Synopsis: Bengaluru-based defence tech player C2C Advanced Systems Limited has bagged a large domestic order of over ₹80 crore from a leading Indian defence and aerospace company. The agreement calls for the supply, integration, and live field validation of 30 advanced counter-drone system sub-units, establishing a critical reference model for the company’s proprietary military architecture in both domestic and international markets.
This contract is part of a wider defence programme and reflects growing confidence in the company’s capabilities and a more strategic relationship with its customer. C2C Advanced Systems will deliver and integrate 30 counter-drone system subunits, including tracking, detection, jammers and spoofers.
On March 23, 2026, C2C began a counter-UAS programme with the same defence major. This contract is the crucial final phase. The initial phase established the core command, control, and computing layer, but this massive follow-on order provides the hardware peripherals – the eyes and weapons – needed to turn raw software into a deployable, combat-ready defence stack.
C2C Advanced Systems Ltd is currently trading at Rs 422.6. The stock opened at Rs 359.5 and has seen a high and low of Rs 422.6 and Rs 359.5 respectively. The current market capitalisation of the company is Rs 717 crore with a price-to-earnings ratio of 16.8 times, well below the industry median of 62.49 times.
Deal Architecture, Technology, and Cash Flow Mechanic
The SEBI (LODR) Regulations, 2015, Regulation 30 regulatory disclosure outlines a comprehensive tech integration and delivery schedule, which will be completed by the calendar year 2026.
The technical and financial breakdown of the order includes
- Hardware Architecture: C2C will provide 30 high-end sensor and effector subunits. This includes electro-optical trackers, detectors, jammers, and spoofers that intercept and neutralise rogue UAS.
- Working Capital Optimisation: The contract’s financial structure protects the company’s cash flow. C2C received a 30% upfront cash advance upon contract award, with the remaining 70% due three months after delivery and live operational field-proving tests.
The Bigger Picture: Counter-Drone Market Opportunity
The global market for counter-drone systems is driven by the growing use of drones for surveillance and warfare and the increasing security threats at borders and sensitive locations.
C2C’s system is designed to incorporate multiple sensors, including different defence tools, and to provide real-time responses. “The system is flexible and therefore suitable for large-scale deployment by defence and security agencies.
Recent Half-Yearly Results
The company has published results as of financial year 2025, and as per the provided information, C2C Advanced Systems Ltd’s revenue has increased from Rs 43 crore in H1 FY24 to Rs 66 crore in FY25, with a robust increase of 53.48 percent, likewise the net profit of the company showed a massive increase by 140 percent, from Rs 10 crore in H1FY24 to Rs. 24 crore in H1FY25. C2C Advanced Systems Ltd’s revenue and net profit have grown at a CAGR of 590 percent and 142 percent, respectively, over the last 3 years.
In terms of return ratios, the company’s ROCE and ROE stand at 26.2 percent and 21.0 percent, respectively. The company has an earnings per share (EPS) of Rs. 14.22 as of H1FY25, and its debt-to-equity ratio is very low at 0.22 times.
The Global Export Pipeline: Leveraging India’s Reference Deployment
- The Blueprint Strategy: Working with a leading domestic defence organisation to deploy a fully unified Counter-UAS stack (detection, identification, decision-making, and coordinated response) gives C2C a valuable live reference.
- International Proposals: Management says the company is actively pursuing proposals with defence agencies and global system integrators in both domestic and international markets. For a major Indian defence enterprise to unlock export pipelines and scale its global market share, a fully operational, field-proven turnkey system is the ultimate validation tool.
C2C Advanced Systems Limited is a Bengaluru-based company that develops high-reliability software and tactical systems for the military. The company is leveraging its MAGI-C4ISR architecture to create sensor- and effector-agnostic integration frameworks that enable real-time data fusion and automated decision-making in complex threat environments.
C2C delivers end-to-end combat stacks from critical command layers through to full electronic warfare integrations to leading domestic aerospace enterprises, international defence agencies and global system integrators. The company’s leadership team consists of military veterans and defence tech experts
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