Investor presentation
Announcement under Regulation 30 (LODR)-Investor Presentation 14 Oct
Source: Bse
Can Fin Homes Limited (CANFINHOME)
Large CapFinancial Services stocks · Large cap · NSE
Can Fin Homes Limited is an Indian housing finance company focused on providing home loans and other mortgage-backed loans. The company recently completed a full IT transformation project, Project Tejas, across all its branches, which impacted Q2 FY27 disbursements.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result09 Oct, 07:08 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags04 Oct 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
32Bearishfull bear SMA stack · SMA20 -7.6% / mo · MACD + · near 52W low
Stock trend: 24
Sector RS: 45
Sector 3M: -5.7% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CANFINHOMED candles · FIT view-21.6%Latest close ₹718.05 on 2026-10-21
Bar
-1.9%
RSI
34
MACD hist
2.38
52W pos
7%
2026-10-21O ₹732.20H ₹733.20L ₹705.80C ₹718.05Vol 1.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CANFINHOMENifty Financial ServicesNifty 500
- CANFINHOME
- -13.7%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- -7.3 pp
Chart stats
21 Oct 2026- From 52W high
- -26.1%
- 52W range position
- 7%
- ATR (14)
- 2.7%
- Volume vs 20D
- 0.60x
- Avg traded value
- ₹21.4 Cr
- 20D price channel
- ₹700 - ₹775.6
₹971.5
₹700 - ₹971.5
₹19.3
Latest completed session
20-session average
20.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average30
Revenue +7.8% · PAT +9.4% YoY
Technical
Bearish32
Price trend and sector-relative-strength timing.
Valuation
Legacy model+67.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence59
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Average · 30/100Rev +8% YoY · PAT +9% YoY
Filed 09 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,130.8 Cr | +7.8% | +3.2% |
| EBITDA | ₹1,044.1 Cr | NDF | +4.3% |
| Operating margin | 92.3% | NDF | +104 bps |
| PAT | ₹274.6 Cr | +9.4% | +2.5% |
| PAT margin | 24.3% | +36 bps | -14 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 8.46
- P/B
- 1.52
- EV/EBITDA
- 2569.84
- Market Cap
- 9749.00Cr
Profitability
- ROE
- 19.70%
- ROCE
- 9.14%
- ROA
- 2.52%
- Dividend Y
- 2.04%
Growth (CAGR)
- Revenue 5Y
- 16.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 15.00%
- EPS 3Y
- 20.00%
Balance Sheet
- Debt/Equity
- 6.09
- Interest Coverage
- —
- Altman Z
- 0.39
- Book Value
- 482.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -2910.00 Cr
- EPS TTM
- 86.58
Shareholding
- Promoter Hold
- 29.99%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 12%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 1,131+3.2% vs prev
Net Profit
₹ CrLatest: 275+2.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 34.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~8.2% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
31
RS percentile
Stage 4 Downtrend
1M return
-6.7%
3M return
-13.7%
6M return
-20.2%
1Y return
-16.8%
RS 1D
+3
RS 20D
-6
Sector rank
#10
Industry rank
#20
Stage evidence
- Price is 13.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 99.58-1.01%
RS vs Nifty 500100
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation24/30
Growth17/25
Quality10/20
Balance Sheet0/15
Cash Flow1/10
Piotroski
3/9 (+1)
Penalties
1
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 67.5%.
- Valuation contributes 24/30 to the score.
- Growth contributes 17/25 to the score.
Main drags
- Altman Z is 0.4, in distress territory.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
8.5
PB
1.5
EV/EBITDA
2569.8
ROE
19.7%
ROCE
9.1%
FCF Yield
—
Debt/Equity
6.1
MoS
+67.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 53 (+1)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+67.5%
Previous: +66.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
53
53
53
53
53
54
56
54
53
53
53
Factor attribution
Valuation
24+1
was 23
Modelled fair value
Graham Number
₹969
+25.9% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹2,207.79
+67.5% MoS
PEG
0.44
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AAVAS
Large
Aavas Financiers Limited
NBFC
match 166
28
19.6
13.9%
+26%
OVERVALUED
HOMEFIRST
Large
Home First Finance Company India Limited
NBFC
match 165
35
20.0
15.7%
+26%
WATCHLIST
APTUS
Small
Aptus Value Housing Finance India Limited
NBFC
match 160
50
11.3
20.1%
+57%
FAIR VALUE
INDIASHLTR
Micro
India Shelter Finance Corporation Limited
NBFC
match 159
49
13.6
17.0%
+48%
FAIR VALUE
AADHARHFC
Large
Aadhar Housing Finance Limited
NBFC
match 157
40
16.8
15.9%
+33%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-10-19T07:44:18.707Z
Management commentary snapshot
Q2 FY27 disbursements significantly impacted by IT transformation, dropping to INR2,375 crores, net of INR29 crores cancellations. Management maintains full-year disbursement guidance of INR13,000 crores, banking on H2 recovery post-IT rollout.
