Geographical Expansion
Expected: FY26MEDIUM confidence
What: Branch count: 15 branches in MH/OR
“As of 31st October '25, the total branch count in these two states stood at 15... early experience has been encouraging.”
Aptus Value Housing Finance India Ltd: Is It a Deep Value Opportunity?
AverageSteady GrowthFinancial
As of , Aptus Value Housing Finance India Ltd (Finance - Housing) has a deep value score of 50/100 (rated Average). Earnings are accelerating. 1Y return vs Nifty 500: -21%.
Aptus Value Housing Finance India Ltd Key Facts
- Value Score
- 50/100
What's Happening
👔Promoter stake down 30.0% this quarter
🌐FII stake increased 12.9% this quarter
🏛️DII accumulation — stake up 16.4%
Earnings Acceleration Triggers
1. Geographical Expansion
FY26MEDIUM
2. Interest Cost Reduction Deleveraging
Q3 FY26HIGH
3. Spreads improved to 8.9%
HIGH
Key Risks
1. Attrition and competition for human resources at the branch level from new NBFCs
MEDIUM2. Potential impact of the New Labour Code on employee costs
LOWSector-Specific Signals
Gross NPA Ratio1.56%
Net Interest Margin₹406 Cr+26%
Cost of Funds8.3%
Total AUM₹12,330 Cr+21%
Key Numbers
PEG Ratio
0.48
Current Price
₹264
Dividend Yield
1.74%
Market Cap
13.0K Cr
Valuation
N/AWhy Are Aptus Value Housing Finance India Ltd's Earnings Accelerating?
Based on Q3 FY26 earnings • Updated Apr 18, 2026
Interest Cost Reduction Deleveraging
Expected: Q3 FY26HIGH confidence
What: Cost of Borrowing: 8.3%
Impact: ₹406 Cr NIM
“Our spreads improved to 8.9%, driven by decline in cost of funds to 8.3%... there is also a new facility that has been given by them at 7.95%.”
Spreads improved to 8.9%
HIGH confidence
What: Spreads improved to 8.9%
“Our spreads improved to 8.9%, driven by decline in cost of funds to 8.3%.”
What Are the Key Risks for Aptus Value Housing Finance India Ltd?
Earnings deceleration risks from management commentary
Attrition and competition for human resources at the branch level from new NBFCs
MEDIUMTrigger: Newer players are aggressively hiring field-level staff, leading to higher attrition.
Impact: PAT impact: ₹3.85 Cr
Management view: Implementation of New Labour Code considered in financials; focus on productivity.
Monitor: labor
Potential impact of the New Labour Code on employee costs
LOWTrigger: Mandatory compliance with new labor regulations.
Impact: PAT impact: ₹3.85 Cr
Management view: Already considered in the current quarter's financials.
Monitor: regulatory
What Is Aptus Value Housing Finance India Ltd's Management Saying?
Key quotes from recent conference calls
“With a vision to reach INR25,000 crores AUM in the medium term, we aim to build on the current momentum and sustain a 25% plus growth. [Previous AUM Growth guidance]”
“The credit cost has increased to 50 basis points in H1, mainly due to certain accounting policy change... we have now decided to go for 100% technical write-off. [Previous Credit Cost guidance]”
“Progressively, our plan is really increase it by INR1 lakh average ticket size per year. So if it is INR10 lakh login today, we may look at INR11 lakhs next year. [Initiative: Ticket Size Increase]”
“This will be an additional channel to the existing channel... This, we are trying in 1 or 2 states. If this becomes successful, then it will be launched on a full-fledged basis. [Initiative: Connector Channel Pilot]”
What Did Aptus Value Housing Finance India Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹406 Cr
YoY +26%QoQ +4.4%
Why: Growth was driven by a 21% year-on-year increase in AUM and improved spreads resulting from a decline in the cost of funds.
Net income margin growth outpaced AUM growth due to spread expansion.
EBITDA
₹312 Cr
YoY +27%
Why: Operating profit growth was supported by stable opex-to-AUM ratios despite investments in branch expansion and IT.
Operating leverage remained stable at 2.7% opex-to-AUM.
PAT
₹239 Cr
YoY +26%QoQ +5.3%
Why: PAT growth was driven by robust net income margins and stable asset quality, translating to a 20.2% ROE.
The company maintained one of the highest ROEs in the industry at 20.2%.
Other Highlights
• AUM grew 21% YoY to ₹12,330 crores as of December 31, 2025.
• Branch network expanded to 335 branches, adding 35 branches in the first nine months of FY26.
• Cost of funds declined to 8.3%, improving spreads to 8.9%.
What Sector Metrics Matter for Aptus Value Housing Finance India Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Gross NPA Ratio
1.56%
QoQ +1 bp
Why: Slight uptick in SME loans and seasonal volatility in collections during festive periods.
Net Interest Margin
₹406 Cr
YoY +26%QoQ +4.4%
Why: Driven by AUM growth and a decline in the cost of funds to 8.3%.
Cost of Funds
8.3%
QoQ -12 bps
Why: Refinancing and rating upgrades allowed for lower borrowing rates.
Total AUM
₹12,330 Cr
YoY +21%QoQ +4.8%
Why: Growth driven by branch expansion and higher average ticket sizes.
Credit Cost
50 bps
YoY +30 bpsQoQ Stable
Why: Policy change to 100% technical write-off beyond 500 days (previously 2 years).
Return on Equity
20.2%
QoQ +20 bps
Why: Efficient operations and stable opex-to-AUM ratio of 2.7%.
Balance Transfer Out
2.5%
QoQ Stable
Why: Actual loan transfers to other banks remain low; most prepayments are from customer's own sources.
Average Ticket Size (Login)
₹10 Lakh
YoY +₹1 Lakh
Why: Strategic shift to move away from microfinance-like profiles (below ₹7 lakh).
What Is Aptus Value Housing Finance India Ltd's Management Guidance?
Forward-looking targets from management for FY26
OPM Guidance
20%
Margin Outlook
REAFFIRMED
Volume
LOWERED
Management Tone: BULLISH
Guidance Changes
LOWERED
AUM Growth: 25%+ → 22% to 24%
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Deep Value Stocks in Finance - Housing
Frequently Asked Questions: Aptus Value Housing Finance India Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What is Aptus Value Housing Finance India Ltd's deep value score?
Aptus Value Housing Finance India Ltd has a deep value score of 50/100 (rated Average). This score is calculated from three components
- Earnings Score: 21/40 — measures PAT growth momentum across quarters
- Underperformance Score: 14/35 — how much the stock trails Nifty 500 (deeper underperformance = higher contrarian signal)
- Quality Score: 15/25 — operational quality (margins, revenue growth, valuation)
Is Aptus Value Housing Finance India Ltd fundamentally improving?
Aptus Value Housing Finance India Ltd's quarterly profit (PAT) growth trajectory
- Latest Quarter PAT Growth (QoQ): +10%
- Previous Quarter PAT Growth (QoQ): +4%
- 2 Quarters Ago PAT Growth (QoQ): +3%
- PAT Acceleration: +3.6pp (profits are accelerating)
- 3 consecutive quarters of positive PAT growth
Why is Aptus Value Housing Finance India Ltd underperforming despite good earnings?
Aptus Value Housing Finance India Ltd is underperforming the market despite improving earnings — this is the core deep value thesis
- 1-Year Return vs Nifty 500: -21%
- 6-Month Return vs Nifty 500: -1%
- 3-Month Return vs Nifty 500: +9%
- Yet average quarterly PAT growth is +6% — earnings are improving
- The market often takes time to re-rate stocks with improving fundamentals. This gap between price performance and earnings improvement is what deep value research seeks to identify.
What is the earnings momentum for Aptus Value Housing Finance India Ltd?
Aptus Value Housing Finance India Ltd's earnings momentum is Steady — consistent growth.
