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DEE Development Eng Ltd (DEEDEV) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of DEE Development Eng Ltd stock ₹163, price ₹525, that is 68.9% below the price, quality 31 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials IN · ISIN INE841L01016

DD DEE Development Eng Ltd logo Some data Nov 7, 2026

DEE Development Eng Ltd

DEEDEV · NSE
Very expensive, weak quality

Our calculation puts a fair price 69% below what the stock costs today.

Low debt
Revenue last quarter +32% vs. a year ago.
Expensive Growth (revenue 5y +18.2 %/yr in INR)
Thin margins · 6.6% net margin (TTM)
Some data
Changed on Nov 2: ₹215.91 → ₹163.35
Fair value ₹163.35 · Strongly overvalued
Quality 31/100
Negative free cash flow
Trails peers (5/13)
Narrow moat 44/100
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹738.75 ₹178.35 Fair Value ₹163.35 Jun 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

28‑month range ₹178.35 – ₹738.75 · fair‑value band ₹114.35 – ₹212.36 · the ₹524.80 price screens above the ₹163.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

DEE Development Engineers Limited manufactures and sells prefabricated engineering products, pipe fittings, and piping systems in India and internationally. It operates in three segments: Piping, Power, and Heavy Fabrication.

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The company offers pressure piping systems, piping spools, induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, and modular skids, as well as boiler superheater coils, de-super heaters, and other customized manufactured components.

It also provides engineering services comprising support, pre-bid, basic, layout, material, detailed, and pipe support engineering, as well as power and process piping, modular skid and shop fabricated piping, stress analysis, and Indian boiler regulations; and wind turbine towers.

In addition, the company generates biomass-based power. It serves the thermal and nuclear power, oil and gas, petrochemical and refinery, subsea, marine and offshore, process, desalination plant, cement, and other industries.

DEE Development Engineers Limited was incorporated in 1988 and is headquartered in Faridabad, India.

Stock analysis

DEE Development Eng Ltd (DEEDEV) currently trades at ₹524.80, while our model-based Fair Value estimate is ₹163.35, 69% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹222.27 per share, and 0 of the 12 models we run sit above the ₹524.80 price.

Bear case: the Asset-Based group reads lowest at ₹16.89, and 12 of the 12 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ₹114.35 (bear) to ₹212.36 (bull), the price of ₹524.80 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 31/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

DEE Development Eng Ltd reported revenue of ₹11.4B in FY2026 versus ₹4.5B in FY2022, a compound +26.0%/yr. Reported net income was ₹774M in FY2026, compounding +75.3%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Key figures

Market cap ₹40.1B (≈ $427M) Small · P/E ratio 45.5 · P/S ratio 3.31 · EPS (TTM) ₹11.54 · Net margin 6.6% · Return on equity 9.1% · Return on assets (EBIT) 5.1% (5-year average) · Operating margin 11.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).

What moves the price

The share trades about 29% below its 52-week high and 184% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at −69%, DEEDEV screens richer than that median.

Fair Value models

Bear ₹114.35 Fair Value ₹163.35 Bull ₹212.36
Price ₹524.80 · Downside -68.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹7.11 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV ₹83.01 ₹91.34 ₹97.82 74
ROIC Compounder ₹83.01 ₹91.34 ₹97.82 72
Residual Income ₹83.96 ₹87.22 ₹92.90 71
All 12 models by family
Earnings-Based
Graham-Dodd ₹69.91 ₹85.45 ₹96.13 67
EPV ₹83.01 ₹91.34 ₹97.82 74
Multiples
P/E Multiple ₹161.93 ₹215.91 ₹269.89 63
P/S Multiple ₹131.09 ₹174.78 ₹218.48 58
P/B Multiple ₹392.08 ₹522.77 ₹653.46 55
EV/EBIT ₹150.83 ₹228.63 ₹306.42 65
EV/EBITDA ₹165.24 ₹247.84 ₹330.43 66
EV/Revenue ₹84.02 ₹155.41 ₹226.80 52
Asset-Based
NCAV (Graham) ₹11.14 ₹16.89 ₹21.11 54
Economic Profit
Residual Income ₹83.96 ₹87.22 ₹92.90 71
ROIC Compounder ₹83.01 ₹91.34 ₹97.82 72
Growth Earnings
Growth-Adj P/E ₹114.35 ₹163.35 ₹212.36 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 37
How much profit the company makes from its sales and capital
Quality Growth 42
Are margins and returns getting better?
Cashflow 3
Do the profits arrive as real cash?
Financial strength 49
Debt, balance sheet and risk of trouble
Investment 7
Does it invest with discipline instead of growing at any price?
Low Volatility 9
How calm the share price moves, does not count
Price momentum 59
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 81
Distance to the 52-week high, does not count
New shares 50
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−86.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.2%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+45.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+45.5%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 12%

DEEDEV screens overvalued: fair value 69% below the price. Compare with ATI Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 266 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −68.9% · Bottom 25%
Profitability
Return on equity (12 months) 9.1% · Above median
Return on assets 4.0% · Above median
Net margin (12 months) 6.6% · Above median
Operating margin (12 months) 11.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 31.6% · Top 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.15× · Above median

Valuation Multiplesvs Metal Fabrication median · lower = cheaper

P/E (12 months) 45.5× · Pricier than median
P/B 4.50× · Priciest 25%
P/S (12 months) 3.31× · Priciest 25%
EV/EBITDA 19.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 67
PAST (return on equity)37 · sector 23
HEALTH (low debt)93 · sector 95
DIVIDEND (yield)0 · sector 24

