Cholamandalam Financial Holdings Limited (CHOLAHLDNG) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Cholamandalam Financial Holdings Limited stock ₹1,690, price ₹1,424, upside +18.7%, quality 54 out of 100. Rating: undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹511.75 – ₹2,167 · fair‑value band ₹884.07 – ₹2,113 · the ₹1,424 price screens below the ₹1,690 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Cholamandalam Financial Holdings Limited, an investment company, provides financial services in India. It operates through Financial Services, and Insurance and Allied Services segments.
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The company offers vehicle finance, loans against property, home loans, secured business and personal loans, consumer and small enterprises loans, and small and medium enterprise loans, as well as various other financial services to customers; and general insurance services, including health, home, motor, and travel insurance.
It serves first time borrowers, new to credit customers, and individuals, as well as corporates, small, micro, medium enterprises. The company was formerly known as TI Financial Holdings Limited and changed its name to Cholamandalam Financial Holdings Limited in March 2019.
Cholamandalam Financial Holdings Limited was incorporated in 1949 and is based in Chennai, India.
Stock analysis
Cholamandalam Financial Holdings Limited (CHOLAHLDNG) currently trades at ₹1,424, while our model-based Fair Value estimate is ₹1,690, implying the stock looks roughly 16% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹4,576 per share, and 3 of the 8 models we run sit above the ₹1,424 price.
Bear case: the Asset-Based group reads lowest at ₹544.16, and 5 of the 8 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹884.07 (bear) to ₹2,113 (bull), the price of ₹1,424 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cholamandalam Financial Holdings Limited reported revenue of ₹396B in FY2026 versus ₹156B in FY2022, a compound +26.1%/yr. Reported net income was ₹24.4B in FY2026, compounding +24.3%/yr from FY2022.
Key figures
Market cap ₹267B (≈ $2.8B) Mid · P/E ratio 9.7 · P/S ratio 1.19 · EPS (TTM) ₹147.05 · Dividend yield 0.1% · Net margin 11.9% · Return on equity 18.0% · Return on assets (EBIT) 3.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −1% fair-value upside, at 19%, CHOLAHLDNG screens cheaper than that median.
Fair Value models
Bear₹884.07Fair Value ₹1,690Bull₹2,113
Price ₹1,424 · Upside +18.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹89.85 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+13.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.3%
Start year 2021 (pandemic). Over 10 years: +17.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+24.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.2%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24.2% vs 18.3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 17%
Compare Cholamandalam Financial Holdings Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 325 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+18.7% · Above median
Profitability
Return on equity (12 months)18.0% · Top 25%
Return on assets2.0% · Below median
Net margin (12 months)26.7% · Above median
Operating margin (12 months)38.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)13.9% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity13.61× · Highest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (12 months)9.7× · Cheaper than median
P/B1.73× · Pricier than median
P/S (12 months)2.68× · Pricier than median
Price / free cash flow (fiscal year)3.9× · Cheaper than median
EV/EBITDA66.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)58· sector 48
FUTURE (revenue growth)70· sector 55
PAST (return on equity)72· sector 34
HEALTH (low debt)–
DIVIDEND (yield)2· sector 63
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Cholamandalam Financial Holdings Limited (CHOLAHLDNG) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹1,690 versus a price of ₹1,424, about +19% upside (undervalued).
What is the fair value of CHOLAHLDNG?
Our model-based fair value for Cholamandalam Financial Holdings Limited is ₹1,690 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹1,424.
What is the quality score of CHOLAHLDNG?
Cholamandalam Financial Holdings Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Our model-based price target is the fair value of ₹1,690 (as of Nov 10, 2026) from 13 valuation models. Cautious scenario ₹884.07, optimistic scenario ₹2,113. It is a calculation from audited fundamentals, not an analyst target.
What is the Cholamandalam Financial Holdings Limited stock forecast for 2026?
Our models put fair value at ₹1,690, about +19% upside versus a price of ₹1,424 (undervalued). Cautious scenario ₹884.07, optimistic scenario ₹2,113. The calculation is refreshed regularly with new filings.
What is the revenue of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Cholamandalam Financial Holdings Limited reported trailing-twelve-month revenue of about ₹225B (latest available figure, as of Nov 10, 2026).
Does Cholamandalam Financial Holdings Limited pay a dividend?
Cholamandalam Financial Holdings Limited currently shows a dividend yield of 0.09% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Cholamandalam Financial Holdings Limited (CHOLAHLDNG) and when is the ex-dividend date?
Cholamandalam Financial Holdings Limited pays a dividend of ₹1.30 per share a year, a dividend yield of 0.1%. The last ex-dividend date was Aug 7, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 0.9% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cholamandalam Financial Holdings Limited it is ₹1,690 per share (as of Nov 10, 2026), against a price of ₹1,424. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Cholamandalam Financial Holdings Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, CHOLAHLDNG trades below its calculated fair value: price ₹1,424, fair value ₹1,690, a gap of about +19% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CHOLAHLDNG?
No. The price is what the market pays today (₹1,424); the fair value is what the company's own numbers justify (₹1,690). For Cholamandalam Financial Holdings Limited the two are ₹265.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cholamandalam Financial Holdings Limited worth?
The market values Cholamandalam Financial Holdings Limited at about ₹267B (market capitalisation, as of Nov 10, 2026). Per share that is ₹1,424; our models calculate a fair value of ₹1,690 per share.
What do the bullish and bearish scenarios say about CHOLAHLDNG?
Our models span a range for Cholamandalam Financial Holdings Limited: cautious scenario ₹884.07, base ₹1,690, optimistic ₹2,113 per share (as of Nov 10, 2026, price ₹1,424). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHOLAHLDNG?
Cholamandalam Financial Holdings Limited trades at a price-to-earnings ratio of 9.7 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,690 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 12.6. Other multiples: P/B 1.7, P/S 2.7, EV/EBITDA 66.5.
How solid is the balance sheet of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Balance-sheet figures for Cholamandalam Financial Holdings Limited (as of Nov 10, 2026): return on equity 18.0%, debt of 13.61 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is CHOLAHLDNG from its 52-week high?
Cholamandalam Financial Holdings Limited trades at ₹1,424, about 28% below its 52-week high of ₹1,983 and 14% above the low of ₹1,254 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,690 is for.
Which stocks are comparable to Cholamandalam Financial Holdings Limited?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cholamandalam Financial Holdings Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹1,424, calculated fair value ₹1,690 (+19%), Quality Score 54/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CHOLAHLDNG calculated?
We run Cholamandalam Financial Holdings Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹1,690 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Cholamandalam Financial Holdings Limited currently trades 16% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The closing price on Nov 9, 2026 was ₹1,424. Our model-based fair value is ₹1,690, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cholamandalam Financial Holdings Limited right now?
A fairly wide model range (₹884.07 to ₹2,113) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Cholamandalam Financial Holdings Limited (CHOLAHLDNG) come from?
Earnings per share at Cholamandalam Financial Holdings Limited grew +11.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +15.5 %, EBIT margin −1.6 %, tax rate −1.9 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cholamandalam Financial Holdings Limited
How large is the market capitalisation of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The market capitalisation of Cholamandalam Financial Holdings Limited is ₹267B (≈ $2.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The price-to-sales ratio of Cholamandalam Financial Holdings Limited is 1.19 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Earnings per share at Cholamandalam Financial Holdings Limited are ₹147.05 (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The dividend yield of Cholamandalam Financial Holdings Limited is 0.1% (payout 0.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The net margin of Cholamandalam Financial Holdings Limited is 11.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The return on equity (ROE) of Cholamandalam Financial Holdings Limited is 18.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
On an EBIT basis the return on assets of Cholamandalam Financial Holdings Limited is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
The operating margin of Cholamandalam Financial Holdings Limited is 38.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Revenue at Cholamandalam Financial Holdings Limited is growing +13.9% versus a year earlier (3y avg +26.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cholamandalam Financial Holdings Limited (CHOLAHLDNG)?
Earnings per share at Cholamandalam Financial Holdings Limited are growing +39.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cholamandalam Financial Holdings Limited (CHOLAHLDNG) generate?
The free cash flow of Cholamandalam Financial Holdings Limited is ₹155B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Cholamandalam Financial Holdings Limited (CHOLAHLDNG) carry?
The net debt of Cholamandalam Financial Holdings Limited is ₹2.0T (fiscal year 2026, ≈ 13.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 10, 2026