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Apollo Micro Systems Ltd

APOLLO NSE

Key Fundamentals

MicrocapEngineeringAerospace & Defense
Market Cap
₹13,813 Cr
Volatility
Moderate
P/E Ratio
113.41
EBITDA
₹218 Cr
Return on Equity
9.28%
Debt to Equity
0.41
Book Value
₹39.73
EPS
₹1.24
52W High
₹466.5
52W Low
₹179.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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55 extracted metrics + investor summaries across FY18–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 61.6% CAGR over last 5 years

Weaknesses

5
  • Stock is trading at 10.5 times its book value
  • Promoter holding has decreased over last quarter: -2.00%
  • Company has a low return on equity of 10.2% over last 3 years.
  • Promoters have pledged 30.5% of their holding.
  • Company has high debtors of 194 days.

Growth Rate

Revenue Growth
60.06% ↗
Net Income Growth
121.29% ↗
Cash Flow Change
113.50% ↗
ROE
54.92% ↗
ROCE
22.61% ↗
EBITDA Margin (Avg.)
2.48% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high

Apollo Micro Systems Ltd is a small-cap aerospace & defense company with a market cap of ₹14,060 Cr, trading at a PE of 125.9x and 9.79x book value. The company has delivered strong revenue growth of 45% CAGR over 3 years and profit growth of 76% CAGR over 3 years, but carries elevated valuation multiples and governance concerns including 30.5% promoter pledge.

Bull Case 7
  • Strong revenue growth with compounded sales CAGR of 45% over 3 years and 69% TTM growth, indicating accelerating top-line momentum
  • Exceptional profit growth of 76% CAGR over 3 years and 83% TTM growth, outpacing revenue growth and suggesting improving margins
  • 5-year compounded profit CAGR of 61.6%, demonstrating sustained earnings expansion over a meaningful period
  • Stock price CAGR of 105% over 1 year and 92% over 3 years reflects strong market confidence and momentum
  • ROE improved to 12% in the last year from a 3-year average of 10%, showing upward trajectory in capital efficiency
  • Positioned in the Aerospace & Defense sector which benefits from India's increasing indigenous defense procurement and rising defense budget
  • Company is expected to deliver a good upcoming quarter based on forward indicators
Bear Case 8
  • PE ratio of 125.9x is extremely elevated, requiring sustained high growth to justify current valuation
  • Promoters have pledged 30.5% of their holding, creating risk of forced selling if share price declines significantly
  • High debtor days of 194, indicating nearly 6.5 months of receivables outstanding which strains working capital and raises collection risk
  • Trading at 9.79x book value (price-to-book) which leaves limited margin of safety for investors
  • Promoter holding decreased by 2.00% in the last quarter, signaling potential dilution of promoter confidence
  • 3-year average ROE of only 10.2% is modest for a company commanding such premium valuations
  • Dividend yield of just 0.06% provides virtually no income return to shareholders
  • 5-year average ROE of 9% suggests the company has historically struggled to generate strong returns on shareholder equity

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 8
  • IPREK empanelment Rs 79,000 cr programme Jul 29

    Empanelled as Prime Development Agency for the Rs 79,000 crore IPREK project under Make-II by the Indian Air Force. Book-to-bill stands at 88x, though revenue recognition begins only after formal work order issuance.

  • 40-45% revenue growth guidance FY27 Aug 10

    Management confirmed 40-45% revenue growth guidance for FY27 on both consolidated and standalone bases. Consolidated order book projected to reach INR 3,500-4,000 crores by year-end.

  • Premier Explosives acquisition advances Aug 8

    Acquired Premier Explosives to boost defence capabilities; received final SEBI comments on Aug 16 for the 26% open offer. Integration plans to be disclosed within 2-3 months after finalisation.

  • Q1FY26 profit surges 43% YoY Aug 8

    Standalone net profit rose 43% YoY to Rs 278.34 lakh in Q1FY26, driven by an 88% surge in revenue from operations.

  • Rs 2.1 billion DRDO contract won Aug 5

    Secured a Rs 2.1 billion contract from DRDO, reinforcing continued engagement with India's defence establishment in electronics and systems.

  • Indigenous SDD delivered to Navy Jul 31

    Delivered indigenously developed Safety & Detonation Device to the Indian Navy, replacing imports and reducing costs under defence self-reliance.

