Cholamandalam Investment & Finance Company Ltd

Q4 FY26Finance

Cholamandalam Investment & Finance Company Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,863

Market cap₹1.6L Cr

P/E28.1

Updated23 Aug 2026

Read4 min read

The short version

Overall AUM growth is targeted at 20% to 23% for FY '27. The company targets overall Asset Under Management (AUM) growth in the range of 20% to 23% (Page 14).

From Cholamandalam Investment & Finance Company Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Overall AUM growth is targeted at 20% to 23% for FY '27.
Vehicle Finance is expected to grow around 18%.
LAP and Home Loans growth is projected between 25% to 30%.
Newer businesses like CSEL, consumer durables, and gold loans are expected to grow at higher rates but will normalize to overall company growth.
Disbursement growth in Home Loans is expected at 12% to 15%, with steady AUM growth around 25% or higher.
The mortgage portfolio, including SBPL and SME, is expected to grow over 30%.
CSEL segment disbursement growth was 39% in Q4 and is expected to continue strong growth, targeting around 20% portfolio growth by year-end.

2 more points management made on revenue & sales performance

Profitability & Margins

The company targets overall Asset Under Management (AUM) growth in the range of 20% to 23% (Page 14).
Disbursement growth is expected between 12% to 15% for FY '27, with steady AUM growth around 25% or higher (Page 13).
Vehicle Finance is expected to grow ~18%, while Loan Against Property (LAP) and Home Loans are expected to grow 25% to 30% (Page 14).
Newer businesses like CSEL, consumer durables, and gold loans are projected to grow at higher rates (Page 14).
ROA (Return on Assets) improvements are anticipated from 1.6% to 3% or higher going forward (Pages 7 and 19).
CSEL pretax ROA is expected to cross 3% during the current financial year driven by lower loan losses and margin improvements (Page 7).

2 more points management made on profitability & margins

See what Cholamandalam Investment & Finance Company Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The company plans to add branches aggressively, especially for gold loans (around 300 new exclusive branches planned for FY '27).
Vehicle Finance branches will expand by about 100, with other businesses co-locating within these branches.
Home Loan and LAP businesses will see about 100 new branches each.
Significant capital outlay is involved for gold loan branches due to exclusivity and requirement of experienced personnel.
Parallel investments are ongoing in IT and AI-driven capabilities, contributing to higher costs currently.

2 more points management made on capital expenditure plans

Top-ranked in Finance

Ranked on what management guided this quarter

5x potential

1Mufin Green Finance Ltd₹2.6K Cr

Rev 1Mar 1

2Akiko₹454 Cr

Rev 1Mar 1

3₹972 Cr

Rev 1Mar 2

4₹358 Cr

Rev 1Mar 2

5₹1.5L Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company currently maintains a strong liquidity position with INR 21,186 crores in liquid assets, including undrawn sanction lines.
Capital adequacy as of March '26 stands at 19.21%, with Tier 1 capital at 14.73%.
No immediate plan for equity raise is indicated; internal accruals are expected to largely support growth if pre-tax ROTA is around 3.5% and growth remains under 23-25%.
If Tier 1 ratio approaches 13%, the company will evaluate equity-raising options.
Any capital raising decision would consider market conditions, growth opportunities, and be taken in consultation with promoters and leadership.

2 more points management made on fundraising & capital structure

See what Cholamandalam Investment & Finance Company Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages from the Cholamandalam Investment and Finance Company Limited document do not contain information regarding the current or expected order book or pending orders. The content primarily focuses on: - Business segment growth and asset quality. - Credit costs and portfolio performance. - Branch expansion plans across various business segments.

2 more points management made on order book & pipeline

What Cholaman.Inv.&Fn's management said in earlier quarters

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Frequently Asked Questions

What were Cholamandalam Investment & Finance Company Ltd Q4 FY26 results?

Overall AUM growth is targeted at 20% to 23% for FY '27. The company targets overall Asset Under Management (AUM) growth in the range of 20% to 23% (Page 14).

What is Cholamandalam Investment & Finance Company Ltd share price analysis?

Cholamandalam Investment & Finance Company Ltd currently shows a neutral. The stock trades at a P/E of 28.1 with a market cap of ₹161,528 Cr. Investors should review the full earnings analysis for detailed insights.

Is Cholamandalam Investment & Finance Company Ltd planning capital expenditure?

The company plans to add branches aggressively, especially for gold loans (around 300 new exclusive branches planned for FY '27).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.