Apollo Micro Systems Limited (APOLLO)

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Apollo Micro Systems Limited (APOLLO) · mywealthgrid

About

Apollo Micro Systems Limited operates in Aerospace & Defense, a capital-intensive segment within Industrials with ₹14,541.67 Cr market capitalisation. Quarterly revenue spans ₹155.89–₹293.26 Cr with net profit ₹22.88–₹37.45 Cr, establishing the company within India's mid-cap defence-industrial base. Operating margins average 24.12%, reaching 31.02% in stronger quarters.

Face value: ₹1

Market cap

₹14,558 Cr

P/E

119.7×

P/B

10.7×

Dividend yield

0.1%

ROE

11.8%

ROCE

18.2%

Debt / equity

0.41

OPM

24.1%

EPS (TTM)

₹3.4

Book value

₹36.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation at PE 119.57 with minimal margin for execution error
Operating margin volatility (19.98%–31.02%) and quarterly revenue fluctuation (₹155.89–₹293.26 Cr): verify drivers (customer concentration, project cycles, execution risk)
Defence sector cyclicality tied to government budgets: verify procurement commitments and geopolitical exposure
Low ROE of 11.76% suggests modest capital efficiency: verify whether earnings growth justifies current valuation

Generated analysis · source review pending

Growth drivers

Operating margin upside: OPM fluctuates 19.98%–31.02%; sustaining the higher end at growing revenue base drives profit leverage
EPS trajectory: EPS ranged ₹0.69–₹1.11 in recent quarters, showing earnings sensitivity to revenue growth at maintained margins
Balance sheet capacity: D/E of 0.41 enables capex funding without leverage strain
Defence segment positioning: verify government procurement roadmap, order backlog visibility, and addressable market expansion to assess growth headroom

Generated analysis · source review pending

2,142 historical price candles were omitted because the exchange source has not been verified.

₹394.0-2.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 24.1%
+Profit CAGR of 61.6% over the last 5 years
+Revenue CAGR of 34.8% over the last 5 years

Cons

−Low return on equity of 7.3% (3-yr avg)
−Expensive at 119.7× trailing earnings
−Trading at 10.7× book value
−Low dividend payout of 7.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

50/100

Business quality: 48
Growth: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bharat Dynamics LimitedBDLBDL	₹39,882 Cr	₹39,882 Cr	₹2,766 Cr	₹352 Cr	9.2%	₹521 Cr	17.2%	7.5%	10.2%	598
Garden Reach Shipbuilders & Engineers LimitedGRSEGRSE	₹24,193 Cr	₹24,193 Cr	₹7,507 Cr	₹833 Cr	11.4%	₹801 Cr	10.7%	41%	31.8%	205
Data Patterns (India) LimitedDATAPATTNSDATAPATTNS	₹23,807 Cr	₹23,807 Cr	₹941 Cr	₹373 Cr	40.4%	₹268 Cr	29.3%	22.6%	16.7%	499
Sigma Advanced Systems LimitedSIGMAADVSIGMAADV	₹18,975 Cr	₹19,275 Cr	₹843 Cr	₹121 Cr	9.7%	₹163 Cr	54.5%	73.1%	87.6%	271
Aequs LimitedAEQUSAEQUS	₹18,448 Cr	₹18,851 Cr	₹1,230 Cr	₹89 Cr	7.2%	₹-113 Cr	-9.2%	1.1%	-10.3%	259
Astra Microwave Products LimitedASTRAMICROASTRAMICRO	₹15,417 Cr	₹15,704 Cr	₹1,140 Cr	₹326 Cr	28.7%	₹189 Cr	16.6%	23.1%	16%	537
Apollo Micro Systems LimitedAPOLLOAPOLLO	₹14,558 Cr	₹15,091 Cr	₹1,022 Cr	₹231 Cr	24.1%	₹122 Cr	11.9%	18.2%	11.8%	443
Zen Technologies LimitedZENTECZENTEC	₹14,232 Cr	₹14,236 Cr	₹671 Cr	₹221 Cr	36%	₹186 Cr	31.7%	16.3%	10.8%	425
Paras Defence And Space Technologies LimitedPARASPARAS	₹10,285 Cr	₹10,311 Cr	₹511 Cr	₹130 Cr	25.3%	₹94 Cr	18.8%	16.9%	12.9%	435
Axiscades Technologies LimitedAXISCADESAXISCADES	₹9,806 Cr	₹10,082 Cr	₹1,099 Cr	₹152 Cr	15.3%	₹36 Cr	6.2%	17.7%	10.4%	31
Unimech Aerospace And Manufacturing LimitedUNIMECHUNIMECH	₹9,025 Cr	₹9,137 Cr	₹285 Cr	₹95 Cr	31.2%	₹72 Cr	26.3%	12.8%	9%	137
Mishra Dhatu Nigam LimitedMIDHANIMIDHANI	₹8,121 Cr	₹8,405 Cr	₹1,278 Cr	₹240 Cr	19.7%	₹135 Cr	10.9%	9.1%	8.9%	1,022

