Aptus Value Housing Finance India Ltd

- The company currently has no immediate plans to access the capital market for raising new equity, as it is generating sufficient profits to support growth internally. - Leverage is comfortably low, and management indicated it will take some time to reach a leverage level of 5-6x. - On the debt side, the company had a sanction of INR 500 crores from NHB (National Housing Bank) in December 2022, of which INR 300 crores had been drawn as of March 2023. Around INR 200 crores remains undrawn from NHB. - Additionally, there are approximately INR 625 crores of undrawn funds in total. - Around INR 100-150 crores of high-cost debt is maturing and will be refinanced at a lower cost starting early Q2 FY24. - Overall, growth is expected to be funded through a mix of undrawn sanctioned lines, internal accruals, and refinancing of existing debt, with no immediate equity raising planned.

- The company plans to enhance its presence through deeper penetration in existing branches and opening new branches in adjacent states, including Telangana, Karnataka, and Odisha. - Aptus is focusing on geographic expansion at the district and taluk levels to increase market coverage. - No specific mention of large-scale capital expenditure or strategic investments beyond branch expansion and geographic diversification. - Growth strategy centers on home loans and SME loans, particularly in affordable housing, rather than unrelated financial services or banking. - No indication of plans to convert into a bank or enter unrelated financial activities in the immediate term. - The company aims to maintain disciplined leverage (around 5-6x) without imminent capital market raising, suggesting no large capital investments requiring external funding in near term.

- Focus on home loans and SME lending, targeting informal Tier 3 and Tier 4 self-employed customers against residential property. - Growth driven by deeper geographical penetration in existing branches and expansion into adjacent states like Telangana, Maharashtra, Odisha, and Karnataka. - Opening around 30 new branches in the current fiscal year to enhance market reach. - Strengthening sales and marketing teams, including expanding cluster managers from 54 by adding 5-6 more to improve disbursement and collection efforts. - SME loan segment actively pursued due to recovering demand post-COVID, with a typical ticket size of ~INR 7 lakh and 7-year tenor. - Maintaining consistent lending rates with a focus on low operating costs and high branch productivity to support sustainable growth. - Aim for consistent AUM growth, evidenced by 30% YoY growth in FY23 and 46% increase in disbursements.

- The company aims for 25-30% growth going forward, though not at the initial IPO-expected 40% CAGR (Page 6). - Focus remains on home loans and SME loans, expanding geographically with deeper penetration and new branches in Telangana, Karnataka, and adjacent states (Pages 7, 12). - Management is preparing for next-level growth by strengthening senior and middle management in sales, credit, and collections (Page 11). - Cost of funds expected to decrease due to maturing high-cost debt being replaced by lower-cost borrowings (Page 12). - NPA reduction efforts target bringing Stage 2 assets down to around 4% and 90+ day NPAs around 1%, supporting asset quality and profitability (Page 11). - ROE has improved to 16.34% and is expected to enhance further with improved leverage (Pages 2, 4, 6).

The provided transcript and document pages do not contain any specific information regarding the current or expected order book or pending orders for Aptus Value Housing Finance Limited. The discussion focuses primarily on financial performance, cost of funds, branch expansion, loan ticket sizes, asset quality, management transitions, and borrowing costs. There is no mention of order book status or pending orders. Therefore: - No data on current or expected order book or pending orders is available in the provided text. - The focus is mainly on loan disbursements, asset under management (AUM), financial metrics, and operational highlights. - For order book details, refer to other company reports or investor communications not included here.