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

• Market Cap: ₹122.30B
• Dividend Yield: 1.6%
• Average Volume (3M): 67.64K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.95
• 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: 500,732,730
• 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: 46.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 18.56
• Revenue Forecast (FY): ₹15.84B

• Rating: 58 Neutral
• Price Target: ₹254.00 ▲(3.99% 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 & Margins

Sustained high gross and net margins indicate strong pricing power and operational efficiency in core lending operations. Over a 2-6 month horizon, these margins provide an earnings buffer against credit cost volatility, support internal capital generation, and enhance the firm's ability to fund growth or absorb higher provisions.

Niche, Branch-led Distribution

Serving underserved, semi-urban and rural borrowers via a branch-led model is a structural competitive advantage. Tailored credit assessment for informal incomes and physical distribution increases customer reach and retention, creating durable origination capability and differentiation versus purely digital or urban-focused lenders.

Moderate Leverage & Strong ROE

A moderate debt-to-equity ratio combined with a ~17% ROE shows efficient equity use without excessive leverage. This balance supports sustainable earnings generation while retaining capacity to prudently expand the loan book, making growth financing choices less likely to destabilize the balance sheet over months.

Negative Factors

Negative Operating & Free Cash Flow

Persistently negative operating and free cash flows signal weak cash conversion of reported profits. This structural cash shortfall forces reliance on external funding for operations and growth, increasing liquidity risk and constraining strategic flexibility such as provisioning, branch investment, or shareholder distributions.

Declining Revenue Growth

A marked decline in revenue growth reduces the firm's ability to scale fixed-cost infrastructure and dilutes operating leverage benefits. Over several months this may pressure margins if cost base remains, slow loan-book expansion, and indicate competitive or demand headwinds in core underserved markets.

Funding & Funding-cost Sensitivity

Dependence on wholesale funding and bank lines exposes the franchise to interest-rate and market-access risk. Structural sensitivity to funding cost increases or tightened credit markets can compress net interest margins and hinder lending growth, particularly given existing negative cash flow trends.

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 generates revenue primarily through interest income from the loans it disburses to customers. The company charges interest on home loans and other financing products, which constitutes its core revenue stream. Additionally, APTUS may earn money through processing fees, prepayment fees, and other charges associated with loan origination and servicing. The company’s focus on the affordable housing segment allows it to tap into a vast market of first-time homebuyers, often with lower loan amounts, which can lead to a high volume of transactions. Partnerships with real estate developers and other financial institutions also enhance its market reach and facilitate cross-selling opportunities, further contributing to its earnings.

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	19.30B	17.98B	14.09B	11.34B	8.40B	6.58B
Gross Profit	13.42B	12.58B	10.21B	8.58B	6.32B	4.52B
EBITDA	8.12B	9.87B	8.02B	6.61B	4.87B	3.51B
Net Income	7.99B	7.51B	6.12B	5.03B	3.70B	2.67B
Balance Sheet
Total Assets	0.00	112.43B	90.05B	71.76B	56.84B	45.20B
Cash, Cash Equivalents and Short-Term Investments	0.00	4.10B	3.49B	4.58B	4.05B	4.32B
Total Debt	0.00	68.73B	52.00B	37.96B	27.28B	25.15B
Total Liabilities	-43.17B	69.27B	52.37B	38.37B	27.68B	25.41B
Stockholders Equity	43.17B	43.17B	37.68B	33.39B	29.16B	19.79B
Cash Flow
Free Cash Flow	0.00	-14.12B	-13.61B	-10.50B	-7.27B	-6.22B
Operating Cash Flow	0.00	-14.05B	-13.56B	-10.47B	-7.24B	-6.21B
Investing Cash Flow	0.00	-900.22M	207.07M	1.11B	-620.38M	647.58M
Financing Cash Flow	0.00	14.61B	12.24B	9.78B	7.68B	4.95B

Aptus Value Housing Finance India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 244.25
• 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:APTUS, the sentiment is Negative. The current price of 244.25 is below the 20-day moving average (MA) of 254.33, below the 50-day MA of 267.16, and below the 200-day MA of 305.66, indicating a bearish trend. The MACD of -7.44 indicates Positive momentum. The RSI at 40.25 is Neutral, neither overbought nor oversold. The STOCH value of 67.34 is Neutral, 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	₹215.91B	9.86	―	0.53%	12.51%	27.75%
HOMEFIRST	66 Neutral	₹112.65B	21.78	―	0.33%	31.75%	21.70%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AAVAS	64 Neutral	₹101.76B	16.23	―	―	―	―
PHOENIXLTD	64 Neutral	₹594.30B	54.55	―	0.14%	-1.32%	-4.67%
HUDCO	62 Neutral	₹373.55B	13.43	―	2.92%	30.25%	13.67%
APTUS	58 Neutral	₹122.30B	13.74	―	1.60%	28.47%	24.63%

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.