Aptech Limited (APTECHT) AI Stock Analysis

• Market Cap: ₹4.57B
• Dividend Yield: 4.65%
• Average Volume (3M): 9.31K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 1.31
• Revenue Growth: 11.08%
• EPS Growth: 8.22%
• Country: IN
• Employees: 497
• Sector: Services
• Sector Strength: N/A
• Industry: Education & Training Services
• EPS (TTM): 1.48
• 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: ₹83.00 ▼(-10.46% Downside)
• Action: Reiterated Date: 11/22/25
• Date: Action: Reiterated 11/22/25

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

Consistent revenue growth

Sustained revenue growth (~14.7%) and a stated strong revenue trajectory indicate expanding demand for vocational IT training. That scale supports durable enrollment momentum, better unit economics over 2–6 months, and increases capacity to reinvest in course content and distribution.

Low leverage / solid balance sheet

A solid equity base and low debt-to-equity reduce financial risk and give management flexibility to fund organic growth, weather cyclical dips, or pursue selective investments without stressing interest coverage. This financial conservatism is durable over multiple quarters.

Strong gross and EBIT margins

High gross and EBIT margins reflect efficient course delivery and cost control across centers and franchised partners. Robust operating profitability supports sustained cash generation and the ability to maintain investment in content and tech, even if topline growth moderates.

Negative Factors

Declining net profit margin

A recent decline in net profit margin signals pressure after operating profitability, reducing retained earnings available for reinvestment or dividends. If persistent, this erodes shareholder returns and may force cost or pricing actions that take time to restore margins.

Volatile free cash flow

Historical free cash flow volatility suggests irregular conversion of profits into spendable cash, which can constrain funding for growth initiatives, capital improvements, or consistent dividends. Such volatility raises refinancing or working-capital risk in weaker months.

Pressure on return on equity

A falling ROE, even from a positive level, indicates diminishing efficiency of shareholder capital. Persistent decline may reflect mounting cost pressures, pricing limits, or slower profit conversion, weakening long-term returns and limiting strategic options.

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

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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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.84B	4.60B	4.37B	4.57B	2.26B	1.18B
Gross Profit	4.09B	3.90B	3.60B	3.91B	1.71B	1.17B
EBITDA	429.08M	289.90M	413.51M	895.50M	520.94M	230.83M
Net Income	217.06M	190.79M	290.42M	676.87M	494.37M	122.60M
Balance Sheet
Total Assets	4.12B	3.90B	4.09B	4.81B	3.11B	2.24B
Cash, Cash Equivalents and Short-Term Investments	258.35M	2.11B	1.10B	1.60B	842.63M	515.82M
Total Debt	136.75M	67.64M	84.76M	69.28M	1.73M	17.13M
Total Liabilities	1.74B	1.39B	1.49B	2.25B	1.01B	575.92M
Stockholders Equity	2.38B	2.51B	2.60B	2.56B	2.10B	1.66B
Cash Flow
Free Cash Flow	-9.27M	129.04M	-220.15M	918.45M	388.68M	372.34M
Operating Cash Flow	19.36M	201.00M	-84.09M	986.85M	449.85M	408.29M
Investing Cash Flow	184.48M	160.10M	-235.03M	-541.55M	-9.72M	-55.01M
Financing Cash Flow	-280.44M	-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: Positive
• 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 83.30, above the 50-day MA of 85.34, and below the 200-day MA of 114.43, indicating a bearish trend. The MACD of -2.59 indicates Positive momentum. The RSI at 38.88 is Neutral, neither overbought nor oversold. The STOCH value of 45.46 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	₹2.46B	12.58	―	―	5.07%	409.07%
APTECHT	61 Neutral	₹4.57B	15.80	―	4.65%	11.08%	8.22%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ZEELEARN	55 Neutral	₹1.67B	-22.75	―	―	28.91%	-94.80%
CLEDUCATE	52 Neutral	₹2.55B	-6.96	―	―	43.91%	-249.30%
VERANDA	41 Neutral	₹13.23B	43.21	―	―	6.02%	2.68%

Aptech Limited Corporate Events

Aptech discloses probe into 2022 testing activities, says no material impact

Aptech Limited has disclosed that officials from an investigative authority visited its premises on March 18, 2026, in connection with testing-related activities conducted in 2022 under its Institutional Business segment, involving a subsidiary and valued at Rs. 19.9 lakhs. The company stated that the examinations were carried out in line with established processes and audit protocols, that it has fully cooperated with the authorities, and that there is currently no material impact on its operations, financial position or ongoing projects, with business continuing as usual.

Aptech has emphasized the existence of adequate audit trails and data integrity mechanisms for the activities under review and indicated that no specific violations have been cited at this stage. The company has committed to keeping stock exchanges informed of any material developments arising from the investigation, seeking to reassure stakeholders about operational continuity and the limited financial exposure of the matter so far.