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Apollo Micro Systems Ltd.
(APOLLO)
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Rating:55Neutral
Price Target:
â‚ą439.00
â–˛(61.43% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak cash flow and negative free cash flow despite strong reported revenue and profit growth, alongside rising debt. Technical indicators are largely neutral with mixed trend signals. Valuation is a notable risk due to a very high P/E and minimal dividend support.
Positive Factors
Strong Revenue and Profit Growth
Sustained revenue and net income expansion indicates growing demand for Apollo’s offerings and improving scale across its business. If this trajectory continues, the larger earnings base can support investment in product development, execution capacity, and deeper participation in defense and aerospace programs.
Negative Factors
Weak and Deteriorating Cash Conversion
Persistent negative operating and free cash flow shows that reported earnings are not yet translating into internal funding. This can increase reliance on borrowings or other external capital, constrain investment flexibility, and make execution of a rapidly expanding project base more financially demanding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Profit Growth
Sustained revenue and net income expansion indicates growing demand for Apollo’s offerings and improving scale across its business. If this trajectory continues, the larger earnings base can support investment in product development, execution capacity, and deeper participation in defense and aerospace programs.
Read all positive factors
Apollo Micro Systems Ltd. (APOLLO) vs. iShares MSCI India ETF (INDA)
Market Cap
â‚ą138.94B
Dividend Yield0.07%
Average Volume (3M)443.73K
Price to Earnings (P/E)108.3
Beta (1Y)1.92
Revenue Growth77.12%
EPS Growth46.48%
CountryIN
Employees434
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)3.46
Shares Outstanding371,599,520
10 Day Avg. Volume488,998
30 Day Avg. Volume443,733
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)4.93
Price to Sales (P/S)7.15
P/FCF Ratio-16.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.63
Revenue Forecast (FY)â‚ą13.99B
Apollo Micro Systems Ltd. Business Overview & Revenue Model
Company Description
Established in 1985 and headquartered in Hyderabad, India, Apollo Micro Systems Limited is a specialized firm engaged in the design, development, assembly, and testing of electronic and electro-mechanical solutions. The company boasts an extensive...
How the Company Makes Money
Apollo Micro Systems primarily makes money by selling electronic systems, subsystems, and related engineering services to institutional and industrial customers, with a concentration in government/defense and aerospace supply chains. Key revenue s...
Apollo Micro Systems Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.22B | 9.04B | 5.62B | 3.72B | 2.98B | 2.43B |
| Gross Profit | 2.69B | 2.37B | 1.28B | 884.04M | 666.85M | 445.64M |
| EBITDA | 2.28B | 2.24B | 1.32B | 702.31M | 616.92M | 462.77M |
| Net Income | 1.21B | 1.13B | 563.96M | 311.19M | 187.50M | 146.22M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 23.69B | 12.99B | 9.56B | 6.93B | 5.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.56B | 624.78M | 275.44M | 2.49M | 3.43M |
| Total Debt | 0.00 | 5.43B | 3.35B | 2.08B | 1.44B | 1.16B |
| Total Liabilities | -13.08B | 10.60B | 6.92B | 4.37B | 3.08B | 2.79B |
| Stockholders Equity | 13.08B | 13.13B | 6.07B | 5.19B | 3.83B | 3.19B |
Cash Flow | ||||||
| Free Cash Flow | -3.81B | -4.00B | -850.37M | -1.32B | -488.92M | 205.70M |
| Operating Cash Flow | -1.90B | -1.73B | 112.73M | -784.91M | -154.78M | 439.99M |
| Investing Cash Flow | -2.57B | -3.61B | -952.43M | -588.82M | -347.57M | -249.84M |
| Financing Cash Flow | 4.24B | 5.83B | 1.24B | 1.37B | 509.51M | -187.99M |
Apollo Micro Systems Ltd. Technical Analysis
Negative
271.95
Price Trends
396.00
Negative
400.99
Negative
329.67
Positive
Market Momentum
0.21
Positive
39.82
Neutral
15.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APOLLO, the sentiment is Negative. The current price of 271.95 is below the 20-day moving average (MA) of 403.63, below the 50-day MA of 396.00, and below the 200-day MA of 329.67, indicating a neutral trend. The MACD of 0.21 indicates Positive momentum. The RSI at 39.82 is Neutral, neither overbought nor oversold. The STOCH value of 15.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APOLLO.
