NSE: CHOLAFIN · BSE: 511243 · ISIN INE121A01024
Cholamandalam Investment and Finance Company Limited stock analysis
Cholamandalam Investment and Finance Company Limited ranks #1165 in the TickerSutra evidence-ranked universe with a score of 56/100 and 95% data confidence. The latest captured fundamentals show ROCE of 9.7%, quarterly sales growth of 21.9% and quarterly profit growth of 45.6%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 34.2% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹10,148cr | ₹2,924cr | ₹2,154cr | 29.0% |
| 2023 | ₹12,884cr | ₹3,515cr | ₹2,665cr | 27.0% |
| 2024 | ₹19,163cr | ₹4,548cr | ₹3,420cr | 24.0% |
| 2025 | ₹25,890cr | ₹5,726cr | ₹4,263cr | 22.0% |
| 2026 | ₹31,120cr | ₹6,845cr | ₹5,233cr | 22.0% |
| TTM | ₹32,663cr | ₹7,476cr | ₹5,751cr | 23.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Cholamandalam Investment and Finance Company Limited has informed the Exchange regarding allotment of 54302 securities pursuant to ESOP/ESPS on September 25, 2026
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 23 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
RoutineSuspension of TradingNSE · 22 Sept 2026Members of the Exchange are hereby informed that the trading in Compulsorily Convertible Debentures (CCDs) of Cholamandalam Investment and Finance Company Limited shall be suspended w.e.f. September 23, 2026 (ISIN: INE121A08PJ0) on account of Conversion.
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 20 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
RoutineCholamandalam Investment and Finance Company Ltd - 511243 - Response To Clarification Sought By The ExchangeBSE · 13 Sept 2026Response to clarification sought by the Exchange
MANAGEMENT COMMENTARY
Signals from filed documents
Payments are delayed, shipments rerouted, and working capital cycles have lengthened significantly. Reports indicate that geopolitical tensions may weaken the repayment capacity due to higher input costs and demand slowdown. MSMEs are facing 15–25% increase in operating costs due to fuel, freight, and raw material price spikes linked to the conflict.
In-House Digital Sourcing: Successful launch of “CholaKaart”, an in-house digital Loan Origination System (LOS) platform that provides a streamlined, internally owned sourcing engine. Brand & Ecosystem Expansion: Registered strong growth by adding leading global and national brands to significantly strengthen the product and dealer ecosystem, with further network expansion planned for FY 2026-27. Intelligent Process
Payments are delayed, shipments rerouted, and working capital cycles have lengthened significantly. Reports indicate that geopolitical tensions may weaken the repayment capacity due to higher input costs and demand slowdown. MSMEs are facing 15–25% increase in operating costs due to fuel, freight, and raw material price spikes linked to the conflict.
Beneficiaries intend to continue recommended nutrition and postnatal practices. ASHA linkages and multi-centre infrastructure provide a strong base for scalable geographic expansion. Growing repeat visits, peer referrals, and voluntary walk-ins indicate deepening community trust.
This, combined with inflationary pressures on household budgets, has started to moderate discretionary spending, particularly in price- sensitive segments. Consequently, while the long-term growth trajectory of CD finance remains intact, the near-term environment is likely to see: • Softening in volume growth, especially in mass and entry- level categories • Increased reliance on financing to sustain demand, partly o
This, combined with inflationary pressures on household budgets, has started to moderate discretionary spending, particularly in price- sensitive segments. Consequently, while the long-term growth trajectory of CD finance remains intact, the near-term environment is likely to see: • Softening in volume growth, especially in mass and entry- level categories • Increased reliance on financing to sustain demand, partly o
Credit costs declined by 24 bps year-on-year, aided by healthy collections and continued stability in portfolio performance. Continued improvement in margins and asset quality dr ove stronger profitability with ROA increasing to 3.7% in Q1 FY27 from 3.1% a year earlier, while ROE stood at 21.2%, reflecting the company's disciplined growth strategy and efficient capital deployment. Company continues to maintain a stro
Arul Selvan: Annual report is not a full-fledged ALM. It's a column which is determined by the regulator, that's what is given there. What you are seeing in the investor presentation is the right one because there is a defined way of presenting where you will see some differences between that and the statement out here.
The outstanding borrowings of the Company as at 31 March, 2026 were ₹ 2,10,867 crores. The present borrowing limits approved by the members may not be sufficient to meet the Company’s future fund requirements. In view of the proposed business plan and growth initiatives, the Board at its meeting held on 30 April 2026, considered it necessary to enhance the overall borrowing limits of the Company.
The Treasury function creates value by mobilising resources to support business growth and operations while managing cost, risk and compliance. Diversified Sourcing: Maintains relationships with a wide spectrum of banks, financial institutions and institutional investors to ensure a diversified funding base. Structural Segregation: Maintains appropriate checks and balances, reporting transparency, and independent val
If it is MCLR linked, then it becomes a little. We don't know where it will ultimately land because if there is a price increase which means the repo rate goes up, then they hike the MCLR, it can be a problem. So, to that extent, we have more visibility...
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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