Dee Development Engineers Ltd. (DEEDEV.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-151.2%

-₹268.18

vs ₹523.90 price

Levered DCF

-₹351.51

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	24.1×	37.35×	8.84×	178.36×	281.78×	185.26×	197.25×
P/B	2.09×	0.2×	0.51×	5.47×	5.62×	5.79×	6.01×
P/S	1.63×	0.2×	0.3×	3.94×	5.11×	5.31×	3.64×
EV / EBITDA	12.07×	4.15×	5.82×	31.12×	35.9×	80.77×	33.51×
Gross margin	29.7%	47.1%	45.3%	46.9%	44.1%	11.5%	43.5%
Operating margin	12.1%	9.8%	9.0%	6.4%	7.1%	35.5%	31.1%
Net margin	6.8%	5.3%	3.4%	2.2%	1.8%	2.9%	1.8%
Current ratio	1.33×	1.42×	1.12×	1.25×	1.3×	1.5×	1.4×
Debt / equity	0.79×	0.54×	1.02×	0.86×	0.7×	0.58×	0.72×
Interest coverage	2.45×	2.17×	1.86×	1.34×	1.37×	6.01×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.7%	5.5%	5.8%	3.1%	2.0%	3.1%	3.1%
Return on invested capital	6.8%	5.1%	5.6%	2.9%	2.7%	9.8%	13.7%
Return on assets	4.0%	2.7%	2.2%	1.3%	1.0%	1.7%	1.5%
Free cash flow yield	-11.5%	-137.6%	-13.6%	-1.9%	1.8%	3.0%	1.3%
Earnings yield	4.1%	26.8%	11.3%	0.6%	0.4%	0.5%	0.5%
Enterprise value	₹24.9B	₹58.8B	₹68.9B	₹26.8B	₹26.1B	₹28.9B	₹29.4B
Net debt / EBITDA	3.02×	3×	3.87×	4.21×	4×	7.19×	3.55×
Cash conversion cycle (days)	340	395	242	296	326	236	256