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Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 540879 | NSE: APOLLO

Apollo Micro Systems Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 1:07 pm

Market Cap 3,028 Cr.
Current Price 98.8
High / Low162/88.0
Stock P/E63.5
Book Value 18.8
Dividend Yield0.05 %
ROCE12.6 %
ROE7.52 %
Face Value 1.00
PEG Ratio2.74

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Apollo Micro Systems Ltd

Competitors of Apollo Micro Systems Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
DCX Systems Ltd 3,547 Cr. 318452/23567.5 1020.00 %9.27 %8.08 % 2.00
Data Patterns (India) Ltd 12,155 Cr. 2,1723,655/1,75165.6 2410.30 %19.7 %14.3 % 2.00
Paras Defence and Space Technologies Ltd 3,951 Cr. 9811,593/60980.0 1220.00 %11.4 %7.96 % 10.0
Zen Technologies Ltd 15,946 Cr. 1,7671,999/68878.8 1730.06 %47.3 %33.1 % 1.00
Mishra Dhatu Nigam Ltd 6,000 Cr. 320548/30568.6 72.00.44 %9.44 %7.00 % 10.0
Industry Average57,040.64 Cr1,253.3561.65139.470.34%23.06%17.11%4.45

All Competitor Stocks of Apollo Micro Systems Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales27.0545.9064.59105.6556.2752.0682.35106.8557.6987.1691.34135.4491.20
Expenses19.8235.9952.5389.2046.3740.0762.7584.2144.9568.7967.34106.6868.83
Operating Profit7.239.9112.0616.459.9011.9919.6022.6412.7418.3724.0028.7622.37
OPM %26.73%21.59%18.67%15.57%17.59%23.03%23.80%21.19%22.08%21.08%26.28%21.23%24.53%
Other Income0.170.310.250.030.140.34-1.46-0.960.370.410.701.150.83
Interest4.004.073.835.283.964.836.357.247.527.187.308.307.60
Depreciation2.002.082.502.392.522.582.632.642.612.712.833.153.45
Profit before tax1.404.075.988.813.564.929.1611.802.988.8914.5718.4612.15
Tax %58.57%32.43%43.48%10.44%54.21%33.13%27.84%36.19%39.60%25.53%30.54%28.87%29.22%
Net Profit0.592.753.387.901.643.296.617.541.816.6210.1113.138.61
EPS in Rs0.030.130.160.380.080.160.320.360.090.280.360.470.28

Last Updated: September 11, 2024, 11:15 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2469103151201220263246203243298372405
Expenses195985126160171215197165198233288312
Operating Profit5101825414948493946648494
OPM %22%15%18%17%20%22%18%20%19%19%22%23%23%
Other Income0000203211-233
Interest2358111213151617223030
Depreciation00434661099101112
Profit before tax37915273133251420294554
Tax %14%27%21%33%36%38%11%45%29%28%35%29%
Net Profit35710171929141015193238
EPS in Rs0.400.390.540.731.270.921.400.670.490.700.921.121.39
Dividend Payout %0%0%0%0%0%0%7%7%5%4%3%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)40.00%42.86%70.00%11.76%52.63%-51.72%-28.57%50.00%26.67%68.42%
Change in YoY Net Profit Growth (%)0.00%2.86%27.14%-58.24%40.87%-104.36%23.15%78.57%-23.33%41.75%

Apollo Micro Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:7%
3 Years:22%
TTM:43%
Compounded Profit Growth
10 Years:20%
5 Years:2%
3 Years:46%
TTM:93%
Stock Price CAGR
10 Years:%
5 Years:68%
3 Years:101%
1 Year:-36%
Return on Equity
10 Years:8%
5 Years:6%
3 Years:6%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:42 am

