Cholamandalam Investment & Finance Company Ltd

Cholamandalam Investment & Fin. Co. is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and corporate mortgage loans. The Company through its subsidiaries, is also engaged in the business of broking, distribution of financial products and freight data solutions.

  • Market Cap: 11,614 Cr.
  • Current Price: 141.70
  • 52 weeks High / Low 349.00 / 117.40
  • Book Value: 82.22
  • Stock P/E: 8.92
  • Dividend Yield: 1.20 %
  • ROCE: 10.81 %
  • ROE: 21.04 %
  • Sales Growth (3Yrs): 18.59 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has good consistent profit growth of 26.65% over 5 years
Cons:
Company has low interest coverage ratio.
Promoter holding has decreased by -1.29% over last quarter
Company might be capitalizing the interest cost

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Revenue 1,213 1,296 1,350 1,389 1,456 1,606 1,675 1,826 1,885 2,029 2,197 2,275
Interest 548 633 656 673 713 795 857 951 986 1,087 1,177 1,192
317 330 372 365 299 359 346 397 423 436 471 529
Financing Profit 349 334 322 351 444 451 472 478 476 506 549 553
Financing Margin % 29% 26% 24% 25% 31% 28% 28% 26% 25% 25% 25% 24%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 11 10 12 13 15 13 13 15 15 23 26 31
Profit before tax 338 324 310 338 429 439 460 464 461 483 523 522
Tax % 35% 35% 34% 35% 34% 35% 34% 34% 37% 35% 41% 26%
Net Profit 220 210 204 219 285 285 305 304 292 314 307 389
EPS in Rs 2.81 2.68 2.61 2.81 3.65 0.73 0.78 3.89 3.73 4.02 3.93 4.97
Gross NPA % 4.70% 4.73% 4.50% 3.70% 3.00% 3.10% 2.80% 2.70% 2.30% 2.60% 2.70% 0.00%
Net NPA % 3.20% 3.17% 2.90% 2.30% 1.70% 1.80% 1.60% 1.50% 1.10% 1.40% 1.60% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 891 1,115 930 1,188 1,766 2,554 3,262 3,690 4,192 4,660 5,479 6,992 8,386
Interest 378 594 504 568 988 1,411 1,771 1,960 2,051 2,231 2,659 3,589 4,443
408 483 420 512 498 674 918 1,044 1,250 1,286 1,369 1,525 1,858
Financing Profit 105 38 5 107 281 470 573 686 891 1,143 1,451 1,878 2,085
Financing Margin % 12% 3% 1% 9% 16% 18% 18% 19% 21% 25% 26% 27% 25%
Other Income 2 -1 41 1 18 1 1 0 1 1 0 1 0
Depreciation 16 20 15 9 9 20 24 29 21 38 50 55 96
Profit before tax 91 17 31 100 290 451 550 657 871 1,106 1,401 1,823 1,990
Tax % 35% -150% 51% 38% 41% 32% 34% 34% 35% 35% 34% 35%
Net Profit 59 43 15 62 173 307 364 435 568 719 918 1,186 1,302
EPS in Rs 2.14 1.29 0.32 0.99 2.53 4.17 5.08 5.87 7.06 9.05 11.74 15.17 16.65
Dividend Payout % 35% 0% 43% 29% 19% 16% 14% 12% 12% 12% 11% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:20.15%
5 Years:16.47%
3 Years:18.59%
TTM:27.79%
Compounded Profit Growth
10 Years:42.18%
5 Years:26.65%
3 Years:27.78%
TTM:10.34%
Stock Price CAGR
10 Years:18.98%
5 Years:3.67%
3 Years:-11.66%
1 Year:-53.77%
Return on Equity
10 Years:17.54%
5 Years:18.72%
3 Years:19.74%
Last Year:21.04%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
52 366 366 119 133 143 143 644 156 156 156 156 156
Reserves 506 415 419 953 1,285 1,822 2,151 2,529 3,501 4,128 4,942 6,019 6,582
Borrowings 5,398 5,391 5,394 7,949 11,444 15,289 18,093 19,475 22,576 24,109 38,330 50,567 55,903
398 1,065 1,063 657 569 931 1,159 1,725 1,655 2,201 661 684 815
Total Liabilities 6,354 6,937 6,941 9,678 13,430 18,185 21,547 23,873 27,888 30,595 44,090 57,426 63,457
48 34 14 33 53 71 73 68 111 140 161 163 296
CWIP 1 0 0 0 0 0 0 0 0 0 4 13 0
Investments 174 405 219 68 62 225 82 67 67 239 73 73 73
6,131 6,498 6,708 9,577 13,315 17,890 21,391 23,737 27,710 30,216 43,852 57,178 63,088
Total Assets 6,354 6,937 6,941 9,678 13,430 18,185 21,547 23,873 27,888 30,595 44,090 57,426 63,457

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-2,001 848 -1,071 -3,249 -3,572 -3,759 -2,451 -2,271 -2,814 -1,491 -7,923 -9,294
-259 -549 519 208 -6 -8 -80 -40 -147 -202 -63 -4
2,358 404 10 2,786 3,662 4,087 2,751 1,826 3,037 1,701 7,965 12,183
Net Cash Flow 98 703 -543 -255 84 319 219 -485 76 8 -20 2,885

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 13% 5% 2% 7% 15% 18% 17% 16% 17% 18% 20% 21%