APOLLO / Q2-FY26 / claim-ledger

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Apollo Micro Systems · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY26 · 2025-11-12Back to quarter ↗

Questions audited

Answered directly

54%

Numeric claims

Consistency

consistent

Question ledger

What was answered, and how?

Nilabja · Ashmore Research

partial

How will Apollo manage exports and strategic tie-ups for European defense spend?

We have recently started entering strategic ties with different companies... we have entered a partnership with an American company for developing a rocket motor... we have submitted proposals to MOD for export clearance.

D Sha · Capital

partial

What is the short-term and long-term strategy for IDL after acquisition?

Acquisition is backward and forward integration... we will move towards manufacturing critical high energy explosives... we have started preparing proposals and negotiating with manufacturers.

D Sha · Capital

evasive

What is the expected growth for FY27 after unit 3 becomes operational?

Once unit three is ready it is almost eight times enhancing the production capacity... we are expecting good orders from MOD and also going to sign MOU with some companies.

D Sha · Capital

evasive

Is the current EBITDA margin of 26.3% the lowest or can it go lower?

Depending upon the product mix certain margin levels small variation will be there but the momentum is definitely not going to be disappointing.

Rupes · Long Equity Partners

partial

What is the opportunity size and timeline for the mechatronic fuse ToT?

The opportunity size is very big... we will be absorbing the technology by developing a few prototypes in next one or two quarters... in next one year we'll start taking opportunities.

Rupes · Long Equity Partners

partial

What is Apollo's participation in Brahmos ER and NG programs?

Our participation is there. One of the sub subsystem already we received order... we are also expecting couple of projects from Brahmos also.

Pratik Bia · Individual Investor

direct

Are you on track to reduce promoter pledge to zero by FY26?

Definitely next five six months time I'm going to close all the pledge part that's what I'm planning.

Pratik Bia · Individual Investor

direct

Will receivables remain at current high levels or reduce?

This financial year end you will see a significant reduction in receivables... Q3 some visibility, Q4 significant reduction.

Pratik Bia · Individual Investor

partial

What is the export opportunity and expected domestic/export revenue split?

We are having little over about 100 crores opportunity as an export order... as far as the mix is concerned we are not able to give any guidance for it.

Anand · GK Globus

direct

What is the current order book and execution timeline?

Little less than 800 crores is the order book as on September end... we have received few more orders in last one and a half month.

Amit Kumar · HDFC Securities

direct

What is the proportion of development vs production in revenue and order book?

25 to 35% in between band is the production size compared to the development... going forward it may increase up to 45%.

Amit Kumar · HDFC Securities

evasive

How do margins change when a product moves from development to production?

It depends on the type of system... production margins are higher comparatively... sensitive information.