MarketFriction

Cholamandalam Investment & Finance Company Ltd

NSE CHOLAFIN · BSE 511243 · Non Banking Financial Company (NBFC)
₹1,580.00 -2.47%
NSE close2026-10-01
52 week range1,299.40 - 1,952.50
Market cap₹1,39,031 Cr.
P/E24.2
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty Financial Services No price band Delivery 59.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,6235,0075,4105,8126,2556,7337,0467,2677,4917,8988,4178,856
Interest2,2042,4412,5792,7963,0593,2753,3653,4683,5173,6463,7534,007
Expenses1,3911,4121,4171,7271,8972,0382,0102,2862,4602,5542,5972,652
Financing Profit1,0281,1551,4141,2891,3001,4201,6711,5121,5141,6982,0672,197
Financing Margin %22%23%26%22%21%21%24%21%20%22%25%25%
Other Income734710545681059287123111148102
Depreciation394675596359646771747275
Profit before tax1,0621,1561,4441,2751,3051,4661,6991,5321,5661,7362,1432,224
Tax %27%25%26%26%26%26%26%26%26%26%23%26%
Net Profit7738721,0659479681,0881,2601,1381,1601,2901,6451,656
EPS in Rs9.4010.3912.6811.2711.5212.9414.9813.5313.7815.2819.3119.43
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue4,2144,6945,5597,1088,7129,58310,14812,88419,16325,89031,12032,663
Interest2,0482,2282,6573,5884,5924,5764,2985,7489,23112,49514,38414,923
Expenses1,2661,3221,4511,6322,4212,8582,9263,6215,3857,6709,89010,264
Financing Profit8991,1431,4511,8881,6992,1502,9243,5154,5485,7266,8457,476
Financing Margin %21%24%26%27%20%22%29%27%24%22%22%23%
Other Income23010-084220255261412484
Depreciation22395157111102101121198245284292
Profit before tax8791,1071,4011,8321,5882,0482,9083,6154,6055,7416,9737,668
Tax %35%35%34%35%34%26%26%26%26%26%25%
Net Profit5757189181,1971,0541,5212,1542,6653,4204,2635,2335,751
EPS in Rs7.369.2111.7615.3212.8618.5526.2332.4240.7250.6961.4167.80
Dividend Payout %12%12%11%8%13%11%8%6%5%4%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth22%27%34%20%
Compounded Profit Growth25%28%25%29%
Stock Price CAGR22%24%10%1%
Return on Equity19%20%20%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital144156156156156164164164164168168170
Reserves2,5313,5144,1424,9696,0528,0369,43611,60514,18219,42523,50030,288
Borrowing19,95022,54624,07138,33050,56755,00563,73069,17497,358134,475175,036211,070
Other Liabilities1,2431,6732,2307117158531,3141,5361,9232,6183,1823,920
Total Liabilities23,86827,88930,59844,16757,49064,05874,64482,478113,627156,686201,887245,448
Fixed Assets691201501701672832282594031,5631,7801,869
CWIP00041411103760131142
Investments25161822342331,5832,0553,5624,0366,3676,646
Other Assets23,77527,75330,26643,97057,26763,73272,82380,127109,602151,075193,729236,892
Total Assets23,86827,88930,59844,16757,49064,05874,64482,478113,627156,686201,887245,448
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2,264-2,809-1,468-7,926-9,317-2,075-8,842-5,571-27,105-35,683-32,413-30,021
Cash from Investing Activity-40-137-222-60-11-54-1,5721,640-2,148-2,855-2,948-2,554
Cash from Financing Activity1,8193,0311,6928,00912,1912,4528,5165,15027,46638,47139,79535,610
Net Cash Flow-485852222,862323-1,8981,218-1,787-664,4343,035
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%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.43%50.37%50.35%50.33%50.24%49.93%49.92%49.90%49.88%49.72%49.25%49.23%
FIIs21.51%24.73%26.00%26.63%27.17%27.43%28.23%27.96%26.85%26.56%24.87%24.46%
DIIs20.04%18.39%17.05%16.86%16.58%16.10%15.49%16.05%17.27%17.54%19.91%20.62%
Public7.03%6.51%6.61%6.19%6.02%6.56%6.36%6.07%6.00%6.16%5.95%5.70%
No. of Shareholders1,46,8151,40,6361,55,0551,43,0971,46,8891,76,2311,78,4711,83,9331,65,0681,70,0501,60,4281,51,219

