Apollo Micro Systems Ltd

Q4 FY26Aerospace & Defense

Apollo Micro Systems Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹385

Market cap₹14.8K Cr

P/E131.3

Updated23 Aug 2026

Read5 min read

The short version

Apollo Micro Systems expects continued significant growth in revenue, backed by a robust order book of around INR1,430 crores. Apollo Micro Systems expects to maintain or accelerate growth momentum in the coming years, supported by a robust order book and new large ticket orders anticipated during FY27 and FY28.

From Apollo Micro Systems Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Apollo Micro Systems expects continued significant growth in revenue, backed by a robust order book of around INR1,430 crores.
Large ticket projects are anticipated to materialize in FY27 and FY28, driving order book expansion and sustained revenue growth.
The company aims to maintain or accelerate its organic revenue CAGR of 45%-50%, despite slight recent shortfalls due to customer approvals and timing issues.
Growth will be driven by increasing production orders from DRDO and system integrators across land, air, and sea defense platforms.
Export opportunities are expected to scale up meaningfully, supported by new facilities and ongoing audits by potential international customers.
Expansion in explosive products and ammunition will contribute to revenue diversification and volume growth.
Long-term vision (FY36) includes becoming a global OEM with diversified revenue streams and technological leadership.

Profitability & Margins

Apollo Micro Systems expects to maintain or accelerate growth momentum in the coming years, supported by a robust order book and new large ticket orders anticipated during FY27 and FY28.
Revenue growth is projected to continue at a similar pace, with the company confident of sustaining organic growth despite recent delays in some orders.
EBITDA and PAT margins have expanded significantly, with FY26 EBITDA margin at 24% and PAT margin at 12%, and management targets maintaining or improving these levels.
Investments in R&D (8% of revenue) and new product developments are expected to drive margin expansion and future profitability.
The acquisition of IDL Explosives and expansion of explosive product portfolio aim to diversify revenue streams and improve consolidated margins over time.
The company is undergoing transformation at IDL and plans to provide clearer guidance on its contribution and margins from Q3 FY27.
Overall, Apollo aims for sustained EPS accretion through operational efficiencies, new product commercialization, and export market expansion.

See what Apollo Micro Systems Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Apollo Micro Systems is undertaking expansion at its subsidiary, IDL Explosives, with a capex for TNT (500 tons) and HMX (50 tons) production focused on industrial explosive requirements; larger defense explosive capacity expansions are planned but details and timing will be disclosed considering sensitivity.
Investments are underway to build new facilities to handle export opportunities and meet delivery commitments on time, enhancing capacity for explosives and related products.
The company is setting up in-house test facilities to reduce outsourcing, which will improve inventory holding periods and operational efficiency.
Large ticket order projects are expected imminently, requiring corresponding scale-up in order book and related capital deployment.
Strategic focus includes collaboration on large defense programs, including mines, torpedoes, missiles, ammunition, and other advanced systems, suggesting ongoing R&D and capital investment.
Management plans to reduce promoter pledge in FY2026, indicating potential financial restructuring or strategic capital moves.

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no explicit mention of any ongoing or planned fundraising through debt or equity in the provided transcript.
The management discussed acquisition plans (e.g., RF acquisition) expected to close within the year but did not specify the funding source.
There is an emphasis on strong order inflows and operational growth instead of capital raising.
No direct reference to issuing new equity or raising debt was made during the question-and-answer session or closing remarks.
The company appears focused on internal transformation initiatives and scaling operations through existing resources and order book growth.
Therefore, based on the available information, no current or future fundraising via debt or equity has been announced.

See what Apollo Micro Systems Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Current order book stands at approximately INR 1,430 crore.
Execution of orders will span this financial year and the next; some orders will spill over.
Additional orders are expected within the current financial year to sustain growth momentum.
Large ticket orders, which have been anticipated for the past year, are due anytime this financial year, expected to significantly increase the order book size both standalone and consolidated.
The company expects order book size to increase substantially in FY27 and FY28.
Revenue recognition timing may shift slightly based on customer approvals and global operational conditions.
Overall, Apollo aims to maintain similar or accelerated growth backed by a growing order book.

Apollo Micro Systems Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹293 Cr, net profit ₹37 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Apollo Micro Systems Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Apollo Micro Systems Ltd Q4 FY26 results?

What is Apollo Micro Systems Ltd share price analysis?

Apollo Micro Systems Ltd currently shows a neutral. The stock trades at a P/E of 131.3 with a market cap of ₹14,829 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apollo Micro Systems Ltd planning capital expenditure?

Apollo Micro Systems is undertaking expansion at its subsidiary, IDL Explosives, with a capex for TNT (500 tons) and HMX (50 tons) production focused on industrial explosive requirements; larger defense explosive capacity expansions are planned but details and timing will be disclosed considering sensitivity.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.