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Apollo Micro Systems Ltd share Price Today

Company details

103.40
107.11
37.95
161.70
6M Return -13.83%
1Y Return 183.75%
Mkt Cap.(Cr) 3,178.61
Volume 4,110,130
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 4,110,130

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Defence company Apollo Micro Systems announced Q4FY24 & FY24 results:

  • AMS has showcased a robust financial performance with significant growth, where revenue from operations saw an increase to Rs 3,716.34 million in FY24 from Rs 2,975.26 million in FY23.
  • The company's EBITDA and PAT have also indicated healthy growth, with EBITDA reaching Rs 838.66 million and PAT standing at Rs 311.07 million for FY24.
  • The company has presented consolidated financial metrics such as EBITDA margin of 22.57% for FY24 and a PAT margin of 8.37%, indicating strong profitability.
  • Balance sheet ratios highlight a ROCE of 10.10% and a Debt/Equity ratio of 0.38 for FY24, underlining efficient capital utilization and a solid financial structure.

Commenting on AMS’s performance, management team stated: “We are pleased to present an overview of Apollo Micro Systems Limited's (AMS) performance for Q4 and FY24. This year has seen Apollo Micro Systems make significant strides in several key areas, demonstrating our commitment to innovation, operational excellence, and sustainable growth.

AMS achieved significant financial growth in FY24, driven primarily by robust order execution. The revenue for Q4FY24 was Rs 1,354.37 million, up from Rs 1,068.46 million in Q4FY23, with the full-year revenue standing at Rs 3,716.34 million compared to Rs 2,975.26 million in FY23 showcasing a healthy growth of 24.91%. The company's EBITDA for Q4FY24 increased to Rs 287.43 million from Rs 228.83 million in Q4FY23, and for the entire fiscal year, it reached Rs 838.66 million, up from Rs 640.91 million in FY23, marking a growth of 25.61% for the quarter and 30.85% for the year, attributed to the increased scale of operations and cost efficient execution. Profit after tax (PAT) for Q4FY24 was Rs 129.31 million, compared to Rs 72.15 million in Q4FY23, and for FY24, it stood at Rs 311.07 million, compared to Rs 187.38 million in FY23. PAT margins were 9.55% in Q4FY24 and 8.37% for the full fiscal year.

Our order book has strengthened on account of several programs moving from development - production to more production based contracts which provides us added visibility for future revenue growth. Apart from the current order book we continue to focus on developing game changing solutions which find excessive defence applications and can be a prime for exports too. The testimony can be seen in our repeated order wins. The company is participating in Make-II Defence Projects and is likely to collaborate with other companies in building larger platforms.

On the capability augmentation front we have announced the groundbreaking ceremony for our Integrated Plant for Ingenious Defense Systems (IPiDS) in Hyderabad, this makes our foray into defense and space sector growth even more stronger with in-house capabilities. This would cater to developing products in the missile, unmanned aerial and ground systems development. IPiDS signifies our dedication to national security and technological advancement. AMS remains steadfast to innovation, excellence, and is poised to elevate India's defense prowess globally. Currently, AMS operates a 55,000 sqft manufacturing facility, with two additional facilities of 40,000 sqft and 3,50,000 sqft under development. These expansions will significantly enhance our manufacturing capabilities, supporting increased production and meeting growing demand. This strategic growth positions AMS to capitalize on emerging opportunities in the defense and electronic manufacturing sectors, driving our long-term success. Also AMS boasts over 700 on-board technologies and is actively involved in more than 150 indigenous programs and 60 DcPP programs as a sub-system partner. These engagements underscore our commitment to technological innovation and strategic partnerships, solidifying our leadership in the defense sector.

India's defense exports have experienced a remarkable 16-fold increase from FY17-24E, amounting to USD 3 billion, with a projected ascent to USD 7 billion by FY30E, in alignment with the Government's ambitious target of USD 6 billion by FY29E. Prominent export destinations encompass Italy, Egypt, UAE, Bhutan, Ethiopia, and Saudi Arabia, notably with the Middle East (ME) constituting 33% of global arm imports valued at USD 11 billion, presenting substantial prospects, particularly with Qatar and Saudi Arabia representing 52% of ME imports. Furthermore, the earmarked US$ 130 billion investment in fleet modernization over 5-7 years ensures enduring contracts and technological progress. Moreover, India's diminished imports provide domestic companies with an opportunity to cultivate indigenous technologies, fostering both exports and domestic production. In view of capitalizing these emerging opportunities, AMS is continuously investing in its manufacturing capabilities, man power capabilities and technological capabilities.

Looking ahead, we are optimistic about the future growth prospects of Apollo Micro Systems Limited. The robust demand for electronic solutions in defense, coupled with our strategic initiatives, positions us favorably for continued success. We will continue to explore avenues for innovation, collaborate with strategic partners, and pursue excellence in all aspects of our operations. We are confident in our capability to increasingly contribute to India’s drive for self – reliance in defence technologies and we will continue to scale greater heights in executing projection ahead. Our dedicated team, focus on innovation, and commitment to customer satisfaction will continue to be the pillars of our success.

