“MD & CEO Resign”

Can Fin Home Limited, a housing finance firm in its BSE filing said that, Shri Girish Kousgi (MD & CEO) has conveyed to the Board of the company today (September 19, 2022) about his decision to resign from the post of “Managing Director & Chief Executive Officer” of the firm owing to personal reasons.

The Company however has said that Girish Kousgi will continue to serve as the MD & CEO and discharge his duties till the date of relieving.

Kousgi joined Can Fin Homes Limited as a Managing Director & CEO back in September 2019, and has held the job since the past 3 years.

Girish Kousgi has an overall experience of 18 years in financial and banking services.

The share of Can Fin Homes Ltd today closed at INR 587 (DOWN 7.56%) on the NSE with a volume of 30,91,324 shares.

Also Read: Nifty prediction for September 2022

7 September 2022

Can Fin Homes Limited is a Housing Finance Company established in the year 1987 with the primary objective to provide housing finance.

Can Fin Homes – History

Can Fin Homes was incorporated on 29th October in Bangalore. The company has been promoted by Canara Bank, jointly with Canbank Financial Services Limited, UTI, HDFC, and ICICI.

Can Fin Homes – Business

Can Fin Homes provide long-term housing loans to individuals and corporate bodies for construction or acquiring houses or flats.

The Company focuses on funding to low and middle-income group individuals as well as first-time homebuyers’ preferably salaried people or professionals.

However, since 2014 the company has increased its exposure to self-employed professionals and non-professionals.

Can Fin Homes – Product Mix

The company mainly has 3 segments (Product Mix) –

• Housing finance (average ticket size is 18 lacs for housing loans)
• Non-housing Finance (average ticket size is 9 lacs for non-housing loans
• Deposits (accepts fixed and cumulative deposits as per the rules of the National Housing Bank)

Can Fin Homes – Network

The Company has a pan India presence with 188 Branches, 21 Affordable Housing Loan Centres (AHLCs), and 12 Satellite Offices (SOs); 198 outlets in total over 100 cities spread across 21 States and Union Territories.

The total number of employees increased from 205 in March 2010 to 838 in Dec 2020.

Road Ahead

The Company’s conscious focus is to penetrate deeper into its known territory in the Southern India region while expanding to potential centres in other parts of the country.

Management Team

• Girish Kousgi (MD & CEO)
• Amitabh Chatterjee (Deputy MD)
• Shamila M (General Manager)

Listed On:

The share of Can Fin Homes Ltd is presently listed on the Bombay Stock Exchange (BSE); CODE 511196 and National Stock Exchange (NSE) as CANFINHOME

Stock Info: Can Fin Homes

Share Holding Pattern

Financials

Conclusion

Can Fin Homes Limited is one of the top players in the housing finance sector, in the country today.

The Company has completed 34 years of operation in the field of home finance and has a renowned history of making profits and paying dividends continuously.

Some of the top institutions like UTI Arbitrage Fund, Canara Robeco Mutual Fund, Axis Mutual Fund Trustee Ltd, L And T Mutual Fund Trustee Ltd, Pgim India Trustees Private Ltd, Invesco India Arbitrage Fund, DSP Flexi Cap Fund, Sundaram Mutual Fund, and Edelweiss Trusteeship Co Ltd are having more than a 1% stake in the company (as of June 2022).

Can Fin homes numbers for June 2022 quarter; Net Sales at INR 612 Cr (UP 36% Y-O-Y and 10% Q-O-Q) while Net Profit at INR 162 Cr (UP 49% Y-O-Y and 32% Q -O-Q)

On the technical front, can fin homes share price is trading above its 21 EMA (617) and 50 EMA (577) on the daily chart.

Keeping the above-listed factors in mind, Can Fin Home looks good at INR 635. Finblab recommends investing in the stock in a staggered manner for the medium to the long haul (3 to 5 years period).

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Can Fin Homes Limited: Value Pick Stock September 2022, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Revenue Q1 FY18-19

DHFL’s standalone revenue for the period ended 30 June 2018 stood at INR 3149.67 Cr which was INR 2495.94 Cr for the same period last year, showing 26.19% growth on YoY basis.

The Company’s total revenue for April to June 2018 quarter stood at INR 3156.09 Cr which was INR 2497.14 Cr a period year ago.

Profit

DHLF’s a profit after tax (PAT) for Q1 FY 2018-19 stood at INR 435.02 Cr which was INR 322.42 Cr for the period ends on 30 June 2017, showing a YoY growth of 34.92 percents.

The Company’s Earnings Per Share, Basic INR 13.87 v/s 10.29 and Diluted 13.81 v/s 10.27.

