Canfin homes ltd

To get to 35,000 Cr loan book by FY20 they will need a CAGR of 38%. If the target is to be achieved by FY 21, it will need a CAGR of 27%. Both are higher that their current run rate.

Not only current growth rate is lower than their own target, it is also decelerating. Growth in loan book has dropped from 51% in FY 13 to 25% in FY 17.

Source: Company IR Presentations.

With everyone getting into home loan business and targeting salaried home buyers, Canfin will have tough time growing at 25% let alone 38%.

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