Shares of Apollo Microsystems saw a sharp rise of 11% on Wednesday, bringing a wave of optimism among investors and industry watchers. The surge came after the company secured a significant export order worth ₹113.81 crore, marking a major milestone in its journey of innovation and global expansion.
The Hyderabad-based defence and aerospace electronics company shared the news via a stock exchange filing, revealing that it had received an export order valued at $13.36 million. The order involves the development of an advanced avionic system, intended for use in both civil and military aircraft applications. While the company refrained from disclosing finer details due to the sensitive nature of the project and a binding Non-Disclosure Agreement with the client, the significance of the order is clear—it represents growing international trust in India’s indigenous technological capabilities.
This achievement adds to a series of bold strategic moves by Apollo Microsystems. Earlier this month, the company acquired a 100% stake in IDL Explosives Ltd. for ₹107 crore in an all-cash transaction. The acquisition strengthens Apollo’s presence in the explosives and mining sector, diversifying its portfolio and enhancing its ability to serve critical national infrastructure projects.
Apollo’s recent financial performance has been equally encouraging. The company reported a 19% increase in full-year revenue, alongside a 100 basis points improvement in margins compared to the previous year. Its order book has also grown significantly, standing at ₹615 crore by the end of the financial year, up from ₹550 crore in the previous quarter.
The management, during its recent earnings call, expressed confidence about the road ahead. They anticipate a robust revenue growth trajectory, expecting a compound annual growth rate (CAGR) of 45% to 50% over the next two years. Even more promising is their projection that the company’s order book could potentially triple by the end of the year.
One of the key expectations fueling this optimism is a large forthcoming order from Bharat Dynamics Limited related to the Quick Reaction Surface to Air Missile (QRSAM) system. If realized, it could further solidify Apollo’s standing as a key player in India’s defence manufacturing landscape.
Following the announcement of the export order, Apollo Microsystems’ stock climbed to ₹173.85 per share, marking a 52% rise over the past month. For shareholders, employees, and supporters of the “Make in India” vision, this moment offers both pride and promise. In a sector often fraught with long cycles and uncertain outcomes, Apollo’s story is a heartening reminder of what focused innovation, strategic growth, and national commitment can achieve.