During Thursday’s trading session, the shares of a company engaged in the business of manufacturing and servicing shipboard machinery and a leading force in India’s defence manufacturing sector are in focus, after receiving an order worth Rs. 3.91 crores for the supply of submarine spare parts.
With a market cap of Rs. 1,338.7 crores, the shares of CFF Fluid Control Limited surged to hit an intraday high at Rs. 695.8 on BSE, as against its previous closing price of Rs. 695.65.
What’s the News:
As per the latest regulatory filings with the stock exchanges, CFF Fluid Control Limited has secured an order from the Controller Of Procurement Material Organisation, Mumbai.
The order, valued at around Rs. 3.91 crores, involves the supply of Spare Parts for P75 and is scheduled to be delivered by December 2025.
P75 spare parts play a critical role in the operational efficiency of submarines, requiring careful management and procurement processes to ensure that they meet stringent military standards. They are used for repairs and refurbishments, which are crucial for maintaining combat systems and other integral components, according to sources.
Financials:
CFF Fluid Control reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 35.6 percent, rising from Rs. 59 crores in H1 FY24 to Rs. 80 crores in H1 FY25.
Similarly, the company’s net profit increased from Rs. 10 crores to Rs. 14 crores over the same period, representing a slight growth of around 40 percent YoY.
Stock Performance:
The stock has delivered positive returns of nearly 63.3 percent in one year, while around 17.2 percent of negative returns in the last six months. So far in 2024, the share of CFF Fluid Control has given positive returns of about 62.7 percent.
About the Company:
Incorporated in 2012, CFF Fluid Control Limited is engaged in the business of manufacturing, overhauling, repairing and maintenance of shipboard machinery, combat systems, reference systems, test facilities (pneumatic, hydraulic, electrical, electrical systems) for submarines and surface ships for Indian Navy.
Written by Shivani Singh
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