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 ₹ 1,247 Cr.
- Current Price ₹ 640
- High / Low ₹ 949 / 392
- Stock P/E 52.3
- 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 8.43 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: | -30% |
| 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 | 96 | 468 | 148 | 220 | 317 | 321 |
| ROCE % | 8% | 38% | 34% | 24% | 22% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17h - Received Rs.4.94 Cr order from GRSE for spares supply for 3 ships, delivery by Dec 2025.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - CFF Fluid Control received Rs.11.72 Cr order for P75 spares from government, delivery by June 2026.
-
Board Meeting Intimation for Audited Results For The Special Purpose
27 Jun - Board meeting on July 2 to approve restated financials for March 31, 2025 period.
-
Intimation Of Record Date
18 Jun - Record date set as June 30, 2025, for final dividend for FY ended March 31, 2025.
- Revised Intimation Of Book Closure Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligation And Disclosure Requirement) Regulations, 2015. 18 Jun
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