CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED

Cash flow Cholamandalam Investment and Finance Company Limited

Stocks

CHOLAFIN

INE121A01024

Consumer Lending

Market Closed - Bombay S.E. 14:20:11 18/09/2026 +04			5-day change	1st Jan Change
1,778.60 ^INR	+0.97%		-3.60%	+4.49%

08-31	Indian firms turn to longer-term debt amid strong demand as yield gap narrows	RE
08-31	India new issue-Cholamandalam Investment accepts bids for perpetual bonds, bankers say	RE

c1d1582488d.ykccGuCZiMkhyXmGuY_6zvUeeo3ad-yERaOJ5BKOXMY.hBFdQLXSxa9RmDHQ1_2ttJZ4NcaXNdmwE-i91ELkDZCQK11qh8Ph-1b_TQ

Published financial data: CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Interest and Dividend Income, Total	95.67B	121B	176B	237B	284B
Interest Expense, Total	42.79B	57.33B	92.13B	125B	144B
Net Interest Income	52.89B	63.49B	84.14B	113B	140B
Commission and Fees	4.73B	6.51B	13.42B	17.39B	21.14B
Other Revenues, Total	1.01B	1.51B	1.71B	3.59B	5.56B
Revenues Before Provison For Loan Losses	58.62B	71.51B	99.27B	134B	167B
Provision For Loan Losses	8.8B	8.5B	13.18B	24.94B	35.36B
Total Revenues	49.82B	63.01B	86.09B	109B	132B
Salaries And Other Employee Benefits	9.57B	13.6B	24.79B	33.28B	41.95B
Cost of Services Provided, Total	300M	431M	596M	653M	1.21B
Depreciation & Amortization - (IS) - (Collected)	1.01B	1.21B	1.98B	2.45B	2.84B
Other Operating Expenses	9.93B	11.62B	12.9B	15.39B	16.19B
Total Operating Expenses	20.81B	26.86B	40.26B	51.77B	62.19B
Operating Income	29.01B	36.15B	45.83B	57B	69.54B
Income (Loss) on Equity Invest.	-53.8M	-118M	93.2M	27M	37.3M
Other Non Operating Income (Expenses)	66.3M	-	900K	408M	239M
EBT, Excl. Unusual Items	29.03B	36.03B	45.92B	57.43B	69.81B
Gain (Loss) on Sale of Investments	-4M	-	234M	29M	26.5M
Gain (Loss) on Sale of Assets	-700K	-6.6M	-10.4M	-20.6M	-72.1M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	29.02B	36.03B	46.15B	57.44B	69.77B
Income Tax Expense	7.49B	9.38B	11.95B	14.81B	17.44B
Earnings From Continuing Operations	21.54B	26.65B	34.2B	42.63B	52.33B
Net Income to Company	21.54B	26.65B	34.2B	42.63B	52.33B
Minority Interest	-	-	-	-	-
Net Income - (IS)	21.54B	26.65B	34.2B	42.63B	52.33B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	21.54B	26.65B	34.2B	42.63B	52.33B
Net Income to Common Excl. Extra Items	21.54B	26.65B	34.2B	42.63B	52.33B
Per Share Items
Net EPS - Basic	26.24	32.42	41.17	50.72	61.98
Basic EPS - Continuing Operations	26.24	32.42	41.17	50.72	61.98
Basic Weighted Average Shares Outstanding	821M	822M	831M	840M	844M
Net EPS - Diluted	26.19	32.38	41.06	50.6	61.83
Diluted EPS - Continuing Operations	26.19	32.38	41.06	50.6	61.83
Diluted Weighted Average Shares Outstanding	822M	823M	833M	842M	846M