- PAT QoQ progression: +3% → +4% → +10% (2Q ago → 1Q ago → latest)
- Acceleration: +3.6pp
Is Aptus Value Housing Finance India Ltd undervalued?
Aptus Value Housing Finance India Ltd's valuation metrics
- Price-to-Earnings (PE): 13.8x
- Price-to-Book (PB): 2.6x
- PEG Ratio: 0.5x
What are the revenue and margin trends for Aptus Value Housing Finance India Ltd?
Aptus Value Housing Finance India Ltd's revenue and margin trends
- Latest Quarter Revenue Growth (QoQ): +4%
- Average Quarterly Revenue Growth: +3%
- Revenue Acceleration: -0.4pp
- Latest OPM Change: +1.6pp (margins expanding)
- Average OPM Change: +0.3pp
What sector does Aptus Value Housing Finance India Ltd belong to?
Aptus Value Housing Finance India Ltd key facts
- Sector: Finance - Housing
- Market Cap: ₹13.0K Cr
- Rank in Finance - Housing: #1 by value score
- Overall rank among all deep value stocks: #65
- Classification: Financial (banking/NBFC scoring model applied)
Is Aptus Value Housing Finance India Ltd a good deep value opportunity to study?
Aptus Value Housing Finance India Ltd shows limited deep value signals currently — score is 50/100 (Average). Monitor for improvement.
- Value Score: 50/100 (Average)
- Earnings: Accelerating
- 1Y Underperformance: -21% vs Nifty 500
What is the bull and bear case for Aptus Value Housing Finance India Ltd?
Research Signals (Bull Case)
- Earnings accelerating — profit growth speeding up
- 3 consecutive quarters of positive PAT growth
- Operating margins expanding
Which other Finance - Housing stocks are deep value opportunities?
Other deep value stocks in Finance - Housing
- GIC Housing Finance Ltd — Score 47/100, Average
How does the Finance - Housing sector look for deep value?
Finance - Housing deep value sector overview
- 2 deep value stocks in this sector
- Average value score: 49/100
- Avg PAT acceleration: -117.5pp
- Top pick: Aptus Value Housing Finance India Ltd
What is deep value investing?
Deep value investing studies stocks that are underperforming the market despite showing improving fundamentals. The thesis is that the market has not yet recognized the earnings recovery, creating a potential valuation gap. It requires patience — recovery can take several quarters.
How is the deep value score calculated?
The deep value score (0-100) combines three factors:
- Earnings (0-40 pts): PAT growth across last 3 quarters, acceleration, and consecutive growth - Underperformance (0-35 pts): How much the stock trails Nifty 500 over 1Y, 6M, 3M (deeper underperformance = higher score) - Quality (0-25 pts): Revenue growth, margin trends, and valuation metrics (PEG, P/B)
Higher score indicates a stronger contrarian research signal.
What are the growth catalysts for Aptus Value Housing Finance India Ltd?
Aptus Value Housing Finance India Ltd has 3 key growth catalysts identified from recent earnings analysis
- Geographical Expansion
- Interest Cost Reduction Deleveraging
- Spreads improved to 8.9%
What are the key risks in Aptus Value Housing Finance India Ltd?
Aptus Value Housing Finance India Ltd has 2 key risks worth monitoring
- Attrition and competition for human resources at the branch level from new NBFCs
- Potential impact of the New Labour Code on employee costs
What did Aptus Value Housing Finance India Ltd's management say in the latest earnings call?
In Q3 FY26, Aptus Value Housing Finance India Ltd's management highlighted
- "With a vision to reach INR25,000 crores AUM in the medium term, we aim to build on the current momentum and sustain a 25% plus growth. [Previous AUM ..."
- "The credit cost has increased to 50 basis points in H1, mainly due to certain accounting policy change... we have now decided to go for 100% technical..."
- "Progressively, our plan is really increase it by INR1 lakh average ticket size per year. So if it is INR10 lakh login today, we may look at INR11 lakh..."
The above FAQs are generated from publicly available earnings data. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.