Cholamandalam Investment & Finance Company Ltd logo

Cholamandalam Investment & Finance Company Ltd

CHOLAFIN NSE

Key Fundamentals

LargecapNBFCFinancial Services
Market Cap
1.6L Cr
Volatility
Moderate
P/E Ratio
27.53
EBITDA
₹21,641 Cr
Return on Equity
17.17%
Debt to Equity
7.13
Book Value
₹357.03
EPS
₹43.53
52W High
₹1,952.5
52W Low
₹1,299.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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42 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 28.0% CAGR over last 5 years
  • Company's median sales growth is 21.4% of last 10 years

Weaknesses

3
  • Stock is trading at 5.22 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
20.59% ↗
Net Income Growth
22.74% ↗
Cash Flow Change
7.38% ↗
ROE
-4.61% ↘
ROCE
-1.56% ↘
EBITDA Margin (Avg.)
-2.90% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Cholamandalam Investment & Finance is a large-cap NBFC (market cap ~₹1.60 lakh crore) with consistent profit growth of 28% CAGR over five years and AUM crossing ₹2.27 lakh crore across 1,761 branches. The stock trades at a P/E of 27.8x and 5.24x book value, while asset quality has shown some deterioration with GNPA rising to 4.5% in Q1 FY27.

Bull Case 8
  • Strong profit compounding — 28% CAGR in net profit over the last 5 years and 25% CAGR over 10 years demonstrates sustained earnings momentum
  • Consistent revenue growth with TTM sales growth at 20% and a 10-year median sales growth of 21.4%, reflecting durable demand across lending segments
  • FY26 total revenue from operations grew to ₹30,982 crore from ₹25,746 crore in FY25, a 20% YoY increase
  • AUM scaled to over ₹2.27 lakh crore with 23% YoY growth in Q1 FY27, indicating continued disbursement traction across vehicle finance, home loans, and SME lending
  • Q1 FY27 PAT surged 46% YoY to ₹1,656 crore, significantly outpacing the broader NBFC sector's earnings growth
  • Stable ROE of ~19-20% maintained consistently over 3, 5, and 10-year periods, indicating efficient capital deployment
  • Diversified distribution network of 1,761 branches serving 44.7 lakh+ customers provides a wide origination moat
  • Stock CAGR of 24% over 10 years reflects long-term wealth creation track record aligned with fundamentals
Bear Case 8
  • Stock trades at 5.24x price-to-book value, significantly premium to many NBFC peers, leaving limited margin of safety
  • GNPA rose to 4.5% in Q1 FY27 from 4.29% in Q1 FY26, indicating deteriorating asset quality trends
  • Net NPA increased to 2.95% in Q1 FY27 versus 2.86% a year earlier, suggesting credit costs may remain elevated
  • Low interest coverage ratio flagged as a structural concern for a leveraged lending business model
  • Dividend yield of only 0.11% offers negligible income return to shareholders relative to market cap of ₹1.60 lakh crore
  • Potential capitalisation of interest costs may overstate reported profitability and book value
  • P/E of 27.8x is above the historical average for NBFCs, pricing in significant future growth with limited room for execution misses
  • Vehicle finance disbursement growth moderated to 15% in FY26 versus faster growth in prior years, signalling maturation of the core segment

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 4
  • PAT surges 46% in Q1FY27 Jul 28

    Net profit rose 46% YoY to ₹1,654 crore in Q1FY27, driven by 28% surge in net income and 23% AUM growth to ₹2.54 lakh crore.

  • PBT up 45%, NIM expands Jul 28

    Pre-tax profit grew 45% to ₹2,220 Cr in Q1FY27 with NIM improving to 8.2%. Disbursements rose 22% to ₹29,612 Cr.

  • ₹55,000 Cr NCD issuance approved Jul 28

    Board approved issuance of secured and unsecured NCDs worth ₹55,000 crore to fund future growth.

  • Final dividend of ₹0.70 declared Jul 28

    Cholamandalam declared a final dividend of ₹0.70 per share at its 48th AGM held on July 28, 2026.

Neutral 2
  • Q1FY27 earnings call uploaded Jul 28

    Audio recording of Q1FY27 earnings call (quarter ended June 30, 2026) uploaded to website per SEBI regulations.

  • Board meeting scheduled Jul 28 Jul 17

    Board meeting announced for July 28, 2026 to consider NCD issuance and discuss Q1FY27 results with earnings call at 16:30 IST.

