Promoter bought 1,65,06,000 shares & increased its stake to 55.80 per cent of this multibagger aerospace & defence stock; Gets trading approval from BSE & NSE
The stock gave multibagger returns of 199 per cent from its 52-week low of Rs 34.37 per share and a whopping 770 per cent in 3 years.
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, the net sales increased by 26.76 per cent to Rs 135.44 crore, an EBITDA increased by 25.61 per cent to Rs 28.74 crore and profit after tax (PAT) increased by 79.23 per cent to Rs 12.93 crore in Q4FY24 compared to Q4FY23 while in its annual results, the net sales increased by 24.91 per cent to Rs 371.63 crore, EBITDA increased by 30.85 per cent to Rs 83.87 crore and profit after tax (PAT) increased by 66.01 per cent to Rs 31.11 crore in FY24 compared to FY23.
The promoter Apollo Micro Systems Ltd bought 1,65,60,000 new equity shares with a face value of Rs 1 each upon converting 16,506,000 warrants post-stock split of equity shares and for the same the company got trading approval for the same. This conversion increased the company's promoter, Mr Baddam Karunakar Reddy's holding from 53.21 per cent to 55.80 per cent.
Following the company's December 05, 2022, announcement about issuing 98,85,070 warrants convertible into 10 equity shares (after a stock split) for Rs 186 each, this update informs you that they've approved converting 76,24,700 warrants into regular shares. This conversion happened upon receiving Rs 10,63,64,565 as the exercise price from warrant holders. As a result, the company's issued and paid-up capital has increased to Rs 30,64,89,560, consisting of 30,64,89,560 equity shares of Re 1 each.
Also Read: Rs 1,783 crore order book: Multibagger solar EPC company gets trading approval for warrants converted to equity shares from BSE & NSE to promoters & non-promoters!
Apollo Micro Systems Limited (AMS) management highlighted their achievements in Q4 and FY24, emphasizing their commitment to innovation and growth. The transition of several programs to production contracts bolstered their order book and future revenue visibility. They are developing cutting-edge defence solutions with export potential, as evidenced by their participation in Make-II Defence Projects. The groundbreaking ceremony for their Integrated Plant for Ingenious Defence Systems (IPiDS) reinforces their capabilities in defence and space. AMS is expanding its manufacturing footprint to meet growing demand and capitalize on opportunities in the defence and electronics sectors.
Looking ahead, AMS is optimistic about growth driven by robust defence demand and strategic initiatives. They plan to explore innovation avenues, collaborate with partners, and pursue operational excellence. Management expects 25 per cent revenue growth in FY25 with EBITDA margins between 22 per cent to 24 per cent. They anticipate a healthy order book from recent defence PSU and private company orders. Their subsidiary, Apollo Defence Industries Private Limited, is exploring acquisitions to further strengthen their position.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,000 crore. The stock gave multibagger returns of 199 per cent from its 52-week low of Rs 34.37 per share and a whopping 770 per cent in 3 years. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Tiny Treasure' service recommends researched small-cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Related articles
-
Mulitbagger aerospace & defence stock at Rs 103.55 & promoters increase stake: Board allocated 76,24,700 equity shares to promoters & non-promoters on conversion of warrants
-
Heavy buying: Back-to-back upper circuits in this multibagger aerospace & defence stock; bags orders from MoD & PAT zooms over 300 per cent!
-
Rs 5,00,00,000 investment: This multibagger aerospace & defence company enters into a strategic collaboration with MP3 International!
-
Promoters bought 1,86,66,000 shares: Multibagger aerospace & defence stock hit upper circuit on June 19, 2024
-
Promoter bought 73,000 shares worth approx. Rs 11 crore of multibagger rice selling stock with 5,000 per cent returns; Scrip trades at high ROE & high ROCE
-
Promoter Group bought 7,20,000 shares worth Rs 226,07,00,606 via market purchase of this multibagger metals & mining stock; do you own it?
-
Promoter bought 1,65,06,000 shares of this multibagger aerospace & defence stock: Hit upper circuit on stellar FY24 results & healthy order book; rockets over 250 per cent
-
Madhusudan Kela’s portfolio stock & promoters increase stake: This multibagger small-cap company reports a 118 per cent jump in net profit to Rs 130.9 crore!
-
Promoters & FIIs increase stake in this multibagger aerospace & defence stock: Company receives Rs 110 crore for upcoming project for Department of Space and Defence
-
Promoters & FIIs increase stake in this multibagger aerospace & defence stock with 1,000 per cent returns; Scrip in green after business expansion update – know more here!
-
300 per cent returns and promoters & FIIs increase stake: This multibagger aerospace & defence company bags new order worth Rs 25.58 crore from IOCL
-
Multibagger in just 6 months: This aerospace & defence company gets trading approval of 29,54,360 equity shares allotted under preferential issue!
-
900 per cent returns: This multibagger aerospace & defence allocated 29,54,360 preferential shares to Nexpact Ltd post-stock split!
-
Back-to-back upper circuit and 52-week high: This multibagger aerospace & defence stock matches Mohammed Shami's record-breaking performance at ICC World Cup!
-
2:1 Bonus Share & 10:1 Stock Split in FY24: Multibagger penny stock at Rs 8.97 per share saw heavy buying; hit upper circuit today!
-
2,300 per cent returns: Incofin CVSO invests Rs 22,00,00,000 via NCDs in this multibagger EV loan provider company; details inside!
-
90 per cent returns from its 52-week low: Only buyers in this penny stock at Rs 1.87 per share; hit the upper circuit on July 01
-
Heavy buying in this penny stock at Rs 2.58: Hit upper circuit on July 01, 2024
-
Promoter Buys Rs 141 Shares at Rs 10: Wind Energy Company Issues 50 Crore Shares, Strong Order Book
-
From Re 0.24 to Re 0.97 per share in just 323 days & Stock split from Rs 10 to Rs 5 to Re 1: Scrip hit the upper circuit with heavy volume