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Cholamandalam Investment & Finance Company Q2 FY27 Share Price & Earnings Call Analysis

₹1,604.20+3.82% today
Market cap
₹1.37L Cr
P/E
23.82
ROE
19.35%
PEG
0.96
Price to sales
4.19
Debt to equity
6.93
52W high / low
₹1,940 / ₹1,355
Sales growth (5Y)
26.56%
EBITDA margin
68.58%
Net profit margin
16.83%
Promoter holding
49.23%
Sales (last year)
₹32,663 Cr

Cholamandalam Investment & Finance Company is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.[1]

Guidance scorecard · Q2 FY27 call

What Cholaman.Inv.&Fn's management guided
and where it ranks in Finance

#15of 59 in
Finance
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

20–40%
  • The company targets around 22-23% growth in disbursements and AUM for FY27, which they consider doable and are already on track to achieve.
  • Vehicle finance, used vehicle, and other product segments are expected to experience over 20% growth in disbursements year-on-year.
  • Gold loan AUM is projected to grow from over INR2,000 crores to INR5,000 crores within the financial year, supported by opening 360 new branches.
  • Branch expansion includes converting 125 resident locations into permanent branches for vehicle finance and opening over 100 branches yearly in affordable housing and loan against property.
  • New gold loan branches are expected to become profitable by next year-end with per branch AUM growing from INR12 to 15 crores.

2 more points from Cholaman.Inv.&Fn's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Cholaman.Inv.&Fn said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company is actively expanding its branch network, particularly for vehicle finance, gold loans, affordable housing, and loan against property segments.
  • Over 600+ resident locations currently exist for vehicle finance, with plans to convert around 125 resident locations into full-fledged branches by the end of the year.
  • For affordable housing and loan against property, a similar trend of opening 100+ new branches annually is underway.
  • Gold loan business is unique with stand-alone branches; the company is opening 360 more gold loan branches this year.

2 more points from Cholaman.Inv.&Fn's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Cholaman.Inv.&Fn said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • The discussion primarily revolves around branch expansion, product strategies, asset quality, disbursement growth, credit cost, liability strategy, and gold loan business.
  • Focus is on disbursement growth (22% in Q1), vehicle finance, gold loans, housing loans, and loan against property.
  • Branch expansion: 125 resident locations converting to branches in vehicle finance; 360 new gold loan branches opening.
  • If you want, please specify if you are referring to particular segments or products.
Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Cholaman.Inv.&Fn rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

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Cholaman.Inv.&Fn announcements

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Financials of Cholaman.Inv.&Fn

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Cholaman.Inv.&Fn

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +50.37%50.35%50.33%50.24%49.93%49.92%49.90%49.88%49.72%49.25%49.23%48.93%
FIIs +24.73%26.00%26.63%27.17%27.43%28.23%27.96%26.85%26.56%24.87%24.46%24.87%
DIIs +18.39%17.05%16.86%16.58%16.10%15.49%16.05%17.27%17.54%19.91%20.62%20.38%
Public +6.51%6.61%6.19%6.02%6.56%6.36%6.07%6.00%6.16%5.95%5.70%5.82%
No. of Shareholders1,40,6361,55,0551,43,0971,46,8891,76,2311,78,4711,83,9331,65,0681,70,0501,60,4281,51,2191,70,510

Financials of Cholaman.Inv.&Fn

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +4,6235,0075,4105,8126,2556,7337,0467,2677,4917,8988,4178,8569,271
Interest2,2042,4412,5792,7963,0593,2753,3653,4683,5173,6463,7534,0074,334
Expenses +1,3911,4121,4171,7271,8972,0382,0102,2862,4602,5542,5972,6522,790
Financing Profit1,0281,1551,4141,2891,3001,4201,6711,5121,5141,6982,0672,1972,147
Financing Margin %22%23%26%22%21%21%24%21%20%22%25%25%23%
Other Income +734710545681059287123111148102125
Depreciation39467559635964677174727583
Profit before tax1,0621,1561,4441,2751,3051,4661,6991,5321,5661,7362,1432,2242,188
Tax %27%25%26%26%26%26%26%26%26%26%23%26%26%
Net Profit +7738721,0659479681,0881,2601,1381,1601,2901,6451,6561,630
EPS in Rs9.4010.3912.6811.2711.5212.9414.9813.5313.7815.2819.3119.4319.08
Gross NPA %
Net NPA %

