Futurecaps Clients Gain 30X from Mazagon Dock – What Lies Ahead?
Clients of Futurecaps gained 30X returns from Mazagon Dock and 12X from Cochin Shipyard. What’s next? – See our performance and new opportunity below!
New Multibagger – Can Fin Homes
Can Fin Homes is an established NBFC in the housing finance sector. It focuses on funding low & middle-income individuals and first-time homebuyers, preferably salaried professionals, while also extending services to builders, corporates, and others.
Its product portfolio includes: individual housing loans, affordable housing loans, credit-linked subsidy schemes, and Pradhan Mantri Awas Yojana (PMAY). It also offers composite loans, top-up loans, mortgage loans, site loans, loans against rent receivables, and loans for commercial properties.
For individuals, Can Fin also provides lending solutions like personal, education, and pensioner loans while mobilizing 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 mobilizes both fixed and cumulative deposits as per NHB norms.
Headquartered in Bengaluru, Can Fin has a widespread network spanning 205 branches, affordable housing centers, and satellite offices across India. Shri Suresh S Iyer is the current Managing Director & CEO.
Business Segments
• Housing Finance
• Non-Housing Finance
• Deposits
Strengths
• 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 – multibagger stocks india 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.
Futurecaps Valuation Metrics
• Economic Moat – Moderate
• Growth – Good
• Valuation – Good
• Debt – High
• Integrity – Moderate
Final View
The company appears to be a promising multibagger with 300–500% growth potential in 5–10 years. Check our detailed research note for complete reasoning.
Who We Are
Futurecaps is a SEBI-registered Research Analyst (INH200006956) serving Indian investors since 2012. We follow Warren Buffett’s value investing principles and have created 50+ multibaggers in the past. Our pricing remains affordable so that every growing investor can access quality research.