Apollo Micro Systems Ltd

AI

Apollo Micro Systems Ltd

₹ 407 1.41%
13 Oct - close price
About

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

Key Points

Business Overview [1]
The company is a pure-play defence company with capabilities across explosives, ammunition, critical sub-systems, systems, platforms, and weapon integration, covering missiles, drones, rockets, underwater weapons, VMCDS, aerial bombs, and directed-energy weapons. It participates in 150+ indigenous defence programmes, including KUSHA, BrahMos-NG, Akash-NG, QRSAM, Agni, Pinaka, VSHORAD, MAREECH, TAKSHAK, TAL, Pralay, NASM, and Rustom, and is the only company with the highest participation in indigenous DRDO missile programmes. It is also the only publicly listed private Indian defence company with large-scale infrastructure and R&D capabilities, with 700+ onboard technologies and participation in 60+ DC(PP) programmes as a subsystem partner.

  • Market Cap ₹ 15,122 Cr.
  • Current Price ₹ 407
  • High / Low ₹ 467 / 180
  • Stock P/E 117
  • Book Value ₹ 37.0
  • Dividend Yield 0.06 %
  • ROCE 15.9 %
  • ROE 12.8 %
  • Face Value ₹ 1.00

Pros

  • Company has delivered good profit growth of 64.5% CAGR over last 5 years

Cons

  • Stock is trading at 11.0 times its book value
  • Company has a low return on equity of 10.8% over last 3 years.
  • Promoters have pledged 35.6% of their holding.
  • Company has high debtors of 216 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
58 87 91 135 91 161 148 162 134 225 201 205 156
45 69 67 107 69 128 110 126 93 166 148 145 108
Operating Profit 13 18 24 29 22 33 38 36 41 59 53 60 48
OPM % 22% 21% 26% 21% 25% 20% 26% 22% 31% 26% 27% 29% 31%
0 0 1 1 1 1 1 1 1 3 4 8 7
Interest 8 7 7 8 8 7 9 11 10 10 9 8 9
Depreciation 3 3 3 3 3 4 4 4 4 5 5 5 6
Profit before tax 3 9 15 18 12 23 26 23 28 48 44 55 41
Tax % 40% 26% 31% 29% 29% 30% 30% 36% 30% 30% 30% 32% 32%
2 7 10 13 9 16 18 14 19 33 31 37 28
EPS in Rs 0.09 0.28 0.36 0.47 0.28 0.52 0.60 0.47 0.58 0.98 0.86 1.05 0.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
103 151 201 220 263 246 203 243 298 372 562 765 787
85 126 160 171 215 197 165 198 233 288 432 547 566
Operating Profit 18 25 41 49 48 49 39 46 64 84 130 218 221
OPM % 18% 17% 20% 22% 18% 20% 19% 19% 22% 23% 23% 29% 28%
0 0 2 0 3 2 1 1 -2 2 3 13 23
Interest 5 8 11 12 13 15 16 17 22 30 34 37 36
Depreciation 4 3 4 6 6 10 9 9 10 11 15 19 21
Profit before tax 9 15 27 31 33 25 14 20 29 45 84 175 188
Tax % 21% 33% 36% 38% 11% 45% 29% 28% 35% 29% 32% 31%
7 10 17 19 29 14 10 15 19 32 57 121 129
EPS in Rs 0.54 0.73 1.27 0.92 1.40 0.67 0.49 0.70 0.92 1.12 1.87 3.37 3.64
Dividend Payout % 0% 0% 0% 0% 7% 7% 5% 4% 3% 4% 13% 7%
Compounded Sales Growth
10 Years: 18%
5 Years: 30%
3 Years: 37%
TTM: 30%
Compounded Profit Growth
10 Years: 29%
5 Years: 65%
3 Years: 80%
TTM: 90%
Stock Price CAGR
10 Years: %
5 Years: 102%
3 Years: 84%
1 Year: 28%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 21 21 21 21 21 21 28 31 36
Reserves 21 31 50 235 261 275 284 299 363 491 578 1,287
58 71 88 87 108 83 116 116 144 208 295 489
42 87 94 121 61 86 109 163 165 228 358 483
Total Liabilities 135 203 246 463 451 465 530 598 692 955 1,262 2,294
23 21 30 29 42 50 49 86 106 144 181 277
CWIP 1 10 13 29 28 37 50 25 25 24 59 171
Investments 0 0 0 0 0 0 1 1 1 1 2 1
110 172 203 406 380 378 430 487 561 786 1,021 1,846
Total Assets 135 203 246 463 451 465 530 598 692 955 1,262 2,294

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-4 4 14 -42 -73 47 8 43 -16 -80 12 -153
-10 -10 -17 -109 64 -19 -23 -25 -35 -57 -93 -576
16 9 -11 152 10 -36 15 -18 51 138 81 749
Net Cash Flow 1 3 -14 0 1 -8 0 0 -0 0 0 20
Free Cash Flow -14 -6 -2 -64 -92 20 -14 23 -48 -129 -75 -391
CFO/OP -13% 23% 41% -75% -133% 108% 28% 98% -20% -93% 14% -61%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 217 209 130 190 235 201 305 205 180 231 155 216
Inventory Days 204 228 275 391 317 421 546 597 594 612 552 558
Days Payable 161 225 164 212 68 115 189 258 195 234 257 262
Cash Conversion Cycle 261 212 241 369 484 507 661 544 579 610 450 512
Working Capital Days 113 83 52 176 271 312 374 314 314 356 258 300
ROCE % 19% 22% 28% 18% 12% 10% 8% 9% 11% 12% 15% 16%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Jun 2023 Mar 2025 Mar 2026
R&D as % of Revenue
%

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Order Book
INR Crores
Defence Explosives Licensed Capacity
MTPA
Indigenous Program Participation
Count
Manufacturing Capacity
sq ft
Onboard Technologies
Count
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
53.21% 53.21% 55.12% 55.12% 55.12% 55.12% 50.65% 50.33% 51.98% 51.98% 49.98% 49.98%
11.01% 11.14% 7.42% 0.19% 0.74% 0.93% 7.16% 8.94% 4.97% 3.63% 7.59% 5.95%
0.01% 0.01% 0.00% 0.87% 0.87% 0.37% 1.61% 1.45% 1.30% 1.82% 1.71% 1.50%
35.76% 35.62% 37.46% 43.82% 43.29% 43.60% 40.59% 39.27% 41.76% 42.58% 40.72% 42.58%
No. of Shareholders 1,43,7781,79,0492,15,5872,82,0552,86,0272,80,4273,05,6363,40,5113,60,1313,73,8063,98,0434,24,721

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Annual reports

Concalls