Cholamandalam Investment & Finance Company Ltd

Cholamandalam Investment & Finance Company Ltd

₹ 1,175 2.74%
24 Apr 11:54 a.m.
About

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]

Key Points

Ratios (FY 22)
Disbursement- 35,490 Cr, grew 36% over FY21 and grew at CAGR of 9% over the last 5 years.
AUM- 76,907 Cr, grew 10% over FY21 and grew at a CAGR of 16% over the last 5 years
NIM- 7.9%, improved from 7.3% over FY21
CAR- 19.6%, improved from 19.1% over FY21.
GNPA- 6.8%, increased from 4% in FY21
NNPA- 4.7%, increased from 2.2% in FY21 [1]

  • Market Cap 98,661 Cr.
  • Current Price 1,175
  • High / Low 1,310 / 831
  • Stock P/E 30.6
  • Book Value 188
  • Dividend Yield 0.16 %
  • ROCE 9.71 %
  • ROE 20.5 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.8% CAGR over last 5 years

Cons

  • Stock is trading at 6.28 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 2,505 2,461 2,467 2,471 2,530 2,580 2,745 2,988 3,323 3,701 4,030 4,435 4,960
Interest 1,140 1,120 1,104 1,078 1,046 1,071 1,131 1,340 1,543 1,734 2,007 2,205 2,439
789 1,048 899 554 774 604 851 912 881 866 1,121 1,308 1,378
Financing Profit 575 293 465 839 710 905 763 736 898 1,101 902 922 1,143
Financing Margin % 23% 12% 19% 34% 28% 35% 28% 25% 27% 30% 22% 21% 23%
0 56 0 0 17 51 26 50 52 93 103 137 59
Depreciation 24 25 24 23 23 27 27 27 29 35 38 38 45
Profit before tax 551 324 441 817 704 929 762 758 921 1,159 968 1,021 1,157
Tax % 26% 25% 26% 26% 26% 26% 26% 26% 26% 26% 25% 25% 24%
409 243 327 607 524 690 566 563 684 853 726 762 876
EPS in Rs 4.99 2.97 3.98 7.39 6.38 8.40 6.89 6.86 8.33 10.38 8.83 9.27 10.43
Gross NPA % 4.00% 6.80% 8.53% 6.80% 6.31% 5.84% 5.37% 4.63% 4.30% 4.07% 3.92%
Net NPA % 2.20% 4.50% 5.76% 4.80% 4.85% 4.07% 3.76% 3.11% 2.77% 2.59% 2.56%
Raw PDF
Upcoming result date: 30 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 1,766 2,554 3,262 3,690 4,192 4,660 5,479 6,992 8,653 9,519 10,055 12,757 17,126
Interest 988 1,411 1,771 1,960 2,051 2,231 2,659 3,589 4,592 4,576 4,299 5,749 8,385
468 674 918 1,044 1,250 1,286 1,369 1,525 2,367 2,862 2,852 3,510 4,673
Financing Profit 311 470 573 686 891 1,143 1,451 1,878 1,693 2,081 2,904 3,498 4,068
Financing Margin % 18% 18% 18% 19% 21% 25% 26% 27% 20% 22% 29% 27% 24%
-12 1 1 0 1 1 0 1 0 56 84 220 393
Depreciation 9 20 24 29 21 38 50 55 108 98 97 119 156
Profit before tax 290 451 550 657 871 1,106 1,401 1,823 1,586 2,038 2,891 3,600 4,304
Tax % 41% 32% 34% 34% 35% 35% 34% 35% 34% 26% 26% 26%
173 307 364 435 568 719 918 1,186 1,052 1,515 2,147 2,666 3,218
EPS in Rs 2.60 4.28 5.08 6.06 7.28 9.20 11.75 15.17 12.84 18.47 26.15 32.44 38.91
Dividend Payout % 19% 16% 14% 12% 12% 12% 11% 9% 13% 11% 8% 6%
Compounded Sales Growth
10 Years: 17%
5 Years: 18%
3 Years: 14%
TTM: 47%
Compounded Profit Growth
10 Years: 24%
5 Years: 24%
3 Years: 36%
TTM: 29%
Stock Price CAGR
10 Years: 35%
5 Years: 32%
3 Years: 27%
1 Year: 36%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 19%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 133 143 143 144 156 156 156 156 164 164 164 164 165
Reserves 1,285 1,822 2,151 2,530 3,501 4,129 4,942 6,019 8,008 9,396 11,543 14,132 15,609
Preference Capital 0 0 0 500 0 0 0 0 0 0 0 0
11,444 15,289 18,093 19,475 22,576 24,109 38,330 50,567 55,005 63,730 69,174 97,356 119,470
569 931 1,159 1,725 1,655 2,201 661 684 825 1,258 1,482 1,863 1,638
Total Liabilities 13,430 18,185 21,547 23,873 27,888 30,595 44,090 57,426 64,002 74,548 82,363 113,516 136,881
53 71 73 68 111 140 161 163 274 220 255 399 496
CWIP 0 0 0 0 0 0 4 13 10 10 37 60 0
Investments 62 225 82 67 67 239 73 73 73 1,619 2,076 3,620 3,559
13,315 17,890 21,391 23,737 27,710 30,216 43,852 57,178 63,646 72,700 79,996 109,436 132,826
Total Assets 13,430 18,185 21,547 23,873 27,888 30,595 44,090 57,426 64,002 74,548 82,363 113,516 136,881

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3,572 -3,759 -2,451 -2,271 -2,814 -1,491 -7,923 -9,331 -2,086 -8,857 -5,608 -27,037
-6 -8 -80 -40 -147 -202 -63 -4 -51 -1,759 1,667 -2,160
3,662 4,087 2,751 1,826 3,037 1,701 7,965 12,220 2,461 8,708 5,151 27,449
Net Cash Flow 84 319 219 -485 76 8 -20 2,885 323 -1,908 1,210 -1,748

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 15% 18% 17% 18% 18% 18% 20% 21% 15% 17% 20% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.61% 51.57% 51.55% 51.55% 51.52% 51.50% 51.49% 51.47% 51.46% 51.43% 50.37% 50.35%
18.85% 17.88% 17.65% 17.61% 17.96% 18.69% 19.38% 19.63% 20.92% 21.51% 24.73% 26.00%
21.83% 22.54% 22.79% 23.00% 22.41% 21.92% 21.24% 21.45% 20.37% 20.04% 18.39% 17.05%
7.72% 8.01% 8.00% 7.84% 8.11% 7.90% 7.88% 7.44% 7.25% 7.03% 6.51% 6.61%
No. of Shareholders 1,03,1341,07,4431,14,3091,20,0691,25,5251,30,8331,30,1541,21,1841,40,5461,46,8151,40,6361,55,055

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls