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June 19, 2024 - June 21, 2024

DEE Piping Systems IPO Review & Recommendations

BP Equities (BP Wealth), GEPL Capital Ltd, Hem Securities, Indsec Securities, Marwadi Shares and Finance Ltd, Reliance Securities and Swastika Investmart Ltd have given "Apply" recommendation to DEE Piping Systems IPO. Dilip Davda has given "May Apply" recommendation to DEE Piping Systems IPO. Capital Market has "Neutral" view about the IPO. SBICAP Securities Limited has "Not Rated" the IPO.

DEE Piping Systems IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 7 1 1 0 1
% 70.00 10.00 10.00 0.00 10.00

DEE Piping Systems IPO Analysis By Brokers/Analysts

DEE Piping Systems IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for DEE Piping Systems IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 43 Avoid, however active risk seekers can try

DEE Piping Systems IPO Review by Dilip Davda (May apply)

[Dilip Davda]  DDEL is one of the niche player in specialized piping solutions globally and enjoys credentials with long term relationship with renowned customers. It marked steady growth post the Pandemic year and is poised for bright prospects ahead if their order book worth Rs. 828+ cr. as of December 31, 2023, has any indication. Though the issue appears aggressively priced based on its annualized earnings for FY24, it holds long term promises. Well-informed investors may park funds for the medium to long term rewards Read detail review...

DEE Development Engineers IPO Peer Comparison

DEE Development Engineers Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)Financial statements
DEE Development Engineers Limited2.452.4579.873.14Consolidated
Isgec Heavy Engineering Ltd26.7226.72325.3242.408.59Consolidated

Notes:

  1. Financial Information for the Company has been derived from the Restated Consolidated Summary Statements.
  2. All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports/annual results as available of the respective company for the year ended March 31, 2023, submitted to stock exchanges.
  3. Basic EPS (₹) = Restated profit for the period/year attributable to the equity shareholders of the Company/weighted average number of equity shares outstanding after considering bonus shares which has been issued subsequent to March 31, 2023 for all periods presented in accordance with Ind AS 33. Diluted EPS (₹) = Restated profit for the period/year attributable to equity shareholders of the Company/weighted average number of equity shares outstanding during the period/year considered for deriving basic earnings per share and the weighted average number of Equity Shares which could have been issued on the conversion of all dilutive potential Equity Shares after considering bonus shares which have been issued subsequent to March 31, 2023 for all periods presented in accordance with Ind AS 33.
  4. Net asset value per Equity Share is the total equity divided by the weighted average numbers of Equity Shares outstanding during the period/year (as adjusted for the effect of bonus shares issued subsequent to March 31, 2023 and used in calculating basic earning per share in accordance with principles of Ind AS 33)
  5. The company's "RONW" means return on net worth; return on net worth is the restated profit for the year divided by net worth.
  6. Basic EPS is sourced from the audited consolidated financial results of the peer for the year ended March 31, 2023.
  7. Diluted EPS is sourced from the audited consolidated financial results of the peer for the year ended March 31, 2023.
  8. Net asset value per Equity Share is the total equity divided by the weighted average numbers of Equity Shares outstanding during the year (as adjusted for the effect of bonus shares issued subsequent to year-end and used in calculating basic earnings per share).
  9. The P/E Ratio has been computed based on the closing market price of equity shares on BSE on June 10, 2024, divided by the Diluted EPS.
  10. Return on net worth is the restated profit for the year divided by the net worth.

DEE Piping Systems IPO Review by Members

DEE Piping Systems IPO Reviews, analysis and views by popular members. Read DEE Development Engineers Limited IPO reviews by retail investors to find recommended ipo to buy.

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DEE Piping Systems IPO Review Summary by Members

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