Futurecaps Clients Gain 30X from Mazagon Dock – What Lies Ahead?
Clients of Futurecaps enjoyed 30X multibagger gains in Mazagon Dock along with 12X in Cochin Shipyard. What’s next? – Check out what’s coming up in our research pipeline.
New Multibagger – Can Fin Homes
Can Fin Homes is one of India’s reputed housing finance firms. It mainly caters to salaried professionals from lower and middle segments, in addition to developers and corporates.
Its product portfolio includes: housing finance tailored to individuals, affordable homes, and PMAY-linked borrowers. It also provides loans beyond housing, such as commercial property loans, mortgage financing, rent receivable loans, and top-ups.
For individuals, Can Fin also offers personal loans, children’s education loans, loans for pensioners, as well as fixed and cumulative deposits.
The company operates in three key segments: Housing Finance, Non-housing Finance, and Deposits. The average loan ticket size is ?18 lakhs for housing loans and ?9 lakhs for non-housing loans. It also accepts Fixed and Cumulative deposits under National Housing Bank guidelines.
Headquartered in Bengaluru, Can Fin has a pan-India presence with 205 branches, 21 Affordable Housing Loan Centers, 12 satellite offices, and a total of 219 outlets across 100+ cities in 21 states and Union Territories. Shri Suresh S Iyer is the current Managing Director & CEO.
Products & Services
• Housing Finance
• Non-Housing Finance
• Deposits
Why It Stands Out
• 205 branches across 21 states and UTs, serving diverse geographies.
• Plans to expand network and penetrate new high-potential markets.
• Earnings CAGR of ~17.1% over the last 5 years.
• Intrinsic value estimated above 30%.
• Average borrowing cost at 6.5%, sustaining healthy spreads.
• Loan book crossed ?30,000 crore – strong business growth.
• 27% loan share from self-employed customers (?8,477 crore).
• Attractive valuation: P/E ~15X vs peer average ~24X.
• Better value than Indian diversified financial industry average (28.9X).
• Revenue forecasted at 14.7% growth vs Indian market 9.6%.
• Earnings growth forecast ~13.6%, higher than savings rate.
Risks
• Intense competition from banks and larger HFCs in Tier I & II cities.
• Credit risk due to borrower defaults.
• Macroeconomic factors like inflation, demand-supply, and interest rates can cause liquidity and funding risks.
Warren Buffett Checklist
• Economic Moat – Moderate
• Growth – Good
• Valuation – Good
• Debt – High
• Integrity – Moderate
Investment Outlook
The company appears to be a promising multibagger with multibagger stocks india 300–500% growth potential in 5–10 years. Investors can review our full analysis for deeper insights.
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