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Last Updated: April 2, 2026, 2:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 511243 | NSE: CHOLAFIN

Cholamandalam Investment & Finance Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,172.63Overvalued by 14.66%vs CMP ₹1,374.00

P/E (24.2) × ROE (19.7%) × BV (₹307.00) × DY (0.15%)

₹760.73Overvalued by 44.63%vs CMP ₹1,374.00
MoS: -80.6% (Negative)Confidence: 54/100 (Moderate)Models: 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,372.2724%Fair (-0.1%)
Graham NumberEarnings₹630.6117%Over (-54.1%)
Earnings PowerEarnings₹336.0212%Over (-75.5%)
DCFCash Flow₹1,246.4712%Fair (-9.3%)
Net Asset ValueAssets₹304.568%Over (-77.8%)
EV/EBITDAEnterprise₹28.7610%Over (-97.9%)
Earnings YieldEarnings₹575.708%Over (-58.1%)
ROCE CapitalReturns₹637.8010%Over (-53.6%)
Consensus (8 models)₹760.73100%Overvalued
Key Drivers: Wide model spread (₹29–₹1,372) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.0%

*Investments are subject to market risks

Investment Snapshot

60
Cholamandalam Investment & Finance Company Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 10.3% AverageROE 19.7% ExcellentD/E 6.64 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.67% (6mo) SellingDII holding up 2.05% MF buyingPromoter holding at 49.7% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +19% YoY Positive
Industry Rank75/100 · Strong
P/E 24.2 vs industry 101.6 Cheaper than peersROCE 10.3% vs industry 15.8% AverageROE 19.7% vs industry 8.8% Above peers

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.

Cholamandalam Investment & Finance Company Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 24.2 vs Ind 101.6 | ROCE 10.3% | ROE 19.7% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 6.64x | IntCov 0.0x | Current 1.52x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹4,263 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.29 pp | DII +0.27 pp | Prom -0.16 pp
Business Momentum
+13
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +11.2% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %-44.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.29 ppLatest FII% minus previous FII%
DII Change+0.27 ppLatest DII% minus previous DII%
Promoter Change-0.16 ppLatest promoter% minus previous promoter%
Shareholder Count Change+4,982Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+11.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:46 am

Market Cap 1,17,036 Cr.
Current Price 1,374
Intrinsic Value₹760.73
High / Low 1,832/1,335
Stock P/E24.2
Book Value 307
Dividend Yield0.15 %
ROCE10.3 %
ROE19.7 %
Face Value 2.00
PEG Ratio1.42

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

View Share Price Target for Cholamandalam Investment & Finance Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cholamandalam Investment & Finance Company Ltd 1,17,036 Cr. 1,374 1,832/1,33524.2 3070.15 %10.3 %19.7 % 2.00
Authum Investment & Infrastructure Ltd 36,729 Cr. 432 684/27110.1 1920.05 %30.3 %33.9 % 1.00
Global Health Ltd 26,589 Cr. 989 1,456/95547.0 1380.05 %19.7 %16.5 % 2.00
Capri Global Capital Ltd 16,932 Cr. 176 214/15120.1 69.40.11 %11.2 %11.8 % 1.00
Five-Star Business Finance Ltd 10,628 Cr. 360 850/3389.59 2310.56 %16.3 %18.6 % 1.00
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Cholamandalam Investment & Finance Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue3,3563,7414,1004,6235,0075,4105,8126,2556,7337,0467,2677,4917,898
Interest 1,5431,7342,0062,2042,4412,5792,7963,0593,2753,3653,4683,5173,646
Expenses 9129021,1741,3911,4121,4171,7271,8972,0382,0102,2862,4602,554
Financing Profit9011,1059201,0281,1551,4141,2891,3001,4201,6711,5121,5141,698
Financing Margin %27%30%22%22%23%26%22%21%21%24%21%20%22%
Other Income 529371734710545681059287123111
Depreciation 30363939467559635964677174
Profit before tax 9231,1639521,0621,1561,4441,2751,3051,4661,6991,5321,5661,736
Tax % 26%26%25%27%25%26%26%26%26%26%26%26%26%
Net Profit 6858557107738721,0659479681,0881,2601,1381,1601,290
EPS in Rs 8.3310.408.649.4010.3912.6811.2711.5212.9414.9813.5313.7815.29
Gross NPA %
Net NPA %

