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Can Fin Homes Ltd Stock Analysis

Mid Cap
Evaluated by 3023 users | BSE: 511196 | NSE: CANFINHOME |
Finance - Housing

Can Fin Homes Ltd is one of the top players in the housing finance sector, in the country. The Company has completed many successful years of operation in the field of home finance and has a renowned history of making profits and paying dividends...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Can Fin Homes Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Operating Income (Rs. Cr.)2312863925788161,0831,3531,5181,7272,030
Y-o-Y Gr. Rt.-23.7%37.2%47.2%41.3%32.7%24.9%12.2%13.8%17.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
3.773.924.856.796.4811.817.6821.4922.2928.25
Y-o-Y Gr. Rt.-4%23.7%40%-4.6%82.1%49.8%21.6%3.7%26.7%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
27.8931.1735.1740.5757.9665.9780.86111.67133.84161.47
Y-o-Y Gr. Rt.-11.8%12.8%15.4%42.9%13.8%22.6%38.1%19.9%20.6%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1: Not Good
Net Profit/Total Funds (%)1.891.761.61.521.211.651.951.971.721.89
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Can Fin Homes Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income27.3%20%14.5%17.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
25.1%34.2%16.9%26.7%
Book Value per Share
21.6%22.7%25.9%20.6%
Share Price 44% 17.2% 9% 74.4%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Asset Quality Ratio
To view Asset Quality Ratio Colour Rating Guide click here
Asset Quality Ratio: Colour Rating Guide
  • <0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1 : Not Good
Net NPA to Net Advances (%)00000000.20.430.54
Capitalization Ratio
To view Capitalization Ratio Colour Rating Guide click here
Capitalization Ratio: Colour Rating Guide
  • >14% : Very Good
  • 12%-14% : Somewhat Good
  • <12% : Not Good
Capital Adequacy Ratio (%)19.1417.4415.413.8418.3920.6918.519.0816.4422.26
Margins
Net Profit Margin (%) 18.1715.313.7913.110.5714.5117.3918.8617.1818.52
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 14.3413.2914.6317.9314.0919.0524.0822.3318.1519.13
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 29.99%
Institutions 17.38%
Non-Institutions 52.63%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Can Fin Homes Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Can Fin Homes Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Can Fin Homes Ltd's performance infers:

Can Fin Homes Ltd earnings have grown by 34.2%, whereas share price has appreciated 17.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Can Fin Homes Ltd share prices over the last 10 years. Here is what we found out:

Can Fin Homes Ltd share price has appreciated 38.3% annually over the past ten years.

Can Fin Homes Ltd is one of the top players in the housing finance sector, in the country. The Company has completed many successful years of operation in the field of home finance and has a renowned history of making profits and paying dividends continuously, since inception in 1987.

The company has several branches and satellite offices linked to the Registered Office at Bangalore through a core banking platform.

Can Fin Homes Ltd is one of the top players in the housing finance sector, in the country. The Company has completed many successful years of operation in the field of home finance and has a renowned history of making profits and paying dividends continuously, since inception in 1987.

The company has several branches and satellite offices linked to the Registered Office at Bangalore through a core banking platform. Being a south based company, 70% of its branches are located in southern India.

Since its inception in 1987, the company continues to promote home ownership across the country with the motto of friendship finance and good service. The company has been progressively working towards its vision of sustaining high asset quality, business growth and favourable profit margins.

Business area of the company

Can Fin Homes is a Housing Finance Company offers finance for construction of a house, loan for the purchase of a flat or house, finance for the acquisition of a plot and construction of a house on the same. Under the composite housing loan scheme; it offers loan for the extension of existing house and loan towards the repairs, renovation and upgradation of a house or flat. Can Fin also provides offers fixed deposit, cumulative deposit, fixed deposit scheme for senior citizens, cumulative deposit scheme for senior citizens, Canfin Trust Fixed Deposit scheme and Canfin Trust Cumulative Deposit scheme. 

Milestones

  • 1987: 1st branch of CFHL inaugurated at Jayanagar, Bangalore on 26th Dec
  • 1988: Opened fist branch outside South India at Delhi
  • 1991: The company’s loan book size crossed Rs 100 crore
  • 2012: Completed 25 Years
  • 2012: Disbursements crossed Rs 1000 crore
  • 2012: 50th Branch of Can Fin opened at NCR-Pitampura
  • 2013:  Migrated to CBS platform (Integrated Business Suite) Loan Book size crossed 10,000 crore
  • 2014: Operating Profit crossed Rs 100 crore
  • 2014: 100th Branch of Can Fin at Begur, B’lore inaugurated on 5th July
  • 2014: Opened first Satellite Office ISO) at Yelahanka (have 36 SOs now)
  • 2014: Received AAA Rating for loans/NCDs, Al for CP
  • 2015: Net Profit surpassed Rs.I00 crore mark
  • 2015: Raised Rs.276 crore capital under Rights Issue (March 2015)
  • 2015: Became a mid-cap stock (Rs 1000 crore mCap)
  • 2015: Became a mid-cap stock (Rs 1000 crore mCap)
  • 2015: The company’s Share price crossed Rs 1000 on stock exchanges on 9th Oct 2015
  • 2016: Loon Book surpassed 10,000 crore mark on 31st Jan 2016
  • 2016: mCap crossed Rs 3000 crore as on 31st March
  • 2016: Opened 120th Branch & 50th Satellite Office during Apr-May
  • 2017: Can Fin Homes enters 30th year of its service to the society
  • 2017: Loan Book ahead of Rs.3000 crore (as at mar 17)
  • 2017: Fresh approvals crossed Rs.5000 crore matt for the FY
  • 2017: The HFC which was least affected by Demonetisation
  • 2017: Crossed outstanding clientele base of 1,00,000 for the first time
  • 2017: Opened 15 Affordable Housing Loan Centres (AHLC)
  • 2018: Runner-up in NBFC category FY17 by FE India's Best Banks Awards 2018
  • 2018: Foray into distribution of fife Insurance products through Corporate Agency
  • 2018: Can Fin Homes made its foray into the states of Punjab and West Bengal
  • 2019: Loan Book crossed the Rs.19003 crore mark
  • 2019: Foray into distribution of general insurance products through Corporate Agency
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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