1. At a Glance
Welcome to Can Fin Homes Ltd — the only lender whose loan book behaves better than most borrowers.
At ₹801 per share, this ₹10,666 crore market-cap HFC is the poster child for “steady compounding without drama (except Ambala).”
Q2 FY26: Revenue ₹1,049 crore (+9 % YoY), PAT ₹251 crore (+19 %).
FY25 PAT ₹921 crore on revenue ₹4,054 crore = Net Margin 22 %.
ROE 18 %, NIM 3.73 %, GNPA 0.94 %.
Cost-to-Income a lean 16.7 %.
Dividend ₹12 per share = 1.5 % yield (“enough for one Starbucks EMI”).
Canara Bank still owns 29.99 % and keeps a watchful eye like a South Indian parent.
From a ₹35 k crore loan book last year to ₹39.6 k crore now, this HFC shows discipline is still profitable.
2. Introduction
Some lenders throw money like confetti. Can Fin Homes throws term sheets like invitation cards — neatly numbered, audited, and approved by NHB.
Founded in 1987 by Canara Bank, the company has grown into India’s quiet powerhouse in affordable home finance. No viral ads, no “1-minute loan” nonsense — just branch-driven lending and repayment discipline that would make even HDFC’s CFO smile.
FY24 was textbook boring — which on Dalal Street is a compliment. Except for that one Ambala episode (₹39.67 crore fraud by staff), the company’s books were so clean they could be used as a mirror. They provided the entire amount and moved on.
Now armed with AI-based early-warning systems, centralised collections, and a new Deputy MD (Vikram Saha), Can Fin is entering FY26 with renewed focus: grow without forgetting to check Aadhaar.
3. Business Model – WTF Do They Even Do?
Simple enough to explain to your grandmother, and profitable enough to explain to your CA.
Main Products
- Housing Loans (78 % of AUM) – Average ticket ₹25 lakh.
- Non-Housing (FlexiLAP, Top-up etc.) – ~22 %.
- Public Deposits – Old-school 1 % of funding mix.
Target segment = salaried and professionals (72 % of book). Average loan size is small; average discipline is large.
Distribution Network – 186 branches + 21 affordable loan centres + 12 satellite
