The shares of a Defense company, specializing in providing vertically integrated defense electronics solutions for mission-critical applications, particularly within the defense, security, and aerospace industries, hit a 2 percent upper circuit upon receiving a work order from the UAE for smart infrastructure projects.
With a market capitalization of Rs. 719.90 crores on Tuesday, the shares of C2C Advanced Systems Limited hit a 2 percent upper circuit, making a high of Rs. 432.60 per share compared to its previous closing price of Rs. 424.15 per share.
C2C Advanced Systems Limited, engaged in providing vertically integrated defense electronics solutions for mission-critical applications, has received a work order from three UAE-based companies.
The company has secured a project worth Rs. 40.61 crores from NV-ITech Security Systems & Equipment Trading LLC for building smart housing solutions with integrated cybersecurity, out of which Rs. 1.85 crores has been executed, while Rs. 38.76 crores remains to be completed.
Additionally, C2C Advanced Systems has fully executed a project valued at Rs. 10.08 crores from Nimsmarts Technical Services, which involves the project for building smart housing solutions with cybersecurity integration.
Furthermore, the company has successfully delivered an order worth Rs. 4.88 crores, which was from Solutions FZC, in which the order is for a device to measure the efficiency of district cooling systems along with the implementation of a cybersecurity layer.
Financials & Others
The company’s revenue rose by 10.8 percent from Rs. 8.07 crore to Rs. 41.3 crore in FY23- 24. Meanwhile, Net loss decreased from Rs. 2.88 crore to a profit of Rs. 12.28 crore during the same period.
The company has delivered outstanding performance over the past 3 years, with an average ROE of 177.42 percent and ROCE of 24.14 percent, indicating strong profitability and efficient capital use. It has also recorded an impressive average revenue growth of 390.98 percent, reflecting rapid business expansion.
C2C Advanced Systems Limited, incorporated in 2018 and headquartered in Bengaluru, is a vertically integrated defense electronics solutions provider specializing in intelligent platforms and systems for defense, security, and aerospace sectors.
The company focuses on software-intensive systems, including Combat Management Systems (CMS) and C4I systems, leveraging AI/ML, big data analytics, and Industry 4.0 technologies. It serves both Indian and international defense markets, emphasizing innovation and R&D with a strong global footprint.
Written by Sridhar J
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