NSE: CANFINHOME · BSE: 511196
CAN FIN HOMES LTD
Lends against housing and non-housing loans to individuals, earning the gap between the yield on its loan book (9.81%) and its cost of borrowing (6.98%), giving a spread of 2.83% and NIM of 3.81%. As of Q1 FY27, the loan book stood at ₹42,961 crore, split 83% housing and 17% non-housing, with Q1 disbursements of ₹2,609 crore. The business runs 250 branches across 21 states. Its full-year disbursement target for FY27 is ₹13,000 crore (may flex to ₹13,200–13,400 crore) and AUM growth target is 14%. Both salaried and self-employed segments grew in Q1, with self-employed borrowers up 44% YoY, while housing-loan disbursements grew 28% and non-housing 32%. Asset quality is tight, with GNPA at 0.87% and NNPA at 0.42%, and ICRA has reaffirmed its AAA rating with stable outlook on debt of about ₹49,138 crore. Cost of funds is the biggest input cost at 6.98% against a yield of 9.81%. Canara Bank holds about 30% as promoter. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Housing finance, Non-housing finance. Leveraged housing finance company (D/E ratio 6.18) dependent on wholesale funding
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,988 | 2,742 | 3,523 | 3,878 | 4,216 |
| EBITDA (ex other income) | 1,798 | 2,536 | 3,200 | 3,577 | 3,882 |
| margin % | 90.4 | 92.5 | 90.8 | 92.2 | 92.1 |
| Owners' profit | 471 | 621 | 751 | 857 | 1,086 |
| EPS, as reported (₹) | 35.38 | 46.65 | 56.38 | 64.37 | 81.54 |
| ROE % · ROCE % | 15.4 · — | 17.0 · — | 17.3 · — | 16.9 · — | 18.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (3,916) | (4,044) | (2,570) | 933 | (2,940) |
| Capex | (3) | (9) | (20) | (17) | (17) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 962 | 986 | 999 | 1,020 | 1,049 | 1,073 | 1,074 | 1,096 |
| Profit before tax | 274 | 269 | 279 | 278 | 332 | 341 | 353 | 339 |
| Net profit | 211 | 212 | 234 | 224 | 251 | 265 | 346 | 268 |
| EPS (₹) | 15.88 | 15.93 | 17.57 | 16.81 | 18.88 | 19.89 | 25.96 | 20.11 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ HOUSING FINANCE LTD | 64,956 | 32.1 | 2.88 | — | 11.4 | — | — | 92.4 |
| PNB HOUSING FIN LTD. | 28,144 | 12.2 | 1.46 | — | 11.9 | — | 2.3 | 91.6 |
| LIC HOUSING FINANCE LTD | 28,070 | 4.9 | 0.68 | — | 13.5 | — | 7.7 | 97.1 |
| AADHAR HOUSING FINANCE L | 19,096 | 16.6 | 2.53 | — | 14.5 | — | — | 75.4 |
| SAMMAAN CAPITAL LIMITED | 13,314 | — | 0.70 | — | (37.6) | — | (3.8) | 101.8 |
| HOME FIRST FIN CO IND LTD | 10,662 | 18.2 | 2.45 | — | 12.4 | — | — | 78.3 |
| APTUS VALUE HSG FIN I LTD | 10,141 | 10.3 | 2.00 | — | 18.6 | — | — | 83.7 |
| CAN FIN HOMES LTD ◆ | 9,701 | 8.6 | 1.62 | — | 18.2 | — | — | 91.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.6 | 10.3 | 8 of 17 | 56% |
| P/B | 1.6 | 1.0 | 11 of 17 | 38% |
| ROE | 18.2 | 11.8 | 2 of 17 | 94% |
| EBITDA margin | 91.3 | 74.7 | 5 of 19 | 78% |
| Revenue growth | 7.4 | 9.0 | 12 of 19 | 39% |
| Profit growth | 19.6 | 19.3 | 10 of 20 | 53% |
| Market cap | 9701 | 4631 | 8 of 20 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Bhavendra Kumar approved for Can Fin Homes board, subject to RBI | board shareholder meetings | low | — | — |
| 17 Oct 2026 · Can Fin Homes Q2 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 14 Oct 2026 · Can Fin Homes Q2 FY27 results: revised investor presentation filed | investor communications | medium | — | — |
| 13 Oct 2026 · Care Ratings reaffirms Can Fin Homes at CARE AAA with stable outlook | credit debt | medium | — | — |
| 12 Oct 2026 · Q2 FY27 Earnings Call Audio Recording Uploaded to Company Website | investor communications | low | — | — |
| 10 Oct 2026 · Can Fin Homes publishes Q2 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| 9 Oct 2026 · Can Fin Homes H1 FY27: PAT up 14% to Rs 543 cr, loan book grows 10% | results | medium | — | — |
| 9 Oct 2026 · Can Fin Homes Q2 FY27 PAT up 9% at Rs 274.6 cr, income at Rs 1,131 cr | results | high | — | — |
| 9 Oct 2026 · Can Fin Homes Q2 results: profit up 9 percent, revenue up 8 percent | results | high | — | — |
| 9 Oct 2026 · Commercial Paper utilization certificate filed for Q2 FY27 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.