MarketFriction

Cholamandalam Financial Holdings Ltd

NSE CHOLAHLDNG · BSE 504973 · Investment Company
₹1,369.60 -1.20%
NSE close2026-10-01
52 week range1,305.00 - 2,064.00
Market cap₹25,759 Cr.
P/E9.65
Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 55.8%

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
Revenue6,3176,7957,0667,6338,0908,4898,9139,2969,4619,94910,36611,114
Interest2,2092,4452,5822,7963,0583,2803,3613,4683,5183,6483,7554,007
Expenses2,8982,9782,9323,2533,5373,7723,7094,1424,3594,4874,5414,721
Financing Profit1,2101,3711,5521,5841,4961,4381,8431,6871,5851,8142,0702,385
Financing Margin %19%20%22%21%18%17%21%18%17%18%20%21%
Other Income554811045911069888130137156103
Depreciation525588707472797983878487
Profit before tax1,2131,3631,5741,5591,5131,4711,8621,6961,6321,8632,1422,400
Tax %27%25%27%26%26%26%27%26%26%26%24%25%
Net Profit8881,0271,1441,1601,1251,0931,3621,2601,2141,3861,6261,789
EPS in Rs22.4124.8827.3229.2027.9925.8932.6830.8129.2933.3236.5942.92
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue8,0042,6888,90910,92613,13513,90014,64418,15425,83033,19639,15640,890
Interest97602,6553,5874,5924,6084,3285,7789,24912,49414,38814,928
Expenses7,0292,3774,4905,1476,5886,8077,2108,59711,38914,26917,52318,109
Financing Profit-13111,7642,1921,9542,4853,1063,7805,1916,4337,2447,854
Financing Margin %-0%12%20%20%15%18%21%21%20%19%18%19%
Other Income1,538102116092221256262414525
Depreciation163177078150145154176248296333341
Profit before tax1,3742951,6952,1351,8062,4003,0443,8245,2006,4007,3268,037
Tax %27%30%34%34%36%27%26%26%26%26%25%
Net Profit1,1815381,1271,4151,1651,7642,2392,8103,8514,7405,4856,015
EPS in Rs55.4724.2629.3237.1229.3443.9354.4968.7194.39115.76130.01142.12
Dividend Payout %9%1%4%3%2%1%1%1%1%1%1%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%23%29%18%
Compounded Profit Growth15%24%24%21%
Stock Price CAGR13%14%6%-27%
Return on Equity18%18%19%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital373719191919191919191919
Reserves2,2903,2872,7453,2913,9254,5725,3676,4277,64210,22312,49615,435
Borrowing21,4311,441038,20050,44755,11763,79769,22997,191134,014174,366210,400
Other Liabilities6,5794,9005,12911,89713,54616,14719,43222,09726,18132,66237,73242,476
Total Liabilities30,3389,6657,89253,40767,93775,85588,61697,771131,033176,917224,614268,331
Fixed Assets1,5211,3361023113064794474646231,7842,0292,209
CWIP4056041411104060355497
Investments2,6655,1416,5366,2117,5528,89311,67813,28217,53620,05824,27124,968
Other Assets26,1123,1311,25446,88160,06566,47276,48183,984112,813155,041198,260241,056
Total Assets30,3389,6657,89253,40767,93775,85588,61697,771131,033176,917224,614268,331
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1,685-500594-6,302-9,274-1,914-9,719-5,738-29,329-35,726-34,201-30,033
Cash from Investing Activity-461193-1,263-1,825-94-96-62-135295-2,625-1,038-2,528
Cash from Financing Activity1,704748-698,28712,1712,4277,6887,07327,28838,26939,65235,650
Net Cash Flow-443441-7381602,803417-2,0931,199-1,746-824,4133,089
Free Cash Flow-1,822-674568-6,391-9,367-2,011-9,781-5,874-29,586-36,887-34,528-30,365
CFO/OP-41%-13%230%-126%-145%-17%-125%-65%-296%-238%-173%-131%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters47.37%47.37%47.37%47.32%47.32%46.45%46.45%46.44%46.42%46.38%46.38%46.44%
FIIs12.92%12.87%13.78%13.73%16.28%16.37%17.68%18.32%17.39%16.47%13.81%13.00%
DIIs26.71%25.96%25.24%25.51%23.01%22.94%21.80%21.43%22.52%23.55%26.09%26.89%
Government0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%
Public12.53%13.34%13.15%12.99%12.93%13.78%13.62%13.34%13.21%13.14%13.26%13.21%
No. of Shareholders30,62343,35832,53232,94638,45448,70346,38050,78047,99544,22547,75244,121

