Aptech Limited (APTECHT) AI Stock Analysis

• Market Cap: ₹4.84B
• Dividend Yield: 4.65%
• Average Volume (3M): 9.31K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.51
• Revenue Growth: 11.08%
• EPS Growth: 8.22%
• Country: IN
• Employees: 497
• Sector: Services
• Sector Strength: N/A
• Industry: Education & Training Services
• EPS (TTM): 1.11
• Shares Outstanding: 58,002,815
• 10 Day Avg. Volume: 8,300
• 30 Day Avg. Volume: 9,314
• PEG Ratio: -1.10
• Price to Book (P/B): 2.85
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 55.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹86.00 ▼(-7.23% Downside)

The overall stock score of 61 reflects strong financial performance and a solid dividend yield, offset by bearish technical indicators and a relatively high valuation. The company's robust revenue growth and prudent financial management are significant strengths, but technical analysis suggests caution due to current market momentum.

Positive Factors

Scalable franchised business model

Aptech's asset-light mix of company-owned and franchised training centers supports scalable expansion with lower capital needs. A franchise network enables steady enrollment growth and local market reach, making revenue streams more predictable and durable as vocational training demand persists.

Consistent revenue growth trend

Sustained top-line expansion across recent years indicates successful market penetration and product-market fit in IT vocational training. Persistent revenue growth supports capacity utilisation, reinvestment in courses and tech, and provides a foundation for margin recovery if cost control follows.

Conservative balance sheet and low leverage

A strong equity base and low debt-to-equity imply financial flexibility to invest in content, technology, or geographic expansion without heavy borrowing. Limited leverage reduces insolvency risk in downturns and preserves capital allocation optionality for strategic initiatives over the medium term.

Negative Factors

Declining net profit margin

A falling net margin signals margin pressure from higher operating costs, finance expenses, or pricing mix shifts. If persistent, it can erode reinvestment capacity and shareholder returns, requiring management action on cost structure or pricing to restore durable profitability levels.

Volatile free cash flow history

Historic swings in free cash flow reduce predictability for capex, dividends, or acquisitions. Even with recent improvement, prior volatility indicates exposure to timing of collections, working capital swings or cyclical enrollments, which can constrain strategic investments during weak periods.

Declining return on equity

A falling ROE suggests the company is generating less profit per unit of equity, pointing to lower capital efficiency. If sustained, this may reflect weaker pricing power or higher costs and could limit the firm's ability to deliver attractive long-term returns to shareholders without operational improvements.

Aptech Limited Business Overview & Revenue Model

Company Description

Aptech Limited operates as a learning solutions company worldwide. The company operates through two segments, Retail and Institutional. It provides various career courses in animation, VFX, gaming, augmented and virtual reality, Web and graphics, UI-UX, digital design and marketing, broadcast, multimedia, and fast track courses; and IT education programs, including computer education, as well as professional, and short-term courses for engineers, engineering students, 12th pass students, and working people. The company also offers courses in aviation and hospitality management, tourism management, ground staff, retail, airport management and customer care, cabin crew, event management, airport terminal operations and management, and personality development services; hardware and networking; banking and finance; and English learning and language programs. In addition, it provides courses in cosmetology, hair and skin care, make-up, nail art, manicure and pedicure, saree draping, and personal grooming; and preschools programs. Further, the company offers vocational skill training and non-formal academic curriculum-based training programs; corporate training solutions in the areas of customer interface skills, product/process training, managerial development training, and other soft skills; and assessment and testing solutions for universities and corporates. Aptech Limited was founded in 1986 and is based in Mumbai, India.

How the Company Makes Money

Aptech Limited generates revenue through multiple streams, primarily from its franchise business model, where it partners with local entrepreneurs to establish training centers across various regions. This model allows Aptech to expand its reach without incurring significant operational costs. The company charges franchise fees and earns a percentage of the revenue generated by these centers. Additionally, Aptech generates income from direct training programs and online courses, catering to both individual learners and corporate clients seeking skill enhancement for their employees. Strategic partnerships with educational institutions and industry players further enhance its service offerings, contributing to its earnings through collaborative training programs and certifications.

Aptech Limited Financial Statement Overview

Summary

Aptech Limited demonstrates robust growth and solid financial health, with strong operational efficiency and prudent balance sheet management. Despite challenges in maintaining net profit margins and cash flow volatility, the company is well-positioned in the Education & Training Services industry with a strong revenue trajectory.

Income Statement

Aptech Limited shows strong gross and EBIT margins, indicating efficient cost management and operational profitability. The company has demonstrated significant revenue growth over the years, particularly from 2022 to 2023, highlighting robust business expansion. However, the net profit margin has declined recently, suggesting potential challenges in controlling expenses or increased financial costs.

Balance Sheet

The company has a solid equity base, with a favorable equity ratio indicating a low reliance on debt financing. A consistently low debt-to-equity ratio suggests prudent financial management and limited leverage risk. Return on Equity is positive, reflecting effective use of shareholders' capital, though it has experienced a decline, indicating pressures on profitability.

Cash Flow

Cash flow statements reveal fluctuating free cash flow, with a notable improvement in recent years. The operating cash flow to net income ratio has been positive, indicating that the company generates sufficient cash from operations relative to its net income. However, historical free cash flow volatility suggests potential challenges in sustaining cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.76B	4.60B	4.37B	4.57B	2.26B	1.18B
Gross Profit	4.04B	3.90B	3.60B	3.91B	1.71B	1.17B
EBITDA	431.42M	289.90M	413.51M	895.50M	520.94M	230.83M
Net Income	207.52M	190.79M	290.42M	676.87M	494.37M	122.60M
Balance Sheet
Total Assets	0.00	3.90B	4.09B	4.81B	3.11B	2.24B
Cash, Cash Equivalents and Short-Term Investments	2.11B	2.11B	1.10B	1.60B	842.63M	515.82M
Total Debt	0.00	67.64M	84.76M	69.28M	1.73M	17.13M
Total Liabilities	-2.51B	1.39B	1.49B	2.25B	1.01B	575.92M
Stockholders Equity	2.51B	2.51B	2.60B	2.56B	2.10B	1.66B
Cash Flow
Free Cash Flow	0.00	129.04M	-220.15M	918.45M	388.68M	372.34M
Operating Cash Flow	0.00	201.00M	-84.09M	986.85M	449.85M	408.29M
Investing Cash Flow	0.00	160.10M	-235.03M	-541.55M	-9.72M	-55.01M
Financing Cash Flow	0.00	-284.96M	-277.80M	-207.72M	-60.74M	-242.68M

Aptech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 92.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APTECHT, the sentiment is Negative. The current price of 92.7 is above the 20-day moving average (MA) of 84.42, above the 50-day MA of 92.43, and below the 200-day MA of 125.10, indicating a bearish trend. The MACD of -3.51 indicates Negative momentum. The RSI at 43.08 is Neutral, neither overbought nor oversold. The STOCH value of 54.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APTECHT.

Aptech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UFO	70 Outperform	₹2.90B	14.69	―	―	5.07%	409.07%
APTECHT	61 Neutral	₹4.84B	21.89	―	4.65%	11.08%	8.22%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ZEELEARN	55 Neutral	₹2.08B	23.43	―	―	28.91%	-94.80%
CLEDUCATE	52 Neutral	₹3.96B	-22.30	―	―	43.91%	-249.30%
VERANDA	38 Underperform	₹19.22B	-12.51	―	―	6.02%	2.68%