Aptus Value Housing Finance India Ltd (APTUS)
🎯 Key Takeaways
- Aptus Value Housing Finance is in a growth phase, leveraging its expanding footprint in Tier 3-4 markets to drive scalable asset growth and profitability in the affordable housing finance segment. Despite a 21.
- Revenue grew 4.5% QoQ to ₹600 in Q1FY27.
- ⚠️ Asset quality monitoring is critical as NPA rose to 1.7% and Stage 1 provisioning was reduced, indicating potential stress in the loan book despite st
- Market Cap
- ₹11,899
- P/E Ratio
- 12.1
- P/B Ratio
- 2.36
- ROE
- 19.5%
- ROCE
- 14.8%
- Debt/Equity
- 1.56
- Div Yield
- 1.89%
- Promoter
- 23.9%
📖 The Story
Aptus Value Housing Finance is in a growth phase, leveraging its expanding footprint in Tier 3-4 markets to drive scalable asset growth and profitability in the affordable housing finance segment. Despite a 21.94% year-on-year decline in stock price, the company is executing disciplined expansion with improving margins and asset quality, supported by strong capital efficiency and shareholder returns.
📰 What's Happening
In Q1 FY27, Aptus reported a 21% YoY rise in AUM to ₹13,648 crores and 36% YoY growth in disbursements to ₹1,053 crores, driven by the addition of 33 new branches and digital customer acquisition. Net profit increased 19% YoY to ₹261 crores, with RoE improving to 20.35% and operating efficiency held at 2.7% of AUM. Management reaffirmed its FY27 AUM growth target of 22%-24%, citing stable spreads and low competition in targeted states. The company also approved a private placement of NCDs and expanded its ESOP during the AGM, while maintaining a dividend of ₹4.50 per share.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 520 | 544 | 554 | 574 | 600 |
| Operating Profit | 276 | 285 | 289 | 309 | 319 |
| OPM % | 53.0% | 52.3% | 52.2% | 53.8% | 53.1% |
| Net Profit | 219 | 227 | 236 | 261 | 261 |
| EPS | ₹4.34 | ₹4.54 | ₹4.72 | ₹5.22 | ₹5.21 |
Revenue has shown consistent quarter-on-quarter growth, rising from ₹520 crores in Jun 2025 to ₹600 crores in Jun 2026, with operating profit margins holding above 53% and net profit expanding from ₹219 crores to ₹261 crores over the same period. EPS has improved from ₹4.34 to ₹5.21, reflecting stronger profitability. This growth is underpinned by branch expansion and digital initiatives, though asset quality showed minor sequential pressure with Stage 1 provisioning reduced to 24 bps and NPA rising slightly to 1.7% from 1.49% a year ago.
🔮 Management Outlook & What's Next
Management has maintained an optimistic yet grounded outlook, reaffirming FY27 AUM growth guidance of 22%-24% and targeting ROE above 20%, supported by scalable NBFC products like SME and LAP. They emphasized continued investment in Tier 3-4 expansion, digital acquisition, and operational efficiency, with no significant credit cost pressure anticipated. Credit cost guidance remains steady at 0.5%-0.6%, and collection efficiency has stabilized at 98.52% after a temporary June delay.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 100 | 100 | 100 | 100 |
| Reserves | 4,217 | 3,914 | 4,942 | 4,557 |
| Borrowings | 6,873 | 6,196 | 7,874 | 7,313 |
| Total Liabilities | 11,243 | 10,265 | 13,048 | 12,024 |
| Fixed Assets | 34 | 27 | 39 | 37 |
| Investments | 53 | 65 | 240 | 240 |
| Total Assets | 11,243 | 10,265 | 13,048 | 12,024 |
The balance sheet reflects a capital-efficient growth model, with equity remaining stable at ₹100 crores and reserves growing from ₹4,217 crores in Mar 2025 to ₹4,942 crores in Mar 2026, indicating retained earnings are being reinvested. Borrowings have increased from ₹6,873 crores to ₹7,874 crores, supporting expansion but maintaining a manageable D/E ratio of 1.56. Total assets grew from ₹11,243 crores to ₹13,048 crores, showing asset base expansion in line with AUM growth, while security cover for listed NCDs remains strong at 1.12x book value.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | -489 |
| Investing | -72 |
| Financing | +822 |
| Net Cash Flow | +261 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 23.9% | 23.9% | 23.9% | 23.9% |
| FII | 35.4% | 33.2% | 30.3% | 29.9% |
| DII | 25.9% | 27.3% | 29.4% | 29.9% |
| Public | 9.0% | 9.9% | 10.7% | 11.4% |
| # Shareholders | 1,60,741 | 1,66,729 | 1,66,229 | 1,66,122 |
Institutional investor interest has remained robust, with FII holding increasing from 29.95% in Q1FY27 to 30.34% in Q4FY26, and DII rising from 25.88% to 29.91% over the same period, suggesting accumulation by foreign and domestic investors. Promoter holding has remained stable around 23.86-23.87%, with no signs of dilution or sell-down. The growing number of shareholders (1,66,122 in Q1FY27) and consistent institutional accumulation signal rising confidence in the company’s long-term strategy.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.13 L Cr | 30.2 | 10.4% | — | 3.82 |
| BAJAJFINSV | 2.80 L Cr | 27.5 | 11.4% | — | 5.50 |
| SHRIRAMFIN | 2.30 L Cr | 17.3 | 11.5% | — | 3.80 |
| ICICIAMC | 1.59 L Cr | 31.8 | 111.5% | — | 0.00 |
| JIOFIN | 1.45 L Cr | 68.4 | 2.3% | — | 0.17 |
| CHOLAFIN | 1.40 L Cr | 24.2 | 9.3% | — | 6.93 |
| TATACAP | 1.39 L Cr | 25.4 | 8.4% | — | 5.28 |
| BAJAJHLDNG | 1.21 L Cr | 13.6 | 12.4% | — | 0.00 |
| MUTHOOTFIN | 1.11 L Cr | 9.8 | 14.4% | — | 3.88 |
| PFC | 1.09 L Cr | 4.2 | 9.8% | — | 7.62 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Asset quality monitoring is critical as NPA rose to 1.7% and Stage 1 provisioning was reduced, indicating potential stress in the loan book despite stable collection efficiency. 2. High promoter pledge levels or future equity dilution could emerge if capital requirements increase rapidly. 3. Intense competition in Tier 3-4 markets or regulatory shifts in NBFC lending norms could pressure margins. 4. Dependence on wholesale funding and refinancing risks in a rising interest rate environment pose structural challenges to the business model.
📋 Recent Filings
- Announcement2026-09-25Aptus Value Housing Finance India Ltd announced that its trading window will close on October 1, 2026, for 48 hours following the release of unaudited…
- 🔴 Announcement2026-09-05Aptus Value Housing Finance announced a virtual investor meeting with Franklin Templeton on September 7, 2026, to discuss its business outlook and sha…
- 🔴 Announcement2026-09-03Aptus Value Housing Finance India Ltd announced its schedule of investor and analyst meetings for September 4, 2026, conducted virtually with Carnelia…
- 🔴 Corporate Action2026-08-31Aptus Value Housing Finance announced the allotment of 12,500 equity shares of Rs 2 each on August 31, 2026, increasing paid-up capital to Rs 1,00,16,…
- 🔴 Announcement2026-08-31Aptus Value Housing Finance India Ltd announced its schedule of investor and analyst meetings, including a virtual meeting with Theleme India Fund on …
- Announcement2026-08-21Aptus Value Housing Finance announced its investor meeting schedule on August 21, 2026, including a one-on-one session with Arohi Asset Management in …
- 🟡 Board Meeting2026-08-04Aptus Value Housing Finance held its 17th Annual General Meeting on August 4, 2026, where shareholders approved the audited financial statements for F…
- Announcement2026-08-03Aptus Value Housing Finance clarified that its earlier statement about NHB funding rates (8.20%-8.30%) was inaccurate; after concessions for women, SC…
- 🔴 Financial Results2026-08-01Aptus Value Housing Finance announced the audio recording of its Q1 FY27 earnings call held on August 1, 2026, and made it available on its website fo…
- 🔴 Financial Results2026-07-31Aptus Value Housing Finance reported a 21% YoY rise in AUM to ₹13,648 crores and 36% YoY growth in disbursements to ₹1,053 crores for Q1 FY27, with Ne…
🧠 Analyst's Read
Aptus is executing a disciplined growth strategy with improving profitability and asset quality, supported by strong institutional confidence and consistent capital returns. The key watchpoints are sustained credit quality trends, margin resilience amid rising competition, and successful scaling of NBFC products, all of which will determine whether the current growth trajectory can offset the stock’s underperformance.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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