1,500% Multibagger Returns: Defence Company Bags New Orders Worth Rs 50,97,00,000
The stock gave multibagger returns of 800 per cent in just 3 years and a whopping 1,500 per cent in 5 years.
Apollo Micro Systems Limited (AMS) informed that the company has received orders worth Rs 50.97 crore for the execution of Security Solutions and supply of Defence Products from multiple private companies.
Earlier, the company partnered with Redon Systems to manufacture Loitering Munition and allied systems, including Containerized Automatic Landing Modules, leveraging both companies' manufacturing capabilities. This follows an earlier 5-year MoU between AMS and Garden Reach Shipbuilders & Engineers Limited (GRSE) to jointly develop, produce, and export advanced weapon and electronic systems, focusing on underwater and air defence technologies for defence and commercial sectors.
About the Company
Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electro-mechanical solutions for sectors such as aerospace, defence, and space. The company is renowned for its commitment to research and development, resulting in notable projects such as torpedo-homing systems and underwater mines. =
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According to Quarterly Results, net sales increased by 62.5 per cent to Rs 148.39 crore and profit after tax (PAT) increased by 83.1 per cent to Rs 18.24 crore in Q3FY25 compared to Q3FY24 while in its nine-month results, the net sales increased by 69.5 per cent to Rs 400.30 crore and profit after tax (PAT) increased by 133.2 per cent to Rs 42.40 crore in 9MFY25 compared to 9MFY24. In its annual results, the net sales increased by 24.91 per cent to Rs 371.63 crore and profit after tax (PAT) increased by 66.01 per cent to Rs 31.11 crore in FY24 compared to FY23.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,700 crore. In December 2024, FIIs increased their stake in AMS to 0.74 per cent from 0.19 per cent in September 2024. The stock gave multibagger returns of 800 per cent in just 3 years and a whopping 1,500 per cent in 5 years. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.