Small Cap Multibagger Defence Stock Up 854% In 2-Yrs Secures Orders Worth Rs 20.76 Crore

The share price of Apollo Micro Systems Ltd remained in focus on Wednesday after the company informed that it has secured multiple orders amounting to Rs. 20.76 crores from the Ministry of Defence. The company said that these orders comprise both confirmed orders received and Lowest Bid tenders for which the company has been declared as the Lowest Bidder, highlighting the company's ongoing engagements in the defense sector. Furthermore, the company has also successfully secured orders valued at Rs. 15.82 crores from a private company.

Today, shares of Apollo Micro Systems were trading 0.29% higher at Rs 119.35 at 12:42 pm IST. At this share price, the company has a market capitalization of Rs 3,134.83 crore. On November 16, this year, the stock hit a new lifetime high of Rs 146.70 per share.

Apollo Micro Systems Ltd is a small-cap multi-bagger stock that operates in the Electric/Electronics sector. In the last six months, the returns from Apollo Micro Systems stock price have gained 225.78%.The stock has delivered 330.38% returns in the last one year. The last two years and last three years returns from shares of Apollo Micro Systems Ltd have increased 854.40% and 846.07% respectively. In this year so far, the stock has gained 290.12%.

In an exchange filing on December 12, the company said, "Apollo Micro Systems Limited has recently secured multiple orders amounting to Rs. 20.76 crores from Ministry of Defence. These orders comprise both confirmed orders received and Lowest Bid tenders for which the company has been declared as the Lowest Bidder, highlighting the company's ongoing engagements in the defense sector. Furthermore, the company has also successfully secured orders valued at Rs. 15.82 crores from a private company."

The company reported a 300% YoY growth in the consolidated net profit to Rs 6.56 crore for the September quarter. During this period, the company's revenue from operations surged over 55% YoY to Rs 87.16 crore.

About the company:

Apollo Micro Systems Limited is involved in the design, development, assembly, and testing of Ruggedized Custom Built Electronic Hardware and software solutions for mission-critical applications. The solutions offered by the company are based on state-of-the-art technologies for the Aerospace, Defence, Space, Transportation, and Home Land Security markets.