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Cholamandalam Financial Holdings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,380.46Overvalued by 12.02%vs CMP ₹1,569.00

P/E (12.4) × ROE (19.1%) × BV (₹728.00) × DY (0.08%)

₹1,887.19Undervalued by 20.28%vs CMP ₹1,569.00
MoS: +16.9% (Adequate)Confidence: 43/100 (Low)Models: 1 Under, 3 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,632.6924%Fair (+4.1%)
Graham NumberEarnings₹1,437.1917%Fair (-8.4%)
Earnings PowerEarnings₹1,697.6912%Fair (+8.2%)
DCFCash Flow₹6,389.1512%Under (+307.2%)
Net Asset ValueAssets₹727.958%Over (-53.6%)
EV/EBITDAEnterprise₹157.6210%Over (-90%)
Earnings YieldEarnings₹1,261.008%Over (-19.6%)
ROCE CapitalReturns₹1,316.3710%Over (-16.1%)
Consensus (8 models)₹1,887.19100%Undervalued
Key Drivers: Wide model spread (₹158–₹6,389) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 18.3%

*Investments are subject to market risks

Analyst Summary

Cholamandalam Financial Holdings Ltd operates in the Finance & Investments segment, NSE: CHOLAHLDNG | BSE: 504973, current market price is ₹1,569.00, market cap is 29,464 Cr.. At a glance, stock P/E is 12.4, ROE is 19.1 %, ROCE is 10.6 %, book value is 728, dividend yield is 0.08 %. The latest intrinsic value estimate is ₹1,887.19, which is about 20.3% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹33,196 Cr versus the prior period change of 28.5%, while latest net profit is about ₹4,740 Cr with a prior-period change of 23.1%. The 52-week range shown on this page is 2,299/1,305, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisCholamandalam Financial Holdings Ltd. is a Public Limited Listed company incorporated on 09/09/1949 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification…

This summary is generated from the stock page data available for Cholamandalam Financial Holdings Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

63
Cholamandalam Financial Holdings Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 10.6% AverageROE 19.1% ExcellentD/E 11.85 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.21% (6mo) SellingDII holding up 1.75% MF buyingPromoter holding at 46.4% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum78/100 · Strong
Revenue (4Q): +22% YoY AcceleratingProfit (4Q): +11% YoY Positive
Industry Rank65/100 · Strong
P/E 12.4 vs industry 184.4 Cheaper than peersROCE 10.6% vs industry 11.0% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:30 pm

Market Cap 29,464 Cr.
Current Price 1,569
Intrinsic Value₹1,887.19
High / Low 2,299/1,305
Stock P/E12.4
Book Value 728
Dividend Yield0.08 %
ROCE10.6 %
ROE19.1 %
Face Value 1.00
PEG Ratio0.68

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Cholamandalam Financial Holdings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cholamandalam Financial Holdings Ltd 29,464 Cr. 1,569 2,299/1,30512.4 7280.08 %10.6 %19.1 % 1.00
Angel One Ltd 28,648 Cr. 315 330/20931.3 67.21.53 %14.8 %15.6 % 1.00
Piramal Enterprises Ltd 25,483 Cr. 1,124 1,356/95049.0 1,2020.98 %6.78 %1.63 % 2.00
Manappuram Finance Ltd 24,496 Cr. 289 322/22460.0 1501.21 %11.0 %10.1 % 2.00
IIFL Finance Ltd 17,835 Cr. 419 675/33713.9 3050.95 %8.81 %4.90 % 2.00
Industry Average18,973.37 Cr1,267.68184.393,474.360.43%10.95%24.79%6.58

