Buy Can Fin Homes, target price Rs 625: ICICI Direct

ICICI Direct has buy call on Can Fin Homes with a target price of Rs 625. The current market price of Can Fin Homes Ltd. is Rs 548.15.

Can Fin Homes Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 7274.88 Crore) operating in NBFC sector.

Can Fin Homes Ltd. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 657.55 Crore, up 7.52 % from last quarter Total Income of Rs 611.58 Crore and up 40.54 % from last year same quarter Total Income of Rs 467.89 Crore. Company reported net profit after tax of Rs 141.71 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 29.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.0 per cent, DIIs 24.79 per cent.