Cholamandalam Financial Holdings Ltd logo

Cholamandalam Financial Holdings Ltd

CHOLAHLDNG NSE

Cholamandalam Financial Holdings Limited (CFHL) is a part of the Murugappa Group. The Co. is a Core Investment Company registered with the RBI, offering a diverse range of financial products and risk management services to individual and corporate customers through its group companies. [1]

AI Verdict: BUY Confidence: 6%

Cholamandalam Financial Holdings trades at an attractive PE of 5.4x with a strong 5-year profit CAGR of 24% and consistent ROE of 17-19%. The 22% correction in the past year offers a reasonable entry point, though low interest coverage and negligible dividend yield warrant caution.

Key Fundamentals

SmallcapInvestment CompanyFinancial Services
Market Cap
₹31,010 Cr
Volatility
Moderate
P/E Ratio
12.72
EBITDA
₹21,544 Cr
Return on Equity
17.35%
Debt to Equity
13.55
Book Value
₹823
EPS
₹103.82
52W High
₹2,231.6
52W Low
₹1,305

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 24.2% CAGR over last 5 years

Weaknesses

1
  • Company has low interest coverage ratio.

Growth Rate

Revenue Growth
16.77% ↗
Net Income Growth
9.80% ↘
Cash Flow Change
4.27% ↗
ROE
1.27% ↘
ROCE
1.34% ↘
EBITDA Margin (Avg.)
-5.09% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk medium

Cholamandalam Financial Holdings trades at an attractive PE of 5.4x with a strong 5-year profit CAGR of 24% and consistent ROE of 17-19%. The 22% correction in the past year offers a reasonable entry point, though low interest coverage and negligible dividend yield warrant caution.

Bull Case 8
  • Extremely attractive valuation at PE of 5.4x, significantly below financial services sector averages
  • Strong 5-year compounded profit growth of 24% CAGR demonstrates consistent earnings power
  • Consistent ROE track record of 17-19% over 3, 5, and 10-year periods shows efficient capital deployment
  • Robust 5-year sales CAGR of 23% indicates sustained business momentum across subsidiaries
  • TTM sales growth of 18% shows the business continues to scale even in current market conditions
  • Price-to-book ratio of 1.93x is reasonable for a holding company with high-quality NBFC subsidiaries
  • 66.67% of analysts rate it a Buy (2 out of 3 analysts), reflecting positive institutional sentiment
  • 10-year stock CAGR of 17% demonstrates long-term wealth creation capability for patient investors
Bear Case 8
  • Stock has declined 22% in the past 1 year, indicating significant negative momentum and potential value trap risk
  • Low interest coverage ratio flagged as a concern, raising questions about debt servicing ability in a rising rate environment
  • Negligible dividend yield of just 0.08% offers virtually no income return to shareholders
  • ROE has declined from 19% (3-year) to 17% (last year), suggesting potential margin compression
  • TTM profit growth of 12% has decelerated sharply from the 3-year CAGR of 24%, indicating slowing earnings momentum
  • Limited analyst coverage with only 3 total ratings suggests low institutional interest and potential liquidity concerns
  • As a holding company structure, investors face a conglomerate discount versus directly owning subsidiary shares
  • Debt-to-equity ratio unavailable, creating uncertainty about true leverage position in the balance sheet

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 2
  • New CFO Shyam Shankar appointed Jun 15

    Cholamandalam Financial Holdings appointed Shyam Shankar as Manager and CFO effective June 15, 2026. This is a routine leadership transition with no immediate financial impact.

  • ₹61.65 Cr block trade on NSE Jun 8

    A block trade of approximately 4,34,256 shares executed at ₹1419.70 per share totaling ₹61.65 crores on NSE, indicating large institutional activity in the counter.

