{"id":310879,"date":"2026-10-15T15:07:59","date_gmt":"2026-10-15T09:37:59","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=310879"},"modified":"2026-10-15T15:07:59","modified_gmt":"2026-10-15T09:37:59","slug":"can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/","title":{"rendered":"Can Fin Homes Share Price: 21% YTD Fall! Will the Stock Rebound? Mirae Asset Answers"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Can Fin Homes share was Rs 735.50 on 13 Oct 2026 and is down about 21% this year against about 15.6% for the Sensex. Q2 FY27 profit rose 9.2% to Rs 274.61 crore, but disbursements fell about 6.8% as an IT migration slowed lending. Axis Securities has a Buy with a target of Rs 915. I could not find the Mirae Asset note named in the headline.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Can Fin Homes share was Rs 735.50 on 13 October 2026, down about 20.9% this year against about 15.6% for the Sensex, and it trades at a price to earnings ratio of about 8.5. Q2 FY27 net profit rose 9.2% to Rs 274.61 crore, but disbursements fell about 6.8% from a year earlier to about Rs 2,375 crore because of an IT migration called Project Tejas. Axis Securities has a Buy rating with a target of Rs 915, about 24% above the price, and management expects disbursement growth to recover in the second half. Whether the stock rebounds depends on that recovery, on rising lending rates and on asset quality, so I set out the evidence below.<\/p>\n<\/p><\/div>\n<p>Can Fin Homes is a housing finance company promoted by Canara Bank, and it lends mainly for home purchase and construction. Its shares have lagged the market this year, which is why analysts are asking whether it can bounce back.<\/p>\n<p>This guide covers the price history, the Q2 FY27 results, the effect of the IT overhaul, the company&#8217;s guidance, valuation against peers and the risks. I could not find the Mirae Asset note that the headline refers to, so I rely on the numbers and views I could verify.<\/p>\n<p>The answer to the headline question rests on whether lending recovers, so the sections below focus on that.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Can_Fin_Homes_Share_Price_How_Far_It_Has_Fallen\" title=\"Can Fin Homes Share Price: How Far It Has Fallen\">Can Fin Homes Share Price: How Far It Has Fallen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Can_Fin_Homes_Q2_FY27_Results\" title=\"Can Fin Homes Q2 FY27 Results\">Can Fin Homes Q2 FY27 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Project_Tejas_Why_Disbursements_Fell\" title=\"Project Tejas: Why Disbursements Fell\">Project Tejas: Why Disbursements Fell<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Can_Fin_Homes_Guidance_Rates_and_Margins\" title=\"Can Fin Homes Guidance, Rates and Margins\">Can Fin Homes Guidance, Rates and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Can_Fin_Homes_Valuation_and_Analyst_Views\" title=\"Can Fin Homes Valuation and Analyst Views\">Can Fin Homes Valuation and Analyst Views<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Will_Can_Fin_Homes_Rebound_What_to_Watch\" title=\"Will Can Fin Homes Rebound? What to Watch\">Will Can Fin Homes Rebound? What to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Why_is_the_Can_Fin_Homes_share_down_21_this_year\" title=\"Why is the Can Fin Homes share down 21% this year?\">Why is the Can Fin Homes share down 21% this year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#What_were_the_Can_Fin_Homes_Q2_FY27_results\" title=\"What were the Can Fin Homes Q2 FY27 results?\">What were the Can Fin Homes Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Will_the_Can_Fin_Homes_share_rebound\" title=\"Will the Can Fin Homes share rebound?\">Will the Can Fin Homes share rebound?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#What_is_the_Axis_Securities_target_for_Can_Fin_Homes\" title=\"What is the Axis Securities target for Can Fin Homes?\">What is the Axis Securities target for Can Fin Homes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#What_is_the_Can_Fin_Homes_PE_ratio\" title=\"What is the Can Fin Homes P\/E ratio?\">What is the Can Fin Homes P\/E ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#What_did_Mirae_Asset_say_about_Can_Fin_Homes\" title=\"What did Mirae Asset say about Can Fin Homes?\">What did Mirae Asset say about Can Fin Homes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#What_is_Project_Tejas\" title=\"What is Project Tejas?\">What is Project Tejas?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/can-fin-homes-share-21-percent-ytd-fall-will-stock-rebound-mirae-asset-answers\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Can_Fin_Homes_Share_Price_How_Far_It_Has_Fallen\"><\/span><strong>Can Fin Homes Share Price: How Far It Has Fallen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price on 13 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 735.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 2.48% from Rs 717.70<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 702 to Rs 970<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price about 24% below the high (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Year to date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 20.94%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex down 15.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One week<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 3.69%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex down 0.63%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One month<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 6.61%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex down 3.82%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 6.78%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex down 12.82%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on 9 Oct (results day)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 718.15<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 0.77%<\/td>\n<\/tr>\n<\/table>\n<p>Can Fin Homes has fallen more than the market this year but has done better than the Sensex over the past year. It also rose 3.69% in the last week, which shows that buyers have started to return after the results.<\/p>\n<p><strong>Risk:<\/strong> A stock near the lower end of its 52-week range can still make new lows if lending stays weak.