Last Updated: February 6, 2026, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 6:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue3,2793,7154,2144,6945,5597,1088,7129,58310,14812,88419,16325,89029,702
Interest 1,7691,9582,0482,2282,6573,5884,5924,5764,2985,7489,23112,49513,996
Expenses 9321,0611,2661,3221,4511,6322,4212,9132,9263,6215,3857,6709,311
Financing Profit5786968991,1431,4511,8881,6992,0942,9243,5154,5485,7256,395
Financing Margin %18%19%21%24%26%27%20%22%29%27%24%22%22%
Other Income 10230105684220255261413
Depreciation 253022395157111102101121198245276
Profit before tax 5546668791,1071,4011,8321,5882,0482,9083,6154,6055,7416,532
Tax % 34%33%35%35%34%35%34%26%26%26%26%26%
Net Profit 3684445757189181,1971,0541,5212,1542,6653,4204,2634,847
EPS in Rs 5.146.187.369.2111.7615.3212.8618.5526.2332.4240.7250.6957.57
Dividend Payout % 14%11%12%12%11%8%13%11%8%6%5%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)20.65%29.50%24.87%27.86%30.39%-11.95%44.31%41.62%23.72%28.33%24.65%
Change in YoY Net Profit Growth (%)0.00%8.85%-4.63%2.99%2.54%-42.34%56.25%-2.69%-17.89%4.61%-3.68%

Cholamandalam Investment & Finance Company 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:21%
5 Years:24%
3 Years:37%
TTM:31%
Compounded Profit Growth
10 Years:25%
5 Years:32%
3 Years:26%
TTM:22%
Stock Price CAGR
10 Years:29%
5 Years:44%
3 Years:22%
1 Year:-2%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:20%
Last Year:20%

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

Balance Sheet

Last Updated: December 10, 2025, 2:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 143144156156156156164164164164168168168
Reserves 2,1442,5313,5144,1424,9696,0528,0369,43611,60514,18219,42523,50025,774
Borrowing18,07519,95022,54624,07138,33050,56755,00563,73069,17497,358134,475175,036187,663
Other Liabilities 1,1821,2431,6732,2307117158531,3141,5361,9232,6183,1823,141
Total Liabilities 21,54423,86827,88930,59844,16757,49064,05874,64482,478113,627156,686201,887216,746
Fixed Assets 74691201501701672832282594031,5631,7871,922
CWIP 0000414111037601349
Investments 3925161822342331,5832,0553,5624,0366,3677,140
Other Assets 21,43123,77527,75330,26643,97057,26763,73272,82380,127109,602151,075193,729207,675
Total Assets 21,54423,86827,88930,59844,16757,49064,05874,64482,478113,627156,686201,887216,746

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -2,447-2,264-2,809-1,468-7,926-9,317-2,075-8,848-5,571-27,105-35,683-32,413
Cash from Investing Activity + -83-40-137-222-60-11-54-1,7461,640-2,148-2,855-2,948
Cash from Financing Activity + 2,7491,8193,0311,6928,00912,1912,4528,7075,15027,46638,47139,795
Net Cash Flow 219-485852222,862323-1,8881,218-1,787-664,434
Free Cash Flow -2,473-2,294-2,885-1,525-7,994-9,391-2,145-8,880-5,665-27,293-36,754-32,600
CFO/OP -94%-75%-82%-29%-179%-157%-24%-122%-65%-283%-249%-169%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow914.00-18.00-21.00-23.00-37.00-49.00-53.00-61.00-67.00-94.00-129.00-168.00

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
ROE % 17%18%18%18%20%21%15%17%20%20%20%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.47%51.46%51.43%50.37%50.35%50.33%50.24%49.93%49.92%49.90%49.88%49.72%
FIIs 19.63%20.92%21.51%24.73%26.00%26.63%27.17%27.43%28.23%27.96%26.85%26.56%
DIIs 21.45%20.37%20.04%18.39%17.05%16.86%16.58%16.10%15.49%16.05%17.27%17.54%
Public 7.44%7.25%7.03%6.51%6.61%6.19%6.02%6.56%6.36%6.07%6.00%6.16%
No. of Shareholders 1,21,1841,40,5461,46,8151,40,6361,55,0551,43,0971,46,8891,76,2311,78,4711,83,9331,65,0681,70,050

