Can Fin Homes maintains strong credit ratings, some bonds repaid

Can Fin Homes Limited (CFHL) announced that CARE Ratings Ltd. has reaffirmed its credit ratings for various facilities and instruments as of November 17, 2025. Long-term bank facilities and multiple non-convertible debentures (NCDs) were reaffirmed at CARE AAA; Stable, with commercial paper also receiving a reaffirmed rating of CARE A1+. The reaffirmation reflects CFHL's strong parentage, with Canara Bank holding a 29.99% stake as of September 30, 2025, and its commitment to support the company.

The company's comfortable asset quality, diversified resource profile, and adequate profitability metrics also contributed to the stable outlook. CFHL reported a profit after tax (PAT) of ₹475 crore for H1FY26 on a total income of ₹2,070 crore. Overall gearing improved to 6.74x as of September 30, 2025, from 7.45x on March 31, 2024, remaining within expected levels.

CARE Ratings has withdrawn the rating for a Tier II bond (ISIN: INE477A08025) and several non-convertible debenture (NCD) issues, including ISINs INE477A07308, INE477A07316, INE477A07324, INE477A07332, and INE477A07340, with immediate effect, as the company has fully repaid these NCDs. These withdrawn instruments previously held a CARE AAA; Stable rating.