Shares of DEE Development Engineers delivered exceptional performance during the week of May 11-15, 2026, gaining 6.76% from ₹469.35 to ₹501.10, significantly outperforming the Sensex which declined 2.63% over the same period. The stock achieved multiple new 52-week and all-time highs, with the intraday high of ₹514.4 on May 12 setting another record before closing at ₹490.95. According to latest reports, the stock opened sharply lower at ₹448.2 on May 11 but surged to a new 52-week and all-time high of ₹492.8, closing with a 5.00% gain despite the broader market decline. Trading volume remained robust at 45,886 shares on the day of the new high, supporting the price rally amid strong buying momentum.
During Q4FY26, the company's revenue from operations rose 26.3 per cent year-on-year to ₹361.6 crore from ₹286.4 crore reported in Q4FY25, as reported by Business Standard. However, profit after tax (PAT) declined 12.2 per cent Y-o-Y to ₹27.7 crore in Q4FY26 from ₹31.5 crore in the corresponding period last year. Earnings before interest, tax, depreciation and amortisation (Ebitda) declined marginally by 0.2 per cent Y-o-Y to ₹63.6 crore from ₹63.5 crore in the same quarter of the previous fiscal year.
According to Business Standard, FY26 revenue grew 38 per cent Y-o-Y to ₹1,142 crore, driven by strong execution in the piping segment, supported by orders from the oil & gas and power sectors. Operating Ebitda rose 54.5 per cent Y-o-Y to ₹191.2 crore, with Ebitda margin at 16.7 per cent, aided by higher execution and improved tariff in the non-core business. The closing order book stood at ₹1,940 crore as on March 31, 2026, up 57.9 per cent Y-o-Y from ₹1,228 crore, while the L1 position stood at ₹211 crore.
The stock's technical setup remains exceptionally strong, trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a confirmed uptrend. The technical landscape reveals bullish MACD, KST, Dow Theory, and OBV indicators on weekly and monthly charts, with the Mojo Score standing at 64.0 with a Hold rating, upgraded from Sell in early April. However, valuation multiples remain elevated with a trailing P/E of 40x and P/BV of 4.08x, reflecting high market expectations. The stock's ability to maintain technical strength amid challenging broader market conditions underscores its resilience and strong fundamentals.
As reported by Business Standard, during Q4FY26, Malwa Power's tariff was revised from ₹3.50 to ₹5.224 per kWh, with a retrospective recovery of about ₹5.80 crore. The company entered into a reservation agreement with an international EPC company for booking 60 per cent of total capacity for HRSG pipe spool fabrication, with a minimum contract value of US$ 15.27 million per annum, effective June 1, 2027 to December 31, 2029. The biomass pellet capacity recently became operational, expected to offset cash burn and support margin stability.
Commenting on the results, Krishan Lalit Bansal, chairman & managing director, DEE Development Engineers, said, according to Business Standard, "During FY26, we delivered a strong set of operating and financial results, with healthy growth in revenue, Operating Ebitda, and PAT, driven by robust execution in our piping segment catering to the oil & gas and power sector. At a macro level, India's capital expenditure cycle is gaining momentum, with corporates across infrastructure, energy, and industrial segments expected to significantly ramp up investment in plant and equipment supporting demand for project delivery and capacity expansion."
