Multibagger defence stock Apollo Micro Systems share price rises 3% after this license approval by GoI. Details here

Multibagger Defence Stock Apollo Micro Systems Receives Regulatory Boost

Apollo Micro Systems, a Hyderabad-based defence and engineering technologies company, gained 3% in intra-day deals on Tuesday, December 2, after receiving a major regulatory boost. The company was granted an Industrial Explosives and Manufacturing License by the Department for Promotion of Industry and Internal Trade (DPIIT), marking a significant milestone in its defence manufacturing ambitions.

Key Highlights

• Regulatory Boost: Apollo Micro Systems received an Industrial Explosives and Manufacturing License from DPIIT, enabling it to manufacture strategic defence-grade products.
• Eligibility for MoD Contracts: The approval strengthens the company's eligibility for upcoming Ministry of Defence (MoD) contracts.
• Long-term Regulatory Clarity: The license remains valid for 15 years, providing long-term regulatory clarity for the company's defence expansion plans.

Licence Enables Manufacturing of UAS, INS, and Radar Systems

The DPIIT license covers three major categories of defence equipment: Unmanned Helicopters (UAS), Inertial Navigation Systems, and integrated Radar Systems. Apollo Micro Systems is already developing multiple UAS platforms and working closely with domestic and international partners to build logistics-focused UAVs as well as offensive and attack-class unmanned systems.

• UAS: The company is developing multiple UAS platforms and expects these systems to move into field trials over the next two quarters.
• INS: Apollo Micro Systems received authorization to develop and manufacture high-precision INS technologies, including MEMS-based units, Fiber Optic Gyro (FOG) systems, and Ring Laser Gyro (RLG) solutions.
• Radar Systems: The license allows the production and integration of complete radar systems, including transmit-receive modules, signal processors, antennas, and associated subsystems.

Strategic Boost to Defence Manufacturing Ambitions

The approval is expected to significantly enhance Apollo Micro Systems' presence in India's rapidly expanding defence manufacturing ecosystem. With the government pushing for deeper indigenisation under the 'Atmanirbhar Bharat' initiative, companies equipped to build high-technology defence equipment are gaining prominence.

Apollo Micro Systems Stock Performance

The defence stock rose as much as 3% to its day's high of ₹276.35. It is still 22% away from its 52-week high of ₹354.65, hit in September 2025. Meanwhile, it has soared 199%, almost tripling investor wealth from its 52-week low of ₹92.50, hit in December 2024.

• 1-Year Returns: The stock has given multibagger returns, rallying 169% in the last 1 year.
• 6-Month Returns: It has added 38% in the past 6 months.
• Recent Performance: However, recently, it has been under pressure, down 7% in the last 3 months and 1.5% in the last 1 month.