Aptus Value Housing Finance India Limited (NSE: APTUS) is a home loan company that provides loans for non-housing finance activities like Loan against properties (LAP) and refinance loans. The company primarily focuses on serving the housing needs of the self-employed, informal segment of customers, mainly from the semi-urban and rural markets. Its product offerings include home loans, LAP, and insurance services. Aptus Value Housing also has a wholly-owned subsidiary, Aptus Finance India Private Limited, which is a non-banking finance company.
Aptus Value Housing Finance India Ltd is a leading housing finance company in South India. The company has recently declared its financial results for the 9 months ended December 31, 2022. During this period, the company disbursed INR 1734 crores, registering a growth of 55% YoY. The company has built a strong branch network of 215 branches to deliver quality service to its customers.
The company is well-capitalized with a net worth of over INR 3200 crores. The company has maintained sufficient on-balance sheet liquidity of over INR 664 crores, excluding undrawn sanctions of INR 400 crores from the National Housing Bank. With a strong capital base and prudent borrowing practices, the company has positive asset-liability management across tenors.
The company has shown strong growth in disbursements and collection efficiencies, which have returned to pre-COVID levels with a considerable improvement in soft buckets. The Gross NPA has decreased to 1.44% as of December 2022, compared to 1.53% in the previous period. The company has delivered an AUM growth of 31% YoY and PAT growth of 41%. The ROA and ROE of the company are at 8.53% and 16.02% respectively, which are considered some of the best in the industry.
The company has received a rating of AA (-) from both ICRA and CARE. The spread of the company is at 14.45%, and it has diversified borrowings from various sources such as the National Housing Bank, DFIs like IFC, large financial institutions, and banks.
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