Disbursements were materially affected by the phased IT transformation, causing a 70-75% drop in impacted branches. While management maintains full-year guidance, the Q3/Q4 ramp-up is critical. Prepayment reduction and NIM protection are positive, but execution post-IT rollout is key.
Growth engines
IT Transformation Benefits
New IT system (Project Tejas) enables digital sourcing, auto form filling, and improved internal processes, freeing up staff for sales.
Sales Team Expansion
Sales team strength to increase from 90 to 150 people this year, targeting INR1,500-1,600 crores from sales team.
New Branch Contribution
25 new branches opened in Q1/Q2 FY27 will contribute to disbursements in Q3 and Q4.
Affordable Housing Focus
Looking at pushing business in the affordable AHF category to leverage increased NHB refinance.
Capacity and execution
IT System Rollout
Project Tejas, the IT transformation, went fully live across all branches by October 1, 2026.
Branch Expansion
25 out of 28 planned branches for the full year have already been started and are operational with staffing.
Tailwinds
NHB Refinance
Received sanction from NHB for INR1,350 crores; NHB plans to increase refinance and AHF component.
Reduced Prepayments
Rate hike will reduce the gap between market and company rates, helping retain good customers and reduce prepayments.
Robust Demand
Demand for home loans remains strong across all geographies, observed in branches not impacted by IT rollout.
Headwinds
IT Transformation Impact
Phased IT implementation caused 70-75% drop in disbursements in impacted branches during the month of rollout.
Telangana Section 22
New Section 22 in Telangana impacted registration process, leading to cancellations; process adjusted to verify legality upfront.
El Niño Impact (Potential)
Water shortage could impact construction activity, but too early to project impact on demand or asset quality.
Risk radar
Execution Risk of IT Rollout
Initial IT implementation caused significant disbursement drops; successful ramp-up in Q3/Q4 is crucial.
Interest Rate Sensitivity
Need to continuously pass on rate hikes to customers to protect NIM and spread; 13% of portfolio on annual reset.
Competition for Loans
Lost some business to competition during IT system slowdown as customers need money quickly.
PMAY 2.0 Slowdown
PMAY 2.0 scale-up is slower than CLSS-1, with less impact due to company's presence in developed states.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Disbursements are compared QoQ to assess sequential impact of IT rollout and recovery, while AUM growth and credit costs are typically viewed YoY for broader trends and seasonality.
Sector KPIs management disclosed
AUM Growth
Management holds AUM growth guidance of 13%-14% for the year, closer to 14%.
Disbursements
Q2 FY27 disbursements at INR2,375 crores, net of INR29 crores cancellations due to NHB guidelines.
Spreads/NIM
Management confident of maintaining spread and NIM at 2.75% and 3.75% plus, despite rate hikes.
Borrowing Cost
Increased 10 bps for housing customers effective Oct 8th; 65% of liability side impacted by repo/T-bill rates.
Management forward view
Full-Year Guidance Maintained
Continue to hold disbursement guidance of INR13,000 crores and AUM growth of 13-14% for FY27.
FY28 Outlook
Internally looking at around INR16,000 crores disbursement for FY28, translating to 15%+ AUM growth.
NIM/Spread Protection
Will ensure NIM and spread stay protected by passing on rate hikes, aiming for 2.75% spread and 3.75% NIM.
Operational Efficiency
IT transformation will lead to operational efficiencies, enabling redeployment of staff to sales and digital sourcing.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Disbursement Recovery | INR2,375 crores in Q2 FY27 (impacted by IT rollout). | Achieving INR3,500 crores in Q3 FY27 and covering Q2 shortfall to meet INR13,000 crores FY27 guidance. |
| Prepayment Trend | Q2 FY27 prepayments at INR1,795 crores (down QoQ). | Continued reduction in prepayment rates as rate gap shrinks, supporting AUM growth. |
| NIM/Spread Stability | Operating around 2.8% spread and 3.8% NIM. | Maintenance of spread and NIM at 2.75% and 3.75% plus, despite rising borrowing costs. |
| New Branch & Sales Team Contribution | 25 new branches operational; sales team contributed INR560 crores in H1 FY27. | Increased contribution from new branches and expanded sales team to drive H2 disbursements. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
revenue outlooknot yet verifiablequantified
By March 2028, the company projects its incremental disbursement to have a geographical concentration of 60% in South and 40% in North.
Timeframe: Mar-28Direction: DistributionConfidence: Projected
"Mar-28 South 60% North 40% (Proj.)"
revenue outlookdeliveredquantified
By March 2028, the company projects its incremental disbursement to have a geographical concentration of 60% in South and 40% in North.
Timeframe: Mar-28Direction: DistributionConfidence: Projected
"Mar-28 South 60% North 40% (Proj.)"
Outcome check: Revenue YoY averaged 8.2% across 2 later quarter(s).
revenue outlookdeliveredquantified
By March 2028, the company projects its AUM product mix to be 80% Housing Loans and 20% Non-Housing Loans.
Timeframe: Mar-28Direction: DistributionConfidence: Projected
"Mar-28 HL 80% NHL 20% (Proj.)"
Outcome check: Revenue YoY averaged 8.2% across 2 later quarter(s).
revenue outlooknot yet verifiablequantified
By March 2028, the company projects its AUM product mix to be 80% Housing Loans and 20% Non-Housing Loans.
Timeframe: Mar-28Direction: DistributionConfidence: Projected
"Mar-28 HL 80% NHL 20% (Proj.)"
project executionnot yet verifiable
The IT Transformation project is expected to be implemented from Q3FY26.
Timeframe: Q3FY26Direction: ImplementationConfidence: Expected
"Expected implementation from Q3FY26"
project executionnot yet verifiable
The IT Transformation project is expected to be implemented from Q3FY26.
Timeframe: Q3FY26Direction: ImplementationConfidence: Expected
"Expected implementation from Q3FY26"
project executionnot yet verifiable
Several IT systems, including HRMS, Aadhar Data Vault, DMS, LOS, LMS, Finance & Accounting (Sprint-2), Deposits, and Reports, are planned to Go-Live in Q3 FY26.
Timeframe: Q3 FY26Direction: Go-LiveConfidence: Planned Go-Live
"Planned Go-Live (Q3 FY26)"
project executionnot yet verifiable
Several IT systems, including HRMS, Aadhar Data Vault, DMS, LOS, LMS, Finance & Accounting (Sprint-2), Deposits, and Reports, are planned to Go-Live in Q3 FY26.
Timeframe: Q3 FY26Direction: Go-LiveConfidence: Planned Go-Live
"Planned Go-Live (Q3 FY26)"
Trust Score
59Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Management has 100% delivered/partly-delivered outcomes on 2 checked claims. It ranks around the 25th percentile of the scored universe and 42nd percentile within Financial Services. Main check: balance sheet trust is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
135 docs text-extracted · 35 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
25th percentile
overall median 67 · Financial Services: 42nd pctile, median 62 · Large: 14th pctile, median 73
Evidence depth
Financial-only
135 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
100% delivered or partly delivered
2/4 claims checked · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
76
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
- ▸Latest 3 quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-2910 Cr.
- ▸Debt/equity is 6.09.
- ▸Altman Z is 0.39.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Can Fin Homes Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 Oct - Can Fin Homes reports H1 FY27 PAT of Rs.543 crore, loan assets Rs.43,539 crore, and TETAS go-live.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Oct - Copy of the newspaper publication regarding special window for re-lodgment of transfer requests of physical shares.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 11 Sep - Can Fin Homes launched Project Tejas, a Rs 297-crore seven-year digital transformation across 177 branches.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun - Copies of Newspaper Publication regarding 39th AGM, Record Date, Final Dividend
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Jun - The newspaper publication on notice of transfer of equity shares and unpaid dividend of the Company to the IEPF
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8 Jun - The Board at its meeting held today, i.e. on 08/06/2026 approved the allotment of shares under ESOP. For details please find the attachment.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 May - The Top Management team of the Company will be participating in the 16th Annual Global Investor Conference (Trinity India 360) organized by Capital 360 ONE …
Source: Bse
AnnouncementQ4 2026
Q4 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 7 May - Can Fin Homes held investor meetings on May 7, 2026 to discuss Q4 FY26 results and outlook.
Source: Bse
Annual report
Letter To Shareholders Who Have Not Registered Their E-Mail Addresses Providing Web-Link Of Annual Report. 9 Jul - AGM notice and FY 2025-26 annual report dispatched to shareholders without registered email IDs.
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 2d - Copies of the Newspaper Publication regarding Dispatch of Notice of 39th AGM , Annual Report FY 2025-26 , Remote E-Voting Instructions & Record Date.
Source: Bse
Annual report
Notice Convening The 39Th Annual General Meeting('AGM') And Annual Report For Financial Year 2025-26 2d
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.