Aptech
Aptech
Consumer ServicesKey Fundamentals
MicrocapEducationConsumer ServicesTapetide Score
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Key Insights
Strengths
2- Company is almost debt free.
- Company's working capital requirements have reduced from 92.3 days to 55.8 days
Weaknesses
3- Company has a low return on equity of 10.3% over last 3 years.
- Earnings include an other income of Rs.12.9 Cr.
- Debtor days have increased from 39.0 to 48.7 days.
Growth Rate
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 123 | 109 | 101 | 104 | 105 | 127 | 110 | 119 | 120 | 135 | 137 | 111 | 134 |
| Expenses | 109 | 95.72 | 91.55 | 99.28 | 97.69 | 119 | 104 | 111 | 113 | 127 | 123 | 108 | 125 |
| Operating Profit | 13.88 | 13.6 | 9.09 | 4.78 | 7.02 | 7.76 | 6.44 | 7.78 | 7.33 | 7.64 | 13.63 | 2.92 | 9.11 |
| OPM % | 11.3% | 12.44% | 9.03% | 4.59% | 6.7% | 6.13% | 5.84% | 6.55% | 6.09% | 5.66% | 9.94% | 2.63% | 6.81% |
| Other Income | -0.49 | 4.85 | 2.44 | 1.97 | 2.67 | 4.36 | 4.63 | 3.59 | 4.65 | 4.25 | 0.91 | 3.94 | 3.8 |
| Interest | 0.3 | 0.44 | 0.31 | 0.33 | 0.32 | 0.19 | 0.33 | 0.13 | 0.44 | 0.65 | 0.41 | 0.32 | 0.37 |
| Depreciation | 1.86 | 1.99 | 2.12 | 2.39 | 2.2 | 2.22 | 2.16 | 1.94 | 2.02 | 2.05 | 2.04 | 1.93 | 2.24 |
| PBT | 11.23 | 16.02 | 9.1 | 4.03 | 7.17 | 9.71 | 8.58 | 9.3 | 9.52 | 9.19 | 12.09 | 4.61 | 10.3 |
| Tax % | 27.78% | 28.65% | 25.71% | 31.51% | 29.29% | 43.36% | 58.28% | 46.77% | 29.31% | 29.71% | 29.28% | 61.17% | 25.83% |
| Net Profit | 8.11 | 11.43 | 6.75 | 2.75 | 5.06 | 5.5 | 3.58 | 4.94 | 6.73 | 6.46 | 8.56 | 1.78 | 7.65 |
| EPS in Rs | 1.4 | 1.97 | 1.16 | 0.47 | 0.87 | 0.95 | 0.62 | 0.85 | 1.16 | 1.11 | 1.48 | 0.31 | 1.32 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170 | 162 | 212 | 228 | 207 | 216 | 118 | 225 | 456 | 436 | 460 | 502 | 517 |
| Expenses | 145 | 142 | 183 | 200 | 177 | 190 | 102 | 184 | 380 | 394 | 431 | 470 | 483 |
| Operating Profit | 25 | 20 | 29 | 28 | 29 | 26 | 16 | 41 | 76 | 42 | 29 | 32 | 33 |
| OPM % | 15% | 13% | 14% | 12% | 14% | 12% | 13% | 18% | 17% | 10% | 6% | 6% | 6% |
| Other Income | 5 | 4 | 4 | 21 | 4 | 5 | 8 | 11 | 13 | 9 | 15 | 14 | 13 |
| Interest | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 2 | 1 | 2 | 2 |
| Depreciation | 10 | 10 | 11 | 11 | 11 | 13 | 12 | 8 | 6 | 8 | 9 | 8 | 8 |
| PBT | 19 | 13 | 23 | 37 | 22 | 17 | 9 | 43 | 82 | 40 | 35 | 35 | 36 |
| Tax % | 18% | 21% | 15% | 10% | 19% | 21% | -40% | -14% | 18% | 28% | 45% | 34% | — |
| Net Profit | 16 | 10 | 19 | 33 | 18 | 14 | 12 | 49 | 68 | 29 | 19 | 24 | 24 |
| EPS in Rs | 2.8 | 1.82 | 3.45 | 5.88 | 3.26 | 2.4 | 2.15 | 8.54 | 11.67 | 5.01 | 3.29 | 4.05 | 4.22 |
| Div. Payout % | 83% | 39% | 62% | 42% | 77% | 134% | 75% | 42% | 37% | 90% | 137% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 41 | 41 | 41 | 58 | 58 | 58 |
| Reserves | 183 | 189 | 208 | 239 | 239 | 219 | 126 | 169 | 215 | 202 | 193 | 191 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 28 | 2 | 0 | 7 | 8 | 7 | 13 |
| Other Liabilities | 37 | 31 | 39 | 45 | 52 | 54 | 56 | 101 | 218 | 140 | 132 | 167 |
| Total Liabilities | 260 | 260 | 286 | 324 | 330 | 341 | 224 | 311 | 481 | 409 | 390 | 428 |
| Fixed Assets | 32 | 29 | 33 | 28 | 28 | 29 | 20 | 19 | 23 | 28 | 22 | 34 |
| CWIP | 2 | 3 | 3 | 3 | 2 | 1 | 1 | 1 | 3 | 4 | 8 | 0 |
| Investments | 111 | 111 | 127 | 138 | 132 | 132 | 24 | 23 | 23 | 23 | 3 | 2 |
| Other Assets | 115 | 116 | 124 | 155 | 168 | 180 | 179 | 269 | 433 | 354 | 358 | 391 |
| Total Assets | 260 | 260 | 286 | 324 | 330 | 341 | 224 | 311 | 481 | 409 | 390 | 428 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 17 | 14 | 29 | 12 | 14 | -10 | 41 | 45 | 99 | -8 | 20 | 24 |
| Investing | -21 | -14 | -24 | 2 | 0 | 22 | -6 | -1 | -54 | -24 | 16 | 8 |
| Financing | -1 | 0 | 0 | -14 | -17 | -18 | -24 | -6 | -21 | -28 | -28 | -30 |
| Net Cash Flow | -4 | 1 | 5 | 0 | -3 | -6 | 11 | 38 | 24 | -60 | 8 | 2 |
| Free Cash Flow | 6 | 5 | 15 | 21 | 4 | -15 | 37 | 39 | 92 | -22 | 13 | 21 |
| CFO/OP | 81 | 72 | 104 | 75 | 77 | -4 | 246 | 148 | 145 | 15 | 84 | 98 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 91 | 72 | 99 | 122 | 125 | 185 | 118 | 45 | 40 | 29 | 49 |
| Cash Conversion Cycle | 72 | 91 | 72 | 99 | 122 | 125 | 185 | 118 | 45 | 40 | 29 | 49 |
| Working Capital Days | 18 | 37 | 37 | 68 | 85 | 93 | 186 | 80 | 18 | 103 | 118 | 56 |
| ROCE % | 9% | 6% | 10% | 8% | 8% | 7% | 5% | 23% | 35% | 19% | 14% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY11–FY26.
Documents
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Company Information
Aptech Ltd. is a pioneer in the non-formal education and training business in the country with a significant global presence. It was established in 1986 and has 800 centers. It has a presence in diverse sectors ranging from IT training, media & entertainment, retail & aviation, beauty & wellness, banking & finance, and pre-school segment amongst others. It has successfully trained students, professionals, universities & corporates through its two main streams of business - Individual Training and Enterprise Business Group [1]
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