Synopsis:
Apollo Micro Programs Ltd. has been declared because the lowest bidder by DRDO and Defence Public Sector Undertakings for a complete price of about Rs 39 crore and likewise has been accredited for Switch of Expertise (ToT) of Mechatronic Fuze for Grenade by DRDO.
The shares of this pioneer in design, growth, meeting and testing of digital and electro mechanical options firm was within the information because of the profitable bidding of two orders one from DRDO and the opposite from defence public sector enterprise.
With a market cap of round Rs 9,787 Crore this small cap protection inventory gained 2% and made a excessive of Rs. 301.75 in comparison with its earlier day closing value of Rs 291.15. The shares made a 52 week excessive of Rs 354.7 being round 21% away from its excessive.
In regards to the two biddings and extra
There have been two bulletins made by the corporate, the primary was of the Lowest Bidder Standing saying that the Firm has been declared because the lowest bidder by DRDO for orders price Rs 4.3 crore and has additionally been declared because the Lowest Bidder for orders price Rs 34.97 crore by Defence Public Sector Undertakings.
Coming to the second work order it includes the Switch of Expertise(ToT) of Mechatronic Fuze for Grenade accredited by DRDO. These two work orders enhance the income and future potential of the corporate.
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Financials and extra
The gross sales for the corporate stood at Rs 91 crore in Q1 FY25 which grew to Rs 134 crore in Q1 FY26 rising by about 46.47%.Equally the online revenue additionally grew by 125% after we evaluate Q1 FY25 internet revenue of Rs 8 crore to Rs 18 crore in Q1 FY26.
Apollo Micro Programs focuses on designing and promoting excessive efficiency digital and electro mechanical options for India’s protection, house, and homeland safety sectors. With over 40 years of established presence within the Aerospace and Defence sector, it has introduced over 700+ applied sciences to the sphere.
Along with sturdy {hardware} and engineering portfolio, it delivers built-in, technology-driven options throughout safe communications, underwater digital warfare, and air defence. These superior programs are engineered to equip defence purchasers with dependable, mission-ready capabilities tailor-made to their operational wants.
Moreover, it presents custom-designed Industrial Off-the-Shelf (COTS) options, exactly configured to fulfill the specialised necessities of each defence and house sectors.
It has a powerful consumer base with well-known gamers like DRDO, Bharat Dynamics, Photo voltaic Industries, ISRO, Bharat Electronics, Brahmos, HAL and lots of others
Written by Leon Mendonca
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