āagman

Not investment advice. Data and computed figures, for information only.

Cholamandalam Financial Holdings Ltd

NSE: CHOLAHLDNG
₹1,377.60
−₹7.40 (−0.53%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹26,296 Cr
CMP
₹1,377.60
52-wk High / Low
₹2,064 / 1,305
P/E
9.9
P/B
1.7
Book Value
₹823.0
Div Yield
0.09%
ROCE
9.8%
ROE
17.0%
Face Value
₹1
D/E
13.61

Price−25.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹1,552
√(22.5 × EPS × book value per share)
Cash flow to profit
−5.48
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
16.8%
ROE × earnings retention ratio
ROE stability
1.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.06FII −0.81DII +0.80
Latest quarter vs the previous one
Cash-accrual divergence
14.4%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 1.0pp over the last year
+PE of 9.8x is below the sector median of 20.4x
Watch-outs
−Borrowings are up 14501.0% since FY2016 (1441 to 210400)
−Price trades below its 200-day moving average (0.9x)
−Price is 33.3% below its 52-week high
−Promoter holding fell by 2.0pp over the last year
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 14.4% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5,6266,3176,7957,0667,6338,0908,4898,9139,2969,4619,94910,36611,114
Expenses2,5882,8982,9782,9323,2533,5373,7723,7094,1424,3594,4874,5414,721
Operating Profit—————————————
OPM %—————————————
Other Income89554811045911069888130137156103
Interest2,0132,2092,4452,5822,7963,0583,2803,3613,4683,5183,6483,7554,007
Depreciation52525588707472797983878487
Profit before tax1,0621,2131,3631,5741,5591,5131,4711,8621,6961,6321,8632,1422,400
Net Profit7928881,0271,1441,1601,1251,0931,3621,2601,2141,3861,6261,789
EPS (₹)19.7822.4124.8827.3229.2027.9925.8932.6830.8129.2933.3236.5942.92

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,6968,0042,6888,90910,92613,13513,90014,64418,15425,83033,19639,15640,890
Expenses6,5427,0292,3774,4905,1476,5886,8077,2108,59711,38914,26917,52318,109
Operating Profit—————————————
OPM %—————————————
Other Income1231,538102116092221256262414525
Interest2,10397602,6553,5874,5924,6084,3285,7789,24912,49414,38814,928
Depreciation171163177078150145154176248296333341
Profit before tax1,0031,3742951,6952,1351,8062,4003,0443,8245,2006,4007,3268,037
Net Profit6841,1815381,1271,4151,1651,7642,2392,8103,8514,7405,4856,015
EPS (₹)22.6855.4724.2629.3237.1229.3443.9354.4968.7194.39115.76130.01142.12

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital373719191919191919191919—
Reserves2,2903,2872,7453,2913,9254,5725,3676,4277,64210,22312,49615,435—
Other Liabilities6,5794,9005,12911,89713,54616,14719,43222,09726,18132,66237,73242,476—
Total Liabilities30,3389,6657,89253,40767,93775,85588,61697,7711,31,0331,76,9172,24,6142,68,331—
Fixed Assets1,5211,3361023113064794474646231,7842,0292,209—
CWIP4056041411104060355497—
Investments2,6655,1416,5366,2117,5528,89311,67813,28217,53620,05824,27124,968—
Other Assets26,1123,1311,25446,88160,06566,47276,48183,9841,12,8131,55,0411,98,2602,41,056—
Total Assets30,3389,6657,89253,40767,93775,85588,61697,7711,31,0331,76,9172,24,6142,68,331—
Borrowing21,4311,441038,20050,44755,11763,79769,22997,1911,34,0141,74,3662,10,400—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−1,872−1,685−500594−6,302−9,274−1,914−9,719−5,738−29,329−35,726−34,201−30,033
Cash from Investing Activity−499−461193−1,263−1,825−94−96−62−135295−2,625−1,038−2,528
Cash from Financing Activity2,6431,704748−698,28712,1712,4277,6887,07327,28838,26939,65235,650
Net Cash Flow272−443441−7381602,803417−2,0931,199−1,746−824,4133,089

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %————————————9.8
ROE %17.019.021.015.018.019.013.017.017.018.020.019.017.0
EPS (₹)16.6622.6855.4724.2629.3237.1229.3443.9354.4968.7194.39115.76130.01
Book Value (₹)————————————823.0
Face Value (₹)————————————1
P/E————————————9.9
Div Yield %————————————0.09
NPM %—7.012.420.012.712.98.912.615.215.314.814.213.9
OPM %—————————————
D/E—9.210.430.0011.5412.7912.0111.8410.7412.6913.0813.9313.61
P/B————————————1.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+17.0%
5 years+23.0%
3 years+29.0%
TTM+18.0%
Compounded profit growth
10 years+15.0%
5 years+24.0%
3 years+24.0%
TTM+21.0%
Stock price CAGR
10 years+13.0%
5 years+13.0%
3 years+7.0%
Last year−24.0%
Return on equity
10 years18.0%
5 years18.0%
3 years19.0%
Last year17.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters49.90%49.90%49.92%49.52%48.80%48.80%48.62%48.39%47.37%46.45%46.38%46.44%
FIIs13.24%13.24%11.99%10.58%10.30%10.78%11.66%11.99%13.78%17.68%13.81%13.00%
DIIs14.70%14.70%17.11%19.26%25.69%27.01%25.64%26.56%25.24%21.80%26.09%26.89%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.46%0.46%0.46%0.46%0.46%
Public21.78%21.78%20.59%20.26%15.22%13.42%14.09%12.59%13.15%13.62%13.26%13.21%
No. of shareholders22,94122,94122,49920,65120,16820,69721,27921,67832,53246,38047,75244,121
Change since Jun 2023 (pp)
Promoters −3.46FIIs −0.24DIIs +12.19Public −8.57

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for Un-Audited Financial Results For The Quarter And Half-Year Ended September 30, 2026.Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Earnings Call TranscriptShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 7 Aug 2026
7 Aug 2026DIVIDENDDividend - Rs 1.30 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 1.30 Per Share—
2 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Re 0.55 Per Share—
3 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 0.55 Per Share—
2 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 0.55 Per Share—
27 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.55 Per Share—
5 Mar 2020DIVIDEND Interim Dividend - Re 0.65 Per Sh—
24 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Re 0.65 Per Share—
14 Feb 2019DIVIDEND Interim Dividend - Re 0.60 Per Share—
23 Jul 2018DIVIDEND Annual General Meeting / Dividend- Re 0.65 Per Share—
15 Feb 2018DIVIDEND Interim Dividend Re 0.60 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman