Cholamandalam Investment and Finance Co. Ltd. (IN:CHOLAFIN)
:CHOLAFIN
Want to see IN:CHOLAFIN full AI Analyst Report?
Top Page
Cholamandalam Investment and Finance Co. Ltd.
(CHOLAFIN)
Select Model
Select Model
Rating:60Neutral
Price Target:
₹1,637.00
▼(-8.06% Downside)
Action:Downgraded
Date:05/02/26
The score is driven primarily by solid growth and profitability, but is held back by elevated balance-sheet leverage and a historically inconsistent cash-flow profile. Technical indicators are broadly neutral, and valuation is middling with a very low dividend yield offering limited support.
Positive Factors
Revenue Growth
Sustained multi-year revenue growth reflects successful expansion of the loan book and distribution reach. A steady top-line uptrend lasting several years supports durable origination capacity, scale benefits, and the ability to absorb cyclical shocks while funding gradual product or geographic expansion.
Negative Factors
High Leverage
A 6–7x debt-to-equity profile materially increases sensitivity to funding-cost changes and liquidity stress. High leverage amplifies losses in downturns, constrains flexibility for opportunistic investments, and makes the company more dependent on stable wholesale funding and investor confidence to sustain growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue growth reflects successful expansion of the loan book and distribution reach. A steady top-line uptrend lasting several years supports durable origination capacity, scale benefits, and the ability to absorb cyclical shocks while funding gradual product or geographic expansion.
Read all positive factors
Cholamandalam Investment and Finance Co. Ltd. (CHOLAFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.30T
Dividend Yield0.12%
Average Volume (3M)79.81K
Price to Earnings (P/E)17.5
Beta (1Y)1.57
Revenue Growth20.59%
EPS Growth22.13%
CountryIN
Employees38,235
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)55.25
Shares Outstanding852,324,400
10 Day Avg. Volume47,308
30 Day Avg. Volume79,805
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)3.75
Price to Sales (P/S)3.63
P/FCF Ratio7.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)77.1
Revenue Forecast (FY)₹205.57B
Cholamandalam Investment and Finance Co. Ltd. Business Overview & Revenue Model
Company Description
Cholamandalam Investment and Finance Company Limited, a non-banking finance company, provides various financial services in India. The company operates through Vehicle Finance, Loan Against Property, Home Loans, and Other loans segments. It offers...
How the Company Makes Money
CHOLAFIN primarily makes money through net interest income and fee-based income generated from its lending and financial services activities. (1) Interest income from lending: The core revenue stream is interest earned on loans originated across i...
Cholamandalam Investment and Finance Co. Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 286.74B | 315.39B | 258.87B | 191.52B | 128.79B | 101.43B |
| Gross Profit | 149.97B | 165.87B | 134.11B | 99.39B | 71.45B | 58.64B |
| EBITDA | 74.17B | 72.61B | 59.86B | 48.03B | 37.36B | 30.08B |
| Net Income | 46.45B | 52.33B | 42.63B | 34.20B | 26.65B | 21.54B |
Balance Sheet | ||||||
| Total Assets | 2.17T | 2.45T | 2.02T | 1.57T | 1.14T | 824.79B |
| Cash, Cash Equivalents and Short-Term Investments | 104.10B | 146.95B | 95.01B | 43.94B | 9.12B | 26.99B |
| Total Debt | 1.88T | 2.11T | 1.75T | 1.34T | 973.58B | 692.84B |
| Total Liabilities | 1.91T | 2.15T | 1.78T | 1.37T | 992.81B | 707.10B |
| Stockholders Equity | 259.42B | 304.58B | 236.69B | 195.93B | 143.46B | 117.69B |
Cash Flow | ||||||
| Free Cash Flow | -104.75B | 148.35B | -326.13B | -367.59B | -272.82B | -56.67B |
| Operating Cash Flow | -103.19B | 151.00B | -324.13B | -356.83B | -271.05B | -55.71B |
| Investing Cash Flow | -13.41B | -476.75B | -29.48B | -28.55B | -21.48B | 16.40B |
| Financing Cash Flow | 121.01B | 356.10B | 397.95B | 384.71B | 274.66B | 51.50B |
Cholamandalam Investment and Finance Co. Ltd. Technical Analysis
Negative
1780.55
Price Trends
1540.10
Negative
1620.65
Negative
1612.78
Negative
Market Momentum
0.10
Positive
41.84
Neutral
7.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHOLAFIN, the sentiment is Negative. The current price of 1780.55 is above the 20-day moving average (MA) of 1587.84, above the 50-day MA of 1540.10, and above the 200-day MA of 1612.78, indicating a bearish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 41.84 is Neutral, neither overbought nor oversold. The STOCH value of 7.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CHOLAFIN.
