---
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: 300
generated_at: "2026-10-15T11:57:26.623Z"
---

# 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:** ₹176.8
- **Change:** -2.6 (-1.45%)
- **Open:** ₹179.3
- **Day High:** ₹182.9
- **Day Low:** ₹175.25
- **Previous Close:** ₹179.4
- **Volume:** 39450
- **As Of:** 2026-10-15T10:01:49+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T15:31:49+05:30.

Observed at 2026-10-15T04:40:31.316067Z.

- **Market Cap:** ₹300 Cr
- **Classification:** SME
- **P/E (TTM):** 31.57
- **EPS (TTM):** ₹5.6
- **Book Value:** ₹139.36
- **Price to Book:** 1.27
- **Dividend Yield:** 0%
- **ROE:** 7.75%
- **ROCE:** 14.77%
- **Debt to Equity:** 0.23
- **Revenue (yearly):** ₹161.7 Cr
- **Net Income:** ₹18.3 Cr
- **EBITDA:** ₹39.2 Cr
- **52-Week High:** ₹714.35
- **52-Week Low:** ₹155
- **RSI (14):** 42.3

## Tapetide Score

- **Score:** 39 / 100
- **Score date:** 2026-10-14
- **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:** 11.9 (of 4490 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 76.32 | 9% |
| growth | 77.1 | 9% |
| momentum | 2.38 | 12% |
| ownership | 50.99 | 24% |
| quality | 26.92 | 22% |
| valuation | 29.62 | 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 | — | 84.42% | 49.11% | -331.49% |
| ebitda margin growth | 930% | -34.86% | -46.01% | -104.05% |
| net income growth | — | -36.46% | 85% | 174% |
| revenue growth | 5.49% | 37.62% | 163% | 167% |

## 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 | 54 |
| Other Liabilities | 5 | 4 | 6 | 8 | 19 | 83 |
| 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 | — | 408 | 380 | 349 | 602 |
| Inventory Days | 487 | — | 949 | 248 | 422 | 304 |
| Days Payable | 26645 | — | 2752 | 83 | 20 | 303 |
| Cash Conversion Cycle | -25557 | — | -1395 | 545 | 751 | 603 |
| Working Capital Days | -1088 | — | -87 | 495 | 524 | 509 |
| ROCE % | — | -65 | 35 | 39 | 26 | 14 |

## 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:** 3 / 6 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 183.23 | Sell |
| EMA (10) | 181.64 | Sell |
| SMA (20) | 185.54 | Sell |
| EMA (20) | 188.67 | Sell |
| SMA (50) | 215.47 | Sell |
| EMA (50) | 222.02 | Sell |
| SMA (100) | 291.51 | Sell |
| EMA (100) | 274.68 | Sell |
| SMA (200) | 353.6 | Sell |
| EMA (200) | 343.16 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.3 | Neutral |
| MACD (12,26,9) | -11.68 | Buy |
| Stochastic (14,3,3) | 40.49 | Neutral |
| ADX (14) | 33.33 | Buy |
| Williams %R (14) | -61.76 | Neutral |
| ATR (14) | 14.17 | High Volatility |
| ROC (12) | 7.33 | Buy |
| Stoch RSI (14) | 75.13 | Neutral |
| UO (7,14,28) | 49.35 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-02 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/C2CAS_02102026173641_C2C_Advanced_Systems_Limited_AGM_held_on_2026.pdf) |
| 2026-09-30 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/C2CAS_30092026223059_9_AGM_Proceedings_C2C_ADV.pdf) |
| 2026-09-28 | [Trading Window](https://nsearchives.nseindia.com/corporate/C2CAS_28092026172735_Intimation_of_closure_of_Trading_Window_C2C_ADV.pdf) |
| 2026-09-18 | [General Updates](https://nsearchives.nseindia.com/corporate/C2CAS_18092026175212_C2C_ADV_Letter_From_CEO_18092026F.pdf) |
| 2026-09-09 | [Corrigendum](https://nsearchives.nseindia.com/corporate/C2CAS_09092026080544_C2C_Corrigendum_Notice_of_AGM_9926.pdf) |
| 2026-09-09 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/C2CAS_09092026143726_C2C_ADV_NEWSPAPER_ADVERTISEMENT_FF9926.pdf) |
| 2026-09-08 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/C2CAS_08092026200725_C2C_ADV_NOTICE_AGM_INTIMATION_.pdf) |
| 2026-09-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/C2CAS_07092026203715_C2c_BM_Outcome_07_09_2026_.pdf) |
| 2026-09-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/C2CAS_07092026210516_internal_auditor_appointment_.pdf) |
| 2026-09-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/C2CAS_07092026210304_Secretarial_auditor_appointment_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://archives.nseindia.com/annual_reports/SME_AR_31945_C2C_2025_2026_A_3304192_08092026201026.pdf) |
| 2025 | [Annual Report 2025](https://archives.nseindia.com/annual_reports/SME_AR_28973_C2C_2024_2025_A_8038242_08092025213118.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240316.pdf) |
| Mar 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240315.pdf) |
| Mar 2014 | [Financial Year 2014](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240314.pdf) |
| Mar 2013 | [Financial Year 2013](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240313.pdf) |
| Mar 2011 | [Financial Year 2011](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240311.pdf) |
| Mar 2010 | [Financial Year 2010](https://www.bseindia.com/bseplus/AnnualReport/523724/5237240310.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2026 | [Concall - Aug 2026](https://nsearchives.nseindia.com/corporate/C2CAS_04082026110256_Transcript-_27th_July_2026_F__1__C2C_ADV.pdf) |
| Jul 2026 | Concall - Jul 2026 |
| Jul 2026 | Concall - Jul 2026 |
| 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) |

---

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 2026-10-15T11:57:26.623Z.