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CANFINHOME Consensus Forecast

No. of reports in last year
7
No. of analysts
5
Average Consensus Forecast
608.57
Consensus Potential
9.63%

CANFINHOME Price Target Potential

BrokerageTargetPotential
Motilal Oswal66017.03%
CD Equisearch65516.40%
Edelweiss5815.75%
Nirmal Bang5724.27%
Axis Direct5734.43%

CANFINHOME Targets in FrontPage Forums

5 Users have submitted 5 trade ideas of Rs. 280,893.5 for CANFINHOME
100% Bullish
0% Bearish
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CANFINHOME Ratings

Long term CANFINHOME rating by FrontPage users
4.3/5 (4 Ratings)

7 CANFINHOME share price target reports by brokerages below. See what is analyst's view on CANFINHOME share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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CANFINHOME Share Price Target

CANFINHOME Share Price Target - Broker Reports - 2021

3-May-21
Price @ Call: 547.4
Target: 660
BUY
27-Apr-21
Price @ Call: 572.2
Target: 655
ACCUMULATE
28-Jan-21
Price @ Call: 483.55
Target: 581
ACCUMULATE
28-Jan-21
Price @ Call: 483.55
Target: 572
BUY
28-Jan-21
Price @ Call: 477.61
Target: 573
BUY
28-Jan-21
Price @ Call: 477.61
Target: 650
BUY

CANFINHOME Share Price Target - Broker Reports - 2020

29-Oct-20
Price @ Call: 459.19
Target: 569
BUY
23-Jun-20
Price @ Call: 362.17
Target: 430
BUY
Can Fin Homes Ltd is the housing finance arm of Canara bank. The company has dominance in south India with focus on Tier 1 and Tier 2 cities. It provides housing loans, composite loans, non-housing loans, mortgage loans, site loans, loans for commercial properties, as well as fixed and cumulative deposits. Loan book grew to Rs 20,708cr in Q4 FY20 registering a 13% YoY and 2.5% QoQ growth. Interest Income recorded a growth of 16% YoY and 2.3% QoQ whereas Net Interest Income grew by 37% YoY and 8.5% QoQ. Net Interest Margin increased by 9bps to 3.52% due to rising yield and declining cost. GNPA/NNPA improved to 0.76%/0.54% from 0.8%/0.59% in Q3 FY20. We value the stock at 2.1x on FY22E Adj BVPS of Rs.205.2 with a target price of Rs.430 and recommend Buy rating.
... Read more
5-Feb-20
Price @ Call: 483.15
Target: 557
ACCUMULATE
Company with its growing clientele base, increasing branches and stable asset quality has huge upside potential for growth in the tier 3 cities. Expansion to these areas and diversification of loan portfolio from the southern region is expected to reduce the concentration risk going forward. Also the impact of lower costs will be felt over the coming quarters which indicates strong earnings outlook. Hence we value the stock at 2.4x FY22E BVPS with a target price of Rs.557 and retain Accumulate rating on the stock.
... Read more
23-Jan-20
Price @ Call: 455.95
Target: 540
BUY
20% growth in medium term; asset quality, NIM outlook bright Can Fin Homes (CFHL) has reported its 3QFY20 results with the key pointers being: (1) Loan book growth was 15% YoY on the back of strong growth in disbursals (2) NIM, at 3.42%, expanded 8 bps QoQ, aided by reduction in CoF (3) Gross NPAs were stable at 0.80%; likely to improve going forward (See comprehensive conference call takeaways on page 2 for significant incremental colour). Per se, on the key P&L items, CFHL has posted 24% YoY NII growth at Rs1,680mn, PPOP growth of 24% YoY at Rs1,501mn and PAT growth of 41% YoY at Rs1,066mn. We have revised our estimates for FY20/FY21/FY22 and retained Buy rating on CFHL, revising our target price to Rs540 (from Rs490 earlier) and valuing the stock at 2.3x H1FY22E P/BV.
... Read more

