APOLLO - Apollo Micro Sys
📢 Recent Corporate Announcements
Apollo Micro Systems Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter and financial year ended March 31, 2026. The company confirmed it captured all 5 required Unpublished Price Sensitive Information (UPSI) events during the quarter in accordance with SEBI regulations. This filing demonstrates the company's adherence to the Prohibition of Insider Trading (PIT) Regulations. The internal database is certified as non-tamperable and maintains an audit trail for a period of 8 years.
- Successfully captured 5 UPSI events for the quarter ended March 31, 2026
- Certified 100% compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
- Maintains a non-tamperable internal database with an 8-year record-keeping capability
- Zero non-compliance issues were observed during the reporting period
Apollo Micro Systems has successfully completed blast trials for Limpet Mines, which are specialized diver-carried mines used in naval defense. The company is currently the only Indian firm to have successfully developed this product for the Indian Navy, creating a significant competitive moat. This milestone allows the company to offer a complete spectrum of underwater mines, ranging from shallow to deep-water categories. This development significantly strengthens the company's portfolio in the niche underwater Electronic Warfare systems segment.
- Successfully completed blast trials for Limpet Mines used in Naval Defence.
- Recognized as the only Indian company to develop this specific product for the Indian Navy.
- Expands product range to cover the complete spectrum of underwater mines (Shallow, Deep, and Limpet).
- Strengthens the company's technological positioning in underwater Electronic Warfare systems.
Apollo Micro Systems Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the announcement of the company's audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2026. The window will remain closed for all designated persons and insiders until 48 hours after the results are declared. This is a standard regulatory procedure for listed companies in India.
- Trading window closure begins on Wednesday, April 1, 2026.
- Closure pertains to the Audited Financial Results for the quarter and year ending March 31, 2026.
- Window will reopen 48 hours after the official announcement of the financial results.
- Restriction applies to all Directors, Promoters, and Designated Persons of the company.
Apollo Micro Systems has received trading approval for 28,89,044 equity shares issued on a preferential basis to non-promoters. These shares were issued at a price of Rs. 114 per share, including a premium of Rs. 113, following the conversion of warrants. The shares will be admitted for trading on both NSE and BSE starting March 19, 2026. These new shares are subject to a mandatory lock-in period until September 19, 2026.
- Listing of 28,89,044 equity shares with a face value of Re. 1 each
- Shares issued at a total price of Rs. 114 per share (Rs. 113 premium)
- Allotment resulted from the conversion of warrants previously issued to non-promoters
- Trading commences on NSE and BSE effective from March 19, 2026
- Specific lock-in period for these shares is valid until September 19, 2026
Apollo Micro Systems has received trading approval from NSE and BSE for 28,89,044 equity shares of Re. 1/- each. These shares were issued to non-promoters on a preferential basis following the conversion of warrants. The shares were issued at a price of Rs. 114 per share, including a premium of Rs. 113. Trading for these new securities is scheduled to commence on March 19, 2026, with a lock-in period ending on September 19, 2026.
- Approval for listing and trading of 28,89,044 equity shares on NSE and BSE.
- Shares issued at Rs. 114 per share (Face Value Re. 1 + Premium Rs. 113).
- Issued to non-promoters pursuant to the conversion of warrants.
- Trading effective from March 19, 2026, with a lock-in period until September 19, 2026.
- Total distinctive numbers for the new shares range from 354391701 to 357280744.
Apollo Micro Systems Limited has informed the exchanges that it is conducting an Analyst/Institutional Investor Meeting on March 16, 2026. The company will utilize the investor presentation for the quarter ended December 31, 2025, which was previously released on February 9, 2026. This disclosure follows a prior intimation regarding the meeting schedule dated March 06, 2026. The announcement is a procedural update to ensure all stakeholders have access to the materials being discussed with institutional investors.
- Analyst/Institutional Investor Meeting scheduled for March 16, 2026.
- Company to use the Q3 FY2025 investor presentation originally filed on February 9, 2026.
- The meeting follows a prior regulatory intimation made on March 06, 2026.
- Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Apollo Micro Systems Limited conducted an Analyst/Institutional Investor Meeting on March 13, 2026. The company informed the exchanges that it utilized the existing investor presentation for the quarter ended December 31, 2025, which was originally released on February 9, 2026. This disclosure is a follow-up to their prior intimation dated March 6, 2026, regarding the scheduled meet. Such meetings are routine for listed entities to engage with institutional stakeholders and discuss existing financial performance.
- Analyst and Institutional Investor Meeting held on March 13, 2026.
- Company utilized the Q3 FY26 investor presentation previously disclosed on February 9, 2026.
- The meeting follows the initial intimation provided to exchanges on March 6, 2026.
- Compliance maintained under Regulation 30 of SEBI (LODR) Regulations, 2015.
Apollo Micro Systems Limited has scheduled an Analyst/Institutional Investor Meeting for March 12, 2026. The company confirmed that the investor presentation for the quarter ended December 31, 2025, will be used during this session. This presentation was previously submitted to the stock exchanges on February 9, 2026. The meeting follows an initial intimation provided by the company on March 6, 2026, and is part of their regular investor engagement process.