Fundamentals

Market Cap₹ 25,759 Cr.
Current Price₹ 1,372
Stock P/E9.65
Book Value₹ 823
ROCE9.75 %
ROE17.5 %
Dividend Yield0.09 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)21%
Consolidated figures.
Valuation
Market capRs 25,718 Cr
Enterprise valueRs 221,142 Cr
P/E (TTM)9.64x
Price to book1.66x
Price to sales0.63x
EV / EBITDA9.49x
EV / EBIT9.63x
EV / sales5.41x
Earnings yield10.38%
Dividend yield0.09%
P/E, 3-year average12.47x
P/B, 3-year average2.11x
P/E, 5-year average11.34x
P/B, 5-year average1.89x
Profitability
Operating margin (excl. other income)55.25%
Operating margin (incl. other income)56.30%
EBITDA margin57.00%
Pre-tax margin19.66%
Net profit margin6.53%
Net margin, latest quarter7.25%
ROE17.46%
ROCE10.52%
ROA0.99%
ROE, 3-year average18.79%
ROCE, 3-year average11.18%
ROA, 3-year average1.07%
ROE, 5-year average18.39%
ROCE, 5-year average10.87%
ROA, 5-year average1.09%
ROIC (approx.)8.14%
Tax rate25.23%
Other income / net worth2.68%
Growth
Sales growth (latest year)17.95%
Profit growth (latest year)12.31%
Sales CAGR, 3 years29.20%
Sales CAGR, 5 years23.01%
Profit CAGR, 3 years23.69%
Profit CAGR, 5 years24.24%
Sales growth QoQ7.21%
Profit growth QoQ17.29%
Sales growth YoY (latest quarter)19.55%
Profit growth YoY (latest quarter)39.32%
Per share
EPS (TTM)Rs 142.12
EPS (latest year)Rs 130.01
EPS (latest quarter)Rs 42.92
EPS, 3-year averageRs 113.39
EPS, 5-year averageRs 92.67
Book value per shareRs 823.00
Sales per shareRs 2,177.58
Cash flow per shareRs -1,599.38
Free cash flow per shareRs -1,617.07
Dividend per share (latest year)Rs 1.30
Dividend per share, 3-year averageRs 1.05
Dividend per share, 5-year averageRs 0.85
Dividends
Dividend payout1.00%
Dividend payout, 3-year average0.90%
Dividend payout, 5-year average0.90%
Efficiency
Asset turnover0.15x
Fixed asset turnover17.73x
Debtor days3 days
Debtors turnover119.72x
Leverage
Total debtRs 210,400 Cr
Cash and bankRs 14,976 Cr
Net debtRs 195,424 Cr
Debt to equity13.61x
Net debt / EBITDA8.39x
Interest coverage1.54x
Owners' fund to total sources5.76%
Debt to assets78.41%
Cash flow
Cash from Operating Activity (latest year)Rs -30,033 Cr
Cash from Investing Activity (latest year)Rs -2,528 Cr
Cash from Financing Activity (latest year)Rs 35,650 Cr
Net Cash Flow (latest year)Rs 3,089 Cr
Free cash flow (latest year)Rs -30,365 Cr
FCFE (approx.: FCF + change in debt)Rs 5,669 Cr
Cash from ops / profit, 5 years-7.06x
Statement figures
Net sales (TTM)Rs 40,890 Cr
Net sales (latest year)Rs 39,156 Cr
Sales (latest quarter)Rs 11,114 Cr
Operating profit excl. other income (latest year)Rs 21,632 Cr
Operating profit (latest quarter)Rs 6,392 Cr
Other income (TTM)Rs 525 Cr
EBITDA (TTM)Rs 23,306 Cr
PBDT (TTM)Rs 8,379 Cr
Profit before tax (TTM)Rs 8,037 Cr
Tax (latest year)Rs 1,848 Cr
Net profit (TTM)Rs 2,669 Cr
Net profit (latest year)Rs 2,441 Cr
Net profit (latest quarter)Rs 806 Cr
Depreciation (TTM)Rs 341 Cr
Depreciation (latest quarter)Rs 87 Cr
Interest (TTM)Rs 14,928 Cr
Cost of goods sold (latest year)Rs 5,847 Cr
Total expenditure (latest year)Rs 17,523 Cr
Total income (latest year)Rs 39,570 Cr
Share capitalRs 19 Cr
ReservesRs 15,435 Cr
Shareholders' fundsRs 15,454 Cr
Total assetsRs 268,331 Cr
Net blockRs 2,209 Cr
Capital work in progressRs 97 Cr
InvestmentsRs 24,968 Cr