Fundamentals

Market Cap₹ 1,39,031 Cr.
Current Price₹ 1,627
Stock P/E24.2
Book Value₹ 357
ROCE9.71 %
ROE19.4 %
Dividend Yield0.12 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)29%
Consolidated figures.
Valuation
Market capRs 134,725 Cr
Enterprise valueRs 331,100 Cr
P/E (TTM)23.43x
Price to book4.42x
Price to sales4.12x
EV / EBITDA14.47x
EV / EBIT14.66x
EV / sales10.14x
Earnings yield4.27%
Dividend yield0.13%
P/E, 3-year average26.84x
P/B, 3-year average4.72x
P/E, 5-year average26.29x
P/B, 5-year average4.71x
Profitability
Operating margin (excl. other income)68.22%
Operating margin (incl. other income)69.54%
EBITDA margin70.06%
Pre-tax margin23.48%
Net profit margin17.61%
Net margin, latest quarter18.70%
ROE19.33%
ROCE9.70%
ROA2.34%
ROE, 3-year average19.73%
ROCE, 3-year average10.15%
ROA, 3-year average2.42%
ROE, 5-year average19.95%
ROCE, 5-year average9.90%
ROA, 5-year average2.54%
ROIC (approx.)7.47%
Tax rate25.01%
Other income / net worth1.35%
Growth
Sales growth (latest year)20.20%
Profit growth (latest year)22.75%
Sales CAGR, 3 years34.17%
Sales CAGR, 5 years26.56%
Profit CAGR, 3 years25.22%
Profit CAGR, 5 years28.03%
Sales growth QoQ5.22%
Profit growth QoQ0.67%
Sales growth YoY (latest quarter)21.87%
Profit growth YoY (latest quarter)45.56%
Per share
EPS (TTM)Rs 67.45
EPS (latest year)Rs 61.37
EPS (latest quarter)Rs 19.42
EPS, 3-year averageRs 50.90
EPS, 5-year averageRs 42.26
Book value per shareRs 357.20
Sales per shareRs 383.05
Cash flow per shareRs -352.07
Free cash flow per shareRs -354.91
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout3.26%
Dividend payout, 3-year average4.04%
Dividend payout, 5-year average5.18%
Efficiency
Asset turnover0.13x
Fixed asset turnover16.65x
Debtor days4 days
Debtors turnover95.15x
Leverage
Total debtRs 211,070 Cr
Cash and bankRs 14,695 Cr
Net debtRs 196,375 Cr
Debt to equity6.93x
Net debt / EBITDA8.58x
Interest coverage1.51x
Owners' fund to total sources12.41%
Debt to assets85.99%
Cash flow
Cash from Operating Activity (latest year)Rs -30,021 Cr
Cash from Investing Activity (latest year)Rs -2,554 Cr
Cash from Financing Activity (latest year)Rs 35,610 Cr
Net Cash Flow (latest year)Rs 3,035 Cr
Free cash flow (latest year)Rs -30,263 Cr
FCFE (approx.: FCF + change in debt)Rs 5,771 Cr
Cash from ops / profit, 5 years-7.37x
Statement figures
Net sales (TTM)Rs 32,663 Cr
Net sales (latest year)Rs 31,120 Cr
Sales (latest quarter)Rs 8,856 Cr
Operating profit excl. other income (latest year)Rs 21,229 Cr
Operating profit (latest quarter)Rs 6,204 Cr
Other income (TTM)Rs 484 Cr
EBITDA (TTM)Rs 22,883 Cr
PBDT (TTM)Rs 7,960 Cr
Profit before tax (TTM)Rs 7,668 Cr
Tax (latest year)Rs 1,744 Cr
Net profit (TTM)Rs 5,751 Cr
Net profit (latest year)Rs 5,233 Cr
Net profit (latest quarter)Rs 1,656 Cr
Depreciation (TTM)Rs 292 Cr
Depreciation (latest quarter)Rs 75 Cr
Interest (TTM)Rs 14,923 Cr
Cost of goods sold (latest year)Rs 158 Cr
Total expenditure (latest year)Rs 9,890 Cr
Total income (latest year)Rs 31,532 Cr
Share capitalRs 170 Cr
ReservesRs 30,288 Cr
Shareholders' fundsRs 30,458 Cr
Total assetsRs 245,448 Cr
Net blockRs 1,869 Cr
Capital work in progressRs 42 Cr
InvestmentsRs 6,646 Cr
ReceivablesRs 327 Cr
