Can Fin Homes maintains strong credit ratings

Can Fin Homes Limited (CFHL) announced on October 10, 2025, that CARE Ratings Ltd. has assigned or reaffirmed its credit ratings, primarily securing a 'CARE AAA; Stable' outlook for its long-term bank facilities and most non-convertible debentures. The long-term bank facilities, enhanced to ₹10,000.00 crore from ₹5,000.00 crore, along with several non-convertible debentures and Tier II bonds totaling ₹14,875.00 crore, all received the 'CARE AAA; Stable' rating. Commercial papers amounting to ₹4,500.00 crore were rated 'CARE A1+'.

The ratings underscore CFHL’s strong parentage by Canara Bank (29.99% primary shareholder), diversified funding sources, and healthy financial performance. The company reported a profit after tax (PAT) of ₹224 crore on a total income of ₹1,020 crore in Q1FY26. Its asset quality remains comfortable, with gross non-performing assets (GNPA) at 0.98% and net non-performing assets (NNPA) at 0.54% as of June 30, 2025.

Despite high gearing levels (6.73x as of June 30, 2025) and regional concentration in Southern India (56% of branches), the 'Stable' outlook reflects expectations of continued support from Canara Bank and consistent healthy financial performance. CFHL's loan portfolio, largely retail-focused with housing loans comprising 86%, continues to be a key strength.