Chola Invest & Fin.

₹1411 46.3 | 3.4%

WEBSITE BSE:511243 NSE : CHOLAFIN 26 Jul, 16:01

Market Cap ₹118558 Cr.

Stock P/E 32.3

P/B 6.1

Current Price ₹1411

Book Value ₹ 231.5

Face Value 2

52W High ₹1476

Dividend Yield 0.14%

52W Low ₹ 997.4

Edit Ratio

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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.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Operating Revenue	2605	2770	3017	3356	3741	4100	4623	5007	5428	5812
Other Income	52	26	50	52	93	71	73	47	72	44
Total Income	2657	2796	3067	3408	3835	4171	4695	5055	5499	5857
Total Expenditure	625	874	937	909	902	1170	1387	1411	1417	1727
Operating Profit	2031	1922	2130	2499	2932	3001	3308	3643	4083	4130
Interest Expense	1071	1130	1340	1543	1734	2006	2204	2441	2579	2796
Depreciation	28	28	28	30	36	39	39	46	75	59
Profit Before Tax	932	764	762	926	1163	956	1065	1157	1428	1275
Provision for Tax	241	197	196	238	307	242	289	284	379	328
Profit After Tax	692	567	566	688	855	713	776	872	1049	947
Adjustments	-5	-5	-3	-3	0	-3	-3	-0	16	1
Profit After Adjustments	687	562	563	685	855	710	773	872	1065	947
Adjusted Earnings Per Share	8.4	6.8	6.8	8.3	10.4	8.6	9.4	10.4	12.7	11.3

Chola Invest & Fin. Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	3279	3715	4214	4693	5559	7088	8712	9579	10141	12884	19140	20870
Other Income	118	186	135	234	3	24	2	61	92	222	282	236
Total Income	3397	3900	4349	4928	5562	7111	8714	9640	10233	13106	19422	21106
Total Expenditure	1049	1246	1400	1553	1453	1635	2423	2914	2927	3622	5388	5942
Operating Profit	2348	2654	2949	3374	4108	5477	6291	6726	7306	9484	14034	15164
Interest Expense	1769	1958	2048	2228	2657	3588	4592	4576	4298	5748	9231	10020
Depreciation	25	30	22	39	51	57	111	102	101	121	198	219
Profit Before Tax	554	666	879	1107	1401	1832	1588	2048	2908	3615	4605	4925
Provision for Tax	186	222	305	390	483	635	534	527	749	938	1195	1280
Profit After Tax	368	444	575	718	918	1197	1054	1521	2159	2677	3411	3644
Adjustments	0	0	0	2	2	1	-0	-1	-5	-12	9	14
Profit After Adjustments	368	444	575	719	919	1198	1054	1521	2154	2665	3420	3657
Adjusted Earnings Per Share	5.1	6.1	7.3	9.2	11.8	15.3	12.9	18.5	26.2	32.4	40.7	43.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	49%	26%	22%	19%
Operating Profit CAGR	48%	28%	21%	20%
PAT CAGR	27%	31%	23%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	42%	42%	33%
ROE Average	20%	20%	19%	19%
ROCE Average	10%	10%	10%	11%

Chola Invest & Fin. Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2287	3174	3670	4298	5125	6209	8200	9600	11769	14346	19593
Minority's Interest	0	0	4	2	0	0	0	0	0	0	0
Borrowings	9833	12425	10931	15105	35069	45707	51967	59258	65253	90635	127440
Current Liability	9090	7906	12710	10411	3966	5566	3882	5778	5450	8641	9651
Other Liabilities & Provisions	205	179	292	467	-359	-452	-518	-760	-668	-607	-653
Total Liabilities	21414	23683	27607	30283	43801	57030	63531	73875	81804	113015	156031
Loans	13351	15468	18188	19935	42244	52611	55396	65839	74145	104810	144463
Investments	22	16	12	134	23	42	33	1583	2055	3562	4036
Fixed Assets	74	69	120	150	170	167	283	227	258	403	1563
Other Loans	70	69	73	123	198	186	210	212	292	354	567
Other Non Current Assets	612	605	449	530	4	18	15	37	71	61	13
Current Assets	7285	7456	8765	9409	1161	4006	7594	5976	4983	3804	5352
Total Assets	21414	23683	27607	30283	43801	57030	63531	73875	81804	113015	156031

