Apollo Micro Systems: Hyderabad-based Apollo Micro Systems, which works mainly in the defence and aerospace sectors, has received a new order from the Defence Research and Development Organisation (DRDO).
The company announced that it has been chosen as the lowest bidder (L1) for orders worth ₹7.37 crore from DRDO. This news was shared in a filing today, January 28, 2025.
This is the second order the company has received from DRDO in two months. In December 2024, Apollo Micro Systems had secured another DRDO order worth ₹6.14 crore. Before that, it had won bids for orders worth ₹21.42 crore from Bharat Electronics Limited (BEL) and a private company.
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Apollo Micro Systems is listed on the BSE Small Index. According to ET Now, on January 28, its shares ended lower at ₹118.95 on the NSE. The company is not only active in defence and aerospace but also works in areas like infrastructure, transportation, and railways. Its market value currently stands at ₹3,645.69 crore.
In the past five years, the company’s stock has performed very well, making investors richer by nearly 1500%. Over three years, the stock has gone up 723%, and in two years, it has increased by 275%. However, the stock has stayed flat in the past year.
In May 2023, the company announced a stock split in the ratio of 10:1, where each share of ₹10 face value was split into 10 shares of ₹1.
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As of December last year the shareholding pattern shows that promoters own 55.12% of the company. Non-institutional investors hold 43.28%, while the remaining shares are owned by foreign investors (FIIs) and insurance companies.
