StrengthTalking point
Book value compounding
Net worth compounded at 26.8% a year over 4 years (₹11,769 → ₹30,458).
Importance 62 / 95 · financial health
Cholamandalam Investment and Finance Company · Research view
Cholamandalam Investment and Finance Company Ltd
NSE: CHOLAFINBSE: 511243ISIN INE121A01024Face value ₹2standalone
₹1,583
−2.97% · 2026-10-01 · 52-wk ₹1,355–₹1,940
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
StrengthTalking point
Compounding revenue
Revenue compounded at 32.3% a year over 4 years (₹10,141 → ₹31,073) — though FY2024 saw a one-off step-change of 49% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Importance 52 / 95 · growth
Context
Stock has lagged the business
Over 4 years profit compounded at 24.9% a year while the stock returned 9.1% a year — the FY2022 base was somewhat depressed, so part of this is recovery rather than trend.
Importance 51 / 95 · business vs stock
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Finance › Non Banking Financial Company (NBFC).
- Market cap
- ₹1.35 L cr
- FY2026 revenue
- ₹30,982 cr
- FY2026 net profit
- ₹5,220 cr
- Net worth
- ₹30,404 cr
- Total debt
- —net cash
- EPS (basic)
- ₹61.83
- Listed
- NSE · BSE
- Reporting
- Ind-AS (NBFC)Apr–Mar
Peer set used on this page: 5 non banking financial company (nbfc).
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Revenue compounded at 32.3% a year over 4 years (₹10,141 → ₹31,073) — though FY2024 saw a one-off step-change of 49% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Rule REVENUE_CAGR_STRONG
- Revenue growth per year
- +32.5%over 4 years
- Revenue growth
- +20.3%vs last year
- Net profit growth
- +22.6%vs last year
- Change in net profit since FY22
- +143%
Net profit grew 22.8% year on year (FY2025 → FY2026).
Revenue grew 20.2% year on year (FY2025 → FY2026).
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹1,656 cr, up 45.6% from ₹1,138 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 revenue was ₹8,856 cr, up 21.9% from ₹7,267 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 EBIT was ₹6,229 cr, up 24.6% from ₹4,999 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 6,255 | — | 968 | — | 15.5% |
| Q3 FY25 | 6,733 | +34.5% | 1,088 | +24.8% | 16.2% |
| Q4 FY25 | 7,046 | +29.8% | 1,260 | +18.2% | 17.9% |
| Q1 FY26 | 7,267 | +25.0% | 1,138 | +20.1% | 15.7% |
| Q2 FY26 | 7,491 | +19.8% | 1,160 | +19.8% | 15.5% |
| Q3 FY26 | 7,898 | +17.3% | 1,290 | +18.5% | 16.3% |
| Q4 FY26 | 8,417 | +19.5% | 1,645 | +30.6% | 19.5% |
| Q1 FY27 | 8,856 | +21.9% | 1,656 | +45.6% | 18.7% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹32,663 crTTM
- EBITDA
- ₹22,879 crTTM
- EBIT
- ₹22,587 crTTM
- PBT
- ₹7,664 crTTM
- Net profit
- ₹5,751 crTTM
C. Corporate actions
21 Jul 2026DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
5 Feb 2026DividendInterim Dividend - Rs. - 1.3000 — ₹1.30/share
24 Jul 2025DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
7 Feb 2025DividendInterim Dividend - Rs. - 1.3000 — ₹1.30/share
19 Jul 2024DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
7 Feb 2024DividendInterim Dividend - Rs. - 1.3000 — ₹1.30/share
25 Jul 2023DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
10 Feb 2023DividendInterim Dividend - Rs. - 1.3000 — ₹1.30/share
21 Jul 2022DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
10 Feb 2022DividendInterim Dividend - Rs. - 1.3000 — ₹1.30/share
22 Jul 2021DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
9 Feb 2021DividendInterim Dividend - Rs. - 1.3000 — ₹1.30/share
4 Mar 2020DividendInterim Dividend - Rs. - 0.7000 — ₹0.70/share
23 Dec 2019DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share
22 Jul 2019DividendFinal Dividend - Rs. - 0.4000 — ₹0.40/share
14 Jun 2019Stock splitStock Split From Rs.10/- to Rs.2/- — 10:2
8 Feb 2019DividendInterim Dividend - Rs. - 4.5000 — ₹4.50/share
18 Jul 2018DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
9 Feb 2018DividendInterim Dividend - Rs. - 4.5000 — ₹4.50/share
19 Jul 2017DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
6 Feb 2017DividendInterim Dividend - Rs. - 3.5000 — ₹3.50/share
21 Jul 2016DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
9 Feb 2016DividendInterim Dividend - Rs. - 2.5000 — ₹2.50/share
23 Jul 2015DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
5 Feb 2015DividendInterim Dividend - Rs. - 2.5000 — ₹2.50/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Margin and return trends are shown above.
