Cholamandalam Investment logo

Cholamandalam Investment

CHOLAFIN NSE

Key Fundamentals

LargecapNBFCFinancial Services
Market Cap
1.5L Cr
Volatility
Moderate
P/E Ratio
27.23
EBITDA
₹21,641 Cr
Return on Equity
17.17%
Debt to Equity
7.13
Book Value
₹358.78
EPS
₹43.53
52W High
₹1,952.5
52W Low
₹1,299.4

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 5.16 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
ROE
-4.61% lower than 3Y
ROCE
-1.56% lower than 3Y
EBITDA Margin (Avg.)
-2.9% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Cholamandalam Investment & Finance Company Ltd is a large-cap NBFC with a market capitalization of approximately ₹1,54,897 Cr, trading at a P/E of 27.5x and P/B of 5.15x. The company has delivered a compounded profit growth of 28% CAGR over five years and consistent ROE of ~19-20%, while carrying a low interest coverage ratio and trading at a premium valuation relative to book value.

Bull Case 8
  • Strong profit compounding at 28% CAGR over the last 5 years, demonstrating consistent earnings momentum
  • TTM profit growth of 29% indicates accelerating earnings trajectory compared to the 5-year CAGR of 28%
  • Consistent ROE of 19-20% across 3-year, 5-year, and 10-year periods, reflecting stable return generation on equity
  • Compounded sales growth of 34% over 3 years signals strong business expansion and loan book growth
  • Median sales growth of 21.4% over the last 10 years demonstrates a durable long-term revenue growth franchise
  • 10-year compounded profit CAGR of 25% shows the company has sustained high earnings growth across multiple economic cycles
  • Stock CAGR of 27% over 5 years reflects sustained market confidence in the company's growth trajectory
  • Large-cap status with ₹1,54,897 Cr market cap provides liquidity and institutional participation advantages
Bear Case 8
  • P/B ratio of 5.15x is elevated for an NBFC, implying the stock prices in significant future growth already
  • Low interest coverage ratio raises concerns about the company's ability to service debt comfortably from operating profits
  • Potential capitalization of interest costs may overstate reported profitability and asset quality metrics
  • Dividend yield of just 0.11% offers negligible income return to shareholders, with nearly all value dependent on capital appreciation
  • P/E of 27.5x is at a premium to many NBFC peers, leaving limited margin of safety if growth slows
  • ROE has slightly declined from 20% (3-year and 5-year average) to 19% in the last year, a marginal but notable dip
  • TTM sales growth of 20% has decelerated from the 3-year CAGR of 34%, suggesting the pace of loan book expansion may be normalizing
  • As an NBFC, the company is exposed to regulatory tightening by the RBI on capital adequacy, provisioning norms, and sectoral lending caps

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 2
  • ₹2,000 cr perpetual NCD issue Sep 1

    Chola Investment allotted ₹2,000 crore in unsecured perpetual non-convertible securities via private placement at an 8.97% coupon rate, listed on NSE WDM segment.

  • ₹350 cr secured NCD allotment Aug 21

    Chola Investment confirmed allotment of ₹350 crore secured NCDs at an 8.64% coupon rate with a tenure of nearly three years.

TL;DR: Recent activity for Cholamandalam is limited to routine debt-market fundraising with no notable headwinds or positive catalysts. The company raised a combined ₹2,350 crore through two NCD issues in August-September, signaling steady capital mobilization to fund its lending book. Coupon rates of 8.64-8.97% reflect current market conditions for well-rated NBFCs. In the absence of fresh operational or earnings news, the near-term outlook hinges on broader NBFC sector trends and upcoming quarterly results.

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

Log in to view Cholamandalam Investment insights

61 extracted metrics + investor summaries across FY11–FY27.

Log in — free

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 ₹1,54,897 Cr, 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 27.23, on earnings per share of ₹43.53, against a book value of ₹358.78 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.
Does Cholamandalam Investment & Finance Company Ltd pay dividends?
Cholamandalam Investment & Finance Company Ltd has a dividend yield of 0.11%.
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
Issued Size 84,39,52,471

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/CHOLAFIN.md for Cholamandalam Investment & Finance Company Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List