Operates as a non-banking finance company lending to retail and small-business borrowers across eight business engines — Vehicle Finance, Loan Against Property, Home Loans, Gold Loan, SME, Small Business Personal Loans, Consumer & Small Enterprise Loans (CSEL) and Consumer Durable loans. Vehicle Finance is the largest engine, contributing 52.5% of segment revenue at Rs 16,511.03 crore for FY26, with an Auto AUM of Rs 1,19,558 crore growing 18% YoY. Loan Against Property brings in 19.0% (Rs 5,988.88 crore), Home Loans 10.3% (Rs 3,240.91 crore) and Others 15.1% covering Gold Loan, SME, CSEL and consumer durable lending. Assets under management stood at Rs 2,42,630 crore at FY26 end, up 21% YoY; Q4 FY26 disbursements were Rs 32,913 crore (+25% YoY) channelled through 1,761 offices and 2,452 touch points serving 43 lakh customers. Lending is funded by borrowings of Rs 2,10,867 crore at a capital adequacy ratio of 19.21%; employees consume 13.5% of revenue and other operating expenses another 7%. Reported ROE was 23% in Q4 FY26 with a pre-tax ROA of 4.1% before a Rs 200 crore management overlay, and branch expansion plans for FY27 cover ~480 Gold Loan branches plus ~100 each in LAP, Home Loans, CSEL and consumer durable branches. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Vehicle Finance (53%), Loan against property (19%), Home Loans (10%), Others (Gold Loan, SME, CSEL, Consumer Durable) (15%), Unallocated (3%). Diversified, asset-light NBFC lending model across eight business engines, with cyclical exposure to vehicle and property cycles
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 10,141 | 12,884 | 19,140 | 25,846 | 31,073 |
| EBITDA (ex other income) | 7,215 | 9,262 | 13,754 | 18,174 | 21,175 |
| margin % | 71.1 | 71.9 | 71.9 | 70.3 | 68.1 |
| Owners' profit | 0 | 2,665 | 3,420 | 4,263 | 5,233 |
| EPS, as reported (₹) | 26.24 | 32.44 | 41.17 | 50.72 | 61.98 |
| ROE % · ROCE % | 18.3 · — | 18.6 · — | 17.5 · — | 18.0 · — | 17.2 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (5,571) | (27,105) | (35,683) | (32,413) | (30,021) |
| Capex | (57) | (143) | (1,076) | (200) | (265) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,255 | 6,733 | 7,046 | 7,267 | 7,491 | 7,898 | 8,417 | 8,856 |
| Profit before tax | 1,304 | 1,465 | 1,698 | 1,531 | 1,565 | 1,735 | 2,142 | 2,222 |
| Net profit | 968 | 1,088 | 1,260 | 1,138 | 1,160 | 1,290 | 1,645 | 1,656 |
| EPS (₹) | 11.52 | 12.95 | 14.98 | 13.53 | 13.78 | 15.29 | 19.33 | 19.43 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Vehicle Finance | 16,511 | 52.4 |
| Loan against property | 5,989 | 19.0 |
| Home Loans | 3,241 | 10.3 |
| Others | 4,828 | 15.3 |
| Unallocated | 970 | 3.1 |
| Total, before eliminations | 31,539 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Allotment of 2,44,596 equity shares on ESOP exercise | capital market events | low | — | — |
| 11 Sept 2026 · BSE seeks clarification on unusual trading volume | regulatory legal | medium | — | — |
| 1 Sept 2026 · Cholamandalam raises Rs 2,000 crore via 8.97 percent perpetual NCDs | fund raising | high | — | — |
| 26 Aug 2026 · NSE and BSE approve reclassification of AGPL from Promoter to Public | ownership changes | medium | — | — |
| 21 Aug 2026 · Cholamandalam allots secured NCDs worth 350 crore via private placement | fund raising | medium | — | — |
| 21 Aug 2026 · NCD trading to be suspended on maturity of two debentures | credit debt | medium | — | — |
| 13 Aug 2026 · Allotment of 43,050 equity shares under employee stock option plan | capital market events | low | — | — |
| 4 Aug 2026 · Cholamandalam Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 29 Jul 2026 · All 5 resolutions passed at Chola 48th AGM; dividend and borrowing hike cleared | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Audio of Q1 FY27 earnings call uploaded on company website | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| BAJAJ FINANCE LIMITED |
| 6,43,552 |
| 31.7 |
| 5.50 |
| 11.6 |
| 16.5 |
| — |
| 25.2 |
| 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO ◆ | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 27.2 | 18.2 | 136 of 212 | 36% |
| P/B | 5.2 | 1.1 | 230 of 245 | 6% |
| ROE | 17.2 | 3.0 | 15 of 266 | 95% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 71.2 | 48.6 | 77 of 249 | 69% |
| Revenue growth | 21.9 | 12.6 | 95 of 231 | 59% |
| Profit growth | 45.6 | 7.8 | 90 of 251 | 64% |
| Market cap | 157446 | 33 | 3 of 260 | 99% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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