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Last Updated on: 13 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543335 | NSE: APTUS

Aptus Value Housing Finance India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 12, 2024, 4:13 pm

Market Cap 16,242 Cr.
Current Price 325
High / Low402/281
Stock P/E24.1
Book Value 80.3
Dividend Yield1.36 %
ROCE14.7 %
ROE17.2 %
Face Value 2.00
PEG Ratio-1.72

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aptus Value Housing Finance India Ltd

Competitors of Aptus Value Housing Finance India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ind Bank Housing Ltd 44.5 Cr. 44.587.9/31.6 1210.00 %7.86 %% 10.0
Home First Finance Company India Ltd 9,450 Cr. 1,0591,383/77727.6 2570.32 %11.2 %15.5 % 2.00
Aptus Value Housing Finance India Ltd 16,242 Cr. 325402/28124.1 80.31.36 %14.7 %17.2 % 2.00
Repco Home Finance Ltd 3,001 Cr. 480595/3667.30 4630.63 %10.5 %14.6 % 10.0
PNB Housing Finance Ltd 25,657 Cr. 9871,202/60015.1 5750.00 %9.27 %11.8 % 10.0
Industry Average11,037.70 Cr438.0513.25284.040.73%11.06%13.49%5.64

All Competitor Stocks of Aptus Value Housing Finance India Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales197210225240268286299306334351375395421
Expenses37353941514755455659656168
Operating Profit160175187200217239243260277293309334353
OPM %81%83%83%83%81%83%82%85%83%83%83%85%84%
Other Income66989912101113171014
Interest55494954677778859698109120128
Depreciation2122222232233
Profit before tax109131144152157168176183190205215222237
Tax %22%23%24%22%21%25%23%22%22%23%24%23%23%
Net Profit85101110119123126135142148158164172182
EPS in Rs1.722.042.212.392.482.522.722.862.973.163.293.443.64

Last Updated: November 6, 2024, 7:19 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 12, 2024, 4:13 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1262013255006408151,0931,3651,542
Expenses32476786101144196225253
Operating Profit941542584145396708971,1401,290
OPM %74%77%79%83%84%82%82%83%84%
Other Income0313231926405254
Interest3653115185207209277389455
Depreciation2236677910
Profit before tax56101153247345480654793879
Tax %34%34%27%15%23%23%23%23%
Net Profit3767112211267370503612675
EPS in Rs4.738.4914.1822.7428.777.4510.1012.2613.53
Dividend Payout %-0%-0%-0%-0%-0%-0%20%37%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)81.08%67.16%88.39%26.54%38.58%35.95%21.67%
Change in YoY Net Profit Growth (%)0.00%-13.92%21.23%-61.85%12.04%-2.63%-14.28%

Aptus Value Housing Finance India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:33%
3 Years:29%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:41%
3 Years:32%
TTM:23%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-3%
1 Year:10%
Return on Equity
10 Years:%
5 Years:16%
3 Years:16%
Last Year:17%

Last Updated: Unknown

Balance Sheet

Last Updated: November 12, 2024, 4:13 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital797979959599100100100
Reserves4425066201,6141,8852,8173,2403,6683,914
Borrowings3068401,6032,0222,5152,7283,7965,2006,196
Other Liabilities184061162639413754
Total Liabilities8451,4652,3623,7474,5205,6847,1769,00510,264
Fixed Assets544101012152228
CWIP-0-0-0-0-0-0-0-0-0
Investments145-0-053102515165
Other Assets8401,4162,3583,7374,4585,5707,1108,93110,172
Total Assets8451,4652,3623,7474,5205,6847,1769,00510,264

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -303-495-714-735-621-724-1,047-1,356
Cash from Investing Activity 280-9765-6211121
Cash from Financing Activity 3005347641,2094957689781,224
Net Cash Flow-14751377-61-1842-111