Other liabilitiesRs 3,920 Cr
Shares outstanding (crore)85.27
Ownership
Promoter holding49.23% (-0.67 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 23.4 is at the 19th percentile of its own 9.4-year range (median 29.9, low 10.1, high 46.3).
P/B 4.42 is at the 24th percentile (median 5.18).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCHOLAFINNifty 50Difference
1 week-6.0%-2.8% -3.3 pts
1 month-12.9%-6.8% -6.1 pts
3 months-11.7%-7.6% -4.1 pts
6 months+16.6%+0.4% +16.2 pts
1 year-0.8%-9.9% +9.1 pts
2 years-3.3%-13.6% +10.3 pts
3 years+29.8%+14.2% +15.6 pts
5 years+182.8%+27.9% +154.9 pts
307 mutual fund schemes hold about ₹21,480 Cr. Over three months 239 bought more and 41 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Large Cap Fundd2.22%1,226 +17%
HDFC Large Cap Fund2.44%973 +15%
Kotak Mid Cap Fund1.15%816 -30%
Axis ELSS-Tax Saver Fund2.39%782 +10%
Kotak Arbitrage Fund(M0.98%742 +81%
SBI Balanced Advantage Fund1.62%683 +73%
Axis Large Cap Fund1.92%602 +16%
DSP Midcap Fund2.59%544 -5%
Invesco India Contra Fund2.62%541 +14%
ICICI Pru Balanced Advantage Fund(M0.70%528 +4%
HDFC Balanced Advantage Fund0.47%500 +17%
SBI ELSS Tax Saver Fund1.52%483 +18%
Canara Rob Large and Mid Cap Fund1.79%472 +9%
Nippon India Large Cap Fund0.79%426 -14%
ICICI Pru Focused Fund2.14%385 -6%
UTI Flexi Cap Fund1.51%365 +128%
360 ONE Focused Fund4.90%333 -5%
ICICI Pru Nifty Next 50 Index Fund3.16%320 +13%
DSP Flexi Cap Fund2.50%313 -7%
Axis Flexi Cap Fund2.15%300 +12%
Axis Flexi Cap Fund2.15%290 +12%
Invesco India Large & Mid Cap Fund2.45%288 +6%
SBI Arbitrage Fund0.61%287 +12%
SBI Banking & Financial Services Fund2.39%260 +17%
Kotak Aggressive Hybrid Fund2.78%256 +0%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -760% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
explainLow interest cover Interest cover 1.5x in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-11-29Lakshmi Ramaswamy Family TrustPromoter Groupother125,000Rs 6.78 CrOff Market
2021-09-03Reji Abraham-sell3,200Rs 0.19 CrMarket Sale
2021-09-03R ChandrasekarEmployees/Designated Employeother56,000Rs 3.27 CrRevokation of Pledge
2021-09-03R ChandrasekarEmployees/Designated Employesell56,000Rs 3.27 CrMarket Sale
2021-09-02Madhusudanan C P-other4,750Rs 0.27 CrRevokation of Pledge
2021-09-02Madhusudanan C P-sell4,750Rs 0.27 CrMarket Sale
2021-09-01Valli Subbiah Benefit TrustEmployees/Designated Employesell40,000Rs 2.28 CrMarket Sale
2021-08-31Vijay Kini K MEmployees/Designated Employeother20,000Rs 0.40 CrESOP
2021-08-31Aman SainiEmployees/Designated Employeother8,980Rs 0.25 CrESOP
2021-08-31Ashish Prakash PotulwarEmployees/Designated Employeother17,400Rs 0.35 CrESOP
2021-08-31Bibhu Prasad PadhiEmployees/Designated Employeother18,430Rs 0.37 CrESOP
2021-08-31ARULSELVAN DKey Managerial Personnelother35,000Rs 0.71 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹8,856 Cr +21.9% vs Jun 2025. Net profit ₹1,656 Cr +45.5%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Bajaj Finance Ltd606,28329.610.9 %
Shriram Finance Ltd228,59820.211.5 %
Tata Capital Ltd140,65425.98.58 %
Muthoot Finance Ltd109,8749.6615.8 %
L&T Finance Ltd67,93521.28.40 %
