Aptech Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹451 Cr
- P/E
- 17.36
- ROE
- 10.10%
- PEG
- -0.63
- Price to sales
- 0.88
- Debt to equity
- 0.05
- 52W high / low
- ₹122 / ₹70.2
- Sales growth (5Y)
- 33.67%
- EBITDA margin
- 6.44%
- Net profit margin
- 5.03%
- Promoter holding
- 47.35%
- Sales (last year)
- ₹517 Cr
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]
Guidance scorecard · Q1 FY27 call
What Aptech Ltd's management guided
and where it ranks in Other Consumer Services
RevenueQ4 FY24 call
10–20%- Retail segment expects healthy growth driven by industry expansion and new product/geography additions.
- FICCI Frames projects a 17.5% CAGR over three years in related markets, supporting optimistic outlook.
- Beauty segment growth impacted by increased competition but long-term growth remains mid-teens percentage per sector reports.
- Global Retail segment revenue growth adjusted for FX and accounting changes estimated at 8-10%, with PBT growth up to 16%.
- Expansion focus on tier-2 towns and new markets to drive growth beyond metros and tier-1 cities.
- Virtual Production Academy seen as a future technology wave but adoption timing uncertain; it supports long-term growth indirectly.
2 more points from Aptech Ltd's call on revenue
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MarginsQ4 FY24 call
FlatSee what Aptech Ltd said on margins — free account, 30 seconds.
CapexQ4 FY24 call
Planned- Currently, Aptech is not engaged in significant capital expenditure or aggressive cash burn, especially in customer acquisition; they prefer profitable initiatives.
- The company is holding substantial cash reserves but has passed on some opportunities to avoid unprofitable spending.
- They are in the process of formulating a cogent five-year strategy, which, once approved by the board, will guide future strategic investments and capital allocation.
- There is ongoing investment in new product lines and diversifications within the Enterprise Business Group (EBG) to reduce concentration risk and ensure sustainable revenue streams.
- Expansion efforts are focused on network growth, especially in tier-2 towns, to drive future growth.
2 more points from Aptech Ltd's call on capex
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FundraisingQ4 FY24 call
See what Aptech Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY24 call
- Empanelment with three large customers has been achieved, which has potential to lead to large orders, but empanelment is not equivalent to confirmed orders.
- Additional empanelments are in progress to further derisk and expand the customer base.
- New customers are expected to start generating revenue within the financial year, though exact timing is uncertain due to election-induced government delays.
- The company focuses on stabilizing the Enterprise Business by broadening its customer base rather than relying on few large orders.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Other Consumer Services
on management's own guidance
- Physicswallah LtdGood growth2
- Mach Travel SolutionsGood growth1
- Vinsys IT Serv.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Other Consumer Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Mach Travel Solutions | 20–40% | Up 0–2% | ₹459 Cr | 22.7 |
| 2 | Physicswallah Ltd | 20–40% | Flat | ₹38,872 Cr | 636.1 |
| 3 | Vinsys IT Serv. | 20–40% | Flat | ₹869 Cr | 29.2 |
| 4 | 20–40% | Flat | ₹312 Cr | — | |
| 5 | 20–40% | Flat | ₹277 Cr | 25.0 | |
| 6 | 20–40% | Flat | ₹65 Cr | 18.5 |
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Pro shows every company guiding 40%+ revenue growth →Full Other Consumer Services rankingFinancials of Aptech Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Aptech Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 178.46 | 122.78 | 109.32 | 100.64 | 104.06 | 104.71 | 126.50 | 110.21 | 118.69 | 120.43 | 134.88 | 137.11 | 111.00 |
| Expenses + | 143.48 | 108.90 | 95.72 | 91.55 | 99.28 | 97.69 | 118.74 | 103.77 | 110.91 | 113.10 | 127.24 | 123.48 | 108.08 |
| Operating Profit | 34.98 | 13.88 | 13.60 | 9.09 | 4.78 | 7.02 | 7.76 | 6.44 | 7.78 | 7.33 | 7.64 | 13.63 | 2.92 |
| OPM % | 19.60% | 11.30% | 12.44% | 9.03% | 4.59% | 6.70% | 6.13% | 5.84% | 6.55% | 6.09% | 5.66% | 9.94% | 2.63% |
| Other Income + | 3.01 | -0.49 | 4.85 | 2.44 | 1.97 | 2.67 | 4.36 | 4.63 | 3.59 | 4.65 | 4.25 | 0.91 | 3.94 |
| Interest | 0.13 | 0.30 | 0.44 | 0.31 | 0.33 | 0.32 | 0.19 | 0.33 | 0.13 | 0.44 | 0.65 | 0.41 | 0.32 |
| Depreciation | 1.73 | 1.86 | 1.99 | 2.12 | 2.39 | 2.20 | 2.22 | 2.16 | 1.94 | 2.02 | 2.05 | 2.04 | 1.93 |
| Profit before tax | 36.13 | 11.23 | 16.02 | 9.10 | 4.03 | 7.17 | 9.71 | 8.58 | 9.30 | 9.52 | 9.19 | 12.09 | 4.61 |
| Tax % | 7.67% | 27.78% | 28.65% | 25.71% | 31.51% | 29.29% | 43.36% | 58.28% | 46.77% | 29.31% | 29.71% | 29.28% | 61.17% |
| Net Profit + | 33.35 | 8.11 | 11.43 | 6.75 | 2.75 | 5.06 | 5.50 | 3.58 | 4.94 | 6.73 | 6.46 | 8.56 | 1.78 |
| EPS in Rs | 5.75 | 1.40 | 1.97 | 1.16 | 0.47 | 0.87 | 0.95 | 0.62 | 0.85 | 1.16 | 1.11 | 1.48 | 0.31 |
Financials of Aptech Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 170 | 162 | 212 | 228 | 207 | 216 | 118 | 225 | 456 | 436 | 460 | 503 |
| Expenses + | 145 | 142 | 183 | 200 | 177 | 190 | 102 | 184 | 380 | 394 | 431 | 472 |
| Operating Profit | 25 | 20 | 29 | 28 | 29 | 26 | 16 | 41 | 76 | 42 | 29 | 32 |
| OPM % | 15% | 13% | 14% | 12% | 14% | 12% | 13% | 18% | 17% | 10% | 6% | 6% |
| Other Income + | 5 | 4 | 4 | 21 | 4 | 5 | 8 | 11 | 13 | 9 | 15 | 14 |
| Interest | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 2 | 1 | 2 |
| Depreciation | 10 | 10 | 11 | 11 | 11 | 13 | 12 | 8 | 6 | 8 | 9 | 8 |
| Profit before tax | 19 | 13 | 23 | 37 | 22 | 17 | 9 | 43 | 82 | 40 | 35 | 35 |
| 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 |
| EPS in Rs | 2.80 | 1.82 | 3.45 | 5.88 | 3.26 | 2.40 | 2.15 | 8.54 | 11.67 | 5.01 | 3.29 | 4.05 |
| Dividend Payout % | 83% | 39% | 62% | 42% | 77% | 134% | 75% | 42% | 37% | 90% | 137% | 111% |
Financials of Aptech Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of Aptech Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 17 | 14 | 29 | 12 | 14 | -10 | 41 | 45 | 99 | -8 | 20 | 24 |
| Cash from Investing Activity + | -21 | -14 | -24 | 2 | 0 | 22 | -6 | -1 | -54 | -24 | 16 | 8 |
| Cash from Financing Activity + | -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% | 99% |
Financials of Aptech Ltd
Ratios
Working capital efficiency and return ratios
| 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 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| 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% |
Guidance history
How Aptech Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY24 call → | 10–20% | Flat | Planned | — | — |
| Q1 FY24 call → | 20–40% | Flat | — | — | Rising |
| Q4 FY23 call → | 40%+ | Flat | Planned | — | Rising |
| Q3 FY23 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
15 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −24.3% | 24% |
| Last 6 months | −6.5% | 36% |
| Last 3 months | −10.1% | 31% |
The price is 78.5% below its all-time high of ₹400.68 (26 May 2023). Stocks more than 20% below their peak have their score halved, so 30 became 15.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Aptech Ltd: 0.4 × 24 + 0.4 × 36 + 0.2 × 31 = 30, halved to 15 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Aptech Ltd's management said in earlier quarters
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