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C2C Advanced Systems Ltd (C2C)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: C2C Defence | Small Cap | C2C Advanced Systems Share Price

BSE Share Price
Not Listed

C2C Advanced Systems Ltd (C2C)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: C2C Defence | Small Cap | C2C Advanced Systems Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹605 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹17
TTM Sales
₹115 Cr.
Book Value per Share
₹116.6
P/E Ratio
20.98
Lower than its 5-year historical median
Industry PE
44.6
Price to Book (P/B)
3.06
Lower than its 5-year historical median
Price to Sales (P/S)
5.26
Lower than its 5-year historical median
EV/EBITDA
14.63
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
21.05%
Outperforms industry median
Return on Capital Employed (ROCE)
27.00%
Outperforms industry median
Return on Assets (ROA)
16.56%
Operating Profit Margin
36%
Net Profit Margin
25.05%
Gross Profit Margin
37.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
180.35%
Operating Profit Growth (1 Year)
-
125.76%
Net Profit Growth (1 Year)
-
134.85%
Asset Quality
Promoter Holding
36.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹200 Cr.
Equity
₹17 Cr.
Face Value
₹10
All Time Low / High
- / -

C2C Advanced Systems stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is C2C Advanced Systems Ltd a good quality company?
C2C Advanced Systems Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does C2C Advanced Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of C2C Advanced Systems Ltd vs industry peers?
C2C Advanced Systems Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 17.94%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of C2C Advanced Systems Ltd?
Promoters hold 36.98% of the C2C Advanced Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of C2C Advanced Systems Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -4.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
C2C Advanced Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -6.4%-68.8%36.5%39.4%27%-
Value Creation
Index
-1.5NA1.61.80.9-

Growth Parameters

Sales 1.10.48.141.1115115
Sales YoY Gr.--67.6%2,200%410.1%180.4%-
Adj EPS -1.1-21.78.79.916.717
YoY Gr.-NANA13.8%68.3%-
BVPS (₹) 8.9-12.47.662.4118.7116.6
Adj Net
Profit
-0.1-2.42.912.227.829
Cash Flow from Ops. 2.1-4.2-4.8-35.3-115-
Debt/CF from Ops. 0.7-1.4-20-0.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA590.3%180.4%
Adj EPS NANANA68.3%
BVPSNANANA90.4%
Share Price - - - -31%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-12.11215.7497.630.820.314.4
Op. Profit
Mgn %
12.5-600.547.844.736NAN
Net Profit
Mgn %
-10.9-686.735.729.624.125.1
Debt to
Equity
1.5-4.23.800.2-
Working Cap
Days
04,6174393604560
Cash Conv.
Cycle
01,420662223380

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales10841115
Operating Expenses + 1242374
Manufacturing Costs00000
Material Costs0001051
Employee Cost 023912
Other Costs 101410
Operating Profit 0-241841
Operating Profit Margin (%) 12.5%-600.0%47.8%44.7%36.0%
Other Income + 00002
Exceptional Items 00000
Interest 00011
Depreciation 00112
Profit Before Tax -0-231741
Tax -0-00412
Profit After Tax -0-231229
PAT Margin (%) -10.9%-686.0%35.7%29.9%25.1%
Adjusted EPS (₹)-1.1-21.78.710.017.3
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of C2C Advanced Systems - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1-1376198
Share Capital 1121217
Reserves 0-2164181
Debt +169038
Long Term Debt00000
Short Term Debt159038
Minority Interest00000
Trade Payables43423
Others Liabilities 123725
Total Liabilities 891886262

Fixed Assets

Net Fixed Assets +114414
Gross Block126717
Accumulated Depreciation11234
CWIP 330026
Investments 00000
Inventories001759
Trade Receivables22943110
Cash Equivalents 000152
Others Assets 2341752
Total Assets 891886262

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2-4-5-35-115
PBT -0-231741
Adjustment 00122
Changes in Working Capital 2-2-9-54-154
Tax Paid -000-0-4
Cash Flow From Investing Activity + -3-0-0-1-28
Capex -00-3-0-3
Net Investments 00000
Others -3-03-1-25
Cash Flow From Financing Activity + 14551129
Net Proceeds from Shares 0016292
Net Proceeds from Borrowing 1-0-000
Interest Paid -0-0-0-1-0
Dividend Paid 00000
Others 044-938
Net Cash Flow 0-0-015-14

