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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532475 | NSE: APTECHT

Fundamental Analysis of Aptech Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:26 am

Market Cap 1,460 Cr.
Current Price 252
High / Low423/201
Stock P/E23.2
Book Value 43.4
Dividend Yield1.70 %
ROCE35.1 %
ROE29.0 %
Face Value 10.0

Data Source: screener.in

Competitors of Aptech Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NIIT Ltd 1,448 Cr. 107155/77.184.2 74.70.47 %0.51 %0.23 % 2.00
Compucom Software Ltd 237 Cr. 29.945.0/17.231.1 17.81.34 %4.97 %3.10 % 2.00
MPS Ltd 2,767 Cr. 1,6171,885/80926.2 2131.85 %33.7 %25.4 % 10.0
Industry Average1,484.00 Cr584.6347.17101.831.22%13.06%9.58%4.67

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales25.9132.8219.5933.9479.3664.7456.00105.00117.46178.46122.78109.32100.64
Expenses16.1326.6819.0924.2462.0555.0552.2790.6594.79143.48108.9095.7291.55
Operating Profit9.786.140.509.7017.319.693.7314.3522.6734.9813.8813.609.09
OPM %37.75%18.71%2.55%28.58%21.81%14.97%6.66%13.67%19.30%19.60%11.30%12.44%9.03%
Other Income1.332.691.327.122.192.261.945.382.833.01-0.494.852.44
Interest0.340.050.050.020.030.05-0.00-0.00-0.000.130.300.440.31
Depreciation1.942.861.591.491.891.821.661.641.471.731.861.992.12
Profit before tax8.835.920.1815.3117.5810.084.0118.0924.0336.1311.2316.029.10
Tax %18.12%-64.02%194.44%26.13%27.47%-153.47%25.19%25.10%26.09%7.67%27.78%28.65%25.71%
Net Profit7.239.71-0.1811.3112.7525.553.0113.5517.7733.358.1111.436.75
EPS in Rs1.271.71-0.031.982.214.410.522.343.065.751.401.971.16

Last Updated: April 10, 2024, 6:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 7:27 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales174172177170162212228207158118225456511
Expenses150142146145142183200177132102184380440
Operating Profit24293125202928292616417672
OPM %14%17%18%15%13%14%12%14%16%13%18%17%14%
Other Income62191354421458111310
Interest0111100012011
Depreciation10981010111111912868
Profit before tax7639361913233722219438272
Tax %1%19%16%18%21%15%10%19%36%-40%-14%18%
Net Profit75313016101933181412496860
EPS in Rs11.134.585.322.801.823.455.883.262.402.158.5411.6710.28
Dividend Payout %19%62%60%83%39%62%42%77%134%75%42%37%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-58.67%-3.23%-46.67%-37.50%90.00%73.68%-45.45%-22.22%-14.29%308.33%38.78%
Change in YoY Net Profit Growth (%)0.00%55.44%-43.44%9.17%127.50%-16.32%-119.14%23.23%7.94%322.62%-269.56%

Growth

Compounded Sales Growth
10 Years:10%
5 Years:15%
3 Years:42%
TTM:49%
Compounded Profit Growth
10 Years:11%
5 Years:27%
3 Years:71%
TTM:5%
Stock Price CAGR
10 Years:16%
5 Years:15%
3 Years:19%
1 Year:-22%
Return on Equity
10 Years:11%
5 Years:14%
3 Years:20%
Last Year:29%

Last Updated: April 16, 2024, 6:06 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital49494040404040404041414158
Reserves284292185183189208239239219126169215193
Borrowings000000002820721
Other Liabilities43544337313945525456101218176
Total Liabilities375395268260260286324330341224311481448
Fixed Assets98953232293328282920192328
CWIP3312333211130
Investments11311111111111112713813213224232323
Other Assets162186123115116124155168180179269433398
Total Assets375395268260260286324330341224311481448

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1325111714291214-10414599
Cash from Investing Activity -42-2446-21-14-242022-6-1-54
Cash from Financing Activity 0-0-60-1-0-0-14-17-18-24-6-21
Net Cash Flow-291-4-415-0-3-6113824

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow24.0029.0031.0025.0020.0029.0028.0029.00-2.0014.0041.0069.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5056687291729912217118511845
Inventory Days
Days Payable
Cash Conversion Cycle5056687291729912217118511845
Working Capital Days-6-221218373768851881908119
ROCE %25%9%13%9%6%10%8%8%8%5%23%35%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters48.48%48.42%48.37%47.78%47.69%47.66%47.41%47.39%47.37%47.35%47.37%47.36%
FIIs9.92%9.79%9.74%9.70%9.52%9.23%7.99%8.00%7.57%6.22%5.32%1.51%
DIIs0.00%0.01%0.01%0.01%0.58%0.86%1.31%1.23%1.22%1.26%1.08%1.10%
Public41.60%41.78%41.88%42.52%42.21%42.25%43.29%43.36%43.85%45.17%46.22%50.02%
No. of Shareholders60,70863,67860,69457,89361,09862,00263,44559,72557,24177,55187,20795,054

