CFF Fluid Control Ltd
Incorporated in 2012, CFF Fluid Control Ltd is in the business of manufacturing, overhaul, repairs, and maintenance of shipboard machinery, combat system, reference system, test facilities (pneumatic, hydraulic, electrical, electrical systems) for submarines and surface ships for Indian Navy[1]
- Market Cap ₹ 1,352 Cr.
- Current Price ₹ 645
- High / Low ₹ 765 / 392
- Stock P/E 56.7
- Book Value ₹ 75.9
- Dividend Yield 0.16 %
- ROCE 22.1 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 76.6% CAGR over last 5 years
Cons
- Stock is trading at 8.49 times its book value
- Debtor days have increased from 73.9 to 150 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 32 | 15 | 47 | 71 | 107 | 146 | |
| 27 | 12 | 34 | 52 | 76 | 105 | |
| Operating Profit | 5 | 3 | 13 | 18 | 31 | 41 |
| OPM % | 16% | 19% | 27% | 26% | 29% | 28% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 2 | 2 | 1 | 3 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 4 | 6 |
| Profit before tax | 2 | 0 | 10 | 14 | 24 | 33 |
| Tax % | 25% | 4% | 25% | 30% | 29% | 28% |
| 1 | 0 | 8 | 10 | 17 | 24 | |
| EPS in Rs | 18.92 | 3.50 | 108.31 | 7.10 | 8.78 | 12.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 46% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 45% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 0.71 | 14 | 19 | 19 |
| Reserves | 6 | 6 | 14 | 11 | 106 | 128 |
| 14 | 23 | 17 | 46 | 23 | 21 | |
| 23 | 13 | 25 | 18 | 12 | 30 | |
| Total Liabilities | 45 | 42 | 56 | 89 | 161 | 199 |
| 10 | 9 | 8 | 26 | 30 | 36 | |
| CWIP | 0 | 0 | 0 | 0 | 8 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 34 | 33 | 48 | 62 | 122 | 161 | |
| Total Assets | 45 | 42 | 56 | 89 | 161 | 199 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 20 | -7 | 15 | -9 | -27 | -3 | |
| 0 | 0 | -6 | -19 | -17 | -5 | |
| -19 | 7 | -7 | 26 | 59 | -7 | |
| Net Cash Flow | 1 | -1 | 2 | -2 | 16 | -15 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 41 | 166 | 102 | 42 | 30 | 150 |
| Inventory Days | 282 | 746 | 244 | 307 | 351 | 376 |
| Days Payable | 134 | 225 | 230 | 77 | 16 | 93 |
| Cash Conversion Cycle | 189 | 687 | 116 | 272 | 365 | 433 |
| Working Capital Days | -42 | 155 | 109 | 140 | 258 | 280 |
| ROCE % | 8% | 38% | 34% | 24% | 22% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Oct - Received LOI from Indian Navy for P75 Project procurement, value INR 27.74 Crore; delivery by March 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
30 Sep - LOI from Indian Navy for P75 equipment procurement worth INR 11.69 Crore; delivery by March 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Sep - Received LOI from Indian Navy for P75 project equipment, value INR11.69 Crore; delivery by March 2026;
- Closure of Trading Window 25 Sep
-
Announcement under Regulation 30 (LODR)-Credit Rating
10 Sep - Credit rating upgraded to BBB+/Stable/A2' from BBB/Positive/A3' on 10 Sep 2025.
Business Overview:[1][2]
CFFFCL started as a component manufacturer and is now provides advanced solutions for naval and submarine systems. The company manufactures critical component systems and test facilities for submarines & surface ships for the Indian Navy. Further, it also designs, develops mechanical equipment and systems for industries like Nuclear and Clean Energy