Aptus Value Housing Finance share price: Add Aptus Value Housing Finance India, target price Rs 342: ICICI Securities

ICICI Securities has add call on Aptus Value Housing Finance India with a target price of Rs 342. The current market price of Aptus Value Housing Finance India is Rs 304.7. Time period given by analyst is one year when Aptus Value Housing Finance India Ltd. price can reach defined target.




Aptus Value Housing Finance India Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 15156.00 Crore) operating in NBFC sector.

Aptus Value Housing Finance India Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 234.34 Crore, up 8.34 % from last quarter Total Income of Rs 216.31 Crore and up 29.09 % from last year same quarter Total Income of Rs 181.54 Crore. Company reported net profit after tax of Rs 109.87 Crore in latest quarter.

Investment Rationale
Aptus Value Housing Finance’s (Aptus) Q4FY22 PAT of Rs1.1bn, earnings growth of 39% in FY22, RoA of 8% and RoE of 14.5% were marginally better than our estimates. Disappointment in Q3FY22 with respect to collection efficiency (CE) and rise in 30+ dpd was fully addressed this quarter itself. CE retraced to 103.14%, 30+ dpd normalised to 9.91% and stage-3 assets declined to 1.19% from 1.53% QoQ (0.81% in Q2). Besides 7.3% by FY24E. Assigning a valuation at 4.5x Sep’23E book, it revises target price to Rs342 (earlier: Rs379).

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