Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · APTUS VALUE HSG FIN I LTD · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
APTUS VALUE HSG FIN I LTD NSE: APTUS · BSE: 543335
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.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ 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)
—
—
—
—
—
Cash from operations
(724)
(1,047)
(1,356)
(1,405)
(592)
Capex
(4)
(3)
(5)
(7)
(6)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · APTUS VALUE HSG FIN I LTD · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ 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
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
BAJAJ HOUSING FINANCE LTD
64,956
32.1
2.88
—
11.4
—
—
92.4
PNB HOUSING FIN LTD.
28,144
12.2
1.46
—
11.9
—
2.3
91.6
LIC HOUSING FINANCE LTD
28,070
4.9
0.68
—
13.5
—
7.7
97.1
AADHAR HOUSING FINANCE L
19,096
16.6
2.53
—
14.5
—
—
75.4
SAMMAAN CAPITAL LIMITED
13,314
—
0.70
—
(37.6)
—
(3.8)
101.8
HOME FIRST FIN CO IND LTD
10,662
18.2
2.45
—
12.4
—
—
78.3
APTUS VALUE HSG FIN I LTD ◆
10,141
10.3
2.00
—
18.6
—
—
83.7
CAN FIN HOMES LTD
9,701
8.6
1.62
—
18.2
—
—
91.3
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
10.3
10.3
9 of 17
50%
P/B
2.0
1.0
12 of 17
31%
ROE
18.6
11.8
1 of 17
100%
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
10141
4631
7 of 20
68%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · APTUS VALUE HSG FIN I LTD · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
27 Oct 2026 · Aptus reschedules Q2 FY27 earnings call to November 4
board shareholder meetings
low
—
—
14 Oct 2026 · Earnings Call Scheduled for Nov 5, 2026 for Q2 and H1 FY27 Results
board shareholder meetings
low
—
—
13 Oct 2026 · Board meeting on Nov 4 to consider Q2 results and first interim dividend
results
low
—
—
5 Oct 2026 · Routine compliance certificate for Q2 FY27 from KFin Technologies
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
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
Where a broker report shows
This document shows
Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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
Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
