C2C Advanced Systems Ltd
C2C Advanced Systems Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #20 of 20 in Aerospace & Defense
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The short version
Company expects turnover around ₹250 crores by 31st March 2026. - Receivables anticipated to be around 270 days, approx. The company expects consistent free cash flow from around 2027 onwards on a month-on-month basis (Page 24-25).
From C2C Advanced Systems Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Company expects turnover around ₹250 crores by 31st March 2026.
- Receivables anticipated to be around 270 days, approx. ₹150-160 crores.
- Domestic defence orders expected to grow from a small base (~₹15 crores currently) to significantly larger volumes.
- Anticipated increase in orders and inquiries from DRDO, Indian Navy, and defence sector.
- Growing proposal pipeline totaling ₹1,144 crores, with potential defence projects worth ~₹2,700 crores.
- Presence as sole vendor in some products (e.g., WECDIS, Vessel Traffic Management System) ensures steady future orders.
- Profit margins expected to remain similar or improve depending on product mix and emergency procurements.
- Employee strength forecasted to grow from ~250 currently to over 350 by year-end.
2 more points from C2C Advanced Systems Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Investments are required for innovation, including developing testing and integration facilities.
- Around 6% of turnover is currently spent on innovation, with plans to increase this.
- Capital needed is not for manufacturing but for systems integration, testing, and technology development.
- Building proprietary IP and development centers in defense, cyber, IIoT, robotics, and research is ongoing; these will take 3-5 years to complete (e.g., a Bangalore center costing ~6.5 crores).
- Investments also target global scaling of system integration capabilities and partnerships with technology startups and global players.
2 more points from C2C Advanced Systems Ltd's call on capex
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Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Current order book (defence + industrial) is healthy; includes about 100 crores on the Indian defence side and around 7 million USD in international security contracts (Page 18).
- Proposals and bids total approximately 1,144 crores, with large potential defence projects close to 2,700 crores (Page 15).
- Indian domestic defence orders in hand are small (~15 crores) but expected to grow significantly in the near future (Page 27).
- Expecting 120 to 160 crores receivables in the next six months (Page 25).
- Repeat and emergency procurement orders are materializing after successful trials (Page 27-28).
2 more points from C2C Advanced Systems Ltd's call on order book
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What C2C Advanced Systems Ltd's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were C2C Advanced Systems Ltd Q2 FY26 results?
Company expects turnover around ₹250 crores by 31st March 2026. - Receivables anticipated to be around 270 days, approx. The company expects consistent free cash flow from around 2027 onwards on a month-on-month basis (Page 24-25).
What is C2C Advanced Systems Ltd share price analysis?
C2C Advanced Systems Ltd currently shows a neutral. The stock trades at a P/E of 23.5 with a market cap of ₹430 Cr. Investors should review the full earnings analysis for detailed insights.
Is C2C Advanced Systems Ltd planning capital expenditure?
Investments are required for innovation, including developing testing and integration facilities.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.