Apollo Micro Systems shares zoom over 18% as govt grants license to manufacture munitions; details here

At around 3:02 PM, the stock was trading 16.86% higher at ₹282.99 per equity share.

The scrip has gained 19% in the past week and 39% over the month. On a year-to-date basis, it has advanced 2%.

While the share hit a 52-week high of ₹354.70 on September 17, 2025, it touched a year’s low of ₹110.37 apiece on April 28, 2025.

In a regulatory filing today, the private defence player said that it received a license to manufacture, assemble, integrate, and proof-test the following high-value strategic weapon systems and munitions.

The license, issued on April 10, 2026, by the Department for Promotion of Industry and Internal Trade (DPIIT), the Ministry of Commerce & Industry, is valid for a lifetime.

The license authorises the company to manufacture arms above the caliber of 12.77 mm across two categories, viz., category I (guided weapons, underwater systems, and countermeasures) and category II (aerial munitions and loitering systems), the filing stated.

Under category I, Apollo Micro Systems will manufacture missiles, anti-tank guided missiles (ATGMs), torpedoes, underwater mines, chaffs, flares, and decoys.

Its scope under categor II includes manufacturing aerial bombs, rockets, and loitering munitions.

The manufacturing will be carried out at two of the company’s Hyderabad facilities, with annual production capacity set at 1,000 units per category.

“The grant of this Lifetime License by the Government of India fundamentally transforms Apollo Micro Systems Limited's revenue architecture and strategic positioning,” it stated.

The company added that it moves from being a provider of embedded systems and subsystems to an end-to-end platform manufacturer of complete weapon systems, including missiles, torpedoes, precision bombs, and next-generation loitering munitions.

What the management said

Commenting on the development, B Karunakar Reddy, Managing Director, Apollo Micro Systems, said: “This license is an important step in expanding the Company’s presence in the defence manufacturing sector. Together with the capabilities of IDL Explosives, we now have the building blocks to develop and manufacture a meaningful range of weapon systems for the Indian Armed Forces and for export. We will progress methodically, ensuring that our manufacturing infrastructure, quality systems and regulatory compliances are in place before we scale production.”

Apollo Micro Systems has a total market capitalisation of ₹10,103.87 crore as of April 17, 2026, according to data on the NSE.