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.
Also Read: EV-charger & solar products manufacturer – Servotech Power Systems unveiled its financial results for the quarter and year ended March 31, 2024; PAT zooms over 200 per cent
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.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Rs 166.1 crore order book: Multibagger iron & steel stock at Rs 45; Company bags new order worth Rs 117.17 crore from BHEL & NTPC
-
Rs 5,690 crore order book: This multibagger railway civil construction company bags new order worth Rs 26.97 crore from Karnataka Mining Environment Restoration Corporation
-
Rs 22,000 crore order book: This multibagger shipbuilding & repair company bags a new order worth Rs 1,100 crore from Wilson ASA, Norway
-
Rs 85,000 crore order book: This multibagger railway infra company incorporated subsidiary company in DUBAI; details inside!
-
After Rs 7,000 crore orders from Adani Group, this heavy electrical equipment company likely to bags another huge order worth Rs 13,300 crore from Damodar Valley Corporation
-
Rs 85,000 crore order book: This multibagger railway infra company bags new orders worth Rs 229,20,48,323.26 from Ministry of Railways
-
5:1 stock split & 2.36-GW order book: This solar power generation company bags new order worth Rs 4,12,20,000
-
Rs 300 crore order book: This multibagger cylinder manufacturing company bags new order worth Rs 55 crore from Indian Oil Corporation Limited (IOCL)
-
Rs 58,415 crore order book: This multibagger engineering & construction company bags new order worth Rs 2,333 crore
-
Rs 7,102 crore order book: Multibagger railway wagons company achieves significant milestones in battery technology for Indian Railways
-
Rs 3,300 crore order book: This multibagger civil construction company bags new orders worth Rs 152.11 crore from Office of Superintending Engineer
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 100 crore from REC Ltd
-
Rs 1,210 crore order book: This multibagger civil construction bags new order worth Rs 59.84 crore from National Highway & Infrastructure Development Corporation of India
-
1:1 Bonus Share & Rs 3,672 Crore Order Book: Board of this multibagger civil construction company announces Record Date for bonus shares; check eligibility!
-
Rs 85,000 crore order book: Multibagger railway infra company emerges as lowest bidder (L1) for an order worth Rs 191,53,74,279.51 from South Eastern Railway
-
Rs 12,434 crore order book & FIIs increase stake: This multibagger civil construction company bags new order worth Rs 447.11 crore from South Central Railway
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 1,369.62 crore from various clients; Stock up by 4.9 per cent!
-
Rs 4,75,800 crore order book: LIC-backed multibagger civil construction company bags offshore order between Rs 2,500 to Rs 5,000 crore from ONGC
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 878.17 crore from various clients!
-
Rs 4,700 crore order book & FIIs increase stake: This multibagger railway telecom company bags new order worth Rs 11,23,69,040 from Ministry of Defence