Mazagon Dock 30X Returns – What’s Next?
Clients of Futurecaps enjoyed 30X multibagger gains in Mazagon Dock along with 12X in Cochin Shipyard. Curious about the upcoming pick? – Discover the next big stock idea.
Futurecaps Recommends – Can Fin Homes
Can Fin Homes is one of India’s reputed housing finance firms. 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: 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 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.
Core Offerings
• Housing Finance
• Non-Housing Finance
• Deposits
Positives
• 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%, free multibagger 2025 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.
Challenges
• 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
Summary
The company has the potential to deliver multibagger returns in the order of 300–500% over the next 5–10 years. Full details are available in the complete article on our website.
Who We Are
Futurecaps is a SEBI-registered Research Analyst (INH200006956) serving Indian investors since 2012. We focus on Buffett-style investing, building over 50 multibagger picks. Our pricing is kept low to ensure accessibility for young and small investors.