As of 6 Nov 2026, Apollo Micro Systems trades at 108.3× trailing earnings, above the industry P/E of 54.7×, and the shares are 11% below their 52-week high. Sales and net profit grew 45% and 82% a year over 3 years; its ROCE of 13% is the second-lowest among the 7 largest Aerospace & Defense peers. Debt is 0.44× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹15,371 Cr, ranked 10th of 27 Aerospace & Defense companies by market cap; the shares rose 56% over the past year.
- ₹426.00
- ₹428.20
- ₹410.95
- ₹434.65
- 69.8 L
Health check
- ReturnsAhead
+56.4% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 108.3 vs industry 54.7.
- GrowthStrong
Sales +44.8%, profit +81.9% a year over 3 years.
- ProfitabilityWeak
ROCE 13.0% vs peer median 20.4%.
- Balance sheetFair
Debt 0.44× equity, interest covered 4.9×, Piotroski 5 of 9.
- Red flags2 to check
P/E of 108.3 against an industry P/E of 54.7.
Small cap
High beta
Key metrics
- Market cap
- ₹15,371 Cr
- Small cap
- P/E
- 108.3
- Industry 54.7
- Price to book
- 9.99
- Peers 9.16
- Dividend yield
- 0.06%
- ROE
- 10.1%
- Peers 23.2%
- ROCE
- 13.0%
- Peers 20.4%
- Debt to equity
- 0.44
- Debt ₹663 Cr
- EPS (TTM)
- ₹3.82
- Face value ₹1
- OPM (TTM)
- 21.5%
- Net margin 11.7%
- Sales growth
- +72.3%
- Latest quarter vs a year ago
- Profit growth
- +50.0%
- Latest quarter vs a year ago
- Price to sales
- 12.97
- EV/EBITDA 54.2
Strengths and risks
Strengths
- Quarterly profit up 50.0% on a year ago.
- Quarterly sales up 72.3% on a year ago.
Risks to check
- P/E of 108.3 against an industry P/E of 54.7.
- Promoter stake down from 52.0% to 50.0%.
About Apollo Micro Systems
Apollo Micro Systems Limited designs, develops, and assembles electronic and electromechanical solutions in India. The company offers actuation systems, AI engines, avionics, avionic bus products, automated test equipment, communication systems, composite systems, ground support equipment, navigation systems, power supply systems, RF systems, satellite data handling, sonar systems, telemetry, and warhead and propulsion systems. It also provides hardware…
- Headquarters
- Hyderabad
- Employees
- 434
- Sector
- Industrials
- ISIN
- INE713T01028
- Website
- apollo-micro.com
Price range
- Avg volume (3M)
- 81.7 L
- 1-year return
- plus 56.4%
- From 52-week high
- minus 11.3%
Peers · Aerospace & Defense
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HALHindustan Aeronautics | 4,980.00 | minus 1.25% | 3,33,050 | 35.7 | 28.5 | 13.8% | 25.3% | 0.00 | 6.4% | plus 7.6% |
| BELBharat Electronics | 396.00 | plus 0.23% | 2,89,467 | 45.3 | 33.7 | 31.9% | 28.2% | 0.00 | 15.5% | minus 4.8% |
| MAZDOCKMazagoan Dock Shipbuilders | 1,840.00 | plus 0.05% | 74,222 | 30.3 | 21.9 | 28.5% | 16.2% | 0.08 | 19.6% | minus 31.5% |