SBI Cards & Payment Services Ltd55,29024.310.1 %
HDB Financial Services Ltd52,41519.09.09 %
Sundaram Finance Ltd48,16121.29.44 %
Authum Investment & Infrastructure Ltd46,01122.013.6 %
Mahindra & Mahindra Financial Services Ltd45,03513.58.72 %
Poonawalla Fincorp Ltd39,01149.67.51 %
Manappuram Finance Ltd29,72520.58.25 %
IIFL Finance Ltd25,92912.310.9 %
Capri Global Capital Ltd23,75621.111.7 %
Five-Star Business Finance Ltd14,67913.314.8 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-21Dividend - Re 0.70 Per Share
2026-02-05Interim Dividend - Rs 1.30 Per Share
2025-07-24Dividend - Re 0.70 Per Share
2025-02-07Interim Dividend - Rs 1.30 Per Share
2024-07-19Dividend - Re 0.70 Per Share
2024-02-07Interim Dividend - Rs 1.30 Per Share
2023-07-25Annual General Meeting/Dividend - Re 0.70 Per Share
2023-02-10Interim Dividend - Rs 1.30 Per Share
2022-07-21Dividend - Rs 0.70 Per Share
2022-02-10Interim Dividend - Rs 1.30 Per Share
2021-07-22 Annual General Meeting/Dividend - Rs 0.70 Per Share
2021-02-09 Interimdividend - Rs 1.30 Per Share
2020-03-04 Interim Dividend-Re 0.70 Per Share
2019-12-23 Interim Dividend - Re 1 Pr Sh
2019-07-22 Annual General Meeting/Dividend - Re 0.40 Per Share
2019-06-14 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2019-02-08 Interim Dividend - Rs 4.50 Per Share
2018-07-18 Annual General Meeting / Dividend- Rs 2 Per Share
2018-02-09 Interim Dividend Rs 4.50 Per Share
2017-07-19 Annual General Meeting/Dividend - Rs 2/- Per Share
2017-02-06 Interim Dividend Rs 3.50 Per Share
2016-07-21 Annual General Meeting/ Dividend- Rs 2/- Per Share
2016-02-09 Interim Dividend Rs 2.50 Per Share
2015-07-23Annual General Meeting/Dividend Re 1/- Per Share
2015-02-05Interim Dividend - Rs 2.50/- Per Share
2014-07-23Annual General Meeting / Final Dividend - Re 1/- Per Share
2014-02-06Interim Dividend Rs 2.50/- Per Share
2013-07-24Annual General Meeting / Final Dividend Re.1/- Per Equity Share
2013-01-30Interim Dividend Rs 2.50 Per Share
2012-07-23Annual General Meeting/Dividend Re 1 Per Share
2012-02-13Interim Dividend Rs.1.50 Per Share
2011-07-21Annual General Meeting And Dividend Rs.1.50 Per Share
2010-07-21-
2010-05-05Int Div Rs.1/- Per Share
2009-07-21Annual General Meeting
2008-07-23Agm/Dividend - 40%
2007-09-11Rights Equity/Warrant
2007-07-23Agm/Dividend-40%
2006-07-12Agm/Dividend-50%
DateTypeWhat it says
2026-09-30ConversionConversion of Compulsorily Convertible Debentures (CCDs) into 30,54,849 equity shares
2026-09-30ESOPAllotment of 91063 Shares on exercise of ESOPs.
2026-09-26AllotmentAllotment of 54302 securities pursuant to ESOP/ESPS on September 25, 2026
2026-09-22Suspension of TradingMembers of the Exchange are hereby informed that the trading in Compulsorily Convertible Debentures (CCDs) of Cholamandalam Investment and Finance Com...
2026-09-11AllotmentAllotment of 244596 securities pursuant to ESOP/ESPS at its meeting held on September 11, 2026
2026-09-01AllotmentAllotment of 2000 securities pursuant to Non Convertible Securities at its meeting held on September 01, 2026
2026-08-26UpdatesThe NOC received under Reg.31A(8) of SEBI Listing Regulations from stock exchanges.
