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CFF Fluid Control Ltd (543920)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543920 NSE: Aerospace & Defense | Small Cap | CFF Fluid Control Share Price

₹960.30 21.20 (2.26%)

As on 24-Jul'26 16:59

CFF Fluid Control Ltd (543920)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543920 NSE: Aerospace & Defense | Small Cap | CFF Fluid Control Share Price

₹960.30 21.20 (2.26%)

As on 24-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,970 Cr.
Current Price
₹960.3
52-Week Low / High
₹445 / 1,009
TTM EPS
₹18.7
TTM Sales
₹209 Cr.
Book Value per Share
₹126.9
P/E Ratio
50.25
Lower than its 5-year historical median
Industry PE
46.1
Price to Book (P/B)
7.40
In line with its 5-year historical median
Price to Sales (P/S)
9.44
In line with its 5-year historical median
EV/EBITDA
32.74
In line with its 5-year historical median
Dividend Yield
0.1%
Profitability Efficiency
Return on Equity (ROE)
18.93%
Outperforms industry median
Return on Capital Employed (ROCE)
23.49%
Outperforms industry median
Return on Assets (ROA)
15.24%
Operating Profit Margin
28.9%
Net Profit Margin
18.78%
Gross Profit Margin
27.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
43.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
45%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
64.36%
Asset Quality
Promoter Holding
68.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹245 Cr.
Equity
₹21 Cr.
Face Value
₹10
All Time Low / High
₹165.00 / 1008.95

CFF Fluid Control stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is CFF Fluid Control Ltd a good quality company?
CFF Fluid Control Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does CFF Fluid Control Ltd performance compare with that of its Peers?
Q.1 Revenue growth of CFF Fluid Control Ltd vs industry peers?
CFF Fluid Control Ltd revenue CAGR is 70.42%, compared to the industry median CAGR of 17.94%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of CFF Fluid Control Ltd?
Promoters hold 68.06% of the CFF Fluid Control Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of CFF Fluid Control Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 54.32% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CFF Fluid Control Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 18.4%8%38.3%34.3%24%22.1%23.5%-
Value Creation
Index
0.3-0.41.71.50.70.60.7-

Growth Parameters

Sales 31.814.54770.7107146209209
Sales YoY Gr.--54.3%223.6%50.4%51.2%36.2%43.4%-
Adj EPS 1.10.15.46.98.812.119.118.7
YoY Gr.--93.8%7657.1%27.6%27%37.6%57.3%-
BVPS (₹) 4.84.910.417.564.775.9126.9126.9
Adj Net
Profit
1.60.17.89.917.123.64039
Cash Flow from Ops. 19.7-7.415.1-9.3-26.7-3.2-26.1-
Debt/CF from Ops. 0.7-3.11.1-5-0.9-6.6-0.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA70.4%43.5%43.4%
Adj EPS NA206.9%40.1%57.3%
BVPSNA91.4%93.5%67.2%
Share Price - - 54.6% 48.1%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
23.61.570.749.622.717.219.314.7
Op. Profit
Mgn %
16.919.426.626.128.92828.9NAN
Net Profit
Mgn %
5.10.716.5141616.219.218.8
Debt to
Equity
2.13.21.11.80.20.10.1-
Working Cap
Days
07902912702833303400
Cash Conv.
Cycle
03941011031551961990

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales32154771107146209
Operating Expenses + 2712355276105150
Manufacturing Costs001292818
Material Costs24103144555899
Employee Cost 111341115
Other Costs 10238817
Operating Profit 531218314159
Operating Profit Margin (%) 15.7%19.4%26.5%26.1%28.8%28.0%28.4%
Other Income + 0000010
Exceptional Items 0000000
Interest 2213221
Depreciation 1111466
Profit Before Tax 201014243352
Tax 00347913
Profit After Tax 10810172439
PAT Margin (%) 4.2%1.7%16.5%14.3%16.0%16.4%18.8%
Adjusted EPS (₹)0.90.25.47.18.812.318.7
Dividend Payout Ratio (%)0%0%0%0%11.40%4.10%5.40%

Valuation of CFF Fluid Control - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 771525126148266
Share Capital 11114191921
Reserves 661411106128245
Debt +13201545211920
Long Term Debt2101230653
Short Term Debt1110315151417
Minority Interest0000000
Trade Payables9620921520
Others Liabilities 16969111710
Total Liabilities 45425689161199316

Fixed Assets

Net Fixed Assets +109826303631
Gross Block14141434425355
Accumulated Depreciation4567121824
CWIP 00008211
Investments 0000000
Inventories18202137536054
Trade Receivables47138960105
Cash Equivalents 324217344
Others Assets 1051015433973
Total Assets 45425689161199316

