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New Order

Apollo Micro Systems Secures ₹213.39 Crore Orders from DRDO and Defence PSUs

Apollo Micro Systems has secured cumulative order wins totaling ₹213.39 Crore from prestigious government and private entities. These contracts, awarded in the ordinary course of business, underline the company's expanding footprint in the high-growth domestic defence electronics market.

Detailed macro shot of a blue circuit board with multiple microchips and electronic components. Stock photo illustrating Apollo Micro Systems' new order story.
Photo: Ivan Chumak / Pexels
Key numbers
Market Cap ₹14,167 CrCap size
Revenue TTM ₹904.32 CrOperating
PE Ratio 125.46Valuation
Order fromDRDO, Defence PSUs, and Private Industries
Deal value₹213.39 Cr
Share of market cap1.5%
Share of annual revenue23.6%

Key highlights

  • Total order value stands at ₹213.39 Crore (INR 2133.91 Million)
  • Primary clients include the Defence Research and Development Organisation (DRDO) and Defence PSUs
  • The awards also encompass work orders from various private industry players
  • Company reported a robust 81.28% YoY quarterly revenue growth in its latest results
  • Net profit for the latest quarter surged by 168.64% YoY to reach ₹37.62 Crore

Details of the New Order Wins

Apollo Micro Systems Limited has secured new work orders totaling INR 2133.91 Million, which converts to approximately ₹213.39 Crore. These contracts have been awarded by the Defence Research and Development Organisation (DRDO), various Defence Public Sector Undertakings (PSUs), and several private sector industries. The company noted that these acquisitions occurred within the ordinary course of business.

While specific project timelines were not detailed in the exchange filing, these wins represent a significant addition to the company's existing project pipeline and reinforce its role as a key electronics and electromechanical partner for national strategic programs.

Strategic and Business Impact

These order wins significantly strengthen Apollo Micro Systems' revenue visibility, following a 61.18% annual revenue growth reported in the previous fiscal year. Securing contracts from DRDO and Defence PSUs provides a steady inflow of high-value projects that often lead to long-term maintenance and upgrade opportunities. The inclusion of private sector industries also demonstrates the company’s ability to diversify its client base beyond government-funded projects.

This consistent win rate in the competitive aerospace and defence segment supports the company’s strategic aim to capitalize on India’s rising defence indigenisation drive.

Core Business Overview

  • Specializes in the design, development, and assembly of high-performance critical electronics for aerospace and defence.
  • Maintains a diverse portfolio including onboard systems for missiles, underwater electronics, and ground support equipment.
  • Operates as a crucial link in the domestic defence supply chain through in-house research and development.
  • Serves the stringent technical requirements of the Indian armed forces and strategic governmental organizations.
  • Focuses on electromechanical solutions and engineering services for space and industrial applications.

Financial Performance and Market Context

Financially, Apollo Micro Systems is characterized as an expensive performer with a Durability score of 65 and a Valuation score of 24.5. The company has demonstrated explosive growth, with quarterly net profits rising by 168.64% year-on-year. The stock has delivered a 129.42% return over the past year, significantly outperforming broader market averages.

Investor interest remains high, particularly from Foreign Institutional Investors (FIIs), who increased their stake by 3.96% in the most recent quarter. However, the current Price-to-Earnings ratio of 125.46 indicates that the market has already factored in significant future growth expectations.

Apollo Micro Systems · share price, past month
Apollo Micro Systems · financial snapshot
Share price₹396.5
Market capitalisation₹14,167.16 Cr
Revenue (annual)₹904.32 Cr
Net profit (annual)₹112.92 Cr
Revenue (latest quarter)₹293.26 Cr+16.27% vs previous quarter
Net profit (latest quarter)₹37.62 Cr+46.51% vs previous quarter
P/E (TTM)125.46×Sector 58.54×
Promoter holding49.98%-2.00% QoQ
FII holding7.59%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Apollo Micro Systems Limited announcing the receipt of orders worth INR 2133.91 Millions. Market figures from a third-party data provider.

Read the filing ↗
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