Apollo Micro Systems Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 10:15 pm

Market Cap	2,940 Cr.
Current Price	95.9
High / Low	148/88.0
Stock P/E	61.6
Book Value	18.8
Dividend Yield	0.05 %
ROCE	12.0 %
ROE	7.04 %
Face Value	1.00
PEG Ratio	2.66

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Apollo Micro Systems Ltd

Competitors of Apollo Micro Systems Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
MTAR Technologies Ltd	4,780 Cr.	1,556	2,345/1,495	123	228	0.00 %	11.4 %	8.37 %	10.0
DCX Systems Ltd	3,645 Cr.	327	452/235	69.4	102	0.00 %	9.27 %	8.08 %	2.00
Data Patterns (India) Ltd	14,135 Cr.	2,525	3,655/1,751	76.4	241	0.26 %	19.7 %	14.3 %	2.00
Paras Defence and Space Technologies Ltd	4,261 Cr.	1,057	1,593/609	86.3	122	0.00 %	11.4 %	7.96 %	10.0
Zen Technologies Ltd	21,538 Cr.	2,381	2,505/688	106	173	0.04 %	47.2 %	33.0 %	1.00
Industry Average	54,499.42 Cr	1,407.08		73.33	151.00	0.29%	22.03%	16.34%	4.92

All Competitor Stocks of Apollo Micro Systems Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	27.05	45.90	64.59	105.65	56.27	52.06	82.35	106.85	57.69	87.16	91.34	135.44	91.20
Expenses	19.82	35.99	52.53	89.20	46.37	40.07	62.75	84.21	44.95	68.79	67.34	106.68	68.83
Operating Profit	7.23	9.91	12.06	16.45	9.90	11.99	19.60	22.64	12.74	18.37	24.00	28.76	22.37
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 Income	0.17	0.31	0.25	0.03	0.14	0.34	-1.46	-0.96	0.37	0.41	0.70	1.15	0.83
Interest	4.00	4.07	3.83	5.28	3.96	4.83	6.35	7.24	7.52	7.18	7.30	8.30	7.60
Depreciation	2.00	2.08	2.50	2.39	2.52	2.58	2.63	2.64	2.61	2.71	2.83	3.15	3.45
Profit before tax	1.40	4.07	5.98	8.81	3.56	4.92	9.16	11.80	2.98	8.89	14.57	18.46	12.15
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 Profit	0.59	2.75	3.38	7.90	1.64	3.29	6.61	7.54	1.81	6.62	10.11	13.13	8.61
EPS in Rs	0.03	0.13	0.16	0.38	0.08	0.16	0.32	0.36	0.09	0.28	0.36	0.47	0.28

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	24	69	103	151	201	220	263	246	203	243	298	372	405
Expenses	19	59	85	126	160	171	215	197	165	198	233	288	312
Operating Profit	5	10	18	25	41	49	48	49	39	46	64	84	94
OPM %	22%	15%	18%	17%	20%	22%	18%	20%	19%	19%	22%	23%	23%
Other Income	0	0	0	0	2	0	3	2	1	1	-2	3	3
Interest	2	3	5	8	11	12	13	15	16	17	22	30	30
Depreciation	0	0	4	3	4	6	6	10	9	9	10	11	12
Profit before tax	3	7	9	15	27	31	33	25	14	20	29	45	54
Tax %	14%	27%	21%	33%	36%	38%	11%	45%	29%	28%	35%	29%
Net Profit	3	5	7	10	17	19	29	14	10	15	19	32	38
EPS in Rs	0.40	0.39	0.54	0.73	1.27	0.92	1.40	0.67	0.49	0.70	0.92	1.12	1.39
Dividend Payout %	0%	0%	0%	0%	0%	0%	7%	7%	5%	4%	3%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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:	67%
3 Years:	105%
1 Year:	-15%

Return on Equity
10 Years:	8%
5 Years:	5%
3 Years:	6%
Last Year:	7%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:00 pm

