Finance
Valuation | |
|---|---|
| Market Cap | 1.47 LCr |
| Price/Earnings (Trailing) | 30.26 |
| Price/Sales (Trailing) | 4.88 |
| EV/EBITDA | 6.79 |
| Price/Free Cashflow | -4.31 |
| MarketCap/EBT | 22.52 |
| Enterprise Value | 1.41 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 6.8% |
| Price Change 1M | -2.5% |
| Price Change 6M | 20.1% |
| Price Change 1Y | 26.1% |
| 3Y Cumulative Return | 30.6% |
| 5Y Cumulative Return | 31% |
| 7Y Cumulative Return | 32.3% |
| 10Y Cumulative Return | 29% |
| Revenue (TTM) |
| 30.11 kCr |
| Rev. Growth (Yr) | 17.1% |
| Earnings (TTM) | 4.85 kCr |
| Earnings Growth (Yr) | 18.5% |
Profitability | |
|---|---|
| Operating Margin | 22% |
| EBT Margin | 22% |
| Return on Equity | 18.68% |
| Return on Assets | 2.24% |
| Free Cashflow Yield | -23.19% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -2.95 kCr |
| Cash Flow from Operations (TTM) | -32.41 kCr |
| Cash Flow from Financing (TTM) | 39.8 kCr |
| Cash & Equivalents | 5.72 kCr |
| Free Cash Flow (TTM) | -32.61 kCr |
| Free Cash Flow/Share (TTM) | -387.7 |
Balance Sheet | |
|---|---|
| Total Assets | 2.17 LCr |
| Total Liabilities | 1.91 LCr |
| Shareholder Equity | 25.94 kCr |
| Net PPE | 1.87 kCr |
| Inventory | 0.00 |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.53 |
| Interest/Cashflow Ops | -1.46 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.11% |
| Shares Dilution (1Y) | 0.40% |
| Shares Dilution (3Y) | 2.7% |
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 30.6% return compared to 13.2% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Awesome revenue growth! Revenue grew 22.8% over last year and 152.5% in last three years on TTM basis.
Profitability: Very strong Profitability. One year profit margin are 16%.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.11% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.40% |
| Earnings/Share (TTM) | 57.58 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 55.57 |
| RSI (5d) | 75.18 |
| RSI (21d) | 45.51 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 30.6% return compared to 13.2% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Awesome revenue growth! Revenue grew 22.8% over last year and 152.5% in last three years on TTM basis.
Profitability: Very strong Profitability. One year profit margin are 16%.
No major cons observed.
Updated Aug 4, 2025
Despite strong growth in profit and income, the company's expenses increased to Rs 5,801 crore.
Disbursements remained flat at Rs 24,325 crore, indicating a potential area of concern for future growth.
The capital adequacy ratio was recorded at 19.96%, although it shows compliance with regulatory standards.
Summary of Cholamandalam Investment and Finance Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
The management of Cholamandalam Investment and Finance Company outlined the following outlook and key points during the Q3 FY25 earnings call:
Growth & Performance:
Asset Quality:
Margins & Liquidity:
Capital & Dividend:
Key Risks:
Management remains confident in achieving growth targets while managing asset quality and margins, with FY26 credit costs expected to improve YoY.
Understand Cholamandalam Investment and Finance Co. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Cholamandalam Financial Holdings Limited | 44.18% |
| Ambadi Investments Limited | 4% |
| NPS TRUST A/C - SBI PENSION FUND - UPS - CG SCHEM | 2.56% |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND | 1.93% |
| SBI NIFTY 500 INDEX FUND | 1.22% |
| INVESCO INDIA BUSINESS CYCLE FUND | 1.21% |
Detailed comparison of Cholamandalam Investment and Finance Co. against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | Bajaj Finance | 6.11 LCr | 79.39 kCr | +1.30% | +15.40% | 27.05 | 7.69 | - | - |
| SUNDARMFIN | SUNDARAM FINANCE |
Comprehensive comparison against sector averages
CHOLAFIN metrics compared to Finance
| Category | CHOLAFIN | Finance |
|---|---|---|
| PE | 30.26 | 29.64 |
| PS | 4.88 | 5.81 |
| Growth | 22.8 % | 16.7 % |
Cholamandalam Investment and Finance Co. is a prominent Non-Banking Financial Company (NBFC) operating in India, trading under the stock ticker CHOLAFIN.
