Multibagger Defence Company Emerges As Lower Bidder (L1) For An Order Worth Rs 7,37,00,000 From DRDO
The stock gave multibagger returns of 725 per cent in just 3 years and a whopping 1,500 per cent in 5 years.
Apollo Micro Systems Ltd informed that the company has been declared as the Lowest Bidder (L1) for orders worth Rs 7.37 crore from the Defence Research and Development Organisation (DRDO). Earlier, Apollo Micro Systems Ltd (AMS) had received an order worth Rs 6.14 crore from the Defence Research and Development Organisation (DRDO).
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, total income increased by 85 per cent to Rs 161.30 crore and profit after tax (PAT) increased by 140 per cent to Rs 15.73 crore in Q2FY25 compared to Q2FY24 while in its half-yearly results, the net sales increased by 74 per cent to Rs 253.09 crore and profit after tax (PAT) increased by 194 per cent to Rs 24.16 crore in H1FY25 compared to H1FY24. 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.
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The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,600 crore. The stock gave multibagger returns of 725 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.