{"id":324685,"date":"2026-10-22T15:57:41","date_gmt":"2026-10-22T10:27:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324685"},"modified":"2026-10-22T15:57:41","modified_gmt":"2026-10-22T10:27:41","slug":"apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/","title":{"rendered":"Apollo Micro Systems Share Price: Multibagger Defence Stock Declares Capex Expansion, Should You Buy?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Apollo Micro Systems share price was Rs 388.70 at 3:45 PM IST on 22 Oct 2026, down 1.78% from the previous close of Rs 395.75. Group company IDL Explosives commissioned a bulk explosives plant of 9,000 MT a year at Bolkunda near Asansol in West Bengal on the same day. The size of the investment, the order book and the financial impact have not been disclosed.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Apollo Micro Systems share price fell 1.78% to Rs 388.70 even as news of the new explosives plant came in, because the market is weak and the stock is valued at about 126 times earnings. The plant, owned by group company IDL Explosives, can make 9,000 MT of bulk explosives a year and will serve coal mining customers such as Eastern Coalfields and Central Coalfields. No capex amount, order book or revenue estimate has been given, so the financial effect on Apollo Micro Systems cannot yet be measured. The stock has risen 46.72% in a year, but a P\/E near 126 and a price to book near 10 leave little room for disappointment.<\/p>\n<\/p><\/div>\n<p>Apollo Micro Systems share price is closely watched because the company makes electronics for defence and aerospace programmes and has been a strong performer in a sector that investors like. A headline describing it as a multibagger stock that has declared a capex expansion has drawn attention, and many readers ask whether it is time to buy.<\/p>\n<p>This article on Apollo Micro Systems share price sets out what was actually announced, what is not known, how the stock is valued and the risks to weigh. It is educational and not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Apollo_Micro_Systems_Share_Price_Today\" title=\"Apollo Micro Systems Share Price Today\">Apollo Micro Systems Share Price Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#What_Was_Announced_The_IDL_Explosives_Plant\" title=\"What Was Announced: The IDL Explosives Plant\">What Was Announced: The IDL Explosives Plant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#What_We_Do_Not_Know_About_the_Capex\" title=\"What We Do Not Know About the Capex\">What We Do Not Know About the Capex<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Is_Apollo_Micro_Systems_Really_a_Multibagger\" title=\"Is Apollo Micro Systems Really a Multibagger?\">Is Apollo Micro Systems Really a Multibagger?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Apollo_Micro_Systems_Share_Price_Valuation\" title=\"Apollo Micro Systems Share Price Valuation\">Apollo Micro Systems Share Price Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Why_Defence_Stocks_Attract_Investors\" title=\"Why Defence Stocks Attract Investors\">Why Defence Stocks Attract Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Apollo_Micro_Systems_Share_Price_Should_You_Buy\" title=\"Apollo Micro Systems Share Price: Should You Buy?\">Apollo Micro Systems Share Price: Should You Buy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#What_to_Watch_Next_on_the_Apollo_Micro_Systems_Share_Price\" title=\"What to Watch Next on the Apollo Micro Systems Share Price\">What to Watch Next on the Apollo Micro Systems Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Why_is_the_Apollo_Micro_Systems_share_price_in_the_news\" title=\"Why is the Apollo Micro Systems share price in the news?\">Why is the Apollo Micro Systems share price in the news?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#What_is_the_Apollo_Micro_Systems_share_price_today\" title=\"What is the Apollo Micro Systems share price today?\">What is the Apollo Micro Systems share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Is_the_Apollo_Micro_Systems_share_price_a_multibagger\" title=\"Is the Apollo Micro Systems share price a multibagger?\">Is the Apollo Micro Systems share price a multibagger?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Is_the_Apollo_Micro_Systems_share_price_expensive\" title=\"Is the Apollo Micro Systems share price expensive?\">Is the Apollo Micro Systems share price expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#What_does_the_new_IDL_Explosives_plant_do\" title=\"What does the new IDL Explosives plant do?\">What does the new IDL Explosives plant do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Is_IDL_Explosives_a_subsidiary_of_Apollo_Micro_Systems\" title=\"Is IDL Explosives a subsidiary of Apollo Micro Systems?\">Is IDL Explosives a subsidiary of Apollo Micro Systems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#What_are_the_risks_to_the_Apollo_Micro_Systems_share_price\" title=\"What are the risks to the Apollo Micro Systems share price?\">What are the risks to the Apollo Micro Systems share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/apollo-micro-systems-share-price-multibagger-defence-stock-capex-expansion-should-you-buy\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Apollo_Micro_Systems_Share_Price_Today\"><\/span><strong>Apollo Micro Systems Share Price Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Apollo Micro Systems share price: point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level on 22 Oct 2026<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 395.75<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 393.70<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 397.45<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 386.05<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price at 3:45 PM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 388.70, down 1.78%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 50.8 lakh shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One-year return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 46.72%<\/td>\n<\/tr>\n<\/table>\n<p>The stock opened lower than the previous close, touched a high of Rs 397.45 and then slid toward the day low of Rs 386.05, which is a weak finish for a day with positive company news. The Nifty 50 fell 0.54% and the broader market was under pressure from crude oil above $100, so the Apollo Micro Systems share price moved with the market more than with the news, and the Apollo Micro Systems share price is a high-valuation name. Volume of about 50.8 lakh shares shows active trading.