Apollo Micro Systems Ltd. (IN:APOLLO)
:APOLLO
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Apollo Micro Systems Ltd.
(APOLLO)
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Rating:60Neutral
Price Target:
₹458.00
▲(68.41% Upside)
Action:Reiterated
Date:06/03/26
The score is primarily held back by weak cash generation (negative operating and free cash flow, worsening in FY2026) and an expensive valuation (P/E 133.57), despite strong reported growth in revenue and net income. Technicals are supportive due to a strong uptrend, but overbought signals add near-term risk.
Positive Factors
Sustained Revenue Momentum
Multi-year revenue expansion to ~9B demonstrates durable demand for the company’s defence and aerospace systems. Large program wins and scale support recurring orders, stronger supplier leverage, and the ability to amortize fixed costs across higher volumes, aiding long-term growth.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow erodes internal funding capacity and increases reliance on external capital. Over months this limits flexibility to fund working capital, invest in capacity, or absorb program timing shocks without higher financing costs or covenant risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Momentum
Multi-year revenue expansion to ~9B demonstrates durable demand for the company’s defence and aerospace systems. Large program wins and scale support recurring orders, stronger supplier leverage, and the ability to amortize fixed costs across higher volumes, aiding long-term growth.
Read all positive factors
Apollo Micro Systems Ltd. (APOLLO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹145.29B
Dividend Yield0.09%
Average Volume (3M)1.19M
Price to Earnings (P/E)124.4
Beta (1Y)1.68
Revenue Growth60.89%
EPS Growth73.08%
CountryIN
Employees358
SectorTechnology
Sector Strength88
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.55
Shares Outstanding357,292,450
10 Day Avg. Volume522,593
30 Day Avg. Volume1,192,422
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)4.3
Revenue Forecast (FY)₹13.99B
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 makes money mainly by executing contracts for the design, development, manufacture/supply, and integration of electronic systems and subsystems used in defence and aerospace programs. Revenue is typically generated through: (1...
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 | 6.70B | 9.04B | 5.62B | 3.72B | 2.98B | 2.43B |
| Gross Profit | 1.92B | 2.37B | 1.28B | 884.04M | 666.85M | 445.64M |
| EBITDA | 1.78B | 2.18B | 1.32B | 702.31M | 616.92M | 462.77M |
| Net Income | 818.87M | 1.13B | 563.96M | 311.19M | 187.50M | 146.22M |
Balance Sheet | ||||||
| Total Assets | 17.82B | 23.69B | 12.99B | 9.56B | 6.93B | 5.99B |
| Cash, Cash Equivalents and Short-Term Investments | 674.02M | 1.56B | 624.78M | 275.44M | 2.49M | 3.43M |
| Total Debt | 3.61B | 5.43B | 3.35B | 2.08B | 1.44B | 1.16B |
| Total Liabilities | 7.04B | 10.60B | 6.92B | 4.37B | 3.08B | 2.79B |
| Stockholders Equity | 10.79B | 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
Positive
271.95
Price Trends
299.93
Positive
265.88
Positive
271.70
Positive
Market Momentum
35.06
Negative
63.65
Neutral
53.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APOLLO, the sentiment is Positive. The current price of 271.95 is below the 20-day moving average (MA) of 369.13, below the 50-day MA of 299.93, and above the 200-day MA of 271.70, indicating a bullish trend. The MACD of 35.06 indicates Negative momentum. The RSI at 63.65 is Neutral, neither overbought nor oversold. The STOCH value of 53.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:APOLLO.
Apollo Micro Systems Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹145.29B | 124.40 | ― | 0.09% | 60.89% | 73.08% | |
59 Neutral | ₹217.19B | 230.63 | ― | ― | 29.62% | 77.81% | |
57 Neutral | ₹107.24B | 94.94 | ― | ― | 45.99% | 76.41% | |
57 Neutral | ₹34.46B | 47.09 | ― | ― | -16.99% | 7.60% | |
53 Neutral | ₹78.51B | 109.25 | ― | ― | 12.44% | -4.63% | |
53 Neutral | ₹48.76B | -31.46 | ― | 0.25% | 6.93% | -2481.56% |
* Technology Sector Average
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Apollo Micro Systems Ltd. Corporate Events
Apollo Micro Systems Wins Lifetime Licence for Strategic Arms Manufacturing
Apr 17, 2026
Apollo Micro Systems Ltd. has received a lifetime arms manufacturing licence from the Government of India’s Department for Promotion of Industry and Internal Trade, authorising it to produce, assemble, integrate and proof-test a range of hig...
Apollo Micro Systems Plans Institutional Investor Meets and Plant Visit in Hyderabad
Mar 6, 2026
Apollo Micro Systems Ltd. has scheduled a series of institutional investor and analyst interactions in Hyderabad on March 11, 13 and 16, 2026, comprising group meetings, one-on-one discussions and a plant visit. The company said only its published...
Apollo Micro Systems Schedules March Institutional Investor Meets in Hyderabad
Mar 6, 2026
Apollo Micro Systems Ltd., the Hyderabad-based listed technology and engineering solutions company, has announced a series of investor and analyst interactions to be held in mid-March 2026. These meetings underscore the company’s engagement ...
Apollo Micro Systems Plans Investor Meetings and Plant Visit in Hyderabad
Mar 6, 2026
Apollo Micro Systems Ltd. has scheduled a series of physical meetings with institutional investors, analysts, CIOs and fund managers in Hyderabad on March 11, 13 and 16, 2026, which will include group sessions, one-on-one interactions and a plant ...
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.