Overview
The Company was established in 1985 with a aim to design, development and assembly of Custom Built Electronics and Electro-mechanical solutions. It provides technologies for Aerospace, Defence and Space as prime customers and also serve solutions for Railways, Automotive and Home Land Security markets.
Sectors and Products Details
The products of company used in various demanding sectors in India. Sectors with their products are discussed briefly as follows.
a. Aerospace
Aerospace systems requires high reliability, low power consumption. This company offers Electronic systems for mission critical and safety critical applications. The name of the products are : Integrated Avionics Modules, DSP and DSP controller, Missile Interface Unit, Missile Hardware Simulator, Generic PCM encoder and decoder, RPF Electronic Modules, Launcher Controller and Interface Unit, Quad Actuator and Controller, DESS DE- Modulator, SEEKER electronics, Turret Control Unit and Power Control Unit, Tiger-Shre DSP-Signal Processing Unit, Fault Tolerant Ready Box and System Relay Box etc.
b. Ground Defence
The company offers ruggedized COTS-embedded hardware and software solutions that excel in extreme environments. Again the company claims that , the equipment prepared by them are very robust which meets the highest military standards. The company provides to costumer processing, networking, data storage and information assurance capabilities in an operation which is unprecedented. The name of the products provide by company are : ESM-Eagle Kit, Embedded Arss Controller, PSU Controller and Auxillary Controller etc.
c. Space
The company provides both Ground based Checkout and Data processing requirements of space applications. The Company offers systems which are CCSDS compliant. It provides unique payload checkout systems which meet multi-mission requirements. The products provided by the Company for space are : Integrated Payload Checkout Systems, Satellite Data Simulator, High Speed Frame Synchronizer, Time Code Reader/Generator, Bit Synchronizer, Monopulse Tracking Receivers, PCIE-HSDR, PCle Based Two Channel Data Acquisition Card, Two Channel Decommutator and PCI-X Based Two Channel Serial Data Acquisition Card etc.
d. Transportation
The company offers multifaceted technology solutions for transportation. The solutions like costum built public address display systems, warning systems for rail transportation. It also provides vehicle tracking solutions and command control solutions for mining industry. The products in transportation divisions are : MineMaster, Weight-in-Motion System (Wims), Tyre Care, Passenger Information System, Station Announcement System etc.
e. Embedded Solutions
The company also provides embedded solutions i.e., it provides the product which connet hardware to software. The products such as 1553-ETHERNET-RS422, IF TO BASE BAND MODULE, RS232 TO 422 CONVERTER, 1553B to USB/Ethernet Converter Protocol, MIL-STD-1553B DUAL DATA BUS COUPLER and SOLUTIONS, FORMULA TT2 AND TT3, FORMULA HF ULTRA and FORMULA HF3-512 ETC.
f. Home and Land Secuirity
By keeping the eye on Global Security, the company’s managers are constantly relying on digital visions and recorded data bases to counter or capture vital data to take preventive actions or action after the scene. The company said that a specified team constantly working on different models and scenarios to productively capture the scenes of the crime and applying IMINT (Image Intelligence Technologies) algorithms to capture the culprits in real time or near real time basis. The products under this divisions are : Solar Smart Street Lighting, CCTV Surveillance, Vehicle Tracking System, Boom Barrier System, RFID Fleet Management, Passenger Information Displays, Through Wall Radar SV003 and SV007, Reactive Convey Jammer, Portable Bomb Jammer, Basic, Standard and High-end UAV Detecting and Jamming System, GSM, Standard Wi-Fi, High-end Wi-Fi Interception System and many more.
Avionic
The company also contributes in Avionic products. The entire process i.e from concept to design and manufacturing to providing after sales services is being offered by the company. In this sector the products provided by company are : PV2 junction Box, Cockpit Display and Steady Copter etc.