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-212.00-686.00257.00412.00537.00668.00894.00-4.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days-0-0-0-0-0-0-0-0
Inventory Days
Days Payable
Cash Conversion Cycle-0-0-0-0-0-0-0-0
Working Capital Days-5-56-8-9-7-7-1-3
ROCE %14%14%14%13%14%15%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters62.35%62.35%62.35%62.21%62.21%62.21%62.21%62.13%62.10%61.10%54.09%53.91%
FIIs11.02%11.40%11.50%12.42%14.05%14.06%14.15%14.83%15.42%19.58%22.81%22.46%
DIIs20.15%20.38%20.46%2.63%2.57%2.59%2.96%2.78%5.21%5.11%9.14%9.48%
Public6.49%5.88%5.69%22.74%21.18%21.15%20.68%20.27%17.28%14.22%13.96%14.16%
No. of Shareholders1,88,1101,40,8141,38,4341,35,1341,31,7321,31,3651,38,4921,36,9881,42,1171,29,4151,30,2891,53,109

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund19,532,7942.09644.4819,532,7942024-11-100%
SBI Multicap Fund10,675,1392.07352.2319,532,7942024-11-10-45.35%
SBI Banking & Financial Services Fund3,366,2701.9111.0719,532,7942024-11-10-82.77%
SBI Magnum Childrens Benefit Fund - Investment Plan1,500,0002.1349.4919,532,7942024-11-10-92.32%
SBI Conservative Hybrid Fund1,371,2960.4444.6219,532,7942024-11-10-92.98%
SBI Conservative Hybrid Fund - Div (Annual)1,371,2960.4444.6219,532,7942024-11-10-92.98%
SBI Conservative Hybrid Fund - Div (Monthly)1,371,2960.4444.6219,532,7942024-11-10-92.98%
Tata Banking and Financial Services Fund1,200,0001.7839.5919,532,7942024-11-10-93.86%
SBI Equity Savings Fund1,167,1950.7938.5119,532,7942024-11-10-94.02%
PGIM India Small Cap Fund752,8551.6524.8419,532,7942024-11-10-96.15%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.0010.00
Basic EPS (Rs.)12.2710.117.585.564.77
Diluted EPS (Rs.)12.2710.087.535.554.74
Cash EPS (Rs.)12.4510.247.585.7422.94
Book Value[Excl.RevalReserv]/Share (Rs.)75.5267.0558.6841.70180.82
Book Value[Incl.RevalReserv]/Share (Rs.)75.5267.0558.6841.70180.82
Revenue From Operations / Share (Rs.)27.3621.9516.3913.4152.94
PBDIT / Share (Rs.)23.8618.8113.9911.7446.31
PBIT / Share (Rs.)23.6718.6713.8611.6245.69
PBT / Share (Rs.)15.9013.139.667.2726.16
Net Profit / Share (Rs.)12.2610.107.455.6222.33
NP After MI And SOA / Share (Rs.)12.2610.107.455.6222.33
PBDIT Margin (%)87.1985.6885.3387.5487.47
PBIT Margin (%)86.5085.0284.5286.6486.31
PBT Margin (%)58.0959.7958.9254.2049.42
Net Profit Margin (%)44.8246.0045.4341.9342.17
NP After MI And SOA Margin (%)44.8246.0045.4341.9342.17
Return on Networth / Equity (%)16.2315.0612.6913.4812.34
Return on Capital Employeed (%)31.2324.8520.6322.7918.26
Return On Assets (%)6.797.006.515.905.63
Long Term Debt / Equity (X)0.000.110.140.210.37
Total Debt / Equity (X)1.381.130.931.271.18
Asset Turnover Ratio (%)0.160.150.140.130.14
Current Ratio (X)1.712.082.412.142.69
Quick Ratio (X)1.712.082.412.142.69
Dividend Payout Ratio (NP) (%)32.5819.800.000.000.00
Dividend Payout Ratio (CP) (%)32.0919.520.000.000.00
Earning Retention Ratio (%)67.4280.200.000.000.00
Cash Earning Retention Ratio (%)67.9180.480.000.000.00
Interest Coverage Ratio (X)3.073.403.332.702.37
Interest Coverage Ratio (Post Tax) (X)2.582.822.772.292.14
Enterprise Value (Cr.)20241.5715448.1119169.900.000.00
EV / Net Operating Revenue (X)14.8314.1323.530.000.00
EV / EBITDA (X)17.0116.4927.570.000.00
MarketCap / Net Operating Revenue (X)11.2911.0920.740.000.00
Retention Ratios (%)67.4180.190.000.000.00
Price / BV (X)4.093.635.790.000.00
Price / Net Operating Revenue (X)11.2911.0920.740.000.00
EarningsYield0.030.040.020.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aptus Value Housing Finance India Ltd as of November 13, 2024 is: 337.39

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.

