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Apollo Micro Systems Stock: Angel One Shagun Ke Shares 2026 Report (Part 8 of 8)

Written by: Vaqarjaved Khan, CFAUpdated on: 7 Nov 2026, 2:30 pm IST
According to Angel One Shagun Ke Shares Diwali Picks Report 2026, Apollo Micro Systems features among its eight Diwali picks, supported by strong revenue growth, a record order book and its expanding defence electronics business.
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Apollo Micro Systems is a Hyderabad-based defence and aerospace company specialising in mission-critical electronics, weapon systems and integrated defence solutions. 

As part of its Shagun Ke Shares Diwali Picks Report 2026, Apollo Micro Systems is one of the eight fundamental stock picks. 

Apollo Micro Systems - Investment Rationale 

Apollo Micro Systems is a Hyderabad-based pure-play defence electronics and weapon-systems company participating in 150+ indigenous programmes (including BrahMos-NG, QRSAM, Pinaka and Akash-NG), now backward-integrated into explosives via IDL Explosives and a 41.33% stake in Premier Explosives.  

In Q2 FY27 (reported 24 October 2026), consolidated revenue rose 72% YoY to ₹388 crore, EBITDA rose 88% to ₹111 crore at a 28.6% margin, and PAT rose 54% to ₹46 crore. H1 FY27 revenue was ₹639 crore (+78%) and the order book is a record ₹1,765 crore.  

Management guided to 40–45% revenue growth for FY27 on the Q1 call, which H1 is already running ahead of. Watch-points: debtor days of ~194, a ~36% promoter pledge and the auditor's going-concern flag on loss-making subsidiaries. 

If you missed the first seven stocks, click here to explore them and their investment rationale.

Financial Performance of Apollo Micro Systems 

Particulars (₹ Cr) 

FY24 

FY25 

FY26 

FY27E 

FY28E 

FY29E 

Revenue (₹ Cr) 

372 

562 

904 

1,380 

1,794 

2,243 

Revenue Growth (%) 

24.8 

51.1 

60.9 

52.7 

30.0 

25.0 

EBITDA (₹ Cr) 

84 

129 

219 

359 

484 

617 

EBITDA Margin (%) 

22.6 

23.0 

24.2 

26.0 

27.0 

27.5 

PAT (₹ Cr) 

31 

56 

107 

175 

235 

300 

PAT Margin (%) 

8.3 

10.0 

11.8 

12.7 

13.1 

13.4 

ROE (%) 

6.9 

9.9 

11.2 

12.1 

13.8 

15.2 

P/E (x) 

449.2 

248.7 

130.1 

79.6 

59.3 

46.4 

Source: Angel One Diwali Pick Report 2026 

Apollo Micro Systems Share Price Performance 

As of November 6, 2026, Apollo Micro Systems shares closed at ₹413.35 on the BSE, registering a 5.14% fall compared to their previous closing price. 

Over the past year, Apollo Micro Systems shares have delivered a return of around 55%, compared with an increase of approximately 4% in the BSE Industrial Index. 

Business Overview: Apollo Micro Systems 

Apollo Micro Systems is a defence and aerospace company providing mission-critical electronics, weapon systems and integrated defence solutions. The company caters to the land, air, naval and space segments and works with DRDO, the Indian Armed Forces and defence OEMs. As of September 2026, it had an order book of ₹17,650 million and is expanding its presence across missile, underwater warfare and counter-drone technologies. 

We have now covered all eight stocks featured in Angel One Shagun Ke Shares Diwali Picks Report 2026, with one stock and its investment rationale explored every day. 

On behalf of Angel One, we wish you and your family a very Happy Diwali. May the festive season bring happiness, prosperity, and informed investment decisions. Happy investing! 

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Published on: Nov 7, 2026, 9:00 AM IST

Vaqarjaved Khan, CFA

Vaqarjaved Khan is a Senior Analyst at Angel One with nearly 10 years of experience in Indian equity markets. At Angel One he covers company and industry research, portfolio management, macro analysis and valuations. His work supports client-facing research and advisory across large, mid and small-cap names. He holds an MBA in Finance, the CFA charter (US), FMVA, and NISM Research Analyst certification. 

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