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Cholamandalam Financial Holdings Ltd
(CHOLAHLDNG)
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Rating:67Neutral
Price Target:
₹1,759.00
▼(-3.43% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by solid valuation (moderate P/E and high dividend yield) and a constructive near-term technical setup. These positives are tempered by elevated financial risk from very high leverage and an uneven cash-flow history despite the latest-year improvement.
Positive Factors
Strong multi-year revenue growth
Sustained revenue growth nearly tripling over five years indicates expanding core lending and insurance operations and stronger market penetration. This scale gain supports diversification of income, spreads fixed costs, and enhances capacity to invest in underwriting, distribution and technology over the medium term.
Negative Factors
Very high leverage
A debt-to-equity ratio in the double digits exposes the group to refinancing and liquidity risk if credit conditions tighten. High leverage amplifies earnings volatility from credit costs and limits strategic flexibility to absorb shocks or fund growth without raising costly debt or equity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth
Sustained revenue growth nearly tripling over five years indicates expanding core lending and insurance operations and stronger market penetration. This scale gain supports diversification of income, spreads fixed costs, and enhances capacity to invest in underwriting, distribution and technology over the medium term.
Read all positive factors
Cholamandalam Financial Holdings Ltd (CHOLAHLDNG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹286.50B
Dividend Yield0.09%
Average Volume (3M)46.34K
Price to Earnings (P/E)10.8
Beta (1Y)1.29
Revenue Growth17.75%
EPS Growth21.10%
CountryIN
Employees53,503
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)142.11
Shares Outstanding187,777,470
10 Day Avg. Volume23,039
30 Day Avg. Volume46,341
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)1.66
Price to Sales (P/S)0.65
P/FCF Ratio1.65
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)156
Revenue Forecast (FY)₹15.25B
Cholamandalam Financial Holdings Ltd Business Overview & Revenue Model
Company Description
Cholamandalam Financial Holdings Limited, an investment company, provides financial services in India. It operates through Financial Services, and Insurance and Allied Services segments. The company offers vehicle finance, loans against property, ...
How the Company Makes Money
Cholamandalam Financial Holdings Ltd primarily makes money as a holding company by earning returns from its stakes in operating financial services subsidiaries and other investments. Key revenue/earnings drivers typically include: (1) Dividend inc...
Cholamandalam Financial Holdings Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 423.22B | 395.76B | 349.96B | 272.76B | 193.81B | 156.38B |
| Gross Profit | 178.74B | 192.35B | 110.02B | 81.54B | 71.60B | 61.35B |
| EBITDA | 97.93B | 76.66B | 67.40B | 54.74B | 40.18B | 32.18B |
| Net Income | 26.69B | 24.41B | 21.74B | 17.73B | 12.90B | 10.23B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.68T | 2.25T | 1.77T | 1.31T | 977.72B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 174.40B | 127.73B | 49.99B | 46.87B | 48.57B |
| Total Debt | 0.00 | 2.10T | 1.74T | 1.34T | 971.91B | 692.29B |
| Total Liabilities | -338.80B | 2.34T | 1.98T | 1.55T | 1.15T | 841.43B |
| Stockholders Equity | 338.80B | 154.54B | 125.15B | 102.42B | 76.61B | 64.46B |
Cash Flow | ||||||
| Free Cash Flow | -110.71B | 155.18B | -345.43B | -368.95B | -295.89B | -58.77B |
| Operating Cash Flow | -108.70B | 158.78B | -342.01B | -357.26B | -293.29B | -57.38B |
| Investing Cash Flow | -6.72B | -476.49B | -10.38B | -26.25B | 2.95B | -1.35B |
| Financing Cash Flow | 118.96B | 356.50B | 396.52B | 382.69B | 272.88B | 70.73B |
Cholamandalam Financial Holdings Ltd Technical Analysis
Negative
1821.40
Price Trends
1563.19
Negative
1582.14
Negative
1640.24
Negative
Market Momentum
-13.13
Negative
46.36
Neutral
81.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHOLAHLDNG, the sentiment is Negative. The current price of 1821.4 is above the 20-day moving average (MA) of 1530.48, above the 50-day MA of 1563.19, and above the 200-day MA of 1640.24, indicating a bearish trend. The MACD of -13.13 indicates Negative momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 81.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CHOLAHLDNG.
Cholamandalam Financial Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹2.42T | 18.15 | ― | 1.05% | 10.38% | 9.95% | |
67 Neutral | ₹286.50B | 10.76 | ― | 0.09% | 17.75% | 21.10% | |
66 Neutral | ₹6.44T | 31.67 | ― | 0.58% | 17.80% | 16.10% | |
63 Neutral | ₹1.58T | 27.21 | ― | 0.11% | 19.87% | 28.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹494.49B | 15.19 | ― | 2.48% | 13.60% | 30.32% | |
55 Neutral | ₹523.82B | 23.39 | ― | 0.85% | 13.67% | 15.62% |
* General Sector Average
IN:CHOLAHLDNG
Cholamandalam Financial Holdings Ltd
1,525.75
-363.21
-19.23%
IN:BAJFINANCE
Bajaj Finance Limited
1,034.20
30.32
3.02%
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,845.00
329.18
21.72%
IN:M&MFIN
Mahindra & Mahindra Financial Services Ltd.
355.95
91.65
34.67%
IN:SHRIRAMFIN
Shriram Finance Limited
1,028.00
411.42
66.73%
IN:SUNDARMFIN
Sundaram Finance Limited
4,714.65
317.53
7.22%
Cholamandalam Financial Holdings Ltd Corporate Events
Cholamandalam Financial Holdings Sets August 14 AGM, Proposes Dividend and Leadership Changes
Jul 22, 2026
Cholamandalam Financial Holdings Limited has scheduled its 77th Annual General Meeting for August 14, 2026, to be conducted via video conference, with electronic circulation of the FY 2025-26 annual report and AGM notice to shareholders. The compa...
Cholamandalam Financial Holdings Releases FY26 Sustainability Report
Jul 22, 2026
Cholamandalam Financial Holdings Ltd, part of the Murugappa Group, operates as a diversified financial services holding company with interests in lending and general insurance. Through its key businesses Cholamandalam Investment and Finance Compan...
Cholamandalam Financial Holdings Files SEBI Compliance Certificate for Q1 FY27
Jul 10, 2026
Cholamandalam Financial Holdings Limited, formerly TI Financial Holdings Limited, is a Chennai-based financial services holding company whose equity shares are listed on the National Stock Exchange of India and BSE. The firm operates within India&...
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.