  • Navy SAVIOR-ASW prototype order Jul 22

    Awarded Make-II Prototype Sanction Order by the Indian Navy for SAVIOR-ASW autonomous underwater surveillance system for Anti-Submarine Warfare. Global market estimated at $10 Bn by 2032.

  • EGM approves preferential issue Aug 4

    Shareholders approved preferential equity and warrant issue, capital hike, and enhanced borrowing powers at EGM on August 4, 2026.

Neutral 5
  • Rs 80.84 cr Defence PSU order Aug 17

    Secured Rs 80.838 crore order from Defence PSUs, State Governments, and Private Industries, adding to existing order book of over Rs 1.59 lakh crore.

  • IAF 500 Kg Smart Bomb prototype Jul 28

    Received Indian Air Force order for 500 Kg Smart Bomb Prototype for indigenous guidance and navigation capabilities. No cost burden on government under industry-led approach.

  • 1.42 crore shares listed from warrants Jul 23

    Listed 1.42 crore equity shares on July 23, 2026, following warrant conversion at Rs 114 each, locked in until January 23, 2027.

  • Investor meets scheduled Aug 2026 Aug 4

    Management attending physical investor meetings organised by Citi and Nuvama in Singapore, Hong Kong, Hyderabad, and Mumbai from August 11-20, 2026.

  • Q1FY27 earnings call and presentations Aug 4

    Q1FY27 earnings conference call held August 8, 2026, at 6:00 PM IST with investor presentations released for institutional review.

TL;DR: Apollo Micro Systems is in a strong growth phase with 40-45% FY27 revenue guidance, a rapidly expanding order book targeting Rs 3,500-4,000 crores, and marquee wins including the Rs 79,000 crore IPREK empanelment and Rs 2.1 billion DRDO contract. The Premier Explosives acquisition adds strategic depth in defence. No material headwinds are visible in recent news flow, though dilution from preferential issues and execution risk on a ballooning order book warrant monitoring. The trend is clearly improving with defence indigenisation tailwinds firmly in place.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
58
87
91
135
91
161
148
162
134
225
252
293
251
Expenses
45
69
67
107
69
128
110
126
93
166
202
226
198
Operating Profit
13
18
24
29
22
33
38
36
41
59
50
68
54
OPM %
22%
21%
26%
21%
25%
20%
26%
22%
31%
26%
20%
23%
21%
Other Income
0
0
0
1
1
1
1
1
1
1
1
3
2
Interest
8
7
7
8
8
7
9
11
12
13
14
9
11
Depreciation
3
3
3
3
3
4
4
4
4
5
6
7
8
PBT
3
9
14
18
12
22
26
22
25
43
32
55
38
Tax %
42%
25%
31%
29%
29%
30%
30%
36%
30%
30%
28%
33%
33%
Net Profit
2
7
10
13
8
16
18
14
18
30
23
37
25
EPS in Rs
0.08
0.28
0.35
0.46
0.28
0.51
0.6
0.46
0.55
0.93
0.72
1.05
0.72
Figures in ₹ Crores

Profit & Loss

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
246
203
243
298
372
562
904
1,022
Expenses
197
165
198
233
288
433
686
791
Operating Profit
49
39
46
64
84
129
218
231
OPM %
20%
19%
19%
22%
23%
23%
24%
23%
Other Income
2
1
1
-2
2
3
6
8
Interest
15
16
17
22
30
34
47
46
Depreciation
10
9
9
10
11
15
22
25
PBT
25
14
20
29
44
83
155
167
Tax %
45%
29%
28%
35%
29%
32%
31%
—
Net Profit
14
10
15
19
31
56
107
115
EPS in Rs
0.67
0.49
0.7
0.9
1.1
1.84
3.16
3.42
Div. Payout %
7%
5%
4%
3%
5%
14%
8%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
21
21
21
21
28
31
36
Reserves
275
284
299
363
490
576
1,277
Borrowings
83
117
116
144
208
335
543
Other Liabilities
86
110
164
165
230
357
512
Total Liabilities
465
532
599
693
956
1,299
2,369
Fixed Assets
50
49
86
106
144
182
477
CWIP
37
52
30
32
35
72
196
Investments
0
0
0
0
0
0
0
Other Assets
378
430
484
555
777
1,045
1,695
Total Assets
465
532
599
693
956
1,299
2,369
Figures in ₹ Crores

