Apollo Micro Systems

₹101.1 -0 | 0%

WEBSITE BSE:540879 NSE : APOLLO 10 May, 16:01

Market Cap ₹3020 Cr.

Stock P/E 95.9

P/B 3.6

Current Price ₹101.1

Book Value ₹ 27.9

Face Value 1

52W High ₹161.8

Dividend Yield 0.02%

52W Low ₹ 32.2

Edit Ratio

Apollo Micro Systems Research see more...

Apollo Micro Systems Ltd.: Innovation in Aerospace and Defense

Overview Inc. Year: 1997Industry: Electronics - Components

Apollo Micro Systems Limited designs, develops, assembles, and checks electronic and electro-mechanical solutions in India. The agency offers DSP merchandise, missile hardware simulators, included avionics modules, widely wide-spread PCM encoders and decoders, DSSS de-modulators, seeker electronics, RPF and sign processing structures, turret manage and energy units, missile interface units, launcher controllers, launcher interface devices, tiger sharc DSP-sign processors, quad actuator controllers, fault tolerant and machine relay containers, and DSP controllers. It offers ESM-eagle package, embedded arss, PSU, and auxiliary controllers; and incorporated payload checkout structures, satellite data simulators, high speed frame synchronizers, time code readers/turbines, bit synchronizers, monopulse tracking receivers, PCIE-HSDR systems, PCM- channel decommutators, PCIe based channel facts acquisition cards, and PCI-X based two channel serial statistics acquisition cards. It also offers avionics solutions; public deal with display structures, caution systems, automobile monitoring solutions and command control solutions, mine control systems, weight-in-movement systems, tyre care merchandise, passenger records systems, and station announcement systems; Ethernet, base band modules, converters, USB/Ethernet protocol converters, dual information bus couplers, records bus solutions, and diverse formulas; and solar avenue lighting fixtures, CCTV surveillance, car tracking, boom barrier, RFID fleet management, UAV detecting and jamming, GSM interception, Wi-Fi interception, lawful interception, and transportable x-ray inspection structures, as well as passenger information presentations, wall radar, reactive convoy and stationary jammers, and transportable and stationary bomb jammers. The employer presents electronic manufacturing, hardware layout, IT and software, and digital and mechanical CAD offerings; and weapon, platform, and other device integration services. The corporation was established in 1985 and is based in Hyderabad, India.

Apollo Micro Systems Share Price

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Peer Comparison

Apollo Micro Systems Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	46	65	106	56	56	82	107	58	87	91
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	46	65	106	56	56	83	107	58	87	92
Total Expenditure	36	53	89	46	46	63	84	45	69	67
Operating Profit	10	12	16	10	10	20	23	13	19	25
Interest	4	4	5	4	4	6	7	8	7	7
Depreciation	2	3	2	3	3	3	3	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	-2	-1	0	0	0
Profit Before Tax	4	6	9	4	4	9	11	3	9	14
Provision for Tax	1	3	1	2	2	3	4	1	2	4
Profit After Tax	3	3	8	2	2	7	7	2	7	10
Adjustments	0	0	0	0	0	0	0	0	0	-0
Profit After Adjustments	3	3	8	2	2	7	7	2	7	10
Adjusted Earnings Per Share	0.1	0.2	0.4	0.1	0.1	0.3	0.3	0.1	0.3	0.4

Apollo Micro Systems Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	246	203	243	298	343
Other Income	2	1	1	1	0
Total Income	247	204	244	298	344
Total Expenditure	197	165	198	233	265
Operating Profit	50	39	46	65	80
Interest	15	16	17	22	29
Depreciation	10	9	9	10	12
Exceptional Income / Expenses	0	0	0	-3	-1
Profit Before Tax	25	14	20	29	37
Provision for Tax	11	4	6	10	11
Profit After Tax	14	10	15	19	26
Adjustments	0	0	0	0	0
Profit After Adjustments	14	10	15	19	26
Adjusted Earnings Per Share	0.7	0.5	0.7	0.9	1.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	7%	0%	0%
Operating Profit CAGR	41%	9%	0%	0%
PAT CAGR	27%	11%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	191%	112%	51%	NA%
ROE Average	6%	5%	5%	5%
ROCE Average	11%	9%	9%	9%

