---
title: "C2C Advanced Systems Ltd (C2C) — Share Price, Financials & Analysis"
symbol: "C2C"
company: "C2C Advanced Systems Ltd"
canonical: "https://tapetide.com/stocks/C2C"
isin: "INE0U7V01015"
nse_symbol: "C2C"
sector: "Aerospace & Defense"
industry: "Engineering"
market_cap_cr: 360.41
generated_at: "2026-09-13T20:36:13.584Z"
---

# C2C Advanced Systems Ltd (C2C)

Canonical page: https://tapetide.com/stocks/C2C

## Company

- **NSE Symbol:** C2C
- **ISIN:** INE0U7V01015
- **Sector:** Aerospace & Defense
- **Industry:** Engineering
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-12-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** c2c-as.com

## About

C2C Advanced System is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India.[1]

## Latest Price

- **Price:** ₹212.15
- **Change:** -1 (-0.47%)
- **Open:** ₹214.8
- **Day High:** ₹214.8
- **Day Low:** ₹206.35
- **Previous Close:** ₹213.15
- **Volume:** 66150
- **As Of:** 2026-09-11T10:01:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:12.419883Z.

- **Market Cap:** ₹360.41 Cr
- **Classification:** SME
- **P/E (reported):** 19.7
- **Book Value:** ₹139.36
- **Price to Book:** 1.53
- **Dividend Yield:** 0%
- **ROE:** 14.6%
- **ROCE:** 20.21%
- **Debt to Equity:** 0.23
- **Revenue (yearly):** ₹145.64 Cr
- **Net Income:** ₹16.3 Cr
- **EBITDA:** ₹23.21 Cr
- **52-Week High:** ₹814
- **52-Week Low:** ₹204.5
- **RSI (14):** 33.26