We would like to extend our gratitude to our employees, customers, and shareholders for their unwavering support. Apollo Microsystems Limited remains committed to creating value, and we look forward to a successful future together” 

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Apollo Micro Systems Ltd shares SWOT Analysis

Strengths (9)

  • Good quarterly growth in the recent results
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (2)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Low Piotroski Score : Companies with weak financials

Opportunity (3)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares
  • Highest Recovery from 52 Week Low
  • High Volume, High Gain

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 106.1
R2 108.5
R3 109.8
Pivot

104.74

S1 102.4
S2 101.0
S3 98.7
EMA SMA
105.6
107.3
107.9
98.9
107.1
107.2
112.4
103.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
COLUMBIA PETRO CHEM PRIVATE LIMITED Bulk Purchase 2024-02-16 121.5 3700000 NSE
BAJAJ FINANCE LIMITED Bulk Sell 2024-02-16 121.48 3782868 NSE
SETU SECURITIES PVT LTD Bulk Purchase 2023-11-16 146.4 1097071 NSE
Name Category Shares
KARUNAKAR REDDY BADDAM PROMOTER 55.12%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
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Apollo Micro Systems Ltd Stocks COMPARISON

Financials( in Cr) Apollo Micro Systems Ltd Hindustan Aeronautics Ltd Bharat Electronics Ltd Solar Industries India Ltd Cochin Shipyard Ltd
Price 103.71 5,200.55 309.60 9,898.15 2,122.35
% Change 0.72 1.98 2.89 1.63 5.76
Mcap Cr 3,178.61 347,799.78 226,310.76 89,568.36 55,835.00
Revenue TTM Cr 297.53 26,927.46 17,734.44 6,922.53 2,364.55
Net Profit TTM Cr 18.74 5,827.73 2,940.35 811.17 304.71
PE TTM 99.09 44.78 55.22 105.52 67.41
1 Year Return 183.75 185.81 153.56 155.65 669.66
ROCE 11.33 18.83 26.98 36.06 7.96
ROE 5.93 27.18 22.49 35.86 5.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 337.52 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,912.43 -3,369.63
LAST 3M 113,155.52 -42,728.98
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,104.04 102,297.21

Apollo Micro Systems Ltd Information

Stock PE (TTM)
99.09
Promoter Holding
55.12%
Book Value
18.3768
ROCE
11.33%
ROE
5.93%
Description
  • Apollo Micro Systems Limited (AMS) was incorporated on March 3, 1997 as a Private Limited Company with the name `Apollo Micro Systems Private Limited`. The Company converted into a Public Company on April 1, 2017 and subsequently, changed the name to `Apollo Micro Systems Limited`. The Company design, develop and sell high performance, mission and time critical solutions to defence, space and home land security for Ministry of Defence, government controlled public sector undertakings and private sector companies. Its customised solutions are developed using common hardware and software technology IP`s which can be reconfigured to suit the end application and domain requirements of end customers. Presently, it is into supply of Electronics and Electro-mechanical systems and components including Design, Research & Development of systems which are used in Missile Programmes (weapon Systems Electronics), Underwater Missile programmes (weapon Systems Electronics), Avionic Systems, Ship Borne Systems, Submarine Systems, etc. The Company offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers. The systems undergo various stages of approvals right from design, prototyping, functional acceptance, manufacturing and qualification testing. As the systems are exclusively developed for a programme, the developed systems enjoy proprietary status. Thus specially developed and approved systems have no competition. The Company has its participation in several Indigenous Missile programmes, underwater electronic warfare, underwater missiles, surface to air missiles, nuclear missile programmes, surface to surface missile programmes, indigenous submarine programmes UAV`s long and short endurance, ships, space programmes. The solutions offered by the company were used by its customers during development and user trials on account of which these solutions are qualified to be a part of supply chain in production phase. The defence and space solutions require expertise in advanced technology development and engineering knowledge to make the systems withstand harsh environmental conditions. The Company has proven track record of executing projects which are qualified in several programmes. The Company has diverse experience in Analog and Digital electronic systems, varied communication protocols, Field Programmable Gate Array (`FPGA`) design, embedded system software, application software, high speed printed circuit board (`PCB`) design, Signal Integrity analysis, thermal analysis and mechanical engineering design product management, quality management, test engineering and reliability engineering. In 2000, the company supplied first indigenous Pay-Load Checkout system to ISRO replacing legacy imported systems. In 2004, the company received certificate of Quality System Assessment for design, development and manufacturing of electronic systems including hardware and software in conformity with ISO 9001 and Q9001:2000. In 2006, the company supplied signal analyser cards to Naval Science and Technological Lab. During the year 2020-21, M/s Ananya SIP RF Technologies Private Limited became Subsidiary of the Company by acquiring 51% stake with effect from 3rd August, 2020.

Registered Address

PNo 128/A Road No12 Rangareddi, BelRd Ida Mallapur UppalMandal, Hyderabad, Telangana, 500076

Tel : 91-40-2716 7000
Email : cs:apollo-micro.com
Website : http://www.apollo-micro.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 540879
NSE Code : APOLLO
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE713T01028

FAQ’s on Apollo Micro Systems Ltd Shares

You can buy Apollo Micro Systems Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Apollo Micro Systems Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Apollo Micro Systems Ltd was Rs.103.71.

The latest PE ratio of Apollo Micro Systems Ltd as of Jun 14, 2024 03:59 PM is 99.09

The latest PB ratio of Apollo Micro Systems Ltd as of Jun 14, 2024 03:59 PM is 0.18

The 52-week high of Apollo Micro Systems Ltd share price is Rs. 161.70 while the 52-week low is Rs. 37.95

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Apollo Micro Systems Ltd stood at Rs. 3,178.61.

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