Aptus Value Housing Finance India Shares: Buy Aptus Value Housing Finance India, Target Price Rs 526: LKP Securities

has a call to buy on Aptus Value Housing Finance India Ltd. with a target price of Rs 526. The current market price is Rs 350.75. The period given by the analyst is one year when the price of the company can achieve the set target.

Aptus Value Housing Finance India, incorporated in 2009, is a small cap company (having a market capitalization of Rs 17439.34 crore) operating in the NBFC sector.

Its main income products/segments include interest, fee and commission income and income from the sale of stocks and securities for the year ending March 31, 2022.


For the quarter ended June 30, 2022, the company reported consolidated total revenue of Rs 248.76 crore, up 6.15% from last quarter’s total revenue of Rs 234.34 crore.

It was up 33.83% from the total revenue for the same quarter last year of Rs 185.88 crore. The company reported net profit after tax of Rs 118.84 Crore last quarter.

The senior management of the company includes Ms. Anandan, Mr.Kanarath Payattiyath Balaraj, Mr.Suman Bollina, Mr.Shailesh Jayantilal Mehta, Ms.Mona Kachhwaha, Mr.VG Kannan, Mr.Krishnamurthy Vijayan, Mr.Sankaran Krishnamurthy, Mr.Kandheri Munuswamy Mohandass, Mr. Sumir Chadha. The company has TR Chadha & Co. LLP as auditors. As of June 30, 2022, the company had a total of 50 Crore shares outstanding.

Investment rationale
APTUS would continue to achieve superior valuation as it offers best-in-class ROI among its peers, thanks to a continued focus on affordable housing in Tier II/III cities as well as rigorous underwriting practices , which has helped it weather the covid-induced disruptions.

The brokerage firm expects strong AUM growth (estimated 27%), a stable NIM (calculated) of 10.7% and operating expenses of 2.2% from the medium assets that will help APTUS deliver a strong PAT (30% CAGR) on FY22-FY24E.

The brokerage firm values ​​the company at 6.5x FY24E book value to arrive at a target price of ₹526.

Promoter/Fii Holdings
The promoters held 62.51% of the company’s capital as of September 30, 2021, while the FIIs held 28.0% and the DIIs 2.47%.

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