Short Term/Long term Recommendation: Can Fin Homes Limited
Results will be announced on 4th May 15 and good results are expected hence at least 8 to 10% appreciation is expected in next 6 to 8 days from the CMP 717.
Can Fin Homes limited is a housing finance company sponsored by Canara Bank. In last 3quarters of FY15, CFHL has registered a growth of 41% and net profit grew by 14%.
Net sales of FY11- 231.22(Cr), FY12-286.10(Cr), FY13 – 392.48(Cr) and FY14- 577.74(Cr), considering the track record of last 4 years we can expect a good number for FY15 as well.
Just to make it easy for retail investors i am not using any jargons, below i am showcasing the sales and profit of CFHL of last 4 years which anybody can understand & take an informed decision.
Description  Mar-14  Mar-13  Mar-12  Mar-11
Net Sales 577.74 392.48 286.1 231.22
Net Profit 757.12 541.21 437.6 420.1
Dividend payed to customers 65 40 30 25
Earning per share 37 26.42 21.36 20.51
Recently they are aggressively working on increasing their branches which should expand their business significantly.
According to me this is a must buy for long term.