BSE: 0 | NSE: C2C | Defence |
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 Overvalued 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -6.4% | -68.8% | 36.5% | 39.4% | - |
| Value Creation Index ⓘ | -1.5 | NA | 1.6 | 1.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 1.1 | 0.4 | 8.1 | 41.1 | 41 |
| Sales YoY Gr. | - | -67.6% | 2,200% | 410.1% | - |
| Adj EPS ⓘ | -1.1 | -21.7 | 8.7 | 9.9 | 7.4 |
| YoY Gr. | - | NA | NA | 13.8% | - |
| BVPS (₹) ⓘ | 8.9 | -12.4 | 7.6 | 62.4 | 105.5 |
| Adj Net Profit ⓘ | -0.1 | -2.4 | 2.9 | 12.2 | 12 |
| Cash Flow from Ops. ⓘ | 2.1 | -4.2 | -4.8 | -35.3 | - |
| Debt/CF from Ops. ⓘ | 0.7 | -1.4 | -2 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 236.3% | 410.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | 13.8% | ||||
| BVPSⓘ | NA | NA | 91.7% | 716.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -12.1 | 1215.7 | 497.6 | 30.8 | 8.8 |
| Op. Profit Mgn % ⓘ | 12.5 | -600.5 | 47.8 | 44.7 | NAN |
| Net Profit Mgn % ⓘ | -10.9 | -686.7 | 35.7 | 29.6 | 29.9 |
| Debt to Equity ⓘ | 1.5 | -4.2 | 3.8 | 0 | - |
| Working Cap Days ⓘ | 0 | 4,617 | 439 | 360 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 1,420 | 66 | 222 | 0 |
Sales growth is growing at healthy rate in last 3 years 236.25%
Return on Equity has declined versus last 3 years average to 8.80%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.4 | - |
| TTM Sales (₹ Cr.) | 41.1 | - |
| BVPS (₹.) ⓘ | 105.5 | - |
| Reserves (₹ Cr.) ⓘ | 159 | - |
| P/BV ⓘ | 7.68 | - |
| PE ⓘ | 109.87 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,349 |
| Equity (₹ Cr.) | 16.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.8 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 1 | 0 | 8 | 41 |
| Operating Expenses ⓘ | 1 | 2 | 4 | 23 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 10 |
| Employee Cost | 0 | 2 | 3 | 9 |
| Other Costs ⓘ | 1 | 0 | 1 | 4 |
| Operating Profit ⓘ | 0 | -2 | 4 | 18 |
| Operating Profit Margin (%) | 12.5% | -600.0% | 47.8% | 44.7% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | -2 | 3 | 17 |
| Tax ⓘ | 0 | 0 | 0 | 4 |
| Profit After Tax | 0 | -2 | 3 | 12 |
| PAT Margin (%) | -10.9% | -686.0% | 35.7% | 29.9% |
| Adjusted EPS (₹) | -1.1 | -21.7 | 8.7 | 10.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | -1 | 3 | 76 | ||||||
| Share Capital ⓘ | 1 | 1 | 2 | 12 | ||||||
| Reserves ⓘ | 0 | -2 | 1 | 64 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 6 | 9 | 0 | ||||||
| Long Term Debt | 0 | 0 | 0 | 0 | ||||||
| Short Term Debt | 1 | 5 | 9 | 0 | ||||||
| Trade Payables | 4 | 3 | 4 | 2 | ||||||
| Others Liabilities ⓘ | 1 | 2 | 3 | 7 | ||||||
| Total Liabilities ⓘ | 8 | 9 | 18 | 86 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 1 | 2 | 6 | 7 | ||||||
| Accumulated Depreciation | 1 | 1 | 2 | 3 | ||||||
| Net Fixed Assetsⓘ | 1 | 1 | 4 | 4 | ||||||
| CWIP ⓘ | 3 | 3 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 0 | 1 | 7 | ||||||
| Trade Receivables | 2 | 2 | 9 | 43 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 15 | ||||||
| Others Assetsⓘ | 2 | 3 | 4 | 17 | ||||||
| Total Assets ⓘ | 8 | 9 | 18 | 86 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | -4 | -5 | -35 |
| PBT ⓘ | 0 | -2 | 3 | 17 |
| Adjustment ⓘ | 0 | 0 | 1 | 2 |
| Changes in Working Capital ⓘ | 2 | -2 | -9 | -54 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -3 | 0 | 0 | -1 |
| Capex | 0 | 0 | -3 | 0 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | -3 | 0 | 3 | -1 |
| Cash Flow From Financing Activityⓘ | 1 | 4 | 5 | 51 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 62 |
| Net Proceeds from Borrowing ⓘ | 1 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 4 | 4 | -9 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 15 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -12.1 | N/A | 497.61 | 31.09 | ||||||
| ROCE (%) | -6.39 | N/A | 36.48 | 39.35 | ||||||
| Asset Turnover Ratio | 0.14 | 0.04 | 0.59 | 0.79 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | -1.67 | -2.92 | Working Capital Days | |||||
| Receivable Days | 602 | 1,890 | 245 | 230 | ||||||
| Inventory Days | 28 | 64 | 30 | 35 | ||||||
| Payable Days | 0 | 9,759 | 2,457 | 113 | ||||||
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
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