Multibagger in just 6 months & FIIs increase stake: This aerospace & defence company bags new orders worth Rs 20,61,00,000 from Indian Navy!

The shares of the company gave multibagger returns of 150 per cent in just 6 months.

CFF Fluid Controls Ltd informed that the company has bagged new orders worth Rs 20,61,00,000 from the Indian Navy. Here are the details:

Order No. 1 - The company received the contract for procurement of spares of TWA MCA 62.5 System totalling approx. Rs. 2,12,00,000 (including tax) from Indian Navy, CPRO, Material Organisation, Visakhapatnam and will be delivered by May 2024.

Order No. 2 - The company received the contract for procurement of spares of TWA MCA 62.5 system totalling approx. Rs 11,30,00,000 (including tax) from Indian Navy, CPRO: Material Organisation, Mumbai and will be delivered by February 2025.

Order No. 3 - The company received the contract for procurement of spares of TWA MCA 62.5 system totalling approx. Rs 7,19,00,000 (including tax) from Indian Navy, CPRO: Material Organisation, Mumbai and will be delivered by October 2024.

On Friday, shares of CFF Fluid Controls Ltd plunged 0.92 per cent to Rs 446 per share with an intraday high of Rs 458 and an intraday low of Rs 443.50.

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 Rs 869 crore. As of September 2023, FIIs have increased their stake to 0.17 per cent.

The shares of the company have a ROE of 51 per cent and a ROCE of 34.3 per cent. The shares of the company gave multibagger returns of 150 per cent in just 6 months. This BSE SME IPO stock should be kept under the radar.

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