Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹505 Cr.
Stock P/E
21.5
P/B
2
Current Price
₹87
Book Value
₹ 44.1
Face Value
10
52W High
₹128.7
52W Low
₹ 69.5
Dividend Yield
5.17%

Aptech Overview

Business

Aptech Ltd. is a global education and training company headquartered in India. Its core business involves providing skill-based vocational training in IT, multimedia, animation, and English language. The company operates primarily through a franchise model, offering courses to individuals seeking career-oriented skills. Additionally, Aptech provides enterprise-level training solutions to corporate clients and offers institutional learning programs to schools and colleges. It makes money primarily through course fees from students (collected via its franchise network), franchise fees, and direct contracts for corporate and institutional training.

Revenue Mix

Aptech's major business segments include:

Individual Training: This is the largest segment, offering vocational training through brands like Aptech Computer Education (IT skills), Arena Animation (animation, VFX, gaming, web design), and MAAC (Media, Animation & Arts Communication). These programs cater to students aspiring for careers in these fields.

Corporate Training: Providing customized training solutions to businesses for employee skill development and upskilling.

Institutional Training: Partnering with educational institutions (schools, colleges) to offer specialized courses and curriculum integration.

Aptech English Learning Academy: Focused on English language proficiency training.

Aptech's revenue mix is predominantly driven by its individual training segment through its extensive franchisee network across India and internationally.

Industry

The IT-Education sector in India is highly competitive and fragmented, characterized by a mix of organized national players, numerous local institutes, and a growing number of online learning platforms (Ed-techs). The demand for specialized IT skills is robust. Aptech is one of the oldest and most recognized brands in the vocational IT and multimedia training space, particularly strong in animation and VFX education (Arena Animation, MAAC). It competes with other established offline players, a multitude of smaller regional training centers, and increasingly, large online education providers and MOOC platforms. Aptech holds a strong brand recall and an extensive physical presence through its franchise network, giving it an advantage in reaching diverse geographies.

MOAT

Aptech possesses several competitive advantages:

Brand Recognition: Over three decades of operation have built strong brand equity, especially for Aptech, Arena Animation, and MAAC, making them preferred choices for vocational training.

Extensive Franchise Network: A wide network of training centers both domestically and internationally provides significant reach and distribution capabilities, which is challenging for new entrants to replicate quickly.

Industry Recognition & Alliances: Long-standing tie-ups with industry bodies and companies often lead to better placement opportunities for students and validation of its curriculum.

Specialized Curriculum: Expertise in niche areas like animation, VFX, and gaming provides a differentiated offering compared to general IT training providers.

Growth Drivers

Skill India Initiative & Government Focus: Government emphasis on skill development and vocational training aligns well with Aptech's offerings.

Digital Transformation & IT Upskilling: Continuous evolution of technology (AI, ML, Data Science, Cybersecurity) drives demand for new and updated skills, leading to demand for Aptech's specialized courses.

Growth of Animation/VFX Industry: The booming media and entertainment sector, particularly in animation, VFX, and gaming, directly fuels demand for Aptech's Arena Animation and MAAC programs.

Corporate Training Demand: Companies increasingly invest in upskilling their workforce to stay competitive, creating opportunities for Aptech's corporate training division.

International Expansion: Leveraging its experience to expand its franchise network and offerings in other developing markets.

Risks

Intense Competition: Growing competition from both offline (local players, other national chains) and online (Ed-tech startups, global MOOCs offering certifications) platforms can impact student enrollment and pricing power.

Rapid Technological Changes: The IT sector evolves quickly, requiring continuous and significant investment in curriculum updates, instructor training, and infrastructure to remain relevant. Failure to adapt can lead to obsolescence.

Economic Downturn: A slowdown in the economy can reduce disposable income for discretionary expenses like vocational training, impacting enrollments.

Franchise Management & Quality Control: Maintaining consistent quality and brand standards across a large, diverse franchisee network can be challenging.

Regulatory Changes: Changes in education policies or skill development initiatives by the government could impact operations.

Management & Ownership

Aptech Ltd. is significantly influenced by the promoter group associated with the late Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala, who hold a substantial stake. This promoter backing provides a degree of stability and strategic guidance. The company is professionally managed with a team responsible for operations, curriculum development, and strategic initiatives, leveraging their expertise in the education and training domain.

