Apollo Micro Systems Stock Shines with DRDO Tech Transfer Nod
India's air defence system Akashteer in action (Image credit PIB)
Apollo Micro Systems hits record high as DRDO approves it as a production agency for MIGM-Vighana and transfers missile warhead technology for NASM-SR.
By S JHA
MUMBAI, August 29, 2025 — Shares of Apollo Micro Systems Ltd surged more than 8% on Friday, hitting a new all-time high of ₹240, after the company announced a major defence breakthrough with the Defence Research and Development Organisation (DRDO).
The company has been approved as a production agency for the Multi-Influence Ground Mine (MIGM–Vighana) under the DcPP framework. In addition, Apollo Micro Systems signed a Transfer of Technology (ToT) agreement with DRDO for the Omni-Directional Multi-EFP warhead, a critical component of the NASM-SR missile.
The update was confirmed in an India Filing Digest disclosure, while defence analysts and market commentators cheered the move on X. Market expert Himanshu Gupta wrote: “APOLLO MICRO SYSTEMS – DRDO Approves Production, Transfers Missile Tech.”
Investor buzz was equally strong:
- The Financial Mirror noted the stock gained 12% today, 16% in the past five days, and 53% over the past month.
- Ashish K Nayak highlighted the company has delivered over 100% returns in six months despite market volatility, with room for another 15–20% upside.
- Nimblr pointed out Apollo’s monthly and weekly breakout trend since June 2025.
With a market capitalisation of ₹7,844 crore, Apollo Micro Systems is now being seen as a key player in India’s indigenous defence manufacturing push. Commenting on the development, The Tradesman posted on X: “This strategic move strengthens India’s indigenous defence capabilities and positions Apollo as a key player in advanced naval warfare tech.”
Analysts expect continued investor interest, citing DRDO-linked orders, recent ₹25 crore defence contracts, and Apollo’s strengthening role in the defence tech ecosystem.
Shares of Apollo Micro Systems closed on Friday at ₹262.60, with gains of over 8%. The stock has consistently been rising in the last few days. The company is currently valued at ₹8764 crores, while the face value of the stock is ₹1.
The shares of Apollo Micro Systems command PE valuation of 129, suggestive of premium valuation. The ROE and ROCE of the company stand at 10.2 and 14.5 respectively.
On the chart, there is a big jump in volumes in trades for the shares of Apollo Micro Systems. The stock per chart broke out with volume and price action.
(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)
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