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital6141414142121212121212831
Reserves614213150235261275284299317480545
Borrowings16355871888710883116116144208212
Other Liabilities3224287941216186109163211239264
Total Liabilities31851352032464634514655305986929551,052
Fixed Assets462321302942504986106144163
CWIP312110132928375025252444
Investments0000000011111
Other Assets2567110172203406380378430487561786844
Total Assets31851352032464634514655305986929551,052

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +0-4414-42-7347843-16-80
Cash from Investing Activity +0-10-10-17-10964-19-23-25-35-57
Cash from Financing Activity +0169-1115210-3615-1851138
Net Cash Flow013-1401-800-00

Free Cash Flow

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-11.00-25.00-40.00-46.00-47.00-38.00-60.00-34.00-77.00-70.00-80.00-124.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days179213217209130190235201305205180231
Inventory Days155204228275391317421546597594612
Days Payable12416122516421268115189258195234
Cash Conversion Cycle179243261212241369484507661544579610
Working Capital Days337246250201171298415435581486493550
ROCE %22%19%22%28%18%12%10%8%9%12%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters59.10%59.10%59.10%59.10%59.10%59.10%59.10%59.10%52.67%53.21%53.21%55.12%
FIIs3.65%3.90%1.75%1.78%0.71%0.65%0.12%0.17%5.27%11.01%11.14%7.42%
DIIs0.00%0.00%0.00%0.00%0.00%2.63%3.59%3.64%3.31%0.01%0.01%0.00%
Public37.25%37.00%39.15%39.11%40.18%37.63%37.19%37.10%38.76%35.76%35.62%37.46%
No. of Shareholders46,41044,82648,53147,62846,14641,53542,13459,53985,2061,43,7781,79,0492,15,587

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund7,321,0500.4641.477,321,0502024-11-120%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.0010.0010.0010.0010.00
Basic EPS (Rs.)1.249.027.044.946.75
Diluted EPS (Rs.)1.166.117.044.946.75
Cash EPS (Rs.)1.5014.0215.319.1211.52
Book Value[Excl.RevalReserv]/Share (Rs.)18.39185.03154.13147.34142.55
Book Value[Incl.RevalReserv]/Share (Rs.)18.39185.03154.13147.34142.55
Revenue From Operations / Share (Rs.)13.16143.29117.1297.80118.46
PBDIT / Share (Rs.)3.0331.2622.3518.8624.21
PBIT / Share (Rs.)2.6326.2714.0814.6819.44
PBT / Share (Rs.)1.5613.959.756.9612.17
Net Profit / Share (Rs.)1.109.027.044.946.75
NP After MI And SOA / Share (Rs.)1.109.037.044.946.75
PBDIT Margin (%)23.0521.8119.0819.2820.43
PBIT Margin (%)20.0118.3312.0115.0016.41
PBT Margin (%)11.869.738.327.1110.27
Net Profit Margin (%)8.376.296.005.045.69
NP After MI And SOA Margin (%)8.376.306.015.045.69
Return on Networth / Equity (%)6.004.884.573.354.73
Return on Capital Employeed (%)13.1713.188.569.4213.02
Return On Assets (%)3.252.702.431.923.01
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)0.380.370.360.380.27
Asset Turnover Ratio (%)0.450.460.430.400.00
Current Ratio (X)1.981.981.872.062.44
Quick Ratio (X)0.860.750.720.971.10
Inventory Turnover Ratio (X)0.730.760.760.730.00
Dividend Payout Ratio (NP) (%)0.002.763.5510.120.00
Dividend Payout Ratio (CP) (%)0.001.781.635.480.00
Earning Retention Ratio (%)0.0097.2496.4589.880.00
Cash Earning Retention Ratio (%)0.0098.2298.3794.520.00
Interest Coverage Ratio (X)2.832.905.172.453.33
Interest Coverage Ratio (Post Tax) (X)2.031.982.631.641.93
Enterprise Value (Cr.)2862.23699.88344.95293.13163.15
EV / Net Operating Revenue (X)7.702.351.421.440.66
EV / EBITDA (X)33.4010.787.437.483.25
MarketCap / Net Operating Revenue (X)7.241.931.010.930.37
Retention Ratios (%)0.0097.2396.4489.870.00
Price / BV (X)5.191.500.760.620.31
Price / Net Operating Revenue (X)7.241.931.010.930.37
EarningsYield0.010.030.050.050.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apollo Micro Systems Ltd as of November 15, 2024 is: 89.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 15, 2024, Apollo Micro Systems Ltd is Overvalued by 9.09% compared to the current share price 98.80

