C2C Advanced Systems Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹232 Cr
- P/E
- 12.67
- ROE
- 8.45%
- PEG
- 0.16
- Price to sales
- 1.60
- Debt to equity
- 0.23
- 52W high / low
- ₹691 / ₹137
- Sales growth (5Y)
- 166.67%
- EBITDA margin
- 15.95%
- Net profit margin
- 12.59%
- Promoter holding
- 36.98%
- Sales (last year)
- ₹146 Cr
C2C Advanced System is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India.[1]
Guidance scorecard · Q1 FY27 call
What C2C Advanced Systems Ltd's management guided
and where it ranks in Aerospace & Defense
Aerospace & Defense
RevenueQ1 FY27 call
10–20%- Growth visibility is cautiously optimistic; exact year-year growth comparisons are challenging due to new structuring with US and UAE branch offices shifting revenue recognition.
- The company is bullish on its current position, especially in global markets where margins are higher compared to India (India margins ~25% net; overseas margins much better).
- Large government-to-government deals in Southeast Asia and other international markets are progressing well with high margins.
- Execution and growth for FY27 are to be discussed further at AGM, but clarity expected by September.
- The company is focusing on stabilizing finances and collections in the short term before aggressively scaling growth ambitions.
- Strategy includes focusing on select high-value contracts and turning down less profitable domestic orders.
2 more points from C2C Advanced Systems Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what C2C Advanced Systems Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- The company is focusing on technology- and software-intensive projects, including counter-drone systems, combat management systems, warship electronic chart display systems, and predictive-maintenance platforms.
- They are investing strategically in product development and innovation, though they avoid patenting currently to prevent replication by competitors.
- The firm is channeling promoter funds into the company, converting loans into equity, indicating strategic financial investment rather than capex.
2 more points from C2C Advanced Systems Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what C2C Advanced Systems Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company has disclosed contracts close to ₹100 crores shared with NSE, though specific client names remain confidential due to national security and sovereign client confidentiality.
- A healthy pipeline of qualified opportunities exists across Southeast Asia, Middle East, Europe, and the US.
- There is no formal "order visibility" of ₹1000 crores; rather, large proposals have been submitted but timing and conversion are uncertain.
- Contracts typically involve a sole project with no consortium required, technology/software-intensive with repeatability across locations.
- Orders include counter-drone systems, combat management systems for warships, and electronic chart display info systems, with continuing orders for license sales on Indian Navy ships.
- The company expects contract expansions beyond initial units per contract.
2 more points from C2C Advanced Systems Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Aerospace & Defense companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹5,744 Cr | 216.9 | |
| 2 | 40%+ | Up 0–2% | ₹1,197 Cr | 55.6 | |
| 3 | 40%+ | Flat | ₹17,585 Cr | — | |
| 4 | 40%+ | Flat | ₹15,942 Cr | 131.4 | |
| 5 | 40%+ | Flat | ₹9,001 Cr | 274.4 | |
| 6 | 40%+ | Flat | ₹8,041 Cr | 111.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Aerospace & Defense rankingFinancials of C2C Advanced Systems Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of C2C Advanced Systems Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of C2C Advanced Systems Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 1 | 0 | 8 | 41 | 115 | 138 |
| Expenses + | 1 | 2 | 4 | 23 | 74 | 81 |
| Operating Profit | 0 | -2 | 4 | 18 | 41 | 57 |
| OPM % | 13% | -597% | 48% | 45% | 36% | 41% |
| Other Income + | 0 | 0 | 0 | 0 | 2 | 4 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | -0 | -2 | 3 | 17 | 41 | 57 |
| Tax % | -25% | -1% | 1% | 26% | 30% | |
| Net Profit + | -0 | -2 | 3 | 12 | 29 | 43 |
| EPS in Rs | -2.40 | -47.59 | 19.20 | 10.02 | 17.33 | 25.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of C2C Advanced Systems Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 2 | 12 | 17 | 17 |
| Reserves | 0 | -2 | 1 | 64 | 181 | 205 |
| Borrowings + | 2 | 6 | 10 | 1 | 46 | 48 |
| Other Liabilities + | 5 | 4 | 6 | 8 | 19 | 23 |
| Total Liabilities | 8 | 9 | 18 | 86 | 262 | 293 |
| Fixed Assets + | 1 | 1 | 4 | 4 | 14 | 14 |
| CWIP | 3 | 3 | 0 | 0 | 26 | 26 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 4 | 5 | 15 | 82 | 223 | 253 |
| Total Assets | 8 | 9 | 18 | 86 | 262 | 293 |
Financials of C2C Advanced Systems Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | -4 | -5 | -35 | -115 |
| Cash from Investing Activity + | -3 | -0 | -0 | -1 | -28 |
| Cash from Financing Activity + | 1 | 4 | 5 | 52 | 129 |
| Net Cash Flow | 0 | -0 | -0 | 15 | -14 |
| Free Cash Flow | -1 | -4 | -5 | -35 | -144 |
| CFO/OP | 1,536% | 199% | -125% | -191% | -268% |
Financials of C2C Advanced Systems Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 602 | 1,898 | 408 | 380 | 349 |
| Inventory Days | 487 | 112 | 949 | 248 | 422 |
| Days Payable | 26,645 | 8,198 | 2,752 | 83 | 20 |
| Cash Conversion Cycle | -25,557 | -6,188 | -1,395 | 545 | 751 |
| Working Capital Days | -1,088 | -6,393 | -87 | 495 | 524 |
| ROCE % | -65% | 35% | 39% | 26% |
Guidance history
How C2C Advanced Systems Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | — | Planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What C2C Advanced Systems Ltd's management said in earlier quarters
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