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Partner With Us NRI

Dec 09, 2021 11:59 AM


430.00
722.00
-
-
CMP
596.30
619.90
CMP
12.74
27.00
8,155.02
2,637,971

Company Profile

16.76
29.99%
212.5248
9.64%
18.15%
Description

Can Fin Homes Limited (CFHL) is a key player engaged in the business of housing finance in India and one of the few Institutions permitted by the Regulator, National Housing Bank (NHB, to accept deposits. The Company offers a range of products on housing such as, loans for home purchase, home construction, home improvement / extension, site purchase, as well as non-housing finance. It has a pan-India presence with 154 branches, 21 Affordable Housing Loan Centres & 14 Satellite Offices spread across 21 states and union territories. The Company has been offering a range of loan products including housing loans as well as non-housing loans, at competitive interest rates, to its customer`s especially salaried and professional personnel. The company is the first and the biggest bank sponsored Housing Finance Company in the country and one among the top players in the country`s housing finance sector. They are one among the four housing finance company selected by NHB in their first phase of securitization programme. They enjoy 5 Star rating from NHB for the purpose of refinance. Can Fin Homes Ltd was incorporated on October 29, 1987 by Canara Bank in association with reputed financial institutions including HDFC and UTI. The company was set up in Bangalore with the mission of promoting Home Ownership and increasing Housing Stock all over the country. In the year 1992, the company opened a branch at Bhubaneshwar in the state of Orissa. In the year 1993, they opened a branch at Lucknow in the state of Uttar Pradesh. Also, they introduced scheme called `In-Principle Sanction`. In the year 1997, the company opened new branches at Ahmedabad, Chandigarh, Cochin and Patna. In the year 1999, they introduced a new deposit scheme called `Abhivridhi Deposit scheme` the deposit amount gets doubled in 65 months. The company was selected by National Housing Bank as one of the participants in the pilot issue of mobilization of resources through Mortgage Backed Securities. Also, they launched an Interactive Website, www.canfinhomes.com providing relevant information to the aspirants to own a Home, apart from details of deposit schemes of the company etc. In the year 2001, National Housing Bank (NHB) signed a pact with the company and LIC Housing Finance Ltd for their second round of securitization for housing loans worth Rs 137.63 crore. In the year 2003, the company unveiled Can Fin Home Loan Fair in Kerala. In the year 2004, they launched a new product, Personal Loan Scheme, for existing borrowers. In the year 2005, they set up a new branch office at Hyderabad. During the year 2008-09, Canara Bank, the sponsor bank of the company acquired through secondary market 1,023,772 Nos of equity shares in the company aggregating to 5% (approx) of the total shares/ voting rights. The share holding by Canara Bank as at the end of the year was 40.35%. During the year 2009-10, Canara Bank, the sponsor bank of the company acquired through secondary market 400,017 Nos of equity shares in the company aggregating to 1.95% (approx) of the total shares/ voting rights. The share holding by Canara Bank as at the end of the year was 42.332%. During the year 2013-14, 14 new branches (10 in South and 04 in other regions) were opened by the Company in different states across the country, located in major cities, taking the total number of branches to 83 against 69 branches as at the end of previous year. During the FY 2014-15, 24 new branches were opened by the Company in different states across the country, taking the total number of branches to 107. The Company introduced the concept of Satellite Offices` by which many branches in metropolitan/tier-II cities can source business from additional locations (within 30 km radius of main branch) apart from providing doorstep service to existing/potential customers with lower operating costs considering the smaller unit size. With due consideration to the views expressed by the Members of the Company at the previous Annual General Meetings, the confidence reposed by members in the Company, business growth and the need to induce capital to meet Capital Adequacy Requirements, the Company issued 61,45,575 equity shares of face value of Rs 10/- each for cash at Rs 450 each (including a premium of Rs 440 per share), in consultation with the issue`s Lead Managers. The issue has been fully subscribed and your Company raised/received Rs. 276.07 crore and accounted Rs. 273.39 crore as capital (less issue expenses of Rs. 2.68 crore) on 13 March 2015. During FY15-16, the Company in different States across the country, taking the total number of branches to 110. Besides, it opened 20 new Satellite Offices across the country in FY 15-16 to take the tally of Satellite Offices from 10 to 30 as on March 31, 2016. The total number of branches / satellite offices as on March 31, 2016 stood at 140. For the year FY 16-17, the Company has envisaged opening branches/satellite offices in 35 locations, out of which 27 branches/satellite offices were opened on a single day viz., on April 21, 2016 and another 3 branches in May 2016. As at the end of FY16-17, CFHL has an expanded network of 170 outlets spread across 19 states comprising 124 branches, 10 AHLCs and 36 Satellite Offices. CFHL became the first HFC to start exclusive Affordable Housing Loan Centres in sync with the Housing for all` initiative by the Government. Canara Bank, following RBI instructions, sold a portion of their stake (13.45%) to M/s Calladium Investments Pte, Limited (an affiliate of GIC Singapore) holding 30.57% stake as at the end of the FY2016-17. During FY18, 9 new branches and 4 satellite offices were opened and 10 Satellite offices were upgraded to Affordable Housing Loan Centres (AHLCs), which exclusively provide smaller ticket size Loans under Credit Linked Subsidy Scheme (CLSS)(Pradhan Mantri Awas Yojana), Loans under Urban Housing (LUH) and Loans under Rural Housing (LRH) schemes. Under this initiative, the second tranche of 10 AHLCs were opened during FY18 by upgrading existing satellite offices. As at the end of FY18, the Company has an expanded network of 173 outlets spread across 19 states comprising 133 branches, 20 AHLCs and 20 Satellite Offices. During FY19, 22 new branches were opened and 1 Satellite Office was upgraded to Affordable Housing Loan Centre (AHLC), for exclusively providing smaller ticket size Loans under Credit Linked Subsidy Scheme (CLSS) (Pradhan Mantri Awas Yojana), Loans under Urban Housing (LUH) and Loans under Rural Housing (LRH) schemes. As at the end of FY19, the Company has an expanded network of 189 outlets spread across 21 states comprising 154 branches, 21 AHLCs and 14 Satellite Offices.