With a substantial market capitalization of Rs. 128,310.8 Crores, the company has established itself as a key player in the financial services sector.
Business Segments:
Cholamandalam operates through various segments including:
The company also extends its services to portfolio management, investment solutions, stock broking for retail and institutional investors, and distributes insurance products and mutual funds.
Additional Services:
Cholamandalam operates the Gaadi Bazaar brand, which serves as a dealer portal facilitating vehicle listings and loan applications. Furthermore, it runs Payswiff, an omni-channel payment solution that enables businesses to accept payments through various methods including mPOS and POS solutions.
Financial Performance:
In recent financial metrics, Cholamandalam has reported a trailing revenue of Rs. 26,152.8 Crores and a profit of Rs. 4,262.7 Crores over the past four quarters. The company has shown impressive revenue growth of 156.6% over the last three years. It also distributes dividends to its investors with a yield of 0.13% per year, having paid a dividend of Rs. 2 per share in the last twelve months.
However, it is noteworthy that the company has diluted shareholder holdings by 2.4% in the past three years. Established in 1978 and based in Chennai, India, Cholamandalam Investment and Finance Co. continues to be a profitable entity in the financial landscape.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
CHOLAFIN vs Finance (2021 - 2026)
CIFCL reported a 21% increase in profit for the June quarter, reaching Rs 1,136 crore compared to Rs 942 crore last year.
Newspaper Publication • 07 Feb 2026 Advertisement on despatch of notice of postal ballot & e-voting to shareholders |
General • 04 Feb 2026 Intimation on submission of application for promoter re-classification under Reg.31A(8) of SEBI (LODR) Regulations |
Analyst / Investor Meet • 02 Feb 2026 Intimation on upload of audio recording of the earnings call in the Company''s website. |
Allotment of ESOP / ESPS • 02 Feb 2026 Intimation on allotment of 40600 shares on exercise of ESOPs |
Change in Directorate • 30 Jan 2026 Recommendation of re-appointment of Mr. Anand Kumar as Independent Director of the Company |
Investor Presentation • 30 Jan 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question 1: Dhaval Gada (DSP)
"Last quarter, we commented that generally, we expect Stage 3 assets to improve in the second half. If you look at Slide 29, the improvement is less, with increases in newer businesses. Could you discuss whether this is in line with expectations and if Q4 will see improvement? Additionally, for CSEL and SME (Slides 67-68), what are the steady-state credit costs?"
Answer: Stage 3 increased due to higher NCLs in CSEL's partnership portfolio (to be phased out by FY26) and delayed SME resolutions via SARFAESI. SME credit costs should stabilize at 0.5% long-term. CSEL's credit costs will decline as partnerships wind down. Asset quality will improve gradually, with Q4 likely better but slower than past years.
Question 2: Dhaval Gada (DSP) "“ Follow-up
"On growth, last time you mentioned 25% medium-term growth. Does this hold for next year?"
Answer: The 25% AUM growth target remains unchanged for FY26, supported by diversified segments like vehicle finance, LAP, and home loans.
Question 3: Dhaval Gala (Aditya Birla Sun Life AMC)
"What is the outlook on NIMs amid rate cycles, and should Q4 asset quality follow historical seasonal improvements?"
Answer: Borrowing costs lag rate cuts by a quarter. Q4 asset quality will improve but less sharply than previous years due to macro challenges (e.g., lower capacity utilization). Vehicle finance NCLs are stabilizing, with resolution progress expected in 3"“4 quarters.
Question 4: Akshay Jain (Autonomous Research)
"Why are credit costs elevated (~155"“160 bps)? Is stress in vehicle finance widespread? Also, clarify SBPL's performance."
