Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings Limited (CFHL) is a part of the Murugappa Group. The Co. is a Core Investment Company registered with the RBI, offering a diverse range of financial products and risk management services to individual and corporate customers through its group companies. [1]
- Market Cap ₹ 20,871 Cr.
- Current Price ₹ 1,112
- High / Low ₹ 1,296 / 522
- Stock P/E 12.5
- Book Value ₹ 451
- Dividend Yield 0.05 %
- ROCE 9.78 %
- ROE 18.3 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 18.6% CAGR over last 5 years
Cons
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6,408 | 7,724 | 8,807 | 9,696 | 8,004 | 2,688 | 8,909 | 10,926 | 13,135 | 13,900 | 14,644 | 18,154 | 23,906 | |
4,774 | 5,422 | 5,991 | 6,542 | 7,029 | 2,377 | 4,490 | 5,147 | 6,588 | 6,807 | 7,210 | 8,597 | 10,708 | |
Operating Profit | 1,635 | 2,302 | 2,815 | 3,154 | 975 | 311 | 4,419 | 5,778 | 6,547 | 7,093 | 7,434 | 9,558 | 13,198 |
OPM % | 26% | 30% | 32% | 33% | 12% | 12% | 50% | 53% | 50% | 51% | 51% | 53% | 55% |
75 | 25 | 29 | 123 | 1,538 | 1 | 0 | 21 | 1 | 60 | 92 | 221 | 306 | |
Interest | 1,072 | 1,520 | 1,896 | 2,103 | 976 | 0 | 2,655 | 3,587 | 4,592 | 4,608 | 4,328 | 5,778 | 8,410 |
Depreciation | 101 | 133 | 159 | 171 | 163 | 17 | 70 | 78 | 150 | 145 | 154 | 176 | 209 |
Profit before tax | 536 | 674 | 789 | 1,003 | 1,374 | 295 | 1,695 | 2,135 | 1,806 | 2,400 | 3,044 | 3,824 | 4,884 |
Tax % | 34% | 32% | 34% | 32% | 27% | 30% | 34% | 34% | 36% | 27% | 26% | 26% | |
352 | 458 | 518 | 684 | 1,181 | 538 | 1,127 | 1,415 | 1,165 | 1,764 | 2,239 | 2,810 | 3,608 | |
EPS in Rs | 14.43 | 15.45 | 16.66 | 22.68 | 55.47 | 24.26 | 29.32 | 37.12 | 29.34 | 43.93 | 54.49 | 68.71 | 88.79 |
Dividend Payout % | 21% | 13% | 12% | 9% | 9% | 1% | 4% | 3% | 2% | 1% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 15% |
3 Years: | 11% |
TTM: | 43% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 19% |
3 Years: | 33% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 18% |
3 Years: | 23% |
1 Year: | 112% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 18% |
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 | 37 | 37 | 37 | 37 | 37 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 1,273 | 1,622 | 1,914 | 2,290 | 3,287 | 2,745 | 3,291 | 3,925 | 4,572 | 5,367 | 6,427 | 7,642 | 8,457 |
Preference Capital | 0 | 0 | 0 | 500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
12,284 | 16,604 | 19,464 | 20,931 | 1,441 | 0 | 38,200 | 50,447 | 55,117 | 63,797 | 69,229 | 97,191 | 119,254 | |
3,256 | 4,837 | 5,887 | 7,079 | 4,900 | 5,129 | 11,897 | 13,546 | 16,147 | 19,432 | 22,097 | 26,181 | 28,895 | |
Total Liabilities | 16,850 | 23,100 | 27,302 | 30,338 | 9,665 | 7,892 | 53,407 | 67,937 | 75,855 | 88,616 | 97,771 | 131,033 | 156,624 |
792 | 1,258 | 1,318 | 1,521 | 1,336 | 102 | 311 | 306 | 479 | 447 | 464 | 623 | 710 | |
CWIP | 42 | 164 | 201 | 40 | 56 | 0 | 4 | 14 | 11 | 10 | 40 | 60 | 0 |
Investments | 1,130 | 1,688 | 2,116 | 2,665 | 5,141 | 6,536 | 6,211 | 7,552 | 8,893 | 11,678 | 13,282 | 17,536 | 18,367 |
14,886 | 19,990 | 23,667 | 26,112 | 3,131 | 1,254 | 46,881 | 60,065 | 66,472 | 76,481 | 83,984 | 112,813 | 137,547 | |
Total Assets | 16,850 | 23,100 | 27,302 | 30,338 | 9,665 | 7,892 | 53,407 | 67,937 | 75,855 | 88,616 | 97,771 | 131,033 | 156,624 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3,094 | -3,228 | -1,872 | -1,685 | -500 | 594 | -6,302 | -9,274 | -1,914 | -9,719 | -5,738 | -29,329 | |
-263 | -838 | -499 | -461 | 193 | -1,263 | -1,825 | -94 | -96 | -62 | -135 | -257 | |
3,595 | 4,465 | 2,643 | 1,704 | 748 | -69 | 8,287 | 12,171 | 2,427 | 7,688 | 7,073 | 27,840 | |
Net Cash Flow | 239 | 398 | 272 | -443 | 441 | -738 | 160 | 2,803 | 417 | -2,093 | 1,199 | -1,746 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 25 | 25 | 25 | 31 | 32 | 3 | 1 | 1 | 1 | 2 | 2 |
Inventory Days | 77 | 71 | 78 | 87 | 86 | |||||||
Days Payable | 117 | 104 | 135 | 125 | 99 | |||||||
Cash Conversion Cycle | -11 | -8 | -32 | -12 | 18 | 32 | 3 | 1 | 1 | 1 | 2 | 2 |
Working Capital Days | 18 | -14 | -13 | 14 | -90 | -257 | -255 | -225 | -221 | -262 | -284 | -274 |
ROCE % | 13% | 13% | 13% | 13% | 10% | 7% | 18% | 11% | 10% | 10% | 9% | 10% |
Documents
Announcements
- Closure of Trading Window 3m
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Announcement under Regulation 30 (LODR)-Credit Rating
20 Mar - Cholamandalam Financial Holdings Limited has informed the exchange about credit rating.
- Announcement Under Regulation 30 And 31A (3) Of SEBI Listing Regulations, 2015 26 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Feb - On transcript of earnings call held on February 6, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Cholamandalam Financial Holdings Limited has informed the exchange regarding audio recording of Investor meet
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
Concalls
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Feb 2024Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Jun 2020TranscriptPPT
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Jun 2017TranscriptNotesPPT
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Nov 2016TranscriptPPT
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Aug 2016Transcript PPT
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Apr 2016TranscriptPPT
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Mar 2016TranscriptNotesPPT
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Jan 2016TranscriptPPT
Services
NBFC: The Co. provides financial services through its subsidiary Cholamandalam Investment and Finance Company Limited (CIFCL) by offering vehicle finance, home loans, loan against property, etc to a wide range of customers, wherein it holds 45.41% as of June 2022.
General Insurance: The Co. offers a wide range of insurance including motor, travel, health, accident, home, and other types of insurance for corporate customers through its subsidiary Cholamandalam MS General Insurance Company Limited (CMSGICL), wherein it holds 60% as on June 2022.
Risk Management & Engineering Solutions: The Co. provides risk management and engineering solutions in the field of Safety, Health, and Environment through its Joint Venture with Mitsui Sumitomo Insurance Group, Japan through Cholamandalam MS Risk Services Ltd (CMSRSL), wherein it holds 49.5% as on June 2022. [1]