This Defence Company stock is a hot favorite stock for every investor even though FII increased its stake by 11.01% up from 8.58% in the previous quarter year. The promoters of the company also increased their stake by 53.21% up from 52.67% in the previous quarter.
The stock name is Apollo Microsystem which was incorporated in 1985 and its headquarters is located in Hyderabad Andhra Pradesh. The company is a Pioneer in the design, development, and assembly of custom-built electronics and electromechanical solutions in India.
Products and services of Apollo Microsystems Ltd.
Custom-built Electronics: The company specializes in designing and manufacturing electronic systems for various applications such as
Space
Aerospace and defense
Railways
Transportation
Automotive
Homeland security
Apollo Micro System Ltd. gave massive returns in the last 4 years rising to 126 from 5 Rs. On 20 March 2020 the share price was Rs 5 now it turns to 126 Rs as on 22 February 2024. At the same time last year, the company’s share price increased 275%.
In the last quarter’s result (Q3 FY23-24) the revenue of the company is 91.84 CR with a growth rate of 11.07% YoY. and net profit is 9.96 Cr. Growth with 50.91% YoY.
Key highlights
Revenue and net profit have grown steadily in recent years indicating consistent performance.
The company maintenance decent profitability margin indicating efficient operations
The company has no outstanding debts providing financial stability and flexibility
Conclusion
Apollo Microsystems Ltd. is showing consistent growth and profitability which indicates strong fundamentals.