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	203	243	298	372	562	904
COGS	151	181	210	258	397	607
Gross profit	52	62	88	113	165	297
	14	16	23	29	36	79
	39	46	64	84	129	218
OPM %	19%	18.8%	21.6%	22.6%	23%	24.1%
Depreciation	9	9	10	11	15	22
Interest	16	17	23	30	34	47
	1	1	-2	2	3	6
Profit before tax	14	20	29	44	83	155
Tax	4	6	10	13	26	47
Tax %	29.1%	27.9%	35.3%	29.5%	31.7%	30.6%
	10	15	19	31	56	107
PAT margin %	5.1%	6%	6.3%	8.4%	10%	11.9%
EPS (₹)	4.9	7	9.2	0	1.9	3.2
EPS adjusted (₹)	0.5	0.7	0.9	0	1.8	3.2
	5.1%	3.6%	0.3%	—	13.4%	7.9%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	21	21	21	28	31	36
Reserves	—	299	363	490	576	1,277
Minority interest	—	1	1	1	1	—
	—	115	142	198	331	532
	—	164	167	239	361	523
Total equity & liabilities	—	599	693	956	1,299	2,369
	49	86	105	144	177	477
CWIP	—	30	32	35	72	196
Investments	—	0	2	0	5	0
	—	484	555	777	1,045	1,695
Total assets	—	599	693	956	1,299	2,369

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	40	-15	-69	11	-130
	-24	-24	-35	-61	-95	-357
	17	-15	50	130	124	536
Net cash flow	0	0	-0	-0	40	49
Free cash flow	-16	16	-49	-123	-85	-357
CFO / Operating profit %	19.1%	86.8%	-24.1%	-82%	8.7%	-59.5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	25.7%	25.5%	29.5%	30.5%	29.4%	32.8%
EBITDA margin %	19%	18.8%	21.6%	22.6%	23%	24.1%
EBIT margin %	14.7%	15.1%	18.1%	19.5%	20.3%	21.7%
PAT margin %	5.1%	6%	6.3%	8.4%	10%	11.9%
Working capital
Receivable days	—	205	180	231	155	194
Inventory days	—	597	594	612	553	478
Payable days	—	258	195	234	255	230
NWC days	—	543	579	609	452	443
Leverage
Current ratio	—	1.87	1.98	1.98	1.78	1.9
Debt to EBITDA	—	2.52	2.2	2.36	2.56	2.44
Debt to equity	—	0.36	0.37	0.38	0.55	0.41
Interest coverage	1.9	2.2	2.4	2.5	3.4	4.3
Asset turnover	—	0.41	0.43	0.39	0.43	0.38
Return ratios
Return on assets %	—	2.4%	2.7%	3.3%	4.3%	4.5%
Return on capital employed %	—	11%	14.5%	15.2%	18.1%	18.2%
Return on equity %	—	4.6%	4.9%	6%	9.3%	8.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.67%	53.21%	53.21%	55.12%	55.12%	55.12%	55.12%	50.65%	50.33%	51.98%	51.98%	49.98%
	5.27%	11.01%	11.14%	7.42%	0.19%	0.74%	0.93%	7.16%	8.94%	4.97%	3.63%	7.59%
	3.31%	0.01%	0.01%	0%	0.87%	0.87%	0.37%	1.61%	1.46%	1.29%	1.81%	1.72%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	38.75%	35.77%	35.64%	37.46%	43.82%	43.27%	43.58%	40.58%	39.27%	41.76%	42.58%	40.71%
No. of shareholders	—	—	—	—	—	—	—	—	3,40,511	3,60,131	3,73,806	3,98,043

