Apollo Micro System share: Ever since the Indian Central Government introduced the vision of ‘Aatmanirbhar Bharat’ or ‘Self-reliant India,’ there has been a noticeable acceleration in the growth trajectory of companies operating within the defence sector. One reason for this momentum is the government’s ongoing commitment to prioritizing domestic companies when placing orders. Amid these companies, the name Apollo Micro System stands out.
Apollo’s Soaring Stock Performance
Apollo Micro System share, associated with the defence sector, has witnessed its shares soar at an unprecedented rate. As of March 27, 2020, its shares were priced around Rs. 4. Yet, in recent times, they’ve been trading over Rs. 73. The shares reached an all-time high of Rs. 76.40, marking a near 14% rise on that day alone. From March 2020 onwards, the stock has proven to be a multibagger, offering investors a staggering return of approximately 1560%.
Recent Share Split by the Company
In May, to accommodate its growing investor base and make its shares more accessible, the company underwent a stock split. Originally, with a face value of Rs. 10 per share, the split adjusted it to Rs. 1 per share, effectively giving shareholders 10 shares for every one they held. Such splits are often deployed by companies to make their shares more affordable for a broader audience.
Impressive Client Portfolio
Apollo Micro System share, boasting a market cap of Rs. 1700 crore, has an impressive list of clients. Key names include NTPC, ISRO, Tata Steel, NMDC, Ministry of Defence, BHEL, HAL, RCE, National Aerospace Lab (NAL), Indian Railways, Bharat Dynamics, and ONGC, to name a few. Notably, the company played a role in ISRO’s Chandrayaan-1 launch. Apollo Micro System has been providing advanced mission-critical defence solutions and services to various governmental bodies under the Ministry of Defence.
Reason Behind the Rapid Growth
A major growth catalyst for Apollo Micro System has been its announcement to establish a new unit in Hyderabad, with an investment of around Rs. 150 crore. The establishment of a defence manufacturing plant in Hyderabad will significantly bolster the company’s business prospects. The plant is targeted to be operational within nine months. Furthermore, the company had earlier issued 6.66 lakh shares to a non-promoter group on a preferential basis, which has already received board approval.
Apollo Micro System stands as a testament to the growing self-reliance and innovation in India’s defence sector. As India continues to focus on strengthening its domestic industry capabilities, companies like Apollo are set to play a pivotal role in shaping the future of the nation’s defence ecosystem.