Cholamandalam Investment and Finance Company share price
NSE: CHOLAFINBSE: 511243FinanceLarge Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,469.00.
28 Oct: open ₹1,469.00, high ₹1,557.10, low ₹1,451.20
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,32,503 Cr70th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 21.30
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.84
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.13%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 20.6%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 6.79%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 7.43%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 1.77%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.34%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 8.26times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 31,86,83842.8% delivered
About Cholamandalam Investment and Finance Company
Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of the Murugappa Group, is a non-banking finance company (a lender registered with the Reserve Bank of India that is not a bank).12 Based in Chennai, it lends mainly to rural and semi-urban customers across India, among them small road transport operators, micro-enterprises, cash-salaried workers and first-time borrowers.345
It offers vehicle finance, home loans, loans against property, loans to small and medium enterprises (SMEs), secured business and personal loans, consumer and small enterprise loans, gold loans and consumer durable loans.6 Its subsidiaries are Cholamandalam Securities, which gives customers access to shares and other investments, and Cholamandalam Leasing.27
It was incorporated in 1978 and began as an equipment financing company.6 It started home loans in the year to Mar 2013 and launched consumer and small enterprise loans, secured business and personal loans and SME loans in the year to Mar 2022.8 It launched gold loans in the year to Mar 2026.9 In the year to Mar 2024 it launched a ₹4,000 crore qualified institutions placement (a sale of shares and convertible debentures to large investors).8
The Murugappa Group is a 125-year-old conglomerate with 10 listed companies.10 At the end of June 2026 the promoter group held 49.22% of Chola, including 43.74% held by Cholamandalam Financial Holdings Limited, its holding company.1112 Vellayan Subbiah is executive chairman and Ravindra Kumar Kundu is managing director.13
Cholamandalam Investment and Finance Company key points
Results
- Consolidated results, quarter to Jun 2026 against a year earlier14
Item quarter to Jun 2026 quarter to Jun 2025 Income ₹8,957 crore ₹7,353 crore Profit before tax ₹2,222 crore ₹1,531 crore Profit after tax ₹1,656 crore ₹1,138 crore - On a standalone basis, total income for the year to Mar 2026 was ₹31,445 crore, profit before tax rose 21% to ₹6,961 crore and profit after tax rose 23% to ₹5,220 crore.15
- Loans disbursed (paid out) in the year to Mar 2026 were ₹1,11,642 crore, up 11% and the company's highest ever.16
- In the quarter to Jun 2026, the net income margin (lending income less borrowing costs, as a share of assets) rose to 8.2% from 7.8%, and return on equity was 21.2% against 18.8%.17
Business segments
- Vehicle finance. Loans for new and used commercial vehicles, cars, two-wheelers, three-wheelers, tractors and construction equipment. Profit before tax rose 50% to ₹945 crore in the quarter to Jun 2026.1819
- Loan against property. Long-term loans secured on property, to self-employed people and small businesses. Profit before tax rose 39% to ₹565 crore in the quarter to Jun 2026.2021
- Home loans. Home loans for lower-middle-income customers in Tier II to Tier IV towns. Profit before tax, which includes affordable loans against property, rose 48% to ₹270 crore in the quarter to Jun 2026.2223
Loan book and deposits
- Total assets under management (loans it manages, including those sold on to other lenders) were ₹2,54,392 crore at the end of June 2026, up 23% from a year earlier, and disbursements in the quarter were ₹29,612 crore, up 22%.24
- Business assets under management by business line, end of June 2026252627Together they make up business assets under management of ₹2,33,586 crore.
