Mazagon Dock Delivered 30X Returns – See What’s Next
Clients of Futurecaps gained 30X returns from Mazagon Dock and 12X from Cochin Shipyard. So, what’s the next multibagger? – See our performance and new opportunity below!
Futurecaps Recommends – Can Fin Homes
Can Fin Homes is a public deposit-taking housing finance company. 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: home loans across categories such as affordable housing, subsidy-linked loans, and PMAY schemes. It also provides loans beyond housing, such as commercial property loans, mortgage financing, rent receivable loans, and top-ups.
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 ?18L in housing, ?9L in non-housing finance. It also raises funds via deposits regulated by the National Housing Bank.
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.
• free multibagger 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.
Negatives
• 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.
Stock Analysis at a Glance
• Economic Moat – Moderate
• Growth – Good
• Valuation – Good
• Debt – High
• Integrity – Moderate
Final View
The company shows strong fundamentals to generate 3–5X returns in the medium to long term. Full details are available in the complete article on our website.
Futurecaps Overview
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 is kept low to ensure accessibility for young and small investors.