Chola Invest & Fin.

₹1268.8 46.8 | 3.8%

WEBSITE BSE:511243 NSE : CHOLAFIN 10 May, 16:01

Market Cap ₹106584 Cr.

Stock P/E 30.9

P/B 5.4

Current Price ₹1268.8

Book Value ₹ 233.2

Face Value 2

52W High ₹1352.9

Dividend Yield 0.16%

52W Low ₹ 985.1

Edit Ratio

Chola Invest & Fin. Research see more...

Cholamandalam Investment & Finance Company Ltd

Overview Inc. Year: 1978Industry: Finance - NBFC

Cholamandalam Investment and Finance Company Limited is an India-based non-banking finance organisation. The Company's monetary services consist of vehicle finance, home loans, mortgage against belongings, small and medium establishments (SME) loans, insurance company, mutual fund distribution, and various different financial offerings. The Company operates about 1,137 branches throughout India. The Company's product portfolio includes commercial automobile loans, car & multi utility automobile (MUV) loans, two-wheeler loans, 3-wheeler loans, construction system loans, tractor loans, loan against assets (LAP) and domestic loans. Its subsidiaries consist of Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL).

Chola Invest & Fin. Share Price

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Peer Comparison

Chola Invest & Fin. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	2557	2605	2770	3017	3356	3741	4082	4623	5007	5428
Other Income	17	52	26	50	52	93	89	73	47	72
Total Income	2575	2657	2796	3067	3408	3835	4171	4695	5055	5499
Total Expenditure	795	625	874	937	909	902	1170	1387	1411	1417
Operating Profit	1780	2031	1922	2130	2499	2932	3001	3308	3643	4083
Interest Expense	1046	1071	1130	1340	1543	1734	2006	2204	2441	2579
Depreciation	24	28	28	28	30	36	39	39	46	75
Profit Before Tax	710	932	764	762	926	1163	956	1065	1157	1428
Provision for Tax	182	241	197	196	238	307	242	289	284	379
Profit After Tax	528	692	567	566	688	855	713	776	872	1049
Adjustments	-0	-5	-5	-3	-3	0	-3	-3	-0	16
Profit After Adjustments	528	687	562	563	685	855	710	773	872	1065
Adjusted Earnings Per Share	6.4	8.4	6.8	6.8	8.3	10.4	8.6	9.4	10.4	12.7

Chola Invest & Fin. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	2570	3279	3715	4214	4693	5559	7088	8712	9579	10141	12884	19140
Other Income	36	118	186	135	234	3	24	2	61	92	222	281
Total Income	2606	3397	3900	4349	4928	5562	7111	8714	9640	10233	13106	19420
Total Expenditure	723	1049	1246	1400	1553	1453	1635	2423	2914	2927	3622	5385
Operating Profit	1884	2348	2654	2949	3374	4108	5477	6291	6726	7306	9484	14035
Interest Expense	1410	1769	1958	2048	2228	2657	3588	4592	4576	4298	5748	9230
Depreciation	22	25	30	22	39	51	57	111	102	101	121	199
Profit Before Tax	452	554	666	879	1107	1401	1832	1588	2048	2908	3615	4606
Provision for Tax	144	186	222	305	390	483	635	534	527	749	938	1194
Profit After Tax	308	368	444	575	718	918	1197	1054	1521	2159	2677	3410
Adjustments	0	0	0	0	2	2	1	-0	-1	-5	-12	10
Profit After Adjustments	308	368	444	575	719	919	1198	1054	1521	2154	2665	3420
Adjusted Earnings Per Share	4.3	5.1	6.1	7.3	9.2	11.8	15.3	12.9	18.5	26.2	32.4	41.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	14%	18%	17%
Operating Profit CAGR	30%	15%	18%	18%
PAT CAGR	24%	36%	24%	24%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	28%	32%	37%	36%
ROE Average	21%	19%	19%	18%
ROCE Average	10%	10%	10%	11%

Chola Invest & Fin. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1953	2287	3174	3670	4298	5125	6209	8200	9600	11769	14346
Minority's Interest	0	0	0	4	2	0	0	0	0	0	0
Borrowings	8299	9833	12425	10931	15105	35069	45707	51967	59258	65253	90635
Current Liability	7841	9090	7906	12710	10411	3966	5566	3882	5778	5450	8641
Other Liabilities & Provisions	68	205	179	292	467	-359	-452	-518	-760	-668	-607
Total Liabilities	18160	21414	23683	27607	30283	43801	57030	63531	73875	81804	113015
Loans	11474	13351	15468	18188	19935	42244	52611	55396	65839	74145	104810
Investments	29	22	16	12	134	23	42	33	1583	2055	3562
Fixed Assets	73	74	69	120	150	170	167	283	227	258	403
Other Loans	59	70	69	73	123	198	186	210	212	292	354
Other Non Current Assets	458	612	605	449	530	4	18	15	37	71	103
Current Assets	6067	7285	7456	8765	9409	1161	4006	7594	5976	4983	3762
Total Assets	18160	21414	23683	27607	30283	43801	57030	63531	73875	81804	113015