ReceivablesRs 327 Cr
Other liabilitiesRs 42,476 Cr
Shares outstanding (crore)18.78
Ownership
Promoter holding46.44% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.6 is at the 3th percentile of its own 9.4-year range (median 15.3, low 6.6, high 29.8).
P/B 1.66 is at the 8th percentile (median 2.45).
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.
PeriodCHOLAHLDNGNifty 50Difference
1 week-4.4%-2.8% -1.6 pts
1 month-7.1%-6.8% -0.4 pts
3 months-18.2%-7.6% -10.6 pts
6 months+0.3%+0.4% -0.1 pts
1 year-26.7%-9.9% -16.8 pts
2 years-32.2%-13.6% -18.7 pts
3 years+18.0%+14.2% +3.8 pts
5 years+96.3%+27.9% +68.4 pts
124 mutual fund schemes hold about ₹6,939 Cr. Over three months 70 bought more and 19 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Growth Mid Cap Fund1.53%799 +3%
SBI Small Cap Fund1.37%584 +3%
Bandhan Small Cap Fund1.62%556 +41%
Axis Small Cap Fund1.31%411 +2%
HDFC Mid Cap Fund0.31%336 +2%
SBI Banking & Financial Services Fund2.03%220 +9%
Bandhan Large & Mid Cap Fund1.04%219 -2%
SBI Large & Midcap Fund0.50%213 +6%
Nippon India ELSS Tax Saver Fund1.41%208 +11%
HSBC Small Cap Fund1.08%206 +2%
DSP Midcap Fund0.93%196 +5%
Nippon India Banking & Financial Services Fund2.40%190 +8%
Canara Rob Small Cap Fund1.11%162 +4%
Invesco India Smallcap Fund1.02%161 -7%
Axis Midcap Fund0.46%159 +5%
SBI ELSS Tax Saver Fund0.49%156 +10%
HDFC Multi Cap Fund0.67%138 +48%
Sundaram Services Fund2.33%123 +28%
Bandhan Focused Fund5.80%121 +22%
Sundaram Services Fund2.33%120 +28%
Canara Rob Aggressive Hybrid Fund(M1.04%118 +20%
Bandhan Flexi Cap Fund1.43%107 +8%
Mirae Asset Small Cap Fund1.85%106 -7%
Nippon India Multi Asset Allocation Fund0.58%104 +100%
Sundaram Small Cap Fund2.04%85 +36%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -1565% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 12% of total assets 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
2022-03-17LAKSHMI VENKATACHALAMPromoter Groupother1,200Rs 0.07 CrRevokation of Pledge
2021-11-29LAKSHMI RAMASWAMY FAMILY TRUSTPromoter Groupother125,000Pledge Creation
2021-08-30Saraswathi TrustPromoter Groupsell23,000Rs 1.55 CrMarket Sale
2021-08-26Lalitha VellayanPromoter Groupsell307,160Rs 19.97 CrMarket Sale
2021-04-13M M VenkatachalamPromotersother4,000Rs 0.23 CrRevokation of Pledge
2021-03-31M M Venkatachalam Family TrustPromoter Groupother403,900Rs 24.20 CrOff Market
2021-03-31Lakshmi VenkatachalamPromoter Groupother403,900Rs 24.20 CrOff Market
2020-03-04Mr. M V Subbiah jointly with M A APromotersother863,980Off Market
2020-03-04Mr. M V Murugappan (Late) jointly Promotersother863,980Off Market
2019-09-27LAKSHMI VENKATACHALAMPromoter Groupother403,900Rs 19.81 CrOff Market
2019-09-27M M VenkatachalamPromotersother403,900Rs 19.81 CrOff Market
2019-08-26A VenkatachalamPromotersother35,000Revokation of Pledge
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 ₹11,114 Cr +19.6% vs Jun 2025. Net profit ₹1,789 Cr +42.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-07Dividend - Rs 1.30 Per Share
2025-08-01Dividend - Rs 1.30 Per Share
2024-08-02Annual General Meeting/Dividend - Re 0.55 Per Share
2023-08-03Annual General Meeting/Dividend - Rs 0.55 Per Share
2022-08-02Annual General Meeting/Dividend - Rs 0.55 Per Share
2021-07-27 Annual General Meeting/Dividend - Rs 0.55 Per Share
