CHOLAFIN

Cholamandalam Investment and Finance Company Limited

Murugappa group's retail NBFC — vehicle finance, MSME and consumer loans through branches

Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)

cholamandalam.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1574.40
Market cap
1,34,202 Cr
Stock P/E
23.3
P/B
4.41
Dividend yield
0.1%
ROE (FY26)
17.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Chola (Cholamandalam Investment and Finance) is a Non Banking Financial Company (NBFC) that lends to vehicle owners, small businesses and consumers across India, mainly through its branch network.

Company snapshot

4thBy market cap

Ranked among 58 companies in Non Banking Financial Company (NBFC).

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 55.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Home Loans
9.6%
1,802 Cr498 Cr—
Loan against property
17.4%
3,266 Cr954 Cr—
Others
15.5%
2,911 Cr454 Cr—
Unallocated
3.5%
649 Cr206 Cr—
Vehicle Finance
55.1%
10,306 Cr1,919 Cr—

Shares add up to 101% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 16.8% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income2,019 Cr2,175 Cr2,358 Cr2,579 Cr2,718 Cr2,892 Cr3,059 Cr3,188 Cr3,384 Cr3,587 Cr3,860 Cr4,041 Cr
Other income73 Cr47 Cr72 Cr44 Cr67 Cr104 Cr91 Cr86 Cr122 Cr110 Cr147 Cr100 Cr
Net operating income2,091 Cr2,222 Cr2,430 Cr2,623 Cr2,785 Cr2,996 Cr3,151 Cr3,274 Cr3,506 Cr3,697 Cr4,007 Cr4,141 Cr
Employee cost637 Cr695 Cr775 Cr694 Cr806 Cr893 Cr934 Cr936 Cr1,073 Cr1,094 Cr1,092 Cr1,149 Cr
Other expenses350 Cr358 Cr455 Cr451 Cr467 Cr481 Cr451 Cr468 Cr490 Cr550 Cr658 Cr581 Cr
Provisions & contingencies————————————
Depreciation39 Cr46 Cr75 Cr59 Cr63 Cr59 Cr64 Cr67 Cr71 Cr74 Cr72 Cr75 Cr
Profit before tax1,062 Cr1,156 Cr1,444 Cr1,275 Cr1,305 Cr1,466 Cr1,699 Cr1,532 Cr1,566 Cr1,736 Cr2,143 Cr2,224 Cr
Tax %27.2%24.6%26.2%25.7%25.8%25.8%25.8%25.7%25.9%25.7%23.2%25.5%
Net profit773 Cr872 Cr1,065 Cr947 Cr968 Cr1,088 Cr1,260 Cr1,138 Cr1,160 Cr1,290 Cr1,645 Cr1,656 Cr
EPS (₹)₹9.40₹10.40₹12.68₹11.27₹11.52₹12.95₹14.98₹13.53₹13.78₹15.29₹19.33₹19.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———3,533 Cr4,649 Cr5,270 Cr6,335 Cr8,396 Cr11,253 Cr14,019 CrSign in free for the trailing twelve months
Other income3 Cr0.62 Cr21 Cr0.62 Cr4 Cr91 Cr221 Cr280 Cr307 Cr466 CrSign in free for the trailing twelve months
Net operating income3 Cr0.62 Cr21 Cr3,534 Cr4,654 Cr5,361 Cr6,556 Cr8,677 Cr11,560 Cr14,485 CrSign in free for the trailing twelve months
Employee cost414 Cr542 Cr605 Cr700 Cr792 Cr957 Cr1,360 Cr2,479 Cr3,328 Cr4,195 CrSign in free for the trailing twelve months