- Analyst/Institutional Investor Meeting scheduled for March 12, 2026
- Company to reuse the Q3 FY2025-26 investor presentation originally released on February 9, 2026
- Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
- The presentation is accessible on the company's official website for stakeholder review
Apollo Micro Systems Limited has announced that it will conduct an Analyst/Institutional Investor Meeting on March 11, 2026. The company will utilize the investor presentation for the quarter ended December 31, 2025, which was previously disclosed to the exchanges on February 9, 2026. This meeting is a follow-up to the company's prior intimation dated March 06, 2026. Such meetings are standard practice for management to engage with the investment community regarding business performance.
- Analyst and Institutional Investor Meeting scheduled for March 11, 2026.
- Company to use the existing Q3 FY26 investor presentation filed on February 9, 2026.
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Presentation is accessible to the public via the company's official website.
Apollo Micro Systems Limited has announced a series of physical meetings with institutional investors, analysts, and fund managers scheduled for March 11, 13, and 16, 2026. These meetings will take place in Hyderabad and include plant visits to provide stakeholders with a firsthand look at the company's operations. The company clarified that only publicly available information and earnings presentations will be discussed, ensuring no unpublished price sensitive information (UPSI) is shared. Such interactions are standard corporate practices aimed at increasing transparency and investor engagement.
- Scheduled physical meetings with investors and analysts on March 11, 13, and 16, 2026.
- The itinerary includes plant visits at the company's Hyderabad facilities to showcase operational scale.
- Meetings involve a mix of group sessions and one-to-one interactions with CIOs and Fund Managers.
- Company confirms that no unpublished price sensitive information (UPSI) will be disclosed during these interactions.
Apollo Micro Systems has announced a series of physical meetings with institutional investors, analysts, and fund managers scheduled for March 11, 13, and 16, 2026. These interactions will take place in Hyderabad and include both group and one-to-one sessions. Notably, the schedule includes plant visits, allowing investors to observe the company's operational infrastructure firsthand. The company has clarified that only publicly available information and earnings presentations will be discussed, ensuring no unpublished price sensitive information is shared.
- Meetings scheduled across three dates: March 11th, 13th, and 16th, 2026, in Hyderabad.
- Includes physical plant visits to provide institutional investors with operational insights.
- Participants include CIOs, Fund Managers, and Analysts for both group and one-to-one interactions.
- Discussions will strictly adhere to publicly available data and the current earnings presentation.
Apollo Micro Systems Limited has announced a series of physical meetings with institutional investors, analysts, and fund managers scheduled for March 11, 13, and 16, 2026. These meetings will be held in Hyderabad and will include plant visits, allowing stakeholders to observe the company's operational infrastructure firsthand. The company has clarified that discussions will be based on publicly available information and earnings presentations, ensuring no unpublished price sensitive information is disclosed. This is a standard investor relations activity aimed at enhancing transparency with the financial community.
- Meetings scheduled across three dates: March 11th, 13th, and 16th, 2026.
- The schedule includes both Group Meetings and One-to-One interactions with CIOs and Fund Managers.
- Physical plant visits are part of the itinerary at the company's Hyderabad facilities.
- Company confirms that no unpublished price sensitive information (UPSI) will be shared during these sessions.
Apollo Micro Systems Limited has scheduled a physical group meeting and plant visit for institutional investors on March 12, 2026, in Hyderabad. The meeting will include high-profile representatives from Jefferies and Goldman Sachs, indicating significant institutional interest in the company. The company stated that the discussions will focus on publicly available information and the earnings presentation, with no unpublished price sensitive information (UPSI) being shared. This engagement allows major global firms to evaluate the company's manufacturing capabilities firsthand.
- Meeting and plant visit scheduled for March 12, 2026, at the Hyderabad facility.
- Participation confirmed from major global institutional firms Jefferies and Goldman Sachs.
- Interaction will involve CIOs, Fund Managers, and Analysts in a physical group format.
- Company confirms adherence to SEBI regulations by sharing only publicly available data.
Apollo Micro Systems Limited has informed the exchanges that it is conducting an Analyst/Institutional Investor Meeting on February 17, 2026. The company will utilize the investor presentation for the quarter ended December 31, 2025, which was previously disclosed on February 9, 2026. This meeting follows an initial intimation provided on February 3, 2026. The event is a routine engagement with the institutional investor community to discuss the company's recent quarterly performance.
- Analyst/Institutional Investor Meeting scheduled for February 17, 2026.
- Presentation used covers the financial period ended December 31, 2025.
- The specific presentation was previously filed with exchanges on February 9, 2026.
- Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015.
Apollo Micro Systems Limited held an Analyst and Institutional Investor Meeting on February 16, 2026. The company confirmed that the investor presentation for the quarter ended December 31, 2025, which was originally filed on February 9, 2026, was used for this session. This meeting follows an earlier intimation made on February 3, 2026, regarding the scheduled interaction. The disclosure is a routine compliance matter under SEBI (LODR) Regulations to ensure all shareholders have access to the same information provided to institutional investors.
