Futurecaps Clients Gain 30X from Mazagon Dock – What Lies Ahead?
Clients of Futurecaps enjoyed 30X multibagger gains in Mazagon Dock along with 12X in Cochin Shipyard. Curious about the upcoming pick? – See our performance and new opportunity below!
Spotlight Pick – Can Fin Homes
Can Fin Homes is a public deposit-taking housing finance company. It targets affordable housing borrowers, salaried buyers, and also provides financing solutions to businesses.
Its product portfolio includes: housing finance tailored to individuals, affordable homes, and PMAY-linked borrowers. It also offers composite loans, top-up loans, mortgage loans, site loans, loans against rent receivables, and loans for commercial properties.
For individuals, Can Fin also offers personal loans, children’s education loans, loans for pensioners, as well as fixed and cumulative deposits.
The company operates in three key segments: Housing Finance, Non-housing Finance, and Deposits. The average loan ticket size is 18 lakh for housing and 9 lakh for non-housing credit. 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
Why It Stands Out
• 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.
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.
Futurecaps Valuation Metrics
• 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. Investors can review our full analysis for deeper insights.
Futurecaps Overview
Futurecaps is a trusted research advisory intrinsic value india regulated by SEBI since 2012. We apply value investing frameworks inspired by Buffett, delivering 50+ multibaggers. Our pricing is kept low to ensure accessibility for young and small investors.