अApnaFunda

DEEPAK BUILDERS AND ENG LTD (DBEIL)

Industrial Services · Engineering & Construction · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.50 / 100
Profitability 46Balance sheet 54

Share price

Closing priceAdjusted for splits and bonus issues.

₹6.19 latest close · −26.9% over the last 90 sessions

₹6₹7₹8Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹6₹7₹8Jul 3Sep 4Nov 9

₹6.19 month-end · −53.5% over 12 months

₹5₹8₹10₹13Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹5₹8₹10₹13Nov '25May '26Nov '26

₹6.19 month-end · −61.5% since Oct '24

₹5₹10₹15₹20Oct '24Mar '25Aug '25Jan '26Jun '26Nov '26 ₹5₹10₹15₹20Oct '24Nov '25Nov '26

52-week range ₹5.15 to ₹15.10 · 1-year volatility 47.7%

Was the rally earned?

-54%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 57 points, while the multiple moved less (P/E 10.0x to 10.5x).
  • The share count rose 8%.
Net profit growth: −52 pts. Points of the price return explained by net profit growing (or shrinking).−52 ptsNet profit growthP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3 ptsP/E changeShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5 ptsShare count changeShare price: −53%−53%Share priceNet profit growth: −52 pts. Points of the price return explained by net profit growing (or shrinking).−52ProfitP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3P/EShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5SharesShare price: −53%−53%Share price
Net profit growth-52 ptsNet profit fell about 52%, which lowers the price.
P/E change+3 ptsThe P/E rose from 10.0x to 10.5x, which lifts the price.
Share count change-5 ptsShare count rose 8%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-73.8%not yet recovered
1-year volatility47.7%annualised

Drawdown from peak

0%−20%−40%−60%20252026−70.7% 0%−20%−40%−60%20252026−70.7%
Largest drawdowns

-73.8% (2024-12 peak to 2026-03 low, not yet recovered)

Is it expensive against its own past and its peers?

10.5xP/E todayWithin its usual range
Against its own history77th percentile
CheapestMedian 9.3xDearest

Usual range 6.9x to 11.3x since 2024-10.

Against Industrial Services10.5x vs 14.0x
This company
10.5x
Sector median
14.0x

25% below the Industrial Services median.

6.5x13.2x19.8x26.4xOct '24Mar '25Aug '25Jan '26Jun '26Nov '266.5x13.2x19.8x26.4xOct '24Jul '25Apr '26Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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P/B (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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P/S (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Industrial Services is valued

Where does it rank among Industrial Services peers?

Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE43rd▼ 30 pts vs a year ago
  • Op. margin50th▼ 22 pts vs a year ago
  • Revenue growth17th▼ 22 pts vs a year ago
  • EPS growth21st▼ 3 pts vs a year ago
  • Debt/equity ↓49th▼ 7 pts vs a year ago
  • Cash cycle ↓20th▲ 5 pts vs a year ago
  • P/E ↓65th▼ 17 pts vs a year ago
  • 12M momentum12th▼ 44 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~4%annual earnings growth implied by the price

At a P/E of 7.4x, the price would imply about 4.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Industrial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹6.19
P/E
10.5x
ROCE
14.0%
Market Cap
₹288 cr
Revenue (TTM)
₹538 cr
P/S
0.5x
P/B
0.6x
ROE
6.1%
Operating Margin
13.3%
Debt / Equity
0.4x
Promoter Holding
71.8%
12M Momentum
-53.5%

52-week range

₹5.15₹15.10
10% of the way from its 52-week low to its high

Price risk

1Y volatility
47.7%
Beta vs sector
1-year daily
1.00

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
-1.15x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 beyond a threshold
Other income reliance15%Within range

Other income as a share of pre-tax profit (trailing twelve months): 14.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.6%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-1.15xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1.15x (cash from operations ₹-180 cr, net profit ₹157 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow0 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+10 daysWithin range

Debtor days are above the median of the previous three fiscal years by 10 days (82 vs 72). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-39 days / 2 yrsWithin range

