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Apollo Micro Systems
Mission electronics for missiles/torpedoes/UGVs. Revenue doubled FY24→FY26 (₹372→904 Cr); heavy WC funding via equity raises.
Order book · ₹1,500 Cr+ pipeline across missile electronics
Sell / Avoid
₹392
Mkt cap ₹14.6K Cr
P/E
129.0x
P/B
10.7x
ROCE
14.5%
ROE
11.8%
Div yield
0.06%
52W high
₹467
52W low
₹162
Promoter
50.3%
Score bridge (derived from real data)
Fundamental
63
Valuation
21
Technical
78
Moat (curated)
60
Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.
52-week position
₹162now ₹392₹467
75/100
Technical rating A
Price · 2 years · SMA 50/200 · as of 2026-07-20
NeutralMACD BearishGolden cross
RSI-14
RSI-14
46
vs SMA-50
-0.8%
vs SMA-200
34.6%
1Y return
117.6%
Ann. vol
58%
Max DD 1Y
-47%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Defence Electronics & Radar
| Company | Mkt cap | P/E | OPM | ROCE | Sales 3Y | PAT 3Y | D/E | Composite |
|---|---|---|---|---|---|---|---|---|
| Bharat Electronics | ₹2.98 L Cr | 49.1x | 29% | 36.5% | 15.9% | 26.6% | 0.00x | 70 |
| Data Patterns | ₹22.3K Cr | 90.5x | 40% | 21.9% | 26.9% | 29.8% | 0.00x | 63 |
| Astra Microwave | ₹16.6K Cr | 86.2x | 29% | 20.2% | 12.5% | 40.2% | 0.22x | 68 |
| Apollo Micro Systems ◄ | ₹14.6K Cr | 129.0x | 24% | 14.5% | 44.8% | 77.9% | 0.41x | 55 |
| Centum Electronics | ₹5.5K Cr | 54.5x | 14% | 25.6% | 1.1% | — | 0.36x | 62 |
| Avantel | ₹4.6K Cr | 267.0x | 22% | 9.6% | 13.1% | -17.8% | 0.10x | 41 |
| DCX Systems | ₹2.1K Cr | — | -2% | 0.9% | -16.0% | — | 0.00x | 42 |
Financial statements
Source: Screener.inSales 3Y CAGR
44.8%
PAT 3Y CAGR
77.9%
OPM (latest)
24.0%
PAT margin
11.8%
D / E
0.41x
CFO / PAT
-1.21x
EV / EBITDA
69.4x
FCF yield
-3.3%
Ratio history · computed per year
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales growth YoY % | — | 22.6% | 24.8% | 51.1% | 60.9% |
| PAT growth YoY % | — | 26.7% | 63.2% | 80.6% | 91.1% |
| OPM % | 19% | 22% | 23% | 23% | 24% |
| PAT margin % | 6.2% | 6.4% | 8.3% | 10.0% | 11.8% |
| ROE % (PAT / net worth) | 4.7% | 4.9% | 6.0% | 9.2% | 8.1% |
| D / E (x) | 0.36 | 0.38 | 0.40 | 0.55 | 0.41 |
| Asset turnover (x) | 0.41 | 0.43 | 0.39 | 0.43 | 0.38 |
| CFO / PAT (x) | 2.87 | -0.84 | -2.45 | 0.18 | -1.21 |
Annual P&L · ₹ Cr
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 243 | 298 | 372 | 562 | 904 |
| Operating profit | 46 | 64 | 84 | 129 | 218 |
| OPM % | 19% | 22% | 23% | 23% | 24% |
| Net profit | 15 | 19 | 31 | 56 | 107 |
| EPS ₹ | 0.70 | 0.90 | 1.10 | 1.84 | 3.16 |
Quarterly · ₹ Cr
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|
| Sales | 148 | 162 | 134 | 225 |
| OPM % | 26% | 22% | 31% | 26% |
| PAT | 18 | 14 | 18 | 30 |
Balance sheet · ₹ Cr
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity | 21 | 21 | 28 | 31 | 36 |
| Reserves | 299 | 363 | 490 | 576 | 1,277 |
| Borrowings | 116 | 144 | 208 | 335 | 543 |
| Total assets | 599 | 693 | 956 | 1,299 | 2,369 |
Cash flow · ₹ Cr
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | 43 | -16 | -76 | 10 | -130 |
| Investing | -24 | -35 | -60 | -91 | -357 |
| Financing | -19 | 51 | 136 | 121 | 536 |
Shareholding
Promoters
50.3%
FII
6.2%
DII
1.8%
Public
41.8%
Mkt cap
₹14.6K Cr
P/E
129.0x
52W range
₹162–467