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: 26,560 Cr.
  • Current Price: 327.90
  • 52 weeks High / Low 349.00 / 226.35
  • Book Value: 83.57
  • Stock P/E: 20.28
  • Dividend Yield: 0.38 %
  • ROCE: 10.81 %
  • ROE: 21.14 %
  • Sales Growth (3Yrs): 18.93 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Pros:
Company has good consistent profit growth of 26.61% over 5 years
Cons:
Stock is trading at 3.92 times its book value
Company has low interest coverage ratio.
Company might be capitalizing the interest cost

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

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 1,222 1,247 1,313 1,404 1,537 1,643 1,702 1,840 1,902 2,045 2,212 2,289
Interest 547 540 556 590 619 795 857 950 986 1,087 1,178 1,192
327 378 397 421 466 401 378 417 436 450 485 542
Financing Profit 349 329 360 394 451 447 467 473 480 509 550 555
Financing Margin % 29% 26% 27% 28% 29% 27% 27% 26% 25% 25% 25% 24%
Other Income 2 0 0 0 0 0 0 20 0 0 0 0
Depreciation 12 10 12 14 15 13 13 15 16 24 27 32
Profit before tax 339 319 348 380 436 434 454 478 465 485 523 523
Tax % 35% 35% 35% 34% 34% 35% 34% 33% 36% 35% 41% 26%
Net Profit 221 207 228 250 290 281 300 319 298 315 307 389
EPS in Rs 2.83 2.65 2.92 3.20 3.71 3.59 3.83 0.82 3.81 4.03 3.93 4.98
Gross NPA % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net NPA % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

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 945 1,140 955 1,209 1,784 2,570 3,279 3,715 4,214 4,694 5,559 7,088 8,449
Interest 379 594 504 575 990 1,410 1,769 1,958 2,048 2,228 2,657 3,588 4,442
474 549 417 515 546 688 932 1,061 1,266 1,322 1,451 1,632 1,913
Financing Profit 93 -3 34 119 248 472 578 696 899 1,143 1,451 1,868 2,094
Financing Margin % 10% -0% 4% 10% 14% 18% 18% 19% 21% 24% 26% 26% 25%
Other Income 4 -18 53 14 52 1 1 0 2 3 0 21 1
Depreciation 18 26 17 10 10 22 25 30 22 39 51 57 99
Profit before tax 78 -48 70 123 289 452 554 666 879 1,107 1,401 1,832 1,995
Tax % 39% 61% 24% 31% 42% 32% 34% 33% 35% 35% 34% 35%
Net Profit 47 -19 53 85 169 308 368 444 575 719 919 1,198 1,309
EPS in Rs 1.68 0.00 1.44 1.36 2.47 4.19 5.02 5.99 7.14 9.06 11.76 15.32 16.75
Dividend Payout % 44% -0% 13% 21% 20% 16% 14% 11% 12% 12% 11% 8%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:20.05%
5 Years:16.67%
3 Years:18.93%
TTM:25.69%
Compounded Profit Growth
10 Years:59.44%
5 Years:26.61%
3 Years:27.74%
TTM:10.06%
Stock Price CAGR
10 Years:37.94%
5 Years:22.71%
3 Years:17.10%
1 Year:41.33%
Return on Equity
10 Years:17.67%
5 Years:18.80%
3 Years:19.75%
Last Year:21.14%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

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 477 347 386 943 1,271 1,809 2,144 2,530 3,513 4,141 4,969 6,052 6,613
Borrowings 5,400 5,391 5,469 7,949 11,444 15,269 18,075 19,450 22,546 24,071 38,330 50,567 55,903
479 1,103 1,070 753 669 1,029 1,204 1,765 1,691 2,243 711 715 851
Total Liabilities 6,408 6,908 6,991 9,764 13,517 18,250 21,566 23,889 27,907 30,612 44,167 57,490 63,524
66 45 20 37 56 73 74 69 120 150 170 167 306
CWIP 2 0 0 0 0 0 0 0 0 0 4 14 0
Investments 126 321 174 10 10 172 39 25 16 182 23 42 0
6,215 6,541 6,797 9,717 13,450 18,006 21,452 23,795 27,771 30,280 43,970 57,267 63,218
Total Assets 6,408 6,908 6,991 9,764 13,517 18,250 21,566 23,889 27,907 30,612 44,167 57,490 63,524

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-2,005 789 -1,152 -3,251 -3,574 -3,754 -2,447 -2,264 -2,809 -1,468 -7,926 -9,317
-261 -507 545 207 55 5 -83 -40 -137 -222 -60 -11
2,361 402 78 2,771 3,602 4,067 2,749 1,819 3,031 1,692 8,009 12,191
Net Cash Flow 95 683 -528 -274 83 317 219 -485 85 2 22 2,862

Ratios Consolidated Figures in Rs. Crores / View Standalone

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 % 11% -2% 6% 9% 12% 18% 17% 16% 17% 18% 20% 21%

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