Apollo Micro Systems Ltd. · NSE:APOLLO
Apollo Micro Systems — Q4 FY26 Earnings Presentation
129 slides from Apollo Micro Systems's earnings presentation, May 18, 2026
Slide 1: Earnings Presentation Q4 FY26 & FY26
APOLLO MICRO i LTD We Commit, We Deliver U * I vs N ; = D . F : “ R ; re) Es M w A ‘ P 7 £ R R ae E U : A E z . aia 6 FROM CONCEPT TO MASS PRODUCTION EARNINGS PRESENTATION- Q4 FY26 & FY26 BSE: 540879 ANS NSE: APOLLO 1
Slide 2: Fully Integrated Defence Company
FULLY INTEGRATED DEFENCE COMPANY INTEGRATED VALUE CHAIN WEAPONS EXPLOSIVES SUB-SYSTEMS/ SYSTEMS PLATFORMS WEAPONS INTEGRATION Including and not Commodity and limited to missiles, Strategic Critical and ruggedized systems and Torpedoes, Decoys, rockets, underwater Explosives Subsystems Loitering Muni
Slide 3: Diversified Portfolio
DIVERSIFIED PORTFOLIO MISSILES DRONES ROCKETS UNDERWATER VEHICLE MOUNTED COUNTER WEAPONS AERIAL BOMBS DRONE SYSTEMS EXPLOSIVES DIRECT ENERGY WEAPONS AMMUNITIONS 3 3 Earnings Presentation February 2026 Earnings Presentation May|2026 APOLLO MICROMICRO | APOLLO SYSTEMS LIMITED SYSTEMS LIMITED
Slide 4: Diversified Programmes
DIVERSIFIED PROGRAMMES BRAHMOS NG AKASH NG PINAKA GUIDED PINAKA ARIDHAMAN QRSAM KUSHA TAL TARA MAREECH VSHORAD EHWT VARUNASTRA ALWT AGNI NASM RUSTOM PRALAY Please refer slide no- for more details on the programs where we have participation Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITE
Slide 5: License Awarded by GoI
LICENSE AWARDED BY GOI • The License authorizes us to manufacture, assemble, integrate, proof-test high strategic value weapons systems and ammunitions namely Missiles, ATGMs, Torpedoes, Underwater Mines, SAM, Chaffs, Flares, Decoys, Aerial Bombs, Rockets, Loitering Munitions. Earnings Presentation
Slide 6: OEM Supplier of Weapons
OEM SUPPLIER OF WEAPONS Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 6
Slide 7: Multi Influence Ground Mines
MULTI INFLUENCE GROUND MINES • We are the approved production agency for Multi-Influence Ground Mine (MIGM) – Vighana, under DcPP by DRDO. • Earlier only United States, Russia, China, and Italy were present now with this achievement, India joins the league of technologically advanced nations in unde
Slide 8: Limpet Mines
WHERE WE ARE- FROM SUBSYSTEMS/ SYSTEMS TO COMPLETE WEAPONS (1/8) FIRST • A Limpet Mine is a type of Naval mine that is usually manually placed by a diver on the upside of a ship’s hull. INDIGENIZED • These mines are manually attached to the target by magnets. LIMPET MINES • These man-portable and mu
Slide 9: Moored Mines
MOORED MINES • The Moored Mine is deployed where water is too deep for bottom mines and normally uses a combination of acoustic, magnetic and pressure sensors or even more sophisticated optical shadows or electro potential sensors. FIRST • The Moored Mines have a weight attached to them which keep t
Slide 10: Real World Case- Strait of Hormuz
REAL WORLD CASE- STRAIT OF HORMUZ LIMPET MINES MOORED MINES Iran is believed to have had a pre-war stockpile of 5,000-6,000 mines. Disclaimer: AMS weapons have not been supplied in Iran- USA war. The MIGM picture is intended solely to demonstrate the capabilities and applications of the weapons for
Slide 11: Kamikaze Boat
KAMIKAZE BOAT These are submersible boat that lies in, wait underwater, then pops up to the surface to ram into targets. These small vessels are launched from multiple directions at high speeds, which can saturate surveillance and defensive systems. The purpose of the submersible is area denial and
Slide 12: Anti Submarine Warfare
ANTI SUBMARINE WARFARE ROCKETS • Because of the specialized nature of submarines, a distinct military strategy called anti-submarine warfare, or ASW, was created to counter them. Its primary objective is to defend ships and allied assets by identifying, locating, and eliminating enemy submarines, us
Slide 13: Aerial Bombs
AERIAL BOMBS • These Aerial Bombs are fitted onto Unmanned Areal Vehicles (Loitering Munitions) that are designed to provide unprecedented levels of flexibility and precision in modern warfare and will be delivered to inflict damage to the targets. • The Aerial Bombs can be used as Anti-personal / A
Slide 14: Medium Range Rockets
MEDIUM RANGE ROCKETS • Its compact form factor ensures compatibility with vehicle-mounted launch systems while maintaining the required aerodynamic stability, structural integrity, and operational effectiveness for counter- drone missions. • Ground to Air Launch developed for attacking Drones/ Swarm
Slide 15: Grad Rocket Shoot & Move