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)16.3612.073.033.384.57
Diluted EPS (Rs.)16.3612.012.993.314.45
Cash EPS (Rs.)17.9113.965.025.557.26
Book Value[Excl.RevalReserv]/Share (Rs.)61.9050.7540.8464.4369.88
Book Value[Incl.RevalReserv]/Share (Rs.)61.9050.7540.8464.4369.88
Revenue From Operations / Share (Rs.)110.3354.6921.8739.2952.28
PBDIT / Share (Rs.)21.4712.556.6310.328.33
PBIT / Share (Rs.)19.9010.554.638.125.64
PBT / Share (Rs.)19.8610.504.277.925.62
Net Profit / Share (Rs.)16.3411.963.013.364.57
NP After MI And SOA / Share (Rs.)16.3411.963.013.364.57
PBDIT Margin (%)19.4522.9530.3326.2615.94
PBIT Margin (%)18.0319.2821.1420.6710.78
PBT Margin (%)18.0019.2019.5420.1610.74
Net Profit Margin (%)14.8121.8613.788.548.73
NP After MI And SOA Margin (%)14.8121.8613.788.548.73
Return on Networth / Equity (%)26.4023.567.385.206.53
Return on Capital Employeed (%)31.1220.5311.1312.418.00
Return On Assets (%)14.0615.915.533.955.51
Total Debt / Equity (X)0.000.000.000.080.00
Asset Turnover Ratio (%)1.150.600.200.320.48
Current Ratio (X)1.522.172.641.862.81
Quick Ratio (X)1.522.152.611.842.78
Dividend Payout Ratio (NP) (%)30.5418.520.00237.5076.62
Dividend Payout Ratio (CP) (%)27.8615.860.00143.5948.20
Earning Retention Ratio (%)69.4681.480.00-137.5023.38
Cash Earning Retention Ratio (%)72.1484.140.00-43.5951.80
Interest Coverage Ratio (X)648.43296.5718.8950.90355.55
Interest Coverage Ratio (Post Tax) (X)494.71283.5013.2930.87195.88
Enterprise Value (Cr.)1321.511340.65735.97347.43663.04
EV / Net Operating Revenue (X)2.895.938.272.203.18
EV / EBITDA (X)14.8725.8327.278.3719.94
MarketCap / Net Operating Revenue (X)3.096.228.532.133.38
Retention Ratios (%)69.4581.470.00-137.5023.37
Price / BV (X)5.516.704.571.302.53
Price / Net Operating Revenue (X)3.096.228.532.133.38
EarningsYield0.040.030.010.040.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 296.96

The stock is undervalued by 17.84% compared to the current price ₹252

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (210.85 cr) compared to borrowings (4.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (228.46 cr) and profit (37.85 cr) over the years.
  1. The stock has a low average ROCE of 13.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 58.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 95.75, which may not be favorable.

Stock Analysis

  • Based on the analysis of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aptech Ltd:
    1. Net Profit Margin: 14.81% (Higher values are generally favorable)
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 31.12% (Industry Average ROCE: 13.06%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 26.40% (Industry Average ROE: 9.58%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 494.71 (Higher values, preferably > 2, are recommended)
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.52 (Higher values, preferably > 1, are recommended)
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23.2 (Industry average Stock P/E: 47.17)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.00 (Lower values, preferably < 1, are preferred)
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.
    Stock Rating: ★★★★★

About the Company

Aptech Ltd. is a Public Limited Listed company incorporated on 25/01/2000 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72900MH2000PLC123841 and registration number is 123841. Currently Company is involved in the business activities of Other educational services. Company’s Total Operating Revenue is Rs. 150.77 Cr. and Equity Capital is Rs. 41.35 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Training ServicesAptech House, A - 65, M.I.D.C. Mumbai Maharashtra 400093investors_relations@aptech.ac.in
http://www.aptech-worldwide.com
Management
NamePosition Held
Mr. Vijay AggarwalChairman
Mr. Utpal ShethVice Chairman
Dr. Anuj KackerWhole Time Director
Mr. Rajiv AgarwalDirector
Mrs. Madhu JayakumarDirector
Mr. Ramesh S DamaniDirector
Mr. Nikhil DalalDirector
Mr. Ronnie Adi TalatiDirector

Aptech Ltd. Share Price Update

Share PriceValue
Today₹251.65
Previous Day₹237.45

FAQ

What is the latest fair value of Aptech Ltd?

The latest fair value of Aptech Ltd is ₹296.96.

What is the Market Cap of Aptech Ltd?

The Market Cap of Aptech Ltd is 1,460 Cr..

What is the current Stock Price of Aptech Ltd as on 23 April 2024?

The current stock price of Aptech Ltd as on 23 April 2024 is 252.

What is the High / Low of Aptech Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aptech Ltd stocks is ₹423/201.

What is the Stock P/E of Aptech Ltd?

The Stock P/E of Aptech Ltd is 23.2.

What is the Book Value of Aptech Ltd?

The Book Value of Aptech Ltd is 43.4.

What is the Dividend Yield of Aptech Ltd?

The Dividend Yield of Aptech Ltd is 1.70 %.

What is the ROCE of Aptech Ltd?

The ROCE of Aptech Ltd is 35.1 %.

What is the ROE of Aptech Ltd?

The ROE of Aptech Ltd is 29.0 %.

What is the Face Value of Aptech Ltd?

The Face Value of Aptech Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aptech Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE