A Trending Review Updates On multibagger stocks

Mazagon Dock 30X Returns – What’s Next?

Clients of Futurecaps gained 30X returns from Mazagon Dock and 12X from Cochin Shipyard. So, what’s the next multibagger? – Check out what’s coming up in our research pipeline.

New Multibagger – Can Fin Homes

Can Fin Homes is a public deposit-taking housing finance company. It focuses on funding low & middle-income individuals and first-time homebuyers, preferably salaried professionals, while also extending services to builders, corporates, and others.

Its product portfolio includes: housing finance tailored to individuals, affordable homes, and PMAY-linked borrowers. It also extends services to businesses and individuals through varied loan types including site loans and top-up credit.

For individuals, Can Fin also provides lending solutions like personal, education, and pensioner loans while mobilizing deposits.

The company operates in three key segments: Housing Finance, Non-housing Finance, and Deposits. The average loan ticket size is 18 lakh for housing and 9 lakh for non-housing credit. It also raises funds via deposits regulated by the National Housing Bank.

Headquartered in Bengaluru, Can Fin has a widespread network spanning 205 branches, affordable housing centers, and satellite offices across India. Shri Suresh S Iyer is the current Managing Director & CEO.

Business Segments

• Housing Finance
• Non-Housing Finance
• Deposits

Why It Stands Out

• 205 branches across 21 states and UTs, serving diverse geographies.
• Plans to expand network and penetrate new high-potential markets.
• Earnings CAGR of ~17.1% over the last 5 multibagger stocks years.
• Intrinsic value estimated above 30%.
• Average borrowing cost at 6.5%, sustaining healthy spreads.
• Loan book crossed ?30,000 crore – strong business growth.
• 27% loan share from self-employed customers (?8,477 crore).
• Attractive valuation: P/E ~15X vs peer average ~24X.
• Better value than Indian diversified financial industry average (28.9X).
• Revenue forecasted at 14.7% growth vs Indian market 9.6%.
• Earnings growth forecast ~13.6%, higher than savings rate.

Challenges

• Intense competition from banks and larger HFCs in Tier I & II cities.
• Credit risk due to borrower defaults.
• Macroeconomic factors like inflation, demand-supply, and interest rates can cause liquidity and funding risks.

Warren Buffett Checklist

• Economic Moat – Moderate
• Growth – Good
• Valuation – Good
• Debt – High
• Integrity – Moderate

Investment Outlook

The company shows strong fundamentals to generate 3–5X returns in the medium to long term. Check our detailed research note for complete reasoning.

Who We Are

Futurecaps is a licensed SEBI Research Analyst delivering investment insights since 2012. We apply value investing frameworks inspired by Buffett, delivering 50+ multibaggers. Our pricing remains affordable so that every growing investor can access quality research.