Outlook

Aptech Ltd. is positioned in a growing market for vocational and specialized IT education, driven by digital transformation and skill development needs. Its established brand, extensive franchise network, and expertise in niche areas like animation and VFX provide a strong foundation. However, the company faces significant challenges from a rapidly evolving technological landscape and intense competition from new-age ed-tech players and online learning platforms. Aptech's ability to continuously innovate its curriculum, enhance placement opportunities, and effectively leverage technology for blended learning will be crucial for sustaining growth and market leadership amidst these competitive pressures.

Aptech Share Price

Live · BSE / NSE · Inception: 2000
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Aptech Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 104 105 126 110 119 120 135 137 111 134
Other Income 5 3 5 4 4 5 4 3 4 4
Total Income 109 108 131 115 122 125 139 140 115 138
Total Expenditure 99 98 119 104 111 113 127 123 108 125
Operating Profit 9 10 13 11 11 12 12 17 7 13
Interest 0 0 0 0 0 0 1 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses -3 -1 -0 0 -0 -0 0 -2 0 0
Profit Before Tax 4 7 10 9 9 10 9 12 5 10
Provision for Tax 1 2 4 5 4 3 3 4 3 3
Profit After Tax 3 5 6 4 5 7 6 9 2 8
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 5 6 4 5 7 6 9 2 8
Adjusted Earnings Per Share 0.5 0.9 0.9 0.6 0.9 1.2 1.1 1.5 0.3 1.3

Aptech Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 163 212 229 209 158 118 226 457 437 460 503 517
Other Income 4 4 8 4 5 9 14 22 16 19 19 15
Total Income 167 217 237 213 163 127 241 479 453 479 523 532
Total Expenditure 143 183 205 179 122 104 188 390 395 434 475 483
Operating Profit 24 34 33 34 42 23 52 90 58 45 48 49
Interest 1 0 0 0 1 2 0 1 2 1 2 1
Depreciation 10 11 11 11 9 12 8 7 8 9 8 8
Exceptional Income / Expenses 0 0 16 0 0 0 0 0 -7 -1 -3 -2
Profit Before Tax 13 23 37 22 32 9 43 82 40 35 35 36
Provision for Tax 3 4 4 4 8 -3 -6 15 11 16 12 13
Profit After Tax 10 19 33 18 24 12 49 68 29 19 24 25
Adjustments -0 0 0 0 -11 0 0 0 0 0 0 0
Profit After Adjustments 10 19 33 18 14 12 49 68 29 19 24 25
Adjusted Earnings Per Share 1.8 3.5 5.9 3.3 2.4 2.2 8.5 11.7 5 3.3 4.1 4.2

Aptech Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 229 247 279 279 259 166 210 256 260 251 249
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 40 -10 -9 -11 -10 -19 -22 -25 -17 -24 -9
Total Current Liabilities 29 37 42 49 78 55 98 236 139 131 163
Total Liabilities 298 275 312 317 327 203 286 468 382 358 403
Fixed Assets 29 33 28 28 29 20 19 23 28 22 34
Other Non-Current Assets 190 137 148 150 153 45 55 96 47 23 93
Total Current Assets 79 105 136 139 145 138 213 350 307 313 275
Total Assets 298 275 312 317 327 203 286 468 382 358 403

Aptech Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 9 9 14 13 11 5 16 54 77 18 25
Cash Flow from Operating Activities 14 29 12 14 -10 41 45 99 -8 20 24
Cash Flow from Investing Activities -14 -24 2 0 22 -6 -1 -54 -24 16 8
Cash Flow from Financing Activities -0 -0 -14 -17 -18 -24 -6 -21 -28 -28 -30
Net Cash Inflow / Outflow 1 5 -0 -3 -6 11 38 24 -60 8 2
Closing Cash & Cash Equivalent 9 14 13 11 5 16 54 77 18 25 27

