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 ₹ 2,187 Cr.
- Current Price ₹ 1,043
- High / Low ₹ 1,148 / 445
- Stock P/E 55.8
- Book Value ₹ 127
- Dividend Yield 0.12 %
- ROCE 23.5 %
- ROE 19.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 175% CAGR over last 5 years
Cons
- Stock is trading at 8.22 times its book value
- Company has high debtors of 183 days.
- Promoter holding has decreased over last 3 years: -5.24%
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 32 | 15 | 47 | 71 | 107 | 146 | 209 | |
| 27 | 12 | 34 | 52 | 76 | 105 | 150 | |
| Operating Profit | 5 | 3 | 13 | 18 | 31 | 41 | 59 |
| OPM % | 16% | 19% | 27% | 26% | 29% | 28% | 28% |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | |
| Interest | 2 | 2 | 1 | 3 | 2 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 4 | 6 | 6 |
| Profit before tax | 2 | 0 | 10 | 14 | 24 | 33 | 52 |
| Tax % | 25% | 4% | 25% | 30% | 29% | 28% | 25% |
| 1 | 0 | 8 | 10 | 17 | 24 | 39 | |
| EPS in Rs | 18.92 | 3.50 | 108.31 | 7.10 | 8.78 | 12.25 | 18.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 8% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 43% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 175% |
| 3 Years: | 57% |
| TTM: | 65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| 1 Year: | 66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 19% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 0.71 | 14 | 19 | 19 | 21 |
| Reserves | 6 | 6 | 14 | 11 | 106 | 128 | 245 |
| 14 | 23 | 17 | 46 | 23 | 21 | 20 | |
| 23 | 13 | 25 | 18 | 12 | 30 | 31 | |
| Total Liabilities | 45 | 42 | 56 | 89 | 161 | 199 | 317 |
| 10 | 9 | 8 | 26 | 30 | 36 | 31 | |
| CWIP | 0 | 0 | 0 | 0 | 8 | 2 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 34 | 33 | 48 | 62 | 122 | 161 | 276 | |
| Total Assets | 45 | 42 | 56 | 89 | 161 | 199 | 317 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 20 | -7 | 15 | -9 | -27 | -3 | -26 | |
| 0 | 0 | -6 | -19 | -17 | -5 | -10 | |
| -19 | 7 | -7 | 26 | 59 | -7 | 77 | |
| Net Cash Flow | 1 | -1 | 2 | -2 | 16 | -15 | 41 |
| Free Cash Flow | 20 | -7 | 15 | -29 | -43 | -8 | -36 |
| CFO/OP | 399% | -266% | 122% | -33% | -67% | -3% | -15% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 166 | 102 | 42 | 30 | 150 | 183 |
| Inventory Days | 282 | 746 | 244 | 307 | 351 | 376 | 197 |
| Days Payable | 134 | 225 | 230 | 77 | 16 | 98 | 72 |
| Cash Conversion Cycle | 189 | 687 | 116 | 272 | 365 | 428 | 308 |
| Working Capital Days | -42 | 155 | 109 | 140 | 258 | 280 | 319 |
| ROCE % | 8% | 38% | 34% | 24% | 22% | 24% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Jul 2026 | |
|---|---|---|---|---|
| Order Book Rs. crores |
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| Manufacturing Facility Area (Khopoli) sq. metres |
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| Defense PSU/OEM Share of Order Book % |
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| Total Workforce count |
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| Design Engineers (R&D) count |
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| Order Book Mix - Mechanical Share % |
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Documents
Announcements
- Closure of Trading Window
-
Closure of Trading Window
- Trading window closes from 1 Oct 2026 until 48 hours after unaudited FY26 results.
-
Announcement Under Regulation 30 (LODR) - Migration From BSE SME Platform To BSE Main Board
- BSE approved CFF Fluid Control’s migration to Main Board, effective September 16, 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- CFF Fluid Control won domestic supply contracts worth Rs 15.29 crore, to be executed by February 2028.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
- Submitted FY2025-26 secretarial compliance report; no non-compliances reported.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
Business & Programme Positioning:[1]
CFF Fluid manufactures and supports critical systems for Indian Navy surface ships and submarines, including sonar, and platform-management, weapon-handling, fluid-control, communication, steering, HVAC and other mechanical and electro-mechanical equipment. Its role extends from indigenous development and manufacturing to testing, refits, repairs and lifecycle support.[2]