2,000 Per Cent Returns: Multibagger Defence Stock In Green After Securing Rs 7.52 Crore Orders And Emerges Lowest Bidder For Rs 11.48 Crore Defence Contracts
The stock gave multibagger returns of 700 per cent in just 3 years and a whopping 2,000 per cent in 5 years.
On Tuesday, shares of Apollo Micro Systems Ltd gained 3.15 per cent to Rs 116.26 per share from its previous closing of Rs 112.67 per share. The stock’s 52-week high is Rs 157 per share and its 52-week low is Rs 87.99 per share.
In a significant boost to its operations, Apollo Micro Systems Ltd has announced the acquisition of new orders totaling Rs 7.52 crores. These orders have been received from esteemed clients, including the Defence Research and Development Organisation (DRDO), Public Sector Undertakings (PSUs), and a private company, demonstrating the company's diverse capabilities and strong market position.
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Furthermore, Apollo Micro Systems Ltd has been declared the Lowest Bidder for additional orders valued at Rs 11.48 crores, also from DRDO and PSUs. This development indicates a strong likelihood of securing these contracts, further bolstering the company's order book.
Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electromechanical 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 3,400 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 700 per cent in just 3 years and a whopping 2,000 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.