Apollo Micro Systems Ltd
NSE: APOLLO · Aerospace & Defense · sector
₹410.90NSE close 2026-10-26
Key numbers
Market cap₹15,269 cr
Price₹410.90
52w high / low₹466 / ₹180
P/E118.8xSector median 75.3x
P/B11.6xSector median 8.2x
Book value₹35.3
Dividend yield0.06%Sector median 0.15%
ROE12.7%Sector median 12.6%
ROCE11.6%Sector median 13.7%
OPM22.6%Sector median 20.9%
Debt / equity0.41xSector median 0.11x
EV/EBITDA67.7xSector median 59.6x
Interest cover4.6x
Current ratio1.90x
Sales growth 3y+44.9%Sector median +15.9%
Profit growth 3y+81.9%Sector median +32.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹156 cr vs borrowings ₹532 cr (FY26): borrowings are higher by ₹376 cr.
- Borrowings rose in each of the last 3 years (₹142 cr → ₹532 cr).
- Operating profit covered interest 4.6x in the last 12 months.
- 35.57% of the promoters' shares are pledged (17.8% of all shares).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 6% of net profit in the last 12 months.
- Debtor days went from 231 (FY24) to 194 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹410.90 on 2026-10-26: -11.9% from the 52-week high, +128.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹437.00 · low ₹91.22
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 161 | 148 | 162 | 134 | 225 | 252 | 293 | 251 |
| EBITDA | 33 | 38 | 36 | 41 | 59 | 50 | 68 | 54 |
| OPM % | 20.5% | 25.6% | 22.2% | 30.6% | 26.3% | 20.0% | 23.1% | 21.4% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 |
| Net profit | 16 | 18 | 14 | 19 | 31 | 26 | 38 | 27 |
| EPS (₹) | 0.52 | 0.60 | 0.46 | 0.56 | 0.93 | 0.69 | 1.09 | 0.75 |
| Revenue YoY | +40.2% | +70.0% | +81.3% | +88.1% | ||||
| Profit YoY | +98.2% | +40.6% | +170.9% | +45.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 243 | 298 | 372 | 562 | 904 | 1,022 |
| EBITDA | 46 | 61 | 84 | 129 | 218 | 231 |
| Net profit | 15 | 19 | 0 | 56 | 113 | 122 |
| EPS (₹) | 7.04 | 9.18 | 0.00 | 1.86 | 3.18 | 3.46 |
| Revenue growth | +22.3% | +24.9% | +51.2% | +60.9% | +69.1% | |
| Profit growth | +28.2% | -98.6% | +21,592.3% | +100.2% | +83.0% | |
| Dividend / share (₹) | 0.25 | 0.25 | 0.03 | 0.05 | 0.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +44.9% | +34.8% | +69.1% |
| Net profit | +81.9% | +61.6% | +83.0% |
| EPS | -29.8% | -8.4% | – |
| Share price | – | +102.7% (2y) | +32.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 383 | 519 | 607 | 1,313 |
| Borrowings | – | 142 | 198 | 331 | 532 |
| Cash & equivalents | – | 18 | 28 | 62 | 156 |
| Total assets | – | 693 | 956 | 1,299 | 2,369 |
| Fixed assets | – | 105 | 141 | 172 | 326 |
| Capital work in progress | – | 32 | 35 | 72 | 196 |
| Investments | – | 2 | 0 | 5 | 0 |
| Receivables | – | 147 | 235 | 238 | 481 |
| Inventory | – | 342 | 434 | 601 | 795 |
| Payables | – | 112 | 166 | 277 | 382 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 40 | -15 | -69 | 11 | -130 |
| Cash from investing | -24 | -35 | -61 | -95 | -357 |
| Cash from financing | -15 | 50 | 130 | 124 | 536 |
| Capex | 23 | 33 | 54 | 96 | 228 |
| Free cash flow | 16 | -49 | -123 | -85 | -357 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.9% | 0.0% | 9.3% | 8.6% |
| ROCE % | – | 9.8% | 10.4% | 12.5% | 11.0% |
| Debtor days | – | 180 | 231 | 155 | 194 |
| Inventory days | – | 594 | 612 | 553 | 478 |
| Payable days | – | 195 | 234 | 255 | 230 |
| Cash conversion cycle (days) | – | 579 | 609 | 453 | 442 |
| Working capital days | – | 337 | 376 | 294 | 319 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 49.98% |
| FIIs | 5.95% |
| DIIs | 1.49% |
| of which Mutual funds | 1.19% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 42.58% |
| Quarter | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.65% | 50.33% | 52.41% | 51.98% | 51.98% | 50.27% | 49.98% | 49.98% |
| Promoter group | % |
|---|---|
| Karunakar Reddy Baddam | 45.46% |
| Baddam Chanakya Reddy | 2.26% |
| Baddam Kanishka Reddy | 2.26% |
| Srilakshmi Reddy Vangeti | 0.00% |
| Public holders above 1% | % |
|---|---|
| Ebisu Global Opportunities Fund Limited | 2.69% |
4,24,721 shareholders. Pledged: 35.57% of promoter shares.
Peers in Aerospace & Defense
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HAL | ₹3,19,342 cr | 34.3x | 7.8x | 24.5% | 30.2% | 29.6% | +7.1% | 1.05% |
| BEL | ₹2,65,346 cr | 43.2x | 11.1x | 28.0% | 34.1% | 28.6% | +15.9% | 0.79% |
| BDL | ₹37,719 cr | 72.4x | 8.9x | 12.6% | 16.8% | 12.7% | -0.6% | 0.51% |
| GRSE | ₹21,411 cr | 26.7x | 8.2x | 34.0% | 41.2% | 11.1% | +39.8% | 0.95% |
| DATAPATTNS | ₹21,133 cr | 78.8x | 12.2x | 16.5% | 21.4% | 39.3% | +26.8% | 0.21% |
| AEQUS | ₹16,257 cr | – | 10.9x | -7.6% | 1.1% | 7.6% | – | – |
| APOLLO | ₹15,269 cr | 118.8x | 11.6x | 12.7% | 11.6% | 22.6% | +44.9% | 0.06% |
| ASTRAMICRO | ₹14,226 cr | 75.3x | 10.8x | 15.7% | 18.6% | 28.6% | +12.6% | 0.15% |
| ZENTEC | ₹13,947 cr | 77.1x | 7.4x | 10.3% | 14.6% | 32.6% | +46.5% | 0.13% |
| PARAS | ₹10,105 cr | 107.0x | 13.9x | 13.8% | 17.5% | 26.1% | +28.9% | 0.04% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-23 | Dividend | Dividend - Re 0.25 Per Share |
| 2025-09-08 | Dividend | Dividend - Re 0.25 Per Share |
| 2024-09-20 | Dividend | Dividend - Re 0.05 Per Share |
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2023-09-22 | Dividend | Dividend - Re 0.025 Per Share |
| 2023-05-04 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2022-09-08 | Dividend | Dividend - Rs 0.25 Per Share |
| 2021-09-16 | Dividend | Dividend - Rs 0.25 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2019-09-25 | Other | Annual General Meeting |
| 2018-11-15 | Dividend | Interim Dividend - Re 1 Per Share |
| 2018-09-12 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY21
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of Electronic Components: Computer, electronic, Communication and scientific measuring & control equipment
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Sub-industry | Aerospace & Defense |
| Symbol | APOLLO |
| BSE code | 540879 |
| ISIN | INE713T01028 |
| Face value | ₹1.0 |
| Incorporated | 1997-03-03 |
| Website | www.apollo-micro.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.