The shares of this defense equipment manufacturing company jumped up to 1.5 percent on BSE after bagging an order from the Indian Navy and other organizations worth Rs. 11.30 crores.
With a market capitalization of Rs. 885 crores, the shares of CFF Fluid Control Ltd opened Thursday’s trading session on a positive note at Rs. 458.65 compared to its previous close at Rs. 454.50. The share hit a high at Rs.462, gaining around 1.5 percent, and is currently trading at Rs. 453.10 apiece.
Such a positive movement was observed after the company in an exchange filing mentioned that they have received the Contract for Procurement of Spares of TWA MCA 62.5 System totalling approx. Rs. 11.30 Crores from the Indian Navy, Cpro, and Material Organisation. Furthermore, the company mentioned that the orders will be delivered by February 2025.
Looking at the financial statements, the company’s revenue increased by 50 percent from Rs. 46.99 crores during FY 21-22 to Rs. 70.67 crores in FY 22-23. In addition, the net profit increased by 30 percent from Rs. 7.73 crores to Rs. 10.14 crores during the same period.
Coming onto the important financial ratios, the return on equity was at 50.88 percent during FY 22-23 and the return on capital employed was recorded as 34.29 percent during the same timeframe.
According to the latest shareholding pattern, Promoters hold a 73.30 percent stake in the company, and the remaining 26.70 percent shares are with the Public.
Headquartered in Raigarh, CFF Fluid Control Ltd was incorporated in the year 2012. The Company is in the business of manufacturing, overhauling, repairs, and maintenance of shipboard machinery, combat systems, reference systems, and test facilities (pneumatic, hydraulic, electrical, electronic systems) for submarines and surface ships for the Indian Navy.
Written By Vaibhav Patil
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