BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Aptus Value Housing Finance India Ltd. has leveraged the opportunity in affordable housing finance exceedingly well as evident from its proven business credentials of delivering 48% assets under management compound annual growth rate, superior return on asset at 7% plus and curtailing credit risks to minimal.
Aptus Value Housing operates in less competitive areas, serving underserved new-to-credit self-employed customers in rural markets requiring low ticket housing loans.
Leadership dominance, deeper penetration, capital, liquidity and franchise investment positions it to compound AUM at 25-30% CAGR over the next three-five years.
Inelastic yield behaviour, recent rating upgrade, lean cost structure bode well for best-in-class operating profit.
Near-to-medium risks exist in the form of succession planning, portfolio rebalancing in favour of qualifying housing loans and Reserve Bank of India notification leading to higher gross non performing asset.
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