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China International Marine Containers (Group) Co 000039 ¥9.28 ¥12.62 +36% vs DEEDEV
Commercial Metals Company CMC $64.24 $83.04 +29% vs DEEDEV
Mueller Industries, Inc MLI $55.00 $50.63 −8% vs DEEDEV
ESAB Corporation ESAB $87.13 $56.91 −35% vs DEEDEV
Western Superconducting Technologies Co 688122 ¥44.04 ¥26.76 −39% vs DEEDEV
Carpenter Technology Corporation CRS $297.37 $140.03 −53% vs DEEDEV
SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD researches, 601399 ¥3.05 ¥1.42 −53% vs DEEDEV
ATI Inc ATI $182.72 $46.69 −74% vs DEEDEV
JL Mag Rare-Earth Co 300748 ¥24.63 ¥6.20 −75% vs DEEDEV
Bharat Forge Limited BHARATFORG ₹1,725 ₹390.35 −77% vs DEEDEV

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DEE Development Eng Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "DEE Development Eng Ltd Fair Value". https://www.fairvalue-calculator.com/stock/DEEDEV

Frequently asked questions

Is DEE Development Eng Ltd (DEEDEV) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹163.35 versus a price of ₹524.80, about 69% lower (overvalued).
What is the fair value of DEEDEV?
Our model-based fair value for DEE Development Eng Ltd is ₹163.35 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹524.80.
What is the quality score of DEEDEV?
DEE Development Eng Ltd has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DEE Development Eng Ltd (DEEDEV)?
Our model-based price target is the fair value of ₹163.35 (as of Nov 7, 2026) from 12 valuation models. Cautious scenario ₹114.35, optimistic scenario ₹212.36. It is a calculation from audited fundamentals, not an analyst target.
What is the DEE Development Eng Ltd stock forecast for 2026?
Our models put fair value at ₹163.35, about 69% lower versus a price of ₹524.80 (overvalued). Cautious scenario ₹114.35, optimistic scenario ₹212.36. The calculation is refreshed regularly with new filings.
What is the revenue of DEE Development Eng Ltd (DEEDEV)?
DEE Development Eng Ltd reported trailing-twelve-month revenue of about ₹12.1B (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of DEE Development Eng Ltd (DEEDEV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DEE Development Eng Ltd it is ₹163.35 per share (as of Nov 7, 2026), against a price of ₹524.80. It is the blended result of 12 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is DEE Development Eng Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DEEDEV trades above its calculated fair value: price ₹524.80, fair value ₹163.35, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DEEDEV?
No. The price is what the market pays today (₹524.80); the fair value is what the company's own numbers justify (₹163.35). For DEE Development Eng Ltd the two are ₹361.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is DEE Development Eng Ltd worth?
The market values DEE Development Eng Ltd at about ₹40.1B (market capitalisation, as of Nov 7, 2026). Per share that is ₹524.80; our models calculate a fair value of ₹163.35 per share.
What do the bullish and bearish scenarios say about DEEDEV?
Our models span a range for DEE Development Eng Ltd: cautious scenario ₹114.35, base ₹163.35, optimistic ₹212.36 per share (as of Nov 7, 2026, price ₹524.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DEEDEV?
DEE Development Eng Ltd trades at a price-to-earnings ratio of 45.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹163.35 is built from several models across several years. Other multiples: P/B 4.5, P/S 3.3, EV/EBITDA 19.7.
How solid is the balance sheet of DEE Development Eng Ltd (DEEDEV)?
Balance-sheet figures for DEE Development Eng Ltd (as of Nov 7, 2026): return on equity 9.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is DEEDEV from its 52-week high?
DEE Development Eng Ltd trades at ₹524.80, about 29% below its 52-week high of ₹738.75 and 184% above the low of ₹184.78 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹163.35 is for.
Which stocks are comparable to DEE Development Eng Ltd?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DEE Development Eng Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ₹524.80, calculated fair value ₹163.35 (−69%), Quality Score 31/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DEEDEV calculated?
We run DEE Development Eng Ltd through 12 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹163.35 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. DEE Development Eng Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DEE Development Eng Ltd (DEEDEV)?
The closing price on Nov 9, 2026 was ₹524.80. Our model-based fair value is ₹163.35, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DEE Development Eng Ltd right now?
The price sits above even our optimistic bull case (₹212.36). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹114.35 to ₹212.36) leaves room in how you read the outcome.

Key figures of DEE Development Eng Ltd

How large is the market capitalisation of DEE Development Eng Ltd (DEEDEV)?
The market capitalisation of DEE Development Eng Ltd is ₹40.1B (≈ $427M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DEE Development Eng Ltd (DEEDEV)?
The price-to-sales ratio of DEE Development Eng Ltd is 3.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DEE Development Eng Ltd (DEEDEV)?
Earnings per share at DEE Development Eng Ltd are ₹11.54 (price ÷ EPS = P/E 45.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DEE Development Eng Ltd (DEEDEV)?
The net margin of DEE Development Eng Ltd is 6.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DEE Development Eng Ltd (DEEDEV)?
The return on equity (ROE) of DEE Development Eng Ltd is 9.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DEE Development Eng Ltd (DEEDEV)?
On an EBIT basis the return on assets of DEE Development Eng Ltd is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DEE Development Eng Ltd (DEEDEV)?
The operating margin of DEE Development Eng Ltd is 11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DEE Development Eng Ltd (DEEDEV)?
Revenue at DEE Development Eng Ltd is growing +31.6% versus a year earlier (3y avg +24.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DEE Development Eng Ltd (DEEDEV)?
Earnings per share at DEE Development Eng Ltd are growing +22.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DEE Development Eng Ltd (DEEDEV) generate?
The free cash flow of DEE Development Eng Ltd is −₹2.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does DEE Development Eng Ltd (DEEDEV) carry?
The net debt of DEE Development Eng Ltd is ₹6.2B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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