Cholamandalam Investment & Finance Company Ltd

Cholamandalam Investment & Finance Company Ltd

₹ 1,077 -0.76%
22 Feb 2:30 p.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 90,473 Cr.
  • Current Price 1,077
  • High / Low 1,310 / 710
  • Stock P/E 28.2
  • Book Value 188
  • Dividend Yield 0.18 %
  • ROCE 9.72 %
  • ROE 20.4 %
  • 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 5.69 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.06%
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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 2,520 2,479 2,482 2,496 2,557 2,605 2,770 3,017 3,356 3,741 4,082 4,623 5,007
Interest 1,140 1,120 1,104 1,078 1,046 1,071 1,130 1,340 1,543 1,734 2,006 2,204 2,441
802 1,063 910 574 795 630 879 940 912 902 1,174 1,391 1,412
Financing Profit 578 297 468 845 717 904 760 736 901 1,105 902 1,028 1,155
Financing Margin % 23% 12% 19% 34% 28% 35% 27% 24% 27% 30% 22% 22% 23%
0 56 0 1 17 52 26 50 52 93 89 73 47
Depreciation 25 26 25 24 24 28 28 28 30 36 39 39 46
Profit before tax 553 327 443 822 710 927 759 759 923 1,163 952 1,062 1,156
Tax % 26% 25% 26% 26% 26% 26% 26% 26% 26% 26% 25% 27% 25%
410 245 329 611 528 687 562 563 685 855 710 773 872
EPS in Rs 5.00 2.99 4.01 7.44 6.43 8.36 6.84 6.85 8.33 10.40 8.64 9.40 10.39
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,784 2,570 3,279 3,715 4,214 4,694 5,559 7,108 8,712 9,583 10,148 12,884 17,453
Interest 990 1,410 1,769 1,958 2,048 2,228 2,657 3,588 4,592 4,576 4,298 5,748 8,386
546 688 932 1,061 1,266 1,322 1,451 1,632 2,421 2,913 2,926 3,621 4,878
Financing Profit 248 472 578 696 899 1,143 1,451 1,888 1,699 2,094 2,924 3,515 4,189
Financing Margin % 14% 18% 18% 19% 21% 24% 26% 27% 20% 22% 29% 27% 24%
52 1 1 0 2 3 0 1 0 56 84 220 302
Depreciation 10 22 25 30 22 39 51 57 111 102 101 121 158
Profit before tax 289 452 554 666 879 1,107 1,401 1,832 1,588 2,048 2,908 3,615 4,333
Tax % 42% 32% 34% 33% 35% 35% 34% 35% 34% 26% 26% 26%
169 308 368 444 575 718 918 1,197 1,054 1,521 2,154 2,665 3,210
EPS in Rs 2.55 4.30 5.14 6.18 7.36 9.21 11.76 15.32 12.86 18.55 26.23 32.42 38.83
Dividend Payout % 20% 16% 14% 11% 12% 12% 11% 8% 13% 11% 8% 6%
Compounded Sales Growth
10 Years: 17%
5 Years: 18%
3 Years: 14%
TTM: 49%
Compounded Profit Growth
10 Years: 24%
5 Years: 24%
3 Years: 36%
TTM: 29%
Stock Price CAGR
10 Years: 37%
5 Years: 36%
3 Years: 27%
1 Year: 42%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 19%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,271 1,809 2,144 2,531 3,514 4,142 4,969 6,052 8,036 9,436 11,605 14,182 15,643
Preference Capital 0 0 0 500 0 0 0 0 0 0 0 0
11,444 15,269 18,075 19,450 22,546 24,071 38,330 50,567 55,005 63,730 69,174 97,358 119,471
649 1,007 1,182 1,743 1,673 2,230 711 715 853 1,314 1,536 1,923 2,310
Total Liabilities 13,497 18,228 21,544 23,868 27,889 30,598 44,167 57,490 64,058 74,644 82,478 113,627 137,588
56 73 74 69 120 150 170 167 283 228 259 403 501
CWIP 0 0 0 0 0 0 4 14 11 10 37 60 0
Investments 10 172 39 25 16 182 23 42 33 1,583 2,055 3,562 3,481
13,430 17,984 21,431 23,775 27,753 30,266 43,970 57,267 63,732 72,823 80,127 109,602 133,607
Total Assets 13,497 18,228 21,544 23,868 27,889 30,598 44,167 57,490 64,058 74,644 82,478 113,627 137,588

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3,574 -3,754 -2,447 -2,264 -2,809 -1,468 -7,926 -9,317 -2,075 -8,848 -5,571 -27,105
55 5 -83 -40 -137 -222 -60 -11 -54 -1,746 1,640 -2,148
3,602 4,067 2,749 1,819 3,031 1,692 8,009 12,191 2,452 8,707 5,150 27,466
Net Cash Flow 83 317 219 -485 85 2 22 2,862 323 -1,888 1,218 -1,787

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 12% 18% 17% 18% 18% 18% 19% 21% 15% 17% 20% 20%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.62% 51.61% 51.57% 51.55% 51.55% 51.52% 51.50% 51.49% 51.47% 51.46% 51.43% 50.37%
16.49% 18.85% 17.88% 17.65% 17.61% 17.96% 18.69% 19.38% 19.63% 20.92% 21.51% 24.73%
24.43% 21.83% 22.54% 22.79% 23.00% 22.41% 21.92% 21.24% 21.45% 20.37% 20.04% 18.39%
7.46% 7.72% 8.01% 8.00% 7.84% 8.11% 7.90% 7.88% 7.44% 7.25% 7.03% 6.51%
No. of Shareholders 86,2961,03,1341,07,4431,14,3091,20,0691,25,5251,30,8331,30,1541,21,1841,40,5461,46,8151,40,636

* 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.

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Documents

Concalls