APTECHT
Aptech financials
- Market cap
- ₹512 Cr
- Sector
- Consumer Services
What Aptech does
Aptech operates two segments: a Retail (B2C) business that trains individual students through multi-brand centres such as Arena Animation, MAAC, Lakmé Academy Powered by Aptech, Aptech Learning and Aptech Aviation Academy, earning course, start-up and renewal fees; and an Institutional Business (B2B/B2G) that delivers assessment, testing, training and certification services under contracts with government departments, corporates and autonomous bodies. Centres are largely run through an asset-light, partner/franchise-led model rather than company-owned outlets. The company also runs The Virtual Production Academy (Mumbai) and an international retail network under master-franchisee, direct-franchisee and blended arrangements.
Segments
- Retail (Individual/B2C training)
- Institutional Business (B2B/B2G)
- Domestic training centres
- 570 (across 26 states/UTs, 173 cities)
- International training centres
- 177+ across 16 countries
- Students trained worldwide
- 7.5+ million
- Students tested (institutional assessments)
- 20+ million
- Arena Animation footprint
- 169 centres, 24 states/UTs, 93 cities
- Lakmé Academy Powered by Aptech footprint
- 172 centres, 25 states/UTs, 105 cities
Quarterly results
Q1 FY27: revenue up 11.1%, net profit up 13.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 127 | 110 | 119 | 120 | 135 +7% | 137 +24% | 111 −6% | 134 +11% |
| EBITDA | 8 | 6 | 8 | 7 | 8 −2% | 14 +112% | 3 −62% | 9 +24% |
| Net profit | 6 | 4 | 5 | 7 | 6 +17% | 9 +139% | 2 −64% | 8 +14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −32.6% 1Y
1Y: ₹130.91 on 10 Sept 2025 → ₹88.2. High ₹131.43 (11 Sept 2025), low ₹70.21 (30 Mar 2026).
Financials, as filed
Revenue grew 3.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 6.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹457 Cr | ₹437 Cr | ₹460 Cr | ₹503 Cr |
| Operating profit | ₹76 Cr | ₹41 Cr | ₹29 Cr | ₹32 Cr |
| Operating margin | 16.6% | 9.5% | 6.3% | 6.3% |
| Interest | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Depreciation | ₹7 Cr | ₹8 Cr | ₹9 Cr | ₹8 Cr |
| Net profit | ₹68 Cr | ₹29 Cr | ₹19 Cr | ₹24 Cr |
| Net margin | 14.8% | 6.6% | 4.1% | 4.7% |
| Cash from operations | ₹99 Cr | ₹-8 Cr | ₹20 Cr | ₹24 Cr |
| Free cash flow | ₹92 Cr | ₹-22 Cr | ₹13 Cr | ₹21 Cr |
| ROCE | 35.0% | 19.0% | 14.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹41 Cr | ₹41 Cr | ₹41 Cr | ₹58 Cr | ₹58 Cr | ₹58 Cr |
| Reserves | ₹126 Cr | ₹169 Cr | ₹215 Cr | ₹202 Cr | ₹180 Cr | ₹191 Cr |
| Borrowings | ₹2 Cr | ₹0 Cr | ₹7 Cr | ₹8 Cr | ₹14 Cr | ₹13 Cr |
| Other liabilities | ₹56 Cr | ₹101 Cr | ₹218 Cr | ₹140 Cr | ₹161 Cr | ₹167 Cr |
| Total liabilities | ₹224 Cr | ₹311 Cr | ₹481 Cr | ₹409 Cr | ₹412 Cr | ₹428 Cr |
| Fixed assets | ₹20 Cr | ₹19 Cr | ₹23 Cr | ₹28 Cr | ₹36 Cr | ₹34 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹24 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹3 Cr | ₹2 Cr |
| Other assets | ₹179 Cr | ₹269 Cr | ₹433 Cr | ₹354 Cr | ₹373 Cr | ₹391 Cr |
| Total assets | ₹224 Cr | ₹311 Cr | ₹481 Cr | ₹409 Cr | ₹412 Cr | ₹428 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −2.37 pp while the public added +2.32 pp. The shareholder count shrank 16% to 83,261.
- Promoters
- 47.4%
- FIIs
- 0.5%
- DIIs
- 0.6%
- Public
- 51.6%
Since Jun 2025
- DIIs −2.37 pp
- Public +2.32 pp
- FIIs +0.04 pp
How it drifted, 12 quarters
Over this window the public went from 46.2% to 51.6% — +5.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 47.4%, FIIs 5.3%, DIIs 1.1%, Public 46.2%.Dec '23: Promoters 47.4%, FIIs 1.5%, DIIs 1.1%, Public 50.0%.Mar '24: Promoters 47.4%, FIIs 0.5%, DIIs 2.1%, Public 50.0%.Jun '24: Promoters 47.4%, FIIs 0.4%, DIIs 3.3%, Public 49.0%.Sep '24: Promoters 47.4%, FIIs 0.5%, DIIs 3.2%, Public 49.0%.Dec '24: Promoters 47.4%, FIIs 0.5%, DIIs 3.0%, Public 49.2%.Mar '25: Promoters 47.4%, FIIs 0.4%, DIIs 3.0%, Public 49.3%.Jun '25: Promoters 47.4%, FIIs 0.4%, DIIs 3.0%, Public 49.3%.Sep '25: Promoters 47.4%, FIIs 0.4%, DIIs 2.4%, Public 49.9%.Dec '25: Promoters 47.4%, FIIs 0.6%, DIIs 1.2%, Public 50.9%.Mar '26: Promoters 47.4%, FIIs 0.7%, DIIs 1.2%, Public 50.8%.Jun '26: Promoters 47.4%, FIIs 0.5%, DIIs 0.6%, Public 51.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rekha Jhunjhunwala - 2 +1.05 pp 11.04% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aptech above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rare Equity Private Limited | 20.38% | unchanged |
| Rekha Jhunjhunwala - 2 | 11.04% | +1.05 pp |
| Gopikishan Shivkishan Damani | 3.03% | unchanged |
| Utpal H Sheth | 1.57% | unchanged |
| Chartered Finance & Leasing Limited | 1.27% | unchanged |
| Iepf | 1.14% | unchanged |
| Madhusudan Murlidhar Kela .. | 1.06% | unchanged |
| Amit Goela | 0.74% | unchanged |
| Rajeshkumar Radheshyam Jhunjhunwala | 0.60% | unchanged |
| (Late) Jhunjhunwala Rakesh Radheshyam | 0.00% | unchanged |
| Sushiladevi Purshottam Gupta | 0.00% | unchanged |
| Rekha Jhunjhunwala | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Aptech
Guides on how to read this kind of business and the numbers that matter.