Financials of Cholaman.Inv.&Fn

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +3,7154,2144,6945,5597,1088,7129,58310,14812,88419,16325,89031,12034,442
Interest1,9582,0482,2282,6573,5884,5924,5764,2985,7489,23112,49514,38415,741
Expenses +1,0611,2661,3221,4511,6322,4212,8582,9263,6215,3857,6709,89010,593
Financing Profit6968991,1431,4511,8881,6992,1502,9243,5154,5485,7266,8458,109
Financing Margin %19%21%24%26%27%20%22%29%27%24%22%22%24%
Other Income +023010-084220255261412486
Depreciation3022395157111102101121198245284304
Profit before tax6668791,1071,4011,8321,5882,0482,9083,6154,6055,7416,9738,291
Tax %33%35%35%34%35%34%26%26%26%26%26%25%
Net Profit +4445757189181,1971,0541,5212,1542,6653,4204,2635,2336,222
EPS in Rs6.187.369.2111.7615.3212.8618.5526.2332.4240.7250.6961.4173.10
Dividend Payout %11%12%12%11%8%13%11%8%6%5%4%3%

Financials of Cholaman.Inv.&Fn

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital144156156156156164164164164168168170172
Reserves2,5313,5144,1424,9696,0528,0369,43611,60514,18219,42523,50030,28834,360
Borrowing19,95022,54624,07138,33050,56755,00563,73069,17497,358134,475175,036211,070231,911
Other Liabilities +1,2431,6732,2307117158531,3141,5361,9232,6183,1823,9203,580
Total Liabilities23,86827,88930,59844,16757,49064,05874,64482,478113,627156,686201,887245,448270,022
Fixed Assets +691201501701672832282594031,5631,7801,8692,206
CWIP00041411103760131142193
Investments25161822342331,5832,0553,5624,0366,3676,6468,377
Other Assets +23,77527,75330,26643,97057,26763,73272,82380,127109,602151,075193,729236,892259,246
Total Assets23,86827,88930,59844,16757,49064,05874,64482,478113,627156,686201,887245,448270,022

Financials of Cholaman.Inv.&Fn

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-2,264-2,809-1,468-7,926-9,317-2,075-8,842-5,571-27,105-35,683-32,413-30,021
Cash from Investing Activity +-40-137-222-60-11-54-1,5721,640-2,148-2,855-2,948-2,554
Cash from Financing Activity +1,8193,0311,6928,00912,1912,4528,5165,15027,46638,47139,79535,610
Net Cash Flow-485852222,862323-1,8981,218-1,787-664,4343,035
Free Cash Flow-2,294-2,885-1,525-7,994-9,391-2,145-8,873-5,665-27,293-36,754-32,600-30,263

Financials of Cholaman.Inv.&Fn

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %18%18%18%20%21%15%17%20%20%20%20%19%

Guidance history

How Cholaman.Inv.&Fn's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlannedRising
Q4 FY26 call →20–40%Up 0–2%PlannedPlanned—
Q3 FY26 call →20–40%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

24out of 100

Momentum score · price trend

24 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−10.3%49%
Last 6 months−0.5%54%
Last 3 months−14.3%32%

The price is 20.4% below its all-time high of ₹1,940 (6 Aug 2026). Stocks more than 20% below their peak have their score halved, so 48 became 24.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Cholaman.Inv.&Fn: 0.4 × 49 + 0.4 × 54 + 0.2 × 32 = 48, halved to 24 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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

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