GRAD ROCKET GRAD ROCKETS (8/) SHOOT & MOVE Successfully developed the 122mm rocket warhead inhouse. The BM-21 Grad Rockets (122 mm Global Standard) Integrate indigenously developed warheads with domestically produced rocket remain among the most motors. widely demanded unguided rockets in the global
Slide 16: Weapons/ Systems
WEAPONS/ SYSTEMS • The existing portfolio includes • These weapons systems have been complete weapon systems that indigenously developed and have either achieved qualification produced entirely in-house. or are in advanced stages of the qualification process. • Considering indigenized missile • In t
Slide 17: Unmanned (UAV) Aerial Systems
UNMANNED (UAV) AERIAL SYSTEMS We hold a license to manufacture Large Payload capable Aerial Bombs Unmanned Helicopters Unmanned dispensing UAS. Aerial Systems (UAS). We are collaborating with several Long Endurance High Altitude UAS domestic and international partners for ability to work in GPS deni
Slide 18: Latest Technologies
LATEST MEDIUMTECHNOLOGIES RANGE ROCKETS 18 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 19: Directed Energy Weapons (DEW)
DIRECTED ENERGY WEAPONS (DEW) DEW SYSTEMS As the name suggests, they use high- Transfer of Technology for Multi-Channel 10 kW Laser Directed Energy powered lasers to inflict damage on targets. Compared to traditional weapons, which 01 Weapon System from DRDO-CHESS, Hyderabad, subject to execution of
Slide 20: Vehicle Mounted Counter Drone Systems
VEHICLE MOUNTED COUNTER DRONE SYSTEMS (VMCDS) • Under Make II Category. • From First quarter of next financial year the trials will be initiated. • It is currently in the development stage. 20 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 21: Systems/Sub-Systems Indigenized by Us
INDIGINIZED SYSTEMS/SUB- SYSTEMS INDIGENIZED BY US 21 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 22: Armament Systems
ARMAMENT ARMAMENT SYSTEMS SYSTEMS The Exchange of the MoU at Swavalamban 2025, the Indian Navy's flagship event for innovation and indigenization, among IIT Chennai, Indian Navy and Apollo Micro Systems Ltd highlights the shift towards a collaborative R&D model. This partnership is expected to focus
Slide 23: Critical Systems/ Subsystems
CRITICAL SYSTEMS/ SUBSYSTEMS Actuation System Homing Systems 1 8 2 7 Power Distribution Guidance, Navigation and Systems Control Systems On Board Computer 3 6 Safety Arming Systems Mechanism 4 5 Fuzes Warhead 23 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 24: Critical Systems/ Subsystems
CRITICAL SYSTEMS/ SUBSYSTEMS Digital RF Seeker Actuation Systems 9 16 10 Signal Processing Units 15 Data Link Systems Radome 11 14 Rocket Motors 12 13 MIRV Launcher Systems 24 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 25: Critical Systems/ Subsystems
CRITICAL SYSTEMS/ SUBSYSTEMS Propulsion Systems Ruggedized Computer Module 17 24 18 23 Inertial Navigation Fire Control System Systems Critical Ground Handling 19 22 Telemetry Systems System 20 21 Weapon Dispensing Combination of Camera, Laser, GNSS Module Systems And many more 25 Earnings Presentat
Slide 26: Homing Systems
HOMING SYSTEMS Universal Homing System for Heavy Weight Torpedoes, This first-of-its-kind technology was developed in collaboration with DRDO. Heavy Weight Torpedoes are included in the We are fully We are the only Ministry of Defence We invested last prepared to meet qualified vendor Embargo List,
Slide 27: Inertial Navigation Systems and Radar Equipments
INERTIAL NAVIGATION SYSTEMS AND RADAR EQUIPMENTS • We hold a license to manufacture Inertial Navigation Systems (INS) and is presently engaged in the development of • MEMs based multiple navigation solutions. INS is in the • In parallel, we are collaborating with selected domestic and international
Slide 28: Land Mines
LAND MINES PRACHAND PRACHAND is an Anti-Tank Munition with full width attack capability. First line of defence against enemy infantry It comes under new family of New Variants of Anti Tank We produced Hardware for this Mines are under and armoured columns or terrorist trying to Munitions in India. a
Slide 29: Munition Systems
MUNITION SYSTEMS Awarded Transfer of Technology (TOT) by the Defence Research and Development Organization (DRDO) in Explosive Fuzes Warhead Land Mine Safety ESAD based Fuze for Mini Omni Directional Multi- Prachand Munition Arming Depth Charge (MDC) EFP Warhead for NASM- Hardware SR Missile Mechani
Slide 30: Indigenized Industrial Explosive
INDIGINIZED INDUSTRIAL EXPLOSIVE 30 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 31: Defence Explosives
