Cholamandalam Financial Holdings Ltd.

•

cholafhl.comBSE: 504973NSE: CHOLAHLDNG

Market Cap₹ 28,650 Cr.

Current Price

High / Low₹ 2,064 / 1,305

Stock P/E10.7

Book Value₹ 910

Price to Book1.68

Dividend Yield0.09 %

ROCE10.5 %

ROE39.5 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Financing: 78.6% • Insurance: 21.1% • Others: 0.2%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 25.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 41.6%
Solid return on assets for a lender - ROA of 5.1%
Asset quality is healthy - gross NPA of just 0.0%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 42.0% YoY, showing strong momentum

CONS

Company has a low return on capital employed of 11.2%
Free cash flow has been persistently negative
Though reporting repeated profits, the company pays out little dividend (1.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Investment

Part ofNIFTY TOTAL MKT NIFTY SMLCAP 50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	BAJAJFINSV	1917.30	30.28	307163.22	0.08	62966.70	1081.55	420369.00	1091.26	11.88	40.79
2.	AIIL	546.65	22.13	46422.91	0.00	11082.20	1075.19	14695.40	1109.37	13.85	88.91
3.	CHOLAHLDNG	1525.75	10.74	28650.15	0.09	1788.99	42.04	11113.57	42.92	10.52	57.53
4.	TVSHLTD	13000.05	13.35	26301.84	0.66	1173.58	73.77	17076.18	40.01	19.39	16.25
5.	CGCL	266.10	22.71	25602.92	0.08	353.38	102.04	1576.47	62.12	11.68	68.54
6.	MAHSCOOTER	13002.55	53.35	14860.05	1.69	3.32	-90.61	5.41	-81.52	1.06	84.10
7.	JSWHL	11435.95	92.40	12693.48	0.00	24.54	-92.74	34.58	14.97	0.58	92.45
8.	JMFINANCIL	124.75	11.48	11938.08	2.61	368.57	-19.66	1200.53	9.69	11.91	58.30
9.	TSFINV	437.25	19.95	9711.49	2.55	124.95	-92.11	305.57	102.23	3.47	53.35
10.	RELIGARE	256.95	161.25	8857.93	0.00	-46.98	-674.86	2353.40	1051.76	4.71	-2.08
11.	KAMAHOLD	2282.95	7.87	7326.12	1.82	584.02	10.80	4657.56	7.07	20.86	22.01
12.	PILANIINVS	4196.35	140.83	4646.30	0.21	-47.26	-17.55	14.44	-70.70	1.41	-9.33

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4,445	5,033	5,446	5,781	6,314	6,677	6,989	7,357	7,776	7,791	8,265	8,668	11,114
	2,585	2,895	2,978	2,932	3,253	3,537	3,772	3,709	4,142	4,359	4,487	4,541	8,816
Operating Profit	3,041	3,422	3,816	4,134	4,380	4,553	4,718	5,204	5,154	5,102	5,462	5,825	6,394
OPM %	68.41%	68.00%	70.07%	71.51%	69.36%	68.20%	67.50%	70.73%	66.28%	65.49%	66.08%	67.20%	57.53%
Other Income	89	55	47	92	45	90	104	96	87	128	135	153	101
Interest	2,013	2,209	2,445	2,582	2,796	3,058	3,280	3,361	3,468	3,518	3,648	3,755	4,007
Depreciation	52	52	55	88	70	74	72	79	79	83	87	84	87
	1,065	1,216	1,363	1,556	1,559	1,512	1,469	1,860	1,695	1,630	1,862	2,140	2,400
Tax %	25.36%	26.70%	24.68%	27.65%	25.64%	25.63%	25.75%	26.89%	25.76%	25.62%	25.64%	24.14%	25.46%
Net Profit	0	0	0	0	1,160	1,125	1,093	1,362	1,260	1,214	1,386	1,626	1,789
	20	22	25	27	29	28	26	33	31	29	33	37	4

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,688	8,909	10,926	13,185	13,904	14,644	18,146	25,804	33,125	39,073	35,837
	2,377	4,491	5,148	6,639	6,811	7,301	8,612	11,412	14,330	17,529	22,203
Operating Profit	311	4,418	5,778	6,547	7,093	7,342	9,534	14,392	18,796	21,543	13,634
OPM %	11.57%	49.59%	52.88%	49.65%	51.01%	50.14%	52.54%	55.77%	56.74%	55.14%	38.04%
	1	2	22	1	61	183	244	305	394	503	517
Interest	0	2,655	3,587	4,592	4,608	4,328	5,778	9,249	12,494	14,388	14,928
Depreciation	17	70	78	150	145	154	176	248	296	333	341
Profit before Tax	295	1,695	2,135	1,806	2,400	3,044	3,824	5,200	6,400	7,326	8,031
Tax %	30.34%	33.56%	33.78%	35.55%	26.51%	26.33%	26.31%	26.18%	26.03%	25.23%	25.18%
Net Profit	205	1,126	1,414	1,164	1,764	2,242	2,818	3,838	4,734	5,478	6,009
EPS	24.24	29.00	37.12	29.34	43.93	54.49	68.72	94.38	115.74	129.99	—
Dividend Payout %	5.16%	4.26%	3.37%	2.21%	1.25%	1.01%	0.80%	0.58%	1.12%	1.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 26%
5 Years:: 23%
3 Years:: 29%

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: 24%
3 Years:: 24%

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: 18%
3 Years:: 11%
1 Year:: -19%

RETURN ON EQUITY

10 Years:: 35%
5 Years:: 41%
3 Years:: 42%
Last Year:: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	19	19	19	19	19
Minority Interest	438	3,279	3,921	5,111	5,973	7,183	8,597	11,882	14,434	18,426
	2,745	3,280	3,906	4,542	5,334	6,374	7,560	10,154	12,394	15,289
	2,076	40,740	53,479	58,738	67,889	73,810	1,02,997	1,49,037	1,90,881	2,23,597
Trade Payables	223	1,030	856	703	1,233	1,496	2,049	499	666	339
	2,322	4,619	5,148	6,055	7,195	8,021	8,914	4,502	5,293	9,449
Total Liabilities	7,823	52,968	67,329	75,168	87,642	96,902	1,30,136	1,76,093	2,23,687	2,67,120
	73	282	277	450	418	436	594	1,755	2,000	2,180
Capital Work in Progress	0	0	0	0	0	26	36	0	4	28
	6,565	6,211	7,552	8,893	11,678	13,282	17,536	20,058	24,271	24,968
	0	0	0	0	0	0	0	214	204	327
Cash & Bank	397	1,209	3,945	7,314	6,204	5,448	3,164	2,398	7,299	11,992
	788	45,266	55,554	58,510	69,343	77,711	1,08,807	1,51,669	1,89,910	2,27,625
Total Assets	7,823	52,968	67,329	75,168	87,642	96,902	1,30,136	1,76,093	2,23,687	2,67,120

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	717	-3,079	-5,242	2,690	-5,257	-1,585	-24,119	-28,373	-23,932	-17,811
Cash from Investing	-653	-1,825	-93	-96	-62	-135	295	-2,625	-1,038	-2,528
Cash from Financing	-69	8,287	12,171	2,427	7,688	7,073	27,288	38,269	39,652	35,650
	-128	160	2,803	417	-2,093	1,199	-1,746	-82	4,413	3,089

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
47.32	47.32	46.45	46.45	46.44	46.42	46.38	46.38	46.43
13.60	16.15	16.24	17.54	18.19	17.26	16.34	13.68	12.87
25.51	23.01	22.93	21.80	21.43	22.52	23.55	26.09	26.89
0.46	0.45	0.46	0.46	0.46	0.46	0.46	0.46	0.46
12.98	12.94	13.79	13.61	13.35	13.21	13.14	13.26	13.22

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Cholamandalam Financial Holdings Limited has informed the Exchange about Transcript

2026-08-17

Shareholders meeting

2026-08-17 - Cholamandalam Financial Holdings Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-15

Shareholders meeting

2026-08-15 - Cholamandalam Financial Holdings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Cholamandalam Financial Holdings Limited has informed the Exchange about Link of Recording

2026-08-14

Press Release

2026-08-14 - Cholamandalam Financial Holdings Limited has informed the Exchange regarding a press release dated August 14, 2026, titled "Un-audited financial results for the quarter ended June 30, 2026.".

2026-08-14

Investor Presentation

2026-08-14 - Cholamandalam Financial Holdings Limited has informed the Exchange about Investor Presentation

2026-08-14

Outcome of Board Meeting

2026-08-14 - Cholamandalam Financial Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-31 - Cholamandalam Financial Holdings Limited has informed the Exchange about Schedule of meet

2026-07-22

Updates

2026-07-22 - Cholamandalam Financial Holdings Limited has informed the Exchange regarding Business Responsibility and Sustainability Report for FY 2025-2026

News

Recent coverage and analyst commentary for CHOLAHLDNG

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Cholamandalam Financial Holdings Ltd.

