DEE Development Eng Ltd (DEEDEV) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of DEE Development Eng Ltd ₹235, price ₹666, upside -64.8%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
27‑month range ₹178.35 – ₹738.75 · fair‑value band ₹163.85 – ₹293.17 · the ₹666.20 price screens above the ₹234.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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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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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. 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 ₹666.20, while our model-based Fair Value estimate is ₹234.54, implying the stock looks roughly 184.0% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹511.29 per share, and 0 of the 14 models we run sit above the ₹666.20 price.
Bear case: the Asset-Based group reads lowest at ₹86.13, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹163.85 (bear) to ₹293.17 (bull), the price of ₹666.20 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 ₹46.3B (≈ $483M) · P/E ratio 59.8 · P/S ratio 4.05 · EPS (TTM) ₹11.14 · Net margin 6.8% · Return on equity 9.1% · Return on assets (EBIT) 5.1% · Operating margin 13.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 10% below its 52-week high and 261% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −65%, DEEDEV screens richer than that median.
Fair Value models
Bear ₹163.85Fair Value ₹234.54Bull ₹293.17
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹5.49 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.Evidence ⓘEvidence = 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.
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%
’22
’23
’24
’25
’26
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.
+56.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+56.5%
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%
Compare DEE Development Eng Ltd with another stock
Price, fair value, quality and upside side by side.
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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 · 261 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−64.8% · Bottom 25%
Profitability
Return on equity (TTM)9.1% · Above median
Return on assets4.9% · Top 25%
Net margin (TTM)6.8% · Above median
Operating margin (TTM)13.8% · Top 25%
Growth and dividend
Revenue growth26.3% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (TTM)59.8× · Priciest 25%
P/B5.20× · Priciest 25%
P/S (TTM)4.05× · Priciest 25%
EV/EBITDA24.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 37
PAST (return on equity)37· sector 20
HEALTH (low debt)93· sector 95
DIVIDEND (yield)0· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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 Sep 27, 2026, our model estimates a fair value of ₹234.54 versus a price of ₹666.20, about −65% upside (overvalued).
What is the fair value of DEEDEV?
Our model-based fair value for DEE Development Eng Ltd is ₹234.54 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹666.20.
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 ₹234.54 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario ₹163.85, optimistic scenario ₹293.17. 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 ₹234.54, about −65% upside versus a price of ₹666.20 (overvalued). Cautious scenario ₹163.85, optimistic scenario ₹293.17. 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 ₹11.4B (latest available figure, as of Sep 27, 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 ₹234.54 per share (as of Sep 27, 2026), against a price of ₹666.20. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is DEE Development Eng Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, DEEDEV trades above its calculated fair value: price ₹666.20, fair value ₹234.54, a gap of about −65% (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 (₹666.20); the fair value is what the company's own numbers justify (₹234.54). For DEE Development Eng Ltd the two are ₹431.66 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 ₹46.3B (market capitalisation, as of Sep 27, 2026). Per share that is ₹666.20; our models calculate a fair value of ₹234.54 per share.
What do the bullish and bearish scenarios say about DEEDEV?
Our models span a range for DEE Development Eng Ltd: cautious scenario ₹163.85, base ₹234.54, optimistic ₹293.17 per share (as of Sep 27, 2026, price ₹666.20). 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 59.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹234.54 is built from several models across several years. Other multiples: P/B 5.2, P/S 4.1, EV/EBITDA 24.5.
How solid is the balance sheet of DEE Development Eng Ltd (DEEDEV)?
Balance-sheet figures for DEE Development Eng Ltd (as of Sep 27, 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 ₹666.20, about 10% below its 52-week high of ₹738.75 and 261% above the low of ₹184.78 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹234.54 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 Sep 27, 2026: price ₹666.20, calculated fair value ₹234.54 (−65%), Quality Score 31/100, from 14 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 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹234.54, 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 13.9 % 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 Sep 25, 2026 was ₹666.20. Our model-based fair value is ₹234.54, about −65% upside (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 (₹293.17). 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.
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 ₹46.3B (≈ $483M). 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 4.05 (P/E × margin). 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 ₹11.14 (price ÷ EPS = P/E 59.8). 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 6.8% (fiscal year 2026). 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 13.8% (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 +26.3% 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 −12.1% 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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