Apollo Micro Systems Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹212.12B | 79.25 | ― | 0.26% | 33.81% | 24.90% | |
68 Neutral | ₹2.63T | 43.10 | ― | 0.70% | 19.83% | 11.75% | |
67 Neutral | ₹134.90B | 74.54 | ― | 0.07% | -23.50% | -29.04% | |
66 Neutral | ₹94.84B | 100.44 | ― | 0.08% | 36.61% | 47.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹138.94B | 108.31 | ― | 0.07% | 77.12% | 46.48% | |
44 Neutral | ₹14.83B | -72.23 | ― | ― | -46.54% | -151.08% |
* General Sector Average
IN:APOLLO
Apollo Micro Systems Ltd.
373.90
88.82
31.16%
IN:BEL
Bharat Electronics Limited
360.10
-52.78
-12.78%
IN:DATAPATTNS
Data Patterns (India) Limited
3,788.95
1,006.51
36.17%
IN:DCXINDIA
DCX Systems Limited
133.10
-94.05
-41.40%
IN:PARAS
Paras Defence & Space Technologies Ltd.
1,176.90
452.60
62.49%
IN:ZENTEC
Zen Technologies Limited
1,494.10
155.45
11.61%
Apollo Micro Systems Ltd. Corporate Events
Apollo Micro Systems schedules global earnings call for October 26
Oct 15, 2026
Apollo Micro Systems Ltd. has scheduled an earnings conference call for investors and analysts on Monday, October 26, 2026, at 11:11 a.m. India time, to discuss its performance for the first half and second quarter of financial year 2026. The call...
Apollo Micro Systems Reports AGM Voting Results; All Resolutions Passed
Oct 2, 2026
Apollo Micro Systems Limited has reported the voting results and consolidated scrutinizer’s findings for its 29th Annual General Meeting held on September 30, 2026 via video conferencing and other audio‑visual means. The AGM was conduc...
Apollo Micro Systems to Use Existing Quarterly Deck for Analyst and Investor Meet
Sep 28, 2026
Apollo Micro Systems Ltd. has notified the stock exchanges that it will use its previously published investor presentation for the quarter ended June 30, 2026, during an analyst and institutional investor meeting scheduled on September 28, 2026. T...
CCI clears path for Apollo Micro Systems’ Premier Explosives acquisition
Sep 23, 2026
Apollo Micro Systems has announced that the Competition Commission of India has determined its planned acquisition of a 41.33% stake in Premier Explosives Limited is not a notifiable combination under the Competition Act, 2002. Since Premier’...
Apollo Micro Systems to Use June-Quarter Investor Deck in Analyst Meet
Sep 17, 2026
Apollo Micro Systems Ltd. has notified exchanges that its previously released investor presentation for the quarter ended June 30, 2026 will be used for an analyst and institutional investor meeting held on September 17, 2026. The presentation, al...
Apollo Micro Systems Wins Key Defence Technology Transfer for Laser-Guided Systems
Sep 16, 2026
Apollo Micro Systems Ltd. has announced it has been awarded the Transfer of Technology for a Semi Active Laser Homing System, a precision-guidance solution that steers munitions toward laser-designated targets and enhances its portfolio of indigen...
Apollo Micro Systems Posts Strong Q1 FY27 Results as Warrant Conversion Boosts Equity Base
Sep 16, 2026
Apollo Micro Systems Ltd. reported standalone unaudited financial results for the quarter ended 30 June 2026, prepared under Indian Accounting Standards and reviewed by its audit committee and statutory auditors. The company, which operates solely...
Apollo Micro Systems says High Court backs defence tender award, rejects challenge
Sep 15, 2026
Apollo Micro Systems Ltd. has clarified its position following a media report on an Andhra Pradesh High Court judgment concerning a defence tender challenge by an unsuccessful bidder. The company stressed that references to a “₹1 bid&#...
