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Cholamandalam Investment and Finance Co. Ltd.
(CHOLAFIN)
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Rating:63Neutral
Price Target:
₹1,689.00
▼(-5.14% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid fundamental growth and profitability, tempered by elevated balance-sheet leverage and historically inconsistent cash flows. Technicals are supportive with price above key moving averages and positive momentum, while valuation appears somewhat expensive with a low dividend yield.
Positive Factors
Revenue Growth
The sustained multi-year revenue uptrend indicates expanding lending activity and customer reach rather than reliance on a single short-term improvement. Continued growth in the loan-oriented business can support operating scale, recurring interest income, and reinvestment in distribution and collections.
Negative Factors
High Leverage
Persistent leverage at roughly six to seven times equity leaves the lender more exposed to changes in funding conditions and credit losses than a less leveraged balance sheet. It can constrain financial flexibility during stress and make earnings and capital outcomes more sensitive to the credit cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sustained multi-year revenue uptrend indicates expanding lending activity and customer reach rather than reliance on a single short-term improvement. Continued growth in the loan-oriented business can support operating scale, recurring interest income, and reinvestment in distribution and collections.
Read all positive factors
Cholamandalam Investment and Finance Co. Ltd. (CHOLAFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.36T
Dividend Yield0.13%
Average Volume (3M)194.96K
Price to Earnings (P/E)21.7
Beta (1Y)1.67
Revenue Growth20.67%
EPS Growth32.42%
CountryIN
Employees38,235
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)67.83
Shares Outstanding854,455,930
10 Day Avg. Volume96,468
30 Day Avg. Volume194,964
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)79.58
Revenue Forecast (FY)₹208.14B
Cholamandalam Investment and Finance Co. Ltd. Business Overview & Revenue Model
Company Description
Cholamandalam Investment and Finance Company Limited (CHOLAFIN.NS) operates as a prominent non-banking financial institution within India, delivering a comprehensive suite of financial services. Its core operations are structured around vehicle fi...
How the Company Makes Money
CHOLAFIN makes money primarily through lending-related income and fees. The company raises funds (e.g., via bank borrowings, market instruments such as bonds/debentures, and other financing sources typical for NBFCs) and deploys this capital into ...
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 | 331.42B | 315.39B | 258.87B | 191.52B | 128.79B | 101.43B |
| Gross Profit | 178.54B | 165.87B | 134.11B | 99.39B | 71.45B | 58.64B |
| EBITDA | 88.56B | 72.61B | 59.86B | 48.03B | 37.36B | 30.08B |
| Net Income | 57.51B | 52.33B | 42.63B | 34.20B | 26.65B | 21.54B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.45T | 2.02T | 1.57T | 1.14T | 824.79B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 146.95B | 95.01B | 43.94B | 9.12B | 26.99B |
| Total Debt | 0.00 | 2.11T | 1.75T | 1.34T | 973.58B | 692.84B |
| Total Liabilities | -304.58B | 2.15T | 1.78T | 1.37T | 992.81B | 707.10B |
| Stockholders Equity | 304.58B | 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
Neutral
1780.55
Price Trends
1703.57
Negative
1740.18
Negative
1668.00
Negative
Market Momentum
-43.63
Negative
48.31
Neutral
82.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHOLAFIN, the sentiment is Neutral. The current price of 1780.55 is above the 20-day moving average (MA) of 1559.08, above the 50-day MA of 1703.57, and above the 200-day MA of 1668.00, indicating a neutral trend. The MACD of -43.63 indicates Negative momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 82.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CHOLAFIN.
Cholamandalam Investment and Finance Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹1.94T | 13.71 | ― | 1.51% | 10.10% | 14.42% | |
63 Neutral | ₹1.36T | 21.68 | ― | 0.13% | 20.67% | 32.42% | |
60 Neutral | ₹407.10B | 35.96 | ― | 0.84% | 77.08% | 358.18% | |
59 Neutral | ₹612.82B | 17.89 | ― | 1.12% | 17.30% | 26.39% | |
59 Neutral | ₹437.50B | 19.57 | ― | 1.02% | 13.67% | 15.62% | |
58 Neutral | ₹364.24B | 10.11 | ― | 4.47% | 14.94% | 36.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,586.00
-109.27
-6.45%
IN:LTF
L&T Finance Ltd
244.50
-23.19
-8.66%
IN:M&MFIN
Mahindra & Mahindra Financial Services Ltd.
262.15
-46.55
-15.08%
IN:POONAWALLA
Poonawalla Fincorp Limited
462.30
-19.60
-4.07%
IN:SHRIRAMFIN
Shriram Finance Limited
825.00
90.71
12.35%
IN:SUNDARMFIN
Sundaram Finance Limited
3,937.75
-625.44
-13.71%
Cholamandalam Investment and Finance Co. Ltd. Corporate Events
Cholamandalam to Review Half-Year Results, Closes Trading Window Ahead of Board Meet
Oct 8, 2026
Cholamandalam Investment and Finance Company Limited has scheduled a board meeting on October 28, 2026 to consider and approve its audited standalone and consolidated financial statements for the quarter and half-year ended September 30, 2026, sig...
Cholamandalam Allots 91,063 Shares Under Employee Stock Option Scheme
Sep 30, 2026
Cholamandalam Investment and Finance Company Limited has approved the allotment of 91,063 equity shares to eligible employees following the exercise of options under its employee stock option scheme. The shares have a face value of Rs. 2 each and ...
Cholamandalam gets bourse nod to reclassify promoter entity as public shareholder
Aug 26, 2026
Cholamandalam Investment and Finance Company Limited, a listed non-banking financial company in India, provides lending and investment services to retail and corporate customers. Its shares trade on the National Stock Exchange and BSE, and the fir...
Cholamandalam Raises ₹350 Crore via Secured Non-Convertible Securities on NSE
Aug 21, 2026
Cholamandalam Investment and Finance Company Limited has completed a private placement of 35,000 secured non-convertible securities, raising ₹350 crore as part of a larger ₹1,000 crore issue listed on the Wholesale Debt Market segment ...
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.