Aptus Value Housing Finance India Limited
"Aptus is a housing finance company, which was incorporated on December 11, 2009. In AVHFIL, as on March 31, 2024, M. Anandan and immediate relatives hold 23.97% stake, West Bridge Crossover Fund LLC holds 34.46% of the stake, Malabar Funds (6.69%), ...
Key Metrics
EPS
12.26
Current ratio
6.09
Debt/Equity
1.39
Debt/EBITDA
11.22
Interest coverage ratio
0.00
Operating Cashflow to total debt
-0.26
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Significant improvement in the scale of operations while maintaining profitability and asset quality parameters at comfortable levels
Diversification in funding profile to support the growing scale of operations.
Established track record of Aptus in affordable housing segment
Well-managed in-house appraisal, origination and collection team along with good MIS system
Healthy capital adequacy levels
Good asset quality indicators
Liquidity: Adequate
Cons
Moderate portfolio seasoning
Geographical concentration of loan portfolio which has seen gradual improvement
Exposure to the underbanked segment of borrowers
Moderately diversified resource profile
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About Aptus Value Housing Finance India Limited bond.
This comprehensive profile covers key factual information about Aptus Value Housing Finance India Limited. "Aptus is a housing finance company, which was incorporated on December 11, 2009. In AVHFIL, as on March 31, 2024, M. Anandan and immediate relatives hold 23.97% stake, West Bridge Crossover Fund LLC holds 34.46% of the stake, Malabar Funds (6.69%), Capital Group (4.79%), Steadview Capital (3.18%) and remaining 4.21% stake is held by mutual funds and 22.70% is held by public. The company went public on August 24, 2021. Aptus Finance India Private Limited (NBFC) is a wholly owned subsidiary of Aptus. Both companies have the same customer base and management and share a common brand name. Loan reported under AFIPL are SME (Small Business Loans) and LAP loans. Aptus essentially caters to housing finance needs of self-employed, informal segment of customers mostly belonging to middle/low-income groups, primarily from semi-urban and rural markets. Non-housing loan portfolio is constituted by SME (Small Business Loans) and LAP – C&P (Construction and Purchase loan). Aptus (consolidated) had an AUM of ₹8,722 crore as on March 31, 2024, of which, housing segment constituted 60% with the rest being non-housing portfolio. The IRR for housing loans is generally 13-15% while that of non-housing loan is up to 22%. The company extends housing loans between ₹5 to ₹20 lakhs. The company is one of the early private sector entrants in south India catering to affordable housing segment. As on June 30, 2024, Aptus had 267 branches in Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, Maharashtra and Odisha with an AUM of ₹9,072 crore. Brief Financial" EPS in Mar-2024 was 12.26. Current ratio in Mar-2024 was 6.09. Debt/Equity in Mar-2024 was 1.39. Debt/EBITDA in Mar-2024 was 11.22. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was -0.26. Total revenue for Mar-2025 (E) was ₹1593.20. Net income for Mar-2025 (E) stood at ₹704.02. Total assets as of Mar-2024 were ₹9,004.61. Operating cash flow for Mar-2024 was ₹-1,355.68. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), Bank of India (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), National Housing Bank (₹N/A Cr), Proposed (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Yes Bank Limited (₹N/A Cr), Yes Bank Limited (₹N/A Cr), Yes Bank Limited (₹N/A Cr). Peers and comparison entities consist of Aptus Value Housing Finance India Limited, LIC Housing Finance Limited, PNB Housing Finance Limited, Aavas Financiers Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Significant improvement in the scale of operations while maintaining profitability and asset quality parameters at comfortable levels; Diversification in funding profile to support the growing scale of operations. ; Established track record of Aptus in affordable housing segment ; Well-managed in-house appraisal, origination and collection team along with good MIS system ; Healthy capital adequacy levels; Good asset quality indicators; Liquidity: Adequate. Key risks include: Moderate portfolio seasoning; Geographical concentration of loan portfolio which has seen gradual improvement; Exposure to the underbanked segment of borrowers; Moderately diversified resource profile. Leadership team details include C T Manoharan (Chief Business Officer), John Vijayan Rayapppa (Chief Financial Officer), K Srinivasan (Associate Vice President), Kanarath Payattiyath Balaraj (Nominee Director), Kandheri Munuswamy Mohandass (Independent Director), Krishnamurthy Vijayan (Independent Director), M Anandan (Executive Chairman), Mona Kachhwaha (Independent Director), N Srikanth (Vice President - Finance), Naveen Kumar (Vice President), P Balaji (Managing Director), S Krishna Kishore (Associate Vice President), Sanin Panicker (Company Secretary & Compliance Officer), Sankaran Krishnamurthy (Independent Director), Sumir Chadha (Nominee Director), V G Kannan (Independent Director), V Krishnaswami (Senior Vice President), V Sundara Kumar (Senior Vice President), Vijayaraghavan Kannan (Chief Risk Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.