Apollo Micro Systems Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	296	305	319	383
Minority's Interest	0	1	1	1
Borrowings	0	0	1	2
Other Non-Current Liabilities	14	17	21	28
Total Current Liabilities	156	209	258	279
Total Liabilities	465	532	599	693
Fixed Assets	50	49	86	106
Other Non-Current Assets	37	53	30	33
Total Current Assets	379	429	483	553
Total Assets	465	532	599	693

Apollo Micro Systems Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	8	0	0	0
Cash Flow from Operating Activities	47	6	43	-16
Cash Flow from Investing Activities	-19	-23	-24	-35
Cash Flow from Financing Activities	-36	17	-19	51
Net Cash Inflow / Outflow	-8	0	0	-0
Closing Cash & Cash Equivalent	0	0	0	0

Apollo Micro Systems Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.67	0.49	0.7	0.9
CEPS(Rs)	1.15	0.91	1.14	1.4
DPS(Rs)	0.05	0.03	0.03	0.03
Book NAV/Share(Rs)	14.25	14.7	15.38	16.26
Core EBITDA Margin(%)	19.79	18.97	18.72	21.54
EBIT Margin(%)	16.42	15.01	15.34	17.25
Pre Tax Margin(%)	10.27	7.12	8.33	9.73
PAT Margin (%)	5.7	5.05	6.01	6.3
Cash Profit Margin (%)	9.72	9.33	9.7	9.78
ROA(%)	3.01	2.06	2.58	2.9
ROE(%)	4.73	3.41	4.68	5.71
ROCE(%)	10.64	7.61	8.71	10.68
Receivable days	201.09	274.08	229.56	173.59
Inventory Days	308.66	389.71	391.62	391.15
Payable days	115.38	163.62	207.92	209.09
PER(x)	6.62	18.48	16.78	30.66
Price/Book(x)	0.31	0.62	0.77	1.7
Dividend Yield(%)	1.12	0.27	0.21	0.09
EV/Net Sales(x)	0.67	1.44	1.42	2.35
EV/Core EBITDA(x)	3.26	7.47	7.45	10.77
Net Sales Growth(%)	0	-17.42	19.76	22.34
EBIT Growth(%)	0	-24.51	22.4	37.6
PAT Growth(%)	0	-26.84	42.58	28.21
EPS Growth(%)	0	-26.83	42.56	28.27
Debt/Equity(x)	0.28	0.38	0.36	0.42
Current Ratio(x)	2.43	2.06	1.87	1.98
Quick Ratio(x)	1.1	0.97	0.72	0.76
Interest Cover(x)	2.67	1.9	2.19	2.29
Total Debt/Mcap(x)	0.9	0.62	0.47	0.25

Apollo Micro Systems Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.1	59.1	59.1	59.1	59.1	59.1	59.1	52.67	53.21	53.21
FII	3.9	1.75	1.78	0.71	0.65	0.12	0.17	5.27	11.01	11.14
DII	0	0	0	0	2.63	3.59	3.63	3.31	0.01	0.01
Public	37	39.15	39.11	40.19	37.62	37.19	37.1	38.75	35.76	35.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.23	1.23	1.23	1.23	1.23	1.23	12.27	12.27	15.03	15.03
FII	0.08	0.04	0.04	0.01	0.01	0	0.03	1.23	3.11	3.15
DII	0	0	0	0	0.05	0.07	0.75	0.77	0	0
Public	0.77	0.81	0.81	0.83	0.78	0.77	7.7	9.03	10.1	10.06
Others	0	0	0	0	0	0	0	0	0	0
Total	2.08	2.08	2.08	2.08	2.08	2.08	20.76	23.3	28.24	28.24

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 5% over the last 3 years.
Debtor days have increased from 207.92 to 209.09days.
Stock is trading at 3.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.