Intrinsic Value of Apollo Micro Systems Ltd as of November 15, 2024 is: 110.65

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 15, 2024, Apollo Micro Systems Ltd is Undervalued by 11.99% compared to the current share price 98.80

Last 5 Year EPS CAGR: 23.19%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (216.77 cr) compared to borrowings (103.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (215.23 cr) and profit (24.00 cr) over the years.
  1. The stock has a low average ROCE of 14.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 371.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 407.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Apollo Micro Systems Ltd:
    1. Net Profit Margin: 8.37%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.17% (Industry Average ROCE: 23.06%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6% (Industry Average ROE: 17.11%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.03
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.86
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 63.5 (Industry average Stock P/E: 61.65)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.38
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Apollo Micro Systems Ltd. is a Public Limited Listed company incorporated on 03/03/1997 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L72200TG1997PLC026556 and registration number is 026556. Currently Company is involved in the business activities of Manufacture of electronic components. Company’s Total Operating Revenue is Rs. 243.19 Cr. and Equity Capital is Rs. 20.76 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aerospace & DefensePlot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Ranga Reddy District Telangana 500076cs@apollo-micro.com
https://apollo-micro.com
Management
NamePosition Held
Mr. Raghupathy Goud TheegalaChairman & Ind.Director
Mr. Karunakar Reddy BaddamManaging Director
Mr. Venkata Siva Prasad ChandrapatiWhole Time Director - Technical
Mr. Krishna Sai Kumar AddepalliWhole-Time Director (Operations)
Ms. Kavya GorlaNon Executive Director
Mr. Aditya Kumar HalwasiyaNon Executive Director
Mrs. Karunasree SamudralaIndependent Director
Mr. Chandrashekar MathamIndependent Director

FAQ

What is the latest intrinsic value of Apollo Micro Systems Ltd?

The latest intrinsic value of Apollo Micro Systems Ltd as on 15 November 2024 is ₹89.82, which is 9.09% lower than the current market price of ₹98.80.

What is the Market Cap of Apollo Micro Systems Ltd?

The Market Cap of Apollo Micro Systems Ltd is 3,028 Cr..

What is the current Stock Price of Apollo Micro Systems Ltd as on 15 November 2024?

The current stock price of Apollo Micro Systems Ltd as on 15 November 2024 is ₹98.8.

What is the High / Low of Apollo Micro Systems Ltd stocks in FY 2024?

In FY 2024, the High / Low of Apollo Micro Systems Ltd stocks is 162/88.0.

What is the Stock P/E of Apollo Micro Systems Ltd?

The Stock P/E of Apollo Micro Systems Ltd is 63.5.

What is the Book Value of Apollo Micro Systems Ltd?

The Book Value of Apollo Micro Systems Ltd is 18.8.

What is the Dividend Yield of Apollo Micro Systems Ltd?

The Dividend Yield of Apollo Micro Systems Ltd is 0.05 %.

What is the ROCE of Apollo Micro Systems Ltd?

The ROCE of Apollo Micro Systems Ltd is 12.6 %.

What is the ROE of Apollo Micro Systems Ltd?

The ROE of Apollo Micro Systems Ltd is 7.52 %.

What is the Face Value of Apollo Micro Systems Ltd?

The Face Value of Apollo Micro Systems Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apollo Micro Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE