Aptus Value Housing Finance India Limited (APTUS) AI Stock Analysis

• Market Cap: ₹104.48B
• Dividend Yield: 1.6%
• Average Volume (3M): 67.64K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.90
• Revenue Growth: 28.47%
• EPS Growth: 24.63%
• Country: IN
• Employees: 2,918
• Sector: Real Estate
• Sector Strength: 53
• Industry: Financial - Mortgages
• EPS (TTM): 4.71
• Shares Outstanding: 500,742,740
• 10 Day Avg. Volume: 76,405
• 30 Day Avg. Volume: 67,636
• PEG Ratio: 0.88
• Price to Book (P/B): 3.47
• Price to Sales (P/S): 8.33
• P/FCF Ratio: -10.61
• 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: ₹357.50
• Price Target Upside: 71.34% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 18.57
• Revenue Forecast (FY): ₹15.84B

• Rating: 58 Neutral
• Price Target: ₹217.00 ▲(4.00% Upside)
• Action: Reiterated Date: 11/22/25
• Date: Action: Reiterated 11/22/25

The overall stock score is primarily influenced by financial performance and technical analysis. Strong profitability is offset by declining revenue growth and liquidity concerns. Bearish technical indicators further weigh down the score, while fair valuation provides some support.

Positive Factors

High Profitability

Consistently very high gross and net margins indicate durable core profitability driven by strong interest spreads and low incremental cost of servicing. For a mortgage lender, such margins support internal capital generation, buffer underwriting cycles and fund targeted growth over months.

Strong ROE

A 17.4% ROE shows effective use of shareholder equity to generate returns, supporting reinvestment and dividend capacity. Sustained ROE reflects stable loan economics and operational efficiency, important for long-term capital allocation and shareholder value creation.

Niche Distribution & Customer Focus

A branch-led focus on underserved, self-employed customers in semi-urban and rural areas creates a structural competitive advantage: deep local origination, data on informal incomes, higher customer stickiness and lower direct competition from larger urban-focused lenders.

Negative Factors

Negative Cash Flow

Persistent negative operating and free cash flows weaken liquidity and raise reliance on external funding. For a housing finance company, cash generation is key to sustain origination; continued cash deficits can constrain growth, increase funding costs and stress liquidity over 2-6 months.

Declining Revenue Growth

A sharp decline in revenue growth signals slowing origination volume or margin compression. For a lending franchise, prolonged growth deceleration reduces scale economics, pressures operating leverage and could erode the high margins and ROE if originations don't recover.

Funding & Liquidity Risk

Moderate leverage combined with weak cash flow raises refinancing and liquidity risk for an HFC reliant on bank/refinance lines. Structural funding tensions can force higher borrowing costs or tighter lending, limiting growth and stressing margins if market access tightens.

Aptus Value Housing Finance India Limited Business Overview & Revenue Model

Company Description

Aptus Value Housing Finance India Limited operates as a home loan company in India. It offers home construction, purchase, renovation, and extension loans; and loans against property for construction and purchase; and credit shield and property insurance. The company serves the needs of self-employed lower- and middle-income customers from semi urban and rural markets. It also provides finance in the form of loan against immovable properties. As of March 31, 2022, the company operated through a network of 208 branches across 5 states. Aptus Value Housing Finance India Limited was incorporated in 2009 and is headquartered in Chennai, India.

How the Company Makes Money

Aptus primarily makes money through net interest income earned on its loan book. It raises funds (e.g., through bank borrowings, refinance lines and/or market borrowings, subject to availability and regulatory limits) and lends these funds as housing loans; the spread between the interest it charges borrowers and the cost of its own funding is a key driver of earnings. In addition to interest income, Aptus typically earns fee-based income associated with loan origination and servicing (such as processing fees and other charges permitted under applicable regulations and loan agreements). Profitability is also influenced by loan growth (expanding assets under management), asset quality (credit losses/impairments and collection efficiency), operating efficiency (cost to originate and service loans through its branch network), and the company’s ability to access diversified, competitively priced funding. Specific named partnerships or counterparties are not available here and are therefore null.

Aptus Value Housing Finance India Limited Financial Statement Overview

Summary

Aptus Value Housing Finance India Limited demonstrates strong profitability with high margins and effective equity utilization. However, declining revenue growth and negative cash flows present challenges. Moderate leverage is balanced by liquidity concerns due to negative cash flows.

