Shares of this microcap defence company have given a multibagger return of 106 percent from its listing price almost 4 months ago, the company today got an order from the Indian navy of Rs. 7.19 crores.
At 2:15, 23th October shares of CFF Fluid Control Ltd were trading at Rs. 380 per share, down by 2.7 percent from previous closing price of Rs. 390.5 per share. The company has a market capitalization of Rs. 760 crores.
On 20th october, the company announced through a regulatory filing on Bombay stock exchange (BSE) that they have received a contract for procurement of Spares of TWA MCA 62.5 System for Indian navy submarines, amounting to approximately Rs. 7.19 crores including taxes.
Since the stock is newly listed, results for previous quarters are not available. On a yearly basis Revenue of the company increased by 50.39 percent to Rs. 70.67 crores in march 2023 from Rs. 46.99 crores in march 2022, in the same time period net profit increased by 31.18 percent to Rs. 10.14 crores from 7.73 crores.
Looking at the profitability ratios, the company reported return on equity (ROE) of 50.88 percent and return on capital employed (ROCE) of 34.29 percent in the last financial year.
Established in 2012, CFF Fluid Control Limited focuses primarily on the production and maintenance of shipboard machinery. The company specialises in crafting essential component systems and testing facilities designed for use in submarines and surface ships utilised by the Indian Navy.
Written by: Vinit Israni
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