Rs 113 crore order book: This multibagger aerospace & defence company bags new order worth Rs 5.58 crore from Naval Dockyard, Mumbai

The stock gave multibagger returns of 163 per cent from its 52-week low of Rs 165 per share.

CFF Fluid Control Ltd has secured a Repair Rate Agreement with the Naval Dockyard, Mumbai for structural renewal work on Indian Navy (IN) ships. This domestic contract, valued at approximately Rs. 5.58 crore (including tax) will see CFF perform repairs and renewals essential for maintaining the operational readiness of the Indian Navy's fleet. The agreement is expected to be completed by April 2026.

Earlier the company contract for engineering work on Project-MRLC-2 INS Shankush from Mazagon Dock Shipbuilders Limited for a total of Rs 46.46 crore. This biennial rate contract will see CFF providing its expertise until August 2026. In addition to this major contract, CFF has also recently been awarded orders valued at Rs 4.14 crore from the Naval Ship Repair Yard for routine and repair contracts on P-75 class submarines, to be delivered by February 2027, and a separate Rs 4.81 crore contract from the Indian Navy's Controller Procurement, Material Organisation for a spare P75 project with delivery expected by August 2024. These new contracts solidify CFF's position as a key supplier within the Indian shipbuilding and defence sectors.

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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 800 crore and as of September 2023, the company’s order book stands at Rs 113 crore. Additionally, the company reported positive numbers in its half-yearly results (H1FY24) and annual results (FY23).

Today, shares of CFF Fluid Controls Ltd gained 4.07 per cent to an intraday high of Rs 420 per share from its previous closing of Rs 416.70 per share. The stock’s 52-week high is Rs 548.95 and its 52-week low is Rs 165. The company's shares have an ROE of 51 per cent and an ROCE of 34 per cent. The stock gave multibagger returns of 163 per cent from its 52-week low of Rs 165 per share.

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