Can Fin Homes - Target 1000, 18% upside from Current Levels
Can Fin Homes - Target 1000 - Upside 18.5% from Current Levels CanFin Homes delivered a steady performance in Q2FY26, reporting 18.9% YoY growth in PAT to ₹251 crore, supported by a 19% jump in NII (Net interest income) and improved NIM (Net Interest Margin) at 4%. The AUM (Asset under management) grew 8.4% YoY to ₹39,657 crore despite higher prepayments. Asset quality held firm with GNPA (Gross Non-performing assets) at 0.94%, while management reiterated its FY26 guidance of ₹10,000–10,500 crore disbursements and 12–13% AUM growth. ICICI Securities maintained its Buy rating with a revised target price of ₹1,000, valuing the company at ~1.9x FY27E BV (Book Value). Positives Strong earnings momentum with 19% YoY NII growth and resilient profitability. Margins improved to 4%, supported by lower borrowing costs and improved spreads. Asset quality remains robust with GNPA <1% and minimal credit costs. Confident management outlook, reiterating FY26 disbursement and margin guida...