Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹315 Cr.
Stock P/E
10.9
P/B
1.5
Current Price
₹189.2
Book Value
₹ 127.7
Face Value
10
52W High
₹714.4
52W Low
₹ 155
Dividend Yield
—

C2C Advanced Systems Overview

Business

C2C Advanced Systems Ltd. operates in the Defence sector in India. As a defence company, its core business model likely involves the research, development, manufacturing, and supply of products, systems, and services for military and national security applications. This could encompass a wide range of offerings such as electronic warfare systems, communication equipment, surveillance systems, weapon platforms, components for aerospace or naval platforms, cybersecurity solutions, or MRO (Maintenance, Repair, and Overhaul) services. The company primarily generates revenue through Business-to-Government (B2G) contracts, selling to the Indian Ministry of Defence, various branches of the armed forces, and possibly other defence public sector undertakings.

Revenue Mix

Specific details regarding C2C Advanced Systems Ltd.'s key business segments and their individual revenue contributions are not available. In the broader defence industry, companies often categorize their operations into segments such as Aerospace & Aviation, Land Systems, Naval Systems, C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), and Defence Electronics. Without specific data, it's not possible to break down C2C's mix.

Industry

The Indian defence industry is characterized by significant government control, driven by the Ministry of Defence's procurement policies and the "Make in India" initiative aimed at achieving self-reliance (Atmanirbhar Bharat). It's a highly regulated industry with a mix of large public sector undertakings (PSUs), established private players, and an increasing number of specialized MSMEs. Demand is primarily government-led, often involving long procurement cycles. Without further information on C2C Advanced Systems Ltd.'s scale, market share, or specific product lines, its precise positioning relative to peers (e.g., a niche player, a component supplier, a system integrator, or a competitor to larger entities) cannot be determined.

MOAT

For a company in the Indian defence sector, potential competitive advantages often stem from:

High Switching Costs: Once a defence system is integrated into military operations, the cost and complexity of switching to an alternative supplier can be very high.

Regulatory Barriers & Approvals: The stringent requirements for R&D, testing, certification, and government approvals create significant barriers to entry for new competitors.

Intellectual Property & Technology: Proprietary technology, specialized R&D capabilities, and patents for critical defence components or systems.

Relationships & Trust: Long-standing relationships and proven track record with the Indian armed forces and Ministry of Defence.

Economies of Scale/Scope: For larger players, the ability to undertake complex projects or offer a wide range of interconnected solutions.

For C2C Advanced Systems Ltd., the existence and strength of these moats would depend on its specific technological prowess, success in securing and executing critical contracts, and its relationships within the defence ecosystem.

Growth Drivers

Key factors that could drive growth for C2C Advanced Systems Ltd. over the next 3-5 years include:

Increased Defence Budget & Modernization: India's sustained increase in defence spending and ongoing modernization programs for its armed forces.

"Make in India" & Indigenization Push: Government policy focus on domestic procurement and local manufacturing, reducing reliance on imports.

Geopolitical Tensions: Continued regional geopolitical complexities necessitating enhanced defence capabilities and readiness.

Technological Upgrades: Demand for advanced technologies in areas like electronic warfare, cybersecurity, drones, and surveillance systems.

Defence Exports: Potential for growth through exports to friendly nations, although this is usually a secondary driver for Indian defence companies.

Risks

Key business risks for C2C Advanced Systems Ltd. include:

Long & Unpredictable Procurement Cycles: Government defence contracts often have lengthy bidding, approval, and execution periods, leading to revenue volatility.

Policy & Regulatory Changes: Shifts in defence procurement policies, import/export regulations, or indigenization mandates can impact business prospects.

Intense Competition: Competition from established public sector undertakings, large domestic private players, and global OEMs (Original Equipment Manufacturers).

Technological Obsolescence: Rapid advancements in military technology require continuous R&D investment to remain competitive.

High Dependence on Government: The Indian government being the primary customer exposes the company to concentration risk.

Budgetary Constraints: Potential for unexpected cuts or reallocation in the national defence budget.

Execution Risk: Challenges in project management, quality control, and timely delivery of complex defence systems.

Management & Ownership

C2C Advanced Systems Ltd., being an Indian company, likely has a significant portion of its ownership held by its "promoters" (founding shareholders). The management quality would depend on the experience, strategic vision, and operational execution capabilities of its leadership team in navigating the complexities of the defence sector. Without specific information on key management personnel or ownership structure percentages, a detailed assessment is not possible. However, the success in a sensitive sector like defence often hinges on strong technical expertise and robust ethical governance.

