CFF Fluid Control – An aerospace and defence equipment company delivered more than 100%

CFF Fluid Control Limited has delivered multibagger returns to its shareholders in the last six months. During this period, the company’s share price surged from Rs 183.75 on June 12, 2020, to Rs 432 on November 22, 2023, representing an increase of over 130% in just six months. An investment of Rs 1 lakh in this company’s shares six months ago would have grown to Rs 2.30 lakh today.

Financial Performance

The company posted strong half-yearly financial results in H1FY24. The company’s revenue for H1FY24 stood at Rs 59.45 crore which grew by 52.58% YoY. The operating profit of the company stood at Rs 17.76 crore, while the PAT of the company stood at Rs 10.10 crore, representing a growth of 57.9% YoY.

Today, CFF Fluid Control Limited has secured a contract worth approximately Rs. 7.70 crore from Goa Shipyard Limited for the execution of Heating, Ventilation, Air Conditioning & Refrigeration Systems for Yard 1258. The contract is expected to be completed by April 2027.

Business Overview

CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing shipboard machinery. The company manufactures critical component systems and test facilities for submarines and surface ships for The Indian Navy. CFF Fluid Control was incorporated with the purpose of having a dedicated new entity focused on meeting the growing requirements of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited.

Stock Price Movement

Today, the stock opened at Rs 431, with a high and low of Rs 439.30 and Rs 428, respectively. The stock closed trading at Rs 432, which increased by 0.15%. The stock has a 52-week high of Rs 494.40 and a 52-week low of Rs 165.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.