Prabhudas Lilladher reiterates Buy on Can Fin Homes, TP INR1,090
Prabhudas Lilladher retained its Buy rating on Can Fin Homes and INR1,090 target, citing expected disbursement growth in the second half of FY27.
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what happened
According to moneycontrol.com, Prabhudas Lilladher reiterated its Buy recommendation on Can Fin Homes and an INR1,090 target price. Disbursements fell 7% year on year in the second quarter because of the implementation of Project Tejas and the cancellation of DDs. The loan book nevertheless grew by about 10% year on year, helped by a lower run-down of 4.17%.
The brokerage expects IT-driven efficiency gains and workforce rationalisation to support disbursement growth in H2FY27. It is taking a cautious view on expansion, however, and models AUM growth of 13% for FY27 and 14% for FY28E, reflecting the weaker first-half run rate.
NIM is expected to remain broadly aligned with guidance at 3.75% in FY27/FY28E. Asset quality remains comfortable, while credit cost guidance for FY27 is approximately 10 basis points. The brokerage made slight changes to its FY27/FY28E estimates to reflect slower growth and stronger competition. Its P/ABV multiple remains at 1.7x September 2028E.
why it matters
The report keeps the market view constructive despite weaker first-half disbursements and more cautious growth assumptions. Efficiency gains, stable margins and comfortable asset quality are central to the outlook.
instruments
sources
- Buy Can Fin Homes; target of Rs 1090: Prabhudas Lilladher — moneycontrol.com, 13 October 2026 at 03:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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