Cholamandalam Investment and Finance Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹1.32T | 11.98 | ― | 0.68% | 54.24% | 99.72% | |
62 Neutral | ₹516.47B | 26.89 | ― | 0.71% | 13.88% | 29.05% | |
61 Neutral | ₹698.14B | 18.65 | ― | 0.91% | 10.78% | 12.42% | |
61 Neutral | ₹2.20T | 13.58 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹1.30T | 17.52 | ― | 0.12% | 20.59% | 22.13% | |
54 Neutral | ₹258.84B | 21.42 | ― | 0.80% | -5.36% | -17.52% |
* Financial Sector Average
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,518.85
-135.52
-8.19%
IN:LTF
L&T Finance Ltd
275.60
104.79
61.35%
IN:MANAPPURAM
Manappuram Finance Limited
318.65
92.16
40.69%
IN:MUTHOOTFIN
Muthoot Finance Ltd
3,310.15
1,238.42
59.78%
IN:SHRIRAMFIN
Shriram Finance Limited
923.45
272.75
41.92%
IN:SUNDARMFIN
Sundaram Finance Limited
4,476.55
-655.82
-12.78%
Cholamandalam Investment and Finance Co. Ltd. Corporate Events
Cholamandalam Uploads Q4 FY26 Earnings Call Audio to Website
May 4, 2026
Cholamandalam Investment and Finance Company has notified stock exchanges that it has uploaded the audio recording of its earnings call for the quarter ended 31 March 2026 on its website, complying with disclosure requirements under SEBI’s l...
Cholamandalam Investment Schedules Earnings Call for FY 2026 Update
Apr 21, 2026
Cholamandalam Investment and Finance Company Limited has announced the schedule for its earnings call covering the quarter and full year ended 31 March 2026, to be held on 4 May 2026 at 10:00 IST. The group investor meeting, organised by Kotak Ins...
Cholamandalam Allots 287,232 Equity Shares Under Employee Stock Option Scheme
Apr 20, 2026
Cholamandalam Investment and Finance Company Limited has approved the allotment of 287,232 equity shares with a face value of Rs.2 each to employees who exercised their options under the company’s employee stock option scheme. The company wi...
Cholamandalam Files SEBI Compliance Certificate on Dematerialised Securities
Apr 15, 2026
Cholamandalam Investment and Finance Company Limited has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter from 1 January to 31 March 2026...
Cholamandalam Sets April 30 Board Meet to Approve FY26 Results, Closes Trading Window
Apr 6, 2026
Cholamandalam Investment and Finance Company Limited has scheduled a meeting of its Board of Directors on April 30, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and full year ended March 3...
Cholamandalam Denies Report of Executive Chairman Vellayan Subbiah’s Exit
Feb 26, 2026
Cholamandalam Investment and Finance Company Limited has clarified that recent media reports suggesting Executive Chairman Vellayan Subbiah will exit the company as part of a Murugappa family settlement are false. The company asserts that the spec...
Cholamandalam Raises ₹1,000 Crore via 7-Year Unsecured Subordinated Securities on NSE
Feb 23, 2026
Cholamandalam Investment and Finance Company has privately placed unsecured subordinated non-convertible securities worth ₹1,000 crore, including a ₹500 crore green shoe option, in the Wholesale Debt Market segment of the National Stoc...
Cholamandalam Investment Publishes Postal Ballot, E-Voting Notice for Shareholders
Feb 7, 2026
Cholamandalam Investment and Finance Company Limited has notified the stock exchanges that it has published newspaper advertisements in Business Line (English) and Dinamani (Tamil) regarding a postal ballot and e-voting process for its shareholder...
Cholamandalam Launches E-Voting Postal Ballot for Independent Director’s Reappointment
Feb 6, 2026
Cholamandalam Investment and Finance Company Limited has initiated a postal ballot process, conducted exclusively through remote e-voting, to seek shareholder approval for the re-appointment of Mr. Anand Kumar as an Independent Director for a seco...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.