- EBITDA margin now
- 69.8%
- 5-year range
- 69.8–74.3%
- ROE FY2026
- 19.3%
- ROCE FY2026
- —
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Net worth compounded at 26.8% a year over 4 years (₹11,769 → ₹30,458).
Rule NET_WORTH_COMPOUNDING
Operating cash flowNet profit
- Total debt
- —
- Operating cash flow ÷ net profit
- -5.73×FY2026
- Free cash flow
- ₹−30,161 cr
- Current ratio
- —
Section 08 · Relative position
How does it compare with peers?
Ranked against 5 non banking financial company (nbfc) (FY2026, consolidated). No peer-relative rule fired for this company.
Revenue growth
CHOLAFIN · 2nd of 4 · set median 18.9%
EBITDA margin
CHOLAFIN · 4th of 5 · set median 73.3%
Return on equity
CHOLAFIN · 2nd of 5 · set median 17.9%
P/E ratio
CHOLAFIN · 3rd of 5 · set median 23.5×
- P / E
- 23.5×TTM to Jun 26
- P / B
- 4.4×latest book
- P / S
- 4.1×TTM sales
- Earnings yield
- 4.3%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 25.8× · P/S 4.3× · ROE 19.3%.
Section 09 · The stock
How has the stock performed?
Context
Over 4 years profit compounded at 24.9% a year while the stock returned 9.1% a year — the FY2022 base was somewhat depressed, so part of this is recovery rather than trend.
Rule STOCK_LAGGED_EARNINGS · rebound
- 1-year return
- −1.4%
- 3-year return
- +30.0%
- 5-year return
- +183.4%
- From 52-wk high
- −18.4%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,817
- vs 200-day avg
- Below₹1,683
- RSI (14)
- 22.7oversold
- MACD histogram
- -23.4
- From 52-wk high
- −18.4%
- From 52-wk low
- +16.9%
- 30-day volatility
- 24.7%ann.
- 6-month return
- +11.6%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- The price-adjusted series does not correct for 3 rights issues (ex-dates 2003-03-11, 2004-03-17, 2007-09-11) — BSE's corporate-actions feed does not carry the subscription price or ratio a rights adjustment needs, unlike splits and bonuses, which are corrected. Returns spanning those dates may be modestly overstated or understated.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 10,048 | 12,757 | 18,845 | 25,746 | 30,982 |
| Total income | 10,139 | 12,978 | 19,216 | 26,055 | 31,445 |
| EBITDA | 7,287 | 9,467 | 14,008 | 18,464 | 21,616 |
| Profit before tax | 2,891 | 3,600 | 4,582 | 5,737 | 6,961 |
| Net profit | 2,147 | 2,666 | 3,423 | 4,259 | 5,220 |
| EPS (₹) | 26.2 | 32.5 | 41.2 | 50.7 | 61.8 |
| Net worth | 11,708 | 14,296 | 19,557 | 23,627 | 30,404 |
| Operating cash flow | −5,608 | −27,037 | −35,768 | −32,404 | −29,920 |
| Free cash flow | −5,662 | −27,174 | −36,811 | −32,586 | −30,161 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth YoY | — | 27.0 | 47.7 | 36.6 | 20.3 |
| Profit growth YoY | — | 24.2 | 28.4 | 24.4 | 22.6 |
| Profitability | |||||
| EBITDA margin % | 72.5 | 74.2 | 74.3 | 71.7 | 69.8 |
| Net margin % | 21.2 | 20.5 | 17.8 | 16.3 | 16.6 |
| Return on equity % | 18.3 | 20.5 | 20.2 | 19.7 | 19.3 |
| Return on capital % | — | — | — | — | — |
| Leverage & cash | |||||
| Debt to equity | — | — | — | — | — |
| Cash flow ÷ profit | -2.61 | -10.14 | -10.45 | -7.61 | -5.73 |
| Current ratio | — | — | — | — | — |