Apollo Micro Systems Ltd
Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions.[1]
- Market Cap ₹ 5,889 Cr.
- Current Price ₹ 192
- High / Low ₹ 212 / 88.0
- Stock P/E 104
- Book Value ₹ 19.8
- Dividend Yield 0.02 %
- ROCE 14.0 %
- ROE 10.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 32.1% CAGR over last 5 years
Cons
- Stock is trading at 9.72 times its book value
- Company has a low return on equity of 7.93% over last 3 years.
- Promoters have pledged 48.0% of their holding.
- Company has high debtors of 155 days.
- Promoter holding has decreased over last 3 years: -3.98%
* 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.
Peer comparison
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 246 | 203 | 243 | 298 | 372 | 562 | |
| 197 | 165 | 198 | 233 | 288 | 433 | |
| Operating Profit | 49 | 39 | 46 | 64 | 84 | 129 |
| OPM % | 20% | 19% | 19% | 22% | 23% | 23% |
| 2 | 1 | 1 | -2 | 2 | 3 | |
| Interest | 15 | 16 | 17 | 22 | 30 | 34 |
| Depreciation | 10 | 9 | 9 | 10 | 11 | 15 |
| Profit before tax | 25 | 14 | 20 | 29 | 44 | 83 |
| Tax % | 45% | 29% | 28% | 35% | 29% | 32% |
| 14 | 10 | 15 | 19 | 31 | 56 | |
| EPS in Rs | 0.67 | 0.49 | 0.70 | 0.90 | 1.10 | 1.84 |
| Dividend Payout % | 7% | 5% | 4% | 3% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 32% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 57% |
| TTM: | 81% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 84% |
| 3 Years: | 149% |
| 1 Year: | 92% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 28 | 31 |
| Reserves | 275 | 284 | 299 | 363 | 490 | 576 |
| 83 | 117 | 116 | 144 | 208 | 335 | |
| 86 | 110 | 164 | 165 | 230 | 357 | |
| Total Liabilities | 465 | 532 | 599 | 693 | 956 | 1,299 |
| 50 | 49 | 86 | 106 | 144 | 182 | |
| CWIP | 37 | 52 | 30 | 32 | 35 | 72 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 378 | 430 | 484 | 555 | 777 | 1,045 | |
| Total Assets | 465 | 532 | 599 | 693 | 956 | 1,299 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 47 | 6 | 43 | -16 | -78 | 11 | |
| -19 | -23 | -24 | -35 | -59 | -95 | |
| -36 | 17 | -19 | 51 | 137 | 124 | |
| Net Cash Flow | -8 | 0 | 0 | -0 | -0 | 40 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 201 | 305 | 205 | 180 | 231 | 155 |
| Inventory Days | 421 | 546 | 597 | 594 | 612 | 553 |
| Days Payable | 115 | 189 | 258 | 195 | 234 | 255 |
| Cash Conversion Cycle | 507 | 661 | 544 | 579 | 609 | 452 |
| Working Capital Days | 435 | 581 | 486 | 492 | 549 | 424 |
| ROCE % | 8% | 9% | 11% | 12% | 14% |
Documents
Announcements
-
Updates
4 Jun - Apollo raised Rs 416.77 Cr via preferential shares and warrants at Rs 114 each, boosting defense sector growth.
-
Board Meeting Outcome for Outcome Of Meeting Of Securities Allotment Committee Of The Board
2 Jun - Apollo Micro Systems raised Rs. 308 Cr via 2.7 Cr shares and Rs. 108 Cr via 3.8 Cr convertible warrants.
-
Revised Board Meeting Outcome Dated 23-05-2025
31 May - Apollo Microsystems reports audited FY25 results with profit growth, appoints auditors, and plans final dividend.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report for FY ended March 31, 2025, confirming full regulatory compliance.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Apollo Micro reports 51% revenue growth, acquires IDL Explosives, plans Rs. 250 Cr capex, expects order book to triple by Mar'26.
Annual reports
Concalls
-
May 2025Transcript PPT REC
-
May 2025TranscriptNotesPPT
-
Feb 2025Transcript PPT
-
Dec 2024TranscriptNotesPPT
-
Oct 2024TranscriptNotesPPT
-
Aug 2024TranscriptNotesPPT
-
May 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Sep 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Nov 2018TranscriptPPT
Service Offerings
The company is a leading player in India, specializing in electronic, electro-mechanical, and engineering design and manufacturing services. Its offerings include electronic manufacturing services (EMS), PCB fabrication, embedded software design and development, circuit board assembly, hardware design services, concept-to-product development, host interface development, and custom-built electronic systems.[1]
It has over 700 onboard technologies and is actively involved in more than 150 indigenous programs and 60 DcPP programs as a sub-system partner. [2]