Can Fin Homes Limited
CFHL was incorporated in 1987 by Canara Bank (rated CARE AAA; Stable) in association with financial institutions including HDFC and UTI. CFHL is the first bank-sponsored housing finance company in India with Canara Bank holding a stake of 29.99% as o...
Key Metrics
EPS
56.36
Current ratio
0.07
Debt/Equity
7.43
Debt/EBITDA
33.25
Interest coverage ratio
-
Operating Cashflow to total debt
-0.08
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strong parentage
Healthy asset quality despite moderation in FY24 aided by low-risk portfolio dominated by housing loans to salaried class
Diversified resource profile
Stable Profitability levels
Liquidity: Adequate
Cons
Weakening of the credit profile of Canara Bank.
Change in Canara Bank’s philosophy towards CFHL or announcement of stake sale.
Increase in gearing (Total debt/Net-worth) beyond 10x levels.
Weakening of asset quality with gross stressed assets of above 5% on a sustained basis.
Regional concentration of operations:
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About Can Fin Homes Limited bond.
This comprehensive profile covers key factual information about Can Fin Homes Limited. CFHL was incorporated in 1987 by Canara Bank (rated CARE AAA; Stable) in association with financial institutions including HDFC and UTI. CFHL is the first bank-sponsored housing finance company in India with Canara Bank holding a stake of 29.99% as on June 30, 2024. The company is engaged in the business of providing housing finance to individuals for construction, purchase, repair and upgradation of houses. The company operates mainly in the Southern India with 133 of 219 total branches in South India as on June 30, 2024, with 72% of the total advances from southern states. As on June 30, 2024, CHFL’s advances stood at ₹34,999 crore, housing loans account for major share (~79% as on June 30, 2024) of CFHL’s portfolio, and overall loans to salaried class form major share of ~71.7% as on June 30, 2024. The company reported GNPA ratio of 0.82% and NNPA at 0.42% as on March 31, 2024, against GNPA ratio of 0.55% and NNPA at 0.26% as on March 31, 2023. EPS in Mar-2024 was 56.36. Current ratio in Mar-2024 was 0.07. Debt/Equity in Mar-2024 was 7.43. Debt/EBITDA in Mar-2024 was 33.25. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.08. Total revenue for Mar-2025(E) was ₹3887.27. Net income for Mar-2025(E) stood at ₹833.29. Total assets as of Mar-2024 were ₹36,601.56. Operating cash flow for Mar-2024 was ₹-2,569.60. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), Canara Bank (₹N/A Cr), Proposed (₹N/A Cr), Punjab & Sind Bank (₹N/A Cr). Peers and comparison entities consist of Can Fin Homes Limited, LIC Housing Finance Limited, PNB Housing Finance Limited, Aptus Value Housing Finance India Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong parentage; Healthy asset quality despite moderation in FY24 aided by low-risk portfolio dominated by housing loans to salaried class; Diversified resource profile; Stable Profitability levels; Liquidity: Adequate . Key risks include: Weakening of the credit profile of Canara Bank.; Change in Canara Bank’s philosophy towards CFHL or announcement of stake sale.; Increase in gearing (Total debt/Net-worth) beyond 10x levels.; Weakening of asset quality with gross stressed assets of above 5% on a sustained basis.; Regional concentration of operations:. Leadership team details include A Uthaya Kumar (Chief Risk Officer), Ajai Kumar (Independent Non-Executive Director), Anup Sankar Bhattacharya (Independent Non-Executive Director), Apurav Agarwal (Chief Financial Officer), Arvind Narayan Yennemadi (Independent Non-Executive Director), Chitra Srinath (Head), D R Prabhu (Chief Compliance Officer), Debashish Mukherjee (Promoter Non-Executive Director), H S Suraj (Head), K Satyanarayana Raju (Chairman & Non-Executive Director), M Sundar Raman (Head), Murali Ramaswami (Independent Non-Executive Director), Nilesh Jain (Company Secretary & Compliance Officer), P Ratheesh Kumar (Head), Prashanth Joishy (Head), R Madhu Kumar (Head - Credit), R Murugan (Head), S Mohana Krishna (Head), Shubhalakshmi Aamod Panse (Independent Non-Executive Director), Sikhin Tanu Shaw (Chief Information Officer), Suresh S Iyer (Managing Director & CEO), Vikram Saha (Deputy Managing Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.