Apollo Micro Systems Reports Strong Financial Performance and Strategic Expansion in Defence Technology
Apollo Micro Systems Limited demonstrates exceptional financial performance with 29% revenue CAGR and INR 5620.70 million revenue in FY25. The company achieved 53% PAT CAGR and maintained 23% EBITDA margins while reporting strong Q3FY26 growth of 70% in revenue operations. Strategic acquisition of IDL Explosives through subsidiary ADIPIL expands manufacturing capabilities across 7 plants in 6 states, positioning the company as India's leading defence technology provider with INR 13050 million order book.

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Apollo Micro Systems Limited has released its comprehensive company tear sheet, showcasing strong financial performance and strategic positioning in India's defence technology sector. The 41-year-old pioneer in defence technology has demonstrated consistent growth across key financial metrics while expanding its capabilities through strategic acquisitions.
Financial Performance Highlights
The company's financial trajectory reflects robust growth across multiple parameters. Apollo Micro Systems achieved significant milestone metrics during the 2021-2025 period, establishing itself as a leading player in the defence technology space.
| Financial Metric | Performance (2021-2025) |
|---|---|
| Revenue CAGR | 29% |
| EBITDA (ex Other Income) CAGR | 35% |
| PAT CAGR | 53% |
| EBITDA Margin (ex Other Income) | 21% |
| Average D/E Ratio | 0.30 |
The company's revenue from operations reached INR 5620.70 million in FY25, compared to INR 3716.30 million in FY24. EBITDA (excluding other income) grew to INR 1292.10 million in FY25, maintaining a healthy margin of 23%. Profit after tax demonstrated exceptional growth, reaching INR 563.60 million in FY25 with a PAT margin of 10%.
Recent Quarterly Performance
Apollo Micro Systems registered significant year-on-year improvements in Q3FY26, demonstrating accelerated growth momentum across key operational metrics.
| Performance Indicator | Q3FY26 Growth (YoY) |
|---|---|
| Revenue from Operations | +70% |
| EBITDA (Ex Other Income) | +33% |
| PAT | +25% |
Strategic Acquisition and Market Expansion
The company has completed a strategic acquisition through its subsidiary Apollo Defence Industries Pvt Ltd (ADIPIL), which acquired 100% of IDL Explosives Ltd. This acquisition significantly enhances Apollo Micro Systems' capabilities in explosive manufacturing and expands its geographical presence.
| Acquisition Details | Specifications |
|---|---|
| Acquired Entity | IDL Explosives Ltd |
| Manufacturing Plants | 7 plants across 6 states |
| Main Plant Location | Rourkela, Odisha |
| Land Utilization | ~40% (significant expansion potential) |
| Product Range | Packaged and bulk explosives for mining and infrastructure |
The acquired entity was previously part of GOCIL Corporation Limited (formerly Gulf Oil Corporation Limited), incorporated in 1961 as Indian Detonators Ltd. GOCIL operates as a Star House exporter of energetic and commercial explosive products to over 20 countries.
Product Portfolio and Market Position
Apollo Micro Systems specializes in multi-domain defence technologies, offering comprehensive solutions from systems and subsystems to complete weapons platforms. The company's product categories span various weapon systems including multi influence ground mines, limpet mines, anti submarine warfare rockets, moored mines, aerial bombs, and medium range rockets.
Investment Highlights and Competitive Advantages
The company maintains several distinctive market positions that strengthen its competitive advantage in India's defence sector:
- Only company in India offering underwater mines solutions
- Responsible for approximately 60% of electronics, electromechanical and mechanical systems in indigenized missile programmes
- Highest participation in Indigenous Missile programs of DRDO
- Only private public listed company with largest infrastructure including R&D capabilities
- R&D investment at 6% of revenue in FY25
- Credit rating upgraded to ACUTE A- (Long Term) and ACUTE A2+ (Short Term)
With an order book of INR 13050 million and headquarters in Hyderabad, Apollo Micro Systems continues to advance its position as a Tier-1 Original Equipment Design Cum manufacturer with explosive capabilities, serving India's strategic defence requirements.
Historical Stock Returns for Apollo Micro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.86% | -4.07% | -6.15% | +38.33% | +92.75% | +2,021.71% |


































