Apollo Micro Systems Limited was listed on the NSE and BSE on January 22, 2018. In the last five years, its stock has given a massive return of around 1500%. Will Apollo Micro Systems continue to provide such great returns in the future as well? Let’s explore Apollo Micro Systems’ growth potential and the Apollo Micro Systems share price target 2025 to 2050 in this article.
About Apollo Micro Systems
Apollo Micro Systems Ltd. was founded in 1985. It develops and manufactures electronic products for the defence, aerospace, and other industries. The company manufactures radar systems, control systems, and other important electronic items for military and aerospace applications.
Apollo Micro Systems Business Model
- Defence and Aerospace Solutions: Apollo Micro Systems Limited designs, develops, and manufactures electronic and electro-mechanical solutions for defence, aerospace, and space applications. The company serves key government agencies like DRDO, ISRO, HAL, and Bharat Electronics. It also offers products like missile guidance systems, inertial navigation systems, onboard computers, and ruggedized electronic subsystems.
- Maintenance and Support Services: The company generates revenue by providing repair, upgrade, and technical support for the products it sells.
Apollo Micro Systems Fundamental Analysis
| Stock Name | Apollo Micro Systems Ltd. |
|---|---|
| NSE Symbol | APOLLO |
| Market Cap | ₹ 4302 Cr. |
| 52W High | ₹ 221.38 |
| 52W Low | ₹ 199 |
| Stock P/E | 109 |
| Book Value | ₹ 18.8 |
| Dividend Yield | 0.04 % |
| ROCE | 12 % |
| ROE | 7 % |
| Face Value | ₹ 1.00 |
| Industry PE | 72.4 |
| Price to book value | 7.49 |
| Debt to equity | 0.37 |
| PEG Ratio | 34.1 |
| Quick ratio | 0.80 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 59.10% | 53.21% | 55.12% |
| FIIs | 0.12% | 11.14% | 0.93% |
| DIIs | 3.59% | 0.01% | 0.37% |
| Public | 37.19% | 35.62% | 43.60% |
| Others | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 42,134 | 1,79,049 | 2,80,427 |
Key Factors Driving Apollo Micro Systems’ Future Growth
- Government Push for Defence Modernisation: The Indian government has significantly increased its focus on developing defence production through initiatives such as ‘Atmanirbhar Bharat’ and ‘Make in India’. Apollo Micro Systems, a major player in electronic systems and subsystems for defence applications, stands to benefit directly from increased budget allocations to DRDO, the Indian Armed Forces, and other defence PSUs.
- Rising Demand for Advanced Avionics and Missile Systems: As India upgrades its defence capabilities with next-generation missiles, radars, communication systems, and UAVs, demand for Apollo Micro Systems’ core offerings of embedded electronics, rugged computing systems, and aerospace-grade sensors is expected to rise, ensuring long-term business growth.
- Diversification into Civil and Space Sectors: In addition to defence, Apollo Micro Systems is expanding into space (ISRO projects), homeland security, smart infrastructure, and rail. These new verticals not only reduce dependency on defence, but also create large-scale growth opportunities.
- Supportive Government Policies and Orders Pipeline: Policies such as the Defence Acquisition Procedure (DAP) 2020, increased defence capital expenditure, and production-linked incentives (PLIs) for electronics manufacturing are likely to boost domestic procurement. Apollo Micro Systems, with its proven track record and strategic partnerships, is well-positioned to capture these opportunities through a healthy order book.
Pros of Apollo Micro Systems
- Strong Sales Growth: Apollo Micro Systems has achieved a strong sales growth of 32% CAGR over the last three years.
- Strong Profit Growth: Apollo Micro Systems has achieved a strong profit growth of 57% CAGR over the last three years.
- Increase in Institutional Confidence: DIIs have increased their holding to 6.58% in June 2025 from 0.93% in March 2025, while FIIs have increased their holding to 1.41% in June 2025 from 0.37% in March 2025, indicating a strong institutional confidence in the company’s future growth prospects.
Cons of Apollo Micro Systems
- Low Return on Equity (ROE): Apollo Micro Systems’ 5-year average ROE is 6.83%, which shows that it is not using shareholders’ funds efficiently to generate profits.
- Overvaluation Concern: Apollo Micro Systems’ stock is trading at a PE ratio of 109 and a (P/B) ratio of 10.3, which shows that its stock is significantly overvalued compared to its earnings and assets.
- High Promoter Pledge: Apollo Micro Systems promoters have pledged 46.0% of their holding, which can be risky. If they fail to repay their loans, lenders might sell these shares, causing the stock price to fall.
