Latest news with #IDLExplosives
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Business Standard
28-05-2025
- Business
- Business Standard
Why did this defence stock soar 32% in 2 days? Zoomed 57% so far in May
Share price of Apollo Micro Systems: Shares of Apollo Micro Systems hit a new high of ₹183.60, soaring 18 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes, in an otherwise subdued market, after the company received export order worth of ₹114 crore. In the past two trading days, the stock price of this smallcap aerospace & defence company has zoomed 32 per cent. Thus far in the month of May 2025, it has rallied 57 per cent. At 12:25 PM, Apollo Micro Systems was quoting 17 per cent higher at ₹180.70, as compared to 0.22 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped over two-fold. As many as a combined 59.75 million equity shares representing 19.5 per cent of total equity of Apollo Micro Systems have changed hands on the NSE and BSE. What is behind the rally in Apollo Micro Systems? Apollo Micro Systems informed stock exchanges that in the ordinary course of its business, the company has received an export order valued at $13,366,500 (equivalent to approximately ₹113.81 crore) for the development of an Avionic System. This project pertains to the development of an advanced avionics system intended for use in civil and military aircraft applications. However, due to the sensitive nature of the engagement, specific technical and programme details are bound by a Non-Disclosure Agreement (NDA) with the customer, the company said. Meanwhile, on May 5, 2025, Apollo Defence Industries Pvt Ltd (ADIPL), a subsidiary of Apollo Micro Systems, entered into a Share Purchase Agreement (SPA) to acquire 100 per cent equity stake in IDL Explosives for a total consideration of ₹107 crore, in an all-cash transaction. ALSO READ | IDL Explosives is engaged in the manufacture of full range packaged and bulk explosive specifically engineered for mining and infrastructure projects. Moreover it also offers an extensive range of cartridge explosives. It has served the Indian mining and Infrastructure Industry. The explosive market size is expected to see strong growth in the next few years. The surge in government spending on the defense sectors in various countries including the US, China, India, Russia, the UK and France is projected to be a major driver for the growth of the explosive market during the period. The growth in the forecast period can be attributed to an increase in territorial and political conflict, global population growth and urbanisation, increasing infrastructure development expenditure by governments and increasing construction activities. Strong outlook Looking ahead, the management of Apollo Micro Systems expects revenue to grow at a compounded annual growth rate (CAGR) of 45 per cent to 50 per cent over the next two years — driven solely by the core business, excluding any contribution from the recent acquisition. This growth is underpinned by a healthy order book and multiple products entering the production phase. Operating margins are projected to improve in the first half of FY26 due to favorable operating leverage and product mix. However, ongoing and planned capital investments are expected to moderate margin expansion in the latter half of FY26 and into FY27. ALSO READ | Recent geopolitical developments — particularly the India–Pakistan conflict — have further accelerated demand for indigenous defence solutions. Several of our systems were successfully tested and demonstrated during this period, generating major interest and engagement across the defence value chain. About Apollo Micro Systems Apollo Micro Systems is a Hyderabad-based company engaged in the business of electronic, electro-mechanical, engineering designs, manufacturing and supply. The company specialises in the design, development and sale of high-performance, mission and time critical solutions to defence, space and home land security for the Ministry of Defence, government controlled public sector undertakings and private sector companies. Apollo Micro Systems also offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements for defence and space customers. Its addressable industries include railways, automotive and home land security.
Hans India
06-05-2025
- Business
- Hans India
Apollo Defence Industries Pvt. Ltd. acquires the very first Indian-owned explosives company for Rs. 107 crore
Apollo Defence Industries Private Limited, subsidiary of Apollo Micro Systems Ltd. has signed a share purchase agreement to acquire full ownership of IDL Explosives Ltd, in an all-cash transaction. IDL Explosives is a part of Hinduja Group-one of the largest diversified transnational conglomerates with investments across several sectors and a presence in over a 100 countries. IDL Explosives is a well-established manufacturer of full range of packaged and bulk explosives specifically engineered for mining and infrastructure projects. Moreover it also offers an extensive range of cartridge explosives. The company had posted a turnover of ₹623 crore in FY24 and holds a net worth of ₹10 crore. Over the past three years, its revenues have seen major growth from ₹395.38 crore in FY22. This purchase involves 78.65 lakh equity shares at ₹136.04 each amounting to ₹107 crore. Once acquisition completed, Apollo Defence will own 100% of IDL Explosives. This acquisition is a key step towards becoming a Tier-I Original Equipment Manufacturer (OEM) for weapon systems. It strengthens Apollo Defence's ability to offer integrated defence solutions, combining design, electronics, platforms, and now explosives enabling it to offer a broader portfolio of systems across artillery, missile, and high-impact weapon domains. B Karunakar Reddy, Managing Director of Apollo Micro Systems Ltd., described the deal as a landmark moment for the group's defence ambitions. 'Apollo Group is proud to announce a significant enhancement to its portfolio through a landmark alignment with India's first explosive company with a distinguished legacy of over 64 years. This acquisition opens up new routes towards vertical integration and full-spectrum capability enablement, allowing AMS to offer end-to-end solutions across the entire weapon system lifecycle, from electronics and arming mechanisms to complete munitions and integrated platforms. Together we are poised to unleash the next chapter in the Spirit of Atmanirbhar Bharat, serving our great nation with innovation, strength & pride.' 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 sectors in various countries including USA, China, India, Russia, UK and France are projected to be a major driver for the growth of the explosive market during the period. Further opportunities are going to emerge within the explosives market proving that this acquisition is a golden goose for Apollo Micro Systems.
