Rs 195 crore order book: This multibagger aerospace and defence equipment company bags new order worth Rs 7.19 crore!
The company recently bagged an order worth Rs 85.54 crores.
CFF Fluid Control Limited informed in the exchange filing that the company has bagged an order worth Rs 7.19 crore. The order is for the supply of spares of the TWA MCA 62.5 system from the Indian Navy, Cpro, Material Organisation, Mumbai.
The company posted strong financial results in FY23. The company's revenue for FY23 stood at Rs 70.67 crore which grew by 50.39 per cent YoY. The operating profit of the company stood at Rs 18.83 crore, while the PAT of the company stood at Rs 10.13 crore, representing a growth of 31.06 per cent YoY.
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The company recently bagged an order worth Rs 85.54 crore, for the Supply of Spares of P 75 Project. The order is from Mazagon Dock Shipbuilders Limited. As of FY23, the company has an order book worth 195.7 Crores with 90 per cent of orders from the Indian Navy, of which 93.8 crores are already completed.
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. CFF Fluid Control was incorporated with the purpose of having a dedicated new entity focused on meeting the growing requirements of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited. In the last six months, the stock has delivered multibagger returns of over 100 per cent.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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