Buy Can Fin Homes, target price Rs 900: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Can Fin Homes with a target price of Rs 900. The current market price of Can Fin Homes Ltd. is Rs 761.1.

Can Fin Homes Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 10149.67 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-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Standalone Total Income of Rs 824.09 Crore, up 7.82 % from last quarter Total Income of Rs 764.29 Crore and up 34.75 % from last year same quarter Total Income of Rs 611.58 Crore. Company reported net profit after tax of Rs 183.45 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 29.99 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.72 per cent, DIIs 27.97 per cent.