DEFENCE EXPLOSIVES Under the IDR Act, 1951, authorizing the manufacture of Cyclotetramethylenetetranitramine 3 Development opens up the opportunity for us to (HMX) and Trinitrotoluene (TNT). meet its captive requirements of high-energy 1 defence explosives while also addressing the growing demand in
Slide 32: Highlights FY26 and Q4FY26
HIGHLIGHTS FY26 AND Q4FY26 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 32
Slide 33: Shareholding Pattern
SHAREHOLDING PATTERN • INSTITUTION NAMES Magnificia Global Opportunities VCC • Al Maha Investment Fund • Minerva Ventures Fund • Zeal Global Opportunities Fund • Red Bay • Morgan Stanley • SPDR Emerging Market ETF 43% 52% Promoter • BOFA Securities Europe • BNP Paribas Financial Market Institutions
Slide 34: Extending Our Streak of Strong Performance- Full Year
EXTENDING OUR STREAK OF STRONG PERFORMANCE- FULL YEAR (All Figures in Millions) CONSOLIDATED YoY Revenue from Operations EBITDA* EBITDA Margin INR 9043 INR 2182 24% + 61 % + 69 % + 114 bps PAT PAT Margin Order Book INR 1074 12% INR 14320 Mn As on 31st March 2026 + 91 % + 185 bps * Excluding Other In
Slide 35: Extending Our Streak of Strong Performance- Full Year
EXTENDING OUR STREAK OF STRONG PERFORMANCE- FULL YEAR (All Figures in Millions) STANDALONE YoY Revenue from Operations EBITDA* EBITDA Margin INR 7649 INR 2139 28% + 36 % + 66% + 497 bps PAT PAT Margin INR 1206 16% + 111% + 558 bps * Excluding Other Income Earnings Presentation May 2026 | APOLLO MICR
Slide 36: Extending Our Streak of Strong Performance- Quarterly Result
EXTENDING OUR STREAK OF STRONG PERFORMANCE- QUARTERLY RESULT (All Figures in Millions) STANDALONE YoY Revenue from Operations EBITDA* EBITDA Margin INR 2052 INR 604 29% + 27 % + 68 % + 321 bps PAT PAT Margin INR 375 18% + 162 % + 940 bps * Excluding Other Income Earnings Presentation May 2026 | APOL
Slide 37: Extending Our Streak of Strong Performance- Quarterly Result
EXTENDING OUR STREAK OF STRONG PERFORMANCE- QUARTERLY RESULT (All Figures in Millions) CONSOLIDATED YoY Revenue from Operations EBITDA* PAT INR 2933 INR 676 INR 368 + 81 % +88 % + 164 % EBITDA Margin PAT Margin 23% 13% Significant improvement in Line Items + 82 bps + 391 bps * Excluding Other Income
Slide 38: Distinct. Determined. Ahead.
DISTINCT. DETERMINED. AHEAD. 01 The only company with Highest Participation in Indigenous Missile Programs of DRDO. 02 The only company in India with a proven track record of supplying from an individual systems to complete platforms, including explosives. 02 03 The only company in India working for
Slide 39: Legacy of Trust, Vision for Atmanirbhar Bharat
LEGACY OF TRUST, VISION FOR ATMANIRBHAR BHARAT Standalone Performance over the years EBITDA (ex Other Income) 30% 41% CAGR 2021-2026 PAT Revenue 64% CAGR CAGR 2021-2026 2021-2026 23% EBITDA Margin (ex Other Income) Average 5 Years 2022-2026 D/E Average 5 years 0.4 2022-2026 Earnings Presentation May
Slide 40: The Big Picture- Indigenization
THE BIG PICTURE- INDIGENIZATION We Indigenize- Systems/ Sub-Systems/ Weapons. India Builds Its Own Future. RFP Type to name some Presence in all Make 1 Program 150+ Missiles Programs Indigenous Make 2 Program Program IDMM Presence in all 700+ Participation Buy Indian NAVAL Warfare On board Buy and M
Slide 41: The Road We Have Walked
THE ROAD WE HAVE WALKED 84 26 84 % Successfully configured % % First Indigenous Pay-Load Indigenous Automatic Started Offering Incorporated AMS Checkout System is supplied Launched Telemetry Launcher Controller for Indigenous Proprietary Company to ISRO replacing Legacy Products for ISRO AGNI Range
Slide 42: Our Vision and Mission
OUR VISION AND MISSION VISION MISSION To emerge as a world-class company Convert your and a unique solution provider with Concepts into Reality. Total Solutions Under One Roof. Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 42
Slide 43: Inorganic Growth
INORGANIC GROWTH Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 43
Slide 44: Recent Strategic Acquisition- Unlocking Value (1/5)
RECENT STRATEGIC ACQUISITION- UNLOCKING VALUE (1/5) Apollo Defence Industries Pvt Ltd (ADIPL), a subsidiary of Apollo Micro Systems Ltd, has completed 100% GOCL Corporation Limited (GOCL), formerly Gulf Oil Corporation The acquired entity possesses a substantial land bank equity stake in IDL Explosi
Slide 45: Successful Acquisition Conclusion (2/5)
SUCCESSFUL ACQUISITION CONCLUSION (2/5) IDL EXPLOSIVES LTD is now 100% owned by APOLLO DEFENCE INDUSTRIES PVT LTD Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 45
Slide 46: Turning Near Term Challenges into Opportunities (3/5)