Outlook

The outlook for C2C Advanced Systems Ltd. is shaped by the dynamics of the Indian defence sector. The "Make in India" drive, coupled with India's substantial defence budget and strategic need for modernization, presents a strong growth runway for domestic players. If C2C can successfully develop and deliver critical indigenous technologies and secure long-term contracts, it stands to benefit significantly. However, the industry is also highly competitive, characterized by lengthy procurement processes, demanding regulatory compliance, and intense technological evolution. The company will need to demonstrate strong R&D capabilities, efficient project execution, and robust cost management to compete effectively against larger, more established players and manage the inherent risks of a primarily government-dependent business. Its future trajectory will largely depend on its ability to carve out a niche or scale its operations within this strategic and challenging environment.

C2C Advanced Systems Share Price

Live · NSE · Inception: 2018
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

C2C Advanced Systems Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

C2C Advanced Systems Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1 0 8 41 115
Other Income 0 0 0 0 2
Total Income 1 0 8 41 117
Total Expenditure 1 2 4 23 74
Operating Profit 0 -2 4 19 44
Interest 0 0 0 1 1
Depreciation 0 0 1 1 2
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -0 -2 3 17 41
Provision for Tax -0 -0 0 4 12
Profit After Tax -0 -2 3 12 29
Adjustments 0 0 0 0 0
Profit After Adjustments -0 -2 3 12 29
Adjusted Earnings Per Share -1.1 -21.7 8.7 10 17.3

C2C Advanced Systems Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 -1 3 76 198
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 10
Total Current Liabilities 7 10 16 9 54
Total Liabilities 8 9 18 86 262
Fixed Assets 1 1 4 4 14
Other Non-Current Assets 4 4 1 2 27
Total Current Assets 3 4 14 80 221
Total Assets 8 9 18 86 262

C2C Advanced Systems Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 15
Cash Flow from Operating Activities 2 -4 -5 -35 -115
Cash Flow from Investing Activities -3 -0 -0 -1 -28
Cash Flow from Financing Activities 1 4 5 51 129
Net Cash Inflow / Outflow 0 -0 -0 15 -14
Closing Cash & Cash Equivalent 0 0 0 15 2

C2C Advanced Systems Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.07 -21.65 8.71 10.02 17.33
CEPS(Rs) 1.63 -19.37 11.37 10.98 18.37
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 8.85 -12.41 7.64 62.38 118.74
Core EBITDA Margin(%) 12.5 -600.46 47.8 44.72 36.01
EBIT Margin(%) -14.66 -672.67 37.13 42.42 36.55
Pre Tax Margin(%) -14.87 -691.27 36.14 40.42 35.72
PAT Margin (%) -10.94 -686.68 35.72 29.9 25.05
Cash Profit Margin (%) 16.64 -614.18 46.62 32.78 26.55
ROA(%) -1.51 -28.42 20.98 23.55 16.56
ROE(%) -12.1 0 497.61 31.09 21.05
ROCE(%) -6.39 -68.77 36.48 39.35 27
Receivable days 602.21 1889.92 245.02 229.73 242.02
Inventory Days 27.73 64.08 30.47 34.91 103.65
Payable days 0 9759.2 2456.52 112.64 17.6
PER(x) 0 0 0 0 18.23
Price/Book(x) 0 0 0 0 2.66
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 1.76 17.71 1.37 -0.08 4.88
EV/Core EBITDA(x) 13.61 -2.95 2.86 -0.17 12.83
Net Sales Growth(%) 0 -67.78 2220.18 410.13 180.36
EBIT Growth(%) 0 -1377.83 228.05 482.91 141.52
PAT Growth(%) 0 -1922.16 220.7 326.99 134.91
EPS Growth(%) 0 -1922.16 140.24 14.96 73.03
Debt/Equity(x) 1.54 -4.16 3.79 0 0.19
Current Ratio(x) 0.53 0.4 0.88 8.8 4.07
Quick Ratio(x) 0.51 0.4 0.8 8.08 2.99
Interest Cover(x) -71.77 -36.18 37.63 21.19 44.46
Total Debt/Mcap(x) 0 0 0 0 0.07

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +180% — — —
Operating Profit CAGR +132% — — —
PAT CAGR +142% — — —
Share Price CAGR -72% — — —
ROE Average +21% +183% +108% +108%
ROCE Average +27% +34% +6% +6%

C2C Advanced Systems Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 36.98 %
FII 3.18 %
DII (MF + Insurance) 0.1 %
Public (retail) 59.75 %
# Mar 2025 Sep 2025 Mar 2026
Promoter 41.3541.2936.98
FII 21.943.18
DII 3.731.870.1
Public 52.9254.959.75
Others 000
Total 100100100

C2C Advanced Systems Peer Comparison

Aerospace & Defense Edit Columns

C2C Advanced Systems Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

C2C Advanced Systems Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 183%
  • Debtor days have improved from 112.64 to 17.6days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 36.98%.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp