DEE Development Engineers Limited has informed the Exchange about Transcript
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DEE Development Engineers reported strong FY26 results with core business EBITDA up 64.2% YoY to Rs. 210.5 Cr, full-year revenue of Rs. 1,142 Cr (up 38%), and PAT of Rs. 77.2 Cr (up 76.9%). Management guided for consolidated EBITDA margin above 19% in FY27 and revenue target of Rs. 1,500 Cr (conservatively), with a multi-year target of Rs. 2,500 Cr by FY30. The order book stands at Rs. 2,040 Cr providing strong multi-year visibility. The company separated core (piping, heavy fabrication) and non-core (power) businesses, with power tariff revised favorably to Rs. 5.22/KwH. The newly commissioned seamless pipe plant is expected to ramp up to 60-70% utilization in FY27. Management expects FY27 order inflows exceeding Rs. 2,000 Cr with 65-70% contribution from power sector and 60-65% domestic orders. Working capital cycle is targeted at 180 days for FY27.
Strong execution with margin improvement and robust order book signals confidence in sustained growth. Management's above 19% EBITDA margin guidance and Rs. 2,500 Cr revenue target by FY30 indicate positive long-term outlook, though near-term focus remains on capacity ramp-up and working capital optimization.