## Tapetide Score

- **Score:** 39 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 12 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 77.76 | 9% |
| growth | 77.1 | 9% |
| momentum | 6.96 | 12% |
| ownership | 50.99 | 24% |
| quality | 25.11 | 22% |
| valuation | 27 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 174% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.31%
- Promoter holding is low: 37.0%
- Earnings include an other income of Rs.16.0 Cr.
- Company has high debtors of 602 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -226.74% | — | — |
| ebitda margin growth | 930% | -61.46% | -68.05% | -102.4% |
| net income growth | — | -43.4% | 85% | 174% |
| revenue growth | 5.49% | 23.95% | 163% | 167% |
| roce | — | -10.81% | -81.71% | 69.08% |
| roe | — | -9.09% | 48.23% | -220.66% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 43 | 72 | 66 | 80 |
| Expenses | 30 | 44 | 37 | 86 |
| Operating Profit | 14 | 28 | 29 | -6 |
| OPM % | 32 | 39 | 45 | -8 |
| Other Income | 0 | 2 | 2 | 14 |
| Interest | 0 | 1 | 1 | 8 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 13 | 28 | 29 | -2 |
| Tax % | 26 | 32 | 19 | 199 |
| Net Profit | 10 | 19 | 24 | -5 |
| EPS in Rs | 7.94 | 11.48 | 14.22 | -3.14 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 1 | 0 | 8 | 41 | 115 | 146 |
| Expenses | 1 | 2 | 4 | 23 | 74 | 122 |
| Operating Profit | 0 | -2 | 4 | 18 | 41 | 23 |
| OPM % | 13 | -597 | 48 | 45 | 36 | 16 |
| Other Income | 0 | 0 | 0 | 0 | 2 | 16 |
| Interest | 0 | 0 | 0 | 1 | 1 | 9 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | 0 | -2 | 3 | 17 | 41 | 27 |
| Tax % | -25 | -1 | 1 | 26 | 30 | 33 |
| Net Profit | 0 | -2 | 3 | 12 | 29 | 18 |
| EPS in Rs | -2.4 | -47.59 | 19.2 | 10.02 | 17.33 | 10.8 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.5 | 0.5 | 2 | 12 | 17 | 17 |
| Reserves | 0 | -2 | 1 | 64 | 181 | 220 |
| Borrowings | 2 | 6 | 10 | 1 | 46 | 55 |
| Other Liabilities | 5 | 4 | 6 | 8 | 19 | 82 |
| Total Liabilities | 8 | 9 | 18 | 86 | 262 | 374 |
| Fixed Assets | 1 | 1 | 4 | 4 | 14 | 13 |
| CWIP | 3 | 3 | 0 | 0 | 26 | 27 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 5 | 15 | 82 | 223 | 334 |
| Total Assets | 8 | 9 | 18 | 86 | 262 | 374 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | -4 | -5 | -35 | -115 | -18 |
| Cash from Investing Activity | -3 | 0 | 0 | -1 | -28 | -2 |
| Cash from Financing Activity | 1 | 4 | 5 | 52 | 129 | 20 |
| Net Cash Flow | 0 | 0 | 0 | 15 | -14 | -1 |
| Free Cash Flow | -1 | -4 | -5 | -35 | -144 | -20 |
| CFO/OP | 1536 | 199 | -125 | -191 | -268 | -30 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 602 | 1898 | 408 | 380 | 349 | 602 |
| Inventory Days | 487 | 112 | 949 | 248 | 422 | 304 |
| Days Payable | 26645 | 8198 | 2752 | 83 | 20 | 303 |
| Cash Conversion Cycle | -25557 | -6188 | -1395 | 545 | 751 | 603 |
| Working Capital Days | -1088 | -6393 | -87 | 495 | 524 | 509 |
| ROCE % | — | -65 | 35 | 39 | 26 | 13 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 40.73% | 41.35% | 41.29% | 36.98% |
| FIIs | 4.38% | 2% | 1.94% | 3.18% |
| DIIs | 0.22% | 0.07% | 0.06% | 0.1% |
| Government | 0% | 0% | 0% | 0% |
| Public | 37.25% | 41.02% | 43.09% | 45.92% |
| Others | 17.42% | 15.55% | 13.61% | 13.83% |
| No. of Shareholders | 3790 | 2646 | 2566 | 5204 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 3 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 220.89 | Sell |
| EMA (10) | 219.58 | Sell |
| SMA (20) | 225.77 | Sell |
| EMA (20) | 230.1 | Sell |
| SMA (50) | 278.8 | Sell |
| EMA (50) | 270.93 | Sell |
| SMA (100) | 347.72 | Sell |
| EMA (100) | 321.34 | Sell |
| SMA (200) | 389.58 | Sell |
| EMA (200) | 379.53 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.87 | Neutral |
| MACD (12,26,9) | -16.69 | Buy |
| Stochastic (14,3,3) | 12.72 | Buy |
| ADX (14) | 40.03 | Buy |
| Williams %R (14) | -83.71 | Buy |
| ATR (14) | 13.06 | High Volatility |
| ROC (12) | -6.87 | Sell |
| Stoch RSI (14) | 19.31 | Buy |
