From Rs 5 to Rs 100: Shares of Apollo Micro Systems have surged over 1,900%, do you own it?

Apollo Micro Systems Limited, an India-based company, that specialises in electronic, electromechanical, and engineering design, manufacturing, and supply, dedicated to designing, developing, and providing mission-critical solutions for the defence and space industry, experienced a significant increase in its share price today. 

At the start of the day, the stock began trading at Rs 92.85 per share, marking a 1.4% increase from the previous day’s closing price of Rs 91.53 per share on the BSE. Furthermore, the stock reached a significant milestone today, touching Rs 100 per share. As of writing this article, the stock is trading at Rs 100.30 per share, representing an impressive gain of 9.6% from its previous closing price. 

During the intraday session, it reached a high and low price of Rs 105.40 and Rs 89.84, respectively, and also hit a 52-week high price of Rs 105.40 per share today. The current market capitalisation of the company stands at Rs 2337 crore. Additionally, the stock has generated an impressive multibagger return of over 370% in the last year. 

Stock’s trading and delivery date: 

Financial Performance   

The company has not yet declared its results for the September quarter. In the June quarter of FY24, the company experienced a modest increase in its revenue from operations, rising from Rs 56 crore to Rs 58 crore, marking a 2.5% increase. The company reported an operating profit of Rs 12.7 crore, compared to Rs 10 crore in the corresponding quarter of the previous year. The operating profit margin stood at 22% during the June quarter. 

Meanwhile, the company’s net profit for the quarter amounted to Rs 1.8 crore, compared to a profit of Rs 1.6 crore in the corresponding quarter of the previous year. 

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are 12% and 6.5%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 127 times in the market. 

Business Overview: 

Apollo Micro Systems Limited, an India-based company, specializes in electronic, electromechanical, and engineering design, manufacturing, and supply. The company is dedicated to designing, developing, and providing mission-critical solutions for defence, space, and homeland security applications, serving the Ministry of Defense, government-controlled public sector undertakings, and private sector enterprises. Apollo Micro Systems offers tailored, commercially off-the-shelf (COTS) solutions designed to meet the unique needs of defence and space clients. Their portfolio includes avionic systems, aerospace systems, naval systems, satellite space systems, homeland security solutions, and transportation-related offerings.  

The company’s services encompass electronic manufacturing, hardware and software design, electronic and mechanical computer-aided design, weapon integration, platform integration, and other system integration services. Additionally, Apollo Micro Systems Limited has a subsidiary, Ananya SIP RF Technologies Private Limited. 

Stock Price Chart (Monthly time frame) 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.