TL;DR: Limited news flow for Cholamandalam Financial Holdings in recent weeks, with only a CFO appointment and a sizable block trade reported. No material headwinds or bullish catalysts have emerged. The block trade suggests institutional interest at current levels but does not signal directional bias. The outlook remains stable pending fresh operational or financial updates from the company.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
5,186
5,626
6,317
6,795
7,066
7,633
8,090
8,489
8,913
9,296
9,461
9,949
10,366
Expenses
2,244
2,588
2,898
2,978
2,932
3,253
3,537
3,772
3,709
4,142
4,359
4,487
4,541
Financing Profit
1,199
1,025
1,210
1,371
1,552
1,584
1,496
1,438
1,843
1,687
1,585
1,814
2,070
Fin. Margin %
23%
18%
19%
20%
22%
21%
18%
17%
21%
18%
17%
18%
20%
Other Income
97
89
55
48
110
45
91
106
98
88
130
137
156
Interest
1,743
2,013
2,209
2,445
2,582
2,796
3,058
3,280
3,361
3,468
3,518
3,648
3,755
Depreciation
50
52
52
55
88
70
74
72
79
79
83
87
84
PBT
1,246
1,062
1,213
1,363
1,574
1,559
1,513
1,471
1,862
1,696
1,632
1,863
2,142
Tax %
28%
25%
27%
25%
27%
26%
26%
26%
27%
26%
26%
26%
24%
Net Profit
901
792
888
1,027
1,144
1,160
1,125
1,093
1,362
1,260
1,214
1,386
1,626
EPS in Rs
21.72
19.78
22.41
24.88
27.32
29.2
27.99
25.89
32.68
30.81
29.29
33.32
36.59
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
9,696
8,004
2,688
8,909
10,926
13,135
13,900
14,644
18,154
25,830
33,196
39,073
Expenses
6,542
7,029
2,377
4,490
5,147
6,588
6,807
7,210
8,597
11,389
14,269
17,529
Financing Profit
1,051
-1
311
1,764
2,192
1,954
2,485
3,106
3,780
5,191
6,433
7,155
Fin. Margin %
11%
0%
12%
20%
20%
15%
18%
21%
21%
20%
19%
18%
Other Income
123
1,538
1
0
21
1
60
92
221
256
262
510
Interest
2,103
976
0
2,655
3,587
4,592
4,608
4,328
5,778
9,249
12,494
14,388
Depreciation
171
163
17
70
78
150
145
154
176
248
296
333
PBT
1,003
1,374
295
1,695
2,135
1,806
2,400
3,044
3,824
5,200
6,400
7,333
Tax %
32%
27%
30%
34%
34%
36%
27%
26%
26%
26%
26%
25%
Net Profit
684
1,181
538
1,127
1,415
1,165
1,764
2,239
2,810
3,851
4,740
5,485
EPS in Rs
22.68
55.47
24.26
29.32
37.12
29.34
43.93
54.49
68.71
94.39
116
130
Div. Payout %
9%
9%
1%
4%
3%
2%
1%
1%
1%
1%
1%
1%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
37
37
19
19
19
19
19
19
19
19
19
19
Reserves
2,290
3,287
2,745
3,291
3,925
4,572
5,367
6,427
7,642
10,223
12,496
15,435
Borrowing
21,431
1,441
0
38,200
50,447
55,117
63,797
69,229
97,191
1,34,014
1,74,366
2,10,400
Other Liabilities
6,579
4,900
5,129
11,897
13,546
16,147
19,432
22,097
26,181
32,662
37,733
42,479
Total Liabilities
30,338
9,665
7,892
53,407
67,937
75,855
88,616
97,771
1,31,033
1,76,917
2,24,615
2,68,333
Fixed Assets
1,521
1,336
102
311
306
479
447
464
623
1,784
2,029
2,278
CWIP
40
56
0
4
14
11
10
40
60
35
54
28
Investments
2,665
5,141
6,536
6,211
7,552
8,893
11,678
13,282
17,536
20,058
24,271
24,968
Other Assets
26,112
3,131
1,254
46,881
60,065
66,472
76,481
83,984
1,12,813
1,55,041
1,98,261
2,41,059
Total Assets
30,338
9,665
7,892
53,407
67,937
75,855
88,616
97,771
1,31,033
1,76,917
2,24,615
2,68,333
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-1,685
-500
594
-6,302
-9,274
-1,914
-9,719
-5,738
-29,329
-35,726
-34,201
-30,033
Investing
-461
193
-1,263
-1,825
-94
-96
-62
-135
295
-2,625
-1,038
-2,528
Financing
1,704
748
-69
8,287
12,171
2,427
7,688
7,073
27,288
38,269
39,652
35,650
Net Cash Flow
-443
441
-738
160
2,803
417
-2,093
1,199
-1,746
-82
4,413
3,089
Free Cash Flow
-1,822
-674
568
-6,391
-9,367
-2,011
-9,781
-5,874
-29,586
-36,887
-34,528
-30,365
CFO/OP
-41
-13
230
-126
-145
-17
-125
-65
-296
-238
-173
-131
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
19%
21%
15%
18%
19%
13%
17%
17%
18%
20%
19%
17%

