Price
Financials
Standalone, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 43 | 72 | 66 | 80 |
| Expenses | 30 | 44 | 37 | 86 |
| Operating Profit | 14 | 28 | 29 | -6 |
| OPM % | 32% | 39% | 45% | -8% |
| Other Income | 0 | 2 | 2 | 14 |
| Interest | 0 | 1 | 1 | 8 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 13 | 28 | 29 | -2 |
| Tax % | 26% | 32% | 19% | 199% |
| Net Profit | 10 | 19 | 24 | -5 |
| EPS in Rs | 7.94 | 11.48 | 14.22 | -3.14 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 1 | 0 | 8 | 41 | 115 | 146 |
| Expenses | 1 | 2 | 4 | 23 | 74 | 122 |
| Operating Profit | 0 | -2 | 4 | 18 | 41 | 23 |
| OPM % | 13% | -597% | 48% | 45% | 36% | 16% |
| Other Income | 0 | 0 | 0 | 0 | 2 | 16 |
| Interest | 0 | 0 | 0 | 1 | 1 | 9 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | -0 | -2 | 3 | 17 | 41 | 27 |
| Tax % | -25% | -1% | 1% | 26% | 30% | 33% |
| Net Profit | -0 | -2 | 3 | 12 | 29 | 18 |
| EPS in Rs | -2.40 | -47.59 | 19.20 | 10.02 | 17.33 | 10.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 167% | 163% | 27% | ||
| Compounded Profit Growth | % | 174% | 85% | -36% | ||
| Stock Price CAGR | % | % | % | -73% | ||
| Return on Equity | % | % | 15% | 8% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 2 | 12 | 17 | 17 |
| Reserves | 0 | -2 | 1 | 64 | 181 | 220 |
| Borrowings | 2 | 6 | 10 | 1 | 46 | 54 |
| Other Liabilities | 5 | 4 | 6 | 8 | 19 | 83 |
| Total Liabilities | 8 | 9 | 18 | 86 | 262 | 374 |
| Fixed Assets | 1 | 1 | 4 | 4 | 14 | 13 |
| CWIP | 3 | 3 | 0 | 0 | 26 | 27 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 5 | 15 | 82 | 223 | 334 |
| Total Assets | 8 | 9 | 18 | 86 | 262 | 374 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | -4 | -5 | -35 | -115 | -18 |
| Cash from Investing Activity | -3 | -0 | -0 | -1 | -28 | -2 |
| Cash from Financing Activity | 1 | 4 | 5 | 52 | 129 | 20 |
| Net Cash Flow | 0 | -0 | -0 | 15 | -14 | -1 |
| Free Cash Flow | -1 | -4 | -5 | -35 | -144 | -20 |
| CFO/OP | 1,536% | 199% | -125% | -191% | -268% | -30% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 602 | 1,898 | 408 | 380 | 349 | 602 |
| Inventory Days | 487 | 112 | 949 | 248 | 422 | 304 |
| Days Payable | 26,645 | 8,198 | 2,752 | 83 | 20 | 303 |
| Cash Conversion Cycle | -25,557 | -6,188 | -1,395 | 545 | 751 | 603 |
| Working Capital Days | -1,088 | -6,393 | -87 | 495 | 524 | 509 |
| ROCE % | -65% | 35% | 39% | 26% | 14% |
| Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 40.73% | 41.35% | 41.29% | 36.98% |
| FIIs | 4.38% | 2.00% | 1.94% | 3.18% |
| DIIs | 9.49% | 3.73% | 1.87% | 0.10% |
| Public | 45.40% | 52.92% | 54.90% | 59.75% |
| No. of Shareholders | 3,790 | 2,646 | 2,566 | 5,204 |
Fundamentals
Market Cap₹ 330 Cr.
Current Price₹ 195
Stock P/E18.0
Book Value₹ 139
ROCE13.5 %
ROE8.45 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)27%
Compounded Profit Growth (TTM)-36%
Standalone figures.
Valuation
Market capRs 321 Cr
Enterprise valueRs 327 Cr
Price to book-234.28x
Price to sales917.02x
EV / sales934.39x
Earnings yield-0.74%
Profitability
Operating margin (excl. other income)-597.14%
Operating margin (incl. other income)-597.14%
EBITDA margin-597.14%
Pre-tax margin-685.71%
Net profit margin-680.00%
ROE1190.00%
ROCE-64.82%
ROA-28.17%
ROIC (approx.)-49.27%
Tax rate0.83%
Growth
Sales growth (latest year)-67.59%
Per share
EPS (TTM)Rs -1.40
EPS (latest year)Rs -47.59
Book value per shareRs -0.81
Sales per shareRs 0.21
Cash flow per shareRs -2.45
Free cash flow per shareRs -11.79
Efficiency
Asset turnover0.04x
Fixed asset turnover0.33x
Inventory turnover5.00x
Inventory days73 days
Debtor days1898 days
Debtors turnover0.19x
Creditor days303 days
Cash conversion cycle603 days
Working capital days509 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity-4.47x
Interest coverage-39.00x
Owners' fund to total sources-15.17%
Debt to assets67.77%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -20 Cr
FCFE (approx.: FCF + change in debt)Rs -15 Cr
Cash from ops / profit, 5 years-2.95x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
EBITDA (TTM)Rs -2 Cr
PBDT (TTM)Rs -2 Cr
Profit before tax (TTM)Rs -2 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs -2 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 0 Cr
ReservesRs -2 Cr
Shareholders' fundsRs -1 Cr
Total assetsRs 9 Cr
Net blockRs 1 Cr
Capital work in progressRs 3 Cr
ReceivablesRs 2 Cr
InventoryRs 0 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.70
Ownership
Promoter holding36.98%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | C2C | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +9.1% | -2.8% | +11.9 pts |
| 1 month | -17.4% | -6.8% | -10.6 pts |
| 3 months | -53.3% | -7.6% | -45.7 pts |
| 6 months | -48.0% | +0.4% | -48.4 pts |
| 1 year | -75.0% | -9.9% | -65.0 pts |
Red flags
F-score 1 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | High accruals Profit exceeded operating cash by 20% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 2% vs sales -68% in 2026 |
| explain | Debt up, profit down Borrowings up 308% while net profit fell in 2026 |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 3 monthsHigh low price variation greater than 300perc in previous 365 DaysHigh low price variation greater than 75perc in previous 3 monthsSME scrip is not regularly traded
Quick answers
What is the market cap of C2C Advanced Systems Ltd?
C2C Advanced Systems Ltd (C2C) has a market capitalisation of Rs 330 Cr. at the 2026-10-01 close.
What is the P/E ratio of C2C Advanced Systems Ltd?
C2C Advanced Systems Ltd trades at a P/E of 18.0 on trailing twelve-month profit, at the 2026-10-01 close.
What is the 52-week high and low of C2C Advanced Systems Ltd?
The 52-week high is Rs 746.00 and the 52-week low is Rs 155.00.