Clients
There are number of giant clients of the company. Most of them are Government clients. The name of the clients are : ONGC, CCMB, INDIAN RAILWAYS, SCCL, NTPC, NMDC, RCI, TATA STEEL, NAL, HAL, BHARAT DYNAMICS LTD., ISRO, AERONAUTICAL DEVELOPMENT AGENCY, BEHL, CSIR-NGRI, and GENERAL ELECTRIC etc. By considering the clients of the company it seems to be higher potential in its revenue as well as in its profit.
Name of the Stock and People behind it
The name of the company is Apollo Microsystems Ltd. The company completed its IPO successfully and listed its share on the NSE Exchange on 22nd January 2018 in NSE.
Mr. Baddam Karunakar Reddy (Founder and Managing Director)
He is the Founder and Managing Director of Apollo Microsystems Ltd. He founded AMS in 1985 as a Proprietary Company and in 1997 converted into a Private Limited company and he is heading the company under diversified board of Directors.
Under his leadership, AMS has grown from a design company to a turnkey solution provider. He was instrumental in successfully developing solutions for defence & space programmes with his innovative ideas and miniaturization techniques.
Mr. Chandrapati Venkata Siva Prasad (Whole-time Director (Technical))
He is the Whole-time Director (Technical) of Apollo Microsystems Ltd. He has done his M.Tech in Digital Signal Processing. He has 21 years of experience working on varied technologies.
He started his journey with AMS in 1999, after serving with several other companies for over eight years. He is expertise in design and product development and is the architect who has built complex weapon system electronics which have contributed to the success of several indigenous defence programmes. His profound knowledge on Space systems has delivered complex Payload Checkout systems and Telemetry Systems for Space Programmes.
Mr. Addepalli Krishna Sai Kumar (Whole-time Director (Operations))
He is the Whole-time Director (Operations) of Apollo Microsystems Ltd. He is an Engineering Graduate in Electronics and Communication with 16 Years of varied experience in marketing, finance & operations. He is serving AMS since 2003, and was instrumental in expanding its customer base, diversifying the company into various markets and implementing reforms in quality processes, building robust supply chain management.
Mr. Rangupathy Goud Theegala (Chairman and Independent Directror)
Mr. Theegala holds a Bachelor’s degree in commerce from Osmania University and a Bachelor’s degree in law from Bangalore University. He has also worked with the Andhra Pradesh Lokayukta and Upa-Lokayukta and is experienced in handling matters related to financial irregularities, abuse of power and corruption etc. He has been on the board of Apollo Microsystems Ltd company since 21, 2017.
Mrs. Karunasree Samudrala (Independent Director)
She has 22 years of extensive experience in Accounting, Audit, and Taxation. She has the experience in handling Audit Engagements and has worked with various types of audits such as Statutory, Internal, and Tax Audits, as well as audits in the FMCG, stock market, and banking sectors. She is a Fellow Member of the Institute of Chartered Accountants of India and a Commerce Graduate from Kakatiya University.
Mrs. Kavya Gorla (Non-Executive Non-Independent Director)
She has B tech. degree in Electronics and Communication Engineering. Due to her passion for airplanes she has pursue her flight training in Florida, United States of America. She has been a qualified pilot since 2007. She has extensive knowledge in the design and application of Airplane Aerodynamics, Airplane Engines, Avionics, and Radio Navigation Systems.
Mr. Aditya Kumar Halwasiya (Non-Executive Non-Independent Director)
He is bachelor in commerce from St. Xavier’s College, Kolkata and Master in Global Finance from Fodham University, New York, USA. He is a Dynamic 3rd Generation Entrepreneur, Investor and Scion of the Pan – India Universal -Halwasiya Group which was founded by the Late Shri Madan Mohan Halwasiya in the early 1960s.
Dr. Chandrashekar Matham (Non-Executive Independent Director)
He has a Doctorate Degree in “VLSI and Embedded Systems” from SK University, Anantapur, in 2009. He also completed an M. Tech. in EIE at the Indian Institute of Science (I.I.Sc.), Bangalore, in 1994. Additionally, he achieved an M. Sc. (Tech.) in 3-year Integrated Applied Electronics from Osmania University Campus in 1986. He has 21 years of Defence Industrial R&D experience and 11 years of Engineering Teaching Experience for UG & PG at Central and State Universities.