Item quarter to Jun 2026 Vehicle finance ₹1,24,132 crore Loan against property ₹54,130 crore Home loans ₹23,644 crore Consumer and small enterprise loans ₹15,884 crore SME loans ₹9,923 crore Secured business and personal loans ₹3,730 crore Gold loans ₹2,143 crore - Gross Stage 3 assets (loans more than 90 days overdue) were 3.29% of the book at the end of June 2026, against 3.16% a year earlier; under the Reserve Bank of India's definition, gross non-performing assets were 4.50%.28
Funding and capital
- Borrowings, its main source of funds, were ₹2,20,247 crore at the end of June 2026, against ₹1,81,304 crore a year earlier.29
- Capital adequacy (capital as a share of risk-weighted assets) was 19.81% at the end of June 2026 and Tier I capital 14.81%, against Reserve Bank of India minimums of 15% and 10%.3031
Branches and reach
- At the end of June 2026 the company had 1,820 branches in 26 states and 7 union territories, and 87% of its locations were in Tier III to Tier VI towns (smaller towns and rural centres).32
- Most branches of the other lending businesses share premises with vehicle finance (804 of 815 loan against property branches, 679 of 715 home loan branches, all 131 SME branches), while gold loans run from 171 branches of their own.3233
- It had 51,57,904 customers and 75,882 employees at the end of June 2026.34
Customers and partners
- Consumer durable loans began with a tie-up with Samsung to finance its mobile phones and now cover other brands, including Vivo, Oppo, Realme, Xiaomi, Haier and Whirlpool.35
- The SME loans business works with more than 40 equipment makers in industrial equipment, generator sets, medical equipment and solar finance.36
What the company expects
- On its earnings call of 28 Jul 2026, the company said it had decided to open another 360 gold loan branches and expects gold loan assets under management to reach ₹5,000 crore in the year to Mar 2027.37
- On its earnings call of 28 Jul 2026, the company said net credit cost (loan losses as a share of assets) reached its full-year target of 1.5% in the quarter to Jun 2026, and that it expects further improvement.3839
- On its earnings call of 28 Jul 2026, the company said 3.5% is the minimum pre-tax return on total assets it aims for; it was 3.7% in the quarter to Jun 2026.404142
- On its earnings call of 28 Jul 2026, the company said ₹200 crore of its compulsorily convertible debentures (debt that must turn into shares) were converted in July 2026, and it expects the last ₹430 crore to convert in October 2026.43
Recent events
- On 26 Aug 2026, the stock exchanges approved reclassifying Algavista Greentech Private Limited from the promoter group to the public category.44
- On 30 Apr 2026, the board recommended a final dividend of ₹0.70 a share for the year to Mar 2026, after an interim dividend of ₹1.30 a share. It went to the annual general meeting of 28 Jul 2026; the company's documents give no outcome.4546
Last updated
All 46 sources, each with its page
- 1. Exchange filing, 25 Jun 2026, page 2
- 2. Annual report, 6 Jul 2026, page 282
- 3. Annual report, 6 Jul 2026, page 16
- 4. Annual report, 6 Jul 2026, page 115
- 5. Annual report, 6 Jul 2026, page 15
- 6. Annual report, 6 Jul 2026, page 19
- 7. Annual report, 6 Jul 2026, page 59
- 8. Investor presentation, 28 Jul 2026, page 7
- 9. Investor presentation, 28 Jul 2026, page 7
- 10. Exchange filing, 25 Jun 2026, page 3
- 11. Investor presentation, 28 Jul 2026, page 17
- 12. Annual report, 6 Jul 2026, page 219
- 13. Annual report, 6 Jul 2026, page 66
- 14. Investor presentation, 28 Jul 2026, page 81
- 15. Annual report, 6 Jul 2026, page 26
- 16. Annual report, 6 Jul 2026, page 64
- 17. Investor presentation, 28 Jul 2026, page 8
- 18. Annual report, 6 Jul 2026, page 115
- 19. Investor presentation, 28 Jul 2026, page 37
- 20. Annual report, 6 Jul 2026, page 34
- 21. Investor presentation, 28 Jul 2026, page 51