All Competitor Stocks of Cholamandalam Financial Holdings Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 4,2984,7255,1865,6266,3176,7957,0667,6338,0908,4898,9139,2969,461
Expenses 2,1532,2122,2442,5882,8982,9782,9323,2533,5373,7723,7094,1424,359
Operating Profit 2,1452,5132,9423,0383,4193,8164,1344,3804,5534,7185,2045,1545,102
OPM % 50%53%57%54%54%56%59%57%56%56%58%55%54%
Other Income 57529789554811045911069888130
Interest 1,3471,5511,7432,0132,2092,4452,5822,7963,0583,2803,3613,4683,518
Depreciation 42445052525588707472797983
Profit before tax 8139701,2461,0621,2131,3631,5741,5591,5131,4711,8621,6961,632
Tax % 25%26%28%25%27%25%27%26%26%26%27%26%26%
Net Profit 6067209017928881,0271,1441,1601,1251,0931,3621,2601,214
EPS in Rs 15.0717.6921.7219.7822.4124.8827.3229.2027.9925.8932.6830.8129.29

Last Updated: January 2, 2026, 2:35 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 6:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue8,8079,6968,0042,6888,90910,92613,13513,90014,64418,15425,83033,19637,620
Interest 1,8962,10397602,6553,5874,5924,6084,3285,7789,24912,49413,994
Expenses 5,9916,5427,0292,3774,4905,1476,5886,8077,2108,59711,38914,26916,697
Financing Profit9191,051-13111,7642,1921,9542,4853,1063,7805,1916,4336,928
Financing Margin %10%11%-0%12%20%20%15%18%21%21%20%19%18%
Other Income 291231,538102116092221256262453
Depreciation 159171163177078150145154176248296328
Profit before tax 7891,0031,3742951,6952,1351,8062,4003,0443,8245,2006,4007,053
Tax % 34%32%27%30%34%34%36%27%26%26%26%26%
Net Profit 5186841,1815381,1271,4151,1651,7642,2392,8103,8514,7405,222
EPS in Rs 16.6622.6855.4724.2629.3237.1229.3443.9354.4968.7194.39115.76126.10
Dividend Payout % 12%9%9%1%4%3%2%1%1%1%1%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)32.05%72.66%-54.45%109.48%25.55%-17.67%51.42%26.93%25.50%37.05%23.08%
Change in YoY Net Profit Growth (%)0.00%40.61%-127.11%163.92%-83.92%-43.22%69.08%-24.49%-1.42%11.54%-13.96%

Cholamandalam Financial Holdings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:20%
3 Years:31%
TTM:25%
Compounded Profit Growth
10 Years:18%
5 Years:32%
3 Years:29%
TTM:13%
Stock Price CAGR
10 Years:20%
5 Years:33%
3 Years:39%
1 Year:1%
Return on Equity
10 Years:18%
5 Years:19%
3 Years:19%
Last Year:19%

Last Updated: September 5, 2025, 1:55 am

Balance Sheet

Last Updated: April 14, 2026, 4:30 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 37373719191919191919191919
Reserves 1,9142,2903,2872,7453,2913,9254,5725,3676,4277,64210,22312,49613,651
Borrowing19,46421,4311,441038,20050,44755,11763,79769,22997,191134,014174,366186,993
Other Liabilities 5,8876,5794,9005,12911,89713,54616,14719,43222,09726,18132,66237,73339,220
Total Liabilities 27,30230,3389,6657,89253,40767,93775,85588,61697,771131,033176,917224,615239,882
Fixed Assets 1,3181,5211,3361023113064794474646231,7842,0292,296
CWIP 201405604141110406035549
Investments 2,1162,6655,1416,5366,2117,5528,89311,67813,28217,53620,05824,27125,304
Other Assets 23,66726,1123,1311,25446,88160,06566,47276,48183,984112,813155,041198,261212,273
Total Assets 27,30230,3389,6657,89253,40767,93775,85588,61697,771131,033176,917224,615239,882

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1,872-1,685-500594-6,302-9,274-1,914-9,719-5,738-29,329-35,726-34,201
Cash from Investing Activity + -499-461193-1,263-1,825-94-96-62-135295-2,625-1,038
Cash from Financing Activity + 2,6431,704748-698,28712,1712,4277,6887,07327,28838,26939,652
Net Cash Flow 272-443441-7381602,803417-2,0931,199-1,746-824,413
Free Cash Flow -2,098-1,822-674568-6,391-9,367-2,011-9,781-5,874-29,586-36,887-34,528
CFO/OP -55%-41%-13%230%-126%-145%-17%-125%-65%-296%-238%-173%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-14.00-15.006.002.00-34.00-45.00-49.00-57.00-62.00-89.00-123.00-160.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2525313231112232
Inventory Days 788786
Days Payable 13512599
Cash Conversion Cycle -32-12183231112232
Working Capital Days -157-101-104-257-388-387-306-262-284-274-220-194
ROCE %13%13%10%7%18%11%10%10%9%10%11%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 48.39%48.39%47.37%47.37%47.37%47.32%47.32%46.45%46.45%46.44%46.42%46.38%
FIIs 11.99%11.31%12.92%12.87%13.78%13.73%16.28%16.37%17.68%18.32%17.39%16.47%
DIIs 26.56%27.15%26.71%25.96%25.24%25.51%23.01%22.94%21.80%21.43%22.52%23.55%
Government 0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%
Public 12.59%12.68%12.53%13.34%13.15%12.99%12.93%13.78%13.62%13.34%13.21%13.14%
No. of Shareholders 21,67823,17030,62343,35832,53232,94638,45448,70346,38050,78047,99544,225

Shareholding Pattern Chart

No. of Shareholders

Cholamandalam Financial Holdings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Growth Mid Cap Fund 5,335,000 2.12 882.57N/AN/AN/A
SBI Small Cap Fund 3,928,227 1.89 649.85N/AN/AN/A
Axis Small Cap Fund 2,768,484 1.79 457.995,339,8972025-12-06 02:15:14-48.15%
HDFC Mid Cap Fund 2,264,620 0.41 374.64N/AN/AN/A
Axis Midcap Fund 1,590,401 0.85 263.11,200,6792026-02-23 07:16:3432.46%
Bandhan Small Cap Fund 1,525,592 1.31 252.381,414,5922026-02-23 03:11:267.85%
SBI Large & Midcap Fund 1,432,535 0.63 236.98N/AN/AN/A
Nippon India ELSS Tax Saver Fund 1,400,000 1.56 231.61,480,7882025-12-15 01:27:31-5.46%
DSP Mid Cap Fund 1,321,849 1.15 218.67N/AN/AN/A
Canara Robeco Small Cap Fund 1,149,717 1.5 190.2N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 115.7694.3968.7254.5043.93
Diluted EPS (Rs.) 115.7694.3968.7254.4943.93
Cash EPS (Rs.) 267.82217.57159.44127.67101.72
Book Value[Excl.RevalReserv]/Share (Rs.) 666.371178.06865.71726.09605.15
Book Value[Incl.RevalReserv]/Share (Rs.) 666.371178.06865.71726.09605.15
Revenue From Operations / Share (Rs.) 1763.861373.99966.23780.16740.55
PBDIT / Share (Rs.) 1021.80782.58520.69400.94381.12
PBIT / Share (Rs.) 1006.05769.40511.31392.72373.37
PBT / Share (Rs.) 340.76276.88203.64162.15127.88
Net Profit / Share (Rs.) 252.08204.39150.07119.4693.97
NP After MI And SOA / Share (Rs.) 115.7494.3868.7054.5143.93
PBDIT Margin (%) 57.9256.9553.8851.3951.46
PBIT Margin (%) 57.0355.9952.9150.3350.41
PBT Margin (%) 19.3120.1521.0720.7817.26
Net Profit Margin (%) 14.2914.8715.5315.3112.68
NP After MI And SOA Margin (%) 6.566.867.116.985.93
Return on Networth / Equity (%) 17.3617.3016.8415.8715.31
Return on Capital Employeed (%) 55.2950.2820.7040.0321.70
Return On Assets (%) 0.961.000.981.040.93
Long Term Debt / Equity (X) 0.000.003.130.003.08
Total Debt / Equity (X) 13.9313.0912.6910.7411.85
Asset Turnover Ratio (%) 0.160.160.000.000.00
Current Ratio (X) 1.151.161.511.201.52
Quick Ratio (X) 1.151.161.511.201.52
Dividend Payout Ratio (NP) (%) 0.475.787.759.767.04
Dividend Payout Ratio (CP) (%) 0.415.076.828.485.98
Earning Retention Ratio (%) 99.5394.2292.2590.2492.96
Cash Earning Retention Ratio (%) 99.5994.9393.1891.5294.02
Interest Coverage Ratio (X) 1.541.591.691.741.55
Interest Coverage Ratio (Post Tax) (X) 1.381.411.491.521.38
Enterprise Value (Cr.) 212024.84162286.57112757.5182562.5874822.44
EV / Net Operating Revenue (X) 6.406.296.215.645.38
EV / EBITDA (X) 11.0511.0411.5310.9710.46
MarketCap / Net Operating Revenue (X) 0.990.810.550.790.80
Retention Ratios (%) 99.5294.2192.2490.2392.95
Price / BV (X) 2.632.041.321.802.09
Price / Net Operating Revenue (X) 0.990.810.550.790.80
EarningsYield 0.060.080.120.080.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Cholamandalam Financial Holdings Ltd. is a Public Limited Listed company incorporated on 09/09/1949 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L65100TN1949PLC002905 and registration number is 002905. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 86.20 Cr. and Equity Capital is Rs. 18.78 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & Investments'Dare House', No. 234, NSC Bose Road, Chennai (Madras) Tamil Nadu 600001Contact not found
Management
NamePosition Held
Mr. M M MurugappanChairman
Mr. Sridharan RangarajanNon Executive Director
Mr. Vellayan SubbiahNon Executive Director
Mrs. Vasudha SundararamanIndependent Director
Mr. B RamaratnamIndependent Director
Mr. K BalasubramanianIndependent Director