Income Statement

Aptus Value Housing Finance India Limited shows strong profitability with consistently high gross profit margins of 100% and net profit margins above 60% in recent years. However, the revenue growth rate has declined significantly by 20.83% in the latest period, indicating potential challenges in maintaining growth momentum. EBIT and EBITDA margins are robust, reflecting efficient operations, but the negative revenue growth is a concern.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio of 1.59, indicating a reasonable level of leverage for a financial company. Return on equity is healthy at 17.40%, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

Cash flow analysis indicates challenges, with negative operating and free cash flows over the years. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow generation is not keeping pace with reported profits. The negative free cash flow growth rate and operating cash flow coverage ratio highlight potential liquidity issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	20.48B	17.98B	14.09B	11.34B	8.40B	6.58B
Gross Profit	14.23B	12.58B	10.21B	8.58B	6.32B	4.52B
EBITDA	11.27B	9.87B	8.02B	6.61B	4.87B	3.51B
Net Income	8.43B	7.51B	6.12B	5.03B	3.70B	2.67B
Balance Sheet
Total Assets	120.24B	112.43B	90.05B	71.76B	56.84B	45.20B
Cash, Cash Equivalents and Short-Term Investments	4.82B	4.10B	3.49B	4.58B	4.05B	4.32B
Total Debt	73.13B	68.73B	52.00B	37.96B	27.28B	25.15B
Total Liabilities	73.67B	69.27B	52.37B	38.37B	27.68B	25.41B
Stockholders Equity	46.57B	43.17B	37.68B	33.39B	29.16B	19.79B
Cash Flow
Free Cash Flow	-1.31B	-14.12B	-13.61B	-10.50B	-7.27B	-6.22B
Operating Cash Flow	-1.28B	-14.05B	-13.56B	-10.47B	-7.24B	-6.21B
Investing Cash Flow	-2.25B	-900.22M	207.07M	1.11B	-620.38M	647.58M
Financing Cash Flow	3.62B	14.61B	12.24B	9.78B	7.68B	4.95B

Aptus Value Housing Finance India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 208.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APTUS, the sentiment is Negative. The current price of 208.65 is below the 20-day moving average (MA) of 229.80, below the 50-day MA of 251.15, and below the 200-day MA of 298.44, indicating a bearish trend. The MACD of -11.02 indicates Positive momentum. The RSI at 26.30 is Positive, neither overbought nor oversold. The STOCH value of 6.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APTUS.

Aptus Value Housing Finance India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PNBHOUSING	69 Neutral	₹206.30B	11.91	―	0.53%	12.51%	27.75%
HOMEFIRST	66 Neutral	₹97.56B	20.38	―	0.33%	31.75%	21.70%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PHOENIXLTD	64 Neutral	₹552.42B	60.08	―	0.14%	-1.32%	-4.67%
HUDCO	62 Neutral	₹345.33B	16.02	―	2.92%	30.25%	13.67%
APTUS	58 Neutral	₹104.48B	14.79	―	1.60%	28.47%	24.63%
AAVAS	53 Neutral	₹87.07B	17.04	―	―	―	―

Aptus Value Housing Finance India Limited Corporate Events

Aptus Value Housing Finance Discloses Postal Ballot Results on Articles Amendment

Aptus Value Housing Finance India Limited has reported the results of a postal ballot conducted via remote e-voting, along with the scrutinizer’s report, in line with regulatory disclosure requirements. The vote concerned a special resolution to amend the company’s Articles of Association, with detailed participation and voting patterns disclosed across promoter, institutional public, and non-institutional shareholder categories, showing the resolution did not secure an overall clear majority in favour.

Promoter and promoter group shareholders almost unanimously supported the amendments, while institutional public shareholders predominantly voted against, and non-institutional public shareholders were overwhelmingly in favour. The mixed outcome highlights a significant divergence between promoter and institutional investor positions on governance changes, signaling potential concerns among large public shareholders about the proposed alterations to the company’s foundational governance document.

Aptus Value Housing Files SEBI Regulation 74(5) Compliance Certificate for December Quarter

Aptus Value Housing Finance India Limited has notified the stock exchanges that it has received the requisite compliance certificates from its registrar and transfer agent, KFin Technologies Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The registrar has confirmed that the details of securities dematerialised and rematerialised during the period have been duly furnished to all stock exchanges where the company’s shares are listed, underscoring the company’s adherence to regulatory requirements in relation to its share capital and depository operations.