Answer: Higher credit costs stem from LAP/Housing normalization (reversals ending) and stressed segments (SCV, tractors). SBPL's steady-state NCL is 1.5"“2%, with ROA at 6%. Vehicle finance stress is product-specific (SCV/used CV improving since Nov'24). GNPA diverges from Stage 3 due to partial recoveries.
Question 5: Harshit Toshniwal (Premji Invest)
"How has headcount shifted toward collections, and will cost ratios remain elevated?"
Answer: 55% of recent hires are in collections, with 31,000 dedicated to recovery. Productivity dipped due to lower disbursements, but cost ratios will stabilize as new businesses mature.
Question 6: Raghav Garg (Ambit Capital)
"What drives LAP's NPL increase, and what's the credit cost guidance for FY26?"
Answer: LAP NPLs are stable (Stage 3 at 2.25%); fluctuations reflect normal roll-forwards. FY26 credit costs will decline YoY, led by vehicle finance improvement. CSEL's partnership disbursements (Rs.1,200Cr in Q3) will phase out.
Question 7: Abhijit Tibrewal (Motilal Oswal)
"Why the 3"“4 quarter timeline for credit cost normalization? Is macro recovery needed?"
Answer: Heavy CV stress (tied to GDP/IIP) requires broader economic recovery, while SCV/LCV improvements are gradual. Vehicle finance NCLs will decline from Q4 but normalize fully in 3"“4 quarters.
Question 8: Pranuj (JPMorgan)
"Why are LAP disbursements slowing, and can Home Loans sustain 16% yields amid growth?"
Answer: LAP disbursements dipped due to procedural delays but will recover. Home Loans target 15% disbursement/30% AUM growth via pan-India expansion, with yields stable via operational efficiency.
Question 9: Hardik Shah (Goldman Sachs)
"How much of LAP is repo-linked, and what's the transmission lag if rates fall?"
Answer: LAP pricing follows internal benchmarks tied to borrowing costs. Transmission lags depend on bank MCLR adjustments, likely 1"“2 quarters.
Question 10: Subramanian Iyer (Morgan Stanley)
"Clarify the Rs.65Cr gain from derecognition and FLDG accounting."
Answer: The gain reflects portfolio assignment to a bank. FLDG income (1% of CSEL's ECL) is booked in other income, inflating reported NCLs.
Question 11: Piran Engineer (CLSA)
"What are LAP/Home Loan growth targets, and how are used car delinquencies trending?"
Answer: LAP targets 25% disbursement/35"“40% AUM growth; Home Loans aim for 30% AUM growth. Used car delinquencies are improving, with no systemic stress.
Question 12: Chandra (Fidelity)
"Why the 3"“4 quarter credit cost lag despite improving early delinquencies? What's the opex outlook?"
Answer: Existing Stage 3 cases require time for resolution (cash flow recovery). Opex/asset (3%) will stay elevated due to growth investments but stabilize post-FY26.
Question 13: Vikram Subramanian (Marshall Wace)
"Why no sharp Q4 credit cost decline despite utilization recovery?"
Answer: Stage 3 customers need sustained repayment capability, which lags utilization improvements. Opex will stay flat near-term but decline as collection hiring stabilizes.
Question 14: Renish Bhuva (ICICI Securities)
"Why rising vehicle finance opex (3.4% vs. 2.8% in Q1'24)?"
Answer: Higher collection hires and lower sales productivity (due to SCV/LCV stress) drove opex up. Efficiency gains from stabilized manpower will reduce opex from FY26.
Question 15: Kunal Shah (Citi)
"How sustain 25% AUM growth amid slower disbursements?"
Answer: Disbursement run rates (18%) and portfolio tenure (e.g., Home Loans) support AUM growth. Vehicle finance opex will ease as collection hiring plateaus.
