Mazagon Dock 30X Returns – What’s Next?
Clients of Futurecaps gained 30X returns from Mazagon Dock and 12X from Cochin Shipyard. So, what’s the next multibagger? – 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: 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 ?18 lakhs for housing loans and ?9 lakhs for non-housing loans. It also accepts Fixed and Cumulative deposits under National Housing Bank guidelines.
Headquartered in Bengaluru, Can Fin has a strong nationwide footprint covering 21 states with 205 branches and multiple specialized housing centers. Shri Suresh S Iyer is the current Managing Director & CEO.
Products & Services
• 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 multibaggers 2025 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.
Risks
• 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.
Futurecaps Overview
Futurecaps is a licensed SEBI Research Analyst delivering investment insights since 2012. We follow Warren Buffett’s value investing principles and have created 50+ multibaggers in the past. Our pricing is investor-friendly, helping new investors benefit.