Rs 600+ crore order book: Defence company receives order worth Rs 5,86,00,000 from Indian Navy

CFF Fluid Control Limited, a specialist in Naval Ship and submarine systems, has been awarded a domestic contract worth approximately Rs 5,86,00,000 (including tax) by the Material Organisation (Indian Navy), Mumbai. This order is for the Procurement of Equipment's P75 Project, a significant undertaking for the Indian Navy. CFF is expected to complete the delivery of this equipment by July 2026.

Earlier, the company entered into a Memorandum of Understanding (MoU) with Garden Reach Shipbuilders and Engineers Ltd (GRSE). This strategic MoU aims to bolster CFF's portfolio in Naval & Marine Systems through collaboration with GRSE, a Government of India undertaking known for designing, building, and repairing warships and other vessels. The partnership specifically focuses on jointly developing subsea-based sonar systems and pursuing and executing related contracts by leveraging the combined strengths and expertise of both entities.

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. The company has a market cap of over Rs 1,200 crore and reported positive numbers in its half-yearly results (H2FY25) and annual results (FY25). The company has an order book of over Rs 600 crore.

In its half-yearly results (H2FY25), the company reported net sales of Rs 66 crore and net profit of Rs 10 crore while in its annual results (FY25), the company reported net sales of Rs 146 crore and net profit of Rs 24 crore. The company's shares have an ROE of 18 per cent and an ROCE of 22 per cent. The stock is up by 62 per cent from its 52-week low of Rs 392 per share and has given multibagger returns of 282 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.