Normalized Basic EPS	22.11	27.4	34.55	42.71	51.68
Normalized Diluted EPS	22.07	27.37	34.46	42.61	51.56
Dividend Per Share	2	2	2	2	2
Payout Ratio	7.62	6.17	4.88	3.94	3.24
Supplemental Items
Total Revenues (As Reported)	102B	131B	194B	262B	315B
Effective Tax Rate - (Ratio)	25.8	26.03	25.89	25.79	25
Current Domestic Taxes	6.95B	8.86B	12.22B	17.27B	20.14B
Total Current Taxes	6.95B	8.86B	12.22B	17.27B	20.14B
Deferred Domestic Taxes	535M	522M	-269M	-2.45B	-2.7B
Total Deferred Taxes	535M	522M	-269M	-2.45B	-2.7B
Normalized Net Income	18.14B	22.52B	28.7B	35.9B	43.63B
Non-Cash Pension Expense	12.7M	7.8M	13.5M	8.7M	570M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	205M	285M	554M	744M	841M
Total Stock-Based Compensation	205M	285M	554M	744M	841M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	26.99B	9.12B	8.46B	52.8B	83.15B
Long-Term Investments - (FS Template)	20.55B	35.62B	40.36B	63.67B	66.46B
Trading Asset Securities, Total	1.87B	2.73B	2.48B	2.03B	17.01B
Loans and Lease Receivables - (FS Template)	741B	1,048B	1,445B	1,820B	2,177B
Other Receivables	7.14B	7.03B	9.42B	8.43B	12.56B
Gross Property Plant And Equipment	5.85B	8.17B	20.89B	22.52B	25.37B
Accumulated Depreciation	-3.2B	-4.07B	-5.49B	-4.94B	-6.7B
Net Property Plant And Equipment	2.65B	4.1B	15.39B	17.58B	18.67B
Goodwill	-	-	-	-	-
Other Intangibles, Total	306M	526M	364M	329M	436M
Restricted Cash	-	-	699M	986M	812M
Other Current Assets, Total	16.33B	21.86B	38.06B	42.67B	65.79B
Deferred Tax Assets Long-Term (Collected)	6.75B	6.11B	6.56B	9.49B	11.6B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	756M	1.07B	448M	505M	559M
Total Assets	825B	1,136B	1,567B	2,019B	2,454B
Liabilities
Interest Bearing Deposits	-	-	-	-	-
Deposits	-	-	-	-	-
Accounts Payable, Total	1.28B	1.72B	2.96B	2.37B	2.12B
Accrued Expenses, Total	1.26B	1.31B	2.21B	2.72B	2.96B
Short-Term Borrowings	40.9B	68.57B	72.22B	92.14B	158B
Current Portion of Long-Term Debt	207B	272B	402B	483B	619B
Current Portion of Leases	471M	1.04B	716M	921M	1B
Long-Term Debt	445B	635B	873B	1,178B	1,335B
Long-Term Leases	633M	634M	3.01B	4.67B	5.16B
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue, Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	8.99B	11.76B	13.86B	16.65B	24.84B
Unearned Revenue Non Current	60.7M	29.6M	51.4M	54.1M	47.6M
Deferred Tax Liability Non-Current	6.5M	-	-	-	-
Other Non Current Liabilities	972M	1.4B	1.51B	1.6B	2.21B
Total Liabilities	707B	993B	1,371B	1,782B	2,150B
Common Stock, Total	1.64B	1.64B	1.68B	1.68B	1.7B
Additional Paid In Capital	28.89B	29.13B	49.17B	49.64B	64.15B
Retained Earnings	85.92B	111B	143B	184B	235B
Comprehensive Income and Other	1.24B	1.76B	1.68B	1.12B	3.87B
