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Aptech Ltd: Stock Analysis & Fundamentals

Updated this week

Aptech Ltd (Computer Education) — fundamental analysis, earnings data, and key metrics. PE: 22.4. ROE: 7.6%. This stock is not currently in the Nifty 500 momentum outperformers list.

Aptech Ltd Key Facts

What's Happening

📊Debt increased 100% YoY — leverage rising

Earnings Acceleration Triggers

1. Order Book Or Contract Wins
FY26MEDIUM
2. Operating Leverage Inflection
Q3 FY26MEDIUM

Key Risks

1. One-time exceptional charge related to the implementation of New Labour Codes
LOW
2. Ongoing arbitration dispute with Kabul-based franchisee regarding non-payment fo
MEDIUM

Sector-Specific Signals

Retail Segment Revenue₹101.79 Cr-1.8%
Institutional Segment Revenue₹35.32 Cr+439.2%
Operating Margin (Excl. Other Income)9.94%+410 bps
Return on Equity (ROE)9.16%Declined

Key Numbers

Current Price
₹109
Dividend Yield
4.11%
Market Cap
635 Cr
Valuation
N/A

Why Are Aptech Ltd's Earnings Accelerating?

Based on Q3 FY26 (web) earnings • Updated Apr 19, 2026

Order Book Or Contract Wins

Expected: FY26MEDIUM confidence

What: Contract Value: ₹4.22 Cr

Impact: ₹4.22 Cr revenue contribution

Operating Leverage Inflection

Expected: Q3 FY26MEDIUM confidence

What: Operating Margin: 9.94%

Impact: 410 bps expansion

What Are the Key Risks for Aptech Ltd?

Earnings deceleration risks from management commentary

One-time exceptional charge related to the implementation of New Labour Codes

LOW

Trigger: One-time exceptional charge related to the implementation of New Labour Codes.

Impact: PAT impact: ₹2.40 Cr (Pre-tax)

Management view: Absorbed in Q3 results as a one-time charge.

Monitor: labor

Ongoing arbitration dispute with Kabul-based franchisee regarding non-payment fo

MEDIUM

Trigger: Ongoing arbitration dispute with Kabul-based franchisee regarding non-payment for Afghan student training.

Impact: PAT impact: ₹1.48 Cr claim

Management view: Successfully argued for dismissal of arbitration application due to time-barred claims in some courts.

Monitor: litigation

What Did Aptech Ltd Report This Quarter?

Headline numbers from the latest earnings call

Revenue

₹137.11 Cr

YoY +24.41%QoQ +1.65%

Revenue reached an all-time high driven by improved student enrollment trends across learning centers and training programs.

EBITDA

₹13.63 Cr

YoY +107.36%Margin 9.94%

Margins expanded significantly due to better cost management and operating leverage, though historical volatility remains a concern.

PAT

₹8.56 Cr

YoY +139.11%QoQ +32.51%

Profit growth was aided by a normalized tax rate of 29.20% compared to an abnormally high 58.28% in the previous year's quarter.

Other Highlights

• Exceptional charge of ₹2.40 Cr due to New Labour Code implementation.

• Company maintained debt-free status with a net cash position.

• Institutional segment revenue grew significantly to ₹35.32 Cr from ₹6.55 Cr YoY.

What Sector Metrics Matter for Aptech Ltd?

Sub-sector-specific signals from the latest concall — each with management's stated reason for the change

Retail Segment Revenue

₹101.79 Cr

YoY -1.8%QoQ Not Given

Why: Marginal decline in the core retail training business despite overall company growth.

Institutional Segment Revenue

₹35.32 Cr

YoY +439.2%QoQ Not Given

Why: Significant growth in enterprise and government training solutions.

Operating Margin (Excl. Other Income)

9.94%

YoY +410 bpsQoQ Not Given

Why: Improved operational efficiency and cost management reaching a quarterly high.

Return on Equity (ROE)

9.16%

YoY DeclinedQoQ Not Given

Why: ROE has declined below the five-year average of 18.17%, indicating challenges in capital efficiency.

Debtors Turnover Ratio

10.26x

YoY ImprovedQoQ Not Given

Why: Effectiveness in settling debtors more swiftly, reaching a multi-period high.

Effective Tax Rate

29.20%

YoY -2908 bpsQoQ Not Given

Why: Normalization from an abnormally high tax rate of 58.28% in Q3 FY25.

What Is Aptech Ltd's Management Guidance?

Forward-looking targets from management

Management Tone: CAUTIOUS

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.

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Frequently Asked Questions: Aptech Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Aptech Ltd's latest quarterly results?