Apollo Micro Systems Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | Sept 2024 |
|---|---|---|---|
| Equity Capital | 21 | 28 | 31 |
| Reserves | 363 | 491 | 545 |
| Borrowings | 144 | 208 | 212 |
| Other Liabilities | 165 | 228 | 264 |
| Total Liabilities | 692 | 955 | 1,052 |
| Fixed Assets | 106 | 144 | 163 |
| CWIP | 25 | 24 | 44 |
| Investments | 1 | 1 | 1 |
| Other Assets | 561 | 786 | 844 |
| Total Assets | 692 | 955 | 1,052 |
By the end of 2025, the Apollo Micro Systems share price is expected to be around ₹190 in normal conditions. In a bear market, it might be ₹180, and in a bull market, it may go up to ₹220.
| Apollo Micro Systems Share Price Target 2025 | Rupees (₹) |
|---|---|
| 1st Target | 180 |
| 2nd Target | 190 |
| 3rd Target | 220 |
In 2026, the Apollo Micro Systems share price is expected to be around ₹240 in a normal situation. In a bear market, it might be ₹210, and in a bull market, it may cross ₹300.
| Apollo Micro Systems Share Price Target 2026 | Rupees (₹) |
|---|---|
| 1st Target | 210 |
| 2nd Target | 240 |
| 3rd Target | 300 |
According to our analysis, the Apollo Micro Systems share price is expected to be around ₹280 in 2027. In a bear market, it might be ₹250, and in a bull market, it may cross ₹350.
| Apollo Micro Systems Share Price Target 2027 | Rupees (₹) |
|---|---|
| 1st Target | 250 |
| 2nd Target | 280 |
| 3rd Target | 350 |
According to our analysis, the Apollo Micro Systems share price may trade near ₹350 by 2028; bearish conditions could pull it down to ₹300, while a strong bull run might lift it to ₹500.
| Apollo Micro Systems Share Price Target 2028 | Rupees (₹) |
|---|---|
| 1st Target | 300 |
| 2nd Target | 350 |
| 3rd Target | 500 |
In a normal situation, the Apollo Micro Systems share price is projected to be approximately ₹400 in 2029. In a bear market, the value may be as low as ₹350, while in a bull market, it may rise to ₹620.
| Apollo Micro Systems Share Price Target 2029 | Rupees (₹) |
|---|---|
| 1st Target | 350 |
| 2nd Target | 400 |
| 3rd Target | 620 |
In a normal situation, the Apollo Micro Systems share price is projected to be approximately ₹550 in 2030. In a bear market, the value may be as low as ₹450, while in a bull market, it may rise to ₹800.
| Apollo Micro Systems Share Price Target 2030 | Rupees (₹) |
|---|---|
| 1st Target | 450 |
| 2nd Target | 550 |
| 3rd Target | 800 |
By 2035, the Apollo Micro Systems share price is projected to be around ₹1500 under normal conditions. In adverse markets, the price could fall to ₹900, while favorable conditions might push it up to ₹2400.
| Apollo Micro Systems Share Price Target 2035 | Rupees (₹) |
|---|---|
| 1st Target | 900 |
| 2nd Target | 1500 |
| 3rd Target | 2400 |
Under normal conditions, the Apollo Micro Systems share price might hit ₹3500 by 2040. A bearish trend could lower it to ₹1800, whereas a bullish surge could raise it to ₹7250.
| Apollo Micro Systems Share Price Target 2040 | Rupees (₹) |
|---|---|
| 1st Target | 1800 |
| 2nd Target | 3500 |
| 3rd Target | 7250 |
In 2050, the Apollo Micro Systems share price is expected to be around ₹20,000 in a normal situation. In a bear market, it might be ₹7200, and in a bull market, it may go up to ₹43,500.
| Apollo Micro Systems Share Price Target 2050 | Rupees (₹) |
|---|---|
| 1st Target | 7200 |
| 2nd Target | 20,000 |
| 3rd Target | 43,500 |
| Years | Target Price |
|---|---|
| Apollo Micro Systems Share Price Target 2025 | ₹180 to ₹220 |
| Apollo Micro Systems Share Price Target 2026 | ₹210 to ₹300 |
| Apollo Micro Systems Share Price Target 2027 | ₹250 to ₹350 |
| Apollo Micro Systems Share Price Target 2028 | ₹300 to ₹500 |
| Apollo Micro Systems Share Price Target 2029 | ₹350 to ₹620 |
| Apollo Micro Systems Share Price Target 2030 | ₹450 to ₹800 |
| Apollo Micro Systems Share Price Target 2035 | ₹900 to ₹2400 |
| Apollo Micro Systems Share Price Target 2040 | ₹1800 to ₹7250 |
| Apollo Micro Systems Share Price Target 2050 | ₹7200 to ₹43,500 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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