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.
|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.