Apollo Micro Systems Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Electronical Componants/Goods: 100.0%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 60.0% CAGR over last 5 years
- Company has delivered good sales growth of 34.8% CAGR over last 5 years
- Latest quarter profit grew 42.6% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company maintains a comfortable, low leverage position
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -5.1pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.00x)
- Company has a low return on equity of 9.6% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HAL | 4898.75 | 35.15 | 327616.15 | 0.92 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| BEL | 405.50 | 48.23 | 296411.53 | 0.62 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| BDL | 1190.50 | 83.80 | 43639.27 | 0.41 | 118.79 | 547.36 | 572.24 | 147.63 | 13.91 | 14.52 |
| DATAPATTNS | 4832.90 | 3517.81 | 27056.49 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| ASTRAMICRO | 1677.95 | 84.27 | 15931.30 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 20.29 | 20.40 |
| APOLLO | 421.95 | 129.24 | 15679.64 | 0.06 | 252.16 | 1325.84 | 2512.93 | 1781.17 | 14.52 | 21.38 |
| ZENTEC | 1722.85 | 86.35 | 15556.12 | 0.06 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| AEQUS | 226.05 | 304.43 | 15160.40 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| PARAS | 1433.00 | 122.27 | 11548.16 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| UNIMECH | 1609.30 | 113.74 | 8191.66 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| AXISCADES | 1831.10 | 214.34 | 7788.31 | 0.00 | -14.76 | -170.76 | 183.35 | -24.77 | 14.56 | 4.73 |
| CENTUM | 4210.75 | 125.27 | 6215.92 | 0.12 | 10.55 | 135.70 | 204.15 | -22.53 | 26.02 | 11.54 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 87 | 91 | 135 | 91 | 161 | 148 | 162 | 134 | 225 | 252 | 293 | 251 | |
| 45 | 69 | 67 | 107 | 69 | 128 | 110 | 126 | 93 | 166 | 202 | 226 | 216 | |
| Operating Profit | 13 | 18 | 24 | 29 | 22 | 33 | 38 | 36 | 41 | 59 | 50 | 68 | 35 |
| OPM % | 22.08% | 21.06% | 26.29% | 21.23% | 24.53% | 20.47% | 25.57% | 22.25% | 30.64% | 26.27% | 19.98% | 23.07% | 14.09% |
| 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | |
| Interest | 8 | 7 | 7 | 8 | 8 | 7 | 9 | 11 | 12 | 13 | 14 | 9 | 11 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 7 | 8 |
| Profit before Tax | 3 | 9 | 14 | 18 | 12 | 22 | 26 | 22 | 25 | 43 | 32 | 55 | 38 |
| Tax % | 41.70% | 24.89% | 30.69% | 28.78% | 29.16% | 29.96% | 30.36% | 36.55% | 30.05% | 30.41% | 27.53% | 32.87% | 33.05% |
| Net Profit | 0 | 0 | 0 | 0 | 8 | 16 | 18 | 14 | 18 | 30 | 23 | 37 | 25 |
| 0.08 | 0.29 | 0.41 | 0.52 | 0.29 | 0.52 | 0.60 | 0.46 | 0.56 | 0.93 | 0.69 | 1.09 | 0.75 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 246 | 203 | 243 | 298 | 372 | 562 | 904 | 1,022 | |
| 197 | 165 | 198 | 233 | 288 | 433 | 686 | 809 | |
| Operating Profit | 49 | 39 | 46 | 64 | 84 | 129 | 218 | 213 |
| OPM % | 19.79% | 18.97% | 18.72% | 21.54% | 22.57% | 22.99% | 24.12% | 20.81% |
| 2 | 1 | 1 | -2 | 2 | 3 | 6 | 8 | |
| Interest | 15 | 16 | 17 | 22 | 30 | 34 | 47 | 46 |
| Depreciation | 10 | 9 | 9 | 10 | 11 | 15 | 22 | 25 |
| Profit before Tax | 25 | 14 | 20 | 29 | 44 | 83 | 155 | 167 |
| Tax % | 44.53% | 29.09% | 27.83% | 35.29% | 29.45% | 31.73% | 30.63% | 31.27% |
| Net Profit | 14 | 10 | 15 | 19 | 31 | 56 | 107 | 115 |
| EPS | 0.00 | 4.94 | 7.04 | 6.11 | 1.10 | 1.84 | 3.16 | — |
| Dividend Payout % | 7.41% | 5.06% | 3.55% | 2.77% | 4.54% | 13.59% | 7.91% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 35%
- 3 Years:
- 45%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 62%
- 3 Years:
- 82%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 106%
- 3 Years:
- 98%
- 1 Year:
- 42%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 8%
- 3 Years:
- 10%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 28 | 31 | 36 |
| Minority Interest | 0 | 1 | 1 | 1 | 1 | 1 | -5 |
| 275 | 284 | 299 | 317 | 479 | 576 | 1,237 | |
| 83 | 116 | 115 | 143 | 199 | 316 | 496 | |
| Trade Payables | 57 | 78 | 128 | 112 | 169 | 280 | 382 |
| 30 | 31 | 36 | 100 | 80 | 96 | 223 | |
| Total Liabilities | 465 | 532 | 599 | 693 | 956 | 1,299 | 2,368 |
| 50 | 49 | 86 | 106 | 144 | 182 | 477 | |
| Capital Work in Progress | 37 | 52 | 30 | 32 | 35 | 72 | 196 |
| 208 | 226 | 296 | 342 | 434 | 601 | 795 | |
| 0 | 0 | 0 | 0 | 235 | 238 | 481 | |
| Cash & Bank | 12 | 13 | 16 | 14 | 21 | 62 | 156 |
| 158 | 191 | 171 | 199 | 87 | 144 | 262 | |
| Total Assets | 465 | 532 | 599 | 693 | 956 | 1,299 | 2,368 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 53 | 9 | 45 | -13 | -76 | 10 | -130 | |
| Cash from Investing | -19 | -23 | -24 | -35 | -60 | -91 | -357 |
| Cash from Financing | -36 | 17 | -19 | 51 | 136 | 121 | 536 |
| -8 | 0 | 0 | -0 | -0 | 40 | 49 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Apollo Micro Systems Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-09 - The Exchange has sought clarification from Apollo Micro Systems Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.
2026-09-08 - Apollo Micro Systems Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026.
2026-09-08 - Apollo Micro Systems Limited has informed the Exchange regarding Outcome of Board Meeting held on September 08, 2026.
2026-08-27 - Apollo Micro Systems Limited has informed the Exchange about Credit Rating
2026-08-22 - Apollo Micro Systems Limited has informed the Exchange about General Updates
2026-08-21 - Apollo Micro Systems Limited has informed the Exchange about General Updates
2026-08-20 - Apollo Micro Systems Limited has informed the Exchange about Investor Presentation
2026-08-19 - Apollo Micro Systems Limited has informed the Exchange about Investor Presentation
News
Recent coverage and analyst commentary for APOLLO
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