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track defence and capital goods stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Was_Announced_The_IDL_Explosives_Plant\"><\/span><strong>What Was Announced: The IDL Explosives Plant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Apollo Micro Systems share price: plant detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What the reports say<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Company<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IDL Explosives, a group company of Apollo Micro Systems<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Plant<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bulk explosives, 9,000 MT a year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Location<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bolkunda near Asansol, West Bengal, on about 8.4 acres<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Date commissioned<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Inaugurated by<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Baddam Karunakar Reddy, founder and managing director of Apollo Micro Systems<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expected customers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eastern Coalfields, Central Coalfields and Coal India subsidiaries<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Investment amount<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not disclosed<\/td>\n<\/tr>\n<\/table>\n<p>The reports differ on the relationship. One describes IDL Explosives as a group company and another calls it a subsidiary, so the exact holding should be checked in the company&#8217;s filings before drawing conclusions about how much of the profit flows to Apollo Micro Systems. The news is about civil mining explosives and not about weapons for the defence forces, even though the parent is known as a defence stock.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow company announcements and stock alerts.<\/em><\/p>\n<p><strong>Risk:<\/strong> With no capex amount, order book or revenue target disclosed, the effect on the Apollo Micro Systems share price rests on assumptions and not on numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_We_Do_Not_Know_About_the_Capex\"><\/span><strong>What We Do Not Know About the Capex<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A headline that says capex expansion sounds large, but the facts that matter are missing. The amount spent, the expected revenue at full use, the margin on bulk explosives and the timeline to reach full capacity are all unknown at the time of writing. Without them, no reliable estimate of added profit can be made for the Apollo Micro Systems share price. Anyone who quotes a number for the extra earnings is guessing.<\/p>\n<p>What can be said is that a plant of 9,000 MT a year near coal fields in West Bengal places the business close to its customers, and that supplying Coal India subsidiaries can give steady demand. But bulk explosives is a different business from defence electronics, with its own competition and safety rules. The Apollo Micro Systems share price should react to confirmed orders and results and not to the plant alone.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_Apollo_Micro_Systems_Really_a_Multibagger\"><\/span><strong>Is Apollo Micro Systems Really a Multibagger?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Apollo Micro Systems share price: return check<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One-year return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 46.72%, which is a strong gain but not a multibagger on its own<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Multibagger definition<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A stock that has at least doubled, so a gain of 100% or more<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Longer-term returns<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not verified by me; check a price chart before relying on the label<\/td>\n<\/tr>\n<\/table>\n<p>The word multibagger in the headline comes from the news report. The one-year return of 46.72% does not meet the usual meaning of doubling an investment, so the label must rest on a longer period that I have not verified. A reader should check the price history for the period that suits them. Past gains also say little about future returns, and a stock that has run up can fall sharply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Apollo_Micro_Systems_Share_Price_Valuation\"><\/span><strong>Apollo Micro Systems Share Price Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Apollo Micro Systems share price: valuation measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 14,726 crore at the previous close<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3.09<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E at the previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">128.25 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E at Rs 388.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 125.8 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">48.06 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 38.63<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book at Rs 388.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 10.1 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.41<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.06%<\/td>\n<\/tr>\n<\/table>\n<p>At about 126 times earnings the Apollo Micro Systems share price is more than two and a half times the industry multiple of 48 (my calculation). A return on equity of 8.60% is modest, so the price already assumes years of fast profit growth. The dividend yield of 0.06% gives almost no income, which means returns depend entirely on the share price rising. If growth disappoints, a high P\/E can compress quickly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Defence_Stocks_Attract_Investors\"><\/span><strong>Why Defence Stocks Attract Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Defence stocks have drawn interest because of government spending on domestic production and the push for local sourcing. Apollo Micro Systems makes electronics and systems used in defence and aerospace programmes, and its growth has depended on orders from the government and large contractors. Orders in this field can be lumpy, so quarterly results can swing, which is another reason the Apollo Micro Systems share price moves sharply on news.