Total Common Equity	118B	143B	196B	237B	305B
Minority Interest	-	-	-	-	-
Total Equity	118B	143B	196B	237B	305B
Total Liabilities And Equity	825B	1,136B	1,567B	2,019B	2,454B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	821M	822M	840M	841M	852M
ECS Total Common Shares Outstanding	821M	822M	840M	841M	852M
Book Value / Share	143.34	174.52	233.26	281.45	357.48
Tangible Book Value	117B	143B	196B	236B	304B
Tangible Book Value Per Share	142.96	173.88	232.83	281.06	356.97
Total Debt	695B	977B	1,350B	1,759B	2,118B
Debt Equivalent of Unfunded Proj. Benefit Obligation	122M	45.7M	349M	825M	1.9B
Net Debt	666B	965B	1,339B	1,704B	2,018B
Equity Method Investments, Total	4.79B	4.51B	4.56B	4.59B	4.62B
Full Time Employees	9.12K	13.25K	38.24K	46.68K	51.32K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	21.54B	26.65B	34.2B	42.63B	52.33B
Depreciation, Depletion & Amortization	861M	1.09B	1.79B	2.28B	2.65B
Total Depreciation, Depletion & Amortization	861M	1.09B	1.79B	2.28B	2.65B
Amortization of Deferred Charges, Total	145M	121M	194M	173M	194M
(Gain) Loss On Sale of Asset - (CF)	700K	7.6M	10.4M	20.6M	72.1M
(Gain) Loss on Sale of Investments - (CF)	-161M	-697M	-1.75B	-3.5B	-5.53B
Total Asset Writedown	-	-	192M	17.9M	-
Provision for Credit Losses	8.8B	8.48B	13.1B	24.95B	35.36B
Stock-Based Compensation (CF)	205M	285M	554M	744M	841M
Change in Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-88.08B	-312B	-409B	-395B	-387B
Other Operating Activities	979M	5.03B	3.5B	4.05B	556M
Cash from Operations	-55.71B	-271B	-357B	-324B	-300B
Capital Expenditure	-959M	-1.89B	-10.76B	-2B	-2.65B
Sale of Property, Plant, and Equipment	19.2M	18.6M	54.3M	129M	234M
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	17.34B	-19.61B	-17.84B	-27.61B	-23.12B
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	16.4B	-21.48B	-28.55B	-29.48B	-25.54B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	353B	1,080B	1,445B	1,608B	1,618B
Total Debt Issued	353B	1,080B	1,445B	1,608B	1,618B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-300B	-804B	-1,078B	-1,208B	-1,275B
Total Debt Repaid	-300B	-804B	-1,078B	-1,208B	-1,275B
Issuance of Common Stock	231M	243M	20.09B	475M	14.68B
Common Dividends Paid	-1.64B	-1.64B	-1.67B	-1.68B	-1.7B
Common & Preferred Stock Dividends Paid	-1.64B	-1.64B	-1.67B	-1.68B	-1.7B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	51.5B	275B	385B	398B	356B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	12.18B	-17.87B	-662M	44.34B	30.35B
Supplemental Items
Cash Interest Paid	41.18B	52.8B	87.45B	120B	142B
Cash Income Tax Paid (Refund)	8.47B	9.03B	13.08B	15.41B	17.81B
Net Debt Issued / Repaid	52.91B	276B	366B	399B	343B

