Apollo Micro shares hit a 52-week high, here’s a look at recent developments

Shares of Apollo Micro Systems (AMS), a defence manufacturing company, settled 9.38% higher at ₹291.60 apiece on the National Stock Exchange (NSE) after touching its 52-week high of ₹298.50 in today’s trading session.

The counter began the day at ₹267.80, up from the previous close of ₹266.60. The stock climbed further to touch an intraday high of ₹298.50. The company’s market capitalisation stands at ₹9,652.43 crore as on September 2.

The rise in the share price comes days after the company received approval to act as the production agency for the Multi-Influence Ground Mine (MIGM) - Vighana, under DcPP by DRDO. It has also entered into an agreement with DRDO for the Transfer of Technology (TOT) of the Omni-Directional multi-EFP warhead for the NASM-SR Missile.

Apollo Micro Systems offers solutions based on state-of-the-art technologies for Aerospace, Defence & Space as primary customers and also caters solutions for Railways, Automotive and Home Land Security markets.

Over the last five days, shares of Apollo Micro Systems have soared 19.22%. The stock has been a terrific wealth creator for its long-term investors. Data show that in the past one month, the scrip has jumped nearly 68.72%, 164.56% in the past six months, around 141.63% on a YTD basis, and a whopping 2,375.38% in the past five years.

The stock had touched its 52-week low of ₹87.99 on October 23, 2024.

Other key developments:

In an exchange filing on August 21, the company said, “We are pleased to inform you that the company has been declared the lowest bidder for orders worth ₹25.12 crore from DRDO and defence PSUs.”

Defence-related stocks have been witnessing strong traction amid increased government spending, new contracts, and a focus on indigenous manufacturing.

The company, on May 28, had received an export order valued at around ₹113.81 crore for the development of an avionic system.

Apollo Micro Systems said that the project pertains to the development of an advanced avionics system intended for use in civil and military aircraft applications. However, due to the sensitive nature of the engagement, specific technical and program details are bound by a Non-Disclosure Agreement (NDA) with the customer.

Additionally, Apollo Micro Systems had announced the acquisition of IDL Explosives Ltd., highlighting that this move will not only strengthen its manufacturing capacity but also expand its solutions portfolio within critical segments of India’s defence supply chain.

Apollo Micro Systems Q1 results:

In the April–June 2025 quarter (Q1FY26), Apollo Micro Systems posted a strong 46% year-on-year (Y-o-Y) revenue growth, rising to ₹133.6 crore from ₹91.2 crore in Q1FY25.

This performance was largely supported by the smooth execution of its solid order book and the scaling up of multiple high-value systems into full-fledged production.

On the profitability side, the company’s EBITDA (excluding other income) grew 83% YoY to ₹40.94 crore. EBITDA margin expanded by 600 basis points to a record 31% from 25% in Q1FY25, highlighting the benefits of operating leverage and efficient execution, the company stated.

Apollo Micro Systems FY26, FY27 outlook

The company said it expects revenue to grow at a compound annual growth rate (CAGR) of 45% to 50% over the next two years - driven solely by the core business, excluding any contribution from the recent acquisition. This growth is underpinned by a healthy order book and multiple products entering the production phase.

Operating margins are projected to improve in the first half of FY26 due to favourable operating leverage and product mix. However, ongoing and planned capital investments are expected to moderate margin expansion in the latter half of FY26 and into FY27.

The company also added that recent geopolitical developments, particularly the India-Pakistan conflict, have further accelerated demand for indigenous defence solutions.

"Several of our systems were successfully tested and demonstrated during this period, generating significant interest and engagement across the defence value chain," Apollo Micro Systems said.