Month	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6	14	14	14	14	21	21	21	21	21	21	28	31
Reserves	6	14	21	31	50	235	261	275	284	299	363	491	545
Borrowings	16	35	58	71	88	87	108	83	116	116	144	208	212
Other Liabilities	3	22	42	87	94	121	61	86	109	163	165	228	264
Total Liabilities	31	85	135	203	246	463	451	465	530	598	692	955	1,052
Fixed Assets	4	6	23	21	30	29	42	50	49	86	106	144	163
CWIP	3	12	1	10	13	29	28	37	50	25	25	24	44
Investments	0	0	0	0	0	0	0	0	1	1	1	1	1
Other Assets	25	67	110	172	203	406	380	378	430	487	561	786	844
Total Assets	31	85	135	203	246	463	451	465	530	598	692	955	1,052

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	-4	4	14	-42	-73	47	8	43	-16	-80
Cash from Investing Activity +	0	-10	-10	-17	-109	64	-19	-23	-25	-35	-57
Cash from Financing Activity +	0	16	9	-11	152	10	-36	15	-18	51	138
Net Cash Flow	0	1	3	-14	0	1	-8	0	0	-0	0

Free Cash Flow

Month	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 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

Month	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	179	213	217	209	130	190	235	201	305	205	180	231
Inventory Days		155	204	228	275	391	317	421	546	597	594	612
Days Payable		124	161	225	164	212	68	115	189	258	195	234
Cash Conversion Cycle	179	243	261	212	241	369	484	507	661	544	579	610
Working Capital Days	337	246	250	201	171	298	415	435	581	486	493	550
ROCE %	22%		19%	22%	28%	18%	12%	10%	8%	9%	12%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	59.10%	59.10%	59.10%	59.10%	59.10%	59.10%	59.10%	59.10%	52.67%	53.21%	53.21%	55.12%
FIIs	3.65%	3.90%	1.75%	1.78%	0.71%	0.65%	0.12%	0.17%	5.27%	11.01%	11.14%	7.42%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	2.63%	3.59%	3.64%	3.31%	0.01%	0.01%	0.00%
Public	37.25%	37.00%	39.15%	39.11%	40.18%	37.63%	37.19%	37.10%	38.76%	35.76%	35.62%	37.46%
No. of Shareholders	46,410	44,826	48,531	47,628	46,146	41,535	42,134	59,539	85,206	1,43,778	1,79,049	2,15,587

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Small Cap Fund	7,321,050	0.46	41.47	7,321,050	2024-12-12	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.24	9.02	7.04	4.94	6.75
Diluted EPS (Rs.)	1.16	6.11	7.04	4.94	6.75
Cash EPS (Rs.)	1.50	14.02	15.31	9.12	11.52
Book Value[Excl.RevalReserv]/Share (Rs.)	18.39	185.03	154.13	147.34	142.55
Book Value[Incl.RevalReserv]/Share (Rs.)	18.39	185.03	154.13	147.34	142.55
Revenue From Operations / Share (Rs.)	13.16	143.29	117.12	97.80	118.46
PBDIT / Share (Rs.)	3.03	31.26	22.35	18.86	24.21
PBIT / Share (Rs.)	2.63	26.27	14.08	14.68	19.44
PBT / Share (Rs.)	1.56	13.95	9.75	6.96	12.17
Net Profit / Share (Rs.)	1.10	9.02	7.04	4.94	6.75
NP After MI And SOA / Share (Rs.)	1.10	9.03	7.04	4.94	6.75
PBDIT Margin (%)	23.05	21.81	19.08	19.28	20.43
PBIT Margin (%)	20.01	18.33	12.01	15.00	16.41
PBT Margin (%)	11.86	9.73	8.32	7.11	10.27
Net Profit Margin (%)	8.37	6.29	6.00	5.04	5.69
NP After MI And SOA Margin (%)	8.37	6.30	6.01	5.04	5.69
Return on Networth / Equity (%)	6.00	4.88	4.57	3.35	4.73
Return on Capital Employeed (%)	13.17	13.18	8.56	9.42	13.02
Return On Assets (%)	3.25	2.70	2.43	1.92	3.01
Long Term Debt / Equity (X)	0.01	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.38	0.37	0.36	0.38	0.27
Asset Turnover Ratio (%)	0.45	0.46	0.43	0.40	0.00
Current Ratio (X)	1.98	1.98	1.87	2.06	2.44
Quick Ratio (X)	0.86	0.75	0.72	0.97	1.10
Inventory Turnover Ratio (X)	0.73	0.76	0.76	0.73	0.00
Dividend Payout Ratio (NP) (%)	0.00	2.76	3.55	10.12	0.00
Dividend Payout Ratio (CP) (%)	0.00	1.78	1.63	5.48	0.00
Earning Retention Ratio (%)	0.00	97.24	96.45	89.88	0.00
Cash Earning Retention Ratio (%)	0.00	98.22	98.37	94.52	0.00
Interest Coverage Ratio (X)	2.83	2.90	5.17	2.45	3.33
Interest Coverage Ratio (Post Tax) (X)	2.03	1.98	2.63	1.64	1.93
Enterprise Value (Cr.)	2862.23	699.88	344.95	293.13	163.15
EV / Net Operating Revenue (X)	7.70	2.35	1.42	1.44	0.66
EV / EBITDA (X)	33.40	10.78	7.43	7.48	3.25
MarketCap / Net Operating Revenue (X)	7.24	1.93	1.01	0.93	0.37
Retention Ratios (%)	0.00	97.23	96.44	89.87	0.00
Price / BV (X)	5.19	1.50	0.76	0.62	0.31
Price / Net Operating Revenue (X)	7.24	1.93	1.01	0.93	0.37
EarningsYield	0.01	0.03	0.05	0.05	0.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apollo Micro Systems Ltd as of December 19, 2024 is: 81.57