Chola Invest & Fin. Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	456	676	191	275	278	300	3162	3368	1480	2699	912
Cash Flow from Operating Activities	-2447	-2264	-2809	-1468	-7926	-9317	-2075	-8848	-5571	-27105	-35683
Cash Flow from Investing Activities	-83	-40	-140	-222	-60	-11	-54	-1746	1640	-2148	-2855
Cash Flow from Financing Activities	2749	1819	3031	1692	8009	12191	2452	8707	5150	27466	38471
Net Cash Inflow / Outflow	219	-485	82	2	22	2862	323	-1888	1218	-1787	-66
Closing Cash & Cash Equivalent	676	191	275	278	300	3162	3485	1480	2699	912	846

Chola Invest & Fin. Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	5.14	6.14	7.33	9.21	11.76	15.32	12.86	18.55	26.23	32.42	40.72
CEPS(Rs)	5.49	6.6	7.64	9.69	12.39	16.04	14.22	19.8	27.52	34.03	42.96
DPS(Rs)	0.7	0.7	0.9	1.1	1.3	1.3	1.7	2	2	2	2
Book NAV/Share(Rs)	31.94	37.22	47	55	65.44	79.18	99.68	116.65	142.67	173.5	231.59
Net Profit Margin	11.23	11.96	13.64	15.3	16.51	16.89	12.1	15.88	21.29	20.78	17.82
Operating Margin	70.86	70.64	69.47	71.06	72.99	76.47	70.94	69.14	71.05	72.67	72.29
PBT Margin	16.91	17.93	20.87	23.6	25.2	25.84	18.23	21.38	28.67	28.05	24.06
ROA(%)	1.86	1.97	2.24	2.48	2.48	2.37	1.75	2.21	2.77	2.75	2.54
ROE(%)	17.38	17.91	18.12	18.02	19.5	21.18	14.68	17.16	20.29	20.61	20.23
ROCE(%)	12.37	12.21	11.99	12.22	11.3	10.81	10.3	9.7	9.34	9.72	10.41
Price/Earnings(x)	11.2	19.13	19.46	20.95	24.65	18.89	11.9	30.13	27.39	23.49	28.41
Price/Book(x)	1.8	3.16	3.04	3.51	4.43	3.66	1.53	4.79	5.03	4.39	4.99
Dividend Yield(%)	1.21	0.6	0.63	0.57	0.45	0.45	1.11	0.36	0.28	0.26	0.17
EV/Net Sales(x)	6.52	7.55	7.87	8.23	10.8	9.8	6.95	10.89	12.21	12.18	11.87
EV/Core EBITDA(x)	9.11	10.56	11.25	11.45	14.61	12.69	9.62	15.5	16.95	16.55	16.19
Interest Earned Growth(%)	27.59	13.28	13.43	11.38	18.43	27.51	22.92	9.96	5.86	27.05	48.55
Net Profit Growth	19.61	20.6	29.39	24.93	27.83	30.43	-11.93	44.33	41.9	23.98	27.42
EPS Growth(%)	19.54	19.42	19.39	25.55	27.74	30.3	-16.1	44.25	41.42	23.59	25.6
Interest Coverage(x) %	1.31	1.34	1.43	1.5	1.53	1.51	1.35	1.45	1.68	1.63	1.5

Chola Invest & Fin. Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	51.55	51.52	51.5	51.49	51.47	51.46	51.43	50.37	50.35	50.33
FII	17.61	17.96	18.68	19.37	19.62	20.91	21.5	24.72	25.99	26.62
DII	23.01	22.41	21.92	21.25	21.47	20.38	20.04	18.39	17.04	16.87
Public	7.84	8.11	7.89	7.89	7.43	7.26	7.03	6.52	6.61	6.19
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	42.32	42.32	42.32	42.31	42.31	42.31	42.3	42.3	42.3	42.29
FII	14.46	14.75	15.35	15.92	16.13	17.19	17.68	20.76	21.83	22.36
DII	18.89	18.41	18.01	17.46	17.65	16.76	16.49	15.44	14.31	14.17
Public	6.44	6.66	6.48	6.48	6.11	5.97	5.78	5.47	5.55	5.2
Others	0	0	0	0	0	0	0	0	0	0
Total	82.11	82.15	82.16	82.18	82.2	82.22	82.25	83.97	84	84.02

Pros

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

Cons

Stock is trading at 6.1 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.