Can Fin Homes Limited (CANFINHOME) share price

₹723.75 on NSE as of 2026-10-08. -0.45% on the day. market cap ₹9,637 Cr. P/E 8.5. 52-week range ₹711.00 to ₹950.20. Financial Services.

www.canfinhomes.com

What the company does

CFHL is a deposit -taking housing finance company (HFC) registered with National Housing Bank (NHB). Canara Bank holds a 29.99% stake in CFHL. Headquartered in Bengaluru, the company has a presence in 21 states and Union Territories. CFHL reported a loan book of Rs. 32,944 crore as on September 30, 2023. It primarily provides relatively smaller ticket-sized housing loans to salaried & professional and self -employed non-professional (SENP) borrowers. The average ticket size of the loans is less than Rs. 25 lakh with a median tenure of 16 to 20 years and an income-to-instalment ratio of less than 65%. CFHL reported a net profit (profit after tax; PAT) of Rs. 341.5 crore in H1 FY2024 on a loan book of Rs. 33,359 crore as on September 30, 2023, against a PAT of Rs. 621.2 crore in FY2023 on a loan book of Rs. 31,563 crore as on March 31, 2023.

Filed by ICRA, page 5.

Can Fin Homes Q1 FY27: PAT Up 20% to ₹268 Cr While the Loan Book Runs Down Faster Than It Fills

At a glance

Can Fin Homes lends money to people buying homes, mostly in modest amounts to salaried borrowers. Net profit for the three months to June 2026 was ₹268 crore. That compares with ₹224 crore a year earlier, a rise of 20%. Total income reached ₹1,096 crore, up 7% on the same quarter last year. Profit before tax was ₹339 crore, against ₹278 crore a year ago. Earnings per share, the profit attributed to each single share, was ₹20.11 against ₹16.81. The outstanding loan book reached ₹42,961 crore at the end of June 2026. That is 11% above the ₹38,773 crore it carried a year earlier.

Underneath the headline figures, the mechanics of the quarter were busier than usual. New lending grew 29% over the year, to ₹2,609 crore. Loans also left the book faster, through amortisation, early repayment and closure. That rundown reached ₹1,857 crore, the highest in the company's recent quarterly table. Management attributes the elevated rundown to the way interest rates now reset on its loans. It says customers were moved from annual rate resets to quarterly ones. Rate cuts then shortened loan tenures while monthly instalments stayed the same. Management says more of each instalment therefore goes towards repaying the principal.

Net interest margin measures the gap between what a lender earns on loans and pays on borrowings. That margin widened to 3.81% in the quarter, from 3.64% a year earlier. Gross bad loans stood at 0.87% of the book, or ₹376 crore. Net of the money already set aside against them, the figure was 0.42%. ICRA, a credit-rating agency, reaffirmed the full suite of ratings at AAA (stable) and A1+ on 9 July 2026.

Introduction

Can Fin Homes is a housing finance company that has been lending for 38 years. Canara Bank promoted it in 1987 and still holds 29.99% of the shares. ICRA, a credit-rating agency, says the bank treats that holding as a core and strategic investment. The company is registered with the National Housing Bank and may take public deposits. Deposit-taking means savers can place money with the company directly, alongside its market borrowing. It is headquartered in Bengaluru and has been listed on the exchanges since 1989. Its own materials record dividends paid without a break since inception, mentioned with evident pride.

The branch network now reaches across most of the country. There were 250 branches and offices in 21 states and union territories in June 2026. A year earlier, that network numbered 234 branches and offices. The lending itself is deliberately plain rather than adventurous. It goes to salaried staff, professionals and self-employed borrowers without a professional qualification. The average housing loan runs to about ₹27 lakh, so the book is spread across many borrowers rather than a few large ones. ICRA puts salaried borrowers at roughly 68% of the loan book.

The top of the organisation has changed hands several times in recent months. Chairman K Satyanarayana Raju resigned at the end of 2025 on superannuation, the employer's retirement age. Deputy Managing Director Vikram Saha resigned in April 2026 on transfer back to Canara Bank. Shailesh Kumar Singh was appointed Deputy Managing Director with effect from 3 July 2026. Managing Director and Chief Executive Suresh S Iyer was re-appointed for two years from March 2026. The Reserve Bank of India approved that term and shareholders voted 99.66% in favour.

The board has also cleared two matters involving money. One is an enabling approval to raise up to ₹5,000 crore through debt. The other is a final dividend of ₹8 for the year.

Business model

Can Fin Homes borrows money in bulk and lends it out in small pieces to home buyers. What it keeps is the difference between the rate it pays and the rate it charges. That difference is called the spread, and it is the whole of the model. Everything else the company does is arranged around that one gap.

The borrower mix in June 2026 was 68% salaried people and professionals. Self-employed borrowers without a professional qualification made up the other 32%. Ordinary housing loans make up the bulk of the book by value. Mortgage loans, top-up loans, site loans and repair loans fill the corners.

The money being lent is raised from several places, and banks dominate. They supply 62% of the funding, with the National Housing Bank a further 15%. Non-convertible debentures, which are bonds that never turn into shares, account for 14%. Commercial paper, a form of short-term corporate borrowing, adds 8%. Public deposits, the one retail source, make up the remaining 1%.

On the spending side sit the interest on all that borrowing and the branches themselves. There are 250 branches and offices, which is where the exchange is conducted face to face.

The company describes its own edge as "friendship finance and good service". Nobody has yet devised a ratio for friendship, and the phrase has lasted 38 years of annual reports. Beside it sits the countable part of the record. The borrower base leans salaried and the average housing loan is about ₹27 lakh. Gross bad loans have stayed below 1% of the book for years.

The company also keeps a corporate mascot, a character named Paarth. Its investor material calls him the embodiment of true Canfinite spirit. He is described there as sharp on compliance, driven by service and focused on growth. Paarth appears in the same deck as the funding mix. The activity underneath is lending, at one rate, money that was raised at another.

Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for Can Fin Homes Limited.

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