Chola Invest & Fin. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	139	456	676	191	275	278	300	3162	3368	1480	2699
Cash Flow from Operating Activities	-3754	-2447	-2264	-2809	-1468	-7926	-9317	-2075	-8848	-5571	-27105
Cash Flow from Investing Activities	5	-83	-40	-140	-222	-60	-11	-54	-1746	1640	-2148
Cash Flow from Financing Activities	4067	2749	1819	3031	1692	8009	12191	2452	8707	5150	27466
Net Cash Inflow / Outflow	317	219	-485	82	2	22	2862	323	-1888	1218	-1787
Closing Cash & Cash Equivalent	456	676	191	275	278	300	3162	3485	1480	2699	912

Chola Invest & Fin. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.3	5.14	6.14	7.33	9.21	11.76	15.32	12.86	18.55	26.23	32.42
CEPS(Rs)	4.6	5.49	6.6	7.64	9.69	12.39	16.04	14.22	19.8	27.52	34.03
DPS(Rs)	0.7	0.7	0.7	0.9	1.1	1.3	1.3	1.7	2	2	2
Book NAV/Share(Rs)	27.29	31.94	37.22	47	55	65.44	79.18	99.68	116.65	142.67	173.5
Net Profit Margin	11.98	11.23	11.96	13.64	15.3	16.51	16.89	12.1	15.88	21.29	20.77
Operating Margin	72.45	70.86	70.64	69.47	71.06	72.99	76.47	70.94	69.14	71.05	72.67
PBT Margin	17.59	16.91	17.93	20.87	23.6	25.2	25.84	18.23	21.38	28.67	28.05
ROA(%)	1.95	1.86	1.97	2.24	2.48	2.48	2.37	1.75	2.21	2.77	2.75
ROE(%)	18.35	17.38	17.91	18.12	18.02	19.5	21.18	14.68	17.16	20.29	20.61
ROCE(%)	12.39	12.37	12.21	11.99	12.22	11.3	10.81	10.3	9.7	9.34	9.72
Price/Earnings(x)	12.61	11.2	19.13	19.46	20.95	24.65	18.89	11.9	30.13	27.39	23.49
Price/Book(x)	1.99	1.8	3.16	3.04	3.51	4.43	3.66	1.53	4.79	5.03	4.39
Dividend Yield(%)	1.29	1.21	0.6	0.63	0.57	0.45	0.45	1.11	0.36	0.28	0.26
EV/Net Sales(x)	7.29	6.52	7.55	7.87	8.23	10.8	9.8	6.95	10.89	12.21	12.18
EV/Core EBITDA(x)	9.95	9.11	10.56	11.25	11.45	14.61	12.69	9.62	15.5	16.95	16.55
Interest Earned Growth(%)	44.45	27.59	13.28	13.43	11.38	18.43	27.51	22.92	9.96	5.86	27.05
Net Profit Growth	82.21	19.61	20.6	29.39	24.93	27.83	30.43	-11.93	44.33	41.9	23.98
EPS Growth(%)	68.77	19.54	19.42	19.39	25.55	27.74	30.3	-16.1	44.25	41.42	23.59
Interest Coverage(x) %	1.32	1.31	1.34	1.43	1.5	1.53	1.51	1.35	1.45	1.68	1.63

Chola Invest & Fin. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.55	51.55	51.52	51.5	51.49	51.47	51.46	51.43	50.37	50.35
FII	17.65	17.61	17.96	18.68	19.37	19.62	20.91	21.5	24.72	25.99
DII	22.79	23.01	22.41	21.92	21.25	21.47	20.38	20.04	18.39	17.04
Public	8	7.84	8.11	7.89	7.89	7.43	7.26	7.03	6.52	6.61
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	42.32	42.32	42.32	42.32	42.31	42.31	42.31	42.3	42.3	42.3
FII	14.49	14.46	14.75	15.35	15.92	16.13	17.19	17.68	20.76	21.83
DII	18.71	18.89	18.41	18.01	17.46	17.65	16.76	16.49	15.44	14.31
Public	6.57	6.44	6.66	6.48	6.48	6.11	5.97	5.78	5.47	5.55
Others	0	0	0	0	0	0	0	0	0	0
Total	82.1	82.11	82.15	82.16	82.18	82.2	82.22	82.25	83.97	84

Pros

Company has delivered good profit growth of 23% CAGR over last 5 years

Cons

Stock is trading at 5.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.