Synopsis:
Apollo Micro Systems Ltd. has been declared as the lowest bidder by DRDO and Defence Public Sector Undertakings for a total worth of about Rs 39 crore and also has been approved for Transfer of Technology (ToT) of Mechatronic Fuze for Grenade by DRDO.
The shares of this pioneer in design, development, assembly and testing of electronic and electro mechanical solutions company was in the news due to the successful bidding of two orders one from DRDO and the other from defence public sector undertaking.
With a market cap of around Rs 9,787 Crore this small cap defense stock gained 2% and made a high of Rs. 301.75 compared to its previous day closing price of Rs 291.15. The shares made a 52 week high of Rs 354.7 being around 21% away from its high.
About the two biddings and more
There were two announcements made by the company, the first was of the Lowest Bidder Status saying that the Company has been declared as the lowest bidder by DRDO for orders worth Rs 4.3 crore and has also been declared as the Lowest Bidder for orders worth Rs 34.97 crore by Defence Public Sector Undertakings.
Coming to the second work order it involves the Transfer of Technology(ToT) of Mechatronic Fuze for Grenade approved by DRDO. These two work orders increase the revenue and future potential of the company.
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Financials and more
The sales for the company stood at Rs 91 crore in Q1 FY25 which grew to Rs 134 crore in Q1 FY26 increasing by about 46.47%.Similarly the net profit also grew by 125% when we compare Q1 FY25 net profit of Rs 8 crore to Rs 18 crore in Q1 FY26.
Apollo Micro Systems specializes in designing and selling high performance electronic and electro mechanical solutions for India’s defense, space, and homeland security sectors. With over 40 years of established presence in the Aerospace and Defence sector, it has brought over 700+ technologies to the field.
In addition to robust hardware and engineering portfolio, it delivers integrated, technology-driven solutions across secure communications, underwater electronic warfare, and air defence. These advanced systems are engineered to equip defence clients with reliable, mission-ready capabilities tailored to their operational needs.
Furthermore, it offers custom-designed Commercial Off-the-Shelf (COTS) solutions, precisely configured to meet the specialised requirements of both defence and space sectors.
It has a strong client base with well-known players like DRDO, Bharat Dynamics, Solar Industries, ISRO, Bharat Electronics, Brahmos, HAL and many others
Written by Leon Mendonca
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