TL;DR: Cholamandalam delivered an outstanding Q1FY27 with 46% PAT growth, strong disbursement momentum, and expanding NIMs at 8.2%. AUM crossed ₹2.54 lakh crore reflecting robust demand across lending segments. No visible headwinds emerged this period, and the ₹55,000 Cr NCD raise signals confidence in sustaining growth. The trend is clearly improving with profitability and scale both accelerating.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
4,100
4,623
5,007
5,410
5,812
6,255
6,733
7,046
7,267
7,491
7,898
8,417
8,856
Expenses
1,174
1,391
1,412
1,417
1,727
1,897
2,038
2,010
2,286
2,460
2,554
2,597
2,652
Financing Profit
920
1,028
1,155
1,414
1,289
1,300
1,420
1,671
1,512
1,514
1,698
2,067
2,197
Fin. Margin %
22%
22%
23%
26%
22%
21%
21%
24%
21%
20%
22%
25%
25%
Other Income
71
73
47
105
45
68
105
92
87
123
111
148
102
Interest
2,006
2,204
2,441
2,579
2,796
3,059
3,275
3,365
3,468
3,517
3,646
3,753
4,007
Depreciation
39
39
46
75
59
63
59
64
67
71
74
72
75
PBT
952
1,062
1,156
1,444
1,275
1,305
1,466
1,699
1,532
1,566
1,736
2,143
2,224
Tax %
25%
27%
25%
26%
26%
26%
26%
26%
26%
26%
26%
23%
26%
Net Profit
710
773
872
1,065
947
968
1,088
1,260
1,138
1,160
1,290
1,645
1,656
EPS in Rs
8.64
9.4
10.39
12.68
11.27
11.52
12.94
14.98
13.53
13.78
15.28
19.31
19.43
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
3,715
4,214
4,694
5,559
7,108
8,712
9,583
10,148
12,884
19,163
25,890
31,120
32,663
Expenses
1,061
1,266
1,322
1,451
1,632
2,421
2,858
2,926
3,621
5,385
7,670
9,890
10,264
Financing Profit
696
899
1,143
1,451
1,888
1,699
2,150
2,924
3,515
4,548
5,726
6,845
7,476
Fin. Margin %
19%
21%
24%
26%
27%
20%
22%
29%
27%
24%
22%
22%
23%
Other Income
0
2
3
0
1
0
0
84
220
255
261
412
484
Interest
1,958
2,048
2,228
2,657
3,588
4,592
4,576
4,298
5,748
9,231
12,495
14,384
14,923
Depreciation
30
22
39
51
57
111
102
101
121
198
245
284
292
PBT
666
879
1,107
1,401
1,832
1,588
2,048
2,908
3,615
4,605
5,741
6,973
7,668
Tax %
33%
35%
35%
34%
35%
34%
26%
26%
26%
26%
26%
25%
—
Net Profit
444
575
718
918
1,197
1,054
1,521
2,154
2,665
3,420
4,263
5,233
5,751
EPS in Rs
6.18
7.36
9.21
11.76
15.32
12.86
18.55
26.23
32.42
40.72
50.69
61.41
67.8
Div. Payout %
11%
12%
12%
11%
8%
13%
11%
8%
6%
5%
4%
3%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
144
156
156
156
156
164
164
164
164
168
168
170
Reserves
2,531
3,514
4,142
4,969
6,052
8,036
9,436
11,605
14,182
19,425
23,500
30,288
Borrowing
19,950
22,546
24,071
38,330
50,567
55,005
63,730
69,174
97,358
1,34,475
1,75,036
2,11,070
Other Liabilities
1,243
1,673
2,230
711
715
853
1,314
1,536
1,923
2,618
3,182
3,920
Total Liabilities
23,868
27,889
30,598
44,167
57,490
64,058
74,644
82,478
1,13,627
1,56,686
2,01,887
2,45,448
Fixed Assets
69
120
150
170
167
283
228
259
403
1,563
1,780
1,869
CWIP
0
0
0
4
14
11
10
37
60
13
11
42
Investments
25
16
182
23
42
33
1,583
2,055
3,562
4,036
6,367
6,646
Other Assets
23,775
27,753
30,266
43,970
57,267
63,732
72,823
80,127
1,09,602
1,51,075
1,93,729
2,36,892
Total Assets
23,868
27,889
30,598
44,167
57,490
64,058
74,644
82,478
1,13,627
1,56,686
2,01,887
2,45,448
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-2,264
-2,809
-1,468
-7,926
-9,317
-2,075
-8,842
-5,571
-27,105
-35,683
-32,413
-30,021
Investing
-40
-137
-222
-60
-11
-54
-1,572
1,640
-2,148
-2,855
-2,948
-2,554
Financing
1,819
3,031
1,692
8,009
12,191
2,452
8,516
5,150
27,466
38,471
39,795
35,610
Net Cash Flow
-485
85
2
22
2,862
323
-1,898
1,218
-1,787
-66
4,434
3,035
Free Cash Flow
-2,294
-2,885
-1,525
-7,994
-9,391
-2,145
-8,873
-5,665
-27,293
-36,754
-32,600
-30,263
CFO/OP
-75
-82
-29
-179
-157
-24
-121
-65
-283
-249
-169
-133
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
18%
18%
18%
20%
21%
15%
17%
20%
20%
20%
20%
19%

