Aptus Value Housing Finance India Ltd
Aptus Value Housing Finance India Ltd is a Home Loan Company. Aptus has been formed to primarily address the housing finance needs of self-employed, low and middle income families primarily from semi-urban and rural areas. Company targets first-time home buyers where collateral is self- occupied residential property.
- Market Cap ₹ 15,671 Cr.
- Current Price ₹ 314
- High / Low ₹ 392 / 238
- Stock P/E 33.5
- Book Value ₹ 65.3
- Dividend Yield 1.27 %
- ROCE 13.5 %
- ROE 14.4 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 44.9% CAGR over last 5 years
Cons
- Stock is trading at 4.81 times its book value
- Company has a low return on equity of 13.5% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Housing
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|
78 | 126 | 199 | 304 | 435 | 535 | 679 | 929 | 1,053 | |
23 | 33 | 46 | 60 | 72 | 85 | 120 | 162 | 165 | |
Operating Profit | 55 | 93 | 153 | 244 | 363 | 450 | 559 | 766 | 889 |
OPM % | 70% | 74% | 77% | 80% | 83% | 84% | 82% | 83% | 84% |
0 | 0 | 3 | 11 | 20 | 17 | 24 | 31 | 27 | |
Interest | 28 | 36 | 52 | 112 | 170 | 182 | 180 | 243 | 308 |
Depreciation | 1 | 2 | 2 | 3 | 6 | 6 | 7 | 7 | 8 |
Profit before tax | 26 | 56 | 101 | 140 | 207 | 279 | 396 | 547 | 598 |
Tax % | 33% | 34% | 34% | 27% | 13% | 22% | 22% | 22% | |
18 | 37 | 66 | 103 | 181 | 218 | 308 | 425 | 468 | |
EPS in Rs | 2.81 | 4.70 | 8.45 | 13.03 | 19.55 | 23.48 | 6.20 | 8.53 | 9.39 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 36% |
3 Years: | 29% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 45% |
3 Years: | 33% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 62 | 79 | 79 | 79 | 95 | 95 | 99 | 100 | 100 |
Reserves | 150 | 442 | 506 | 610 | 1,575 | 1,796 | 2,667 | 3,011 | 3,159 |
277 | 306 | 826 | 1,552 | 1,830 | 2,174 | 2,347 | 3,481 | 3,637 | |
11 | 18 | 40 | 22 | 16 | 24 | 43 | 49 | 32 | |
Total Liabilities | 501 | 845 | 1,450 | 2,263 | 3,515 | 4,089 | 5,156 | 6,641 | 6,928 |
2 | 5 | 4 | 4 | 10 | 10 | 12 | 15 | 20 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 7 | 8 | 60 | 90 | 151 | 205 | 255 | 205 | 207 |
492 | 833 | 1,386 | 2,169 | 3,354 | 3,875 | 4,889 | 6,420 | 6,701 | |
Total Assets | 501 | 845 | 1,450 | 2,263 | 3,515 | 4,089 | 5,156 | 6,641 | 6,928 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
-533 | -488 | -676 | -1,129 | |||||
-156 | 68 | -62 | 110 | |||||
1,064 | 346 | 726 | 1,045 | |||||
Net Cash Flow | 375 | -74 | -11 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||
Days Payable | ||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 115 | -5 | -55 | -4 | -10 | -8 | -11 | -7 |
ROCE % | 14% | 14% | 14% | 13% | 12% | 13% | 14% |
Documents
Announcements
- Certificate Under Regulation 40 (9) And 40 (10) Of SEBI (LODR), Regulations 2015 2d
- Announcement under Regulation 30 (LODR)-Credit Rating 4 Apr
- Compliance Certificate Pursuant To Regulation 7(3) SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 3 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended March 31, 2024.
- Closure of Trading Window 25 Mar
Annual reports
Concalls
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Feb 2024Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Nov 2021Transcript PPT
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Oct 2021TranscriptNotesPPT
Target Market
Aptus Value Housing Finance (AVHF) is an entirely retail focussed housing finance company primarily serving low and middle-income customers. AVHF does not provide any loans to builders or for commercial real estate. AVHF targets first time home buyers where the collateral is a self-occupied residential property. The target segment is self-employed individuals (72% of AUM), and remaining from salaried segment. [1] [2]
Within self-employed, AVHF's customers have limited or no documentary evidence of their income, and with limited access to funding from banks and larger HFCs. AVHF is geographically present the rural and semi-urban markets of India, with a focus on South India. [3]