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen housing finance stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_Fin_Homes_Q2_FY27_Results\"><\/span><strong>Can Fin Homes Q2 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 274.61 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 251.43 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interest income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,121.66 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,043.17 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total income from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,131.18 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,049.45 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 347.22 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 331.58 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 20.62<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 18.88<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 FY27 net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 542.43 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 475.30 crore (up 14.1%)<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Asset quality, 30 Sept 2026<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross NPA (GNPA)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.90%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net NPA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.43%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Provision coverage<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52.82%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capital adequacy (CRAR)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23.34%<\/td>\n<\/tr>\n<\/table>\n<p>Can Fin Homes profit grew 9.2%, which is slower than the 14.1% for the half year. Asset quality remains strong, with gross NPA below 1% and a capital adequacy ratio of over 23%, so credit risk is not the problem.<\/p>\n<p>Net NPA is shown as 0.43% in the filing summary and 0.42% in the Axis Securities note, a small difference between sources.<\/p>\n<p><strong>Risk:<\/strong> Slower profit growth with a high valuation premium would hurt the stock, but here the valuation is low.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Project_Tejas_Why_Disbursements_Fell\"><\/span><strong>Project Tejas: Why Disbursements Fell<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY27 disbursements<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,375 crore net of Rs 29 crore in cancellations; Axis Securities says about 6.8% lower than a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY27 guidance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Disbursements of Rs 13,000 crore maintained; Q3 target of Rs 3,500 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Project Tejas<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A new IT system, now live in all branches; 93 branches went live on 1 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Impact in migration month<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Disbursements at migrating branches fell 70% to 75%, then recovered to 80% to 90% of normal<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other friction<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8 to 10 OTP steps added time, and Telangana property verification caused some cancellations<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Prepayments<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,795 crore in Q2 against Rs 1,857 crore in Q1<\/td>\n<\/tr>\n<\/table>\n<p>Can Fin Homes management called the slowdown temporary and said it would make up the shortfall in the second half. That claim is the heart of the rebound argument, and the Q3 figures will show whether it is right.<\/p>\n<p>The Can Fin Homes sales team is also being expanded, from about 90 people to 150 by December and 250 next year, with a target of Rs 1,500 crore to Rs 1,600 crore of business from this team in FY27.<\/p>\n<p><strong>Risk:<\/strong> If disbursements do not recover in Q3, the guidance of Rs 13,000 crore looks hard to meet.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Can Fin Homes and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_Fin_Homes_Guidance_Rates_and_Margins\"><\/span><strong>Can Fin Homes Guidance, Rates and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Guidance or level<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">AUM growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13% to 14% in FY27, closer to 14%; 15% or more in FY28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net interest margin (NIM)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Guidance of 3.75%, operating level about 3.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Spread<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Guidance of 2.75%, operating level about 2.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Credit cost<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9 basis points in Q2; 10 basis points for the year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lending rates<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Raised by 10 basis points from 8 Oct, against a 25 basis point repo hike<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NHB refinance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,350 crore sanctioned at a blended cost of 6.6% to 6.7%<\/td>\n<\/tr>\n<\/table>\n<p>Can Fin Homes raised its lending rate by less than the repo hike, so the spread could narrow if funding costs rise further. The CFO said a rate rise of 25 to 50 basis points is unlikely to hurt demand.<\/p>\n<p><strong>Risk:<\/strong> Rising rates can slow home loan demand and squeeze spreads at the same time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_Fin_Homes_Valuation_and_Analyst_Views\"><\/span><strong>Can Fin Homes Valuation and Analyst Views<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Can Fin Homes<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Peers<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.49<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LIC Housing Finance 5.43; PNB Housing Finance 13.51; Home First 19.47; Aavas 19.49<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.64<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19.28%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.04%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Axis Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, target Rs 915<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 24% upside from Rs 735, 13 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data site rating<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Upgraded from Sell on 22 Sept 2026<\/td>\n<\/tr>\n<\/table>\n<p>At a price to earnings ratio of 8.49 and a return on equity of about 19%, Can Fin Homes looks inexpensive against most listed peers apart from LIC Housing Finance. A low valuation can persist if growth stays weak, which is why the recovery in disbursements is the key.