Can Fin Homes Ltd

Can Fin Homes is a housing finance institution approved by National Housing Bank (NHB), the apex authority of housing in the country.(Source : 201903 Annual Report Page No: 145)

Pros:
Company has good consistent profit growth of 31.36% over 5 years
Cons:
Stock is trading at 2.77 times its book value
Company has low interest coverage ratio.
Promoter's stake has decreased
Promoter holding is low: 30.11%
Company might be capitalizing the interest cost

Peer Comparison Sector: Finance // Industry: Finance - Housing

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Quarterly Results Figures in Rs. Crores

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
Revenue 332 350 361 367 378 387 392 401 421 443 463 484
Interest 219 230 227 233 241 251 255 270 284 302 314 329
25 24 23 24 28 29 26 19 17 21 33 30
Financing Profit 88 95 111 109 109 107 112 112 120 120 117 125
Financing Margin % 27% 27% 31% 30% 29% 28% 28% 28% 29% 27% 25% 26%
Other Income 0 0 1 0 0 3 1 1 2 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 87 94 110 109 109 109 112 113 122 120 116 123
Tax % 37% 37% 36% 36% 34% 39% 34% 35% 37% 38% 42% 34%
Net Profit 55 60 71 70 71 66 74 73 77 75 67 81
Gross NPA % 0.25% 0.24% 0.21% 0.38% 0.40% 0.46% 0.43% 0.66% 0.63% 0.71% 0.62% 0.73%
Net NPA % 0.03% 0.01% 0.00% 0.17% 0.18% 0.25% 0.20% 0.44% 0.42% 0.51% 0.43% 0.52%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 221 223 214 231 286 392 578 816 1,083 1,353 1,518 1,727 1,811
Interest 171 167 145 154 196 283 423 611 744 884 981 1,169 1,228
13 12 17 18 33 33 46 65 83 95 107 90 100
Financing Profit 38 44 52 59 57 76 109 140 257 374 430 468 482
Financing Margin % 17% 20% 24% 25% 20% 19% 19% 17% 24% 28% 28% 27% 27%
Other Income 0 0 4 0 4 0 0 1 1 0 4 4 4
Depreciation 0 0 0 0 1 1 2 4 3 4 3 3 5
Profit before tax 38 44 55 59 61 75 107 137 254 370 431 470 481
Tax % 25% 28% 29% 28% 28% 28% 29% 37% 38% 36% 34% 37%
Net Profit 28 32 39 42 44 54 76 86 157 235 286 297 300
EPS in Rs 2.47 2.76 3.45 3.69 3.83 4.73 6.59 6.24 11.80 17.67 21.49 22.28
Dividend Payout % 18% 13% 10% 12% 14% 15% 18% 22% 17% 11% 9% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:22.72%
5 Years:24.48%
3 Years:16.83%
TTM:16.10%
Compounded Profit Growth
10 Years:25.13%
5 Years:31.36%
3 Years:23.65%
TTM:5.26%
Return on Equity
10 Years:18.78%
5 Years:19.90%
3 Years:21.00%
Last Year:18.15%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
20 20 20 20 20 20 20 27 27 27 27 27
Reserves 199 226 254 290 327 372 432 745 851 1,050 1,460 1,756
Borrowings 1,695 1,650 1,865 1,904 2,300 3,539 5,269 7,375 9,444 11,872 13,921 16,694
58 55 52 54 68 136 191 195 443 442 322 304
Total Liabilities 1,973 1,951 2,192 2,269 2,716 4,067 5,912 8,341 10,765 13,390 15,730 18,780
3 3 3 3 3 6 8 9 9 10 10 10
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 25 19 17 20 17 16 15 15 15 16 16 16
1,945 1,929 2,172 2,246 2,696 4,045 5,889 8,317 10,741 13,364 15,704 18,755
Total Assets 1,973 1,951 2,192 2,269 2,716 4,067 5,912 8,341 10,765 13,390 15,730 18,780

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
34 23 24 39 74 103 114 53 382 -2,356 -2,018 -2,335
14 13 8 8 8 -3 -1 -4 -11 -7 -2 -4
-31 -44 -13 -69 -101 -109 -112 -55 -371 2,363 2,019 2,739
Net Cash Flow 17 -8 19 -23 -19 -9 1 -6 -0 0 -1 401

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 14% 14% 15% 14% 13% 15% 18% 14% 19% 24% 22% 18%

Credit Ratings