What drove the company's performance in FY26?

Growth was primarily driven by momentum in the piping business, resulting in a 38% increase in consolidated revenue to ₹1,142 crore.

What is the status of the company's order book?

The order book sits at ₹2,040 crore, providing visibility for the coming year.

How does the company plan to resolve its audit qualification?

Management is shifting the focus at Malwa Power from green hydrogen to biomass pellet production, which they expect will resolve the persistent audit qualification.

What are the financial targets for FY27?

Management expects revenue of at least ₹1,500 crore and consolidated EBITDA margins to remain above 19%.

Earnings · Engineering - Industrial Equipments · Small cap

Dee Development Engineers targets ₹1,500 cr revenue in FY27

The piping specialist reported a 77% jump in annual profit to ₹77.2 crore, backed by a ₹2,040 crore order book and new capacity deals.

— 4 earlier stories on Dee Development Engineers Ltd →

DEEDEV 27 May 2026 · 7:26 PM IST Verify on BSE · NSE

Mkt cap₹3,914 cr

P/E50.60×

ROE5.45%

Debt / eq.0.51

₹1,500 cr Management's minimum revenue guidance for FY27.

What's new

Revenue climbed 38% to ₹1,142 crore for FY26.
Net profit surged 77% to ₹77.2 crore.
Order book stands at ₹2,040 crore with a new capacity reservation deal in Thailand.

Why this matters

The company is clearing the decks on legacy issues, specifically the audit qualification at Malwa Power, by pivoting to biomass. With a strong order book and clear revenue targets, the focus shifts to whether margins can hold above 19% as the company scales.

What we're watching

Execution of the Nooter Eriksen capacity reservation agreement.
Resolution of the audit qualification at Malwa Power via the biomass shift.
Ability to maintain EBITDA margins above 19% in FY27.

The full read

Dee Development Engineers closed FY26 with ₹1,142 crore in revenue, a 38% increase that pushed net profit up 77% to ₹77.2 crore. The piping business remains the primary engine, supporting an order book of ₹2,040 crore.

Management is now looking to FY27 with a revenue floor of ₹1,500 crore and a target of 19%-plus EBITDA margins. Beyond the core piping business, the company is moving to settle long-standing governance hurdles. The pivot from green hydrogen to biomass at Malwa Power is a specific attempt to clear a persistent audit qualification. Meanwhile, the Thai subsidiary has locked in a binding capacity reservation deal with Nooter Eriksen.

It is a busy agenda. The next test is whether the company can maintain those 19% margins while scaling revenue by another 30%-plus next year.

Questions answered

What drove the company's performance in FY26?: Growth was primarily driven by momentum in the piping business, resulting in a 38% increase in consolidated revenue to ₹1,142 crore.
What is the status of the company's order book?: The order book sits at ₹2,040 crore, providing visibility for the coming year.
How does the company plan to resolve its audit qualification?: Management is shifting the focus at Malwa Power from green hydrogen to biomass pellet production, which they expect will resolve the persistent audit qualification.
What are the financial targets for FY27?: Management expects revenue of at least ₹1,500 crore and consolidated EBITDA margins to remain above 19%.

Mentioned: Nooter Eriksen · Malwa Power · Dee Development Engineers

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on DEEDEV →

27 May 2026 · 7:26 PM IST Dee Development Engineers targets ₹1,500 cr revenue in FY27
5d ago Dee Development Engineers shifts from hydrogen to biomass at Malwa site
6d ago Dee Development's strong growth marred by qualified audit on ₹47.62 cr assets
6d ago DEE Development locks in 3-year EPC deal, secures 60% of Thai subsidiary's capacity
6d ago Dee Development's profit doubles but auditor flags ₹47.62 cr impairment risk