Days payable changed by -39 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, DIIs added 4.4 pts; FIIs trimmed 2.6 pts; promoters trimmed 0.7 pts.
  • The number of shareholders fell from 51,336 to 46,769 (-9%) between Dec 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '24Jun '26Change
Promoters72.5%71.8%-0.7 pts
FIIs2.6%0.1%-2.6 pts
DIIs3.5%7.9%+4.4 pts
Public and others21.3%20.2%-1.1 pts

Number of shareholders

46,769shareholders-9% since Dec '24
41k44k48k51k Dec '24Jun '25Dec '25Jun '26
Dec '24: 51,336
Mar '25: 48,791
Jun '25: 47,615
Sep '25: 43,600
Dec '25: 42,014
Mar '26: 40,746
Jun '26: 46,769
41k44k48k51k Dec '24Jun '25Dec '25Jun '26
Dec '24: 51,336
Mar '25: 48,791
Jun '25: 47,615
Sep '25: 43,600
Dec '25: 42,014
Mar '26: 40,746
Jun '26: 46,769

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+10.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like DEEPAK BUILDERS AND ENG LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −15% to +56% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+11.0%, 80% range −5.9% to +11.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VPRPL · Sep 2025: −68.7% vs market
BALAJEE · Oct 2025: −55.0% vs market
NAMAN · Oct 2025: −47.2% vs market
VALIANTORG · Oct 2023: −35.1% vs market
BESTAGRO · Oct 2025: −32.4% vs market
FOODSIN · Sep 2024: −30.4% vs market
KHAICHEM · Jun 2023: −27.0% vs market
RAMAPHO · Dec 2023: −23.6% vs market
IRMENERGY · Dec 2024: −21.9% vs market
ELECTCAST · Sep 2025: −21.0% vs market
PRITIKAUTO · Apr 2025: −20.7% vs market
VISHWARAJ · Jun 2022: −15.9% vs market
KONSTELEC · Sep 2025: −15.7% vs market
RGL · Nov 2022: −13.2% vs market
UFO · Jan 2021: −12.9% vs market
PSFL · Oct 2025: −12.6% vs market
AMDIND · Sep 2023: −11.4% vs market
ELIN · Jan 2024: −7.2% vs market
HUHTAMAKI · Jun 2025: −6.8% vs market
VASCONEQ · Feb 2025: −6.4% vs market
AKSHOPTFBR · Mar 2020: −0.8% vs market
HARIOMPIPE · Jun 2025: −0.1% vs market
SHIVATEX · May 2023: +0.8% vs market
BVCL · Jun 2025: +7.9% vs market
RPPINFRA · May 2022: +9.4% vs market
PATINTLOG · Mar 2020: +10.8% vs market
HARRMALAYA · Apr 2023: +11.1% vs market
RKEC · May 2022: +11.2% vs market
PCJEWELLER · Oct 2020: +12.2% vs market
MAHESHWARI · Mar 2021: +13.0% vs market
SMSPHARMA · Jan 2023: +16.2% vs market
KRITI · Nov 2022: +18.2% vs market
JAYAGROGN · Feb 2020: +23.5% vs market
KELLTONTEC · Jan 2023: +28.2% vs market
NCC · Oct 2020: +31.4% vs market
BIL · May 2020: +45.5% vs market
CAPACITE · Jul 2020: +56.1% vs market
SCPL · Jun 2025: +56.1% vs market
SHEMAROO · Mar 2021: +68.5% vs market
WABAG · May 2020: +69.1% vs market
BAJAJHCARE · Jan 2024: +76.8% vs market
NRAIL · Mar 2025: +86.3% vs market
AURIONPRO · Jun 2020: +88.3% vs market
SPAL · Aug 2020: +94.7% vs market
DCMSRIND · Apr 2023: +100.0% vs market
DYNAMATECH · Jul 2020: +102.4% vs market
SIYSIL · Oct 2020: +110.3% vs market
ELECON · Apr 2020: +163.6% vs market
PANAMAPET · Apr 2020: +185.1% vs market
EVEREADY · Jan 2020: +193.0% vs market
Similar setups +10.1%All companies −0.9%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median
+10.1%
All companies' median
−0.9%
Beat the market
56% vs 49%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
WABAG
Industrial Services
May 2020 5x11% −72%−74% +69%
PRITIKAUTO
Producer Manufacturing
Apr 2025 14x12% −46%−56% −21%
RGL
Consumer Durables
Nov 2022 9x11% −39%−51% −13%
PANAMAPET
Process Industries
Apr 2020 5x20% −68%−69% +185%
BESTAGRO
Process Industries
Oct 2025 11x13% −39%−50% −32%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PATINTLOG
Transportation
Mar 2020 4x10% −78%−81% +11%
RAMAPHO
Process Industries
Dec 2023 9x17% −24%−24% −24%
IRMENERGY
Energy Minerals
Dec 2024 22x15% −36%−43% −22%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: ROCE, P/S and drawdown from 12-month high. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to DEEPAK BUILDERS AND ENG LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

