543920
CFF Fluid share price & financials
- Price
- ₹803.45
- Market cap
- ₹2.0k Cr
- Sector
- Capital Goods
What CFF Fluid does
CFF Fluid Control designs, manufactures and services critical component systems and test facilities for Indian Navy surface ships and submarines, having grown since 2012 from a component supplier into a systems integrator. Its offerings span sonar systems, stealth systems, integrated platform management systems (IPMS) and weapon systems, built under technology partnerships with Naval Group (France) and Atlas Elektronik (Germany). The company serves major domestic shipyards and international OEMs, and manufactures out of facilities in Maharashtra.
- Total employees
- 245
- Design/R&D engineers
- 22
- Manufacturing plants
- 2 (Khopoli, Maharashtra – main/registered facility; Pune – weapon systems and sensor production)
- Global technology partners
- Naval Group (France), Atlas Elektronik (Germany)
- Core product/system categories
- Sonar systems, stealth systems, integrated platform management systems (IPMS), weapon systems
- Primary customers
- Indian Navy, domestic shipyards, international OEMs
Quarterly results
Q4 FY26: revenue up 123.4%, net profit up 185.7% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 32 | 59 | 47 | 80 +105% | 66 +106% | 104 +76% | 105 +123% |
| EBITDA | 10 | 8 | 18 | 13 | 23 +130% | 18 +125% | 29 +61% | 30 +131% |
| Net profit | 6 | 4 | 10 | 7 | 14 +133% | 10 +150% | 19 +90% | 20 +186% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +48.8% 1Y
1Y: ₹639.8 on 10 Sept 2025 → ₹952.25. High ₹1,046.1 (25 Aug 2026), low ₹504.15 (16 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹14 Cr | ₹19 Cr | ₹21 Cr | ₹21 Cr |
| Reserves | ₹6 Cr | ₹14 Cr | ₹11 Cr | ₹106 Cr | ₹226 Cr | ₹245 Cr |
| Borrowings | ₹23 Cr | ₹17 Cr | ₹46 Cr | ₹23 Cr | ₹6 Cr | ₹20 Cr |
| Other liabilities | ₹13 Cr | ₹25 Cr | ₹18 Cr | ₹12 Cr | ₹34 Cr | ₹31 Cr |
| Total liabilities | ₹42 Cr | ₹56 Cr | ₹89 Cr | ₹161 Cr | ₹287 Cr | ₹317 Cr |
| Fixed assets | ₹9 Cr | ₹8 Cr | ₹26 Cr | ₹30 Cr | ₹34 Cr | ₹31 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹8 Cr | ₹4 Cr | ₹11 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹33 Cr | ₹48 Cr | ₹62 Cr | ₹122 Cr | ₹250 Cr | ₹276 Cr |
| Total assets | ₹42 Cr | ₹56 Cr | ₹89 Cr | ₹161 Cr | ₹287 Cr | ₹317 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −5.24 pp while the public added +4.74 pp. The shareholder count grew 36% to 5,120.
- Promoters
- 68.1%
- FIIs
- 0.0%
- DIIs
- 0.7%
- Public
- 31.3%
Since Mar 2025
- Promoters −5.24 pp
- Public +4.74 pp
- DIIs +0.52 pp
How it drifted, 7 quarters
Over this window the public went from 25.4% to 31.3% — +5.9 pp.
Ownership split by quarter, oldest first. Jun '23: Promoters 73.3%, DIIs 1.3%, Public 25.4%.Sep '23: Promoters 73.3%, FIIs 0.1%, Public 26.6%.Mar '24: Promoters 73.3%, DIIs 0.1%, Public 26.6%.Sep '24: Promoters 73.3%, DIIs 0.0%, Public 26.7%.Mar '25: Promoters 73.3%, DIIs 0.1%, Public 26.6%.Sep '25: Promoters 68.1%, FIIs 0.0%, DIIs 0.5%, Public 31.4%.Mar '26: Promoters 68.1%, FIIs 0.0%, DIIs 0.7%, Public 31.3%.
Who is on the register
Named in the Mar 2026 filing
Every holder of CFF Fluid above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Sunil Menon | 34.03% | unchanged |
| Gautam Makker | 20.77% | unchanged |
| Sheeila Makker | 8.41% | unchanged |
| Niranjandev Makker | 4.85% | unchanged |
| Tripurari Deal Trade Private Limited | 1.92% | unchanged |
| Vedankit Traders Private Limited | 1.22% | unchanged |
| Sappers Infra Realtors Pvt. Ltd. | 1.12% | unchanged |
| Market Maker Unclassified | 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 20.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse CFF Fluid
Guides on how to read this kind of business and the numbers that matter.