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Apollo Micro Systems Ltd. (APOLLO) AI Stock Analysis

IN:APOLLO

Apollo Micro Systems Ltd.

(NSE:APOLLO)

Select Model
Rating:66Neutral
Price Target:INR 444.00â–²(11.32% Upside)
Action:reiterated
Date:10/27/26

Robust financial performance with strong growth metrics is the primary driver, bolstered by favorable technical trends, while high valuation metrics limit upside potential.

Positive Factors
Strong Revenue GrowthSustained revenue expansion demonstrates increasing execution across Apollo’s customer programs and product portfolio. Scaling from roughly 2.0B to 9.0B over five years provides a stronger platform for operating leverage, reinvestment, and continued participation in growing electronics requirements.
Negative Factors
Weak Cash ConversionPersistent negative operating and free cash flow indicates that reported earnings are not converting into liquidity at the same pace. This can constrain internally funded growth, increase dependence on external financing, and make execution more sensitive to project timing and collections.

Apollo Micro Systems Ltd. (APOLLO) vs. iShares MSCI India ETF (INDA)

-40%-20%0%20%40%60%80%IN:APOLLO+43.61%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 148.18B
Dividend Yield
0.06%
Average Volume (3M)
579.75K
Price to Earnings (P/E)
104.1
Beta (1Y)
1.96
Revenue Growth
77.12%
EPS Growth
46.48%
Country
India
Employees
434
Sector
General
Sector Strength
55
Industry
Aerospace & Defense

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 pr...

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 stre...

Apollo Micro Systems Ltd. Financial Statement Overview

Summary

Strong revenue growth and profitability improvements in income statement, solid balance sheet with growing equity, though negative cash flows pose liquidity risks.

Income Statement

85Very Positive

Balance Sheet

75Positive

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue11.85B9.04B5.62B3.72B2.98B2.43B
Gross Profit3.31B2.37B1.28B884.04M666.85M445.64M
EBITDA2.79B2.24B1.32B702.31M616.92M462.77M
Net Income1.39B1.13B563.96M311.19M187.50M146.22M
Balance Sheet
Total Assets29.40B23.69B12.99B9.56B6.93B5.99B
Cash, Cash Equivalents and Short-Term Investments2.24B1.56B624.78M275.44M2.49M3.43M
Total Debt6.63B5.43B3.35B2.08B1.44B1.16B
Total Liabilities14.30B10.60B6.92B4.37B3.08B2.79B
Stockholders Equity15.19B13.13B6.07B5.19B3.83B3.19B
Cash Flow
Free Cash Flow0-4.00B-850.37M-1.32B-488.92M205.70M
Operating Cash Flow0-1.73B112.73M-784.91M-154.78M439.99M
Investing Cash Flow0-3.61B-952.43M-588.82M-347.57M-249.84M
Financing Cash Flow05.83B1.24B1.37B509.51M-187.99M

Apollo Micro Systems Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price398.85

Price Trends

50DMA398.77Positive
100DMA400.82Negative
200DMA333.26Positive

Market Momentum

MACD2.95Positive
RSI48.11Neutral
STOCH58.59Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APOLLO, the sentiment is Neutral. The current price of 398.85 is below the 20-day moving average (MA) of 406.87, above the 50-day MA of 398.77, and above the 200-day MA of 333.26, indicating a neutral trend. The MACD of 2.95 indicates Positive momentum. The RSI at 48.11 is Neutral, neither overbought nor oversold. The STOCH value of 58.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:APOLLO.

Apollo Micro Systems Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:APOLLO against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:DATAPATTNSIN:DATAPATTNS72OutperformINR 212.74B79.41―0.26%33.81%24.90%
IN:BELIN:BEL69NeutralINR 2.70T44.03―0.68%20.28%12.34%
IN:PARASIN:PARAS67NeutralINR 100.72B96.73―0.08%41.68%48.10%
IN:APOLLOIN:APOLLO66NeutralINR 148.21B104.11―0.06%77.12%46.48%
IN:ZENTECIN:ZENTEC62NeutralINR 143.29B79.26―0.06%-23.50%-29.04%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:DCXINDIAIN:DCXINDIA44NeutralINR 14.81B-72.10――-46.54%-151.08%

* General Sector Average

Performance Comparison

0%50%100%IN:APOLLOIN:BELIN:DATAPATTNSIN:DCXINDIAIN:PARASIN:ZENTECDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:APOLLO and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:APOLLOApollo Micro Systems Ltd.398.85120.6243.35%
IN:BELBharat Electronics Limited369.10-50.79-12.10%
IN:DATAPATTNSData Patterns (India) Limited3800.001057.4338.56%
IN:DCXINDIADCX Systems Limited132.95-92.50-41.03%
IN:PARASParas Defence & Space Technologies Ltd.1249.85550.3878.69%
IN:ZENTECZen Technologies Limited1587.00173.2912.26%

Apollo Micro Systems Ltd. Corporate Events

Apollo Micro Systems Schedules CNBC Awaaz Interview Under SEBI Disclosure Norms

Oct 26, 2026

Apollo Micro Systems Ltd. has announced that Whole Time Director – Operations, Addepalli Krishna Sai Kumar, will appear as a guest on CNBC Awaaz’s “Know Your Company” show on Tuesday, 27 October 2026, at 1:25 p.m. The intervie...

Apollo Micro Systems Director to Feature on NDTV Profit, Reaffirming SEBI-Compliant Disclosures

Oct 26, 2026

Apollo Micro Systems Ltd. has announced that Whole Time Director–Operations, Addepalli Krishna Sai Kumar, will participate in a televised interview on NDTV Profit’s KYC show. The interview will be recorded on October 27, 2026 and telecast...

Apollo Micro Systems posts strong FY27 first-half growth, reinforces defence focus

Oct 24, 2026

Apollo Micro Systems Ltd. has issued a letter from Managing Director Baddam Karunakar Reddy to shareholders, outlining strong financial performance for Q2 FY27 and H1 FY27. The communication highlights revenue of ₹388.15 crore, EBITDA of &#8377...

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, l...

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 conducted...

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. The...

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’s...

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, alrea...

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 indigenous...

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 in...

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&#822...

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 discus...

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 compa...

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 in...

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 regulations....

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. Shauryastra...

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 filed...

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 company&...

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 official t...

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-earnings...

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 the...

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-year...

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 Apoll...

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.

Date of analysis: Oct 27, 2026