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 20-715-9-27-3-26
PBT 201014243352
Adjustment 4324788
Changes in Working Capital 15-103-25-51-42-69
Tax Paid -0-0-0-3-6-2-17
Cash Flow From Investing Activity + 00-6-19-17-5-10
Capex -000-19-17-5-10
Net Investments 0000000
Others 00-60000
Cash Flow From Financing Activity + -197-72659-777
Net Proceeds from Shares 000085081
Net Proceeds from Borrowing -98119-24-2-2
Interest Paid -2-2-1-3-2-2-1
Dividend Paid 0000-1-2-2
Others -80-7111-10
Net Cash Flow 1-12-216-1541

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.783.5670.650.8822.6417.4218.93
ROCE (%)18.437.9938.2734.2924.0222.1323.49
Asset Turnover Ratio0.710.330.960.980.860.810.81
PAT to CFO Conversion(x)20N/A1.88-0.9-1.59-0.13-0.67
Working Capital Days
Receivable Days41.10127.9076.70552985.90143.60
Inventory Days210.20481.90158.80150.10153.60141.1099.30
Payable Days133.70273.70150.30119.2039.3054.2063.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

CFF Fluid Control Ltd FAQs

The current trading price of CFF Fluid Control on 24-Jul-2026 16:59 is ₹960.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jul-2026 the market cap of CFF Fluid Control stood at ₹1,969.7 Cr

The latest P/E ratio of CFF Fluid Control as of 23-Jul-2026 is 50.25.

The latest P/B ratio of CFF Fluid Control as of 23-Jul-2026 is 7.40.

The 52-week high of CFF Fluid Control is ₹1,009 and the 52-week low is ₹445.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CFF Fluid Control is ₹209 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that CFF Fluid Control Ltd is a average quality company.

The key valuation ratios of CFF Fluid Control Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CFF Fluid Control Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About CFF Fluid Control Ltd

The company was incorporated as Flash Forge Fluid Control Private Limited on February 16, 2012 under the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra bearing Registration number 227023. The name of the company was changed to CFF Fluid Control Private Limited vide Special resolution dated September 21, 2012. The fresh certificate of incorporation consequent of name change was issued on October 19, 2012 by the Registrar of Companies, Mumbai, Maharashtra. Further the status of the Company was changed to Public limited and the name of the company was changed to CFF Fluid Control Limited vide Special Resolution dated September 05, 2022. The fresh certificate of incorporation consequent to conversion was issued on September 15, 2022 by the Registrar of Companies, Mumbai, Maharashtra.

CFF Fluid Control was established to provide cutting-edge technology and engineering solutions for the defence industry in India. The company is primarily in the business of manufacturing and servicing of shipboard machinery, critical component systems and test facilities for submarines & surface ships for The Indian Navy. Further it also design, manufacture and service Mechanical Equipments and systems for industries like Nuclear and Clean Energy.

Its facilities are situated at Khopoli from where it design, manufacture and service fluid control systems, distributor and air panels, Weapons and Control Systems, Steering gear, Propulsion Systems, High Pressure Air Systems, Hydraulics Systems, Breathing and Diving Air Systems and Integrated Platform Management Systems for submarines and surface ships for the Indian Navy and its OEMs. The facility has all the relevant state of the art machinery and testing facilities. Its Facility is approved by Indian Navy, MDL & Naval Group (France) and has ISO 9001:2015 certification for quality management systems. 

Business area of the company 

The company is primarily in the business of manufacturing and servicing of shipboard machinery, critical component systems and test facilities for submarines & surface ships for The Indian Navy.

Products and services of the company

  • Fluid Control Products
  • Distributors and air Panels
  • Nuclear Sampling System
  • Components for Akash Missiles and T92 Tanks
  • System Integration
  • Repair and Maintenance services 

History and milestones

  • 2012: Incorporation of the company as Flash Forge Fluid Control Private Limited
  • 2012: Name of the Company was changed to CFF Fluid Control Private Limited vide special resolution passed at general meeting dated September 21, 2012.
  • 2015: Company received government order from Naval Group.
  • 2015: Company acquired service from Coyard SAS France for design, manufacture and supply of Mechanical Components for the Scorpene submarine program.
  • 2018: Turnover of the company crossed Rs 20 crore mark.
  • 2019: Turnover of the company crossed Rs 35 crore mark.
  • 2020: Participant SIDM Champion Awards 2020 under category of Creation of Niche Technological capability for Design, Manufacturing or Testing. Sub Category : SSI/Start -up.
  • 2022: Turnover of the company crossed Rs 45 crore mark.
  • 2022: Company converted from Private Limited Company to Public Limited Company vide special resolution passed at General Meeting dated September 05, 2022.
  • 2022: CFF has established longstanding strategic partnerships with foreign Manufacturers. The partnerships are carefully chosen to bring technology which is not available in India and is the need for the Indian Defence Industry. Its key tie-ups are with M/s Nereides of France and M/s Minerva Issartel of France.

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