Apollo Micro Systems Bags Rs 258 Mn Defence Order; Emerges As Lowest Bidder For PSU

Apollo Micro Systems Limited announced a significant development in its business operations on January 2, 2026. The firm announced that it was the lowest bidder for a new contract with a Defence Public Sector Undertaking in a formal report to the BSE Limited and the National Stock Exchange of India Ltd. This project is worth Rs 257.89 million and was won in the regular course of business.

The order is anticipated to be completed in eighteen months, according to the company's well-defined project plan. This update was provided to ensure shareholders remain informed of the company's ongoing growth and operational successes.

This L1 status follows Apollo Micro Systems' announcement on January 1, 2026, that its subsidiary, Apollo Defence Industries Private Limited (ADIPL), had won a contract for Rs 150 crore from a private sector organization. Additionally, in late December 2025, IDL Explosives Limited, another company, received a huge order for bulk explosives for Rs 419.39 crore from Coal India subsidiaries.

The corporation is a major benefit of the government's effort for military industrial self-reliance, since it is a key participant in more than 150 domestic defence and space initiatives. Apollo is expanding beyond electronics into more expensive hardware, such as anti-drone devices and Directed Energy Weapons (DEW). For laser-based DEW, it has recently received Transfers of Technology (ToTs) from DRDO. For the FY2026-2027 period, management has given a base-case revenue growth rate of 45-50%.

Trendlyne's data indicates that the Relative Strength Index (RSI), a crucial oscillator that gauges price momentum, is situated in the mid-range (~60). This suggests that traders have maintained technical interest in the stock, even if it has been rising and is not yet clearly overbought. The stock is trading above two important simple moving averages, the 50-day SMA (Rs 265.5) and the 200-day SMA (Rs 215.7), according to Trendlyne data, indicating a medium- and long-term price rise.

Since its founding in 1985, Apollo Micro Systems has developed into a full-spectrum supplier of defence systems. The company, which frequently works with organizations like ISRO and DRDO, specializes in mission-critical electronics for missile platforms, avionics, naval systems, and space applications.

The shareholding pattern shows that professional investors are becoming more interested in the stock. The total institutional holding has climbed to 9.21%, while the share of Foreign Institutional Investors (FII) has increased by 1.78% to 7.83%. Mutual fund holdings, on the other hand, witnessed a modest decline of 0.21%, ending at 1.27%.

The share price has fluctuated from a low of Rs 103.77 to a high of Rs 354.70 during the course of 52 weeks as of early 2026. Since January 22, 2018, the stock has been active on the NSE (APOLLO) and BSE (540879). In terms of the company's strategy, the business keeps growing; it recently executed a Memorandum of Understanding with the Telangana government and secured many DRDO orders, which would increase its potential revenue exposure.