Cholamandalam Investment logo

Cholamandalam Investment

CHOLAFIN NSE

Key Fundamentals

LargecapNBFCFinancial Services
Market Cap
1.3L Cr
P/E (TTM)
22.77
EBITDA
₹21,641 Cr
Return on Equity
17.17%
Debt to Equity
7.13
Book Value
₹358.66
EPS (TTM)
₹67.80
52W High
₹1,952.50
52W Low
₹1,299.40

Price-based figures as of 8 Oct 2026, 3:56 pm IST · EPS basis: Consolidated · TTM

Tapetide Score

Data-driven rating, 0–100. How it works →

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 4.49 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
20.59% lower than 3Y
Net Income Growth
22.74% lower than 3Y
Cash Flow Change
7.38% lower than 3Y
EBITDA Margin (Avg.)
-2.9% higher than 3Y

AI Analysis — Bull vs Bear

Figures as of 1 Oct 2026
AI opinion · based on fundamentals
Risk medium

As of the 2026-10-01 close, Cholamandalam Investment & Finance traded at ₹1,580, with a market capitalisation of ₹134,981.07 crore, a P/E (TTM) of 23.3x on EPS of ₹67.8 and a P/B of 4.41x. Over the long term the company has grown fast, with 5-year profit CAGR of 28% and 10-year sales CAGR of 22%. Current ROE of 17.17% is below its 3-year average of 20%, and TTM sales growth of 20% is slower than the 3-year CAGR of 34%. The stock is 19.1% below its 52-week high of ₹1,952.5 and has returned 1% over the past year.

Bull Case 7
  • Profit has grown at a 28% CAGR over 5 years and 25% over 10 years. TTM profit growth of 29% shows the trend is holding.
  • Over the last 12 months, profit grew 29% while revenue grew 20%. Profit outpacing revenue suggests better operating efficiency or lower credit costs.
  • Return on equity has stayed high for a long time: 19% over 10 years, 20% over both 3 and 5 years, and 19% last year.
  • Revenue has compounded at 34% over 3 years, 27% over 5 years and 22% over 10 years. The 10-year median sales growth is 21.4%, which points to a large and growing loan book.
  • The stock has returned 1% over 1 year while profit grew 29% TTM. As a result, the P/E has fallen to 23.3x on TTM EPS of ₹67.8, compared with what earnings growth alone would have implied.
  • At ₹1,580, the stock is 19.1% below its 52-week high of ₹1,952.5. Some of the earlier valuation premium has already come out of the price.
  • Long-term shareholder returns have been strong: 21% CAGR over 10 years and 23% over 5 years.
Bear Case 7
  • At a P/B of 4.41x, the stock is expensive for a lending business. This valuation depends on continued high growth and ROE, so any slip in asset quality or growth could hit the price hard.
  • Current ROE of 17.17% is below the 3-year average of 20% and last year's 19%. Returns on equity are trending down.
  • Revenue growth has slowed to 20% TTM from a 34% CAGR over 3 years. This suggests loan growth is moderating as the book gets bigger.
  • Interest coverage is flagged as low and ROCE is 9.46%. This reflects heavy dependence on borrowed money, which makes the company sensitive to rising funding costs and tighter liquidity.
  • The data flags that the company might be capitalising interest cost. For a lender this may be a classification issue, but it should be checked in the reported financials.
  • Dividend yield is 0.12%, so almost all of the return depends on share price gains. Profits are kept in the business to fund growth, and dilutive equity raises remain possible.
  • The stock has returned 1% over 1 year, compared with a 10% 3-year CAGR. It has swung from ₹1,299.4 to ₹1,952.5 within 52 weeks, a range of about 50% of the low. That shows high volatility and a weak price trend despite earnings growth.

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

AI News Digest

6h ago
Neutral 1
  • ₹35.38 crore BSE block trade Sep 23

    About 2,00,000 Cholamandalam shares traded on BSE at ₹1,769 per share, worth ₹35.38 crore in total. The article doesn't say who bought or sold, so it gives no clear signal on direction.

TL;DR: The only news item for CHOLAFIN is a ₹35.38 crore large trade on BSE at ₹1,769 per share. It shows institutional-sized activity but tells us nothing about buyers, sellers or fundamentals. There aren't enough articles to call the trend improving or worsening. Upcoming quarterly results, asset quality in vehicle and SME lending, and borrowing costs are likely to matter more for the stock's direction.

Quarterly Results

Particulars 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

Particulars 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

Particulars 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

Particulars 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

Particulars 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%

Insights

Beta

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

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Shareholding Pattern

Others1.32%Promot.49.22%Public4.38%DIIs20.62%FIIs24.45%As ofJun 2026

Documents

Frequently Asked Questions about Cholamandalam Investment

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 trades as CHOLAFIN on the NSE and under code 511243 on the BSE.
Which sector does Cholamandalam Investment & Finance Company Ltd belong to?
Cholamandalam Investment & Finance Company Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Cholamandalam Investment & Finance Company Ltd?
Cholamandalam Investment & Finance Company Ltd has a market capitalisation of ₹1,31,906 Cr as of 8 Oct 2026, which places it in the Large Cap band.
What is the PE ratio of Cholamandalam Investment & Finance Company Ltd?
Cholamandalam Investment & Finance Company Ltd trades at a PE ratio of 22.77 as of 8 Oct 2026, on earnings per share of ₹67.8, against a book value of ₹358.66 per share.
What is the 52-week high and low of Cholamandalam Investment & Finance Company Ltd?
Over the last 52 weeks Cholamandalam Investment & Finance Company Ltd has traded between ₹1,299.4 and ₹1,952.5 as of 8 Oct 2026.
Does Cholamandalam Investment & Finance Company Ltd pay dividends?
Cholamandalam Investment & Finance Company Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Cholamandalam Investment & Finance Company Ltd?
Cholamandalam Investment & Finance Company Ltd reported a return on equity of 17.17%. Its debt-to-equity ratio is 7.13.

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
Shares Outstanding 85,43,10,592

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