Aptus Value Housing Finance India Ltd(APTUS)

NSE: APTUSBSE: 543335

₹ 198.5-1.64%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 9,941 crNext results: 4 Nov 2026Website: www.aptusindia.comUpdated: 24 Oct 2026

About

Aptus Value Housing Finance India Ltd is a south-India-focused housing finance company serving self-employed and low-income customers with home loans, loan against property, and SME loans. As of Q1 FY27, its AUM stood at ₹13,648 crores, growing 21% year-on-year, with FY26 PAT of ₹942.94 crores. It operates through 372 branches across 7 states and union territories, with both an HFC and an NBFC subsidiary.^[1][2]

Loan book and AUM

AUM reached ₹13,648 Cr in Q1 FY27, up 21% YoY, following ₹13,107 Cr in Q4 FY26 (+21% YoY) and ₹12,330 Cr in Q3 FY26 (+21% YoY).^[1][3][4]
Minimum loan ticket size raised to ₹7 lakh effective July 1, 2025; average login ticket size is now ₹10 lakh in Q2 FY26, up from ₹9 lakh the prior year.^[5]
Sub-₹7 lakh loans constitute ~10-11% of AUM as of Q3 FY26 and will run down; in 9M FY25 these totalled ₹432 Cr vs ₹148 Cr in Q1 FY26 before the stoppage.^[4]

Branch network and distribution

Branch count reached 372 in Q1 FY27, with 33 added in the quarter; a further ~25 are planned for Q2 FY27, against a full-year FY27 target of 60-70 branches.^[1]
Network spans 7 states and union territories; newer markets Maharashtra and Odisha grew AUM 165% YoY to ₹143 Cr as of Q4 FY26, albeit from a small base.^[3]
Connector channel launched in Tamil Nadu and Andhra Pradesh in January 2026; contributed 8% of disbursements in Q1 FY27 with ~1,000 connectors across branches.^[4][1]
FY27 branch expansion focuses on Maharashtra, Odisha, and underserved pockets of existing states, with long-term AUM aspiration of ₹25,000 Cr to ₹50,000+ Cr.^[1][5]

Key operating metrics

Q1 FY27 disbursements were ₹1,053 Cr, up 36% YoY; FY26 full-year disbursements were ₹4,009 Cr, up 11% YoY.^[1][3]
NIM was ~13% in Q1 FY27; gross spread held at 9% sequentially, supported by cost of funds declining to 8% from 8.1% in Q4 FY26.^[1][3]
GNPA was 1.7% and Net NPA was 1.29% in Q1 FY27, compared to 1.52% GNPA and 1.15% NNPA in Q4 FY26.^[1][3]
Credit cost was ~0.6% of AUM in Q1 FY27; 30+ DPD stood at 6.87%, versus 6.21% in Q4 FY26.^[1][3]
Capital adequacy ratio (CRAR) was 71.0% in Q4 FY26 and 70.5% in Q3 FY26, well above regulatory minimums.^[3][4]

Profitability and returns

ROA was 7.8% and ROE was 20.4% in Q1 FY27; for full-year FY26, ROA was 7.9% and ROE was 20.1%.^[1][3]
Opex/AUM was 2.7% in Q1 FY27; management guides 2.7%-2.8% for full-year FY27 despite branch expansion and IT investment.^[1]

Borrowings and funding

Cost of funds fell to 8% in Q1 FY27 from 8.1% in Q4 FY26 and 8.3% in Q3 FY26; incremental HFC borrowing cost reached 7.85-7.95% by Q3 FY26.^[1][3][4]
Direct assignment programme targets 6-7% of the loan book; cumulative ₹320 Cr executed by end of Q2 FY26 (approximately 3% of AUM at the time).^[5]

Digital operations

As of Q4 FY26, 92% of agreements were executed digitally, 94% of collections came through digital channels, and e-NACH mandate penetration was 99.5%.^[3]
Account aggregator penetration stood at 82% as of Q4 FY26.^[3]

NBFC subsidiary and product pipeline

NBFC subsidiary collection efficiency dropped to ~97.5% in June 2026 vs ~99.5% for the HFC, attributed to month-end payment failures; Stage 2 declined 15-20 bps in July 2026.^[1]
Management is evaluating new lending products in the NBFC subsidiary beyond home loans and SME loans, targeting cross-sell to an existing customer base of over 200,000; detail expected at Q2 FY27 call.^[1]
Separate segment-level investor data for HFC and NBFC to be provided from September 2026 onwards.^[1]

Recent developments

ICRA upgraded Aptus's long-term credit rating to [ICRA] AA (Stable) in Q2 FY26; both ICRA and CARE now rate the long-term credit profile at AA (Stable).^[5]
Home loan rates cut 50-75 bps on incremental disbursements in Q3 FY26 to stay competitive; impact on total loan book yield was less than 10 bps.^[4]
Field-level employee attrition remains elevated at 40-45% as of Q1 FY27, down from 50-60% previously; retention incentives and connector/digital sourcing are being used to reduce people-dependency.^[1]

Market Cap

₹9,941 Cr

High / Low

₹322 / 194

Stock P/E

10.1

Price / Book

2.0

Book Value

₹101

EPS

₹18.8

No. of Shares

50.07 Cr

ROE

20.1%

Debt / Equity

1.56

Sales

₹2,245 Cr

Net Profit

₹943 Cr

Promoter holding

23.9%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials