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 1,436,467 - -
Change - 6.16% 55.18% 31.59% -9.77% 24.53% - -
Enterprise Value (EV) 1 589,754 1,570,012 2,273,042 2,933,867 3,116,082 3,796,464 4,332,957 5,010,530
Change - 166.21% 44.78% 29.07% 6.21% 21.83% 14.13% 15.64%
P/E 27.5x 23.5x 28.1x 30.1x 21.9x 21.3x 17.3x 14.1x
PBR 5.04x 4.38x 4.97x 5.41x 3.8x 3.89x 3.2x 2.6x
PEG - 1x 1x 1.3x 1x 0.8x 0.8x 0.6x
Capitalization / Revenue 10.1x 8.66x 9.73x 9.42x 6.76x 6.88x 5.7x 4.74x
EV / Revenue 10.1x 21.7x 22.8x 21.6x 18.3x 18.2x 17.2x 16.5x
EV / EBITDA 21.1x 46.5x 54x 54.1x 46x 42.9x 39.6x 37.6x
EV / EBIT 15.6x 123x 38.5x 35.6x 29.7x 29.4x 27.6x 26.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2 2 2 2 - 2.861 3.229 3.993
Rate of return 0.28% 0.26% 0.17% 0.13% - 0.17% 0.19% 0.24%
EPS 2 26.11 32.4 41.09 50.55 61.68 78.88 97.06 119
Distribution rate 7.66% 6.17% 4.87% 3.96% - 3.63% 3.33% 3.36%
Net sales 1 58,400 72,292 99,857 135,699 170,706 208,804 251,892 302,926
EBITDA 1 28,005 33,788 42,110 54,277 67,789 88,448 109,418 133,415
EBIT 1 37,712 12,731 59,039 82,311 104,965 129,238 156,836 190,159
Net income 1 21,467 26,662 34,228 42,585 52,196 67,962 83,110 102,041
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 1,682.00 1,682.00 1,682.00
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.($)
22.45x18.54x43.78x0.16% 15.78B
25.17x16.74x - 0.69% 67.71B
36.3x5x17.15x-.--% 34.4B
24.17x5.06x25.06x0.08% 30.82B
16.88x11.78x22.88x1.18% 24.74B
7.49x1.79x3.36x1.81% 22.99B
27.85x3.74x11.25x-.--% 21.38B
21.47x22.19x - 0.24% 15.41B
10.63x13.5x - 1.26% 11.97B
Average 21.38x 10.93x 20.58x 0.6% 27.25B
Weighted average by Cap. 23.23x 10.89x 19.57x 0.58%

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. CHOLAFIN Stock
  4. Valuation Cholamandalam Investment and Finance Company Limited