📌 At a Glance
Apollo Micro Systems has grown from a ₹200 crore electronics supplier into a ₹5,800 crore market cap defence-electronics player. But with aP/E of 103,ROE under 11%, andpromoter pledging at 48%, this stock is a case study in“growth hai, par risk bhi full hai.”
It’s up 146% in 3 years. But should it have been?
🧰 About the Company
- Industry:Defence electronics, aerospace, embedded systems
- Core Biz:Design, development, and integration of mission-critical systems for Indian defence and aerospace
- Founded:Hyderabad-based, with over 700 onboard techs, 150 indigenous programs, and key partnerships with DRDO/ISRO/HAL
- New Focus Areas:Missile electronics, rugged systems, electro-mechanical components, and — surprise — recently acquiredIDL Explosives
🛠️ Products & Services
- PCB Fabrication & Assembly
- Embedded System Design
- Electro-mechanical Integration
- Host Interface Solutions
- Custom-built Defence Electronics
Basically, they make the “brains” and “wiring” for India’s defence tech — but aren’t makingbrainy profitsyet.
📊 Financial Performance (FY21–FY25)
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue (₹ Cr) | 203 | 243 | 298 | 372 | 562 |
| Net Profit (₹ Cr) | 10 | 15 | 19 | 32 | 57 |
| EPS (₹) | 0.49 | 0.70 | 0.92 | 1.12 | 1.87 |
| EBITDA Margin % | 19% | 19% | 22% | 23% | 23% |
| ROE % | 8% | 9% | 11% | 12% | 10% |
| P/E Ratio | 103 😬 |
⚠️EduNote:Revenue CAGR is solid, but EPS is crawling. Defence contracts may take years to convert to profits — unless they start delivering on margin improvement.
📈 Growth Snapshot
| Metric | CAGR (3Y) | CAGR (5Y) |
|---|---|---|
| Revenue | 32% | 18% |
| Net Profit | 57% | 33% |
| Stock Price | 146% | 82% |
Yes, price ran faster than profits. Welcome to smallcap defence euphoria. 🛡️💥
🧾 Shareholding
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