Apollo Micro Systems Ltd. (APOLLO) AI Stock Analysis

• Market Cap: ₹96.39B
• Dividend Yield: 0.09%
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): 135.0
• Beta (1Y): 1.27
• Revenue Growth: 49.19%
• EPS Growth: 51.10%
• Country: IN
• Employees: 358
• Sector: Technology
• Sector Strength: 88
• Industry: Aerospace & Defense
• EPS (TTM): 0.56
• Shares Outstanding: 333,532,440
• 10 Day Avg. Volume: 522,593
• 30 Day Avg. Volume: 1,192,422
• PEG Ratio: 1.29
• Price to Book (P/B): 5.98
• Price to Sales (P/S): 6.46
• P/FCF Ratio: -42.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 59 Neutral
• Price Target: ₹289.00 ▲(3.81% Upside)

Apollo Micro Systems Ltd. shows strong financial performance with robust revenue growth and improving profitability. However, the technical analysis indicates bearish momentum, and the high P/E ratio suggests the stock is overvalued, which could limit potential gains. The lack of earnings call and corporate events data means these factors did not influence the score.

Apollo Micro Systems Ltd. Business Overview & Revenue Model

Company Description

Apollo Micro Systems Limited designs, develops, assembles, and tests electronic and electro-mechanical solutions in India. The company provides DSP products, missile hardware simulators, integrated avionics modules, generic PCM encoders and decoders, DSSS de-modulators, seeker electronics, RPF and signal processing systems, turret control and power units, missile interface units, launcher controllers, launcher interface units, tiger sharc DSP-signal processors, quad actuator controllers, fault tolerant and system relay boxes, and DSP controllers. It offers ESM-eagle kit, embedded arss, PSU, and auxiliary controllers; and integrated payload checkout systems, satellite data simulators, high speed frame synchronizers, time code readers/generators, bit synchronizers, monopulse tracking receivers, PCIE-HSDR systems, PCM-two channel decommutators, PCIe based two channel data acquisition cards, and PCI-X based two channel serial data acquisition cards. It also offers avionics solutions; public address display systems, warning systems, vehicle tracking solutions and command control solutions, mine management systems, weight-in-motion systems, tyre care products, passenger information systems, and station announcement systems; Ethernet, base band modules, converters, USB/Ethernet protocol converters, dual data bus couplers, data bus solutions, and various formulas; and solar street lighting, CCTV surveillance, vehicle tracking, boom barrier, RFID fleet management, UAV detecting and jamming, GSM interception, Wi-Fi interception, lawful interception, and portable x-ray inspection systems, as well as passenger information displays, wall radar, reactive convoy and stationary jammers, and portable and stationary bomb jammers. The company provides electronic manufacturing, hardware design, IT and software, and electronic and mechanical CAD services; and weapon, platform, and other system integration services. The company was incorporated in 1985 and is based in Hyderabad, India.

How the Company Makes Money

Apollo Micro Systems generates revenue primarily through the sale of its electronic systems and solutions to defense and aerospace organizations, including contracts with the Indian government and defense public sector undertakings. The company operates on a project-based revenue model, which allows it to earn income from long-term contracts and one-time project deliveries. Key revenue streams include defense electronics, avionics, and embedded systems, which are often customized to meet specific client requirements. Additionally, APOLLO may benefit from partnerships with other defense manufacturers or technology firms, enhancing its capabilities and expanding its market reach. Factors contributing to its earnings include government defense spending, technological advancements in the aerospace sector, and the company's ability to innovate and deliver high-quality products in a competitive environment.

Apollo Micro Systems Ltd. Financial Statement Overview

Summary

Apollo Micro Systems Ltd. shows strong revenue growth and improved profitability, with a notable increase in net profit margin from 6% to 10%. The balance sheet is stable despite increased leverage, and cash flow management is improving, though high capital expenditures impact free cash flow.

Income Statement

Apollo Micro Systems Ltd. has demonstrated robust revenue growth, increasing from 2,431 million in 2022 to 5,649 million in 2025. The company has maintained a healthy gross profit margin, reaching approximately 22.7% in 2025. Notably, the net profit margin improved significantly, rising from 6% in 2022 to 10% in 2025, indicating improved profitability. EBIT and EBITDA margins also show healthy growth, highlighting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio indicates moderate leverage, with total debt rising but remaining manageable in relation to equity. Stockholders' equity increased, reflecting a strong equity position. However, the equity ratio slightly declined due to the increase in total assets, suggesting a more leveraged balance sheet over time. Return on equity has improved, enhancing shareholder value.

