DEE Development Engineers Limited has strengthened its market position with a substantial order book of ₹1,302.73 crore as of December 2025, following the acquisition of fresh orders worth ₹98.11 crore during the month. The Delhi-based company, which provides specialized piping and fabrication solutions for energy and infrastructure projects, continues to demonstrate strong business momentum in its core sectors.

Financial Performance and Order Execution

The company's operational metrics for the current financial year showcase robust execution capabilities:

The execution of ₹792.92 crore worth of orders through December 31 in the current financial year demonstrates the company's ability to deliver on its commitments while maintaining a healthy pipeline of future work.

Business Operations and Product Portfolio

DEE Development Engineers operates as a comprehensive solutions provider in the process piping sector, serving critical industries including oil and gas, power, and chemical sectors. The company's product range encompasses high-pressure piping systems, pipe bends, pressure vessels, and industrial stacks, utilizing materials ranging from carbon steel to specialized alloys like Inconel and Hastelloy.

The company positions itself as the country's largest process piping solutions provider by installed capacity, operating manufacturing facilities across India. Its service portfolio includes engineering, procurement, and manufacturing services, catering to sectors such as nuclear power and various process industries.

Management Perspective and Market Position

Chairman and Managing Director KL Bansal emphasized that the December orders reflect steady demand for the company's engineering capabilities. He noted that the projects involve long-cycle energy and industrial investments that require precision and reliability, highlighting the specialized nature of the company's offerings.

The order book position indicates ongoing activity in core energy and industrial segments, with the company focusing on timely project delivery while preparing for future requirements across its operating divisions. This strategic approach positions DEE Development Engineers to capitalize on continued infrastructure and energy sector investments.

Stock Market Performance

The company's shares reflected positive investor sentiment, closing at ₹222.35 on the NSE with a significant gain of ₹13.71, representing a 6.57 percent increase. This performance aligns with the company's strong order book position and successful execution track record in the current financial year.

DEE Development Engineers Limited has filed its monthly order book updates with BSE and NSE for December 2025, providing detailed insights into the company's business performance across its various operational segments. The comprehensive disclosure covers order inflows, executions, and closing positions for the month ending December 31, 2025.

December 2025 Order Book Performance

The company's order book activity for December 2025 demonstrates robust business momentum across multiple segments. The following table summarizes the key financial metrics:

Segment-wise Business Activity

The company's diverse business portfolio spans across piping, heavy fabrication, gas plants, and power generation. The piping segment, operated through DEE India, dominated the order book with significant activity in both power and oil & gas industries.

Piping Operations

DEE India's piping division showed strong performance in the power sector, with order inflow of ₹45.37 crores and execution of ₹30.26 crores during December. The oil & gas segment recorded order inflow of ₹4.78 crores while executing ₹66.48 crores worth of orders.

International Operations and Other Segments

DEE Thailand operations contributed significantly with order inflows of ₹38.68 crores across power and oil & gas sectors. The heavy fabrication division through DEE Fabricom India and gas plants operations through Molsieve Designs Limited also maintained steady activity levels during the reporting period.

Cumulative FY 2025-26 Performance

For the financial year 2025-26 up to December 31, 2025, the company achieved cumulative order inflow of ₹867.04 crores and executed orders worth ₹792.92 crores. The power segment led the cumulative inflow with ₹601.03 crores, while oil & gas contributed ₹270.22 crores.

Power Business Developments

The company provided detailed updates on its power purchase agreements with Punjab State Power Corporation Limited. Following regulatory developments, DEE Development Engineers Limited continues to supply electricity at ₹7.47 per unit after the Punjab & Haryana High Court stayed a tariff revision order. The company also noted that it is L1 for orders worth ₹46.50 crores from reputed clients, with formal purchase orders expected shortly.

Revenue Recognition and Exchange Rate Considerations

The company clarified that revenue recognition under Indian GAAP may differ from invoiced amounts due to various Incoterms and performance obligations. For DEE Thailand's export orders, the exchange rate of ₹3.117 per Thai Baht as of December 31, 2025, was considered for calculations.