DEE Development Engineers shares tank 10% as Middle East war impacts export orders; check details

Furthermore, the firm said that as the government invoked the Essential Commodities Act, 1955, its supply to certain domestic clients will see a near-term impact.

The stock was trading 8.72% lower at ₹285.80 per equity share at around 11:04 AM.

The scrip fell 9% in the last week but gained 34% over the week. On a year-to-date basis, it has advanced 36%.

While the share touched a 52-week low of ₹183 on January 27, 2026, it hit a year’s high of ₹336.20 per unit on July 2, 2025.

Impact of West Asia wars

In a regulatory filing dated Tuesday, the company stated that some of its shipments that were scheduled for execution in the near term are at risk of delay or non-fulfilment amid the ongoing military conflict in West Asia, which has led to a disruption in the Strait of Hormuz.

It added that the situation falls squarely within the ambit of force majeure under the terms of its export contracts.

Force majeure is a contractual clause relieving parties from fulfilling obligations in case of extraordinary or unforeseen events, such as wars, natural disasters, etc.

“We have communicated formally with our affected overseas buyers in this regard and are working closely with them through this period,” the Haryana-headquartered company noted.

DEE Development also highlighted its supply to certain domestic clients will be impacted near-term as a consequence of the government invoking the Essential Commodities Act and notifying the Natural Gas (Supply Regulation) Order.

Under the framework, the government has regulated the supply of LPG and natural gas to industrial and commercial consumers, with supplies capped at 80% (and fertiliser plants at 70%) of contracted volumes, prioritising availability for households and essential services.

It added that these developments are expected to have a limited impact on the firm’s overall performance for the current period.

“Our order book is healthy, our manufacturing capabilities remain fully intact, and our financial position is stable. We view these as transient pressures arising from circumstances that are entirely external and beyond the control of any individual enterprise,” it said.

DEE Development Engineering has a total market capitalisation of ₹1,978.51 crore, as of March 18, 2026, according to data on the NSE.