Aptech Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Retail: 92.4% • Institutional: 7.6%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 22.0%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 23.8% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.95x)
CONS
- A large part of profit comes from other income (54.6% of PBT)
- Company has delivered a poor profit growth of -4.8% over past five years
- Operating margins have contracted to 5.7% from 23.0%
- Recurring exceptional / one-off items are inflating headline profit
- Dividend payout exceeds earnings (136.8%) - may be unsustainable
- Growth is decelerating - 3Y profit CAGR (-27.2%) trails the 5Y trend (-4.8%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NIITMTS | 229.20 | 12.36 | 3163.02 | 1.42 | 57.41 | 16.45 | 565.08 | 25.20 | 23.20 | 16.45 |
| NIITLTD | 92.40 | 140.77 | 1265.82 | 1.08 | 7.52 | 79.37 | 95.65 | 13.71 | 1.26 | -3.85 |
| EXCELSOFT | 81.29 | 20.02 | 935.52 | 0.00 | 92.28 | 1471.26 | 802.63 | 1340.52 | 12.88 | 16.24 |
| APTECHT | 88.42 | 20.98 | 512.86 | 5.09 | 7.65 | 13.63 | 133.75 | 11.06 | 14.04 | 6.81 |
| COMPUSOFT | 12.91 | 35.20 | 102.15 | 1.94 | 1.37 | 1.94 | 8.07 | -8.13 | 4.02 | 14.42 |
| LCCINFOTEC | 3.13 | 0.00 | 52.77 | 0.00 | -0.45 | -1022.45 | 0.01 | -99.13 | -50.00 | -4700.00 |
| UMESLTD | 4.85 | 32.85 | 12.81 | 0.00 | 0.02 | -16.67 | 0.12 | -7.69 | 2.96 | 24.17 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 123 | 109 | 101 | 104 | 105 | 126 | 110 | 119 | 120 | 135 | 137 | 111 | 134 | |
| 109 | 96 | 92 | 99 | 98 | 119 | 104 | 111 | 113 | 127 | 123 | 108 | 127 | |
| Operating Profit | 14 | 14 | 9 | 5 | 7 | 8 | 6 | 8 | 7 | 8 | 14 | 3 | 7 |
| OPM % | 11.30% | 12.44% | 9.03% | 4.59% | 6.69% | 6.13% | 5.85% | 6.55% | 6.09% | 5.66% | 9.94% | 2.62% | 4.86% |
| -0 | 5 | 2 | 2 | 3 | 4 | 5 | 4 | 5 | 4 | 1 | 4 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before Tax | 11 | 16 | 9 | 4 | 7 | 10 | 9 | 9 | 10 | 9 | 12 | 5 | 10 |
| Tax % | 27.78% | 28.65% | 25.85% | 31.59% | 29.47% | 43.36% | 58.28% | 46.82% | 29.31% | 29.82% | 29.28% | 61.39% | 25.82% |
| Net Profit | 0 | 0 | 0 | 0 | 5 | 6 | 4 | 5 | 7 | 6 | 9 | 2 | 8 |
| 1.40 | 1.97 | 1.16 | 0.48 | 0.87 | 0.95 | 0.62 | 0.85 | 1.16 | 1.11 | 1.48 | 0.31 | 1.32 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 163 | 212 | 229 | 209 | 158 | 118 | 226 | 457 | 437 | 460 | 517 | |
| 143 | 183 | 205 | 179 | 122 | 104 | 188 | 390 | 395 | 434 | 486 | |
| Operating Profit | 20 | 29 | 25 | 29 | 37 | 14 | 38 | 67 | 41 | 26 | 31 |
| OPM % | 12.51% | 13.78% | 10.71% | 14.08% | 23.12% | 11.67% | 16.64% | 14.70% | 9.48% | 5.70% | 5.94% |
| 4 | 4 | 24 | 4 | 5 | 9 | 14 | 22 | 9 | 18 | 13 | |
| Interest | 1 | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 2 | 1 | 2 |
| Depreciation | 10 | 11 | 11 | 11 | 9 | 12 | 8 | 7 | 8 | 9 | 8 |
| Profit before Tax | 13 | 23 | 37 | 22 | 32 | 9 | 43 | 82 | 40 | 35 | 36 |
| Tax % | 21.40% | 15.39% | 10.14% | 18.67% | 23.57% | -39.67% | -13.85% | 17.72% | 28.05% | 45.09% | 32.52% |
| Net Profit | 10 | 19 | 33 | 18 | 24 | 12 | 49 | 68 | 29 | 19 | 24 |
| EPS | 2.55 | 4.62 | 7.86 | 4.45 | 3.31 | 2.99 | 12.01 | 11.67 | 5.01 | 3.29 | — |
| Dividend Payout % | 39.23% | 62.00% | 42.48% | 76.63% | 238.44% | 74.64% | 41.82% | 36.71% | 89.86% | 136.80% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 24%
- 3 Years:
- 27%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 2%
- 5 Years:
- 7%
- 3 Years:
- -27%
STOCK PRICE CAGR
- 10 Years:
- -3%
- 5 Years:
- -16%
- 3 Years:
- -33%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 16%
- 3 Years:
- 16%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 41 | 41 | 41 | 58 | 58 |
| 189 | 202 | 221 | 224 | 203 | 114 | 166 | 213 | 201 | 193 | |
| 0 | 0 | 0 | 0 | 24 | 0 | 0 | 6 | 7 | 5 | |
| Trade Payables | 12 | 14 | 16 | 19 | 17 | 16 | 27 | 98 | 24 | 23 |
| 58 | 19 | 35 | 35 | 43 | 31 | 53 | 109 | 92 | 88 | |
| Total Liabilities | 298 | 275 | 312 | 317 | 327 | 203 | 286 | 468 | 382 | 367 |
| 29 | 33 | 28 | 28 | 29 | 20 | 19 | 23 | 28 | 22 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| 111 | 127 | 138 | 132 | 132 | 24 | 23 | 23 | 23 | 3 | |
| 2 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 36 | |
| Cash & Bank | 33 | 29 | 44 | 41 | 12 | 23 | 65 | 91 | 25 | 33 |
| 123 | 85 | 102 | 114 | 152 | 134 | 178 | 329 | 258 | 273 | |
| Total Assets | 298 | 275 | 312 | 317 | 327 | 203 | 286 | 468 | 382 | 367 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 30 | 21 | 23 | -1 | 38 | 61 | 111 | -8 | 20 | |
| Cash from Investing | -14 | -24 | 2 | 0 | 22 | -6 | -1 | -54 | -24 | 16 |
| Cash from Financing | -0 | -0 | -14 | -17 | -18 | -24 | -6 | -21 | -28 | -28 |
| 1 | 5 | -0 | -3 | -6 | 11 | 38 | 24 | -60 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Receipt of no-objection letter for re-classification of promoter group under Regulation 31A read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-08 - Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulation, 2015 (LODR).
2026-09-02 - Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulation, 2015 (LODR).
2026-09-01 - Aptech Limited has informed the Exchange about Bagging/Receiving of orders/contracts
2026-08-29 - Aptech Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-28 - Aptech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026
2026-08-26 - Aptech Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-25 - Aptech Limited has informed the Exchange about Schedule of meet
2026-08-25 - Investor Presentation
News
Recent coverage and analyst commentary for APTECHT
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