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Can Fin Homes
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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 top-up loans. It offers non-housing 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 'In-Principle 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 2008-09, 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 2009-10, 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 2013-14, 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 2014-15, 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/tier-II 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 issue's 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 FY15-16, 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 15-16 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 16-17, 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 FY16-17, 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 FY2016-17.
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 Covid-19 related restrictions, only 4 new branches were opened. At the end of FY'21, Company has an expanded network of 200 branches spread across 21 states comprising 186 branches and 14 Satellite Offices.
In FY'22, only 4 new branches were opened and Yeshwanthpur (Bengaluru) Satellite office got upgraded as a branch. As at the end of FY'22, Company has an expanded network of 200 branches spread across 21 states comprising 187 branches and 13 Satellite Offices.
During FY 2022-23, 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 Company's 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.
Can Fin Homes share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Can Fin Homes indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Can Fin Homes is valued compared to its competitors.
Can Fin Homes PE ratio helps investors understand what is the market value of each stock compared to Can Fin Homes 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Can Fin Homes evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Can Fin Homes generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Can Fin Homes in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Can Fin Homes shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Can Fin Homes compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Can Fin Homes over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Can Fin Homes helps investors get an insight into when they can enter or exit the stock. Key components of Can Fin Homes Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Can Fin Homes shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Can Fin Homes ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Can Fin Homes provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Can Fin Homes highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Can Fin Homes .
The balance sheet presents a snapshot of Can Fin Homes ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Can Fin Homes Net Interest Margin (NIM) tells about the profitability earned by all NBFCs and financial institutions. It represents the income generated by the bank from the difference between the interest earned on loans and the interest paid on public deposits. Net Interest Margin (NIM) is a metric that monitors the profitability generated from a bank's lending activities.
Non-Performing Assets (NPA) indicate the ratio of a bank's loans that are classified as non-performing. A lower NPA ratio reflects stronger asset quality and more effective risk management.
Capital Adequacy Ratio (CAR) is a metric to measure the bank's ability to absorb losses and still remain financially stable. A higher CAR shows that the bank is financially sound and can absorb potential losses.
Gross NPA is the percentage of total non-performing loans before provisioning, while net NPA is the percentage after provisioning. Lower gross and net NPA ratios indicate better loan quality.
Net NPA is the actual losses a bank has incurred due to NPA accounts. Lower the NPA, better the banks can maintain stable income from interest on loans.
CASA ratio tells how much of a bank's total deposits are in both current and savings accounts.
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