Apollo Micro Systems Sees Stronger Defence Order Flow as Subsidiary Wins Rs 1,500 Million Contract

Apollo Defense Industries Private Limited, a subsidiary of Apollo Micro Systems Ltd., has reported a fresh business gain. In an exchange filing dated January 1, 2026, the company said Apollo Defense Industries secured a contract worth Rs 1,500 million from a private sector customer, signalling stronger defence sector traction.

The agreement is described as being in the ordinary course of business, yet it marks a larger role for Apollo Defense Industries in aerospace and defence supply chains. The new order adds to execution visibility and underlines how private defence buyers are relying more on Apollo Micro Systems’ capabilities.

Earlier, Apollo Micro Systems disclosed that its subsidiary had obtained multiple supply orders totalling Rs 421 crore. A running contract of Rs 419.39 crore went to IDL Explosives for bulk explosives supplies to various Coal India subsidiaries, alongside an export order for cartridge explosives valued at Rs 1.5 crore.

"The total value of orders received is Rs 420.89 crore," the corporation stated in a statement. These new mandates, together with the Rs 1,500 million contract, strengthen the company’s consolidated order book and provide better revenue visibility for the coming periods, especially across defence-linked verticals.

Apollo Micro Systems operates as a component partner across missile and naval warfare systems, supporting more than 700 onboard technologies. The company participates in over 150 domestic programmes and 60 Defence Capability Partnership Programme (DcPP) activities, reflecting broad engagement across India’s defence manufacturing ecosystem and long-term platform lifecycles.

For the full financial year 2024-2025, Apollo Micro Systems reported revenue of Rs 562.07 crore, up 51.2% year-on-year. EBITDA stood at Rs 132 crore, a 54% increase, with margins of 23.5%. Net profit rose more than 81% to Rs 56 crore, aided by sustained order inflows.

Apollo Micro Systems market capitalisation and valuation

According to the latest available market data, Apollo Micro Systems now has a market capitalisation of Rs 9,126.05 crore. Screener data shows a Return on Capital Employed of about 14.5% and Return on Equity near 10.2%, suggesting moderate profitability relative to the capital base.

The company’s book value per share is around Rs 32.3, with a dividend yield of 0.09%. Apollo Micro Systems trades at a Price-to-Book ratio of 6.18 and a Price-to-Earnings ratio of 118.7673. Over the past 52 weeks, the stock moved between Rs 103.77 and Rs 354.7.

These financial and market indicators show that Apollo Micro Systems is combining rising defence-linked orders with expanding operations and a higher valuation. The latest Rs 1,500 million contract and the Rs 420.89 crore explosives orders further embed the group within India’s defence and mining supply chains.