Multibagger defence stock that has tripled investor’s money by delivering 328 percent returns in a year, bags multiple orders from the Ministry of Defence and private players.
At 11:24 a.m the shares of Apollo Micro Systems were trading at Rs. 117.35, down 1.43 percent from its previous day’s close price of Rs. 119.05 and its market capitalization is Rs. 3,098 Crores. It has delivered multi-bagger returns of 328 percent in a year.
Apollo Micro Systems Limited has secured multiple worth Rs. 20.76 Crores from the Ministry of Defence. These orders comprise confirmed orders received and the Lowest Bid tenders for which the company has been declared the Lowest Bidder. In addition to this, it has also successfully secured orders valued at Rs. 15.82 crores from a private company.
Apollo Microsystems is engaged in the design, development, and assembly of custom-built electronics and electro-mechanical solutions and many more for aerospace, defence, space, transportation, and homeland security markets.
Its manufacturing facility is located in Hyderabad and has a built-up area of 55,000 sq. ft. with a team of 300+ employees, including 150+ employees in R&D. It actively invests an average of 7-8 percent of generated revenue in R&D for developing and testing critical components under the DRDO program.
Apollo Micro Systems is establishing a 2,50,000 sq ft state-of-the-art defense electronics and electromechanical manufacturing facility in Hyderabad with an investment of Rs. 150 Crores.
The company’s revenue from operations grew 22.34 percent from Rs. 243.19 Crores in FY22 to Rs. 297.53 Crores in FY23, accompanied by increasing profits of Rs. 14.62 Crores to Rs. 18.75 Crores.
Written by: Bharath K.S
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