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. So, what’s the next multibagger? – Discover the next big stock idea.
Spotlight Pick – 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: home loans across categories such as affordable housing, subsidy-linked loans, and PMAY schemes. It also extends services to businesses and individuals through varied loan types including site loans and top-up credit.
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 ?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 pan-India presence with 205 branches, 21 Affordable Housing Loan Centers, 12 satellite offices, and a total of 219 outlets across 100+ cities in 21 states and Union Territories. Shri Suresh S Iyer is the current Managing Director & CEO.
Products & Services
• Housing Finance
• Non-Housing Finance
• Deposits
Positives
• 205 branches across 21 states and UTs, serving diverse geographies.
• value investing india 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.
Negatives
• 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.
Warren Buffett Checklist
• Economic Moat – Moderate
• Growth – Good
• Valuation – Good
• Debt – High
• Integrity – Moderate
Investment Outlook
The company appears to be a promising multibagger with 300–500% growth potential in 5–10 years. Investors can review our full analysis for deeper insights.
Who We Are
Futurecaps is a SEBI-registered Research Analyst (INH200006956) serving Indian investors since 2012. We focus on Buffett-style investing, building over 50 multibagger picks. Our pricing is kept low to ensure accessibility for young and small investors.