2026-08-21AllotmentAllotment of 35000 securities pursuant to Non Convertible Securities at its meeting held on August 21, 2026
2026-08-21Suspension of TradingMembers of the Exchange are hereby informed that the trading in Non-Convertible Debentures of Cholamandalam Investment and Finance Company Limited sha...
2026-08-13AllotmentAllotment of 43050 securities pursuant to ESOP/ESPS on August 12, 2026
2026-08-04Concall / analyst meetTranscript
2026-07-29Shareholder meetingVoting results.
2026-07-28Concall / analyst meetLink of Recording
2026-07-28Shareholder meetingProceedings of Annual General Meeting held on July 28, 2026
2026-07-28Investor PresentationInvestor Presentation
2026-07-28Issue of SecuritiesApproval for issuance of Securities
2026-07-28Board meeting outcomeCholamandalam Investment and Finance Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20AllotmentAllotment of 9910 shares pursuant to exercise of ESOPs on July 20, 2026
2026-07-17Concall / analyst meetSchedule of meet
2026-07-08ConversionConversion of CCDs.
2026-07-08AllotmentAllotment of 71465 equity shares upon exercise of ESOPs on July 08, 2026
2026-07-06General UpdatesBusiness Responsibility & Sustainability Report for FY 2026.
2026-07-06Shareholder meetingNotice of Annual General Meeting to be held on July 28, 2026
2026-07-01Disclosure under SEBI TakeovCholamandalam Financial Holdings Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Ex...
2026-06-25AllotmentAllotment of 200000 securities pursuant to Non Convertible Securities at its meeting held on Jun 25, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.83
Max pain (expiry 2026-10-27)1,660
Largest call open interest at1,700
Largest put open interest at1,600
Implied volatility, at the money29.7%
Underlying at snapshot1,580.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-3010
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-05-14NCLATCholamandalam Investment & Finance Company Ltd. VS R. Venkatakrishnan
2019-04-23NCLATCholamandalam Investment & Finance Company Ltd. VS R. Venkatakrishnan
2019-03-29NCLATCholamandalam Investment & Finance Company Ltd. VS R. Venkatakrishnan
2019-03-20NCLATCholamandalam Investment & Finance Company Ltd. VS R. Venkatakrishnan
2019-02-27NCLTCholamandalam Investment & Finance Company Ltd Vs Vasmo Agro Nutri Products Pvt Ltd
2019-02-20NCLATCholamandalam Investment & Finance Company Ltd. VS R. Venkatakrishnan
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Cholamandalam Investment & Finance Company Ltd?

Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has a market capitalisation of Rs 1,39,031 Cr. at the 2026-10-01 close.

What is the P/E ratio of Cholamandalam Investment & Finance Company Ltd?

Cholamandalam Investment & Finance Company Ltd trades at a P/E of 24.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Cholamandalam Investment & Finance Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Cholamandalam Investment & Finance Company Ltd revenue was Rs 8,856 Cr (+21.9% vs Jun 2025) and net profit was Rs 1,656 Cr.

What is the 52-week high and low of Cholamandalam Investment & Finance Company Ltd?

The 52-week high is Rs 1,952.50 and the 52-week low is Rs 1,299.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03