Synopsis :- Small-cap Defence stock is in focus today after receiving orders worth Rs. 10.95 crore.
A Small-cap company that is in the business of manufacturing, overhaul, repairs, and maintenance of shipboard machinery, combat systems, is in the spotlight after receiving orders from the Indian Navy.
With the market capitalization of Rs. 1,415.65 crore, the shares of CFF Fluid Control Limited is trading at Rs. 674.95, down by 1.27 percent from its previous day’s close price of Rs. 683.60 per equity share.
What’s the News?
CFF Fluid Control Ltd received a domestic order worth Rs. 10.95 crore (including tax) from the Material Organisation of the Indian Navy for the procurement of various equipment under the P75 Project. The order is to be executed with delivery scheduled by October 2026.
Project 75 is an Indian Navy program to build six modern Scorpene class submarines in India with the help of France’s Naval Group and Mazagon Dock Shipbuilders Limited. The project aims to strengthen India’s underwater defense by adding advanced submarines that are quiet, powerful, and equipped with modern sonar and weapon systems.
The six submarines are named INS Kalvari, INS Khanderi, INS Karanj, INS Vela, INS Vagir, and INS Vagsheer. It is an important step toward making India more self-reliant in building and maintaining submarines, and companies like CFF Fluid Control Ltd supply important parts and systems for this project.
About the Company
CFF Fluid Control Limited, established in 2012 and based in Mumbai, specializes in manufacturing, overhauling, repairing, and maintaining shipboard machinery and combat systems for the Indian Navy. The company provides comprehensive defence solutions for ships and submarines, covering indigenization, integration, commissioning, and lifecycle support.
It also undertakes rapid prototyping, precision fabrication, and development of critical components for land, air, and naval platforms, including missile and tank systems. Additionally, CFF offers specialized solutions for the energy sector, involving fuel handling, water and gas monitoring systems, and clean energy propulsion installations for marine and locomotive assets.
The company reported revenue of Rs. 66 crore in H2 FY25, down 17.5 percent from Rs. 80 crore in H1 FY25 but increased by 40.43 percent YoY from Rs. 47 crore in H2 FY24. The company reported a net profit of Rs. 10 crore in H2FY25, down 28.57 percent from Rs. 14 crore in H1 FY25 and up by 42.86 percent YoY from Rs. 7 crore in H2 FY24.
A return on equity (ROE) of about 17.4 percent, a return on capital employed (ROCE) of about 22.1 percent and debt to equity ratio at 0.14 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 59.7x lower as compared to its industry P/E 67.2x.
Shareholding Pattern
As of September 2025, the company’s shareholding pattern shows that promoters hold 68.06 percent of the total equity, indicating strong promoter ownership. Foreign Institutional Investors (FIIs) hold 0.01 percent, while Domestic Institutional Investors (DIIs) own 0.52 percent. The public shareholding stands at 31.42 percent, reflecting a healthy level of retail participation in the company.
Written by Akshay Sanghavi
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