Cholamandalam Financial Holdings Ltd (CHOLAHLDNG) AI Stock Analysis

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Cholamandalam Financial Holdings Ltd

(NSE:CHOLAHLDNG)

Select Model

Rating:72Outperform

Price Target:INR 1,604.00▲(9.86% Upside)

Action:reiterated

Date:11/12/26

Strong financial performance is the primary support, driven by revenue growth, profitability, and improving operating cash flow. Attractive valuation adds meaningful upside, while mixed technical signals and high leverage limit the score.

Positive Factors

Strong Revenue GrowthRevenue growth of this scale indicates expanding activity across the underlying financial-services businesses. If sustained, the larger operating base can support stronger earnings capacity, broaden the group’s market presence, and provide more resources for reinvestment over the next several quarters.

Negative Factors

Very High LeverageThe company’s very high and rising leverage leaves less financial flexibility if credit quality or liquidity conditions weaken. A heavily debt-funded structure can magnify losses, increase sensitivity to funding costs, and constrain capital allocation during a downturn even while equity expands.

Cholamandalam Financial Holdings Ltd (CHOLAHLDNG) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 274.16B
Dividend Yield: 0.09%
Average Volume (3M): 26.51K
Price to Earnings (P/E): 9.9
Beta (1Y): 1.19
Revenue Growth: 18.13%
EPS Growth: 23.93%
Country: India
Employees: 53,503
Sector: General
Sector Strength: 55
Industry: Financial - Credit Services

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, hom...

How the Company Makes Money

Cholamandalam Financial Holdings Ltd primarily makes money as a holding company through (1) dividend income received from its investee companies (typically financial services operating entities), (2) profit/loss from sale or revaluation of investment...

Cholamandalam Financial Holdings Ltd Financial Statement Overview

Summary

Strong revenue growth, improving margins, steady equity expansion, and recent positive operating cash flow support the score. High leverage and volatile free cash flow remain key risks.

Income Statement

88Very Positive

Balance Sheet

72Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	443.17B	395.76B	349.96B	272.76B	193.81B	156.38B
Gross Profit	182.18B	192.35B	110.02B	81.54B	71.60B	61.35B
EBITDA	101.28B	76.66B	67.40B	54.74B	40.18B	32.18B
Net Income	27.61B	24.41B	21.74B	17.73B	12.90B	10.23B
Balance Sheet
Total Assets	2.94T	2.68T	2.25T	1.77T	1.31T	977.72B
Cash, Cash Equivalents and Short-Term Investments	139.02B	174.40B	127.73B	49.99B	46.87B	48.57B
Total Debt	2.31T	2.10T	1.74T	1.34T	971.91B	692.29B
Total Liabilities	2.56T	2.34T	1.98T	1.55T	1.15T	841.43B
Stockholders Equity	171.24B	154.54B	125.15B	102.42B	76.61B	64.46B
Cash Flow
Free Cash Flow	0	155.18B	-345.43B	-368.95B	-295.89B	-58.77B
Operating Cash Flow	0	158.78B	-342.01B	-357.26B	-293.29B	-57.38B
Investing Cash Flow	0	-476.49B	-10.38B	-26.25B	2.95B	-1.35B
Financing Cash Flow	0	356.50B	396.52B	382.69B	272.88B	70.73B

Cholamandalam Financial Holdings Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price1460.05

Price Trends

50DMA1420.34Positive

100DMA1503.39Negative

200DMA1547.46Negative

Market Momentum

MACD12.65Negative

RSI59.89Neutral

STOCH69.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHOLAHLDNG, the sentiment is Positive. The current price of 1460.05 is above the 20-day moving average (MA) of 1369.80, above the 50-day MA of 1420.34, and below the 200-day MA of 1547.46, indicating a neutral trend. The MACD of 12.65 indicates Negative momentum. The RSI at 59.89 is Neutral, neither overbought nor oversold. The STOCH value of 69.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CHOLAHLDNG.

Cholamandalam Financial Holdings Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:CHOLAHLDNG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BAJFINANCE	75Outperform	INR 6.94T	32.02	―	0.54%	18.79%	18.22%
IN:CHOLAHLDNG	72Outperform	INR 274.16B	9.93	―	0.09%	18.13%	23.93%
IN:CHOLAFIN	60Neutral	INR 1.58T	25.29	―	0.11%	20.67%	32.42%
IN:SHRIRAMFIN	58Neutral	INR 2.29T	16.16	―	1.29%	10.10%	14.42%
IN:SUNDARMFIN	57Neutral	INR 482.54B	21.27	―	0.92%	13.61%	14.02%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:M&MFIN	48Neutral	INR 398.63B	11.08	―	4.09%	14.94%	36.58%

* General Sector Average

Performance Comparison

IN:CHOLAHLDNG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:CHOLAHLDNG	Cholamandalam Financial Holdings Ltd	1460.05	-505.50	-25.72%
IN:BAJFINANCE	Bajaj Finance Limited	1115.20	95.02	9.31%
IN:CHOLAFIN	Cholamandalam Investment and Finance Co. Ltd.	1843.85	146.04	8.60%
IN:M&MFIN	Mahindra & Mahindra Financial Services Ltd.	286.90	-20.34	-6.62%
IN:SHRIRAMFIN	Shriram Finance Limited	971.90	166.09	20.61%
IN:SUNDARMFIN	Sundaram Finance Limited	4343.10	-386.50	-8.17%

Cholamandalam Financial Holdings Ltd Corporate Events

Cholamandalam Financial Holdings Secures Shareholder Approval at 77th AGM

Aug 17, 2026

Cholamandalam Financial Holdings Limited reported that all resolutions tabled at its 77th Annual General Meeting, held via video conference on August 14, 2026, were approved by shareholders with the requisite majority. The company submitted the votin...

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.

Date of analysis: Nov 12, 2026

Cholamandalam Financial Holdings Ltd AI Stock Analysis