Shareholding Pattern Chart

No. of Shareholders

Cholamandalam Investment & Finance Company 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
Kotak Midcap Fund 6,984,387 1.93 1139.576,624,6452025-12-15 01:30:055.43%
SBI Large Cap Fund 6,600,000 1.96 1076.866,501,7442025-12-15 01:30:051.51%
Motilal Oswal Flexi Cap Fund 5,351,744 6.63 873.195,480,3482026-02-22 17:27:54-2.35%
HDFC Large Cap Fund 5,239,720 2.16 854.91N/AN/AN/A
Axis ELSS Tax Saver Fund 3,990,825 1.98 651.144,337,1062026-02-23 02:15:05-7.98%
ICICI Prudential Balanced Advantage Fund 3,885,345 0.9 633.932,474,6892025-12-15 01:30:0557%
Axis Focused Fund 3,271,510 4.69 533.783,711,0012026-02-22 12:59:20-11.84%
Invesco India Contra Fund 2,912,482 2.38 475.2N/AN/AN/A
Nippon India Large Cap Fund 2,701,334 0.88 440.75N/AN/AN/A
HDFC Balanced Advantage Fund 2,692,272 0.41 439.27N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 50.7241.1732.4426.2418.55
Diluted EPS (Rs.) 50.6041.0632.3826.1918.52
Cash EPS (Rs.) 53.5542.9534.0227.5119.79
Book Value[Excl.RevalReserv]/Share (Rs.) 281.33233.15174.44143.28117.02
Book Value[Incl.RevalReserv]/Share (Rs.) 281.33233.15174.44143.28117.02
Revenue From Operations / Share (Rs.) 307.23227.77156.66123.46116.77
PBDIT / Share (Rs.) 219.68167.01115.3288.9481.99
PBIT / Share (Rs.) 216.77164.66113.8587.7280.74
PBT / Share (Rs.) 68.2554.8143.9535.4024.96
Net Profit / Share (Rs.) 50.6440.5932.5526.2818.55
NP After MI And SOA / Share (Rs.) 50.6740.7032.4026.2218.54
PBDIT Margin (%) 71.5073.3273.6072.0470.21
PBIT Margin (%) 70.5572.2972.6671.0569.14
PBT Margin (%) 22.2124.0628.0528.6721.37
Net Profit Margin (%) 16.4817.8220.7721.2815.88
NP After MI And SOA Margin (%) 16.4917.8620.6821.2315.87
Return on Networth / Equity (%) 18.0117.4518.5718.2915.84
Return on Capital Employeed (%) 27.8227.7624.1824.7425.13
Return On Assets (%) 2.112.182.342.612.03
Long Term Debt / Equity (X) 1.741.531.681.461.72
Total Debt / Equity (X) 7.406.866.795.886.64
Asset Turnover Ratio (%) 0.140.140.130.120.13
Current Ratio (X) 1.461.441.501.521.52
Quick Ratio (X) 1.461.441.501.521.52
Dividend Payout Ratio (NP) (%) 3.944.876.167.627.00
Dividend Payout Ratio (CP) (%) 3.724.605.897.286.56
Earning Retention Ratio (%) 96.0695.1393.8492.3893.00
Cash Earning Retention Ratio (%) 96.2895.4094.1192.7293.44
Interest Coverage Ratio (X) 1.481.521.651.701.47
Interest Coverage Ratio (Post Tax) (X) 1.341.371.471.501.33
Enterprise Value (Cr.) 293367.39227270.25156984.38123872.82104291.38
EV / Net Operating Revenue (X) 11.3511.8712.1812.2210.89
EV / EBITDA (X) 15.8716.1916.5516.9615.51
MarketCap / Net Operating Revenue (X) 4.955.084.865.824.79
Retention Ratios (%) 96.0595.1293.8392.3792.99
Price / BV (X) 5.404.964.375.014.78
Price / Net Operating Revenue (X) 4.955.084.865.824.79
EarningsYield 0.030.030.040.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Cholamandalam Investment & Finance Company Ltd. is a Public Limited Listed company incorporated on 17/08/1978 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L65993TN1978PLC007576 and registration number is 007576. 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. 25745.57 Cr. and Equity Capital is Rs. 168.25 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)Chola Crest, No.C54-55 & Super B-4, Chennai (Madras) Tamil Nadu 600032Contact not found
Management
NamePosition Held
Mr. Vellayan SubbiahExecutive Chairman
Mr. Ravindra Kumar KunduManaging Director
Mr. M A M ArunachalamNon Executive Director
Mr. N Ramesh RajanIndependent Director
Mr. M R KumarIndependent Director
Ms. Bhama KrishnamurthyIndependent Director
Mr. Anand KumarIndependent Director
Mr. Ramkumar RamamoorthyIndependent Director

FAQ

What is the intrinsic value of Cholamandalam Investment & Finance Company Ltd and is it undervalued?

As of 05 April 2026, Cholamandalam Investment & Finance Company Ltd's intrinsic value is ₹760.73, which is 44.63% lower than the current market price of ₹1,374.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.7 %), book value (₹307), dividend yield (0.15 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cholamandalam Investment & Finance Company Ltd?

Cholamandalam Investment & Finance Company Ltd is trading at ₹1,374.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,832 and low of ₹1,335. The stock is currently near its 52-week low. Market cap stands at ₹1,17,036 Cr..

How does Cholamandalam Investment & Finance Company Ltd's P/E ratio compare to its industry?

Cholamandalam Investment & Finance Company Ltd has a P/E ratio of 24.2, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Cholamandalam Investment & Finance Company Ltd financially healthy?

Key indicators for Cholamandalam Investment & Finance Company Ltd: ROCE of 10.3 % is moderate; ROE of 19.7 % shows strong shareholder returns. Dividend yield is 0.15 %.

Is Cholamandalam Investment & Finance Company Ltd profitable and how is the profit trend?

Cholamandalam Investment & Finance Company Ltd reported a net profit of ₹4,263 Cr in Mar 2025 on revenue of ₹25,890 Cr. Compared to ₹2,154 Cr in Mar 2022, the net profit shows an improving trend.

Does Cholamandalam Investment & Finance Company Ltd pay dividends?

Cholamandalam Investment & Finance Company Ltd has a dividend yield of 0.15 % at the current price of ₹1,374.00. The company pays dividends, though the yield is modest.

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 Investment & Finance Company 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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