<\/p>\n<p>This does not mean every defence stock rises. High valuations are common in the sector, and when market sentiment turns, the stocks with the highest P\/E ratios usually fall the most. Today&#8217;s fall of 1.78% in a stock that had positive news is a small example of that.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Apollo_Micro_Systems_Share_Price_Should_You_Buy\"><\/span><strong>Apollo Micro Systems Share Price: Should You Buy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Apollo Micro Systems share price: investor type (my reading)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Points to weigh<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Long-term investor<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The growth story and the 46.72% one-year gain are positives, but a P\/E near 126 needs strong earnings growth to justify it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">New buyer<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Waiting for the capex amount, order book and next results gives more facts; staggered buying lowers the timing risk<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Short-term trader<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The Rs 386.05 to Rs 397.45 range is the near-term reference; a close below Rs 386 would show weakness<\/td>\n<\/tr>\n<\/table>\n<p>This is an educational view and not advice. The new plant is a positive step in principle, yet it is not a reason on its own to buy a stock valued at such a high multiple. Investors in the Apollo Micro Systems share price should look for facts on orders, margins and the next quarterly results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_on_the_Apollo_Micro_Systems_Share_Price\"><\/span><strong>What to Watch Next on the Apollo Micro Systems Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Any filing that gives the investment amount and expected revenue from the new plant<\/li>\n<li>The ownership held in IDL Explosives and how its profit reaches the Apollo Micro Systems share price<\/li>\n<li>New defence orders and the order book in the next results<\/li>\n<li>Whether the Apollo Micro Systems share price holds above the Rs 386.05 day low<\/li>\n<li>Market direction, as crude oil and global cues are weighing on high-valuation stocks<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Apollo Micro Systems share price is down 1.78% at Rs 388.70 despite the commissioning of a 9,000 MT bulk explosives plant by group company IDL Explosives. The key facts, including the investment and the revenue impact, are missing, and the stock trades near 126 times earnings. The news is a modest positive for the Apollo Micro Systems share price but not a reason alone to buy. Read the filings and decide on your own horizon.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_Apollo_Micro_Systems_share_price_in_the_news\"><\/span><strong>Why is the Apollo Micro Systems share price in the news?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Group company IDL Explosives commissioned a bulk explosives plant of 9,000 MT a year at Bolkunda near Asansol in West Bengal on 22 Oct 2026. Reports describe it as a capex expansion, but the amount has not been disclosed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Apollo_Micro_Systems_share_price_today\"><\/span><strong>What is the Apollo Micro Systems share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock traded at Rs 388.70 at 3:45 PM IST on 22 Oct 2026, down 1.78% from Rs 395.75. The day range was Rs 386.05 to Rs 397.45 and about 50.8 lakh shares traded.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Apollo_Micro_Systems_share_price_a_multibagger\"><\/span><strong>Is the Apollo Micro Systems share price a multibagger?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline uses the word, but the one-year return is about 46.72%, which is not a doubling. Check a longer price chart to see whether it meets that definition for your period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Apollo_Micro_Systems_share_price_expensive\"><\/span><strong>Is the Apollo Micro Systems share price expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E is about 126 times at Rs 388.70 by my calculation, against an industry P\/E of 48.06. The price to book is about 10.1 and return on equity is 8.60%, so growth expectations are very high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_the_new_IDL_Explosives_plant_do\"><\/span><strong>What does the new IDL Explosives plant do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It makes bulk explosives with a capacity of 9,000 MT a year and is expected to serve coal mining customers such as Eastern Coalfields, Central Coalfields and Coal India subsidiaries. Bulk explosives is a civil mining business and not a defence weapons line.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_IDL_Explosives_a_subsidiary_of_Apollo_Micro_Systems\"><\/span><strong>Is IDL Explosives a subsidiary of Apollo Micro Systems?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports differ, with one calling it a group company and another a subsidiary. Check the company&#8217;s filings for the exact shareholding before assuming how its profit flows to Apollo Micro Systems.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_to_the_Apollo_Micro_Systems_share_price\"><\/span><strong>What are the risks to the Apollo Micro Systems share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are a high valuation, lumpy defence orders, missing details on the new plant and a weak market. A small dividend yield of 0.06% also means returns depend on the share price rising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is the Apollo Micro Systems share price in the news?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Group company IDL Explosives commissioned a bulk explosives plant of 9,000 MT a year at Bolkunda near Asansol in West Bengal on 22 Oct 2026. 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