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	2.74	2.72	2.53	2.38	2.34
Return On Equity %	20.16	20.41	20.15	19.71	19.33
Return on Common Equity	20.16	20.41	20.15	19.71	19.33
Margin Analysis
Gross Profit Margin %	99.89	99.87	99.88	99.91	99.93
SG&A Margin	19.7	22.15	29.36	31.1	32.69
Income From Continuing Operations Margin %	43.22	42.29	39.73	39.19	39.72
Net Income Margin %	43.22	42.29	39.73	39.19	39.72
Net Avail. For Common Margin %	43.22	42.29	39.73	39.19	39.72
Normalized Net Income Margin	36.41	35.74	33.34	33	33.12
Asset Turnover
Asset Turnover	0.06	0.06	0.06	0.06	0.06
Short Term Liquidity
Current Ratio	3.05	3.06	3.05	3.23	2.92
Quick Ratio	2.99	3	2.97	3.15	2.84
Operating Cash Flow to Current Liabilities	-0.21	-0.76	-0.72	-0.54	-0.37
Long Term Solvency
Total Debt/Equity	590.14	680.74	689.19	743.09	695.28
Total Debt / Total Capital	85.51	87.19	87.33	88.14	87.43
LT Debt/Equity	378.7	442.77	447.02	499.84	439.98
Long-Term Debt / Total Capital	54.87	56.71	56.64	59.29	55.32
Total Liabilities / Total Assets	85.73	87.37	87.5	88.28	87.59
Tier 1 Capital Ratio %	16.49	14.78	15.1	14.41	14.73
Total Capital Ratio %	19.62	17.13	18.57	19.75	19.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	36.82	26.48	36.62	26.34	21.11
Gross Profit, 1 Yr. Growth %	36.81	26.47	36.63	26.37	21.14
Earnings From Cont. Operations, 1 Yr. Growth %	41.6	23.74	28.34	24.64	22.75
Net Income, 1 Yr. Growth %	41.6	23.74	28.34	24.64	22.75
Normalized Net Income, 1 Yr. Growth %	41.74	24.16	27.44	25.07	21.56
Diluted EPS Before Extra, 1 Yr. Growth %	41.41	23.63	26.81	23.23	22.19
Common Equity, 1 Yr. Growth %	22.6	21.9	36.58	20.8	28.69
Total Assets, 1 Yr. Growth %	10.5	37.77	37.9	28.85	21.58
Tangible Book Value, 1 Yr. Growth %	22.65	21.77	36.82	20.86	28.68
Cash From Operations, 1 Yr. Growth %	-37.03	386.51	31.65	-9.16	-7.38
Capital Expenditures, 1 Yr. Growth %	191.61	97.53	468.09	-81.46	32.87
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.78	31.55	31.45	31.38	23.7
Gross Profit, 2 Yr. CAGR %	9.77	31.53	31.45	31.4	23.73
Earnings From Cont. Operations, 2 Yr. CAGR %	42.96	32.37	26.02	26.48	23.69
Net Income, 2 Yr. CAGR %	42.96	32.37	26.02	26.48	23.69
Normalized Net Income, 2 Yr. CAGR %	35.2	32.65	25.79	26.25	23.3
Diluted EPS Before Extra, 2 Yr. CAGR %	39.96	32.23	25.21	25.01	22.71
Common Equity, 2 Yr. CAGR %	19.8	22.25	29.03	28.45	24.68
Total Assets, 2 Yr. CAGR %	13.47	23.38	37.83	33.29	25.16
Tangible Book Value, 2 Yr. CAGR %	19.88	22.21	29.08	28.59	24.71
Cash From Operations, 2 Yr. CAGR %	63.87	75.02	153.08	9.35	-8.28
Capital Expenditures, 2 Yr. CAGR %	15.77	140	234.98	2.63	-50.37
Dividend Per Share, 2 Yr. CAGR %	8.47	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.34	15.08	33.22	29.73	27.86
Gross Profit, 3 Yr. CAGR %	12.34	15.07	33.21	29.73	27.89
Earnings From Cont. Operations, 3 Yr. CAGR %	21.64	36.24	31.01	25.56	25.22
Net Income, 3 Yr. CAGR %	21.59	36.24	31.01	25.56	25.22
Normalized Net Income, 3 Yr. CAGR %	16.98	31.41	30.89	25.55	24.66
Diluted EPS Before Extra, 3 Yr. CAGR %	19.59	34.29	30.39	24.55	24.06
Common Equity, 3 Yr. CAGR %	23.76	20.5	26.85	26.22	28.53
Total Assets, 3 Yr. CAGR %	12.78	21.05	28.04	34.77	29.27
Tangible Book Value, 3 Yr. CAGR %	23.89	20.5	26.9	26.28	28.62
Cash From Operations, 3 Yr. CAGR %	-15.75	135.52	59.17	79.85	3.46
Capital Expenditures, 3 Yr. CAGR %	7.66	38.34	219.85	27.66	11.85
Dividend Per Share, 3 Yr. CAGR %	15.44	5.57	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.2	16.57	19.63	21.34	29.32
Gross Profit, 5 Yr. CAGR %	20.3	16.56	19.62	21.34	29.33
Earnings From Cont. Operations, 5 Yr. CAGR %	24.57	23.76	23.37	32.25	28.03
Net Income, 5 Yr. CAGR %	24.52	23.72	23.34	32.25	28.03
Normalized Net Income, 5 Yr. CAGR %	21.2	20.75	20.42	29.32	27.8
Diluted EPS Before Extra, 5 Yr. CAGR %	23.26	22.51	21.8	30.5	27.27
Common Equity, 5 Yr. CAGR %	22.32	22.86	25.84	23.62	25.98
Total Assets, 5 Yr. CAGR %	21.94	20.8	22.2	25.81	26.88
Tangible Book Value, 5 Yr. CAGR %	22.43	22.92	25.94	23.68	26.02
Cash From Operations, 5 Yr. CAGR %	30.58	27.88	30.81	73.28	27.68
Capital Expenditures, 5 Yr. CAGR %	10.54	22.36	69.53	22.76	51.8
Dividend Per Share, 5 Yr. CAGR %	12.7	9	9	3.3	0