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73% Buy

Can Fin Homes Share Price

CANFINHOME

₹758.35+₹0.60 (0.08%) TodayLast updated on 18 May, 2024 | 12:44 PM IST
₹755.15₹764.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹10,090 Cr

Open

₹763.45

Close

₹757.75

Circuit range

₹795.60 - ₹719.90

Day range

₹755.15 - ₹764.00

Year range

₹651.00 - ₹909.80

Volume

23,441

Avg. traded

₹758.90

Revenue (12m)

₹3,523 Cr

Can Fin Homes

Can Fin Homes Limited is an Indian housing finance company that provides financing solutions. These include loans for the construction of houses, purchasing flats as well as financing for acquiring plots and building homes on them.

Can Fin Homes Ltd was promoted by Canara Bank and was established in 1987. It was the first housing finance company launched by a nationalised bank in India. The first shareholders were Canara Bank, Can Bank Financial Services, HDFC and UTI.

The market capitalisation of Can Fin Homes Limited stood at over ₹10,300 crore as of December 27, 2023. Can fin Homes share price has gained nearly 60% in the last three years

Business operations

Can Fin Homes Limited (CFHL) focuses on housing loans to individuals. Close to 89% of its loan book is allocated for housing and 11% for non-housing purposes. Its primary clients are people from the low and middle-income groups as well as first-time home buyers. Canfin Homes also gives loans for expanding existing houses and for repairs, renovations and upgrades through the composite housing loan scheme.

The company also offers fixed deposits, cumulative deposits, special schemes for senior citizens and many other products.

Canfin Homes has 24 housing loan and non-housing loan products in total. It concentrates on retail lending, with an average loan size of approximately ₹18 lakh for housing loans and ₹9 lakh for non-housing loans.

The company also offers loans through the credit link subsidy scheme (CLSS) for the low-income group (LIG) and middle-income group (MIG) categories under the Pradhan Mantri Awas Yojana. It has also established Affordable Housing Centers dedicated to providing loans to LIG and MIG category people.

Canfin Homes collaborates with Canara HSBC OBC Life Insurance Co. Ltd to provide life insurance products for customers. It has also teamed up with Bajaj Allianz General Insurance Co Ltd to distribute insurance products like motor, travel, property, personal accident, marine and liability insurance policies. These services are approved by the Insurance Regulatory and Development Authority of India.

Based in Bengaluru, the company operates through 13 clusters across India. It has 172 branches, 21 affordable housing loan centres and 12 satellite offices. Canfin Homes has 205 outlets across more than 100 cities in 21 states and Union territories. Around 64% of the branch network operates in the South, while the remaining 36% are situated in the northern, western and eastern regions of India. The southern branches contribute to approximately 71% of the loan book portfolio as of March 31, 2023.

Canfin Homes implements an offsite transaction monitoring system (OTMS) to oversee sensitive online transactions and gain real-time access to information. It has a workforce of over 820 people and employs direct selling agents across India. The company has a centralised processing centre and a centralised collection centre in Bengaluru.

Financial highlights

  • Total revenue from operations for FY23 stood at ₹2,742 crore, up 37.9% from ₹1,987.83 crore in the FY22.
  • The company reported a profit of ₹621.21 crore in FY23 as against ₹471 crore in FY22.
  • In FY23, the earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹2,537.35 crore from the previous year's ₹1798.37 crore.
  • The earnings per share (EPS) stood at ₹46.65 in FY23 compared to ₹35.38 in the previous financial year.

Can Fin Homes Key indicators

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52 week high

₹909.80

52 week low

₹651.00

P/E ratio

13.44

P/B ratio

2.26

ROE

18.51%

ROCE

8.36%

Dividend yield

0.81%

Debt/Equity ratio

7.97

EPS

46.65

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Investment checklist: (4/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

73%

Hold

20%

Sell

7%

This analysis is based on the reviews of 15 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

92.56%

Net profit margin

22.66%

ROE

18.51%

ROA

2.04%

ROCE

8.36%

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Can Fin Homes Shareholder returns

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1 day

-0.33%

1 week

+3.10%

1 month

-0.97%

3 months

-6.13%

1 year

+13.00%

3 years

+48.14%

5 years

+136.83%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Can Fin Homes Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (29.99%)

Mutual Funds (24.96%)

Retail and other (30.61%)

Foreign institutions-FII (11.51%)

Other domestic institutions (2.93%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹2/share

    Ex date 29 Dec 2023

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  • Dividend • ₹2/share

    Ex date 30 Jun 2023

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  • Dividend • ₹1.5/share

    Ex date 08 Dec 2022

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  • Dividend • ₹1.5/share

    Ex date 18 Aug 2022

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  • Dividend • ₹1.5/share

    Ex date 23 Dec 2021

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  • Dividend • ₹4/share

    Ex date

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Frequently asked questions