Can Fin Homes Ltd

About [ edit ]

Can Fin Homes Ltd. is a public deposit-taking housing finance company promoted by Canara Bank in 1987, It focuses on funding to low & middle group individuals & first-time homebuyers preferably salaried or professional. However, since 2014 it is also increasing exposure to self-employed professionals & non-professionals. #

Key Points [ edit ]
  • Market Cap 6,961 Cr.
  • Current Price 523
  • High / Low 620 / 267
  • Stock P/E 15.3
  • Book Value 196
  • Dividend Yield 0.38 %
  • ROCE 8.52 %
  • ROE 19.2 %
  • Face Value 2.00

Pros

  • Company's median sales growth is 23.77% of last 10 years

Cons

  • Stock is trading at 2.67 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 29.99%
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Finance Industry: Finance - Housing

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Revenue 401 420 443 462 484 500 517 529 522 526 503 467
Interest 270 284 302 314 329 338 340 337 331 313 289 275
19 17 21 32 30 29 29 71 63 38 34 48
Financing Profit 112 119 120 116 125 133 148 122 128 174 180 144
Financing Margin % 28% 28% 27% 25% 26% 27% 29% 23% 25% 33% 36% 31%
Other Income 1 2 1 1 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 2 2 2 3 2 2 3 2
Profit before tax 113 120 120 116 123 131 146 119 126 172 177 142
Tax % 35% 32% 38% 43% 34% 25% 27% 24% 26% 25% 26% 28%
Net Profit 73 82 75 66 81 98 107 91 93 128 132 103
EPS in Rs 5.50 6.12 5.63 4.97 6.08 7.33 8.01 6.83 7.00 9.64 9.91 7.70
Gross NPA % 0.66% 0.63% 0.71% 0.62% 0.73% 0.79% 0.80% 0.76% 0.75% 0.72% 0.68% 0.91%
Net NPA % 0.44% 0.42% 0.51% 0.43% 0.52% 0.58% 0.59% 0.54% 0.52% 0.46% 0.41% 0.61%

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Revenue 214 231 286 392 578 816 1,083 1,353 1,518 1,727 2,030 2,018
Interest 145 154 196 283 423 611 744 884 981 1,170 1,345 1,208
17 18 33 33 46 65 83 95 107 89 158 183
Financing Profit 52 59 57 76 109 140 257 374 430 468 528 627
Financing Margin % 24% 25% 20% 19% 19% 17% 24% 28% 28% 27% 26% 31%
Other Income 4 0 4 0 0 1 1 0 4 4 0 0
Depreciation 0 0 1 1 2 4 3 4 3 3 9 10
Profit before tax 55 59 61 75 107 137 254 370 431 470 518 618
Tax % 29% 28% 28% 28% 29% 37% 38% 36% 34% 37% 27% 26%
Net Profit 39 42 44 54 76 86 157 235 286 297 376 456
EPS in Rs 2.94 3.16 3.29 4.07 5.69 6.48 11.80 17.68 21.49 22.29 28.25 34.25
Dividend Payout % 10% 12% 14% 15% 18% 22% 17% 11% 9% 9% 7% 6%
Compounded Sales Growth
10 Years:24%
5 Years:13%
3 Years:10%
TTM:-1%
Compounded Profit Growth
10 Years:27%
5 Years:24%
3 Years:17%
TTM:21%
Stock Price CAGR
10 Years:38%
5 Years:17%
3 Years:9%
1 Year:74%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:19%
Last Year:19%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
20 20 20 20 20 27 27 27 27 27 27 27
Reserves 254 290 327 372 432 745 851 1,050 1,460 1,756 2,123 2,583
Borrowings 1,865 1,904 2,300 3,539 5,269 7,375 9,444 11,872 13,921 16,880 18,784 19,293
52 54 68 136 191 188 434 430 322 67 109 171
Total Liabilities 2,192 2,269 2,716 4,067 5,912 8,334 10,756 13,379 15,730 18,729 21,044 22,074
3 3 3 6 8 9 9 10 10 10 38 38
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 17 20 17 16 15 15 15 16 16 16 24 50
2,172 2,246 2,696 4,044 5,889 8,310 10,732 13,352 15,704 18,703 20,981 21,986
Total Assets 2,192 2,269 2,716 4,067 5,912 8,334 10,756 13,379 15,730 18,729 21,044 22,074

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
24 39 74 103 114 53 382 -2,356 -2,018 -2,335 -1,842 -851
8 8 8 -3 -1 -4 -11 -7 -2 -4 -13 -28
-13 -69 -101 -109 -112 -55 -371 2,363 2,019 2,739 1,826 508
Net Cash Flow 19 -23 -19 -9 1 -6 -0 0 -1 401 -29 -372

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 15% 14% 13% 15% 18% 14% 19% 24% 22% 18% 19% 19%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
29.99 29.99 29.99 29.99 30.11 29.99 29.99 29.99 29.99 29.99 29.99 29.99
4.76 3.88 4.28 3.76 1.85 5.01 7.73 12.23 13.21 13.41 15.33 17.38
65.25 66.14 65.73 66.25 68.04 65.00 62.28 57.79 56.80 56.60 54.69 52.63

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