| BDLBharat Dynamics | 1,060.00 | minus 1.40% | 38,856 | 74.6 | 152.1 | 7.2% | 12.8% | 0.00 | −0.9% | minus 27.4% |
| COCHINSHIPCochin Shipyard | 1,220.00 | minus 1.05% | 32,096 | 47.2 | 30.3 | 16.7% | 12.6% | 0.28 | 26.9% | minus 30.3% |
| GRSEGarden Reach Shipbuilders & Engineers | 2,135.70 | minus 0.07% | 24,465 | 30.6 | 25.8 | 36.8% | 11.0% | 0.01 | 40.0% | minus 16.4% |
| DATAPATTNSData Patterns (India) | 3,767.70 | minus 4.85% | 21,093 | 87.8 | 54.8 | 20.4% | 39.6% | 0.00 | 26.8% | plus 46.6% |
| APOLLOApollo Micro Systems | 413.65 | minus 4.83% | 15,371 | 108.3 | 70.2 | 13.0% | 21.5% | 0.44 | 44.8% | plus 56.4% |
| Median of 7 peers | – | −1.05% | 38,856 | 45.3 | 30.3 | 20.4% | 16.2% | 0.00 | 19.6% | −16.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 134 | – | 252 | 293 | 251 | 388 | |
| 97.1 | – | 208 | 233 | 205 | 285 | |
| 36.4 | – | 44.3 | 60.7 | 46.1 | 104 | |
| 27.3% | – | 17.6% | 20.7% | 18.4% | 26.7% | |
| 0.9 | – | 0.9 | 3.2 | 2.2 | 3.5 | |
| 12 | – | 13.6 | 9.1 | 10.7 | 14.6 | |
| 25.3 | – | 31.6 | 54.8 | 37.7 | 92.5 | |
| 30.1% | – | 27.5% | 32.9% | 33.1% | 50.1% | |
| 18.5 | – | 25.7 | 37.6 | 26.9 | 48.4 | |
| – | 0.91 | 0.68 | 1.08 | 0.75 | 1.32 |
Profit & loss
- Sales CAGR 3Y
- +44.8%
- Profit CAGR 3Y
- +81.9%
- EPS CAGR 3Y
- +75.5%
- ROE
- 10.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 298 | 372 | 562 | 904 | |
| – | +24.9% | +51.2% | +60.9% | |
| 246 | 288 | 432 | 679 | |
| 51.3 | 84 | 130 | 225 | |
| 17.3% | 22.6% | 23.1% | 24.9% | |
| 3.2 | −13.7 | −11.1 | −7.4 | |
| 12 | 14.9 | 20.9 | 39.9 | |
| 10.4 | 11.3 | 15.3 | 22.3 | |
| −3.2 | – | – | −0.9 | |
| 29 | 44.1 | 82.5 | 155 | |
| 35.3% | 29.5% | 31.7% | 30.6% | |
| 18.8 | 31.1 | 56.4 | 113 | |
| – | +66.0% | +81.2% | +100.2% | |
| 0.61 | 1.17 | 1.86 | 3.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.8 | 28.2 | 30.6 | 35.7 | |
| 363 | 490 | 576 | 1,277 | |
| 144 | 208 | 335 | 543 | |
| 165 | 230 | 357 | 512 | |
| 693 | 956 | 1,299 | 2,368 | |
| 139 | 180 | 257 | 540 | |
| 33.2 | 37.6 | 80.6 | 213 | |
| – | – | – | 0.2 | |
| 0.2 | 0.2 | 40.3 | 89.5 | |
| 520 | 738 | 921 | 1,526 | |
| 693 | 956 | 1,299 | 2,368 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −16.3 | −75.8 | 10.2 | −130 | |
| −34.8 | −60.4 | −91.3 | −357 | |
| 51 | 136 | 121 | 536 | |
| −0.1 | −0.1 | 40.1 | 49.2 | |
| −33.4 | −55.5 | −92.2 | −228 | |
| −49.7 | −131 | −82 | −357 | |
| −0.5 | −0.6 | −1.5 | −8.3 |
Shareholding pattern
- Promoters49.98%
- Public50.02%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 49.98% | 50.02% | 0.00 | |
| 30 Jun 2026 | 49.98% | 50.02% | minus 0.29 | |
| 17 Jun 2026 | 50.27% | 49.73% | minus 1.71 | |
| 31 Mar 2026 | 51.98% | 48.02% | 0.00 | |
| 31 Dec 2025 | 51.98% | 48.02% | – |
Major shareholders
Filings & events
News
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