<\/p>\n<p>Axis Securities expects Can Fin Homes disbursement growth to recover in the second half now that the IT migration is done. It lists a slowdown in credit demand as the main risk.<\/p>\n<p><strong>Risk:<\/strong> A low valuation does not guarantee a rebound, and the stock can stay low for longer than expected.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_Can_Fin_Homes_Rebound_What_to_Watch\"><\/span><strong>Will Can Fin Homes Rebound? What to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Q3 FY27 disbursements against the Rs 3,500 crore target<\/li>\n<li>AUM growth against the guidance of 13% to 14%<\/li>\n<li>The effect of the 10 basis point lending rate rise on demand and spreads<\/li>\n<li>Gross and net NPA, which are currently below 1%<\/li>\n<li>Mirae Asset or other brokerage views and target prices<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can Fin Homes share is down about 21% this year because an IT migration slowed lending, and the stock now trades at a low valuation with strong asset quality. A rebound depends on disbursements recovering in the second half, so watch the Q3 numbers before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_Can_Fin_Homes_share_down_21_this_year\"><\/span><strong>Why is the Can Fin Homes share down 21% this year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Disbursements fell after an IT migration called Project Tejas disrupted lending, profit growth slowed and lending rates rose, according to the company&#8217;s commentary and the numbers I reviewed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Can_Fin_Homes_Q2_FY27_results\"><\/span><strong>What were the Can Fin Homes Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit rose 9.2% to Rs 274.61 crore, with interest income of Rs 1,121.66 crore. Gross NPA was 0.90%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_the_Can_Fin_Homes_share_rebound\"><\/span><strong>Will the Can Fin Homes share rebound?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It depends on whether disbursements recover in the second half. Axis Securities expects it to, with a target of Rs 915, but no one can be sure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Axis_Securities_target_for_Can_Fin_Homes\"><\/span><strong>What is the Axis Securities target for Can Fin Homes?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Buy with a target of Rs 915, about 24% above Rs 735, dated 13 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Can_Fin_Homes_PE_ratio\"><\/span><strong>What is the Can Fin Homes P\/E ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 8.49 on 13 October 2026, against 5.43 for LIC Housing Finance and 13.51 for PNB Housing Finance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Mirae_Asset_say_about_Can_Fin_Homes\"><\/span><strong>What did Mirae Asset say about Can Fin Homes?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> I could not find the Mirae Asset note, so I do not state its view. Please check the original article.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Project_Tejas\"><\/span><strong>What is Project Tejas?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is Can Fin Homes&#8217; new IT system, now live in all branches, which cut disbursements at migrating branches by 70% to 75% in the first month.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is the Can Fin Homes share down 21% this year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Disbursements fell after an IT migration called Project Tejas disrupted lending, profit growth slowed and lending rates rose, according to the company's commentary and the numbers I reviewed.\"}},{\"@type\":\"Question\",\"name\":\"What were the Can Fin Homes Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit rose 9.2% to Rs 274.61 crore, with interest income of Rs 1,121.66 crore. Gross NPA was 0.90%.\"}},{\"@type\":\"Question\",\"name\":\"Will the Can Fin Homes share rebound?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It depends on whether disbursements recover in the second half. Axis Securities expects it to, with a target of Rs 915, but no one can be sure.\"}},{\"@type\":\"Question\",\"name\":\"What is the Axis Securities target for Can Fin Homes?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Buy with a target of Rs 915, about 24% above Rs 735, dated 13 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the Can Fin Homes P\/E ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 8.49 on 13 October 2026, against 5.43 for LIC Housing Finance and 13.51 for PNB Housing Finance.\"}},{\"@type\":\"Question\",\"name\":\"What did Mirae Asset say about Can Fin Homes?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"I could not find the Mirae Asset note, so I do not state its view. Please check the original article.\"}},{\"@type\":\"Question\",\"name\":\"What is Project Tejas?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is Can Fin Homes' new IT system, now live in all branches, which cut disbursements at migrating branches by 70% to 75% in the first month.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Can Fin Homes share is down about 21% this year. See Q2 FY27 results, the Project Tejas impact, valuation and whether the stock can rebound.<\/p>\n","protected":false},"author":34,"featured_media":310878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[12523,12522,12521,6718,12524],"class_list":["post-310879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-axis-securities-target","tag-can-fin-homes-q2-results","tag-can-fin-homes-share-price","tag-housing-finance-stocks","tag-project-tejas"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["310878"],"rank_math_title":["Can Fin Homes Share Down 21% YTD: Will It Rebound?"],"rank_math_description":["Can Fin Homes share is down about 21% this year. See Q2 FY27 results, the Project Tejas impact, valuation, the Axis Securities Rs 915 target and whether it can rebound."],"rank_math_focus_keyword":["Can Fin Homes"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/can-fin-homes-share-price-21-ytd-fall-will-the-stock-rebound-mirae-asset-answers.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=310879"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310879\/revisions"}],"predecessor-version":[{"id":310880,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310879\/revisions\/310880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/310878"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=310879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=310879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=310879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}