Can Fin Homes Ltd

NSE
CANFINHOME •
BUY

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Start SIP in Can Fin Homes Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
56.30% Gain from 52W Low
3.7
TTM PE Ratio
Below industry Median
15
Price to Book Ratio
Above industry Median
2.9
Dividend yield 1yr %
Low in industry
0.5
TTM PEG Ratio
PEG TTM is less than 1
0.7
RSI
RSI is mid-range
50.5
MFI
MFI is mid-range
45.6

Can Fin Homes Ltd shareholding Pattern

Promoter
30%
Foreign Institutions
11.1%
Mutual Funds
26.4%
Domestic Institutions
28.5%
Public
30.5%

Can Fin Homes Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
9
Bearish Moving Averages
7
5Day EMA
796.50
10Day EMA
799.00
12Day EMA
798.80
20Day EMA
796.00
26Day EMA
793.60
50Day EMA
786.00
100Day EMA
773.70
200Day EMA
741.30
Delivery & Volume
Resistance & Support
791.12
Pivot
Resistance
First Resistance
800.73
Second Resistance
806.62
Third Resistance
816.23
Support
First Support
785.23
Second support
775.62
Third Support
769.73
Relative Strength Index
50.47
Money Flow Index
45.61
MACD
5.27
MACD Signal
7.74
Average True Range
25.35
Average Directional Index
16.45
Rate of Change (21)
9.57
Rate of Change (125)
6.28