Shareholding Pattern

As of Mar 2026
Promoters 46.38%
DIIs 26.10%
FIIs 13.80%
Public 9.75%
Others 3.51%
Government 0.46%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
48.80%
48.80%
48.62%
48.62%
48.62%
48.62%
48.61%
48.61%
48.40%
48.40%
47.37%
47.37%
47.37%
47.32%
47.32%
46.45%
46.45%
46.44%
46.42%
46.38%
46.38%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.13%
0.13%
0.13%
0.13%
12.92%
12.87%
13.78%
13.72%
16.27%
16.37%
17.67%
18.32%
17.39%
16.47%
13.80%
DIIs
26.89%
27.02%
25.32%
24.77%
25.51%
25.61%
26.37%
26.57%
26.57%
26.65%
26.72%
25.97%
25.26%
25.52%
23.02%
22.94%
21.80%
21.43%
22.52%
23.55%
26.10%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
0.46%
Public
10.06%
9.57%
9.36%
9.20%
9.13%
9.10%
8.84%
8.99%
9.05%
9.12%
9.18%
9.87%
9.50%
9.37%
9.40%
10.25%
9.91%
9.86%
9.75%
9.66%
9.75%
Others
14.25%
14.62%
16.70%
17.41%
16.75%
16.68%
15.59%
15.25%
15.39%
15.25%
3.34%
3.45%
3.63%
3.61%
3.52%
3.53%
3.70%
3.49%
3.46%
3.49%
3.51%
No. of Shareholders
20,697
21,376
21,349
21,226
21,279
22,172
20,962
21,289
21,678
23,170
30,623
43,358
32,532
32,946
38,454
48,703
46,380
50,780
47,995
44,225
47,752

Documents

Frequently Asked Questions about Cholamandalam Financial Holdings Ltd

What does Cholamandalam Financial Holdings Ltd do?
Cholamandalam Financial Holdings Limited (CFHL) is a part of the Murugappa Group. The Co. is a Core Investment Company registered with the RBI, offering a diverse range of financial products and risk management services to individual and corporate customers through its group companies. [1]
Where is Cholamandalam Financial Holdings Ltd (CHOLAHLDNG) listed?
Cholamandalam Financial Holdings Ltd is listed on the Indian stock exchanges. It is listed on NSE: CHOLAHLDNG and BSE: 504973. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Cholamandalam Financial Holdings Ltd belong to?
Cholamandalam Financial Holdings Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Cholamandalam Financial Holdings Ltd?
Cholamandalam Financial Holdings Ltd has a market capitalisation of approximately ₹31009.57 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Cholamandalam Financial Holdings Ltd?
The Price-to-Earnings (PE) ratio of Cholamandalam Financial Holdings Ltd is 12.72. 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 Financial Holdings Ltd?
Over the past 52 weeks, Cholamandalam Financial Holdings Ltd has traded between a low of ₹1,305 and a high of ₹2,231.6. This range helps investors understand the stock's price volatility and recent trading levels.
Does Cholamandalam Financial Holdings Ltd pay dividends?
Yes, Cholamandalam Financial Holdings Ltd has a dividend yield of 0.08%. 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 Financial Holdings Ltd?
Cholamandalam Financial Holdings Ltd has a Return on Equity (ROE) of 17.35%. 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 Financial Holdings Ltd on Tapetide?
On Tapetide, you can view Cholamandalam Financial Holdings 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 Financial Holdings Limited (CFHL) is a part of the Murugappa Group. The Co. is a Core Investment Company registered with the RBI, offering a diverse range of financial products and risk management services to individual and corporate customers through its group companies. [1]

Website cholafhl.com
CEO Mr. N. Ganesh
Employees 48,434
Listed 2017-09-25
Face Value ₹ 1
Issued Size 18,77,77,462

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