Finances and results
Finances
The market cap of the Apollo Micro System LTd. is ₹ 6,347 Cr.. The stock is trading in higher PE that is 111. It’s current price is ₹ 207. The 52 high and low are ₹ 212 and ₹ 88.0 respectively. The current book value is ₹ 19.9. The ROE and ROCE are 14.5 % and 10.2% respectively. The face value of the company is 1. So, there will be no split found in near future. Promoter holding has decreased over last 3 years 3.98%.
Results
Quarterly (in Crs.)
The sales of the company increases to 162 Cr. in March 2025 quarter which was 148 Cr. in December 2024 quarter. As Company’s expenses also increases from 110 Cr. (December 2024 ) to 126 Cr. (March 2025) Eventually, its operational profit as well as net profit also decreases (Operating profit in December 2024-38 Cr., Net profit in December 2024 -18 Cr., and Operating profit in March 2025- 36 Cr., Net profit in March 2025-14 Cr. respectively). Hence, EPS also decreases ₹ 0.6 (December 2024) to ₹ 0.47 (March 2025).
If we compare the financial results in between March 2024 and March 2025, we will observe a upward trend in sales, Operating Profit, Net Profit as well as in EPS. The Sales in March 2024 was 135 Cr., and it is in March 2025 is 162 Cr. The Operating Profit in March 2024 was 29 Cr., and it is in March 2025 is 36 Cr. The Net Profit in March 2024 was 13 Cr., and it is in March 2025 is 14 Cr. The EPS in March 2024 was ₹ 0. 47 , and it is in March 2025 is ₹ 0.47.
Standalone Profit and Loss (in crs.)
In the last five years i.e from March-2021 to March 2025 the sales of the Company are 203 Cr. (March 2021), 243 Cr. (March 2022), 298 (March 2023), 372 Cr. (March 2024) and 562 Cr. (March 2025). Eventually, its operation profit as well as net profit are: 39 Cr. and 10 Cr. (March 2021), 46 Cr. and 15 Cr. (March 2022), 64 Cr. and 19 Cr. (March 2023), 84 Cr. and 32 Cr. (March 2024), and 129 Cr. and 57 Cr. (March 2025). Hence, EPS are: ₹ 0.49 (March 2021), ₹ 0.7 (March 2022), ₹ 0.92 (March 2023), ₹ 1.12 (March 2024), ₹ 1.87 (March 2025).
The reserves of the Company from last five years are : 284 Cr. (March 2021), 299 Cr. (March 2022), 363 Cr.(March 2023), 491 Cr. (March 2024) and 578 Cr. (March 2025) respectively. The borrowings of the Company from last five years are : 116 Cr. (March 2021), 116 Cr. (March 2022), 144 Cr.(March 2023), 208 Cr. (March 2024) and 295 Cr. (March 2025) respectively. It seems the company has very good reserves as compared to its borrowings.
As the Company is in microcap category. So, it is better to consider the Company’s yearly performance instead of its quarterly performance. It seems Company’s revenue, profit as well as EPS all are in upward trend. By considering the Geo political tension the Government of India focuses to produce more indigenous weapons for self protection. In this way the products of the Company are more useful for weapon preparation. So, it seems that Company has very bright future growth.
Shareholding partern
In March 2024, the Promoters holding was 53.21% whereas in March 2025, the Promoters holding is 55.12%. The Promoters holding has increased by 1.91% in the FY 24-25 which is a very good sign about the Company as Promoters are more confident about his Company growth. But the FIIs has decreased by 10.21% and now holding is 0.93% in March 2025 (in March 2024 it was 11.14%) whereas DIIs has increased their holding 0.36% from 0.01% (in March 2024) to 0.37 %(in March 2025) and the public holding in March 2024 was 35.62% and in March 2025 it is 43.6%. The only red flag in this Company is Promoters has pledged their shares 47.97% which is quite risky. But it will not affect the Company’s performance may be they pledged their shares to expand the business.