Cash Flow

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
47
6
43
-16
-76
10
-130
Investing
-19
-23
-24
-35
-60
-91
-357
Financing
-36
17
-19
51
136
121
536
Net Cash Flow
-8
0
0
0
0
40
49
Free Cash Flow
20
-16
21
-50
-131
-82
-357
CFO/OP
108
24
98
-21
-87
13
-50
Figures in ₹ Crores

Ratios

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
201
305
205
180
231
155
194
Inventory Days
421
546
597
594
612
553
478
Days Payable
115
189
258
195
239
258
230
Cash Conversion Cycle
507
661
544
579
605
450
443
Working Capital Days
312
372
314
319
348
253
256
ROCE %
—
8%
9%
11%
12%
14%
14%

Shareholding Pattern

As of Jun 2026
Promoters 49.98%
Public 32.85%
Others 7.87%
FIIs 7.59%
DIIs 1.72%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023May 2023Jun 2023Sep 2023Nov 2023Dec 2023Mar 2024May 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
59.10%
59.10%
59.10%
59.10%
59.10%
59.10%
59.10%
59.10%
59.10%
53.21%
59.10%
52.67%
53.78%
53.21%
53.21%
55.80%
55.12%
55.12%
55.12%
55.12%
50.65%
50.33%
52.41%
51.98%
51.98%
49.98%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.27%
0.00%
0.00%
11.14%
10.07%
7.42%
0.19%
0.74%
0.93%
7.16%
8.94%
7.84%
4.97%
3.63%
7.59%
DIIs
2.21%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.63%
3.59%
3.17%
3.63%
3.31%
0.00%
0.00%
0.01%
0.01%
0.00%
0.87%
0.87%
0.37%
1.61%
1.46%
1.38%
1.29%
1.81%
1.72%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
30.04%
32.24%
32.17%
28.51%
33.35%
33.22%
33.08%
29.17%
29.42%
31.53%
30.68%
32.60%
29.87%
30.15%
30.00%
28.67%
31.35%
37.68%
36.86%
36.96%
34.44%
32.43%
31.48%
33.36%
34.62%
32.85%
Others
8.65%
8.66%
8.73%
12.39%
7.55%
7.68%
7.82%
9.10%
7.89%
12.09%
6.58%
6.15%
16.35%
16.63%
5.63%
5.46%
6.12%
6.14%
6.42%
6.62%
6.14%
6.85%
6.89%
8.40%
7.96%
7.87%
No. of Shareholders
40,592
43,975
46,410
44,826
48,531
47,628
46,146
41,535
42,134
42,140
59,539
85,206
1,29,963
1,43,778
1,79,049
1,85,404
1,95,140
2,82,055
2,86,027
2,80,427
3,00,093
3,40,511
3,44,569
3,60,131
3,73,806
3,73,814

Documents

Frequently Asked Questions about Apollo Micro Systems Ltd

What does Apollo Micro Systems Ltd do?
Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions.[1]
Where is Apollo Micro Systems Ltd (APOLLO) listed?
Apollo Micro Systems Ltd is listed on the Indian stock exchanges. It is listed on NSE: APOLLO and BSE: 540879. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Apollo Micro Systems Ltd belong to?
Apollo Micro Systems Ltd operates in the Aerospace & Defense sector within the Engineering industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Apollo Micro Systems Ltd?
Apollo Micro Systems Ltd has a market capitalisation of approximately ₹13813.43 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Apollo Micro Systems Ltd?
The Price-to-Earnings (PE) ratio of Apollo Micro Systems Ltd is 113.41. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Apollo Micro Systems Ltd?
Over the past 52 weeks, Apollo Micro Systems Ltd has traded between a low of ₹179.5 and a high of ₹466.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Apollo Micro Systems Ltd pay dividends?
Yes, Apollo Micro Systems Ltd has a dividend yield of 0.06%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Apollo Micro Systems Ltd?
Apollo Micro Systems Ltd has a Return on Equity (ROE) of 9.28%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Apollo Micro Systems Ltd on Tapetide?
On Tapetide, you can view Apollo Micro Systems Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions.[1]

Website apollo-micro.com
CEO Mr. Karunakar Reddy Baddam
Employees 405
Listed 2018-01-22
Face Value ₹ 1
Issued Size 35,43,91,700

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