Company Valuation: Cholamandalam Investment and Finance Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 589,754 626,066 971,508 1,278,412 1,153,531 1,373,269 - -
Change - 6.16% 55.18% 31.59% -9.77% 19.05% - -
Enterprise Value (EV) 1 589,754 1,570,012 2,273,042 2,933,867 3,116,082 3,733,266 4,269,759 4,947,333
Change - 166.21% 44.78% 29.07% 6.21% 19.81% 14.37% 15.87%
P/E 27.5x 23.5x 28.1x 30.1x 21.9x 20.4x 16.6x 13.5x
PBR 5.04x 4.38x 4.97x 5.41x 3.8x 3.73x 3.06x 2.49x
PEG - 1x 1x 1.3x 1x 0.7x 0.7x 0.6x
Capitalization / Revenue 10.1x 8.66x 9.73x 9.42x 6.76x 6.58x 5.45x 4.54x
EV / Revenue 10.1x 21.7x 22.8x 21.6x 18.3x 17.9x 17x 16.3x
EV / EBITDA 21.1x 46.5x 54x 54.1x 46x 42.4x 39.3x 37.6x
EV / EBIT 15.6x 123x 38.5x 35.6x 29.7x 28.9x 27.2x 26x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2 2 2 2 2 2.859 3.225 3.982
Rate of return 0.28% 0.26% 0.17% 0.13% 0.15% 0.18% 0.2% 0.25%
EPS 2 26.11 32.4 41.09 50.55 61.68 78.79 96.9 118.8
Distribution rate 7.66% 6.17% 4.87% 3.96% 3.24% 3.63% 3.33% 3.35%
Net sales 1 58,400 72,292 99,857 135,699 170,706 208,721 251,777 302,693
EBITDA 1 28,005 33,788 42,110 54,277 67,789 88,056 108,509 131,559
EBIT 1 37,712 12,731 59,039 82,311 104,965 129,136 156,802 190,159
Net income 1 21,467 26,662 34,228 42,585 52,196 67,861 83,070 102,041
Net Debt 1 - 943,946 1,301,534 1,655,454 1,962,552 2,359,997 2,896,490 3,574,064
Reference price 2 718.30 761.60 1,156.60 1,519.55 1,353.85 1,608.00 1,608.00 1,608.00
Nbr of stocks (in thousands) 821,041 822,040 839,969 841,310 852,037 854,023 - -
Announcement Date 5/5/22 5/3/23 4/30/24 4/25/25 4/30/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.13x - - 1.25% 204B
11.8x2.37x3.88x1.66% 119B
34.96x4.89x16.75x-.--% 33.13B
22.68x4.95x24.52x0.08% 28.81B
7.6x1.81x3.41x1.78% 23.35B
15.8x11.33x21.25x1.26% 23.08B
26.6x3.54x10.63x-.--% 20.37B
20.07x17.78x42.15x0.18% 14.06B
7.89x1.49x1.65x3.19% 11.42B
Average 18.28x 6.02x 15.53x 1.05% 53.13B
Weighted average by Cap. 17.11x 4.49x 11.41x 1.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 511243 Stock
  4. CHOLAFIN Stock
  5. Valuation Cholamandalam Investment and Finance Company Limited