DEE Development Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹287Cr
- +77.2% YoY
- +6.3% QoQ
- Net profit
- ₹19Cr
- Turned profitable YoY
- +5.6% QoQ
- Margin
- 17%
- +14 pp YoY
- +1 pp QoQ
Guidance rank: #26 of 54 in Industrial Manufacturing
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Revenue & Sales Performance
- Dee Development Engineers targets a 3x revenue growth over three to five years.
- Major growth driver is the new Anjar expansion plant, focusing on oil & gas and seamless pipe manufacturing, expected to generate significant additional revenue.
- The Anjar facility is strategically located near a port, reducing logistics costs and enhancing operational efficiency.
- The new seamless pipe plant, nearing commissioning with a Rs. 90 crore CAPEX, is expected to have an annual capacity of 7,000 tonnes and generate peak annual revenue of around Rs. 450 crore.
- The company anticipates improving asset turns, stronger cash generation, and better return ratios as growth CAPEX completes.
- Demand visibility remains strong in core segments, especially power, oil & gas, and process industries both domestically and internationally.
2 more points from DEE Development's call on revenue
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Profitability & Margins
Dee Development Engineers targets 3x revenue growth over 3-5 years driven by:
Locked: what DEE Development said on margins
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Capital Expenditure Plans
- The current CAPEX cycle is nearing completion, with 95%-98% of planned CAPEX expected to be done by March of this financial year.
- Future CAPEX will mainly be for maintenance purposes, estimated at Rs. 10-15 crore annually.
- A new seamless pipe plant with an annual capacity of 7,000 tonnes is nearing commissioning, with a CAPEX of about Rs. 90 crore (Rs. 22.5 crore funded via internal accruals).
- At optimal utilization, the new plant is expected to generate annual revenue around Rs. 450 crore and an IRR of 30%-35%.
- Strategic focus includes diversification into nuclear, semiconductor, and pharmaceutical sectors within piping manufacturing solutions.
2 more points from DEE Development's call on capex
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
No new debt is anticipated as the major CAPEX cycle is nearing completion, with 95-98% of CAPEX expected…
Locked: what DEE Development said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- As of 31st December 2025, the order book stands at approximately Rs. 1300 crore.
- An additional Rs. 300 crore to Rs. 400 crore worth of orders are currently in the pipeline.
- This sets an expected order book of around Rs. 1300 to 1400 crore by March.
- The company anticipates reaching an order book of Rs. 2000 crore by FY’27 through internal cash flows without requiring new debt.
- New orders are progressing well, with many bids declared L1 in the current quarter, totaling approximately Rs. 300 to 400 crore.
2 more points from DEE Development's call on order book
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DEE Development — Quarterly revenue & net profit
DEE Development Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 287 | 162 | +77.2% | 270 | +6.3% |
| Operating profit (EBITDA) | 48 | 6 | +700% | 44 | +9.1% |
| Operating margin | 17% | 3% | +14 pp | 16% | +1 pp |
| Profit before tax | 20 | -17 | — | 22 | -9.1% |
| Net profit (PAT) | 19 | -13 | — | 18 | +5.6% |
| EPS (₹) | 2.64 | -1.93 | — | 2.58 | +2.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹362 Cr, net profit ₹28 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What DEE Development's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
Earlier calls (2)
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What is DEE Development share price analysis?
DEE Development currently shows a neutral. The stock trades at a P/E of 59.3 with a market cap of ₹4,861 Cr. Investors should review the full earnings analysis for detailed insights.
Is DEE Development planning capital expenditure?
The current CAPEX cycle is nearing completion, with 95%-98% of planned CAPEX expected to be done by March of this financial year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.