Aptus Value Housing : Is valuation justified or just another HFC?

[nav_1996]

One can get similar but HFC at 0.7 book, so basically one tenth valuation of this company.

Check thread on Repco

REPCO home finance

This stock looks very interesting at current levels. Valued at 0.7 BV and 6 forward PE. With covid situation under control, asset quality and growth should improve from here. A low cost housing company for informal sector and a quasi PSU (like CanFin, LIC Housing and GIC housing) makes it very interesting play. They have managed their books very well across two very bad cycles of demonatization (hit informal sector really hard which forms majority of their customers) and covid (again informal…