CFF Fluid Control Ltd.: History, Latest Updates, Milestones, Subsidiaries & Share Price
Overview of the Company
CFF Fluid Control Ltd. leads in the manufacturing of critical systems for naval defense in India, having expertise in shipboard machinery, fluid controls, propulsion, and test setup for submarines and surface ships. Established in 2012 at Mumbai, with its roots in the Transfer of Technology from France, this firm has grown into a key supplier for Navy projects such as Scorpene, extending into nuclear and clean energy sectors through its advanced Khopoli facilities.?
From modest component production, CFF now handles full overhauls, repairs, and lifecycle support for mechanical, hydraulic, and integrated platforms, partnering with global players like Naval Group. Its 6,000 sqm plant supports indigenization under Make in India, serving major shipyards with precision engineering.?
On early December 2025, the CFF fluid control share price traded at Rs.610 on NSE, reflecting steady demand owing to defense spending. Revenue for FY25 stood at Rs.146 crore, a 36% YoY increase, with net profit at Rs.24 crore, and ROE near 17%. It also posted sales of Rs.104 crore, recording a growth of 30%, in H1 FY26. Market capitalization is approximately Rs.1,280 crore.
Powerful order book over Rs.500 crore, more than 90% coming from defence PSUs, driven by P75 projects and sonar expansion at Pune. Growing naval budgets and new orders place CFF in a good position for sustained growth.?
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Recent Developments in 2025
January 2025
CFF Fluid Control Ltd. has filed its Draft Red Herring Prospectus for a Follow-on Public Offer, signaling expansion plans at a time when order inflows in the overall defense are running strong. The company advanced the completion timeline for prior P75 project spares contracts from the Indian Navy worth more than Rs.10 crore to end-of-this-month. CFF fluid control share price remains stable in the range of Rs.550-Rs.600 on BSE SME, buoyed by naval sector tailwinds.?
March-June 2025
Steady contract executions continued, with a focus on shipboard machinery overhauls for submarines. Preparations intensified for the upcoming FPO, highlighted by robust FY25 results, which showed a 36% growth in revenue to Rs.146 crore. CFF fluid control share price climbed gradually to Rs.620 by June, reflecting improved profitability at Rs.24 crore net profit.?
July 2025
The FPO opened on July 9-11 at Rs.585 per share, raising Rs.88 crore via 15 lakh shares on BSE SME, listed on July 16 amid positive investor response. Promoter holding adjusted post-issue. CFF fluid control share price made a strong debut near Rs.650, with gains on fresh capital for capacity buildup.?
September 2025
The major wins included Letters of Intent from the Indian Navy about Rs.11.69 crore on September 30 and another one for P75 equipment procurement. The trading window was closed amid these disclosures. The CFF fluid control share price was seen hovering at Rs.640-Rs.660, supported by order momentum.?
October-November 2025
October 1 also saw the LOI worth Rs.27.74 crore for the supply related to the P75 project to be supplied by March 2026, along with a Rs.6.16 crore Navy contract and Rs.3.67 crore from Naval Headquarters. On November 14 , announced stellar results for H1 FY26 with Rs.104 crore revenue, up 30% YoY; Rs.19 crore profit; Rs.0.50 interim dividend with record date November 20. CFF fluid control share price surged to a peak of Rs.680 mid-November and then steadied at Rs.640-Rs.657 amid buzz about dividends, with a market cap of Rs.1,354 crore.?
December 2025
The CFF fluid control share price was up 0.4% recently and was trading in the range of Rs.607-Rs.646 as of early December. Volumes were reflective of continued interest in defense names. Order book expanded beyond Rs.500 crore, and positioning for P75 extensions has started.