| UO (7,14,28) | 36.88 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Company published AGM notice and e-voting cutoff date in Financial Express and Vishwavani on September 9, 2026. | [Copy of Newspaper Publication 9 Sep - Company published AGM notice and e-voting cutoff date in Financial Express and Vishwavani on September 9, 2026.](https://nsearchives.nseindia.com/corporate/C2CAS_09092026143726_C2C_ADV_NEWSPAPER_ADVERTISEMENT_FF9926.pdf) |
| 9 Sep - AGM notice corrigendum corrects 9th AGM date to 30 September 2026; all other details unchanged. | [Corrigendum 9 Sep - AGM notice corrigendum corrects 9th AGM date to 30 September 2026; all other details unchanged.](https://nsearchives.nseindia.com/corporate/C2CAS_09092026080544_C2C_Corrigendum_Notice_of_AGM_9926.pdf) |
| 9 May 2026 - EGM on 7 May 2026 approved material related party transaction for FY 2026-27. | [Shareholders meeting 9 May 2026 - EGM on 7 May 2026 approved material related party transaction for FY 2026-27.](https://nsearchives.nseindia.com/corporate/C2CAS_09052026150708_C2C_Advanced_Srutinizers_report_of_EGM_held_on_May_07_2026.pdf) |
| 8 Sep - 9th AGM on 30 Sep 2026; seeks approval for 120 crore related party transactions and director/auditor appointments. | [Shareholders meeting 8 Sep - 9th AGM on 30 Sep 2026; seeks approval for 120 crore related party transactions and director/auditor appointments.](https://nsearchives.nseindia.com/corporate/C2CAS_08092026200725_C2C_ADV_NOTICE_AGM_INTIMATION_.pdf) |
| 7 Sep - C2C Advanced Systems appoints Narasimhan & Srinivasan as statutory auditor for FY2026-27 until AGM 2031. | [Appointment 7 Sep - C2C Advanced Systems appoints Narasimhan & Srinivasan as statutory auditor for FY2026-27 until AGM 2031.](https://nsearchives.nseindia.com/corporate/C2CAS_07092026205903_Stat_auditor_appointment_.pdf) |
| 7 Sep - C2C Advanced Systems appointed S. Khandelwal & Co. as Secretarial Auditor for FY 2026-27. | [Outcome of Board Meeting 7 Sep - C2C Advanced Systems appointed S. Khandelwal & Co. as Secretarial Auditor for FY 2026-27.](https://nsearchives.nseindia.com/corporate/C2CAS_07092026210304_Secretarial_auditor_appointment_.pdf) |
| 7 Sep - Board approved auditor appointments, AGM notice for September 30, 2026, and withdrew warrant fundraising agenda. | [Outcome of Board Meeting 7 Sep - Board approved auditor appointments, AGM notice for September 30, 2026, and withdrew warrant fundraising agenda.](https://nsearchives.nseindia.com/corporate/C2CAS_07092026203715_C2c_BM_Outcome_07_09_2026_.pdf) |
| 7 Sep - Board appointed M/s R Seetharaman & Associates for FY 2026-27 on September 7, 2026. | [Outcome of Board Meeting 7 Sep - Board appointed M/s R Seetharaman & Associates for FY 2026-27 on September 7, 2026.](https://nsearchives.nseindia.com/corporate/C2CAS_07092026210516_internal_auditor_appointment_.pdf) |
| 7 May 2026 - C2C Advanced Systems held EGM on 07 May 2026, approving material related party transactions for FY2026-27. | [Shareholders meeting 7 May 2026 - C2C Advanced Systems held EGM on 07 May 2026, approving material related party transactions for FY2026-27.](https://nsearchives.nseindia.com/corporate/C2CAS_07052026180848_EGM_PROCEEDINGS_7-5-26_V1.pdf) |
| 7 July 2026 - Board approved borrowing authority up to Rs 60 crore on July 7, 2026. | [Outcome of Board Meeting 7 July 2026 - Board approved borrowing authority up to Rs 60 crore on July 7, 2026.](https://nsearchives.nseindia.com/corporate/C2CAS_07072026161150_Outcome_of_Board_meeting_.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/C2CAS_20112025210012_C2C_ADV_Final_Nov_2025_Presentations_.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/C2CAS_25112025144548_Transcript_20_Nov_2025_F.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31945_C2C_2025_2026_A_3304192_08092026201026.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28973_C2C_2024_2025_A_8038242_08092025213118.pdf) |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_VIJSHAN_2009_2010_09092010120000.zip) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240315.pdf) |
| from bse | [Financial Year 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240314.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240313.pdf) |
| from bse | [Financial Year 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240311.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:36:13.584Z.