As of November 13, 2024, Aptus Value Housing Finance India Ltd is Undervalued by 3.81% compared to the current share price 325.00

Intrinsic Value of Aptus Value Housing Finance India Ltd as of November 13, 2024 is: 290.14

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • 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.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 13, 2024, Aptus Value Housing Finance India Ltd is Overvalued by 10.73% compared to the current share price 325.00

Last 5 Year EPS CAGR: -14.01%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -12.00, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  3. The company has shown consistent growth in sales (290.00 cr) and profit (412.00 cr) over the years.
  1. The stock has a low average ROCE of 12.38%, which may not be favorable.
  2. The company has higher borrowings (2,800.67) compared to reserves (2,078.44), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aptus Value Housing Finance India Ltd:
    1. Net Profit Margin: 44.82%
      • 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: 31.23% (Industry Average ROCE: 11.06%)
      • 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%: 16.23% (Industry Average ROE: 13.49%)
      • 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): 2.58
      • 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: 1.71
      • 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: 24.1 (Industry average Stock P/E: 13.25)
      • 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: 1.38
      • 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Aptus Value Housing Finance India Ltd. is a Public Limited Listed company incorporated on 11/12/2009 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65922TN2009PLC073881 and registration number is 073881. Currently Company is involved in the business activities of Financial Leasing. Company’s Total Operating Revenue is Rs. 678.97 Cr. and Equity Capital is Rs. 99.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - HousingNo. 8B, Doshi Towers, 8th Floor, Chennai (Madras) Tamil Nadu 600010cs@aptusindia.com
http://www.aptusindia.com
Management
NamePosition Held
Mr. M AnandanExecutive Chairman
Mr. P BalajiManaging Director
Mr. Krishnamurthy VijayanIndependent Director
Mr. V G KannanIndependent Director
Ms. Mona KachhwahaIndependent Director
Mr. Kandheri Munuswamy MohandassIndependent Director
Mr. Sankaran KrishnamurthyIndependent Director
Mr. Kanarath Payattiyath BalarajNominee Director
Mr. Sumir ChadhaNominee Director

FAQ

What is the latest intrinsic value of Aptus Value Housing Finance India Ltd?

The latest intrinsic value of Aptus Value Housing Finance India Ltd as on 12 November 2024 is ₹337.39, which is 3.81% higher than the current market price of ₹325.00.

What is the Market Cap of Aptus Value Housing Finance India Ltd?

The Market Cap of Aptus Value Housing Finance India Ltd is 16,242 Cr..

What is the current Stock Price of Aptus Value Housing Finance India Ltd as on 12 November 2024?

The current stock price of Aptus Value Housing Finance India Ltd as on 12 November 2024 is ₹325.

What is the High / Low of Aptus Value Housing Finance India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aptus Value Housing Finance India Ltd stocks is 402/281.

What is the Stock P/E of Aptus Value Housing Finance India Ltd?

The Stock P/E of Aptus Value Housing Finance India Ltd is 24.1.

What is the Book Value of Aptus Value Housing Finance India Ltd?

The Book Value of Aptus Value Housing Finance India Ltd is 80.3.

What is the Dividend Yield of Aptus Value Housing Finance India Ltd?

The Dividend Yield of Aptus Value Housing Finance India Ltd is 1.36 %.

What is the ROCE of Aptus Value Housing Finance India Ltd?

The ROCE of Aptus Value Housing Finance India Ltd is 14.7 %.

What is the ROE of Aptus Value Housing Finance India Ltd?

The ROE of Aptus Value Housing Finance India Ltd is 17.2 %.

What is the Face Value of Aptus Value Housing Finance India Ltd?

The Face Value of Aptus Value Housing Finance India Ltd is 2.00.

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 Aptus Value Housing Finance India 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