Can Fin Homes Ltd Company background

Founded in: 1987
Managing director: Suresh S Iyer
Can Fin Homes Ltd. (CFHL), is a leading housing finance institution approved by National Housing Bank (NHB), the apex authority of housing in the country. The Company offer housing loans for individual homes and affordable housing along with composite, and topup loans. It offers nonhousing loans including mortgage loans, site loans, loans for commercial properties, personal loans, and education loans. It accepts Fixed and Cumulative Deposits, as per the rules of the National Housing Bank (NHB). The Company has a pan India presence with 172 Branches, 21 Affordable Housing Loan Centres and 12 Satellite Offices spread over 21 States and Union Territories.The Company is a key player in Housing Finance Sector in India and one of the few institutions permitted by the Regulator NHB to accept Public Deposits. It is presently extending Housing Loans and Mortgage Loans at competitive interest rates both to Salaried and SENP category of borrowers, designed to cater to their individual needs. Can Fin Homes Ltd was incorporated on October 29, 1987 by Canara Bank in association with reputed financial institutions including HDFC and UTI. The company was set up in Bangalore with the mission of promoting Home Ownership and increasing Housing Stock all over the country. In the year 1992, the company opened a branch at Bhubaneshwar in the state of Orissa. In the year 1993, they opened a branch at Lucknow in the state of Uttar Pradesh. Also, they introduced scheme called InPrinciple Sanction. In the year 1997, the company opened new branches at Ahmedabad, Chandigarh, Cochin and Patna. In the year 1999, they introduced a new deposit scheme called Abhivridhi Deposit scheme the deposit amount gets doubled in 65 months. The company was selected by National Housing Bank as one of the participants in the pilot issue of mobilization of resources through Mortgage Backed Securities. Also, they launched an Interactive Website, www.canfinhomes.com providing relevant information to the aspirants to own a Home, apart from details of deposit schemes of the company etc.In the year 2001, National Housing Bank (NHB) signed a pact with the company and LIC Housing Finance Ltd for their second round of securitization for housing loans worth Rs 137.63 crore. In the year 2003, the company unveiled Can Fin Home Loan Fair in Kerala. In the year 2004, they launched a new product, Personal Loan Scheme, for existing borrowers. In the year 2005, they set up a new branch office at Hyderabad.During the year 200809, Canara Bank, the sponsor bank of the company acquired through secondary market 1,023,772 Nos of equity shares in the company aggregating to 5% (approx) of the total shares/ voting rights. The share holding by Canara Bank as at the end of the year was 40.35%.During the year 200910, Canara Bank, the sponsor bank of the company acquired through secondary market 400,017 Nos of equity shares in the company aggregating to 1.95% (approx) of the total shares/ voting rights. The share holding by Canara Bank as at the end of the year was 42.332%.During the year 201314, 14 new branches (10 in South and 04 in other regions) were opened by the Company in different states across the country, located in major cities, taking the total number of branches to 83 against 69 branches as at the end of previous year.During the FY 201415, 24 new branches were opened by the Company in different states across the country, taking the total number of branches to 107. The Company introduced the concept of Satellite Offices by which many branches in metropolitan/tierII cities can source business from additional locations (within 30 km radius of main branch) apart from providing doorstep service to existing/potential customers with lower operating costs considering the smaller unit size.With due consideration to the views expressed by the Members of the Company at the previous Annual General Meetings, the confidence reposed by members in the Company, business growth and the need to induce capital to meet Capital Adequacy Requirements, the Company issued 61,45,575 equity shares of face value of Rs 10/ each for cash at Rs 450 each (including a premium of Rs 440 per share), in consultation with the issues Lead Managers. The issue has been fully subscribed and your Company raised/received Rs. 276.07 crore and accounted Rs. 273.39 crore as capital (less issue expenses of Rs. 2.68 crore) on 13 March 2015. During FY1516, the Company in different States across the country, taking the total number of branches to 110. Besides, it opened 20 new Satellite Offices across the country in FY 1516 to take the tally of Satellite Offices from 10 to 30 as on March 31, 2016. The total number of branches / satellite offices as on March 31, 2016 stood at 140.For the year FY 1617, the Company has envisaged opening branches/satellite offices in 35 locations, out of which 27 branches/satellite offices were opened on a single day viz., on April 21, 2016 and another 3 branches in May 2016.As at the end of FY1617, CFHL has an expanded network of 170 outlets spread across 19 states comprising 124 branches, 10 AHLCs and 36 Satellite Offices. CFHL became the first HFC to start exclusive Affordable Housing Loan Centres in sync with the Housing for all initiative by the Government.Canara Bank, following RBI instructions, sold a portion of their stake (13.45%) to M/s Calladium Investments Pte, Limited (an affiliate of GIC Singapore) holding 30.57% stake as at the end of the FY201617.During FY18, 9 new branches and 4 satellite offices were opened and 10 Satellite offices were upgraded to Affordable Housing Loan Centres (AHLCs), which exclusively provide smaller ticket size Loans under Credit Linked Subsidy Scheme (CLSS)(Pradhan Mantri Awas Yojana), Loans under Urban Housing (LUH) and Loans under Rural Housing (LRH) schemes. Under this initiative, the second tranche of 10 AHLCs were opened during FY18 by upgrading existing satellite offices. As at the end of FY18, the Company has an expanded network of 173 outlets spread across 19 states comprising 133 branches, 20 AHLCs and 20 Satellite Offices.During FY19, 22 new branches were opened and 1 Satellite Office was upgraded to Affordable Housing Loan Centre (AHLC), for exclusively providing smaller ticket size Loans under Credit Linked Subsidy Scheme (CLSS) (Pradhan Mantri Awas Yojana), Loans under Urban Housing (LUH) and Loans under Rural Housing (LRH) schemes. As at the end of FY19, the Company has an expanded network of 189 outlets spread across 21 states comprising 154 branches, 21 AHLCs and 14 Satellite Offices.During the year 2019, CFHL added 9 branches at Ballari, Mancherial, Pollachi, Thanjavur, Srikakulam, Theni, Hoskote, Haveri and Solapur.During FY21, due to Covid19 related restrictions, only 4 new branches were opened. At the end of FY21, Company has an expanded network of 200 branches spread across 21 states comprising 186 branches and 14 Satellite Offices.In FY22, only 4 new branches were opened and Yeshwanthpur (Bengaluru) Satellite office got upgraded as a branch. As at the end of FY22, Company has an expanded network of 200 branches spread across 21 states comprising 187 branches and 13 Satellite Offices.During FY 202223, the Company opened five new branches and upgraded Vidyaranyapura Satellite office as a branch. As at the end of FY 23, Company has an expanded network of 205 branches spread across 21 states comprising 172 branches and 12 Satellite Offices. The two western regions of India, namely Mumbai Metropolitan Region (MMR) and Pune, emerged as the leading cities in terms of real estate sales among the top seven cities, accounting for more than 48% of the total sales. Additionally, the number of new launches across the top seven cities exceeded 100,000 units.During FY 23, the Companys Loan Book Portfolio stood at Rs 31,563 crore. The borrowings of the Company as of March 31, 2023, stood at Rs. 29068 crore. The Gross NPA of Company as at March 31, 2023 was Rs 173.85 Crore.
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Can Fin Homes Ltd FAQs

Can Fin Homes Ltd shares are currently priced at 794.85 on NSE and 794.55 on BSE as of 2/21/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Can Fin Homes Ltd [CANFINHOME] share was 40.91. The Can Fin Homes Ltd [CANFINHOME] share hit a 1-year low of Rs. 508.55 and a 1-year high of Rs. 909.8.

The market cap of Can Fin Homes Ltd is Rs. 10583.76 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Can Fin Homes Ltd is 14.95 as of 2/21/2024 12:00:00 AM.

The PB ratios of Can Fin Homes Ltd is 2.67 as of 2/21/2024 12:00:00 AM

The Mutual Fund Shareholding was 26.43% at the end of 2/21/2024 12:00:00 AM.

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