- Analyst/Institutional Investor Meeting held on February 16, 2026.
- Utilized the Q3 FY26 investor presentation previously released on February 9, 2026.
- Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
- The presentation covers the company's performance for the quarter ended December 31, 2025.
Financial Performance
Revenue Growth by Segment
H1 FY26 revenue grew 42% YoY to INR 358.85 Cr. Production orders currently represent 25-30% of the mix, with a strategic target to increase this to 45% as developmental projects transition to serial production.
Geographic Revenue Split
Not disclosed in available documents, though the company is expanding into new geographies to increase its addressable market.
Profitability Margins
EBITDA margin improved to 28% in H1 FY26 from 22% in H2 FY25. PAT margin reached 13.3% in H1 FY26, up from 10% in H1 FY25. ROCE (annualized) stands at 13%.
EBITDA Margin
28% in H1 FY26, reflecting a 600 bps increase YoY driven by productivity improvements and cost optimization.
Capital Expenditure
Expansion is supported by a significant equity infusion of INR 742.24 Cr in FY2026. Unit 3 is being developed in phases, with Phase 1 operational and Phase 2 civil work underway.
Credit Rating & Borrowing
Credit rating upgraded to ACUITE BBB+ (Stable) and A2. The upgrade is supported by a 30% CAGR in earnings over 4 years and improved interest coverage ratio of 3.3x in FY25.
Operational Drivers
Raw Materials
Electronic components, semiconductors, and specialized chemicals for explosives (via IDL acquisition).
Import Sources
Not specifically disclosed; focus is on alternative procurement and local security of supply to mitigate global fluctuations.
Key Suppliers
Not specifically named; company implements vigilant tracking of raw material price movements to protect margins.
Capacity Expansion
Unit 3 Phase 1 is operational; Phase 2 civil work has started. The entire unit is expected to be fully operational by June 2026 to handle large-cap projects.
Raw Material Costs
Total expenses except depreciation and finance costs were INR 258.72 Cr in H1 FY26 against INR 358.85 Cr revenue; management is implementing cost control to recover gross margins.
Manufacturing Efficiency
Transitioning multiple products from development to production phase to improve inventory turnover and revenue realization.
Strategic Growth
Expected Growth Rate
45-50%
Growth Strategy
Growth will be achieved by transitioning developmental projects into high-margin serial production (increasing production mix from 30% to 45%), operationalizing Unit 3 by June 2026 to handle large-cap projects, and integrating the IDL Explosives acquisition to enter the military explosives market. Strategic MoUs with PSUs like BDL and GRSE for naval and weapon platforms further expand the addressable market.
Products & Services
Electronic sub-systems, complete weapon systems, naval platforms, military explosives, and mining explosives.
Brand Portfolio
Apollo Micro Systems, IDL Explosives.
New Products/Services
Military explosives (via IDL), naval platforms (via BDL MoU), and advanced weapons systems (via GRSE MoU).
Market Expansion
Entering military explosives and expanding addressable market through new geographies and vertical integration.
Market Share & Ranking
Highest participation in DRDO indigenous missile programs.
Strategic Alliances
MoUs with Munitions India Ltd, TCL, BDL, and GRSE; Collaborative R&D partner for Bharat Electronics Limited (BEL).
External Factors
Industry Trends
The Indian defence industry is seeing a shift toward private sector participation in missile and ammunition manufacturing, supported by a 30% CAGR in earnings for established players. The government's focus on 'Atmanirbhar Bharat' and the approval of INR 79,000 Cr in procurement proposals create a robust environment for indigenous OEMs.
Competitive Landscape
Collaborative R&D with BEL and 60+ DRDO programs provide a competitive edge over other defence electronics firms.
Competitive Moat
Apollo's moat lies in its deep integration with DRDO programs and its unique position as a supplier of both electronics and explosives for complete platforms. This is sustainable due to the high technical complexity of miniaturization and the long-term nature of defence development cycles which create high switching costs for the government.
Macro Economic Sensitivity
Highly sensitive to national defence budgets and 'Make in India' policy shifts; recent approval of INR 79,000 Cr in procurement proposals expands the addressable market.
Consumer Behavior
Government procurement is shifting toward long-term, large-scale indigenous contracts to ensure supply chain security.
Geopolitical Risks
Global arms race increases demand for indigenous solutions; trade barriers on electronic components necessitate local sourcing.
Regulatory & Governance
Industry Regulations
Defence procurement procedures (DPP), 'Make in India' indigenization norms, and safety regulations for explosive manufacturing.
Risk Analysis
Key Uncertainties
Successful turnaround of the loss-making IDL Explosives and the execution timeline for large-cap projects as infrastructure gears up.
Geographic Concentration Risk
Primarily focused on the Indian domestic defence and mining sectors.
Third Party Dependencies
High dependency on DRDO for R&D programs and government PSUs for order execution.
Technology Obsolescence Risk
Mitigated by a strong R&D team including retired experts from HAL and BEL, focusing on cutting-edge miniaturization.
Credit & Counterparty Risk
Receivable days of 155 days; risk is low due to the sovereign nature of primary customers (DRDO, PSUs).