Apollo Finvest (India) Ltd

BSE: 512437

₹ 479.9-0.02%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 179 crWebsite: www.apollofinvest.comUpdated: 24 Oct 2026

About

Apollo Finvest (India) Ltd is an NBFC that has deployed over 900 crore over eight years as a capital partner to digital lenders through co-lending, term loan and warehousing partnerships. In October 2025 it launched Apollo Cash, its own app that lends directly to consumers. It reported FY26 revenue of Rs 20.7 Cr and PAT of Rs 6.95 Cr.^[1][2]

Business lines

B2B: co-lending, term loan and warehousing partnerships with digital lenders. Over eight years the company has deployed over 900 crore through these partnerships (FY26 annual report).^[1]
B2C: Apollo Cash is a short-term personal loan (STPL) app that lends directly to consumers. It was launched to the public in October 2025.^[1]
In FY26 the company moved from B2B co-lending towards direct-to-consumer lending, according to the FY26 annual report.^[1]

Loan book mix

Retail loans made up 51% of AUM in Q4 FY26, up from 24% earlier.^[3]
In Q1 FY26 the AUM was 60% term loans and 40% retail loans.^[4]
About 27% of the term loan book was in warehousing form in Q4 FY26. Warehousing loans use escrow accounts and give direct visibility of receivables.^[3]
The warehousing term loan product went live in Q1 FY26. It combines features of a term loan and co-lending, with dual escrow accounts.^[4]
The retail book grew 189% quarter-on-quarter in Q3 FY26, led by the fintech partnership channel.^[5]

Key operating numbers

GNPA was 2.07% in Q3 FY26, with 30 PAR at 2.24% and 90 PAR at 2.07%.^[5]
Collection efficiency was 97.14% and the average bureau score was 724 in Q3 FY26.^[5]
Blended cost of borrowing was sub 12% in Q1 FY26, within a range of 10-14%. Term loan XIRR (yield) was 16-17%+.^[4]
CRAR stayed well above RBI's 15% minimum throughout FY26.^[1]
More than Rs 30 crore had been disbursed through Account Aggregator-led underwriting as of Q3 FY26.^[5]

Apollo Cash traction

Apollo Cash was live across 19,000+ PIN codes in Q4 FY26, with 1 lakh+ downloads, 75,000+ applications and 18,000+ loans disbursed.^[3]
Apollo Cash monthly disbursements were Rs 30 lakh in February 2026, Rs 1.2 crore in March 2026 and Rs 3 crore in April 2026.^[3]
Install-to-disbursal conversion in FY26 was 4x the industry benchmark of 3-5%, according to the FY26 annual report.^[1]

Distribution and partners

Partner fintechs lend to a range of borrowers, from salaried employees to blue-collar workers, Tier 3/4 cities and women borrowers. Partnerships are structured as term loans, BC or co-lending (Q1 FY26).^[4]
Apollo Cash reaches borrowers through distribution partnerships with marketplaces, aggregators and APIs.^[1]
An AI voice bot for collections was in beta in Q1 FY26. Management says it is about 10x cheaper than call centres.^[4]

Plans and targets

Apollo Cash targets: about 50 crore of disbursements and AUM of 10-15 crore in FY27, and 15-20% of the total loan book by the end of FY27.^[3]
Apollo Cash is targeted to reach 50-60% of the loan book within 12-24 months. The company aims to phase out term loans in favour of warehousing and retail lending.^[3]
Management said in Q4 FY26 that no external equity fundraise is planned.^[3]
Shareholder approval allows up to Rs 40 crore of unsecured loans from Directors/Promoters in FY2026-27 and FY2027-28, to fund lending operations.^[1]

Recent developments

No earnings call was held for Q1 FY27 results. Only an investor presentation was filed.^[6]
Revenue, PAT and AUM dipped slightly in FY26 compared with FY25 as high-ticket term loans were wound down.^[3]
Q1 FY26 PBT included a one-off gain of about Rs 2 Cr from selling the company's former office property.^[4]
During FY26 the company hired senior staff with fintech backgrounds across data science, engineering, risk, collections and finance.^[1]

Market Cap

₹179 Cr

High / Low

₹602 / 299

Stock P/E

22.4

Price / Book

2.4

Book Value

₹199

EPS

₹18.6

No. of Shares

0.37 Cr

ROE

9.8%

Debt / Equity

0.23

Sales

₹21 Cr

Net Profit

₹7 Cr

Promoter holding

70.7%

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