TURNING NEAR TERM CHALLENGES INTO OPPORTUNITIES (3/5) While the near term presented headwinds including volatility in gross margins, a temporary ban by our highest revenue contributing customer, and underutilized capacity each of these challenges is being actively transformed into a driver of future
Slide 47: Testament of Our Efforts (4/5)
TESTAMENT OF OUR EFFORTS (4/5) Our focused and proactive actions have led to the successful removal of the ban by Coal India` Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 46 47
Slide 48: Testament of Our Efforts (5/5)
TESTAMENT OF OUR EFFORTS (5/5) From Cash Cow Business to Growing Business- Removal of Coal India Ban Our first order was secured immediately following the acquisition, marking a decisive return to stable operations. Recent Order Won from Coal India worth of INR 421 crores (approx.). Back in the Busi
Slide 49: Our Circle of Competence
OUR CIRCLE OF COMPETENCE Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 49
Slide 50: Our Strategic Attributes (1/7)
OUR STRATEGIC ATTRIBUTES (1/7) We design and manufacture systems, subsystems and weapons using in‑house engineering from initial concept The only Indian company with a through production. No reverse engineering of demonstrated, proven track third‑party products is performed or relied upon. All recor
Slide 51: Our Strategic Attributes (2/7)
OUR STRATEGIC ATTRIBUTES (2/7) R&D as a % of revenue in FY26 stood at 8%. Growing Organically and Inorganically. Diversification of sectors, clients, geographies and Tier 1 supplier. Solutions offerings. Participation in complex Tenders. Presence in niche sectors with products where competition is l
Slide 52: Our Strategic Attributes (3/7)
OUR STRATEGIC ATTRIBUTES (3/7) Backward integration enabled through greenfield and brownfield High Entry Barrier. expansions, along with a recent acquisition and forward integration via transforming from sub-sytems to systems and now to complete weapons and weapon integration Significant Order Book
Slide 53: Our Strategic Attributes (4/7)
OUR STRATEGIC ATTRIBUTES (4/7) Only publicly listed Tier-1 Hold a strategic advantage in the naval domain, electronics designer with varied with a strong presence across all indigenously technological spectrum of Weapon developed Torpedo programs. electronics for missile systems. Exclusively develop
Slide 54: Significant Entry Barrier Explained (5/7)
SIGNIFICANT ENTRY BARRIER: EXPLAINED (5/7) We have ownership of Intellectual Property for all weapons/ systems/ subsytems. Long Substantial upfront Capex and Strategic location in India’s defence Production cycle creates monopoly due to regular capital infusion in R&D . belt Hyderabad. New entrants
Slide 55: Drivers, Financial Resilience Reinforcing Momentum (6/7)
DRIVERS, FINANICIAL RESILIENCE REINFORCING MOMENTUM (6/7) Exports gaining Momentum. demonstrated growth in both Atmanirbhar Bharat- Making 01 02 03 04 topline and bottom line, with bottom line growth (64%) outpacing Defence sector sustainable. that of the topline (30%). Expansion in margins Operatin
Slide 56: Drivers, Financial Resilience Reinforcing Momentum (7/7)
DRIVERS, FINANICIAL RESILIENCE DRIVERS, FINANCIAL RESILIENCE, REINFORCING MOMENTUM (2/2) REINFORCING MOMENTUM(7/7) ROCE substantially Increased to 18.23% in FY26 from 10% in FY21. Technical Expertise D/E has seen a sharp reduction from evidenced through Moored Mines, 05 06 07 08 0.54 in FY25 to 0.4
Slide 57: Business Overview
BUSINESS OVERVIEW Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 57
Slide 58: Defence Weapons Manufacturer and Weapon Integrator
DEFENCE WEAPONS MUNUFACTURER AND WEAPON INTEGRATOR Established in 1985 and headquartered in Hyderabad, we are a leading multi disciplinary defence technology company and Tier-I Original Equipment Manufacturer (OEM). Building on 41 years of technological excellence, we are a fully integrated company
Slide 59: Application of Products and Services Offerings (1/2)
APPLICATION OF PRODUCTS AND SERVICES OFFERINGS (1/2) 58 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 59
Slide 60: Application of Products and Services Offerings (1/2)
APPLICATION OF PRODUCTS AND SERVICES OFFERINGS (1/2) 58 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 60 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED
Slide 61: Application of Products and Services Offerings (2/2)
APPLICATION OF PRODUCTS AND SERVICES OFFERINGS (2/2) Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 61
Slide 62: Business Model Canvas
