An Unbiased View of multibaggers 2025

Futurecaps Clients Gain 30X from Mazagon Dock – What Lies Ahead?

Clients of Futurecaps gained 30X returns from Mazagon Dock and 12X from Cochin Shipyard. So, what’s the next multibagger? – See our performance and new opportunity below!

Spotlight Pick – Can Fin Homes

Can Fin Homes is a public deposit-taking housing finance company. It mainly caters to salaried professionals from lower and middle segments, in addition to developers and corporates.

Its product portfolio includes: home loans across categories such as affordable housing, subsidy-linked loans, and PMAY schemes. It also extends services to businesses and individuals through varied loan types including site loans and top-up credit.

For individuals, Can Fin also caters through personal financing options, education loans, pensioner loans, along with accepting deposits.

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

Headquartered in Bengaluru, Can Fin has a strong nationwide footprint covering 21 states with 205 branches and multiple specialized housing centers. Shri Suresh S Iyer is the current Managing Director & CEO.

Products & Services

• 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 years.
• Intrinsic value estimated above 30%.
• Average borrowing cost at 6.5%, sustaining healthy spreads.
• Loan book india warren buffett 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.

Futurecaps Valuation Metrics

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

Investment Outlook

The company has the potential to deliver multibagger returns in the order of 300–500% over the next 5–10 years. Check our detailed research note for complete reasoning.

About Futurecaps

Futurecaps is a trusted research advisory regulated by SEBI since 2012. We apply value investing frameworks inspired by Buffett, delivering 50+ multibaggers. Our pricing is investor-friendly, helping new investors benefit.