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY ALPHA 50 INDEX FUND | 1.16% |
| MOTILAL OSWAL BSE 1000 INDEX FUND | 1.08% |
| GOVERNMENT PENSION FUND GLOBAL | 1.06% |
| M.A.Alagappan | 0.29% |
| Shambho Trust (M V Subbiah & S Vellayan,Trustees holds shares for Trust) | 0.16% |
| Arun Alagappan | 0.1% |
| Saraswathi Trust (M V Subbiah, S Vellayan & M V Seetha Subbiah, Trustees holds shares for Trust) | 0.09% |
| Lakshmi Ramaswamy Family Trust(A A Alagammai & Lakshmi Ramaswamy Trustees holds shares for Trust) | 0.07% |
| AR Lakshmi Achi Trust | 0.06% |
| A Venkatachalam | 0.06% |
| Arun Venkatachalam | 0.05% |
| V Arunachalam | 0.05% |
| V Narayanan | 0.05% |
| Valli Annamalai | 0.04% |
Distribution across major stakeholders
Distribution across major institutional holders
| 60.43 kCr |
| 9.58 kCr |
| +2.40% |
| +16.50% |
| 29.13 |
| 6.31 |
| - |
| - |
| M&MFIN | Mahindra & Mahindra Financial Services | 52.88 kCr | 20.42 kCr | +5.70% | +28.10% | 21.43 | 2.59 | - | - |
| 4.3% |
| 74 |
| 71 |
| 67 |
| 64 |
| 59 |
| 63 |
| Impairment on financial instruments | 1.5% | 910 | 897 | 882 | 625 | 664 | 624 |
| Other expenses | 12.3% | 550 | 490 | 468 | 451 | 481 | 467 |
| Profit Before exceptional items and Tax | 10.9% | 1,735 | 1,565 | 1,531 | 1,698 | 1,465 | 1,304 |
| Total profit before tax | 10.9% | 1,735 | 1,565 | 1,531 | 1,698 | 1,465 | 1,304 |
| Current tax | 20.2% | 549 | 457 | 441 | 512 | 471 | 386 |
| Deferred tax | -101.6% | -103.54 | -50.85 | -46.65 | -73.46 | -93.7 | -48.78 |
| Tax expense | 9.9% | 446 | 406 | 394 | 439 | 377 | 337 |
| Total profit (loss) for period | 11.2% | 1,290 | 1,160 | 1,138 | 1,260 | 1,088 | 968 |
| Other comp. income net of taxes | -19.6% | 38 | 47 | -79.8 | -148.92 | 101 | -92.17 |
| Total Comprehensive Income | 10% | 1,328 | 1,207 | 1,058 | 1,111 | 1,189 | 876 |
| Earnings Per Share, Basic | 11.8% | 15.29 | 13.78 | 13.53 | 14.98 | 12.95 | 11.52 |
| Earnings Per Share, Diluted | 11.8% | 15.25 | 13.75 | 13.5 | 14.94 | 12.91 | 11.49 |
| Debt equity ratio | -0.1% | 0.0717 | 0.0723 | 0.0733 | 0.074 | 0.0739 | 0.07 |
| Other income |
| -16.8% |
| 309 |
| 371 |
| 221 |
| 90 |
| 3.61 |
| 0.26 |
| Total Expenses | 38.8% | 20,318 | 14,634 | 9,378 | 7,248 | 7,481 | 7,067 |
| Employee Expense | 40.8% | 3,281 | 2,331 | 1,266 | 895 | 749 | 655 |
| Finance costs | 35.3% | 12,485 | 9,231 | 5,749 | 4,299 | 4,576 | 4,592 |
| Depreciation and Amortization | 23.6% | 242 | 196 | 119 | 97 | 98 | 108 |
| Impairment on financial instruments | 88.7% | 2,494 | 1,322 | 850 | 880 | 1,322 | 897 |
| Other expenses | 16.8% | 1,816 | 1,555 | 1,395 | 1,077 | 736 | 815 |
| Profit Before exceptional items and Tax | 25.2% | 5,737 | 4,582 | 3,600 | 2,891 | 2,038 | 1,586 |
| Total profit before tax | 25.2% | 5,737 | 4,582 | 3,600 | 2,891 | 2,038 | 1,586 |
| Current tax | 45.4% | 1,723 | 1,185 | 882 | 693 | 755 | 567 |
| Deferred tax | -830.7% | -244.98 | -25.43 | 52 | 52 | -231.27 | -33.96 |
| Tax expense | 27.5% | 1,478 | 1,159 | 933 | 744 | 524 | 533 |
