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C2C Advanced share price & results

C2C Advanced· Capital Goods· Industrials

Results to
Mar 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Bangalore-based defence-tech firm building software-driven command-and-control and situational-awareness platforms (MAGI-C4ISR/CIX) for militaries, plus dual-use Industry 4.0 automation systems for factories.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue80.0 ₹ crore+11.1% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin-8.0 %−47.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit-5.0 ₹ crore−126.3% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−12.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-12.72 %+89.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−153.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

0 of 7 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

C2C Advanced management guidance track record on Inve: 17 targets tracked across analysed earnings calls (0 achieved, 7 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
TurnoverWe expect the turnover to be in the range of around 250 crores plus.
Call transcript, Q2 FY26 · 25 Nov 2025		Q2 FY26Q1 FY27:Miss confirmed on the call. H2 FY26 revenue was ₹90 Cr against ₹150 Cr guided, and FY26 India revenue was ₹70 Cr (-38% vs ₹112 Cr in FY25). Management said the ₹90 Cr includes US-branch billing. No FY26 figure approaches ₹250 Cr.
Call transcript, Q1 FY27 · 4 Aug 2026		Missed
Free Cash Flowsomewhere in 2027, we can be consistently... month after month after month, we should have free cash flows.
Call transcript, Q2 FY26 · 25 Nov 2025		Q2 FY26Q1 FY27:The trajectory worsened. Cash was ~₹11 Cr at 30 Jun 2026, borrowings were ₹43 Cr at Mar 2026, and promoter loans rose from ~₹44.5 Cr to ~₹55 Cr. EPF dues were consistently late. Management said receivables cannot be discounted (foreign bills, defence sign-offs).
Call transcript, Q1 FY27 · 4 Aug 2026		At Risk
Receivables Collection (>180 days)We expect to collect a minimum of 80% of the receivables outstanding beyond 180 days by the end of September 2026.Q4 FY26Q1 FY27:Reaffirmed with high confidence. ₹20-25 Cr (₹22.5 Cr) has been collected since March 2026. The >180-day base was not disclosed, so the pace against 80% cannot be verified. Outcome is due in Q2 FY27, and management floated CA-certified statements to evidence progress.
Call transcript, Q1 FY27 · 4 Aug 2026		On Track

Source: Inve Guidance Tracker for C2C Advanced · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

7 of C2C Advanced's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹149.3 +6.72% · +₹9.4

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −78.5% 1Y

₹200₹400₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 25 Nov 2025Q1 FY27 — 4 Aug 2026

1Y: ₹694.8 on 24 Oct 2025 → ₹149.3. High ₹694.8 (24 Oct 2025), low ₹139.9 (26 Oct 2026).

Previous close
₹139.9
Market cap
₹251 Cr
52-week range
₹139.9 – ₹691.05
One year
−78.35%
Price to earnings (FY ending Mar 2026)
13.94×
Return on equity (FY ending Mar 2026)
8.28%

Overview

Symbol
NSE:C2C
Industry
Industrials
Exchange
NSE
Currency
INR

What C2C Advanced does

Based on the company's own presentations, annual report and earnings calls.

C2C Advanced Systems designs and builds proprietary software, hardware and firmware systems for defence and industrial customers, centred on its MAGI-C4ISR and MAGI-CIX architectures that integrate sensors, communications and data for command-and-control and situational awareness. Its Defence Vertical supplies combat management systems, integrated platform management systems, drone/anti-drone command-and-control, electronic-warfare and radar-distribution systems to militaries, navies and security forces in India and abroad. Its Industry 4.0 Vertical adapts the same underlying technology into IIoT integration, digital-twin, control-and-automation and AI/ML analytics offerings for industrial customers. The company earns revenue through bespoke system-integration projects and by licensing its IP-driven platforms.

Segments

  • Defence
  • Industry 4.0
Employees
~250 (targeting 350 by year-end)
Proprietary technology platforms
12-13
Projects delivered
200+
Operating verticals
2 (Defence, Industry 4.0)
Product/solution lines
14 (8 Defence + 6 Industry 4.0)
International project geographies
Malaysia, Indonesia, Philippines, Middle East
Founded 2018Headquarters Bangalore, Karnataka, IndiaEmployees 250 (Q2 FY26) Company website

How the price took the results

close before → close after

Q1 FY27
−2.2%
4 Aug
Q2 FY26
−4.1%
25 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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