CANFINHOME Share Price Target - Broker Reports - 2019

28-Nov-19
Price @ Call: 394.01
Target: 478
BUY
16-Sep-19
Price @ Call: 392.25
Target: 444
BUY
Management is hopeful of achieving its loan book guidance of Rs 23,000cr by year end. CANF’s robust liability situation, ability to withstand liquidity turmoil in NBFCs due to better rating profile, controlled increase in cost of funds relative to competitors, opportunity to accelerate growth led by recovery in its home state of Karnataka keep us positive on the stock while growth remains a key concern. We recommend a ‘Buy’ with a Target Price of Rs 368 (2xFY21 ABV).
... Read more
24-Jul-19
Price @ Call: 392.79
Target: 472
ACCUMULATE
We have revised our NII estimates by 2.7%/2.6%, PPOP estimates by 2.2%/1.8% and PAT estimates by 4.1%/4.5% for FY20/FY21 respectively. We have retained Buy rating on CFHL, revising our target price to Rs472 (from Rs426 earlier) and valuing the stock at 2.3x FY21E P/BV.
... Read more
18-Jun-19
Price @ Call: 335.1
Target: 368
HOLD
CANF’s robust liability situation, ability to withstand liquidity turmoil in NBFCs due to better rating profile, controlled increase in cost of funds relative to competitors, opportunity to accelerate growth led by recovery in its home state of Karnataka keep us positive on the stock while growth remains a key concern. We maintain ‘Hold’ with a Target Price of Rs 368 (2xFY21 ABV).
... Read more
26-Apr-19
Price @ Call: 319.1
Target: 417
BUY
The stock currently trades at 2.6x FY19 BV (12.8x FY19e EPS of Rs 25.02) and 2.1x FY20 BV (10.7x FY20e EPS of Rs 29.85). With its focus on affordable housing loans and significant total network expansion (189 in 9MFY19; 16 opened since FY18), we expect its loan book to grow by 15.0% in FY20. GOI’s CLSS (Credit Link Subsidy Scheme) would also be a big boost as ~60% of its incremental loans are towards LIG (low income group) and 30-35% to MIG-1 (Mid-income group with salary from Rs 6 lacs up to Rs 12 lacs). NII growth would slow down to 5.3% for FY19, but pick up to 21.2% in current fiscal. Return ratios would see an improvement – ROA and ROE of 2.0% and 22.1% respectively in FY20. Weighing odds, we assign ‘buy’ rating on the stock with target price of Rs 417 (previous target Rs 432) based on 2.8x FY20e BV for a period of 9- 12 months; earnings expected to grow at CAGR 14.8% during FY18-20 period.
... Read more
22-Feb-19
Price @ Call: 271.7
Target: 308
BUY
28-Jan-19
Price @ Call: 252.85
Target: 355
BUY

CANFINHOME Share Price Target - Broker Reports - 2018

25-Oct-18
Price @ Call: 250.2
Target: 290
HOLD
24-Oct-18
Price @ Call: 225.5
Target: 273
ACCUMULATE
1-Oct-18
Price @ Call: 237.85
Target: 284
BUY
10-Aug-18
Price @ Call: 321.91
Target: 351
BUY
4-Jul-18
Price @ Call: 342.15
Target: 432
BUY
3-Apr-18
Price @ Call: 434.64
Target: 575
BUY

CANFINHOME Share Price Target - Broker Reports - 2017

28-Nov-17
Price @ Call: 484.13
Target: 588
BUY
6-Nov-17
Price @ Call: 468.8
Target: 580
BUY
17-Oct-17
Price @ Call: 551.01
Target: 644
ACCUMULATE
10-Oct-17
Price @ Call: 531.41
Target: 612
BUY
27-Apr-17
Price @ Call: 509
Target: 580
BUY
24-Jan-17
Price @ Call: 341
Target: 362
HOLD
24-Jan-17
Price @ Call: 341.8
Target: 384
ACCUMULATE
19-Jan-17
Price @ Call: 344.6
Target: 423.2
BUY
18-Jan-17
Price @ Call: 342.6
Target: 452
BUY

CANFINHOME Share Price Target - Broker Reports - 2016

30-Dec-16
Price @ Call: 309.89
Target: 452
BUY
21-Oct-16
Price @ Call: 363
Target: 423.2
BUY
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  • CANFINHOME Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3561.23
    Upside Target 2556.37
    Upside Target 1548.08
    Pivot543.22
    Downside Target 1534.93
    Downside Target 2530.07
    Downside Target 3521.78
  • CANFINHOME Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3594.72
    Upside Target 2581.73
    Upside Target 1560.77
    Pivot547.78
    Downside Target 1526.82
    Downside Target 2513.83
    Downside Target 3492.87
  • CANFINHOME Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3630.37
    Upside Target 2600.18
    Upside Target 1561.87
    Pivot531.68
    Downside Target 1493.37
    Downside Target 2463.18
    Downside Target 3424.87
  • CANFINHOME Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3556.37
    Upside Target 2551.34
    Upside Target 1548.24
    Pivot543.22
    Downside Target 1538.19
    Downside Target 2535.09
    Downside Target 3530.07
  • CANFINHOME Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3581.73
    Upside Target 2568.76
    Upside Target 1560.75
    Pivot547.78
    Downside Target 1534.81
    Downside Target 2526.8
    Downside Target 3513.83
  • CANFINHOME Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3600.18
    Upside Target 2574.02
    Upside Target 1557.85
    Pivot531.68
    Downside Target 1505.52
    Downside Target 2489.35
    Downside Target 3463.18
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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