BUSINESS MODEL CANVAS BUSINESS MODEL CANVAS Key Activities Key Resource Cost Structure We are a fully integrated A standardized definition R&D and Testing costs vary based company which focuses from is not applicable, as each on product mix & is substantial design, development, mass product is custo
Slide 63: Our Marquee Clientele (1/2)
OUR MARQUEE CLIENTELE (1/2) We largely caters to / collaborates with the Ministry of Defence, Government controlled Public Sector Undertakings and Private Companies. Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 63
Slide 64: Our Marquee Clientele (2/2)
OUR MARQUEE CLIENTELE (2/2) We largely caters to / collaborates with the Ministry of Defence, Government controlled Public Sector Undertakings and Private Companies. and many more Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 64
Slide 65: Certifications
CERTIFICATIONS We are an AS 9100D & CEMILAC (Centre for Military Airworthiness & Certification) certified Organization. CEMILAC CERTIFIED Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 65
Slide 66: Greenfield Expansion
GREENFIELD EXPANSION 01 Scaling Operations to 12x capacity. Total investment of INR 300 crores which also includes a land bank 02 of approx. 2,47,441 sq ft strategically located adjacent to Unit 3 at the Industrial Park, TSIIC Hardware Park, Phase 2, Hyderabad. The facility is planned to support the
Slide 67: Driven by Innovation and Indigenization
DRIVEN BY INNOVATION AND INDIGENIZATION Our dedicated R&D team, comprising experienced engineers with 10% core expertise in embedded hardware and software development, 9% 9% 9% plays a pivotal role in our strategy. Their extensive knowledge spans Aerospace, Avionics, Space, Naval, On-Board Systems,
Slide 68: Built into Every Indigenized Missile
BUILT INTO EVERY MODE MISSILES INDIGENIZED Air to Surface Missile (ASM) RUDRAM MISSILE Surface to Air Missile (SAM) VLSRAM (ASTRA VARIANT), AKASH/ NGRAM,QRSAM,SANT, KUSHA Anti Radiation RUDRAM, STAR, NGRAM Missile NAG, AMOGHA 2, HELINA, Anti Tank IMPATGM Missile Anti Ship LRAHSM, NASM Missile Cruise
Slide 69: Built into Every Indigenized Naval Programme
BUILT INTO MODE EVERY NAVAL PROGRAMME INDIGENIZED MISSILENUCLEAR SUBMARINE Arihant Aridhaman TAL TORPEDO Varunastra ALWT SUBMARINE EHWT LAUNCHED TORPEDO UNDERWATER MIGM MINE Moored Mines EXPANDABLE MAREECH BUILT INTO EVERY DECOYS MOHINI INDIGENIZED MISSILE Earnings Presentation May 2026 | APOLLO MIC
Slide 70: Built into Every Indigenized Artillery Programme
BUILT INTO EVERY MODE PROGRAMS INDIGENIZED TARA RUSTOM UAV MISSILE BOMBS GARUTHMA GARUDA VSHORAD AIR DEFENCE SYSTEM OTHERS LRGB HYPERSONIC TECHNOLOGY PINAKA DEMONSTRATOR ARTILLERY VEHICLE GUIDED PINAKA ATAGS Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 70
Slide 71: Presence in All Indigenized Missile Programmes
PRESENCE IN ALL INDIGENIZED MISSILE PROGRAMMES Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 71
Slide 72: Indigenized Missiles
INDIGENIZED MISSILES ANTI SUBMARINE MISSILE BALLISTIC MISSILE SMART PRALAY K4 AIR TO SURFACE MISSILE NUCLEAR MISSILE AGNI Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 72
Slide 73: Indigenized Missiles
INDIGENIZED MISSILES CRUISE MISSILE NIRBHAY SLCM ANTI SHIP MISSILE NASM LRAHSM Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 73
Slide 74: Indigenized Missiles
INDIGENIZED MISSILES SURFACE TO AIR MISSILE AKASH VLSRAM NGRAM QRSAM SANT Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 74
Slide 75: Indigenized Missiles
INDIGENIZED MISSILES STAR ANTI TANK MISSILE ANTI RADIATION MISSILE HELINA AMOGHA 2 NGRAM NAG MPATGM Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 75
Slide 76: Naval Programs
NAVAL PROGRAMS Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 76
Slide 77: Naval Programs
NAVAL PROGRAMS UNDERWATER MINES MIGM MOORED MINES NUCLEAR SUBMARINE ARIHANT NAG Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 77
Slide 78: Naval Programs- Torpedoes
NAVAL PROGRAMS TORPEDOES TAL ALWT VARUNASTRA Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 78
Slide 79: Naval Programs
NAVAL PROGRAMS EXPENDABLE DECOYS MAREECH MOHINI SUBMARINE LAUNCHED TORPEDO EHWT Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 79
Slide 80: Others
OTHERS Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 80
Slide 81: Others
OTHERS EXPENDABLE DECOYS VSHORAD HYPERSONIC TECHNOLOGY RUSTOM UAV DEMONSTRATOR VEHICLE Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 81
Slide 82: Arms and Ammo
ARMS AND AMMO Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 82
Slide 83: Arms and Ammunitions
ARMS AND AMMUNITIONS BOMBS LRGB TARA Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 83
