Apollo Micro Systems Ltd. (IN:APOLLO)
:APOLLO
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Apollo Micro Systems Ltd.
(APOLLO)
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Rating:60Neutral
Price Target:
₹198.00
▼(-27.19% Downside)
Action:ReiteratedDate:03/24/26
The score is supported primarily by strong financial performance, including rapid revenue growth and improving margins. However, the overall rating is pulled down by negative free cash flow, a clearly bearish technical trend (below major moving averages with negative MACD), and a very high P/E with minimal dividend yield.
Positive Factors
Robust revenue growth and improving margins
Sustained high revenue growth and rising gross and net margins indicate the company is scaling its engineered-defense offerings while improving pricing or cost structure. This trend supports durable profitability, funding for R&D/production, and structural competitiveness over the next several quarters.
Negative Factors
Negative free cash flow due to high capex
Persistent negative free cash flow driven by heavy capex limits financial flexibility, forcing reliance on external financing or equity to fund growth and production scale-up. Over a 2-6 month horizon this can constrain bidding agility, margin preservation, and capital allocation choices if capex remains elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust revenue growth and improving margins
Sustained high revenue growth and rising gross and net margins indicate the company is scaling its engineered-defense offerings while improving pricing or cost structure. This trend supports durable profitability, funding for R&D/production, and structural competitiveness over the next several quarters.
Read all positive factors
Apollo Micro Systems Ltd. (APOLLO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹65.10B
Dividend Yield0.09%
Average Volume (3M)1.19M
Price to Earnings (P/E)98.5
Beta (1Y)1.50
Revenue Growth39.76%
EPS Growth55.23%
CountryIN
Employees358
SectorTechnology
Sector Strength88
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.72
Shares Outstanding357,292,450
10 Day Avg. Volume522,593
30 Day Avg. Volume1,192,422
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)5.98
Price to Sales (P/S)6.46
P/FCF Ratio-42.69
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)4.6
Revenue Forecast (FY)₹12.64B
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 decode...
How the Company Makes Money
Apollo Micro Systems makes money primarily by executing project- and contract-based work for government/defence organizations and industrial customers, where revenue is recognized through the delivery of engineered electronic products, subsystems,...
Apollo Micro Systems Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.70B | 5.62B | 3.72B | 2.98B | 2.43B | 2.03B |
| Gross Profit | 1.92B | 1.28B | 884.04M | 666.85M | 445.64M | 522.37M |
| EBITDA | 1.78B | 1.32B | 702.31M | 616.92M | 462.77M | 390.30M |
| Net Income | 818.87M | 563.96M | 311.19M | 187.50M | 146.22M | 102.54M |
Balance Sheet | ||||||
| Total Assets | 17.82B | 12.99B | 9.56B | 6.93B | 5.99B | 5.32B |
| Cash, Cash Equivalents and Short-Term Investments | 674.02M | 624.78M | 275.44M | 2.49M | 3.43M | 1.28M |
| Total Debt | 3.61B | 3.35B | 2.08B | 1.44B | 1.16B | 1.17B |
| Total Liabilities | 7.04B | 6.92B | 4.37B | 3.08B | 2.79B | 2.26B |
| Stockholders Equity | 10.79B | 6.07B | 5.19B | 3.83B | 3.19B | 3.05B |
Cash Flow | ||||||
| Free Cash Flow | -3.81B | -850.37M | -1.32B | -488.92M | 205.70M | -162.31M |
| Operating Cash Flow | -1.90B | 112.73M | -784.91M | -154.78M | 439.99M | 61.90M |
| Investing Cash Flow | -2.57B | -952.43M | -588.82M | -347.57M | -249.84M | -226.66M |
| Financing Cash Flow | 4.24B | 1.24B | 1.37B | 509.51M | -187.99M | 165.15M |
Apollo Micro Systems Ltd. Technical Analysis
Negative
271.95
Price Trends
225.74
Negative
243.48
Negative
243.35
Negative
Market Momentum
-11.38
Positive
33.82
Neutral
23.71
Neutral
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 above the 20-day moving average (MA) of 205.37, above the 50-day MA of 225.74, and above the 200-day MA of 243.35, indicating a bearish trend. The MACD of -11.38 indicates Positive momentum. The RSI at 33.82 is Neutral, neither overbought nor oversold. The STOCH value of 23.71 is Neutral, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹106.71B | 53.56 | ― | ― | 12.06% | 16.16% | |
63 Neutral | ₹21.59B | 73.43 | ― | ― | 9.86% | 21.38% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹65.10B | 98.55 | ― | 0.09% | 39.76% | 55.23% | |
60 Neutral | ₹62.04B | 44.93 | ― | ― | 46.80% | 201.41% | |
59 Neutral | ₹64.93B | 50.75 | ― | ― | 11.17% | 90.62% | |
55 Neutral | ₹40.76B | -13.94 | ― | 0.25% | 10.29% | ― |
* Technology Sector Average
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Apollo Micro Systems Ltd. Corporate Events
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 ...
Apollo Micro Systems to Use Existing Q3 FY2026 Deck for Investor Meetings
Feb 10, 2026
Apollo Micro Systems Limited has notified the stock exchanges that upcoming interactions with analysts and institutional investors will use its existing Q3 FY2026 investor presentation. The presentation, already disclosed to the exchanges and host...
Apollo Micro Systems posts strong Q3 FY26 unaudited results, publishes newspaper extracts
Feb 10, 2026
Apollo Micro Systems has published extracts of its consolidated and standalone unaudited financial results for the quarter and nine months ended 31 December 2025 in leading English and Telugu newspapers, in compliance with SEBI’s listing and...
Apollo Micro Systems Subsidiary Wins ₹4,208.96 Million Explosives Orders
Dec 31, 2025
Apollo Micro Systems Limited announced that its step-down subsidiary, IDL Explosives Limited, has secured a running contract to supply bulk explosives to subsidiaries of Coal India Limited worth INR 4,193.96 million, along with an additional expor...
Apollo Micro Systems Wins INR 1002.47 Million Defence UAS Orders
Dec 26, 2025
Apollo Micro Systems Limited has secured orders worth INR 1,002.47 million from a private company for the supply of Unmanned Aerial Systems destined for the Ministry of Defence. The contracts, to be executed within four months in the normal course...
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.