Aptech Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: +139.1%
  • Revenue Growth YoY: +24.4%
  • Operating Margin: 9.9%

What is Aptech Ltd's current PE ratio?

Aptech Ltd's current PE ratio is 22.4x.

  • Current PE: 22.4x
  • Market Cap: 635 Cr
  • Dividend Yield: 4.11%

What is Aptech Ltd's price-to-book ratio?

Aptech Ltd's price-to-book ratio is 2.7x.

  • Price-to-Book (P/B): 2.7x
  • Book Value per Share: ₹41
  • Current Price: ₹109

Is Aptech Ltd a fundamentally strong company?

Aptech Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 14.0%

Is Aptech Ltd debt free?

Aptech Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹14 Cr

What is Aptech Ltd's return on equity (ROE) and ROCE?

Aptech Ltd's return ratios over recent years

  • FY2023: ROCE 35.0%
  • FY2024: ROCE 19.0%
  • FY2025: ROCE 14.0%

Is Aptech Ltd's cash flow positive?

Aptech Ltd's operating cash flow is positive (FY2025).

  • Cash from Operations (CFO): ₹20 Cr
  • Free Cash Flow (FCF): ₹36 Cr
  • CFO/PAT Ratio: 105% (strong cash conversion)

What is Aptech Ltd's dividend yield?

Aptech Ltd's current dividend yield is 4.11%.

  • Dividend Yield: 4.11%
  • Current Price: ₹109

Who holds Aptech Ltd shares — promoters, FII, DII?

Aptech Ltd's shareholding pattern (Mar 2026)

  • Promoters: 47.4%
  • FII (Foreign): 0.7%
  • DII (Domestic): 1.2%
  • Public: 50.8%

Is promoter holding increasing or decreasing in Aptech Ltd?

Aptech Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 47.4% (Mar 2026)
  • Previous Quarter: 47.4% (Dec 2025)
  • Change: 0.00% (stable)

Is Aptech Ltd a new momentum entry or an established outperformer?

Aptech Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Aptech Ltd?

Aptech Ltd has 2 key growth catalysts identified from recent earnings analysis

  • Order Book Or Contract Wins — Direct revenue addition in the enterprise segment for the current fiscal year.
  • Operating Leverage Inflection — Highest quarterly margin in recent history suggests potential for leverage if revenue growth persists.

What are the key risks in Aptech Ltd?

Aptech Ltd has 2 key risks worth monitoring

  • [LOW] One-time exceptional charge related to the implementation of New Labour Codes — One-time exceptional charge related to the implementation of New Labour Codes.
  • [MEDIUM] Ongoing arbitration dispute with Kabul-based franchisee regarding non-payment fo — Ongoing arbitration dispute with Kabul-based franchisee regarding non-payment for Afghan student training.

What is Aptech Ltd's management guidance for growth?

Aptech Ltd's management has provided the following forward guidance

  • Revenue outlook: Not Given
  • Margin outlook: Not Given
  • Management tone: cautious

What sector-specific metrics matter most for Aptech Ltd?

Aptech Ltd's most important sub-sector-specific KPIs from the latest concall

  • Retail Segment Revenue: ₹101.79 Cr (YoY -1.8%) (QoQ Not Given) — Marginal decline in the core retail training business despite overall company growth.
  • Institutional Segment Revenue: ₹35.32 Cr (YoY +439.2%) (QoQ Not Given) — Significant growth in enterprise and government training solutions.
  • Operating Margin (Excl. Other Income): 9.94% (YoY +410 bps) (QoQ Not Given) — Improved operational efficiency and cost management reaching a quarterly high.
  • Return on Equity (ROE): 9.16% (YoY Declined) (QoQ Not Given) — ROE has declined below the five-year average of 18.17%, indicating challenges in capital efficiency.
  • Debtors Turnover Ratio: 10.26x (YoY Improved) (QoQ Not Given) — Effectiveness in settling debtors more swiftly, reaching a multi-period high.
  • Effective Tax Rate: 29.20% (YoY -2908 bps) (QoQ Not Given) — Normalization from an abnormally high tax rate of 58.28% in Q3 FY25.

Is Aptech Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Aptech Ltd may be worth studying

  • Cash flow is positive — CFO ₹20 Cr

What is the investment thesis for Aptech Ltd?

Aptech Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Order Book Or Contract Wins

Risk Factors (Bear Case)

  • Key risk: One-time exceptional charge related to the implementation of New Labour Codes

What is the future outlook for Aptech Ltd?

Aptech Ltd's forward outlook based on current data signals

  • Key Catalyst: Order Book Or Contract Wins
  • Key Risk: One-time exceptional charge related to the implementation of New Labour Codes

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.