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-12.1N/A497.6131.0921.05
ROCE (%)-6.39N/A36.4839.3527
Asset Turnover Ratio0.140.040.590.790.66
PAT to CFO Conversion(x)N/AN/A-1.67-2.92-3.97
Working Capital Days
Receivable Days602.201,889.90245229.70242
Inventory Days27.7064.1030.5034.90103.70
Payable Days09,759.202,456.50112.6017.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

C2C Advanced Systems Ltd FAQs

The current trading price of C2C Advanced Systems on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of C2C Advanced Systems stood at ₹604.9 Cr

The latest P/E ratio of C2C Advanced Systems as of 31-Dec-1969 is 20.98.

The latest P/B ratio of C2C Advanced Systems as of 31-Dec-1969 is 3.06.

The 52-week high of C2C Advanced Systems is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of C2C Advanced Systems is ₹115 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that C2C Advanced Systems Ltd is a below average quality company.

The key valuation ratios of C2C Advanced Systems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of C2C Advanced Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About C2C Advanced Systems Ltd

C2C Advanced Systems Limited was incorporated as ‘C2C - DB Systems Private Limited’, a private limited company, in accordance with the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated February 21, 2018, issued by the RoC, Karnataka at Bengaluru. Subsequently the name of the company was changed to ‘C2C Advanced Systems Private Limited’ pursuant to a special resolution passed by its shareholders in an Extraordinary General Meeting held on April 21, 2022 and a fresh Certificate of Incorporation dated May 12, 2022 was issued by the RoC. Subsequently, the company has been converted to a public limited company, pursuant to a special resolution passed by its shareholders at the Extra Ordinary General Meeting held on September 28, 2023 and the name of the company was changed to ‘C2C Advanced Systems Limited’ and a fresh Certificate of Incorporation dated December 22, 2023 was issued to the company by the RoC, Karnataka at Bengaluru.

C2C Advanced Systems is a vertically integrated Defence electronics solutions provider catering to the indigenously developed defence products industry in India. It at C2C have developed several offerings which cater to the entire spectrum of defence platform both in the air and in the sea. It has design capabilities across the entire spectrum of strategic defence solutions including processors, power, radio frequencies (RF), radars and microwave, embedded software and firmware. Its core competencies include hardware design and development, software design and development, firmware design and development, mechanical design and development, product prototype design and development, functional testing and validation, environment testing and verification and engineering services opportunities. It has end-to-end capabilities to build and deliver complete systems, with its design and manufacturing capabilities being completely in-house. Its key domain expertise includes C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real time data from IIOT and embedded/FPGA designs.

The company specializes in delivering bespoke software, hardware and firmware solutions which are driven by its own Intellectual Property and third-party partners. It has a technology-led focus on design and development of advanced systems and sub-systems. It specializes in delivering customized software and software enabled systems that control mission critical defence applications for military and security apparatus in India and globally.

Its products are based on its intellectual property and are unique to the Indian Defence. Its revenues are derived from the sale of proprietary (its and third party) technologies and services. It is one of the few vertically software integrated defence intelligent platform provider catering to the indigenously developed and global defence technology industry. It develops programs which is used by defence establishments across the world including the Indian Navy for various strategic defence solutions like ensuring combat worthiness, protection of vulnerable and strategic assets across the country and facilitates military commanders and organizational leaders to make decisions, allocate resources, and direct forces effectively.

Business area of the company

The company is engaged in the business of IT enabled services and supplying related equipment.

History and milestones

  • 2018: Incorporation of the company as ‘C2C - DB Systems Private Limited’.
  • 2018: Bagged an Order for implementation of Combat System Integration Support for Marine Crest Technologies SDN, BHD, Malayasia.
  • 2019: Set up the Experience Centre at Bengaluru.
  • 2022: Bagged an Order for Testing and Bug Fixing for OSI Maritime Systems Limited - Canada.
  • 2023: Conversion into a Public Limited Company.

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About MoneyWorks4Me

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