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TECHNO FUNDA

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Top 5 comparision

Company Price % Change M Cap(Cr) Revenue(TTM) Net Profit(TTM) PE(TTM) Action
Can Fin Homes Ltd 612.45 4.23 8155.0167 2018.14 456.06 16.76 BUY SELL SIP
Housing Development Finance Corporation Ltd 2846.5 -0.23 514706.9765 139033.99 20487.55 24.79 BUY SELL SIP
Bajaj Finance Ltd 7435 1 448772.139 26672.87 4419.82 89.32 BUY SELL SIP
Bajaj Finserv Ltd 17684.9 0.36 281432.1931 60591.52 7367.38 66.39 BUY SELL SIP
SBI Cards & Payment Services Ltd 966.05 -5.06 90924.2396 9300.57 984.52 92.73 BUY SELL SIP

Return Calculator

Investment Type

SIP Lumpsum

Company

Period (Months)

Amount

Financials

  • Profit and loss statement
  • Balance sheet
  • Quarterly Result
  • Ratio

Insider & Instituional activity

Equity Capital: 17,899.62 Cr FV: 2.00
MF FII
Period Bought Sold Bought Sold
LAST 1M 92,723.66 67,410.59 231,395.21 247,549.37
LAST 3M 306,974.45 268,594.22 409,129.29 444,020.85
LAST 6M 586,994.51 505,695.85 1,109,541.08 1,139,874.27
LAST 12M 1,031,870.07 987,866.06 2,206,379.98 2,142,161.04
  • Company Info

Company Info:

Can Fin Homes Limited (CFHL) is a key player engaged in the business of housing finance in India and one of the few Institutions permitted by the Regu... Read More


Products

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Registered Address:

29/1 Sir M N Krishna Rao Road, 1st Floor Basavanagudi, Bangaluru, Karnataka, 560004

Tel : 91-080-41261144/26564259
Email : compsec:canfinhomes.com
Website : http://www.canfinhomes.com

Registrar

Canbank Computer Services Ltd

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No Data Found

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