- 22. Annual report, 6 Jul 2026, page 89
- 23. Investor presentation, 28 Jul 2026, page 67
- 24. Earnings call, 28 Jul 2026, page 3
- 25. Earnings call, 28 Jul 2026, page 3
- 26. Earnings call, 28 Jul 2026, page 3
- 27. Investor presentation, 28 Jul 2026, page 8
- 28. Investor presentation, 28 Jul 2026, page 8
- 29. Investor presentation, 28 Jul 2026, page 20
- 30. Investor presentation, 28 Jul 2026, page 8
- 31. Investor presentation, 28 Jul 2026, page 79
- 32. Investor presentation, 28 Jul 2026, page 9
- 33. Earnings call, 28 Jul 2026, page 20
- 34. Investor presentation, 28 Jul 2026, page 8
- 35. Annual report, 6 Jul 2026, page 89
- 36. Annual report, 6 Jul 2026, page 90
- 37. Earnings call, 28 Jul 2026, page 13
- 38. Earnings call, 28 Jul 2026, page 6
- 39. Earnings call, 28 Jul 2026, page 12
- 40. Earnings call, 28 Jul 2026, page 14
- 41. Earnings call, 28 Jul 2026, page 15
- 42. Investor presentation, 28 Jul 2026, page 8
- 43. Earnings call, 28 Jul 2026, page 4
- 44. Exchange filing, 26 Aug 2026, page 1
- 45. Exchange filing, 30 Apr 2026, page 2
- 46. Annual report, 6 Jul 2026, page 3
Results
Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Cholamandalam Investment and Finance Company quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +21.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +33.9%
Quarter to Sep 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹9,395 Crup 4.89%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,630 Crdown 1.56%
Income from operations by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 6,733 | 7,046 | 7,267 | 7,491 | 7,898 | 8,417 | 8,856 | 9,395 |
| Net profit | 1,088 | 1,260 | 1,138 | 1,160 | 1,290 | 1,645 | 1,656 | 1,630 |
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹31,073 Crup 20.22%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,233 Crup 22.75%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 4,693 | 5,501 | 7,088 | 8,712 | 9,579 | 10,141 | 12,884 | 19,140 | 25,846 | 31,073 |
| Net profit | 719 | 975 | 1,197 | 1,054 | 1,521 | 2,154 | 2,665 | 3,420 | 4,263 | 5,233 |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Vehicle FinanceVehicle Finance, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹16,511 Crup 17.05%54.0%
- Loan against propertyLoan against property, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,989 Crup 30.95%19.6%
- Home LoansHome Loans, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,241 Crup 29.55%10.6%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,828 Crup 18.25%15.8%
Valuation
Today, against the company's own history.Cholamandalam Investment and Finance Company PE ratio and valuation
At or below today's level on 21% of 2,455 trading days over the last 10 years.
At or below today's level on 25% of 1,978 trading days since Nov 2018.
At or below today's level on 12% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −10.7% | +22.2% | −27.1% | 0.1% |
| 3 years | +21.3% | +24.1% | −2.3% | 0.2% |
| 5 years | +19.6% | +27.3% | −6.2% | 0.2% |
Mutual fund holdings
329 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 106 of the 157 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 329 funds holding Cholamandalam Investment and Finance Company
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 14
- AddedAdded. Funds that held more shares than at the end of the month before.
- 103
- CutCut. Funds that held fewer shares than at the end of the month before.
- 54
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 153
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
| 66,00,000 | 2.04% | ₹1,069.2 Cr | |
| 52,39,720 | 2.28% | ₹848.8 Cr | |
| 43,93,577 | 1.07% | ₹711.8 Cr | |
| 42,10,411 | 2.25% | ₹682.1 Cr | |
| 40,73,125 | 0.88% | ₹659.8 Cr | |
| 36,37,178 | 1.45% | ₹589.2 Cr | |
| 35,95,016 | 1.99% | ₹582.4 Cr | |
| 33,23,446 | 5.14% | ₹538.4 Cr | |
| 31,60,951 | 0.71% | ₹512.1 Cr | |
