FIIs Bought 16,62,374 Shares: Defence Company Enters into MoUs with Troop Comforts Ltd & Munitions India Ltd
The stock gave multibagger returns of 775 per cent in just 3 years and a whopping 1,400 per cent in 5 years
Apollo Micro Systems Limited (AMS) is pleased to announce two significant partnerships. The company has signed and exchanged a Memorandum of Understanding (MoU) with Troop Comforts Limited. This strategic alliance will focus on the joint manufacturing, marketing, and development of advanced air defence systems, including crucial Anti-Drone and Anti-Aircraft solutions. The collaboration aims to address the needs of a wide range of clients, including the Indian Defence forces, paramilitary and police organizations, various government bodies, the civil sector, and the export market. This partnership signifies AMS's commitment to bolstering national security and expanding its reach in the defence industry.
Furthermore, AMS has formally exchanged an MoU with Munitions India Limited, solidifying their commitment to the joint development of various defence systems. This agreement, initially entered into earlier, now sees both parties actively collaborating to identify and pursue opportunities in the design, development, and deployment of cutting-edge defence technologies. The exchange of the MoU underscores the dedication of both AMS and Munitions India Limited to leveraging their combined expertise and resources to drive innovation within the defence sector, catering to both domestic and international market demands.
Earlier, AMS secured orders worth Rs 50.97 crore from multiple private companies for security solutions and defence products. This achievement follows AMS's strategic partnership with Redon Systems to co-manufacture Loitering munitions and allied systems, including Containerized Automatic Landing Modules. Additionally, AMS has a 5-year MoU with 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 both defence and commercial sectors.
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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. =
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 3,600 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 775 per cent in just 3 years and a whopping 1,400 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.