Industrial Engineering Company Bags Order Worth Rs 2,24,84,200 from BHEL, Complete Details Inside!
The company’s shares have delivered an impressive return of around 80 per cent to its shareholders.
Dee Development Engineers Ltd offers specialized process piping solutions for sectors such as oil and gas, power (including nuclear), chemicals, and other process industries through its engineering, procurement, and manufacturing services.
The Company has received a Purchase Order from Bharat Heavy Electricals Limited for the supply of prefabricated stainless steel piping items. The contract is set to be completed within 9 months. The total value of the order is Rs 2,24,84,200.
On Friday shares of Dee Development Engineers Ltd closed at around Rs 358.25 per share. The company’s current market capitalization stands at Rs 2473.86 crore. The stock has delivered a return of around 80 per cent compared to issue price of Rs 203 per share.
As per the Quarterly Results, in the fourth quarter of FY24, Dee Development Engineers Ltd recorded a revenue of Rs 243 crore. The operating profit for Q4 FY24 stood at Rs 35 crore. The net profit for Q4 FY24 was Rs 12 crore. Looking at the annual performance, the company generated a revenue of Rs 789 crore in FY24. The operating profit for FY24 was Rs 103 crore with a net profit of Rs 26 crore.
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According to the shareholding pattern, promoters own 70.18 per cent, and public investors own a 12.11 per cent. FIIs and DIIs owns a 5.85 per cent and 12.11 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.