Aptus Value Housing Finance India Limited (APTUS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+321.0%

₹841.92

vs ₹200.00 price

Levered DCF

-₹1,649.16

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.33×	19.91×	26.99×	24.03×	44.93×	62.39×	72.73×	122.58×
P/B	1.92×	3.47×	4.38×	3.62×	5.7×	8.41×	8.98×	19.57×
P/S	4.34×	8.33×	11.72×	10.66×	19.8×	25.3×	29.33×	40.53×
EV / EBITDA	13.93×	21.73×	26.62×	23.35×	38.88×	53.41×	66.23×	95.8×
Gross margin	69.9%	69.9%	72.5%	75.7%	75.2%	68.6%	64.7%	65.5%
Operating margin	56.7%	54.2%	56.3%	57.7%	57.1%	52.4%	47.3%	45.3%
Net margin	42.0%	41.8%	43.4%	44.4%	44.1%	40.6%	40.3%	33.1%
Current ratio	0×	127.84×	109.37×	51.14×	51.31×	224.74×	875.98×	135.95×
Debt / equity	1.56×	1.59×	1.38×	1.14×	0.94×	1.27×	1.18×	2.3×
Interest coverage	0×	1.8×	2.04×	2.37×	2.3×	1.67×	1.34×	1.31×
Dividend yield	2.3%	1.5%	1.2%	0.8%	0.0%	0.0%	0.0%	0.0%
Payout ratio	23.9%	29.9%	32.6%	19.8%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.6%	17.4%	16.2%	15.1%	12.7%	13.5%	12.3%	16.0%
Return on invested capital	7.6%	6.7%	6.8%	34.6%	36.8%	29.5%	5.6%	4.8%
Return on assets	7.2%	6.7%	6.8%	7.0%	6.5%	5.9%	5.6%	4.8%
Free cash flow yield	9.4%	-9.4%	-8.2%	-8.7%	-4.4%	-3.7%	-4.8%	-5.2%
Earnings yield	9.7%	5.0%	3.7%	4.2%	2.2%	1.6%	1.4%	0.8%
Enterprise value	₹170.5B	₹214.5B	₹213.6B	₹154.3B	₹189.2B	₹187.3B	₹167.6B	₹151.6B
Net debt / EBITDA	5.97×	6.55×	6.05×	5.07×	4.69×	5.94×	5.62×	9.46×
Cash conversion cycle (days)	0	4	0	-12	918	1	-1	-2