11 events since Dec '24

  1. JunInstitutionsFII + DII holding rose 6.8 pts over 1 quarter to 9.2%.
  2. JunPeer rankSlipped to the 3rd quartile of Industrial Services on ROCE (from the 2nd quartile).
  3. MayDebtDebt / equity halved over 12 months to 0.33x.
  4. MarPriceFell 74% from the Dec 2024 peak to the Mar 2026 low.
  5. MarPeer rankSlipped to the 3rd quartile of Industrial Services on operating margin (from the top quartile).
  6. DecPeer rankMoved into the top quartile of Industrial Services on operating margin (from the 2nd quartile).
  7. OctDebtDebt / equity halved over 12 months to 0.33x.
  8. OctSharesShare count is up 30.6% over 12 months.
Show 3 earlier events
  1. SepPeer rankMoved into the 2nd quartile of Industrial Services on operating margin (from the 3rd quartile).
  2. JunPeer rankSlipped to the 2nd quartile of Industrial Services on ROCE (from the top quartile).
  3. DecPeer rankSlipped to the 2nd quartile of Industrial Services on operating margin (from the top quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history26 months · 2024-10 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1110.5x₹538 cr6.1%14.0%0.4x
2026-1010.4x₹538 cr6.2%14.0%0.4x
2026-0911.3x₹538 cr6.2%14.0%0.4x
2026-087.6x₹554 cr8.9%14.0%0.4x
2026-078.6x₹554 cr8.9%14.0%0.4x
2026-069.4x₹554 cr8.9%14.0%0.4x
2026-0510.6x₹542 cr8.8%25.0%0.3x
2026-0411.0x₹542 cr8.8%25.0%0.3x
2026-036.9x₹542 cr8.8%25.0%0.3x
2026-027.5x₹507 cr11.5%25.0%0.3x
2026-018.6x₹507 cr11.5%25.0%0.3x
2025-1211.6x₹507 cr11.5%25.0%0.3x
2025-1110.0x₹583 cr13.9%25.0%0.3x
2025-1011.2x₹583 cr13.9%25.0%0.3x
2025-0912.9x₹583 cr13.9%25.0%0.3x
2025-089.3x₹582 cr13.7%25.0%0.3x
2025-079.8x₹582 cr13.7%25.0%0.3x
2025-0610.2x₹582 cr13.7%25.0%0.3x
2025-057.4x₹546 cr49.6%43.0%1.0x
2025-046.5x₹546 cr49.6%43.0%1.0x
2025-036.8x₹546 cr49.6%43.0%1.0x
2025-027.0x₹523 cr46.1%43.0%1.0x
2025-018.4x₹523 cr46.1%43.0%1.0x
2024-129.4x₹523 cr46.1%43.0%1.0x
2024-118.4x₹557 cr45.4%43.0%1.0x
2024-107.9x₹557 cr45.4%43.0%1.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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