Can Fin Homes Ltd.    
28 Aug 2020
446.45
-2.59%
Nirmal Bang Institutional
Asset quality position should be relatively better Can Fin Homes (CFHL) reported net profit of Rs932mn, up 15% YoY and 2.5% QoQ on the back of strong operating profit (up 29.4% YoY, 6.5% QoQ) and despite prudent provisioning. Total income was driven by a strong NII performance (up 25.3% YoY, 1.5% QoQ). NIM was at a 12-quarter peak of 3.7%, expanding by 18bps QoQ on account of 46bps (QoQ) reduction in cost of funds to 7.3%. On incremental basis, CoF for the company is 7%. Yields dipped by 19bps QoQ. We believe that the current NIM is unsustainably high and that 3-3.4% would be a more reasonable range from a mediumterm perspective. Provisions for the quarter stood at Rs441mn, 20bps of the total loan book. The company has made another ~Rs360mn worth of covid-related provisions, taking the total outstanding...
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Can Fin Homes Ltd. has an average target of 434.40 from 6 brokers.
Can Fin Homes Ltd.    
28 Aug 2020
446.45
-2.59%
Edelweiss
Can Fin Homes Ltd. (CFH) reported in-line numbers for the quarter against our and consensus estimates in the midst of an challenging environment.
Can Fin Homes Ltd. has gained 52.79% in the last 6 Months
Can Fin Homes Ltd.    
28 Aug 2020
446.45
-2.59%
buy
Accumulate: Can Fin Homes Ltd.
Geojit BNP Paribas
Can Fin Homes Ltd is the housing finance arm of Canara bank. The company has dominance in South India with focus on Tier 1 and Tier 2 cities. It provides housing loans, composite loans, non-housing loans,...
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Can Fin Homes Ltd. is trading above all available SMAs
Can Fin Homes Ltd.    
23 Jul 2020
446.45
-2.59%
Axis Direct
We recommend a BUY on CanFin Homes with a Target Price of Rs 424, an upside of 10% from CMP of Rs 389 and Stop Loss Rs 365.
Can Fin Homes Ltd. has an average target of 434.40 from 6 brokers.
Can Fin Homes Ltd.    
30 Jun 2020
446.45
-2.59%
buy
CD Equisearch
y in Q4FY20 due to the impact of nationwide lockdown beginning at the end of March. An n already slowing housing credit landscape did Can Fin Homes no favours as loan book grew by 2.7% from December 2019 driven by balanced growth in its salaried and professional clients as well...
Number of Mutual Funds holding stock rose by 12 to 58 in Sep 2020 qtr.
Can Fin Homes Ltd.    
23 Jun 2020
446.45
-2.59%
buy
Geojit BNP Paribas
Can Fin Homes Ltd is the housing finance arm of Canara bank. The company has dominance in south India with focus on Tier 1 and Tier 2 cities. It provides housing loans, composite loans, non-housing loans,...
Can Fin Homes Ltd. is trading above all available SMAs
Can Fin Homes Ltd.    
18 Jun 2020
446.45
-2.59%
Axis Direct
Can Fin Homes (CANF) Q4FY20 results were better than expectations on Net Interest Income front, up 34/9% YoY/QoQ to 188cr aided by loan growth (~12% YoY) and strong NIMs (3.52%, up 10bps QoQ). Incremental cost of funds have come down to 7.77% from 7.88% a quarter ago.
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Number of Mutual Funds holding stock rose by 12 to 58 in Sep 2020 qtr.
Can Fin Homes Ltd.    
18 Jun 2020
446.45
-2.59%
buy
Yes Securities
Management is not expecting significant growth in current fiscal withrecoveryinloandemandseenonlyfromQ4FY21.OnNIMs, company is more sanguine on the outlook with expectations of persistent decline in funding cost in ensuing quarters and a...
Can Fin Homes Ltd. has an average target of 434.40 from 6 brokers.
Can Fin Homes Ltd.    
18 Jun 2020
446.45
-2.59%
Nirmal Bang Institutional
Prudent underwriting to keep the ship steady; retain BUY Can Fin Homes Ltd delivered a strong performance during 4QFY20, followed by not-so-bad commentary on outlook for FY21. We think that following a prudent underwriting strategy over the years has helped the company keep its asset quality in good stead with NPAs of 0.8% (one of the lowest in the industry). While we build in higher NPAs in FY21 given the external macros and the impact on the self-employed segment, we think that the company should be able to revert back to normalcy faster than peers. Growth should take a backseat in FY21 due to greater focus on collections and recoveries in addition to a weak demand environment amid a slowing economy. Reducing the...
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Can Fin Homes Ltd. has gained 52.79% in the last 6 Months