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APTUS - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 04 May 26, 11:57 am

Fundamental Rating: 3.5

Stock Code APTUS Market Cap 13,026 Cr. Current Price 260 ₹ High / Low 365 ₹
Stock P/E 19.0 Book Value 80.5 ₹ Dividend Yield 1.73 % ROCE 14.3 %
ROE 16.0 % Face Value 2.00 ₹ DMA 50 240 ₹ DMA 200 273 ₹
Chg in FII Hold -2.85 % Chg in DII Hold 2.14 % PAT Qtr 160 Cr. PAT Prev Qtr 202 Cr.
RSI 66.3 MACD 10.9 Volume 6,47,044 Avg Vol 1Wk 12,59,742
Low price 193 ₹ High price 365 ₹ PEG Ratio 0.82 Debt to equity 1.23
52w Index 39.1 % Qtr Profit Var 12.8 % EPS 13.7 ₹ Industry PE 15.1

📊 Financials: APTUS shows moderate fundamentals with ROE at 16.0% and ROCE at 14.3%, reflecting fair efficiency. Debt-to-equity ratio of 1.23 highlights high leverage, which adds financial risk. EPS of ₹13.7 supports earnings visibility, though quarterly PAT declined from ₹202 Cr. to ₹160 Cr. (-20.8%).

💹 Valuation: Current P/E of 19.0 is slightly above industry average (15.1), suggesting mild overvaluation. PEG ratio of 0.82 indicates valuations are aligned with growth. P/B ratio (~3.2) is moderately high compared to book value ₹80.5, limiting intrinsic value comfort.

🏢 Business Model: APTUS operates in housing finance, benefiting from long-term demand in affordable housing. Competitive advantage lies in niche focus and institutional support. However, declining profits and high leverage reduce margin of safety.

📈 Entry Zone: Ideal entry closer to ₹240–255, near DMA 50 (₹240) and below current price ₹260. This range offers better valuation comfort and aligns with technical support.

📌 Long-Term Holding: Suitable for medium-term investors (2–3 years). Dividend yield of 1.73% supports shareholder returns, but long-term holding beyond 3 years should be reconsidered unless leverage reduces and profitability improves.


Positive

  • ROE (16.0%) and ROCE (14.3%) show moderate efficiency
  • Dividend yield of 1.73% provides shareholder value
  • PEG ratio (0.82) suggests valuations aligned with growth
  • DII holdings increased (+2.14%), signaling domestic confidence

Limitation

  • High debt-to-equity ratio (1.23)
  • P/E (19.0) slightly above industry average (15.1)
  • Quarterly PAT decline (₹160 Cr. vs ₹202 Cr.)
  • FII holdings decreased (-2.85%), showing reduced foreign interest

Company Negative News

  • Quarterly profit decline raises caution on earnings stability

Company Positive News

  • Dividend yield supports shareholder returns
  • DII confidence increased significantly (+2.14%)

Industry

  • Industry P/E at 15.1 reflects moderate sector valuation
  • Housing finance sector benefits from long-term demand but faces interest rate risks

Conclusion

APTUS is moderately attractive with fair valuation, dividend support, and institutional confidence, but high leverage and profit decline limit long-term appeal. Entry is recommended around ₹240–255 for margin of safety. For existing holders, a medium-term horizon (2–3 years) with partial exits near ₹340–360 resistance is advisable. Long-term holding should be reconsidered unless profitability metrics improve and debt levels reduce.

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