2020-03-05 Interim Dividend - Re 0.65 Per Sh
2019-07-24 Annual General Meeting/ Dividend - Re 0.65 Per Share
2019-02-14 Interim Dividend - Re 0.60 Per Share
2018-07-23 Annual General Meeting / Dividend- Re 0.65 Per Share
2018-02-15 Interim Dividend Re 0.60 Per Share
DateTypeWhat it says
2026-08-20Concall / analyst meetTranscript
2026-08-17Shareholder meetingVoting results.
2026-08-15Shareholder meetingProceedings of Annual General Meeting held on August 14, 2026
2026-08-14Concall / analyst meetLink of Recording
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Un-audited financial results for the quarter ended June 30, 2026.".
2026-08-14Investor PresentationInvestor Presentation
2026-08-14Board meeting outcomeCholamandalam Financial Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31Concall / analyst meetSchedule of meet
2026-07-22UpdatesBusiness Responsibility and Sustainability Report for FY 2025-2026
2026-07-22Shareholder meetingNotice of Annual General Meeting to be held on August 14, 2026
2026-06-24Disclosure under SEBI TakeovAmbadi Investments Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of In...
2026-06-15General UpdatesContact details of Key Managerial Personnel of the Company authorised under Regulation 30(5) of the Securities and Exchange Board of India (Listing Ob...
2026-06-13ResignationResignation of Director/KMP/SMP
2026-05-15Concall / analyst meetTranscript
2026-05-08Concall / analyst meetAudio recording of investor meet
2026-05-08AppointmentAppointment of Mr Shyam Shankar as Manager of the company w.e.f. Jun 15, 2026.
2026-05-08AppointmentAppointment of Mr Shyam Shankar as Chief Financial Officer of the company w.e.f. Jun 15, 2026.
2026-05-08RetirementRetirement of Manager
2026-05-08ResignationResignation of Mr N Ganesh as Chief Financial Officer of the company w.e.f. Jun 15, 2026.
2026-05-08Press ReleaseA press release dated May 08, 2026, titled "Press Release Audited Financial Results of the Company for the year ended 31st March 2026".
2026-05-08Record DateRecord date for the purpose of Dividend is 07-Aug-2026.
2026-05-08Investor PresentationInvestor Presentation
2026-05-08DividendBoard of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 1.30 per equity share.
2026-05-08Board meeting outcomeCholamandalam Financial Holdings Limited has submitted to the Exchange, the audited financial results for the year ended March 31, 2026.
2026-05-01Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-301
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Cholamandalam Financial Holdings Ltd?

Cholamandalam Financial Holdings Ltd (CHOLAHLDNG) has a market capitalisation of Rs 25,759 Cr. at the 2026-10-01 close.

What is the P/E ratio of Cholamandalam Financial Holdings Ltd?

Cholamandalam Financial Holdings Ltd trades at a P/E of 9.65 on trailing twelve-month profit, at the 2026-10-01 close.

What were Cholamandalam Financial Holdings Ltd's latest quarterly results?

In the Jun 2026 quarter, Cholamandalam Financial Holdings Ltd revenue was Rs 11,114 Cr (+19.6% vs Jun 2025) and net profit was Rs 1,789 Cr.

What is the 52-week high and low of Cholamandalam Financial Holdings Ltd?

The 52-week high is Rs 2,064.00 and the 52-week low is Rs 1,305.00.

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