Apollo Micro Systems Secures Fresh Defence Order and Sees 45-50% FY2026-27 Growth Path

Apollo Micro Systems Limited informed exchanges on 2 January 2026 that it has emerged as the lowest bidder for a fresh order from a Defence Public Sector Undertaking. The contract value stands at Rs 257.89 million and falls under the company’s normal business activities. Management has planned an execution window of eighteen months under its existing project schedule.

The disclosure to BSE Limited and the National Stock Exchange of India Ltd aims to keep shareholders updated on new defence orders and the expanding order book. The company has been reporting a steady flow of contracts across defence and allied sectors, supporting its growth targets for the coming financial years.

This L1 status follows a separate announcement made on 1 January 2026. On that date, subsidiary Apollo Defence Industries Private Limited secured an order worth Rs 150 crore from a private sector organisation. In late December 2025, IDL Explosives Limited also received a bulk explosives contract worth Rs 419.39 crore from Coal India subsidiaries.

The new defence sector win adds to an already sizeable pipeline across government and private customers. Management has communicated a base-case revenue growth expectation of 45-50% for FY2026-2027. This target is supported by the existing order book, ongoing bids and recent agreements with government agencies.

Since its establishment in 1985, Apollo Micro Systems has grown into a supplier of integrated defence systems. The company works on mission-critical electronics for missile systems, avionics, naval platforms and space programmes. Regular collaborations include organisations such as ISRO and DRDO, covering both payload electronics and ground support systems.

The company benefits from policy support for defence and space manufacturing within India. It is involved in more than 150 domestic defence and space projects. Management is broadening the portfolio beyond electronics into higher-value hardware, including anti-drone systems and Directed Energy Weapons. For laser-based DEW, it has recently obtained Transfers of Technology from DRDO.

Apollo Micro Systems share price, technical trends and institutional holdings

Trendlyne data shows the Relative Strength Index for Apollo Micro Systems shares stands near 60. This mid-range level indicates sustained trading interest, while the stock is not yet classified as clearly overbought. Price action continues to attract traders tracking momentum indicators and volume trends.

The stock currently trades above its key simple moving averages, indicating positive medium and long-term trends. Both the 50-day and 200-day SMAs are acting as support levels, according to available technical data.

Indicator	Level
RSI (approx.)	~60
50-day SMA	Rs 265.5
200-day SMA	Rs 215.7

Institutional participation in Apollo Micro Systems has increased over recent quarters. Total institutional holding stands at 9.21%. Within this, Foreign Institutional Investors hold 7.83%, rising 1.78%. Mutual fund exposure shows a small decline of 0.21%, leaving their stake at 1.27% of the equity base.

Investor category	Holding	Change
Total institutional	9.21%	Not specified
FII	7.83%	+1.78%
Mutual funds	1.27%	-0.21%

The company’s shares have remained active on the NSE (ticker: APOLLO) and BSE (code: 540879) since 22 January 2018. Over the latest 52-week period to early 2026, the stock has moved between Rs 103.77 and Rs 354.70. This wide trading range reflects changing sentiment around defence spending and project visibility.

On the business side, Apollo Micro Systems continues to build partnerships and secure new defence work. It has signed a Memorandum of Understanding with the Telangana government and obtained several DRDO orders, which may widen revenue opportunities. Together with the recent L1 status and earlier contracts, these developments support management’s stated growth expectations.