Can Fin Homes Ltd

Can Fin Homes Ltd

₹ 786 -1.49%
21 Feb 4:12 p.m.
About

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. [1]

Key Points

Increase in Branch network
Branch network increased from 140 (Mar 16) to 198 as on Dec 20 (184 branches+ 21 affordable housing loan centers + 14 satellite offices) over 100 cities spread across 21 states.
The total no of employees increased from 205 (Mar 10) to 838 (Dec 20) [1] [2]

  • Market Cap 10,465 Cr.
  • Current Price 786
  • High / Low 910 / 508
  • Stock P/E 14.8
  • Book Value 298
  • Dividend Yield 0.45 %
  • ROCE 8.36 %
  • ROE 18.5 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 17.6% of last 10 years

Cons

  • Stock is trading at 2.64 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance - Housing

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 503 467 451 468 508 561 611 657 710 764 824 871 901
Interest 289 275 268 271 296 319 356 401 453 491 533 548 566
34 48 34 25 54 76 35 50 49 72 54 122 77
Financing Profit 180 144 148 171 158 166 220 206 208 201 236 201 258
Financing Margin % 36% 31% 33% 37% 31% 30% 36% 31% 29% 26% 29% 23% 29%
0 0 0 0 0 0 0 0 0 1 0 0 1
Depreciation 3 2 2 3 3 2 2 3 3 4 3 3 3
Profit before tax 177 142 146 169 156 164 219 203 205 198 234 198 256
Tax % 26% 28% 25% 27% 26% 25% 26% 30% 26% 16% 22% 20% 22%
132 103 109 124 116 123 162 142 151 166 183 158 200
EPS in Rs 9.91 7.70 8.17 9.29 8.69 9.23 12.18 10.64 11.38 12.45 13.78 11.87 15.03
Gross NPA % 0.68% 0.91% 0.90% 0.78% 0.71% 0.64% 0.65% 0.62% 0.60% 0.55% 0.63% 0.76% 0.91%
Net NPA % 0.41% 0.61% 0.57% 0.47% 0.39% 0.30% 0.30% 0.35% 0.30% 0.26% 0.34% 0.43% 0.49%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 286 392 578 816 1,083 1,353 1,518 1,727 2,030 2,018 1,988 2,742 3,360
Interest 196 283 423 611 744 884 981 1,170 1,345 1,209 1,155 1,702 2,138
33 33 46 65 83 95 107 89 158 182 189 205 325
Financing Profit 57 76 109 140 257 373 430 468 528 627 644 835 896
Financing Margin % 20% 19% 19% 17% 24% 28% 28% 27% 26% 31% 32% 30% 27%
4 0 0 1 1 1 4 4 0 0 1 1 1
Depreciation 1 1 2 4 3 4 3 3 9 10 10 12 12
Profit before tax 61 75 107 137 254 370 431 470 518 618 635 824 886
Tax % 28% 28% 29% 37% 38% 36% 34% 37% 27% 26% 26% 25%
44 54 76 86 157 235 286 297 376 456 471 621 707
EPS in Rs 3.29 4.07 5.69 6.48 11.80 17.68 21.49 22.29 28.25 34.25 35.38 46.65 53.13
Dividend Payout % 14% 15% 18% 22% 17% 11% 9% 9% 7% 6% 8% 8%
Compounded Sales Growth
10 Years: 21%
5 Years: 13%
3 Years: 11%
TTM: 32%
Compounded Profit Growth
10 Years: 28%
5 Years: 17%
3 Years: 18%
TTM: 22%
Stock Price CAGR
10 Years: 38%
5 Years: 24%
3 Years: 15%
1 Year: 36%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 18%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 20 20 27 27 27 27 27 27 27 27 27 27
Reserves 327 372 432 745 852 1,050 1,460 1,756 2,123 2,583 3,040 3,621 3,935
2,300 3,539 5,269 7,375 9,444 11,872 13,921 16,880 18,748 19,293 24,648 29,068 30,628
68 136 191 188 433 430 322 67 145 171 230 355 296
Total Liabilities 2,716 4,067 5,912 8,334 10,756 13,379 15,730 18,729 21,044 22,074 27,944 33,070 34,885
3 6 8 9 9 10 10 10 38 38 35 45 45
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 17 16 15 15 15 16 16 16 24 50 1,126 1,459 1,459
2,696 4,044 5,889 8,310 10,732 13,352 15,704 18,703 20,981 21,986 26,784 31,566 33,381
Total Assets 2,716 4,067 5,912 8,334 10,756 13,379 15,730 18,729 21,044 22,074 27,944 33,070 34,885

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
74 103 114 53 382 -2,356 -2,018 -2,335 -1,842 -851 -3,916 -4,044
8 -3 -1 -4 -11 -7 -2 -4 -13 -28 -1,380 -327
-101 -109 -112 -55 -371 2,363 2,019 2,739 1,826 508 5,299 4,370
Net Cash Flow -19 -9 1 -6 -0 0 -1 401 -29 -372 2 -1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 13% 15% 18% 14% 19% 24% 22% 18% 19% 19% 17% 18%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
29.99% 29.99% 29.99% 29.99% 29.99% 29.99% 29.99% 29.99% 29.99% 29.99% 29.99% 29.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.31% 9.95% 10.35% 10.72% 11.36% 11.06%
17.38% 17.31% 21.66% 22.41% 24.69% 24.80% 23.28% 23.52% 24.97% 27.97% 27.41% 28.46%
52.63% 52.70% 48.36% 47.60% 45.32% 45.21% 37.42% 36.53% 34.68% 31.32% 31.23% 30.48%
No. of Shareholders 68,59083,30484,6381,00,33895,5471,00,3581,18,3861,18,7181,03,82789,48794,58292,795

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls