Can Fin Homes Ltd(CANFINHOME)

NSE: CANFINHOMEBSE: 511196

₹ 708.15-0.86%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 9,429 crWebsite: www.canfinhomes.comUpdated: 24 Oct 2026

About

Can Fin Homes Ltd is an upper layer housing finance company whose parent is Canara Bank. It lends mainly to individual salaried and self-employed borrowers to buy, build and renovate homes. It has a clientele base of 2.90 lakh and 249 branches across 21 states as of FY26, and it reported revenue of Rs 4,216.27 crore in FY26. The company is in its 39th year and describes itself as one of India's leading housing finance institutions.^[1][2]

Loan book mix

AUM was ₹43,539 cr in Q2 FY27, up 10% YoY, after closing FY26 at Rs 42,209 crore.^[3][1]
Self-employed non-professional (SENP) share of AUM was 33% at Sep-26 vs 32% at Jun-26 and 22% at Mar-23; non-housing loans were 16% of AUM.^[3]
Salaried borrowers accounted for 53% of AUM as of FY26, down from 56% in FY25.^[4]
Roadmap 2028 targets SENP at 35% of AUM and non-housing at ~20% by FY28.^[4][3]
87% of floating-rate assets were on quarterly reset in Q2 FY27; annual-reset share fell from 71.14% at end-FY25 to 13.18% by Q1 FY27.^[3][5]

Products and services

Can Fin Vishwas is a housing loan scheme that assesses informal-sector borrowers on their digital transaction history instead of income documents (FY26).^[1]
The Rooftop Solar Loan Scheme finances 3 kW to 10 kW rooftop solar systems on homes (FY26).^[1]
Vani, an AI assistant on the website, gives 24/7 loan account access; chatbots run in Tamil, Kannada, Telugu, Marathi, Gujarati, Hindi and English (FY26).^[1]
The company launched the brand mascot Paarth and the 'Rent Free Revolution' campaign in FY26.^[1]

Key operating metrics

NIM was 3.89% in Q2 FY27 vs 3.81% in Q1 FY27; spread was 2.81% in Q2 FY27 vs 2.83% in Q1 FY27.^[3][5]
Cost of borrowing was 7.03% in Q2 FY27 vs 6.98% in Q1 FY27.^[3][5]
Q2 FY27 disbursements were ₹2,373 cr vs Rs 2,545 cr a year earlier and Rs 2,609 cr in Q1 FY27; H1 FY27 disbursements were ₹4,982 cr, up 9%.^[3]
FY26 disbursements were Rs 10,531 crore vs Rs 8,568 crore in FY25, with an all-time-high quarter of Rs 3,246 crore in Q4 FY26.^[1]
Prepayment rundown was Rs 1,795 cr in Q2 FY27 vs Rs 1,857 cr in Q1; the run-down ratio was 4.17% vs 4.40%.^[3]
Cost to income was 19.59% and RoA 2.42% in Q2 FY27.^[3]

Asset quality and capital

GNPA was 0.90% and NNPA 0.42% in Q2 FY27, vs GNPA 0.85% and NNPA 0.37% at end-FY26.^[3][1]
Credit cost was 9 bps in H1 FY27; PCR including overlay was 68%.^[3]
CRAR was 23.15% at end-FY26 vs 25.08% at end-FY25.^[1][6]
The total delinquency pool fell to 7.99% of AUM by Q4 FY26, from 10.34% in Q1 FY25.^[4]

Branches and distribution

The company had 249 branches across 21 states in FY26, vs 234 branches in FY25; it has no operations outside India.^[1][6]
25 of the 28 branches planned for FY27 had opened and were staffed by Q2 FY27.^[3]
The direct sales team sourced Rs 560 cr in H1 FY27 vs Rs 868 cr in all of FY26. It brought in about 8% of new business in FY26, and the target is 20% direct sourcing by FY28.^[3][1]
The company is expanding in North and West India to diversify beyond its Southern markets.^[1]
Karnataka disbursements stabilised at Rs 230-250 cr per period, as of Q2 FY27.^[3]
The Approved Project Financing pipeline grew to 331 projects by end-Q1 FY27, from 271.^[5]

Funding

The company holds an NHB refinance sanction of ₹1,350 cr at about 6.6-6.7% cost, to be drawn from Q3 FY27.^[3]
The NCD programme carries dual AAA ratings; the second rating was obtained in Q2 FY26.^[7]
Debt-to-equity was 6.40x at end-FY26 vs 6.96x a year earlier.^[4]

Targets and expansion

FY27 targets: disbursements of ₹13,000 cr, including ₹3,500 cr in Q3, and AUM growth of 13-14%.^[3]
FY28 targets: disbursements of ~₹16,000 cr and AUM growth of 15%+.^[3]
The sales team is to reach about 150 people in FY27 and 250 in FY28; digital sourcing is targeted at 10% of disbursements by FY28.^[3]
FY27 credit cost guidance is 10 bps; spread of at least 2.75% and NIM of at least 3.75% are to be protected.^[3]

Recent developments

Project Tejas: the LOS/LMS system went live across all branches in phases from July to October 2026, with full go-live on 1 Oct 2026.^[3]
The migration cut Q2 FY27 disbursements by an estimated Rs 358 cr; branches dropped 70-75% in their migration month.^[3]
After a 25 bps repo rate hike, a 10 bps rate increase was passed on to housing customers effective 8 Oct 2026.^[3]

Market Cap

₹9,429 Cr

High / Low

₹970 / 702

Stock P/E

8.5

Price / Book

1.5

Book Value

₹449

EPS

₹81.5

No. of Shares

13.32 Cr

ROE

19.7%

Debt / Equity

6.40

Sales

₹4,216 Cr

Net Profit

₹1,086 Cr

Promoter holding

30.0%

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