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 ₹ 15,424 Cr.
- Current Price ₹ 309
- High / Low ₹ 392 / 237
- Stock P/E 26.4
- Book Value ₹ 71.0
- Dividend Yield 1.29 %
- ROCE 14.6 %
- ROE 16.1 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 49.8% CAGR over last 5 years
Cons
- Stock is trading at 4.36 times its book value
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
126 | 201 | 325 | 500 | 640 | 815 | 1,093 | 1,289 | |
32 | 47 | 67 | 86 | 101 | 144 | 191 | 210 | |
Operating Profit | 94 | 154 | 258 | 414 | 539 | 670 | 902 | 1,079 |
OPM % | 74% | 77% | 79% | 83% | 84% | 82% | 82% | 84% |
0 | 3 | 13 | 23 | 19 | 26 | 36 | 41 | |
Interest | 36 | 53 | 115 | 185 | 207 | 209 | 277 | 357 |
Depreciation | 2 | 2 | 3 | 6 | 6 | 7 | 7 | 8 |
Profit before tax | 56 | 101 | 153 | 247 | 345 | 480 | 654 | 754 |
Tax % | 34% | 34% | 27% | 15% | 23% | 23% | 23% | |
37 | 67 | 112 | 211 | 267 | 370 | 503 | 583 | |
EPS in Rs | 4.73 | 8.49 | 14.18 | 22.74 | 28.77 | 7.45 | 10.10 | 11.71 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 40% |
3 Years: | 30% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 50% |
3 Years: | 34% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 79 | 79 | 79 | 95 | 95 | 99 | 100 | 100 |
Reserves | 442 | 506 | 620 | 1,614 | 1,885 | 2,817 | 3,240 | 3,440 |
306 | 840 | 1,603 | 2,022 | 2,515 | 2,728 | 3,796 | 4,317 | |
18 | 40 | 61 | 16 | 26 | 39 | 41 | 35 | |
Total Liabilities | 845 | 1,465 | 2,362 | 3,747 | 4,520 | 5,684 | 7,176 | 7,892 |
5 | 4 | 4 | 10 | 10 | 12 | 15 | 20 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1 | 45 | 0 | 0 | 53 | 102 | 51 | 51 |
840 | 1,416 | 2,358 | 3,737 | 4,458 | 5,570 | 7,110 | 7,820 | |
Total Assets | 845 | 1,465 | 2,362 | 3,747 | 4,520 | 5,684 | 7,176 | 7,892 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
-303 | -495 | -714 | -735 | -621 | -724 | -1,047 | |
2 | 8 | 0 | -97 | 65 | -62 | 111 | |
300 | 534 | 764 | 1,209 | 495 | 768 | 978 | |
Net Cash Flow | -1 | 47 | 51 | 377 | -61 | -18 | 42 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -5 | -56 | -8 | -9 | -7 | -7 | -1 |
ROCE % | 14% | 14% | 14% | 13% | 14% | 15% |
Documents
Announcements
- Closure of Trading Window 25 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Mar - Of Schedule of Investor/Analysts meetings under Regulation 30 of SEBI (LODR), Regulations 2015.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 12 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Feb - The transcript of earnings conference call for the third quarter and nine months ended December 31, 2023 held on Friday, February 02, 2024 is available …
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Communication To The Shareholders On Interim Dividend (TDS)
6 Feb - Declaration of Interim Dividend by the Board of the Company at its meeting held on Thursday, February 01, 2024, the Company has sent e-mail communication …
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript 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]