Loan Book & Disbursements

Loan book outstanding For DHFL saw a growth of 13% to INR 1,00,980.5 Cr during the quarter under review as against INR 76,224.8 Cr in the year-ago period.

Loan disbursements and sanctions for the June quarter stood at INR 13,582.9 Cr an increase of 65%, DHFL chairman and managing director Kapil Wadhawan said.

AUM & NPA

Assets under management (AUM) grew 33% YoY to INR 1,00,980.5 Cr as of June end.

Gross NPA marginally declined to 0.93% while net interest margin rose to 3.44% from 3.04% a year ago.

Rakesh Jhunjhunwala Cuts Stake in April-June Quarter

Ace investor, Rakesh Jhunjhunwala, has cut his shareholding in Dewan Housing Finance to 2.76% in April – June ‘18 quarter, from 3.19% in January – March ‘18 quarter.

Jhunjhunwala Rakesh Radheshyam has sold 13,34,736 equity shares during the quarter, bringing the stake down to 86,65,264 shares from 1,00,00,000 shares earlier, as of June 2018.

Overview – Dewan Housing Finance Corporation Ltd

For over three decades, DHFL has been providing easy access to affordable Housing Finance to realise home-ownership aspirations of millions of Lower and Middle income families in semi-urban and rural India.

The Company was established in the year 1984 with this goal, by a visionary leader Late Shri Rajesh Kumar Wadhawan. Led by Chairman & Managing Director, Mr. Kapil Wadhawan, DHFL has strengthened its position as one of India’s leading housing finance companies and has been benchmarked as a model and a pioneer for expanding financial inclusion across India.

DHFL is rated CARE AAA and achieved BWR FAAA from Brickwork Ratings, which indicate the highest degree of safety regarding timely servicing of financial obligations.

Stock Price Movement

The stock closed up by more than 1.5% to INR 622.25 when the market closed on Monday! During the quarter ended 30 June 2018, the share prices of Dewan Housing Finance Corporation Ltd rose by more than 24%

DHFL on Technical Chart

The stock price of Dewan Housing Finance Corporation Ltd (DHFL) is trading just above its 89 EMA when seeing on the daily chart and trading more than 5% higher when compared to its 200 EMA.

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – Meghmani Organics Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post DHFL Q1 RESULTS FY18-19: KEY HIGHLIGHTS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Revenue

The Company’s revenue from operations, on a standalone basis, grew by 26.22% year-on-year to INR 3601.12 Cr which was INR 2853.04 Cr for the period ended 30 June 2018.

The Company’s total revenue stood at INR 3789.45 Cr for the period ends on 30 June 2018 as compared to INR 3115.59 Cr a year ago.

Company’s consolidated revenue for the period ended 30 June 2018 stood at INR 4071.32 Cr

Profit

The Company’s PAT, standalone basis, stood at INR 967.95 Cr for the period ends on 30 June 2018.

The Indiabulls Group profit stood at INR 1048.68 Cr for the same period.

EPS (Earning Per Share) for the company stood at INR 22.69 (Basic) and INR 22.47 (Diluted) for 30 June 2018.

Dividend

The Board of Directors of the Company has at its meeting held on 31 July 2018 recommended an interim Dividend of INR 10 per share.

Overview – Indiabulls Housing Finance Ltd

Indiabulls Housing Finance Limited (IBHFL) is the 2nd largest private housing finance company in India, regulated by the National Housing Bank (NHB). IBHFL is an ‘AAA’ rated company.

Indiabulls Housing Finance has been ranked the 13th largest Consumer Financial Services Company by Forbes Global 2000 – World’s Largest Companies list in 2018. The Company is a part of one of India’s leading business conglomerates – The Indiabulls Group, which was established in 1999 with business’ spread across housing finance, real estate and wealth management.

The Company has serviced more than 1 Million customers and have cumulatively disbursed home loans of over Rs. 1.97 Trillion as of the last financial year. The Company is having a workforce of over 8111 employees, more than half of which is dedicated to customers and sales, serving as the pillar on which we can meet the many needs of the segment.

Stock Price Movement

The stock closed up by more than 1% to INR 1299 when the market closed on Thursday! During the quarter ended 30 June 2018, the share prices of Indiabulls Housing Finance Limited tumble more than 7%

Indiabulls Housing Finance on Technical Charts

The stock price of Indiabulls Housing Finance (IBHFL) is trading more than 6% higher when compared to its 89 EMA and 7% higher when compared to its 200 EMA.

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Indiabulls Housing Finance: Q1 RESULTS FY18-19 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.