Apollo Micro Systems Schedules Investor and Analyst Meetings in Hyderabad
Sep 14, 2026
Apollo Micro Systems Ltd. has notified the stock exchanges that its officials will meet analysts, institutional investors, CIOs, and fund managers in physical meetings scheduled in Hyderabad on 17 and 18 September 2026. The company stated that dis...
Apollo Micro Systems Schedules Analyst and Investor Meetings in Hyderabad
Sep 14, 2026
Apollo Micro Systems Limited has scheduled physical meetings with analysts, institutional investors, CIOs and fund managers in Hyderabad on 17 and 18 September 2026. The interactions will focus solely on publicly available information, with the co...
Apollo Micro Systems to Engage Investors at Anand Rathi G-200 Summit 2026
Sep 14, 2026
Apollo Micro Systems Ltd. has notified the stock exchanges that its officials will participate in the Anand Rathi Annual Flagship Conference G-200 Summit 2026, scheduled as a physical event in Mumbai on 22 September 2026. The meetings will involve...
Apollo Micro Systems Sets September 30 Virtual AGM, Details E-Voting Framework
Sep 9, 2026
Apollo Micro Systems Ltd. has announced that its 29th Annual General Meeting will be held on 30 September 2026 at 2:00 p.m. via video conferencing or other audio-visual means, in line with provisions of the Companies Act and SEBI listing regulatio...
Apollo Micro Systems takes 34% stake in new defence tech venture Shauryastra Defence Systems
Aug 22, 2026
Apollo Micro Systems Ltd. has acquired a 34% stake in newly incorporated Shauryastra Defence Systems Private Limited, subscribing to 3,400 equity shares for Rs. 34,000, making the entity its associate in the defence and aerospace domain. Shauryast...
Apollo Micro Systems to Use Q1 FY27 Investor Deck at Analyst Meet
Aug 20, 2026
Apollo Micro Systems Ltd. has notified the stock exchanges that the investor presentation for the quarter ended June 30, 2026 will be used at its analyst and institutional investor meeting scheduled for August 20, 2026.The presentation, already fi...
Apollo Micro Systems Clears SEBI Step in Premier Explosives Open Offer
Aug 16, 2026
Apollo Micro Systems Ltd. has announced an update on its proposed open offer to acquire 26% of the equity shares of Premier Explosives Ltd. from public shareholders. The Securities and Exchange Board of India has issued final comments on the compa...
Apollo Micro Systems Files Q1 FY27 Earnings Call Transcript with Exchanges
Aug 10, 2026
Apollo Micro Systems Ltd. has notified the stock exchanges that it conducted its Q1 FY27 earnings conference call with investors on August 8, 2026, in line with SEBI’s listing and disclosure requirements. The company has released the officia...
Apollo Micro Systems posts investor call recording on quarterly performance
Aug 8, 2026
Apollo Micro Systems Ltd. has reported that it held an investor conference call on August 8, 2026 to discuss its operational and financial performance for the quarter ended June 30, 2026. The company has made the audio recording of this post-earni...
Apollo Micro Systems posts June-quarter 2026 investor presentation
Aug 8, 2026
Apollo Micro Systems Ltd. has released an investor presentation covering its earnings and performance for the quarter ended 30 June 2026, in line with disclosure requirements under SEBI’s listing regulations. The presentation, available on t...
Apollo Micro Systems posts record quarter, sharp growth and strategic defence expansion
Aug 8, 2026
Apollo Micro Systems reported strong financial momentum, highlighting a 70 percent year-on-year increase in revenue from operations, a 33 percent rise in EBITDA excluding other income and a 25 percent growth in profit after tax, alongside multi-ye...
Apollo Micro Systems Updates Investors, Highlights Premier Explosives Acquisition
Aug 8, 2026
Apollo Micro Systems Ltd. has issued a formal communication to shareholders via a letter from Managing Director Baddam Karunakar Reddy, with the company notifying both BSE and NSE about these general updates. The letter is positioned as part of Ap...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.