Shareholding Pattern

As of Jun 2026
Promoters 49.22%
FIIs 24.45%
DIIs 20.62%
Public 4.38%
Others 1.32%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
51.62%
51.61%
51.57%
51.55%
51.55%
51.52%
51.50%
51.49%
51.47%
51.46%
51.43%
50.37%
50.35%
50.33%
50.24%
49.93%
49.92%
49.90%
49.88%
49.72%
49.25%
49.22%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.01%
21.51%
24.73%
26.00%
26.62%
27.17%
27.43%
28.23%
27.96%
26.85%
26.55%
24.87%
24.45%
DIIs
20.28%
17.95%
18.30%
18.39%
19.54%
19.20%
20.64%
21.24%
21.47%
18.60%
20.04%
18.38%
17.04%
16.86%
16.58%
16.10%
15.49%
16.06%
17.27%
17.55%
19.91%
20.62%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
5.87%
6.05%
6.24%
6.18%
6.17%
6.28%
6.14%
6.06%
5.87%
5.69%
5.43%
5.11%
5.18%
4.91%
4.76%
5.20%
4.93%
4.80%
4.54%
4.48%
4.59%
4.38%
Others
22.23%
24.40%
23.89%
23.88%
22.74%
23.00%
21.70%
21.20%
21.18%
24.25%
1.60%
1.41%
1.43%
1.28%
1.25%
1.35%
1.42%
1.27%
1.46%
1.69%
1.37%
1.32%
No. of Shareholders
86,296
1,03,134
1,07,443
1,14,309
1,20,069
1,25,525
1,30,833
1,30,154
1,21,184
1,40,546
1,46,815
1,40,636
1,55,055
1,43,097
1,46,889
1,76,231
1,78,471
1,83,933
1,65,068
1,70,050
1,60,428
1,51,219

Documents

Frequently Asked Questions about Cholamandalam Investment & Finance Company Ltd

What does Cholamandalam Investment & Finance Company Ltd do?
Cholamandalam Investment & Finance Company is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.[1]
Where is Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) listed?
Cholamandalam Investment & Finance Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: CHOLAFIN and BSE: 511243. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Cholamandalam Investment & Finance Company Ltd belong to?
Cholamandalam Investment & Finance Company Ltd operates in the Financial Services sector within the NBFC industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Cholamandalam Investment & Finance Company Ltd?
Cholamandalam Investment & Finance Company Ltd has a market capitalisation of approximately ₹162927.60 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Cholamandalam Investment & Finance Company Ltd?
The Price-to-Earnings (PE) ratio of Cholamandalam Investment & Finance Company Ltd is 27.53. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Cholamandalam Investment & Finance Company Ltd?
Over the past 52 weeks, Cholamandalam Investment & Finance Company Ltd has traded between a low of ₹1,299.4 and a high of ₹1,952.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Cholamandalam Investment & Finance Company Ltd pay dividends?
Yes, Cholamandalam Investment & Finance Company Ltd has a dividend yield of 0.10%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Cholamandalam Investment & Finance Company Ltd?
Cholamandalam Investment & Finance Company Ltd has a Return on Equity (ROE) of 17.17%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Cholamandalam Investment & Finance Company Ltd on Tapetide?
On Tapetide, you can view Cholamandalam Investment & Finance Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Cholamandalam Investment & Finance Company is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.[1]

Website cholamandalam.com
CEO Mr. Murugappan Vellayan Subbiah
Employees 45,194
Listed 1996-05-15
Face Value ₹ 2
Issued Size 84,39,52,471

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