Aptus currently has very high capital and its current CRAR is 80%. Company currently growing its book at 30% and doing RoE of 15%, So to support remaining 15% growth capital is needed. In my personal opinion i feel 80% to too high and even with growth in mind 50% is enough. But management knows that CRAR for them is higher even before IPO and still they went on to raise fresh capital of 500 Cr and 1 year later giving back as dividend. Need to see, if current dividend is one time event or recurring dividends
Subscribe To Our Free Newsletter |