| Total profit (loss) for period | 24.4% | 4,259 | 3,423 | 2,666 | 2,147 | 1,515 | 1,052 |
| Other comp. income net of taxes | -133.1% | -141.46 | -60.11 | 34 | 121 | -34.78 | -63.45 |
| Total Comprehensive Income | 22.4% | 4,117 | 3,363 | 2,700 | 2,268 | 1,480 | 989 |
| Reserve excluding revaluation reserves | - | 0 | - | - | - | - | - |
| Earnings Per Share, Basic | 23.6% | 50.67 | 41.2 | 32.45 | 26.16 | 18.48 | 13.37 |
| Earnings Per Share, Diluted | 23.6% | 50.55 | 41.09 | 32.4 | 26.11 | 18.45 | 13.35 |
| Debt equity ratio | 0.6% | 0.074 | 0.0688 | 0.0681 | 0 | - | - |
| 7.4% |
| 213,226 |
| 198,578 |
| 178,626 |
| - |
| - |
| - |
| Current tax assets (Net) | -70.7% | 64 | 216 | 389 | 357 | 404 | 267 |
| Investment property | 0% | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Property, plant and equipment | 7% | 1,869 | 1,747 | 1,628 | 1,534 | 454 | 372 |
| Capital work-in-progress | 190.7% | 8.82 | 3.69 | 0 | 0 | 0 | 36 |
| Total non-financial assets | 5.7% | 3,244 | 3,069 | 2,980 | - | - | - |
| Total assets | 7.4% | 216,470 | 201,648 | 181,606 | 156,451 | 136,881 | 113,516 |
| Equity share capital | 0% | 168 | 168 | 168 | 168 | 165 | 164 |
| Total equity | 9.6% | 25,895 | 23,627 | 21,365 | 19,557 | 15,773 | 14,296 |
| Derivative financial instruments | -16.2% | 239 | 285 | 273 | 187 | 143 | 134 |
| Debt securities | 21.4% | 36,579 | 30,134 | 28,538 | 24,813 | 25,086 | 19,682 |
| Borrowings | 3.7% | 138,783 | 133,792 | 120,899 | 104,511 | 89,268 | 73,186 |
| Subordinated liabilities | 10.3% | 12,152 | 11,020 | 8,358 | 5,150 | 5,115 | 4,487 |
| Total financial liabilities | 7% | 190,210 | 177,692 | 159,929 | - | - | - |
| Current tax liabilities | - | 0 | 0 | - | - | 0 | 0 |
| Provisions | 11.6% | 261 | 234 | 221 | 193 | 158 | 141 |
| Total non financial liabilities | 11.3% | 365 | 328 | 312 | - | - | - |
| Total liabilities | 7.1% | 190,575 | 178,020 | - | 136,894 | 121,108 | 99,219 |
| Total equity and liabilities | 7.4% | 216,470 | 201,648 | 181,606 | 156,451 | 136,881 | 113,516 |
| - |
| Dividends received | -95.7% |
| Interest received | - |
| Other inflows/outflows of cash | -51.4% |
| Net Cashflows From Investing Activities | -6% |
| Proceeds from issuing shares | -97.7% |
| Proceeds from issuing debt etc | -12% |
| Proceeds from borrowings | 16.9% |
| Repayments of borrowings | 12.4% |
| Payments of lease liabilities | 50% |
| Dividends paid | 0.6% |
| Other inflows (outflows) of cash | - |
| Net Cashflows From Financing Activities | 3.4% |
| Net change in cash and cash eq. | 6497.9% |
General • 30 Jan 2026 Intimation pursuant to Regulation 31A of SEBI(Listing Regulations) LODR |
Analysis of Cholamandalam Investment and Finance Co.'s financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Vehicle Finance | 52.6% | 4.2 kCr |
| Loan against property | 19.0% | 1.5 kCr |
| Others | 15.1% | 1.2 kCr |
| Home Loans | 10.5% | 843 Cr |
| Unallocated | 2.8% | 226.9 Cr |
| Total | 8 kCr |