Cash Flow

Operating cash flow has improved from negative to positive, showing signs of operational efficiency. However, the free cash flow remains negative, impacted by significant capital expenditures, which could pose a risk if not managed carefully. The company has a strong operating cash flow to net income ratio, indicating effective cash generation relative to reported earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.05B	5.62B	3.72B	2.98B	2.43B	2.03B
Gross Profit	1.65B	1.28B	884.04M	666.85M	445.64M	522.37M
EBITDA	1.46B	1.32B	702.31M	616.92M	462.77M	390.30M
Net Income	664.77M	563.96M	311.19M	187.50M	146.22M	102.54M
Balance Sheet
Total Assets	0.00	12.99B	9.56B	6.93B	5.99B	5.32B
Cash, Cash Equivalents and Short-Term Investments	402.70M	624.78M	275.44M	2.49M	3.43M	1.28M
Total Debt	0.00	3.35B	2.08B	1.44B	1.16B	1.17B
Total Liabilities	-6.08B	6.92B	4.37B	3.08B	2.79B	2.26B
Stockholders Equity	6.08B	6.07B	5.19B	3.83B	3.19B	3.05B
Cash Flow
Free Cash Flow	0.00	-850.37M	-1.32B	-488.92M	205.70M	-162.31M
Operating Cash Flow	0.00	112.73M	-784.91M	-154.78M	439.99M	61.90M
Investing Cash Flow	0.00	-952.43M	-588.82M	-347.57M	-249.84M	-226.66M
Financing Cash Flow	0.00	1.24B	1.37B	509.51M	-187.99M	165.15M

Apollo Micro Systems Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 278.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 278.4 is below the 20-day moving average (MA) of 299.85, below the 50-day MA of 301.41, and above the 200-day MA of 187.28, indicating a neutral trend. The MACD of -7.64 indicates Positive momentum. The RSI at 39.31 is Neutral, neither overbought nor oversold. The STOCH value of 12.74 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CYIENTDLM	―	₹36.73B	44.97	―	―	9.86%	21.38%
MTARTECH	―	₹78.33B	132.15	―	―	26.57%	47.42%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AVALON	―	₹74.69B	92.60	―	―	46.95%	326.05%
APOLLO	―	₹96.39B	135.00	―	0.09%	49.19%	51.10%
AXISCADES	―	₹64.56B	81.89	―	―	9.02%	68.70%
CENTUM	―	₹37.16B	530.87	―	0.24%	8.64%	―

Apollo Micro Systems Ltd. Corporate Events

Apollo Micro Systems Announces Trading Window Closure

Apollo Micro Systems Limited has announced the closure of its trading window in compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015. This closure will be in effect from October 1, 2025, until 48 hours after the announcement of the company’s unaudited financial results for the quarter and half-year ending September 30, 2025. This move is aimed at preventing insider trading by restricting directors, promoters, designated persons, insiders, and their immediate relatives from dealing in the company’s shares during this period.

Apollo Micro Systems Schedules Analyst Meeting and Plant Visit

Apollo Micro Systems Ltd. has announced a scheduled meeting with analysts and institutional investors at its Hyderabad office on September 15, 2025. The meeting, organized by ICICI Securities, will include a group meeting and plant visit under the event name ‘Defence Yatra’. The company has clarified that discussions will be based solely on publicly available information, with no unpublished price-sensitive information being disclosed. This event reflects Apollo Micro Systems’ ongoing efforts to maintain transparency with stakeholders and strengthen its position in the defense and aerospace sectors.

Apollo Micro Systems Schedules Investor Meeting and Plant Visit

Apollo Micro Systems Ltd. has announced a scheduled meeting with analysts and institutional investors at its registered office in Hyderabad. The meeting, set for August 23, 2025, will include a group meeting and plant visit, with discussions based on publicly available information. No unpublished price sensitive information will be shared, ensuring compliance with regulatory requirements. This engagement reflects the company’s commitment to transparency and maintaining strong relationships with stakeholders.