Apollo Micro Systems Share Price Today Slips Amid Defence Stock Weakness; Should You Sell or Buy? Check TP

Apollo Micro Systems Ltd shares slipped on Wednesday despite buying interest returning to defence-linked stocks, with the market tracking the company’s growing order pipeline and prospects from India’s rising domestic defence spending.

Apollo Micro System Share Price Today

The stock was trading at Rs 405.65 on the NSE at 2:39 pm on September 23, down 0.27%. It opened at Rs 410 and touched an intraday high of Rs 412.40, while the day’s low was Rs 403.50.

The Hyderabad-based company supplies electronic systems and technology solutions for defence, aerospace and homeland security applications. Its shares have been attracting attention as investors look at private defence manufacturers that could benefit from higher government capital expenditure, increasing localisation and a larger role for Indian vendors in defence programs.

Apollo Micro Systems Order Book Jumps From Rs 735 Crore To Rs 1,704 Crore

A key development behind the market’s interest in Apollo Micro Systems is the sharp expansion in its order book. The company’s order book increased from Rs 735 crore in Q1FY26 to Rs 1,704 crore in Q1FY27.

For investors, the larger order pipeline provides visibility on future business, although the pace at which the company converts these orders into revenue and maintains margins will remain important.

Apollo Micro Systems Expects Rs 2,500 Crore-Rs 3,000 Crore Orders In FY27

The company’s management expects to secure additional orders worth Rs 2,500 crore-Rs 3,000 crore during FY27. The opportunities are linked to missile programs and other defence projects.

Should You Buy Apollo Micro Systems Stock? Check ICICI Direct Views

ICICI Direct expects Apollo Micro Systems to build on its presence in defence electronics and indigenous defence programs. According to the brokerage, the company has more than 700 technological innovations and has participated in over 150 indigenous defence programs.

The brokerage has also pointed to opportunities in areas such as loitering munitions, unmanned aerial vehicles, directed energy weapons and hypersonic vehicles. These programs could open up additional opportunities for companies providing specialised electronics, guidance, control and embedded technology solutions.

Apollo Micro Systems Share Price Target

ICICI Direct has given Apollo Micro Systems a 12-month target price of Rs 485 per share. The brokerage has based its valuation on 60 times its estimated consolidated FY28 earnings and has additionally assigned Rs 67 per share to Premier Explosives.

At Rs 405.65, the stock is currently below the brokerage’s stated target, with investors likely to track the company’s order wins, execution of the existing order book and progress on the expected FY27 orders.

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