Promoter holding down 2.69 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
SUDARSHAN CHILUVERUKey Managerial Personnel	BuyPreferential Offer	10,000	₹11.4 L	0.00% → 0.00%	26 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

322 deals · 3 Aug 2021 – 4 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Jun 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	18,06,368	₹417.02	₹75.33 Cr
4 Jun 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	14,78,003	₹416.49	₹61.56 Cr
3 Jun 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	21,90,795	₹421.36	₹92.31 Cr
3 Jun 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	21,90,795	₹417.82	₹91.54 Cr
3 Jun 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	20,85,017	₹416.85	₹86.91 Cr
3 Jun 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	20,57,475	₹422.94	₹87.02 Cr
2 Jun 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	23,95,197	₹420.73	₹100.77 Cr
2 Jun 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	22,51,460	₹421.40	₹94.88 Cr
2 Jun 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	22,18,840	₹425.02	₹94.31 Cr
2 Jun 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	22,18,840	₹424.71	₹94.24 Cr

1–10 of 322

1 / 33

Mr. RAGHUPATHY GOUD THEEGALANon-Executive - Independent Director-Chairperson
Mr. KARUNAKAR REDDY BADDAMExecutive Director-MD
Mr. CHANDRAPATI VENKATA SIVA PRASADExecutive Director
Mr. ADDEPALLI KRISHNA SAI KUMARExecutive Director
Mrs. KARUNASREE SAMUDRALANon-Executive - Independent Director
Mrs. KAVYA GORLANon-Executive - Non Independent Director
Mr. CHANDRASHEKAR MATHAMNon-Executive - Independent Director
Mr. ADITYA KUMAR HALWASIYANon-Executive - Non Independent Director
Mr. G Seshadri VasanCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

0.99%

of the company's equity

All mutual funds

1.47%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 4 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	22.19 L	85.66	1.55%	0.6%	+56,188
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	5.44 L	21	1.55%	0.147%	-2,934
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	4.2 L	16.23	0.65%	0.114%	-9,204
TRUSTMF Flexi Cap Fund	Trust Mutual Fund	1.76 L	6.8	0.65%	0.048%	-0
IB25-Groww Nifty India Defence ETF	Groww Mutual Fund	1.47 L	5.69	1.55%	0.04%	+3,645
Nifty India Defence Index Fund	Axis Mutual Fund	1.39 L	5.37	1.55%	0.038%	+11,837
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	2,877	0.11	0.03%	0.001%	+13
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	477	0.02	0.03%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

227 announcementsExport CSV

30 Sept 2026, 8:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	25.7%	25.5%	29.5%	30.5%	29.4%	32.8%
EBITDA margin %	19%	18.8%	21.6%	22.6%	23%	24.1%
EBIT margin %	14.7%	15.1%	18.1%	19.5%	20.3%	21.7%
PAT margin %	5.1%	6%	6.3%	8.4%	10%	11.9%
Working capital
Receivable days	—	205	180	231	155	194
Inventory days	—	597	594	612	553	478
Payable days	—	258	195	234	255	230
NWC days	—	543	579	609	452	443
Leverage
Current ratio	—	1.87	1.98	1.98	1.78	1.9
Debt to EBITDA	—	2.52	2.2	2.36	2.56	2.44
Debt to equity	—	0.36	0.37	0.38	0.55	0.41
Interest coverage	1.9	2.2	2.4	2.5	3.4	4.3
Asset turnover	—	0.41	0.43	0.39	0.43	0.38
Return ratios
Return on assets %	—	2.4%	2.7%	3.3%	4.3%	4.5%
Return on capital employed %	—	11%	14.5%	15.2%	18.1%	18.2%
Return on equity %	—	4.6%	4.9%	6%	9.3%	8.2%

Date	Category	Subject	Filing
30 Sept 2026, 8:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
29 Sept 2026, 9:27 am	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
28 Sept 2026, 8:35 am	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
22 Sept 2026, 11:09 am	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
18 Sept 2026, 8:23 am	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
17 Sept 2026, 9:58 am	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
16 Sept 2026, 1:57 pm	Company Update General	AMS Business Update 16092026	PDF
15 Sept 2026, 10:18 pm	Company Update General	AMS Clarification On News Item	PDF

Apollo Micro Systems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

8

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Apollo Micro Systems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends8

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

8

1

1