With a market capitalization of Rs 821.90 crores, the stocks of CFF Fluid Control Limited opened their trading hour on Tuesday at Rs 437 and currently trade at Rs 422.05. The company’s scrip witnessed an intra-day high price of Rs 439.95, gaining around 1.50 percent compared to the previous closing price of Rs 433.95 apiece.
Such bullish share price movements were observed today after CFF Fluid Control Limited, via a recent regulatory filing with the Bombay Stock Exchange (BSE), intimated about the receipt of a domestic order worth Rs 5.58 crores from “Naval Dockyard”, Mumbai. The abovementioned order pertains to a ‘Repair Rate Agreement’ for structural renewal onboard Indian Navy (IN) Ships. The same is decided to be executed by April 2026.
According to the recent half-yearly financials, the company reported a stellar performance as far as the basic business indicators, viz, its operating revenues and after-tax profits are concerned. The former rose from Rs 32 crores during H2FY23 to Rs 59 crores during H1FY24, and the latter, during the same period, more than doubled from Rs 4 crores to Rs 10 crores.
According to the latest presentations, the defence company reported an outstanding order book worth Rs 113 crores as of 30th September 2023. Out of the same, half of the orders are attributable to the ‘Electrical Equipment’ segment and the remaining to the ‘Mechanical Equipment’ segment.
Keeping a purview of the last year, the company’s stock delivered multibagger returns of approximately 130 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 2.30 lakhs.
Founded in 2012, CFF Fluid Control Limited is engaged in manufacturing and servicing critical component systems, shipboard machinery, and test facilities for submarines & surface ships for the Indian Navy. It also designs, manufactures, and services mechanical systems and equipment for industries like nuclear & clean energy.
Written by Amit Madnani
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