Futurecaps Clients Gain 30X from Mazagon Dock – What Lies Ahead?
Clients of Futurecaps gained 30X returns from Mazagon Dock and 12X from Cochin Shipyard. Curious about the upcoming pick? – 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: housing finance tailored to individuals, affordable homes, and PMAY-linked borrowers. It also extends services to businesses and individuals through varied loan types including site loans and top-up credit.
For individuals, Can Fin also caters through personal financing options, education loans, pensioner loans, along with accepting 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 accepts Fixed and Cumulative deposits under National Housing Bank guidelines.
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 – 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 value investing india – 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 licensed SEBI Research Analyst delivering investment insights since 2012. We apply value investing frameworks inspired by Buffett, delivering 50+ multibaggers. Our pricing remains affordable so that every growing investor can access quality research.