Evolution
2012: Laying the Foundations
CFF Fluid Control Ltd. was incorporated in February as Flash Forge Fluid Control Private Limited, targeted at pursuing naval defense requirements of India with its incorporation in Mumbai. By September, it was rechristened as CFF Fluid Control Private Limited and won a strategic Transfer of Technology agreement with Coyard SAS of France towards the manufacture of Scorpene submarine components as part of its foray into shipboard machinery manufacturing aligned with Mazagon Dockyard's submarine program.?
2015: First Major Breakthrough
The company secured its first government order from Naval Group for the design, manufacturing, and supply of mechanical parts for Scorpene submarines. With this collaboration, CFF became integrally involved in critical fluid control systems, reliably establishing high-precision naval engineering.?
2018-2019: Revenue Momentum Builds
The turnover crossed Rs.20 crore in the year 2018, spurred on by the increasing demand for propulsion and test facilities in defense projects. Sales crossed Rs.35 crore in the year 2019 due to expanded servicing for shipboard hydraulics and controls amid rising indigenization efforts.?
2020: Recognition and Resilience
The CFF earned accolades at the SIDM Champion Awards, competing as a startup for its niche technological capabilities in design and testing. Amidst global disruptions, the progress on submarine overhauls continued unabated at a steady clip, with emerging competency in integrated mechanical solutions.?
2022: Public Transition and Expansion
Revenue surpassed Rs.45 crore when CFF became a public limited company in September, with expanded access to capital. The deepening of strategic relationships with French companies such as Nereides and Minerva Issartel improved technology transfers for unavailable Indian capabilities.?
2023: SME Listing Milestone
CFF made its debut on BSE SME through IPO in June, raising Rs.85.80 crore at Rs.165 a share to fund Khopoli facility upgrade and order execution. This increased P75 project delivery capacity, as its journey into becoming a listed defense player took off.?
2024: Profit Surge
FY24 has clocked record revenues of Rs.106.86 crore, up 51% YoY, while the net profit jumped 69% to Rs.17.09 crore with strong EBITDA growth. The accelerated order executions for naval PSUs have positioned CFF in nuclear and clean energy segments.?
2025: FPO and Contract Wins
FPO raised Rs.88 crore at Rs.585 per share to fund expansions on the back of a Rs.500 crore+ order book. H1 FY26 revenue reached Rs.104 crore, up 30%, with new Navy LOIs worth more than Rs.50 crores and declaration of interim dividend. CFF firmed up among the top Make in India defense suppliers.
Company Information
| Company Information | |
| Trade Name | CFF Fluid Control Ltd. |
| Founded year | 2012 |
| Headquarters | Mumbai, Maharashtra |
| Industry | Defence (shipboard machinery manufacturing and servicing for Navy) |
| Chairman | Gautam Makkar |
| Revenue | Rs.146 crore (FY25) |
| BSE code | 543920 |
Milestones , Awards and Achievements
2012: Inception Milestone
CFF Fluid Control Ltd. started operations as Flash Forge Fluid Control Private Limited in February, restructuring as CFF Fluid Control Private Limited within September of that year. Secured a landmark Transfer of Technology agreement with France's Coyard SAS for Scorpene submarine components, kickstarting its naval engineering journey.
2015: Entry into Government Contracts
Won the first major contract from Naval Group to design, manufacture, and supply mechanical components specifically designed for Scorpene submarines, confirming its capabilities in precision.?
2018: Revenue Threshold Crossed
Attained more than Rs.20 crore turnover, driven by the increasing demand for propulsion systems and fluid controls in various defense projects.
2019: Sustained Growth Marker
Sales crossed Rs.35 crore, reflecting expanded services in shipboard hydraulics and strengthened relationships with Indian shipyards.?
2020: Awards Recognition
Participated in SIDM Champion Awards under the niche technological capability category for design, manufacturing, and testing; earned acclaim as a startup innovator in defense tech.?
2022: Corporate Evolution
Revenue exceeded Rs.45 crore amid conversion to public limited company status; entered into strategic partnerships with global companies like Nereides and Minerva Issartel for advanced technology indigenization.?