Other expenses411 Cr1,120 Cr1,027 Cr824 Cr744 Cr1,088 Cr1,412 Cr1,590 Cr1,850 Cr2,166 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation39 Cr51 Cr57 Cr111 Cr102 Cr101 Cr121 Cr198 Cr245 Cr284 CrSign in free for the trailing twelve months
Profit before tax1,107 Cr1,484 Cr1,831 Cr1,588 Cr2,047 Cr2,902 Cr3,603 Cr4,615 Cr5,744 Cr6,977 CrSign in free for the trailing twelve months
Tax %35.2%34.4%34.7%33.6%25.7%25.8%26.0%25.9%25.8%25.0%Sign in free for the trailing twelve months
Net profit718 Cr975 Cr1,197 Cr1,054 Cr1,521 Cr2,154 Cr2,665 Cr3,420 Cr4,263 Cr5,233 CrSign in free for the trailing twelve months
EPS (₹)₹46.05₹62.41₹76.56₹13.39₹18.55₹26.24₹32.44₹41.17₹50.72₹61.98Sign in free for the trailing twelve months
Dividend payout %————7.0%7.6%6.2%4.9%3.9%3.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital156 Cr156 Cr156 Cr164 Cr164 Cr164 Cr164 Cr168 Cr168 Cr170 Cr
Reserves4,141 Cr5,008 Cr6,052 Cr8,036 Cr9,436 Cr11,605 Cr14,182 Cr19,425 Cr23,500 Cr30,288 Cr
Borrowings18,335 Cr24,228 Cr50,567 Cr55,005 Cr63,730 Cr69,174 Cr97,358 Cr1,34,475 Cr1,75,036 Cr2,12,100 Cr
Other liabilities7,963 Cr10,176 Cr715 Cr844 Cr1,314 Cr1,536 Cr1,923 Cr2,618 Cr3,182 Cr2,890 Cr
Total liabilities30,598 Cr39,568 Cr57,490 Cr64,049 Cr74,644 Cr82,479 Cr1,13,627 Cr1,56,686 Cr2,01,887 Cr2,45,448 Cr
Fixed assets (net)120 Cr141 Cr145 Cr262 Cr208 Cr242 Cr375 Cr1,539 Cr1,754 Cr1,839 Cr
CWIP——0 Cr0 Cr0 Cr23 Cr36 Cr0 Cr4 Cr28 Cr
Investments182 Cr257 Cr42 Cr33 Cr1,584 Cr2,055 Cr3,585 Cr4,073 Cr6,368 Cr6,646 Cr
Loans & advances——0 Cr55,396 Cr65,839 Cr74,145 Cr1,04,810 Cr1,44,463 Cr1,82,038 Cr2,17,744 Cr
Trade receivables22 Cr31 Cr0 Cr15 Cr57 Cr71 Cr99 Cr214 Cr204 Cr327 Cr
Cash & bank494 Cr448 Cr3,164 Cr3,495 Cr1,593 Cr2,699 Cr912 Cr846 Cr5,280 Cr8,315 Cr
Other assets29,781 Cr38,691 Cr54,139 Cr4,848 Cr5,363 Cr3,243 Cr3,811 Cr5,552 Cr6,240 Cr10,550 Cr
Total assets30,598 Cr39,568 Cr57,490 Cr64,049 Cr74,644 Cr82,479 Cr1,13,627 Cr1,56,686 Cr2,01,887 Cr2,45,448 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-1,468 Cr-7,592 Cr-9,317 Cr-2,075 Cr-8,842 Cr-5,571 Cr-27,105 Cr-35,683 Cr-32,413 Cr-30,021 Cr
Cash from investing-222 Cr-123 Cr-11 Cr-54 Cr-1,572 Cr1,640 Cr-2,148 Cr-2,855 Cr-2,948 Cr-2,554 Cr
Cash from financing1,692 Cr7,694 Cr12,191 Cr2,452 Cr8,516 Cr5,150 Cr27,466 Cr38,471 Cr39,795 Cr35,610 Cr
Net cash flow2 Cr-21 Cr2,862 Cr323 Cr-1,898 Cr1,218 Cr-1,787 Cr-66 Cr4,434 Cr3,035 Cr
Free cash flow (OCF − Capex)-1,526 Cr-7,665 Cr-9,394 Cr-2,146 Cr-8,876 Cr-5,644 Cr-27,282 Cr-36,759 Cr-32,613 Cr-30,286 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %16.7%18.9%19.2%12.9%15.8%18.3%18.6%17.5%18.0%17.2%
Debt / equity4.274.698.146.716.645.886.796.867.406.96