Slide 84: Arms and Ammunitions
ARMS AND AMMUNITIONS ARTILLERY LRGB PINAKA GUIDED PINAKA ATAGS Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 84
Slide 85: Business Environment
BUSINESS ENVIRONMENT 2027- ERA OF TRANSITION INDIA 2027-2037- ERA OF CONSOLIDATION 2037-2047- ERA OF EXCELLENCE Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 85
Slide 86: Nations Are Gearing Up (1/7)
Driver- INCREASING DEFENCE BUDGET NATIONS ARE GEARING UP (1/7) World military expenditure rose by $2887 billion in 2025. (2.9 % YoY Spike) 2.5 % of GDP in 2025. Europe total military spending reached $864 billion (2025) (14% YoY Increase) The five biggest spenders in 2025 were the United States, Chi
Slide 87: Nations Are Gearing Up (2/7)
NATIONS ARE Driver- INCREASING DEFENCE BUDGET Biggest Spender – The USA Accounting 33.33% of all military spending (2025) GEARING UP (2/7) The USA spent 2.8 times as much on the military as China (2025) World’s 2nd Largest Military Spender- China China maintained 12% of global spending Accounted 1.7
Slide 88: Nations Are Gearing Up (3/7)
NATIONS ARE GEARING UP (3/7) Approximately 35 countries currently possess operational ballistic missiles of various ranges and approximately 25 countries have operational. Wars Russia- Ukraine and USA/ Israel- Iran Missiles are a critical part of any Arsenals Israel- Hamas War Continued and extensiv
Slide 89: Nations Are Gearing Up (4/7)
NATIONS ARE GEARING UP (4/7) An estimated 3912 of those warheads were deployed with missiles and aircraft and the rest were in central storage. Around 2100 of the deployed warheads were kept in a state of high operational alert on ballistic missiles. Nearly all of these warheads belonged to Russia o
Slide 90: USA Approach and Priorities (5/7)
The Department of War is addressing USA APPROACH AND challenges in ordering thousands of additional missile interceptors and PRIORITIES (5/7) long-range strike missiles. 89 Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 90
Slide 91: Speed for Sovereignty (6/7)
SPEED FOR SOVEREIGNTY (6/7) EU MEMBER STATES USA OTHERS Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 91
Slide 92: Nations Are Gearing Up (7/7)
NATIONS ARE GEARING UP (7/7) Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 92
Slide 93: Markets with Macro Tailwinds (1/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (1/10) Story in Charts Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 93
Slide 94: Markets with Macro Tailwinds (2/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (2/10) All Figures in INR Crores Story in Charts Capital Acquisition Outlay 2,50,000 55% 3.05x Capital Outlay as a % of Defence Budget 2,19,306 50% 2,00,000 29% 1,80,001 40% 29% 1,59,501 1,54,256 28% 1,50,000 1,42,939 1,37,986 1,
Slide 95: Markets with Macro Tailwinds (3/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (3/10) All Figures in INR Crores Story in Charts Composition of Capital Acquisition Outlay Breakup of Total Capital Acquisition Outlay 100% Domestic Capital Procurement RE Foreign Capital Procurement RE 90% Others 89% 80% Land Sp
Slide 96: Markets with Macro Tailwinds (4/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (4/10) Story in Charts % Defence Service Estimates on Navy capital outlay Breakup of Total Capital Outlay in Modernization % Defence Service Estimates on airforce capital outlay % Defence Service Estimates on army capital outlay
Slide 97: Markets with Macro Tailwinds (5/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (5/10) Story in Charts Composition of Defence Production Composition of Export Production Pvt Cos SCOMET Issued by DGFT Contract Value and Another Export by DPSU DPSUs Contri in Total Defence Production Other PSUs/JV Contri in To
Slide 98: Markets with Macro Tailwinds (6/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (6/10) Story in Charts Composition of Capital Acquisition Outlay among Services* FY24 FY25 FY26 Army Army 19% 23% Army, 17% Air Force Air Force 41% 39% Air Force, 39% Navy, 43% Navy 36% Navy Joint Staff 41% 0% Joint Staff 1% *exc
Slide 99: Markets with Macro Tailwinds (7/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (7/10) The Budget gives a strong thrust to Aatmanirbhar Bharat (Self-reliant India) by promoting indigenous manufacturing and reducing import dependence. Domestic defence industries, including private sector players, are key bene
Slide 100: Markets with Macro Tailwinds (8/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (8/10) India ranks approximately 4th to 7th globally in missile technology, excelling in ICBMs, cruise missiles, and ABM systems, with hypersonic advancements closing gaps with leaders. Its indigenous focus and strategic deployme
Slide 101: Markets with Macro Tailwinds (9/10)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (9/10) The explosive market size is expected to see strong growth in the next few years. It will grow to $9.37 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The surge in government spending on the defense secto
Slide 102: Hyderabad, India's Defence Fortress (10/10)
HYDERABAD, INDIA’S DEFENCE FORTRESS (10/10) G l BECAUSE OF o Conducive Ecosystem supported by deep domain b expertise, strong institutional backing and a l globally competitive manufacturing capabilities B • World class infrastructure • Network of over 1500 MSMEs u • Presence of DRDO, DPSUs and glob
Slide 103: Catalyst
CATALYST Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 103
Slide 104: India's Time Is Now
INDIA’S TIME INDIA’S TIME IS NOW IS NOW Reliance on INDIGENIZATION for NATIONAL SECURITY. Export Opportunity. WORLD Dynamic is CHANGING. Platform with long life creates Alliances Are Pivotal in Shaping aftermarket opportunity. Defense Spending. Military Modernization programs. DEMAND Outpacing SUPPL
Slide 105: Driving Mutual Growth
DRIVING MUTUAL GROWTH Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 105
Slide 106: Growing Together
GROWING PARTNERSHIPS: DRIVING MUTUAL GROWTH TOGETHER Signed MoU with Munitions India Ltd for identified select opportunities. • Approved Collaborative R&D Partner Signed MoU with TCL for defense products. for Bharat Electronics Limited. • Participation in 60+ programmes of Signed MoU at Swavalamban
Slide 107: Financial Performance
FINANCIAL PERFORMANCE Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 107
Slide 108: Delivery on Promise
DELIVERY ON PROMISE Achieved PAT Margin Full Year (FY26) 16% PAT Margin 15% Achieved PAT Margin Q4FY26 18% PAT Margin 15% At Standalone Level Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 108
Slide 109: Financial Highlights- FY26 (Consolidated)
FINANCIAL HIGHLIGHTS- FY26 (CONSOLIDATED FIGURES) (All Figures in Millions) Revenue from Operations ROE ROCE EBITDA (Ex Other Income) 61% 18.23% 18.14% 69% 9043.2 2181.6 11.21% 10.00% 1292.1 5620.7 FY25 FY26 FY25 FY26 FY25 FY26 PAT 11.9% 91% 10.0% 24.1% EBITDA 23.0% 1073.8 Margin Delivering Strong P
Slide 110: Financial Highlights- FY26 (Standalone)
FINANCIAL HIGHLIGHTS- FY26 (STANDALONE FIGURES) (All Figures in Millions) Revenue from Operations EBITDA 66% 36% 19.29% 18.76% 7648.5 2138.8 5620.7 12.49% 10.15% 1292.2 FY25 FY26 FY25 FY26 FY25 FY26 PAT ROE ROCE 28.0% 111% 23.0% 15.8% 1205.8 Delivering Strong Performance 10.2% EBITDA with improved F
Slide 111: Financial Highlights- Q4FY26 (Consolidated)
FINANCIAL HIGHLIGHTS- Q4FY26 (CONSOLIDATED FIGURES) (All Figures in Millions) Revenue from Operations EBITDA (ex Other Income) 81% 88% 676.4 2932.6 2522.2 503.9 1617.7 359.9 Highest Ever Quarter Revenue Registered Q4FY25 Q3FY26 Q4FY26 Highest Ever Quarter EBITDA Q4FY25 Q3FY26 Q4FY26 PAT Achieved EBI
Slide 112: Financial Highlights- Historical (Consolidated)
FINANCIAL HIGHLIGHTS- HISTORICAL (CONSOLIDATED FIGURES) (All Figures in Millions) Revenue from Operations 9043.2 EBITDA (ex Other Income) PAT 2181.6 3.67x 4.48x 5620.7 1292.1 3716.3 2975.3 838.7 2459.0 2431.9 640.9 2030.7 563.6 563.6 486.7 455.2 385.3 311.1 140.1 146.2 187.4 102.5 FY20 FY21 FY22 FY2
Slide 113: Financial Highlights- Historical
FINANCIAL HIGHLIGHTS- HISTORICAL (All Figures in Millions, otherwise stated) 800 R&D as a % of revenue 10% 9% 725 9% Working Capital Days 700 626 8% 8% 8% 600 7% 540 7% 512 527 500 6% 6% 6% 413 400 5% 359 335 298 4% 300 266 3% 200 134 147 2% 100 1% 0 0% FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 F
Slide 114: Consolidated Income Statement- Q4FY26 & FY26
CONSOLIDATED INCOME STATEMENT- Q4FY26 & FY26 Particulars (Rs in Mn) Q4FY26 Q3FY26 QoQ Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 2932.6 2522.2 16.3% 1617.7 81.3% 9043.2 5620.7 60.9% Other Income 31.9 9.1 7.3 62.7 28.9 Total Revenue 2964.5 2531.3 17.1% 1625.0 82.4% 9106.0 5649.5 61.2% Total Exp
Slide 115: Consolidated Income Statement - Historical
CONSOLIDATED INCOME STATEMENT - HISTORICAL Particulars (Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 FY26 Revenue from Operations 2459.0 2030.7 2431.9 2975.3 3716.3 5620.7 9043.2 Other Income 16.0 6.4 7.6 8.2 18.3 28.9 62.7 Total Revenue 2475.0 2037.1 2439.5 2983.5 3734.6 5649.5 9106.0 Total Expenses exc
Slide 116: Consolidated Balance Statement - Historical
CONSOLIDATED BALANCE STATEMENT - HISTORICAL Key Balance Sheet Items(Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 FY26 Equity Share Capital 207.6 207.6 207.6 207.6 282.4 306.5 357.3 Reserves 2751.6 2851.7 2992.7 3634.4 4909.8 5769.2 12724.9 Borrowings 132.0 162.2 1157.8 1436.5 2080.4 3353.5 5432.6 Other L
Slide 117: Consolidated Cashflow Statement - Historical
CONSOLIDATED CASHFLOW STATEMENT - HISTORICAL Particulars (Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 FY26 Cash Flow From Operating Activities 469.1 73.8 431.8 -162.9 -784.9 102.4 -1297.6 Cash Flow From Investing Activities -186.9 -238.6 -243.0 -347.6 -587.9 -912.9 -3569.0 Cash Flow From Financing Activ
Slide 118: Opportunities Aligned and Ready: Why We're Positioned to Win
OPPORTUNITIES ALIGNED AND READY: HERE’S WHY WE’RE POSITIONED TO WIN The requirement of missile systems is envisaged to grow significantly in the upcoming years with the induction of a large number of ships, submarines and aircrafts. There is a critical need to advance the development of Anti-Submari
Slide 119: Ready to Serve the Country
READY TO SERVE READY TO SERVE THE COUNTRY THE COUNTRY We anticipate a sharp increase in our internal demand for explosives and propellants as several of our matured munition platforms will be entering large- scale production, including: Underwater Short and Mine Medium Range Rocket Other Critical An
Slide 120: Strategy for the Years Ahead
STRATEGY FOR AHEAD STRATEGY FOR YEARS THE YEARS AHEAD Strengthening core R&D Rooting in Bharat and Expanding Geographical footprints We aim to strengthen our R&D foundation to drive • We are committed to expanding our presence in the Indian innovation and develop cutting-edge technologies in market
Slide 121: Management Commentary
MANAGEMENT MANAGEMENT COMMENTARY DESK “ FY 2025-26 has been a breakthrough year for Apollo Micro Systems, our highest-ever annual revenue and profitability, the successful conclusion of the IDL Explosives acquisition through ADIPL, the award of the DPIIT license for UAV manufacture, and the receipt
Slide 122: Grateful for the Opportunity & Proud to Contribute
GRATEFUL FOR THE OPPORTUNITY & PROUD TO CONTRIBUTE DRDO & Indian Navy conduct combat firing (with reduced explosive) of indigenous Multi-Influence Ground Mine. Other nations that have developed seabed mines similar to DRDO’s MIGM include the United States, Russia, China, and Italy. With this achieve
Slide 123: Creating Impact in India's Drive for Atmanirbhar Bharat
CREATING IMPACT IN INDIA’S DRIVE FOR ATMANIRBHAR BHARAT Enters into a Strategic Greenfield Expansion with Government of Telangana(GoT) at “Rising Telangana Summit 2025” Earnings Presentation May 2026 | APOLLO MICRO SYSTEMS LIMITED 122 123
Slide 124: Successful Aeroshow
SUCCESSFUL AEROSHOW Aero India is a premier event in the aerospace and defense industry, and our participation aligns with our strategic goals. It provides an excellent platform to showcase our products, engage with key stakeholders, and strengthen business partnerships . We have signed an MoU with
Slide 125: Setting the Record Straight
SETTING THE RECORD STRAIGHT Dilution of Equity- All equity dilution to date has been strategic and prudent. The current preference round is intended to reinvest in the business, with a focus on leveraging growth opportunities in the defence sector. Quarterly Result Is Not The Correct Yardstick- In a
Slide 126: Skin in the Game / Leadership
SKIN SKIN IN GAME/ IN THE THE GAME/ LEADERSHIP LEADERSHIP- LED WITH LONG TERM COMMITMENT WITH LONG TERM COMMITMENT Mr. Chandrapati Venkata Siva Prasad (Whole Time Director- Operations) (Managing Director) Mr. Baddam Karunakar Reddy (Whole Time Director- Technical) He founded Apollo Micro Systems in
Slide 127: Earnings Call Invite Q4FY26 & FY26
EARNINGS CALL INVITE Q4FY26 & FY26 We are announcing our results for the quarter ended March 31 st 2026 and full year ended March 31 st 2026, on 18th May 2026. Following the announcement, the management team will host a conference call for investors and analysts on May 19 th 2026, at 11:00 AM IST. T
Slide 128: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apollo Micro Systems Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation, directly or indirectly, in any manne
Slide 129: Thank You
THANK YOU Email: investors.relations@apollo-micro.com +91 72888 92228 https://in.linkedin.com/company/apollo-microsystems-limited https://x.com/apollo_micro?t=ciDytB8PmvlekKn28EYOGQ&s=08 https://www.youtube.com/@apollomicrosystemslimite https://www.instagram.com/apollomicrosystemsltd?igsh=MXVvcXM3ZT