2023: Listing on BSE SME
Successfully listed on BSE SME through an IPO, raising Rs.85.80 crore at Rs.165 per share to enhance capacity for project executions under P75. ?
2024: The Year of Financial Peak
Posted record FY24 revenue of Rs.107 crore, up 51% YoY, while recording net profit growth of 69% to Rs.17 crore. Secured major contracts including Rs.278 crore from GRSE for sonar systems.?
2025: FPO and Order Surge
Executed FPO in July, raising Rs.88 crore at Rs.585 per share. Won multiple LOIs worth over Rs.50 crore from Navy for P75 equipment; revenues rose 30% to Rs.104 crore in H1 FY26, declared interim dividend.
News, Major Corporate Actions & Announcements in 2025
FPO Filing: January 2025
CFF Fluid Control Ltd. has filed its Draft Red Herring Prospectus with SEBI to raise funds through a Follow-on Public Offer proposed for facility expansions and working capital, in view of the booming defense orders.
March 2025: Disclosure of Results for FY25
Announced strong FY25 financials, with revenue rising 36% at Rs.146 crore and net profit at Rs.24 crore, backed by robust P75 project executions.?
July 2025: FPO Launch and Listing
The FPO opened on July 9 at Rs.585 per share and closed on July 11, raising Rs.88 crore by issuing 15 lakh shares on BSE SME. The shares got listed on July 16 and received a positive market response.
September 30, 2025: Navy LOI Win
Secured Letter of Intent worth Rs.11.69 crore from Indian Navy for providing critical equipment for P75 submarine, adding to the order pipeline.?
October 1, 2025 Major P75
Contract Received Rs.27.74 crore LOI for P75 project deliveries scheduled through March 2026, marking a significant revenue anchor.?
October 2025: Additional Defense Orders
Bagged Rs.6.16 crore Navy contract plus Rs.3.67 crore from Naval Headquarters, expanding shipboard machinery scope.?
November 14, 2025: H1 FY26 Results and Dividend Reported
H1 FY26 revenue of Rs.104 crore, up 30% YoY; reported net profit of Rs.19 crore and declared Rs.0.50 per share interim dividend with record date November 20.?
Order Book Expansion: November-December 2025
Order backlog has crossed Rs.500 crore-mostly from defence PSUs-and closure of trading windows indicates more is in store.
CFF Fluid Control Share Price
| Company Name | Sector | Share Price Link |
| CFF Fluid Control Ltd. | Defence | CFF Fluid Control Share Price |
Conclusion
Since 2012, CFF Fluid Control Ltd. became one of the leading defense suppliers in India from a naval tech startup with BSE SME listing, FPO funds, and more than Rs.500 crores order pipeline from leading PSUs. View real-time CFF Fluid Control Share Price with Enrich Money for charts and trends as demand for the sector shoots up. FY25 gains and Navy deals give promise for enduring strength.?
Frequently Asked Questions
What is the latest CFF fluid control share price?
CFF fluid control share price trades at Rs.610, at the beginning of December 2025, supported by strong inflows of defense orders.?
Where do I get the news updates concerning CFF fluid control share price?
CFF Fluid Control Ltd share price news is available in Enrich Money .
What does CFF Fluid Control share price history show?
The CFF fluid control share price has seen a rise from Rs.165 IPO in 2023 to Rs.680 peak in November 2025 driven by FPO and profitability surges.?
What is CFF fluid control ltd. share price target 2030?
Price target 2030 for CFF fluid control ltd could be Rs.2,500+, assuming 25% CAGR from naval expansions and Rs.1,000 crore order book growth.?
How has the CFF Fluid Control share price performed in 2025?
CFF fluid control share price was up more than 10% YTD in 2025, reaching its peak at Rs. 680 post FPO. This was amid a 36% YoY jump in revenue for FY25 and an interim dividend announcement.
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