further optimization.
- FY27 revenue from power and biomass pellets estimated at ~₹80 crore, supported by ongoing restructuring initiatives.
Non Core – Highlights
DEE piping systems
Proactive turnaround of non-core assets, where near-term losses from tariff revisions are being addressed through swift business model recalibration
Pallet plant initiative expected to offset current cash burn, stabilize segment profitability, and restore historical margin levels
Management agility demonstrated by pivoting from power-only biomass operations to high-margin biomass pellet manufacturing with minimal incremental capex
The additional pellet capacity is proposed to be housed under the InVIT, enabling efficient capital deployment
Biomass pellet capacity recently became operational, enhancing integration and long-term growth visibility.
Sustainability-led biomass platform continues to deliver ESG value, with over 191,067 tons of $\mathrm{CO}_{2}$ emissions reduced, strengthening long-term relevance
Vision 2030 & Strategic Roadmap
DEE piping systems
Unlocking ₹2,500 Cr Revenue with 20% Margins by FY30
Revenue Trajectory
2,500 Cr
Revenue CAGR from FY26-30E ~22%
Order Book & Pipeline:
1,940 Cr Executable Order Book
2,000 Cr FY27 Order Visibility
40% Bid Success Rate
Op.EBITDA Guidance:
19-20% margin by FY30
Op.EBITDA CAGR FY26-30:~26%
PAT Drivers
9-10% of revenue in FY30
PAT CAGR FY26-30: ~30%
Vision 2030 & Strategic Roadmap
DEE piping systems
1. KEY INDUSTRY DRIVERS
Prioritized for Investors
CORE ORDER BOOK VISIBILITY
- Domestic Thermal Expansion
- 220 GW → 300 GW
- (80 GW Addition by FY32)
- Domestic Refining Expansion
- 258 → 310 MMTPA by 2030
- Export Opportunities
- Strong export visibility
Medium-Term STRATEGIC OPTIONALITY
- Nuclear
- Up~8 GW → 100 GW by FY47
EMERGING HIGH-GROWTH SEGMENTS
- Data Centers
- $0.5T+ → $1T capex by 2026
- (~ ₹ 25 Cr piping per 25MW)
- Semiconductors
- Multi-$bn fabs pipeline
2. MARGIN EXPANSION LEVERS
Clear Value Creation
STRUCTURAL MARGIN DRIVERS
- Power sector mix shift driving margins
- Operating Leverage & Backward integration (pipe mill)
- Plant proximity to ports
- Automation – Productivity led efficiency
- Biomass Pellets
OPERATING EFFICIENCY
| Asset turns | <2x → ~3.5x by FY30 |
|---|---|
| Planned Minimal capex | INR 15-20 Cr maintenance only |
| Debt reduction |
3. THE INVESTOR FLYWHEEL
Sustainable Value Creation
- Order Visibility
- Strong pipeline across core sectors
- Capacity Utilization
- Higher utilization of integrated facilities
- Operating Leverage
- Better absorption of fixed costs
- Margin Expansion
- Structural levers+ operating efficiency
- ROCE Improvement
- Efficient capital deployment
- Cash Flow Generation
- Supports growth & shareholder value
03
Financial Overview
DEE
EMEA EUROPEA
Q4 & FY26 – Consolidated P&L
DEE piping systems
INR Cr
| Particulars (₹ Cr.) | Q4 FY26 | Q3 FY26 | % Change QoQ | Q4 FY25 | % Change YoY | FY26 | FY25 | % Change YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 361.6 | 286.7 | 26.1% | 286.4 | 26.3% | 1,142 | 827.4 | 38.0% |
| Op. EBITDA | 65.9 | 43.4 | 51.8% | 63.5 | 3.8% | 189.3 | 123.8 | 52.9% |
| Op. EBITDA margin (%) | 18.2 | 15.1 | 308bps | 22.2 | -395bps | 16.6 | 15.0 | 161bps |
| Add: Other Income | 1.7 | 5.6 | -68.9% | 2.6 | -32.8% | 16.6 | 20.9 | -20.3% |
| Less: Interest Expenses | 15.9 | 15.0 | 6% | 11.8 | 34.5% | 56.2 | 39.9 | 40.7% |
| Less: Depreciation & Amortisation | 13.9 | 13.7 | 1% | 12.0 | 15.8% | 53.5 | 49.4 | 8.3% |
| PBT | 37.9 | 20.4 | 86.1% | 42.3 | -10.4% | 96.2 | 55.4 | 73.9% |
| Taxes | 10.2 | 1.7 | 501% | 10.8 | -5.4% | 19.1 | 11.8 | 62.8% |
| Profit After Tax | 27.7 | 18.5 | 49.2% | 31.5 | -12.2% | 77.2 | 43.6 | 76.9% |
| Profit After Tax margin (%) | 7.7 | 6.5 | 118bps | 11.0 | -335bps | 6.8 | 5.3 | 148bps |
| EPS (Diluted) | 3.99 | 2.67 | 49.4% | 4.54 | -12.1% | 11.14 | 6.6 | 67.5% |
Note - Consolidated Operating EBITDA of ₹189.3 crore includes Operating EBITDA loss of ₹5.8 crore in Non Core Business for FY26 and additional one time liability on account of Labour Code of ₹1.94 crore in FY26, also Q4FY26 Op.EBITDA includes impact of labour code
Q4 & FY26 Key Performance Indicators
DEE piping systems
INR Cr
REVENUE from Operations
Op.EBITDA & Op.EBITDA Margins (%)
PAT & PAT Margins (%)
Q4 & FY26 Key Performance Indicators
DEE piping systems
Debt to Equity (x)
Net Debt to EBITDA(inc. other income) (x)
Return on Capital Employed (%)
Return on Equity (%)
Capital Market Overview
DEE piping systems
Marquee Investors
kotak
Mutual Fund
LIC MUTUAL FUND
TATA MUTUAL FUND
| Current Market Price* | INR 499 |
|---|---|
| 52 Week High / Low | INR 514 / 183 |
| Market Capitalization | 3,455 Cr. |
| No. Shares Outstanding | 6.92 Cr. |
| NSE | DEEDEV |
| BSE | 544198 |
*CMP is as on 21.05.26
As of March 2026
SAFE HARBOR
This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions of future events over which the Company exercises no control. Therefore, there can be no guarantee as to their accuracy and readers are advised not to place any undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These statements involve a number of risks, uncertainties and other factors that could cause actual results or positions to differ materially from those that may be projected or implied by these forward-looking statements. Such risks and uncertainties include, but are not limited to; growth, competition, acquisitions, domestic and international economic conditions affecting demand, supply and price conditions in the various business’s verticals in the Company’s portfolio, changes in Government regulations, laws, statutes, judicial pronouncement, tax regimes, and the ability to attract and retain high quality human resource.
Thank You
For further queries, Please contact:
| DEE Development Engineers
Brham Yadav -
[email protected] | Investor Relations Advisors:
Anand Venugopal - 70218 52071
Ajinkya Salunke - 91360 39920
Email - [email protected] |
| --- | --- |