| 29,30,518 | 2.44% | ₹474.7 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Cholamandalam Investment and Finance Company insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 14 pledge filings of unclear kind
- Others: no market trade · 131 pledge filings of unclear kind
Cholamandalam Investment and Finance Company competitors and peers
Non Banking Financial Company (NBFC), 279 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Cholamandalam Investment and Finance Company in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 5,71,076 | 26.32 | 4.64 | +18.8% | +18.5% | 19.2% | – | 3.77% | 9.08% | 0.65% | |
| 1,95,903 | 15.44 | 1.76 | +13.8% | +28.6% | 14.7% | – | 3.26% | 9.00% | 1.30% | |
| 1,31,294 | 22.01 | 2.68 | – | – | 14.0% | – | – | – | 0.18% | |
| 96,059 | 8.45 | 2.45 | +50.7% | +84.8% | 33.2% | – | 6.46% | 12.81% | 1.25% | |
| 50,204 | 19.25 | 2.92 | +5.8% | +36.0% | 16.3% | – | 3.29% | 11.24% | 0.47% | |
| 43,599 | 19.64 | 2.93 | +13.7% | +15.6% | 15.8% | – | 2.56% | 4.60% | 1.02% | |
| 42,683 | 22.48 | 1.38 | – | – | 6.5% | – | – | – | 0.61% | |
| 41,956 | 20.03 | 2.85 | −34.5% | −48.8% | 14.2% | 13.3% | – | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Cholamandalam Investment and Finance Company dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 21 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.70 |
| 5 Feb 2026 | Interim | ₹1.30 |
| 24 Jul 2025 | Final | ₹0.70 |
| 7 Feb 2025 | Interim | ₹1.30 |
| 19 Jul 2024 | Final | ₹0.70 |
| 7 Feb 2024 | Interim | ₹1.30 |
Latest announcements
Routine notices left out.Cholamandalam Investment and Finance Company announcements
Oct 2026
28 Oct · Results
22 Oct · Analysts
Sep 2026
30 Sep · Disclosure
Cholamandalam Investment and Finance Company annual report, year to Mar 2026
Cholamandalam Investment and Finance Company share price by year
Each calendar year to 2025.Cholamandalam Investment and Finance Company share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,702.20 | +43.5% | 1,754.40 | 1,175.35 |
| 2024 | 1,185.95 | −5.9% | 1,641.75 | 1,019.60 |
| 2023 | 1,259.80 | +74.3% | 1,259.80 | 665.95 |
| 2022 | 722.90 | +38.9% | 802.20 | 537.25 |
| 2021 | 520.40 | +34.2% | 662.40 | 397.85 |
| 2020 | 387.65 | +26.9% | 388.70 | 122.10 |
| 2019 | 305.50 | +21.3% | 329.85 | 221.82 |
| 2018 | 251.94 | −3.1% | 348.29 | 211.07 |
| 2017 | 259.91 | +37.3% | 261.11 | 183.07 |
| 2016 | 189.32 | +47.5% | 245.63 | 118.99 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 1,454.00 | 1,475.00 | 1,446.80 | 1,469.00 | 1,462.92 | 17,26,694 | 63.8% |
| 26 Oct 2026 | 1,439.10 | 1,457.60 | 1,415.00 | 1,447.90 | 1,443.08 | 17,27,307 | 51.8% |
| 23 Oct 2026 | 1,500.00 | 1,500.30 | 1,450.00 | 1,463.80 | 1,470.27 | 32,39,307 | 56.0% |
| 22 Oct 2026 | 1,520.00 | 1,536.10 | 1,487.60 | 1,530.90 | 1,516.36 | 11,51,577 | 60.2% |
| 21 Oct 2026 | 1,565.30 | 1,565.30 | 1,508.60 | 1,529.90 | 1,525.26 | 22,80,725 | 64.0% |
| 19 Oct 2026 | 1,574.40 | 1,590.30 | 1,548.10 | 1,553.00 | 1,567.00 | 5,73,647 | 56.2% |
| 16 Oct 2026 | 1,587.20 | 1,591.50 | 1,562.90 | 1,574.40 | 1,575.50 | 10,13,776 | 54.9% |
| 15 Oct 2026 | 1,563.00 | 1,597.90 | 1,544.30 | 1,586.00 | 1,583.48 | 17,28,210 | 61.6% |
| 14 Oct 2026 | 1,610.70 | 1,612.90 | 1,552.50 | 1,563.00 | 1,567.84 | 26,08,343 | 63.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 23 Mar 2020 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 14 Jun 2019 | Split | 0.2000 | Each share became 5. |
| 11 Sep 2007 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Company details
- NSE symbol
- CHOLAFIN
- BSE code
- 511243
- ISIN
- INE121A01024
- Industry
- Finance
- Former symbols
- CHOLADBS, CHOLAINV
- Website
- www.cholafinance.com
- CIN
- L65993TN1978PLC007576
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1978
- Registered office
- Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai 600032, Tamil Nadu
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments