“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).

Also Read

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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.

Q1 FY 2022-23 Earnings

IndoStar Capital Finance Limited – a non-banking finance company engaged in providing structured term financing solutions to corporates has posted its Q1 numbers today.

The consolidated total revenue of the company for the quarter ended 30 June 2022 stood at INR 313.82 Cr as against INR 264.76 Cr for the same period last year, registering a growth of 18.53% year-on-year basis,

However the revenue for the last quarter ended 31 March 2022 of the company was INR 340.62,

Interest income from commercial vehicles is the highest revenue generator for the company followed by SME income, then Housing finance, and lastly large corporate,

Expenses

INR 247.78 Cr as on 30 June 2022,

INR 314.51 Cr as on 30 June 2021,

INR 1260 Cr as on 31 March 2022

PAT

For the quarter ended 30 June, 2022 the PAT of the company stood at INR 60.93 Cr (driven by lower credit cost provisions in the commercial vehicle loan segment from Q4 FY22) which was a net loss of INR 36.82 Cr for the same period last year,

The company posted a net loss of INR 753.66 Cr for the previous quarter ended 31 March 2022; (impairment on financial instruments of INR 1036.34 Cr occurred last quarter)

Credit Ratings

The credit ratings of the Company have been recently reviewed, after the release of financial results for the year ended 31 March 2022.

CRISIL has maintained the AA- / A1+ rating (with negative implications).

CARE has assigned ratings of A+ / A1+ (with negative implications).

Daily Chart –

indostar capital share price is INR 155.60 on the NSE when the market close last Friday, while the volume is 2,04,449 shares.

Indostar capital is currently trading at 62.5 percent lower when compared to its 52-week high of INR 417.

Must Read: Nifty prediction for August 2022

7 May 2018

IndoStar Capital Finance – a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI) is planning to raise INR 1840 – 1844 Cr via initial public offer (IPO) [Fresh Issue (INR 700 Cr) and Offer for Sale (INR 1140 – 1144 Cr)]

IndoStar Capital Finance – Company Profile

Incorporated in the year 2009, Mumbai based IndoStar Capital Finance Limited is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company.

Working Area

• IndoStar Capital Finance Limited is a professionally managed and institutionally owned organization.
• The Company is primarily engaged in providing structured term financing solutions to corporates and loans to small and medium enterprise (SME) borrowers in India.
• The Company has recently expanded its portfolio to offer (1) Vehicle Finance, and (2) Housing Finance products through its wholly-owned subsidiary IndoStar Home Finance Private Limited.

Product Portfolio

1) CORPORATE LENDING

• Lending to mid-to-large sized corporates in manufacturing, services and infrastructure industries, by way of senior secured debt, structured financing, promoter financing and special situation funding.
• Lending to real estate developers, mainly for financing project level construction of residential and commercial building projects and take-out of early-stage equity investors.
• The Company generally provides lending solutions against tangible collateral as well as security in other forms, such as charge on operating cash flows.

2) SME LENDING

• The Company provides secured loans for business purposes to small and medium size enterprises, including businessmen, traders, manufacturers and self-employed professionals. The property securing these loans is typically completed and largely self-occupied residential and commercial property.
• The Company currently provide SME loans from our branches located in ten key locations across India, namely Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Indore, Jaipur, Mumbai, Pune, and Surat.

3) VEHICLE FINANCE

• The Company commenced Vehicle Finance operations from November 2017.
• The Company provides financial assistance for purchases of used or new commercial vehicles, passenger vehicles and two-wheelers.

4) HOUSING FINANCE

• The Company operates its housing finance business through its wholly-owned subsidiary IndoStar Home Finance Private Limited.
• The Company provides affordable home finance to the salaried and self-employed customers for the purchase of residential properties.

Lenders

The lenders of the company include, among others, 14 public sector banks, 13 private sector banks, 21 mutual funds and four insurance companies and other financial institutions.

Company Network

The distribution network includes approximately 210 personnel in its in-house sales team, and approximately 648 third-party direct sales associates (DSAs) and other third-party intermediaries.

IndoStar Capital Finance – CREDIT RATINGS

• IndoStar is rated by CARE Ratings Ltd., ICRA Limited, CRISIL Limited and India Rating & Research Private Limited (Fitch Group).
• IndoStar enjoys AA – (minus) rating for Long Term borrowings and highest short term rating of A1+ (plus) for Short Term borrowings.

Company Promoters:

The Promoter of the Company is Indostar Capital

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

Financial Performance

Revenues

IndoStar Capital Finance shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 4 years and jumped from INR 396.51 Cr in FY 2014 to INR 719.92 Cr for the period ended FY 2017. (379.84 Cr till Sept 2017)

Profits

Though the company has shown steady growth in revenue, the company has also registered growth in profits in these 4 years. Starting from INR 112.13 Cr of profits in FY2014, the company’s earnings improved to INR 210.79 Cr for the period ended FY 2017. (110.44 Cr till Sept 2017)

CONCLUSION –
Considering company’s valuation, financial parameters, and the sector potential in which it is operating, FinBlab recommends SUBSCRIBE ratings on IndoStar Capital Finance Limited IPO

Also Read –

1) Indian Stock Market Weekly Analysis by Finblab

2) Finblab’s Valuepick Stock for the month of May – GMM PFAUDLER 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 IndoStar Capital Finance Limited IPO – Details, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

The Company’s standalone Revenue from Operations for the period ends on 31 December 2018 comes at INR 540.06 Cr versus INR 432.75 Cr for the same period last year, registering 24.80% growth (year-on-year)

Company’s Net Profit After Tax for October ’18 to December ’18 quatre stood at INR 96.95 Cr against INR 90.84 Cr for the same period last year, showing 6.73 percent growth YoY

The Company’s QoQ revenues grew by 12.39% (INR 480.54 Cr for July – September ’18)

Company reported 8 percent decline for the profit on quarter-on-quarter basis (INR 105.49 Cr for the quarter ends on 30 September 2018)

GRUH Finance Ltd, a subsidiary of HDFC Limited (promoted by HDFC and AKFED) – is a Housing Finance Company (HFC) recognised by the National Housing Bank (NHB) is the pioneer in housing finance in India.

History: GRUH Finance Limited (formerly known as Gujarat Rural Housing Finance Corporation) was incorporated in 1986. The company commenced its operations from Ahmedabad, Gujarat in January 1988.

Business: GRUH offers loans for Purchase, Construction, Repair, Renovation and Extension of dwelling units. The Company also offers loans for purchase of office premises to Professionals and Loan against existing Residential Properties to individuals.

Network: The Company’s retail network consists of 195 branches spreads across 11 states

Loan Disbursement: Company’s cumulative Loan Disbursement stands at INR 28,456 Cr as on 31 March, 2018

Average Loan: Average loan offered in 2017-18 of INR 9.40 LAC

Stock Price Movement

The stock ended 1.75% or INR 3.90 higher to INR 227.10 when the market closed on Friday! During the quarter ended 31 December 2018, the share prices of GRUH Finance Limited has made a low of INR 244 and high of INR 335

GRUH Finance on Technical Charts

The stock prices of GRUH Finance is trading around 22.5% lower when compared to its 200 EMA (293) and trading 17% lower when compared to its 50 EMA (273)

GRUH Finance current market cap is more than INR 16500 Cr and trading at a PE ratio of 38

Also Read –

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PVR Limited Q3 FY 2018-19

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 GRUH Finance Q3 FY 2018-19: Key Highlights 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.

Q1 (April – June 2017) was fantastic as far as Housing Finance sector is concern.

Almost all the companies have shown strong performance in the quarter. The government led actions with the mission of Housing for All by 2022 and Pradhan Mantri Awas Yojana along with Real Estate Regulatory Authority (RERA) Bill has induced substantial positivity in the sector especially from a long term perspective.

For the numbers, the profits of the companies were UP in the range of 15% to 90%, while revenues were up in the range between 8% to 38%.

Market leader HDFC (Housing Development Finance Corporation) registered de-growth both in Profit and Income (were down by 3% and 17% respectively as compared to same period last year).

Star Performer in the Sector:

All the other companies expect that of HDFC were star performer from the sector, where in the companies have shown a healthy jump in profit and revenues as compared to the same period last year.

Here is the data:

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 HOUSING FINANCE SECTOR: Q1 ( APR – JUN ’17 ) NUMBERS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q4 was again fantastic as far as Housing Finance sector is concern. Almost all the companies have shown strong performance in the quarter. Click here for Q3 Results.

For the numbers, the profits of the companies were UP in the range of 18% to 49%, while revenues were up in the range between 10% to 24%.

Country’s largest housing finance company and market leader Housing Development Finance Corporation registered surprising negative growth in Profit (21.59% down) while company’s income was up roughly 10%.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 31 March 2017 was “Indiabulls Housing Finance, DHFL, Can Fin Homes and GIC Housing” where in the companies have shown 28% to 49% jump in profit and 14% to 23% jump in income as compared to the same period last year.

Dewan Housing Finance Corporation’s profit during the fourth quarter of 2016-17 soared to Rs 2,218 crore ( up by 1069% ) taking into account one-time exceptional gain of Rs 1,969.43 crore on stake sale in its insurance arm DHFL Pramerica Life Insurance to its wholly owned subsidiary DHFL Investments Ltd.

Here is the Data:

Sector Outlook:

FinBlab is very positive on the Housing Finance Sector. It is of the view that the current low mortgage penetration offers a huge opportunity for the Housing Finance sector to grow, supported by the country’s sustainable development cycle and the socio-economic transformation through long-term programs like (1) Smart Cities and (2) Make in India that has already been set in motion.

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 Housing Finance Sector: Q4 ( JAN – MAR ’17 ) Results and Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.