FAQ

What is the intrinsic value of Cholamandalam Financial Holdings Ltd and is it undervalued?

As of 26 April 2026, Cholamandalam Financial Holdings Ltd's intrinsic value is ₹1887.19, which is 20.28% higher than the current market price of ₹1,569.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (19.1 %), book value (₹728), dividend yield (0.08 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cholamandalam Financial Holdings Ltd?

Cholamandalam Financial Holdings Ltd is trading at ₹1,569.00 as of 26 April 2026, with a FY2026-2027 high of ₹2,299 and low of ₹1,305. The stock is currently in the middle of its 52-week range. Market cap stands at ₹29,464 Cr..

How does Cholamandalam Financial Holdings Ltd's P/E ratio compare to its industry?

Cholamandalam Financial Holdings Ltd has a P/E ratio of 12.4, which is below the industry average of 184.39. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Cholamandalam Financial Holdings Ltd financially healthy?

Key indicators for Cholamandalam Financial Holdings Ltd: ROCE of 10.6 % is moderate; ROE of 19.1 % shows strong shareholder returns. Dividend yield is 0.08 %.

Is Cholamandalam Financial Holdings Ltd profitable and how is the profit trend?

Cholamandalam Financial Holdings Ltd reported a net profit of ₹4,740 Cr in Mar 2025 on revenue of ₹33,196 Cr. Compared to ₹2,239 Cr in Mar 2022, the net profit shows an improving trend.

Does Cholamandalam Financial Holdings Ltd pay dividends?

Cholamandalam Financial Holdings Ltd has a dividend yield of 0.08 % at the current price of ₹1,569.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:30 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504973 | NSE: CHOLAHLDNG
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cholamandalam Financial Holdings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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