Aptus Value Housing Finance India Ltd

Aptus Value Housing Finance India Ltd

₹ 340 -1.54%
26 Feb - close price
About

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.

Key Points

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]

  • Market Cap 16,948 Cr.
  • Current Price 340
  • High / Low 392 / 234
  • Stock P/E 29.1
  • Book Value 71.0
  • Dividend Yield 1.18 %
  • 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 4.79 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
163 176 182 197 210 225 240 268 286 299 306 334 351
25 30 34 37 35 39 41 51 47 53 45 56 57
Operating Profit 139 145 148 160 175 187 200 217 239 246 261 277 295
OPM % 85% 83% 81% 81% 83% 83% 83% 81% 83% 82% 85% 83% 84%
6 6 4 6 6 9 8 9 9 10 9 11 11
Interest 53 52 56 55 49 49 54 67 77 78 85 96 98
Depreciation 2 1 1 2 1 2 2 2 2 2 2 3 2
Profit before tax 90 98 95 109 131 144 152 157 168 176 183 190 205
Tax % 23% 23% 23% 22% 23% 24% 22% 21% 25% 23% 22% 22% 23%
69 76 74 85 101 110 119 123 126 135 142 148 158
EPS in Rs 7.43 8.14 1.53 1.72 2.04 2.21 2.39 2.48 2.52 2.72 2.86 2.97 3.16
Raw PDF

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: 38%
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%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.51% 62.35% 62.35% 62.35% 62.21% 62.21% 62.21% 62.21% 62.13% 62.10%
10.28% 11.02% 11.40% 11.50% 12.42% 14.05% 14.06% 14.15% 14.83% 15.42%
20.19% 20.15% 20.38% 20.46% 2.63% 2.57% 2.59% 2.96% 2.78% 5.21%
7.02% 6.49% 5.88% 5.69% 22.74% 21.18% 21.15% 20.68% 20.27% 17.28%
No. of Shareholders 2,48,9281,88,1101,40,8141,38,4341,35,1341,31,7321,31,3651,38,4921,36,9881,42,117

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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