Lends against homes and small businesses to lower- and middle-income borrowers, primarily in southern India. The core housing finance book funds home loans, loan-against-property (LAP) and SME loans, while a wholly-owned NBFC subsidiary (Aptus Finance India Private Limited) extends small-business loans and is being evaluated for new product lines. Revenue comes mainly from interest on this loan book: in Q1 FY27, assets under management (AUM) stood at Rs 13,648 cr, up 21% year-on-year, with quarterly disbursements of Rs 1,663 cr, up 36% year-on-year. The funding stack is roughly 60% bank borrowings, 10% corporate debt, 10% securitisation and the balance from the National Housing Bank, against which Rs 1,932 cr of total liquidity (including Rs 1,257 cr of undrawn bank lines) was on hand. Distribution runs through 372 branches spread across six states and one union territory as of Q1 FY27 (32 added in the quarter against an FY27 target of 60-70), a 'connector' partner channel that contributed 8% of Q1 disbursements, and about 3,807 employees. Asset quality showed mild slippage, with 30+ days past due at 6.87% and gross/net NPAs of 1.72%/1.29%, partly attributed to a June-end NBFC collection weakness that management said recovered partly in July. The operating cost base is dominated by employee expense at 10.3% of revenue and other opex at 3.6%, while management guides to OpEx/AUM of 2.6-2.8% for FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Housing finance lending, NBFC subsidiary lending. Asset-light distribution model within a capital-intensive housing finance business; growth- and spread-driven with cyclical asset-quality sensitivity.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 815 | 1,093 | 1,365 | 1,750 | 2,245 |
| EBITDA (ex other income) | 670 | 901 | 1,139 | 1,479 | 1,873 |
| margin % | 82.2 | 82.4 | 83.4 | 84.5 | 83.4 |
| Owners' profit | 370 | 0 | 0 | 0 | 943 |
| EPS, as reported (₹) | 7.58 | 10.11 | 12.27 | 15.04 | 18.84 |
| ROE % · ROCE % | 12.7 · — | 15.1 · — | 16.2 · — | 17.4 · — | 18.6 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (724) | (1,047) | (1,356) | (1,405) | (592) |
| Capex | (4) | (3) | (5) | (7) | (6) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 421 | 450 | 484 | 520 | 544 | 569 | 593 | 600 |
| Profit before tax | 237 | 246 | 271 | 286 | 294 | 304 | 328 | 329 |
| Net profit | 182 | 191 | 207 | 219 | 227 | 236 | 261 | 261 |
| EPS (₹) | 3.65 | 3.82 | 4.15 | 4.39 | 4.54 | 4.72 | 5.22 | 5.21 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ HOUSING FINANCE LTD | 70,078 | 34.6 | 3.11 | — | 11.4 | — | — | 92.4 |
| LIC HOUSING FINANCE LTD | 30,982 | 5.4 | 0.75 | 1.1 | 13.5 | — | 7.7 | 97.1 |
| PNB HOUSING FIN LTD. | 30,721 | 13.3 | 1.60 | 3.5 | 11.9 | — | 2.3 | 91.6 |
| AADHAR HOUSING FINANCE L | 19,978 | 17.4 | 2.65 | 6.9 | 14.5 | — | — | 75.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Investor meeting scheduled with Franklin Templeton on September 7 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Aptus Value Housing Finance to meet Carnelian Asset Management on Sept 4 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Aptus Value Housing Finance to meet Theleme India Fund on Sept 2 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Aptus allots 12,500 shares under ESOP 2021 scheme to employees | capital market events | low | — | — |
| 21 Aug 2026 · Aptus Value Housing to meet Arohi Asset Management on Aug 24 | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Q1 FY26 Earnings Call Transcript Uploaded on Website | investor communications | medium | — | — |
| 6 Aug 2026 · 17th AGM results: ESOP 2026 plan rejected by shareholders | board shareholder meetings | low | — | — |
| 4 Aug 2026 · 17th AGM held: 21% AUM growth, Rs943cr profit, ESOP 2026 approved | board shareholder meetings | medium | — | — |
| 3 Aug 2026 · Clarification on NHB funding rate from Aug 1 earnings call | investor communications | medium | — | — |
| 1 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SAMMAAN CAPITAL LIMITED | 17,203 | — | 0.91 | — | (37.6) | — | (3.8) | 101.8 |
| HOME FIRST FIN CO IND LTD | 12,386 | 21.2 | 2.84 | — | 12.4 | — | — | 78.3 |
| APTUS VALUE HSG FIN I LTD ◆ | 12,360 | 12.5 | 2.44 | 6.3 | 18.6 | — | — | 83.7 |
| CAN FIN HOMES LTD | 10,400 | 9.2 | 1.74 | — | 18.2 | — | — | 91.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.5 | 13.3 | 8 of 17 | 56% |
| P/B | 2.4 | 1.4 | 12 of 16 | 27% |
| ROE | 18.6 | 11.6 | 2 of 20 | 95% |
| Debt / Equity | 0.0 | 0.0 | 3 of 20 | 0% |
| EBITDA margin | 83.7 | 74.7 | 7 of 19 | 67% |
| Revenue growth | 15.4 | 9.0 | 9 of 19 | 56% |
| Profit growth | 19.0 | 19.3 | 11 of 20 | 47% |
| Market cap | 12360 | 7130 | 7 of 19 | 67% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