India.com
05-05-2025
- Business
- India.com
Multibagger defence stock gains 7 percent after this update
Stock market- File image- For Representational purpose Multibagger Stock: Shares of Apollo Micro Systems Ltd (AMSL) are in focus today i.e. on April 7, 2025. The stock has gained over 6 per cent after the firm shared details about a share purchase agreement with the exchanges. The counter started the session at Rs 119.90 on the BSE with a gain of 3.01 per cent from the previous close of Rs 116.40. It surged further to touch the intraday high of Rs 125. This is a jump of 7.39 per cent. The counter has gained after two days of consecutive falls. The 52-week high of the stock is Rs 157 and the 52-week low is Rs 88.10. The market cap of the company is Rs 3,797 crore. AMSL, an aerospace and defence company, offers technology-based solutions in sectors such as infrastructure, transportation and others. AMSL acquires IDL Explosives In an exchange filing, the company said that it has signed a Share Purchase Agreement to acquire full ownership of IDL Explosives Limited. The all-cash deal, according to the information shared, is of Rs 107 crore and in all-cash. 'Apollo Group is proud to announce a significant enhancement to its strategic portfolio through a landmark alignment with India's First Explosives Company- A Pioneering, Indian-owned enterprise with a distinguished legacy of over 64 years. This esteemed organization, a proud member of the globally renowned Hinduja Group, brings unparalleled expertise and heritage to the partnership,' said the company in an exchange filing. The transaction is expected to be completed within two to three months. Earlier, the company signed an agreement with state-owned Munitions India to jointly develop defence systems in the domestic and international markets. As part of the Memorandum of Understanding (MoU), both entities will identify and pursue opportunities for the design, development, and deployment of advanced defence technologies, Hyderabad-based AMSL said in a regulatory filing. AMSL has also inked a pact with Troop Comforts for joint manufacturing, marketing, and development of advanced air-defence systems, including anti-drone and anti-aircraft solutions. With PTI inputs
Entrepreneur
05-05-2025
- Business
- Entrepreneur
Apollo Defence Industries Acquires IDL Explosives for INR 107 Cr
The acquisition marks a strategic milestone as Apollo Defence becomes the 100% owner of an Indian-owned explosives company. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Apollo Defence Industries Pvt Ltd, a subsidiary of Apollo Micro Systems Ltd, has taken a major leap in India's defence manufacturing space by acquiring IDL Explosives Ltd in an all-cash deal worth INR 107 crore. The acquisition marks a strategic milestone as Apollo Defence becomes the 100% owner of the country's first Indian-owned explosives company. IDL Explosives, a part of the Hinduja Group, has a 64-year legacy in manufacturing a comprehensive range of packaged and bulk explosives for mining and infrastructure sectors. The company reported a turnover of INR 623 crore in FY24, with steady growth from INR 395.38 crore in FY22, and has a net worth of INR 10 crore. The transaction includes the purchase of 78.65 lakh equity shares at INR 136.04 per share. With this acquisition, Apollo Defence moves closer to its vision of becoming a Tier-I Original Equipment Manufacturer (OEM) for weapon systems. The deal enhances its ability to offer integrated defence solutions by combining expertise in electronics, platforms, and now explosives. B Karunakar Reddy, Managing Director of Apollo Micro Systems, said: "Apollo Group is proud to announce a significant enhancement to its portfolio through a landmark alignment with India's first explosive company with a distinguished legacy of over 64 years. This acquisition opens up new routes towards vertical integration and full-spectrum capability enablement... Together we are poised to unleash the next chapter in the Spirit of Atmanirbhar Bharat, serving our great nation with innovation, strength & pride." The global explosives market is forecasted to grow to USD 9.37 billion by 2029 at a CAGR of 8.8%, driven by rising defence spending in countries like India, the US, China, and Russia. Apollo's acquisition of IDL Explosives positions the company at the forefront of this expanding sector, unlocking new growth and innovation opportunities.
Business Upturn
05-05-2025
- Business
- Business Upturn
Apollo Micro Systems shares surge 5% on Rs 107 crore acquisition of IDL Explosives
By Aman Shukla Published on May 5, 2025, 10:31 IST Apollo Micro Systems Ltd. witnessed a 5% surge in its stock price after announcing that its wholly owned subsidiary, Apollo Defence Industries Pvt. Ltd. (ADIPL), has signed a Share Purchase Agreement to acquire 100% equity of IDL Explosives Ltd. for ₹107 crore. The deal, announced on May 2, 2025, is expected to close within 2-3 months, subject to regulatory approvals. IDL Explosives, currently a subsidiary of GOCL Corporation (part of the Hinduja Group), is a significant player in the industrial explosives sector, primarily serving the mining and infrastructure industries. In FY24, IDL Explosives recorded a turnover of ₹623 crore and a net worth of ₹10 crore. The acquisition strengthens Apollo's long-term vision to become a leading Tier-I Original Equipment Manufacturer (OEM) for weapon systems. By integrating defence explosives manufacturing, Apollo will diversify its portfolio, expanding its capabilities in artillery, missile, and weapon platforms. The deal involves the purchase of 78.65 lakh equity shares, valued at ₹136.04 per share. Post completion, Apollo Defence will hold full ownership of IDL Explosives. Apollo Micro Systems shares opened at ₹120.00, reaching a high of ₹124.99 and a low of ₹119.11 today. The stock has seen a 52-week high of ₹157.00 and a low of ₹87.99. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
