Can Fin Homes Limited (CFHL) 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. Can Fin Homes Ltd. is a deposit-taking housing finance company (HFC) registered with National Housing Bank (NHB). Canara Bank holds 29.99% stake in the company.
The company operates as a specialized housing finance institution that has established itself as a trusted name in the affordable housing segment. It primarily provides relatively smaller ticket-sized housing loans to salaried & professional and self-employed non-professional (SENP) borrowers. Can Fin Homes Limited is an India-based housing finance company. The Company offers various types of housing loans, such as individual housing loans, affordable housing loans, composite loan, and top-up loan.
Can Fin Homes operates through two main business verticals: housing loans and non-housing loans.
- Its individual housing loans include individual housing loan-super (IHL-Super) and commercial housing loan (CHL). The Company provides composite loan for the purchase of site and construction of house thereon.
- Beyond traditional housing finance, it also offers non-housing loans including mortgage loans (ML), site loans, loans for commercial properties, loans against rent receivables, personal loans (PL), loans for children’s education, and CFHL Nischint - for pensioners.
The company also accepts public deposits as a registered deposit-taking housing finance company. It also accepts two types of deposits, such as fixed deposits and cumulative deposits. This diversified product portfolio allows the company to serve a broader customer base while maintaining its focus on the housing finance sector.
Market Capitalization and Stock Performance
Can Fin Homes has a market capitalization of ₹10,883 Crore (down -7.85% in 1 year) as of the latest available data. Promoter holding stands at 30.0% as of March 2025.
Latest Quarterly Results - Q3 FY25
Can Fin Homes Ltd's revenue jumped 9.34% since last year same period to ₹986.15 Crore in Q3 FY2024-2025. Can Fin Homes Ltd's net profit jumped 5.99% since last year same period to ₹212.12 Crore in Q3 FY2024-2025. The net profit margin for Can Fin Homes Ltd in the Q3 results 2024 was 21.51%.
Annual Performance FY24
- Revenue: ₹3,878 Crore
- Profit: ₹857 Crore
Profitability and Efficiency Metrics (FY24)
- Net Interest Margin (NIM): 3.73% vs 3.45% in FY23
- Cost of borrowing: 7.4% vs 6.54% in FY23
- Cost to Income Ratio: 16.74% vs 16.93% in FY23
Asset Quality Indicators (FY24)
- Gross NPA: 0.82% vs 0.55% in FY23
- Net NPA: 0.42% vs 0.26% in FY23
- Provision Coverage Ratio (PCR): 80% vs 101% in FY23
Capital Adequacy
- Capital Adequacy Ratio: 24.61%
Leadership Changes
On June 30, 2025, Abhishek Mishra was appointed as CFO, while Prashanth Joishy stepped down as interim CFO. The Board also approved the appointment of Swarupananda Mallick as Additional Director (Non-Executive Independent), subject to shareholder approval at the August 20 AGM.
Capital Raising Initiatives
The Board approved ₹10,000 Crore debt raising, ₹1,000 Crore equity raise, and ₹6 dividend. This substantial capital raising initiative demonstrates the company's growth ambitions and commitment to expanding its lending portfolio.
Corporate Actions
The Board fixed July 11, 2025, as the record date for determining the entitlement of members to the final dividend. The 38th AGM will be held on August 20, 2025.
Can Fin Homes operates under the regulatory oversight of the National Housing Bank (NHB), which ensures compliance with housing finance regulations. The company is listed among Housing Finance Companies granted Certificate of Registration (COR) with permission to accept public deposits. This regulatory approval allows the company to mobilize funds through public deposits, providing it with a stable source of funding.
The company's position in various market indices reflects its market standing. Can Fin Homes is part of BSE 500, Nifty 500, BSE SmallCap, BSE Financial Services, and multiple other indices, indicating its recognition as a significant player in the financial services sector.
Investment Considerations
While the company demonstrates strong fundamentals with healthy profit margins and reasonable asset quality, potential investors should note that the company has a low interest coverage ratio, which requires careful evaluation. The company's focus on smaller ticket-sized loans and its established presence in the affordable housing segment positions it well to benefit from India's growing housing finance market.
Can Fin Homes continues to maintain its position as a reliable housing finance institution with strong backing from Canara Bank, robust regulatory compliance, and a diversified product portfolio that serves the evolving needs of Indian homebuyers across various economic segments.