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Name

BAJAJFINSV

1917.30

30.28

307163.22

0.08

62966.70

1081.55

420369.00

1091.26

11.88

40.79

AIIL

546.65

22.13

46422.91

0.00

11082.20

1075.19

14695.40

1109.37

13.85

88.91

CHOLAHLDNG

1525.75

10.74

28650.15

0.09

1788.99

42.04

11113.57

42.92

10.52

57.53

TVSHLTD

13000.05

13.35

26301.84

0.66

1173.58

73.77

17076.18

40.01

19.39

16.25

CGCL

266.10

22.71

25602.92

0.08

353.38

102.04

1576.47

62.12

11.68

68.54

MAHSCOOTER

13002.55

53.35

14860.05

1.69

3.32

-90.61

5.41

-81.52

1.06

84.10

JSWHL

11435.95

92.40

12693.48

0.00

24.54

-92.74

34.58

14.97

0.58

92.45

JMFINANCIL

124.75

11.48

11938.08

2.61

368.57

-19.66

1200.53

9.69

11.91

58.30

TSFINV

437.25

19.95

9711.49

2.55

124.95

-92.11

305.57

102.23

3.47

53.35

RELIGARE

256.95

161.25

8857.93

0.00

-46.98

-674.86

2353.40

1051.76

4.71

-2.08

KAMAHOLD

2282.95

7.87

7326.12

1.82

584.02

10.80

4657.56

7.07

20.86

22.01

PILANIINVS

4196.35

140.83

4646.30

0.21

-47.26

-17.55

14.44

-70.70

1.41

-9.33

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

4,445

5,033

5,446

5,781

6,314

6,677

6,989

7,357

7,776

7,791

8,265

8,668

11,114

2,585

2,895

2,978

2,932

3,253

3,537

3,772

3,709

4,142

4,359

4,487

4,541

8,816

Operating Profit

3,041

3,422

3,816

4,134

4,380

4,553

4,718

5,204

5,154

5,102

5,462

5,825

6,394

OPM %

68.41%

68.00%

70.07%

71.51%

69.36%

68.20%

67.50%

70.73%

66.28%

65.49%

66.08%

67.20%

57.53%

Other Income

104

128

135

153

101

Interest

2,013

2,209

2,445

2,582

2,796

3,058

3,280

3,361

3,468

3,518

3,648

3,755

4,007

Depreciation

1,065

1,216

1,363

1,556

1,559

1,512

1,469

1,860

1,695

1,630

1,862

2,140

2,400

Tax %

25.36%

26.70%

24.68%

27.65%

25.64%

25.63%

25.75%

26.89%

25.76%

25.62%

25.64%

24.14%

25.46%

Net Profit

1,160

1,125

1,093

1,362

1,260

1,214

1,386

1,626

1,789

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,688

8,909

10,926

13,185

13,904

14,644

18,146

25,804

33,125

39,073

35,837

2,377

4,491

5,148

6,639

6,811

7,301

8,612

11,412

14,330

17,529

22,203

Operating Profit

311

4,418

5,778

6,547

7,093

7,342

9,534

14,392

18,796

21,543

13,634

OPM %

11.57%

49.59%

52.88%

49.65%

51.01%

50.14%

52.54%

55.77%

56.74%

55.14%

38.04%

183

244

305

394

503

517

Interest

2,655

3,587

4,592

4,608

4,328

5,778

9,249

12,494

14,388

14,928

Depreciation

150

145

154

176

248

296

333

341

Profit before Tax

295

1,695

2,135

1,806

2,400

3,044

3,824

5,200

6,400

7,326

8,031

Tax %

30.34%

33.56%

33.78%

35.55%

26.51%

26.33%

26.31%

26.18%

26.03%

25.23%

25.18%

Net Profit

205

1,126

1,414

1,164

1,764

2,242

2,818

3,838

4,734

5,478

6,009

EPS

24.24

29.00

37.12

29.34

43.93

54.49

68.72

94.38

115.74

129.99

—

Dividend Payout %

5.16%

4.26%

3.37%

2.21%

1.25%

1.01%

0.80%

0.58%

1.12%

1.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

438

3,279

3,921

5,111

5,973

7,183

8,597

11,882

14,434

18,426

2,745

3,280

3,906

4,542

5,334

6,374

7,560

10,154

12,394

15,289

2,076

40,740

53,479

58,738

67,889

73,810

1,02,997

1,49,037

1,90,881

2,23,597

Trade Payables

223

1,030

856

703

1,233

1,496

2,049

499

666

339

2,322

4,619

5,148

6,055

7,195

8,021

8,914

4,502

5,293

9,449

Total Liabilities

7,823

52,968

67,329

75,168

87,642

96,902

1,30,136

1,76,093

2,23,687

2,67,120

282

277

450

418

436

594

1,755

2,000

2,180

Capital Work in Progress

6,565

6,211

7,552

8,893

11,678

13,282

17,536

20,058

24,271

24,968

214

204

327

Cash & Bank

397

1,209

3,945

7,314

6,204

5,448

3,164

2,398

7,299

11,992

788

45,266

55,554

58,510

69,343

77,711

1,08,807

1,51,669

1,89,910

2,27,625

Total Assets

7,823

52,968

67,329

75,168

87,642

96,902

1,30,136

1,76,093

2,23,687

2,67,120

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

717

-3,079

-5,242

2,690

-5,257

-1,585

-24,119

-28,373

-23,932

-17,811

Cash from Investing

-653

-1,825

-93

-96

-62

-135

295

-2,625

-1,038

-2,528

Cash from Financing

-69

8,287

12,171

2,427

7,688

7,073

27,288

38,269

39,652

35,650

-128

160

2,803

417

-2,093

1,199

-1,746

-82

4,413

3,089

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

47.32

46.45

46.44

46.42

46.38

46.43

13.60

16.15

16.24

17.54

18.19

17.26

16.34

13.68

12.87

25.51

23.01

22.93

21.80

21.43

22.52

23.55

26.09

26.89

0.46

0.45

0.46

12.98

12.94

13.79

13.61

13.35

13.21

13.14

13.26

13.22

Cholamandalam Financial Holdings Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Cholamandalam Financial Holdings Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI