Cholamandalam Financial Holdings Limited

NSEI:CHOLAHLDNG Stock Report

Market Cap: ₹355.4b

Cholamandalam Financial Holdings Valuation

Is CHOLAHLDNG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CHOLAHLDNG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

₹612.43
Fair Value
204.8% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: CHOLAHLDNG (₹1866.5) is trading above our estimate of fair value (₹612.43)

Significantly Below Fair Value: CHOLAHLDNG is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHOLAHLDNG?

Key metric: As CHOLAHLDNG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CHOLAHLDNG. This is calculated by dividing CHOLAHLDNG's market cap by their current earnings.
What is CHOLAHLDNG's PE Ratio?
PE Ratio15.9x
Earnings₹22.04b
Market Cap₹355.35b

Price to Earnings Ratio vs Peers

How does CHOLAHLDNG's PE Ratio compare to its peers?

The above table shows the PE ratio for CHOLAHLDNG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45.1x
M&MFIN Mahindra & Mahindra Financial Services
18.2x14.68%₹407.5b
SUNDARMFIN Sundaram Finance
26x8.68%₹498.9b
531213 Manappuram Finance
30.1x40.17%₹242.8b
CREDITACC CreditAccess Grameen
106.3x36.12%₹222.6b
CHOLAHLDNG Cholamandalam Financial Holdings
15.9xn/a₹355.4b

Price-To-Earnings vs Peers: CHOLAHLDNG is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (45.1x).

Price to Earnings Ratio vs Industry

How does CHOLAHLDNG's PE Ratio compare vs other companies in the IN Consumer Finance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
523384 Maha Rashtra Apex
3.2xn/aUS$15.73m
511700 Standard Capital Markets
3.1xn/aUS$14.25m
507938 Manipal Finance
1.2xn/aUS$953.00k
No more companies available in this PE range
CHOLAHLDNG 15.9xIndustry Avg. 26.0xNo. of Companies9PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CHOLAHLDNG is good value based on its Price-To-Earnings Ratio (15.9x) compared to the Indian Consumer Finance industry average (26x).

Price to Earnings Ratio vs Fair Ratio

What is CHOLAHLDNG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHOLAHLDNG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CHOLAHLDNG's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CHOLAHLDNG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,866.50
₹1,952.50
+4.61%
13.28%₹2,200.00₹1,550.00n/a4
Oct ’26₹1,907.60
₹1,952.50
+2.35%
13.28%₹2,200.00₹1,550.00n/a4
Sep ’26₹1,755.80
₹1,952.50
+11.20%
13.28%₹2,200.00₹1,550.00n/a4
Aug ’26₹1,828.40
₹1,991.25
+8.91%
16.39%₹2,340.00₹1,500.00n/a4
Jul ’26₹2,112.00
₹1,916.25
-9.27%
19.32%₹2,340.00₹1,500.00n/a4
Jun ’26₹1,866.20
₹1,916.25
+2.68%
19.32%₹2,340.00₹1,500.00n/a4
May ’26₹1,864.10
₹1,787.50
-4.11%
13.45%₹2,040.00₹1,500.00n/a4
Apr ’26₹1,711.40
₹1,880.00
+9.85%
15.09%₹2,250.00₹1,500.00n/a5
Mar ’26₹1,641.90
₹1,880.00
+14.50%
15.09%₹2,250.00₹1,500.00n/a5
Feb ’26₹1,520.75
₹1,820.00
+19.68%
14.39%₹2,250.00₹1,500.00n/a5
Jan ’26₹1,399.40
₹1,750.00
+25.05%
10.17%₹1,900.00₹1,500.00n/a3
Dec ’25₹1,631.80
₹1,750.00
+7.24%
10.17%₹1,900.00₹1,500.00n/a3
Nov ’25₹1,745.35
₹1,681.67
-3.65%
9.68%₹1,895.00₹1,500.00n/a3
Oct ’25₹2,100.15
₹1,681.67
-19.93%
9.68%₹1,895.00₹1,500.00₹1,907.603
Sep ’25₹1,602.00
₹1,681.67
+4.97%
9.68%₹1,895.00₹1,500.00₹1,755.803
Aug ’25₹1,547.55
₹1,450.00
-6.30%
5.27%₹1,555.00₹1,375.00₹1,828.403
Jul ’25₹1,609.30
₹1,450.00
-9.90%
5.27%₹1,555.00₹1,375.00₹2,112.003
Jun ’25₹1,084.50
₹1,441.67
+32.93%
5.90%₹1,555.00₹1,350.00₹1,866.203
May ’25₹1,076.80
₹1,358.33
+26.15%
3.78%₹1,425.00₹1,300.00₹1,864.103
Apr ’25₹1,142.15
₹1,358.33
+18.93%
3.78%₹1,425.00₹1,300.00₹1,711.403
Mar ’25₹1,076.95
₹1,358.33
+26.13%
3.78%₹1,425.00₹1,300.00₹1,641.903
Feb ’25₹1,174.75
₹1,151.67
-1.96%
25.06%₹1,415.00₹750.00₹1,520.753
Jan ’25₹1,019.65
₹1,151.67
+12.95%
25.06%₹1,415.00₹750.00₹1,399.403
Dec ’24₹1,028.30
₹1,151.67
+12.00%
25.06%₹1,415.00₹750.00₹1,631.803
Nov ’24₹1,108.80
₹1,013.33
-8.61%
20.23%₹1,250.00₹750.00₹1,745.353
Oct ’24₹1,160.45
₹1,013.33
-12.68%
20.23%₹1,250.00₹750.00₹2,100.153
₹1.95k
Fair Value
4.4% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 11:30
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cholamandalam Financial Holdings Limited is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuvraj ChoudharyAnand Rathi Shares and Stock Brokers Limited
Sanketh GodhaAvendus Spark
Vijayaraghavan SwaminathanAvendus Spark