Cholamandalam Financial Holdings Ltd (CHOLAHLDNG) AI Stock Analysis

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Cholamandalam Financial Holdings Ltd

(NSE:CHOLAHLDNG)

Select Model

Rating:74Outperform

Price Target:INR 1,514.00▲(11.98% Upside)

Action:reiterated

Date:08/11/26

Strong financial growth and attractive valuation drive the score, tempered by mixed technical signals including overbought conditions and high leverage risks in the balance sheet.

Positive Factors

Strong Revenue ExpansionRevenue growth across 2021–2026 demonstrates substantial expansion in the consolidated financial-services businesses. A larger earnings base can support continued investment and strengthen the holding structure’s ability to benefit from sustained growth across its underlying businesses over the next several quarters.

Negative Factors

Very High LeverageThe very high and rising leverage profile increases sensitivity to funding costs, credit quality, and liquidity conditions. If the underlying lending businesses weaken, substantial debt obligations could constrain financial flexibility and make it harder for the company to absorb stress or fund growth internally.

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

Market Cap: INR 253.74B
Dividend Yield: 0.10%
Average Volume (3M): 40.67K
Price to Earnings (P/E): 9.5
Beta (1Y): 1.27
Revenue Growth: 17.75%
EPS Growth: 21.10%
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

Aggregating strong revenue and net income growth (Income Statement: 85), healthy asset and equity expansion offset by high leverage (Balance Sheet: 75), and improving but historically negative cash flows (Cash Flow: 65), resulting in solid overall financial health with growth strengths and leverage risks.

Income Statement

85Very Positive

Balance Sheet

75Positive

Cash Flow

65Positive

Financial statement breakdown
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	2.68T	2.25T	1.77T	1.31T	977.72B
Cash, Cash Equivalents and Short-Term Investments	0	174.40B	127.73B	49.99B	46.87B	48.57B
Total Debt	0	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

Technical Analysis SentimentNegative

Last Price1352.00

Price Trends

50DMA1440.64Negative

100DMA1512.46Negative

200DMA1564.39Negative

Market Momentum

MACD-36.92Negative

RSI46.21Neutral

STOCH69.93Neutral

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 1352.00 is below the 20-day moving average (MA) of 1357.01, below the 50-day MA of 1440.64, and below the 200-day MA of 1564.39, indicating a bearish trend. The MACD of -36.92 indicates Negative momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 69.93 is Neutral, 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

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:SHRIRAMFIN	82Outperform	INR 1.94T	13.71	―	1.51%	10.10%	14.42%
IN:CHOLAFIN	75Outperform	INR 1.36T	21.68	―	0.13%	20.67%	32.42%
IN:CHOLAHLDNG	74Outperform	INR 253.88B	9.51	―	0.10%	17.75%	21.10%
IN:M&MFIN	72Outperform	INR 364.24B	10.11	―	4.47%	14.94%	36.58%
IN:SUNDARMFIN	71Outperform	INR 437.50B	19.57	―	1.02%	13.67%	15.62%
IN:BAJFINANCE	69Neutral	INR 5.85T	26.92	―	0.64%	18.79%	18.22%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* 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	1352.00	-650.97	-32.50%
IN:BAJFINANCE	Bajaj Finance Limited	939.20	-97.33	-9.39%
IN:CHOLAFIN	Cholamandalam Investment and Finance Co. Ltd.	1586.00	-130.69	-7.61%
IN:M&MFIN	Mahindra & Mahindra Financial Services Ltd.	262.15	-49.34	-15.84%
IN:SHRIRAMFIN	Shriram Finance Limited	825.00	43.88	5.62%
IN:SUNDARMFIN	Sundaram Finance Limited	3937.75	-712.36	-15.32%

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: Aug 11, 2026

Cholamandalam Financial Holdings Ltd AI Stock Analysis

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