The shares of a Defence firm, specializing in offering superior know-how and engineering options for the protection business in India, are in focus upon receiving an order for the provision of Spares of P75 from the CONTROLLER OF PROCUREMENT MATERIAL ORGANISATION.
With a market capitalization of Rs. 1,262.51 crores on Tuesday, the shares of CFF Fluid Management Restricted jumped upto 2.5 p.c, making a excessive of Rs. 652.00 in comparison with its earlier shut of Rs. 636.35.
CFF Fluid Management Restricted, engaged in offering superior know-how and engineering options for the protection business in India, has acquired a home order from the Controller of Procurement Materials Organisation, Naval Retailer Depot, Mumbai, for the provision of spares associated to P75, amounting to roughly Rs. 11.72 Crores (together with taxes) and this order is to be executed by June 2026.
P75 refers back to the Indian Navy’s Venture 75, which entails the development of a sequence of superior diesel-electric submarines (Scorpene-class) for the Indian Navy. These submarines are constructed to boost India’s underwater protection capabilities.
Together with it, additionally they acquired a home order from Backyard Attain Shipbuilders & Engineers Ltd (GRSE), Kolkata, for the provision of spares for 3 ship units of P17A, with a complete order worth of roughly Rs. 4.94 Crores (together with taxes).
The order is to be executed and delivered by December 2025. This growth is anticipated to positively contribute to the corporate’s income and additional strengthen its enterprise relationship with key gamers within the protection shipbuilding sector.
Financials & Others
The corporate’s complete income rose by 40.4 p.c from Rs. 47 crore to Rs. 66 crore in H2FY24-25. In the meantime, Internet revenue grew from Rs. 7 crore to Rs. 10 crore throughout the identical interval.
The corporate’s P/E ratio stands at 51.95, which is attractively decrease than the business common of 59.47, indicating comparatively higher worth. It maintains a low debt-to-equity ratio of 0.14, reflecting robust monetary stability, and has delivered a wholesome common ROCE of 15.36% during the last three years.
CFF Fluid Management Restricted, included in 2012 and primarily based in Mumbai, is a number one engineering firm specializing within the manufacture, overhaul, restore, and servicing of shipboard equipment and important techniques for submarines and floor ships, primarily for the Indian Navy.
The corporate additionally gives superior options for industries reminiscent of nuclear and clear power, providing a variety of merchandise together with fluid management techniques, propulsion techniques, high-pressure air techniques, and built-in platform administration techniques.
The corporate has established itself as a key associate in strategic protection tasks, collaborating with world know-how leaders and serving main shoppers like Cochin Shipyards Restricted, Backyard Attain Shipbuilders & Engineers, and extra.
Written by Sridhar J
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