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Can Fin Homes Ltd share Price Today

Company details

762.70
786.80
550.80
909.80
6M Return 4.14%
1Y Return 37.54%
Mkt Cap.(Cr) 10,431.28
Volume 241,789
Div Yield 0.45%
OI
-
OI Chg %
-
Volume 241,789

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Healthy performance; outlook remains encouraging…
About The Stock

    CanFin Homes (CFHL) was promoted by Canara Bank in 1987, with ~30% stake as of March 2023. The HFC has a presence in 205 locations across 21 states and union territories (UTs).

    • Housing loans comprise ~90% of book; of which ~73% is to salaried customers
    • Average ticket size is ₹ 25 lakh for housing, ₹ 8 lakh for non-housing loans
Q4FY23

    CanFin Homes reported a healthy performance.

    • Loan growth at 18.2% YoY wherein housing loans were up 17.5% YoY
    • NII up 10% YoY, NIMs down 10 bps at 3.4% due to lag in rate transmission
    • PAT up 34.9% YoY at ₹ 166 crore; GNPA steady at 0.6% QoQ

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Research view on more stocks

Housing Finance company Can Fin Homes announced Q2FY24 results:

1. Financial Performance Highlights:
- Net Interest Income of Rs 316.77 crore
- Operating Profit of Rs 270.18 crore
- PBT of Rs 197.99 crore
- PAT of Rs 158.07 crore
- ROE of 15.96%
- EPS of Rs 11.87

2. Digital Transformation and Initiatives:
- Leveraging digital tools and technologies for seamless customer service
- Emphasis on automation and digitization of processes
- Strengthening digital capabilities for fraud control and customer data protection

3. Branch Network and Geographical Spread:
- Pan-India presence with 175 branches, 21 Affordable Housing Loan Centers, and 12 Satellite Offices
- Geographical reach across 21 States/Union Territories

4. Asset Quality and Risk Management:
- Gross NPA of 0.76% and Net NPA of 0.43%
- Proactive risk management measures and provision coverage ratio

5. Funding and Borrowings:
- Well-diversified funding mix including banks, NHB, NCDs, and CP deposits
- Total borrowings of Rs 30,628 crore

6. Strategic Initiatives and Action Taken:
- Focus on strengthening risk management through RCSA and fraud control unit augmentation
- Implementation of software for outsourced activities and online reconciliation
- Branch expansion and market penetration efforts

 

 

Result PDF

View Other Company Results

Can Fin Homes Ltd shares SWOT Analysis

Strengths (8)

  • Company with high TTM EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (4)

  • Red Flag: High Interest Payments Compared to Earnings
  • Companies with High Debt
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Decrease in Provision in recent results

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 804.9
R2 824.1
R3 834.5
Pivot

794.53

S1 775.4
S2 765.0
S3 745.8
EMA SMA
781.4
777.3
773.2
750.0
763.7
783.2
778.6
770.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-03 479.8 350438 NSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-03 479.8 46189 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-03 479.8 350438 NSE
Name Category Shares
CANARA BANK - MUMBAI PROMOTER 29.99%

OUR RESEARCH VIEW

Investment recommendation
Healthy performance; outlook remains encouraging…
Call Date
02 May 2023
Entry Price 616.00
Target Price 730.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Can Fin Homes Ltd Stocks COMPARISON

Financials( in Cr) Can Fin Homes Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 783.40 7,173.75 1,679.35 356.95 141.05
% Change -0.30 -0.77 -1.14 -4.10 -2.92
Mcap Cr 10,431.28 443,354.25 267,938.45 226,780.47 184,331.28
Revenue TTM Cr 1,987.83 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 471.11 11,507.69 12,209.54 31.25 6,337.01
PE TTM 14.79 32.45 34.74 0.00 31.46
1 Year Return 37.54 22.48 27.07 43.41 415.72
ROCE 7.21 11.76 12.69 0.03 5.32
ROE 16.60 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,066.62 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,235.36 6,962.55
LAST 3M 82,992.21 54,903.33
LAST 6M 132,133.63 84,033.60
LAST 12M 206,189.80 211,987.34

Can Fin Homes Ltd Information

Stock PE (TTM)
14.79
Promoter Holding
29.99%
Book Value
297.4992
ROCE
7.21%
ROE
16.6%
Description
  • Can Fin Homes Ltd. (CFHL), is a leading housing finance institution approved by National Housing Bank (NHB), the apex authority of housing in the country. The Company offer housing loans for individual homes and affordable housing along with composite, and top-up loans. It offers non-housing loans including mortgage loans, site loans, loans for commercial properties, personal loans, and education loans. It accepts Fixed and Cumulative Deposits, as per the rules of the National Housing Bank (NHB). The Company has a pan India presence with 172 Branches, 21 Affordable Housing Loan Centres and 12 Satellite Offices spread over 21 States and Union Territories. The Company is a key player in Housing Finance Sector in India and one of the few institutions permitted by the Regulator NHB to accept Public Deposits. It is presently extending Housing Loans and Mortgage Loans at competitive interest rates both to Salaried and SENP category of borrowers, designed to cater to their individual needs. 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. During the year 2019, CFHL added 9 branches at Ballari, Mancherial, Pollachi, Thanjavur, Srikakulam, Theni, Hoskote, Haveri and Solapur. During FY21, due to Covid-19 related restrictions, only 4 new branches were opened. At the end of FY`21, Company has an expanded network of 200 branches spread across 21 states comprising 186 branches and 14 Satellite Offices. In FY`22, only 4 new branches were opened and Yeshwanthpur (Bengaluru) Satellite office got upgraded as a branch. As at the end of FY`22, Company has an expanded network of 200 branches spread across 21 states comprising 187 branches and 13 Satellite Offices. During FY 2022-23, the Company opened five new branches and upgraded Vidyaranyapura Satellite office as a branch. As at the end of FY` 23, Company has an expanded network of 205 branches spread across 21 states comprising 172 branches and 12 Satellite Offices. The two western regions of India, namely Mumbai Metropolitan Region (MMR) and Pune, emerged as the leading cities in terms of real estate sales among the top seven cities, accounting for more than 48% of the total sales. Additionally, the number of new launches across the top seven cities exceeded 100,000 units. During FY` 23, the Company`s Loan Book Portfolio stood at Rs 31,563 crore. The borrowings of the Company as of March 31, 2023, stood at Rs. 29068 crore. The Gross NPA of Company as at March 31, 2023 was Rs 173.85 Crore.

Registered Address

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

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

Canbank Computer Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 511196
NSE Code : CANFINHOME
Book Closure Date (Month) :
BSE Group : A
ISIN : INE477A01020

FAQ’s on Can Fin Homes Ltd Shares

You can buy Can Fin Homes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Can Fin Homes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 15, 2024 11:59 AM the closing price of Can Fin Homes Ltd was ₹ 783.40.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 15, 2024 11:59 AM, the market cap of Can Fin Homes Ltd stood at ₹ 10,431.28.

The latest PE ratio of Can Fin Homes Ltd as of Apr 15, 2024 11:59 AM is 14.79

The latest PB ratio of Can Fin Homes Ltd as of Apr 15, 2024 11:59 AM is 0.38

The 52-week high of Can Fin Homes Ltd share price is ₹ 909.80 while the 52-week low is ₹ 550.80

According to analyst recommendations, Can Fin Homes Ltd Share has a “Buy” rating for the long term.

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