Aptech Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.82 3.46 5.89 3.26 2.4 2.15 8.54 11.67 5.01 3.29 4.06
CEPS(Rs) 3.68 5.38 7.9 5.19 5.89 4.34 9.97 12.8 6.45 4.76 5.44
DPS(Rs) 0.71 2.14 2.5 2.5 8 2.25 5 4.29 4.5 4.5 4.5
Book NAV/Share(Rs) 40.93 43.26 46.76 47.22 43.16 27.25 35.77 43.93 44.74 43.25 42.8
Core EBITDA Margin(%) 12.51 13.78 10.71 14.08 23.12 11.67 16.64 14.7 9.48 5.7 5.72
EBIT Margin(%) 8.33 10.77 16.18 10.93 20.81 8.99 19.37 18.18 9.7 7.8 7.43
Pre Tax Margin(%) 7.94 10.75 15.97 10.74 20.16 7.43 19.21 18 9.24 7.55 7.03
PAT Margin (%) 6.24 9.1 14.35 8.74 15.41 10.38 21.87 14.81 6.65 4.15 4.67
Cash Profit Margin (%) 12.57 14.15 19.26 13.89 20.99 20.94 25.54 16.24 8.56 6 6.27
ROA(%) 3.44 6.74 11.2 5.79 7.56 4.63 20.23 17.95 6.83 5.15 6.18
ROE(%) 4.51 8.21 13.08 6.94 9.61 6.15 27.3 29.32 11.3 7.48 9.43
ROCE(%) 6.03 9.6 14.08 8.17 11.74 4.74 23.28 35.63 16.41 14.04 14.97
Receivable days 82.57 70.59 82.22 114.22 164.95 206.42 107.22 51.47 43.09 33.05 37.32
Inventory Days 5.85 2.64 1.37 2.12 4.17 5.53 2.34 0.97 1.01 0.75 0.4
Payable days 0 1592.86 1742.83 1992.59 1996.05 5975.5 5541.9 0 0 6235.43 0
PER(x) 22.66 47.54 31.33 38.67 24.98 61.92 28.43 20.87 46.3 35.61 17.31
Price/Book(x) 1.01 3.8 3.94 2.67 1.39 4.89 6.79 5.55 5.18 2.71 1.64
Dividend Yield(%) 1.73 1.3 1.36 1.98 9.55 1.21 1.47 1.76 1.94 3.84 6.41
EV/Net Sales(x) 1.21 4.19 4.3 3.18 2.2 6.23 5.93 2.89 3.02 1.41 0.74
EV/Core EBITDA(x) 8.24 26.47 30.1 19.77 8.32 31.88 25.74 14.76 22.81 14.31 7.74
Net Sales Growth(%) -4.2 29.91 7.99 -8.99 -24.17 -45.54 91.48 102.09 -4.4 5.33 9.42
EBIT Growth(%) -31.84 67.99 62.18 -38.51 44.4 -42.73 312.6 89.64 -48.97 -15.29 4.26
PAT Growth(%) -35 89.38 70.29 -44.57 33.74 -9.23 303.25 36.92 -57.09 -34.31 23.3
EPS Growth(%) -35.01 89.83 70.29 -44.57 -26.54 -10.16 296.67 36.68 -57.1 -34.31 23.29
Debt/Equity(x) 0 0 0 0 0.09 0 0 0 0 0 0
Current Ratio(x) 2.69 2.86 3.21 2.81 1.86 2.52 2.17 1.48 2.21 2.39 1.69
Quick Ratio(x) 2.62 2.84 3.19 2.78 1.84 2.49 2.15 1.48 2.2 2.38 1.68
Interest Cover(x) 21.36 556.1 76.63 58.76 32.05 5.78 118.49 105.48 21.06 31.11 18.58
Total Debt/Mcap(x) 0 0 0 0 0.07 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +9% +3% +34% +12%
Operating Profit CAGR +7% -19% +16% +7%
PAT CAGR +26% -29% +15% +9%
Share Price CAGR -28% -32% -17% -3%
ROE Average +9% +9% +17% +12%
ROCE Average +15% +15% +21% +14%

Aptech Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 47.35 %
FII 0.46 %
DII (MF + Insurance) 0.57 %
Public (retail) 51.62 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 47.3647.3647.3647.3547.3547.3547.3547.3547.3547.35
FII 0.490.40.480.470.40.410.390.580.660.46
DII 2.113.263.182.942.942.942.381.211.20.57
Public 50.0448.9848.9849.2449.3149.349.8750.8650.851.62
Others 0000000000
Total 100100100100100100100100100100

Aptech Peer Comparison

IT - Education Edit Columns

Aptech Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Aptech Pros & Cons

Pros

  • Debtor days have improved from 6235.43 to 0days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 47.35%.
  • Company has a low return on equity of 9% over the last 3 years.
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