Industrial Engineering Company Secures USD 16.5 Million Order – DIIs Increase Stake

The company’s shares have delivered an impressive return of around 36 per cent to its shareholders in just 1 month.

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 secured a purchase order from a new client, whose identity remains confidential due to commercial considerations. The order involves the supply of prefabricated pipe spools, with execution scheduled by December 2026. The total value of the order is approximately USD 16.5 million.

Today shares of Dee Development Engineers Ltd closed at around Rs 353.15 per share. The company’s current market capitalization stands at Rs 2438 crore. The stock has delivered a return of around 75 per cent compared to the issue price of Rs 203 per share.

As per the Quarterly Results, in the Sep quarter of FY25, Dee Development Engineers Ltd recorded a revenue of Rs 194 crore. The operating profit for the period stood at Rs 30 crore. The net profit for the quarter was Rs 22 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.

According to the shareholding pattern, promoters own 70.17 per cent, and public investors own 11.43 per cent. FIIs and DIIs own a 2.23 per cent and 16.16 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.