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 December 19, 2024, Apollo Micro Systems Ltd is Overvalued by 14.94% compared to the current share price 95.90

Intrinsic Value of Apollo Micro Systems Ltd as of December 19, 2024 is: 100.48

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 December 19, 2024, Apollo Micro Systems Ltd is Undervalued by 4.78% compared to the current share price 95.90

Last 5 Year EPS CAGR: 23.19%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (221.15 cr) compared to borrowings (103.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (215.23 cr) and profit (24.00 cr) over the years.	The stock has a low average ROCE of 14.42%, which may not be favorable. The stock has a high average Working Capital Days of 371.92, which may not be favorable. 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: 22.03%)
  - 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: 16.34%)
  - 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: 61.6 (Industry average Stock P/E: 73.33)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Aerospace & Defense	Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Ranga Reddy District Telangana 500076	cs@apollo-micro.com https://apollo-micro.com

Management
Name	Position Held
Mr. Raghupathy Goud Theegala	Chairman & Ind.Director
Mr. Karunakar Reddy Baddam	Managing Director
Mr. Venkata Siva Prasad Chandrapati	Whole Time Director - Technical
Mr. Krishna Sai Kumar Addepalli	Whole-Time Director (Operations)
Ms. Kavya Gorla	Non Executive Director
Mr. Aditya Kumar Halwasiya	Non Executive Director
Mrs. Karunasree Samudrala	Independent Director
Mr. Chandrashekar Matham	Independent Director

FAQ

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

The latest intrinsic value of Apollo Micro Systems Ltd as on 19 December 2024 is ₹81.57, which is 14.94% lower than the current market price of ₹95.90. The stock has a market capitalization of 2,940 Cr. and recorded a high/low of ₹148/88.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹545 Cr and total liabilities of ₹1,052 Cr.

What is the Market Cap of Apollo Micro Systems Ltd?

The Market Cap of Apollo Micro Systems Ltd is 2,940 Cr..

What is the current Stock Price of Apollo Micro Systems Ltd as on 19 December 2024?

The current stock price of Apollo Micro Systems Ltd as on 19 December 2024 is 95.9.

What is the High / Low of Apollo Micro Systems Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Apollo Micro Systems Ltd stocks is 148/88.0.

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

The Stock P/E of Apollo Micro Systems Ltd is 61.6.

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 12.0 %.

What is the ROE of Apollo Micro Systems Ltd?

The ROE of Apollo Micro Systems Ltd is 7.04 %.

What is the Face Value of Apollo Micro Systems Ltd?

The Face Value of Apollo Micro Systems Ltd is 1.00.