Loading…
Murugappa Group NBFC financing vehicles, home loans and SME/consumer credit across India.
Murugappa Group NBFC financing vehicles, home loans and SME/consumer credit across India.
Earns the gap between its borrowing cost and loan yields, mostly on loans to buy trucks, cars and tractors, many to customers with irregular incomes whom banks may not lend to, so credit losses matter more than for a bank. It does not take deposits and funds itself from banks and bonds. The Murugappa Group is the promoter.
In one line: An India NBFC blending auto and home-equity lending.
Moat: narrow (distribution, brand, data). Murugappa Group brand trust plus a wide branch network in vehicle-finance hubs.
Headquarters: Chennai, India · Founded: 1978 · Employees: 73,689
Size Cholamandalam Investment and Finance (CHOLAFIN.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $16.2B, the 62nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,785 on 6 Nov 2026.
Performance Over six months the shares gained 5.7%, against -2.3% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 20.7% over the last twelve months (peer median +11.7%); the operating margin is 34.0% (peer median 24.0%).
Valuation It trades at 4.43× book value against a peer median of 1.65× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 67.7%; Cholamandalam Investment and Finance delivers 20.6%, so the price asks more than the business earns today.
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹349B | ₹311B | ₹259B | ₹192B | ₹129B |
| Revenue growth | — | +20% | +35% | +49% | — |
| Gross profit | ₹189B | ₹303B | ₹251B | ₹186B | ₹128B |
| EBITDA | ₹122B | ₹253B | ₹211B | ₹154B | ₹104B |
| Net income | ₹62.2B | ₹52.3B | ₹42.6B | ₹34.2B | ₹26.6B |
| Free cash flow | n/a | ₹148B | ₹94.6B | ₹42.1B | ₹42.2B |
| Capital expenditure | n/a | ₹2.65B | ₹2.00B | ₹10.8B | ₹1.89B |
| Total debt | ₹2.32T | ₹2.12T | ₹1.76T | ₹1.35T | ₹975B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Cholamandalam Investment and Finance CHOLAFIN.NS | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% |
| Shriram Finance SHRIRAMFIN.NS | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% |
| Bajaj Finance BAJFINANCE.NS | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% |
| Mahindra & Mahindra Financial Services M&MFIN.NS | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% |
| HDB Financial Services HDBFS.NS | $4.71B | -24% | +11% | 14% | 2.01× | 30.2% |
| LIC Housing Finance LICHSGFIN.NS | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CHOLAFIN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.1% | +1.2% | 3rd highest of 21 |
| 6-month return | +5.7% | -2.3% | 8th highest of 21 |
| Return on equity | 20.6% | 14.0% | 5th highest of 21 |
| Price / book | 4.43× | 1.65× | 2nd most expensive of 21 |
| Trailing P/E | 24.5× | 11.0× | 5th most expensive of 21 |
| ROE the price implies | 67.7% | 15.9% | 2nd most demanding of 21 |
| ROE delivered | 20.6% | 13.9% | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Cholamandalam Investment and Finance CHOLAFIN.NS | India | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% | 20.6% |
| Tata Capital TATACAP.NS | India | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% | 14.0% |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS KSPI | United States | $17.7B | +7% | +39% | 45% | 3.15× | 13.6% | 45.4% |
| SOFI SOFI | United States | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% | 7.4% |
| One 97 Communications PAYTM.NS | India | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% | 5.4% |
| Muthoot Finance MUTHOOTFIN.NS | India | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% | 31.8% |
| Mitsubishi HC Capital 8593.T | Japan | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% | 7.2% |
| Power Finance PFC.NS | India | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% | n/a |
| Ally Financial ALLY | United States | $11.5B | -14% | +5% | 10% | 0.88× | 9.8% | 9.9% |
| Synchrony Financial SYF | United States | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% | 19.8% |
| Affirm AFRM | United States | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% | 45.1% |
| Indian Railway Finance IRFC.NS | India | $11.1B | -25% | +13% | 13% | 1.74× | 28.2% | 12.6% |
| Shriram Finance SHRIRAMFIN.NS | India | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% | 14.7% |
| Global Payments GPN | United States | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% | 2.2% |
| AerCap AER | United States | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% | 17.0% |
| Ayvens AYV.PA | France | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% | 9.2% |
| REC RECLTD.NS | India | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% | 17.0% |
| FirstCash FCFS | United States | $7.96B | -18% | +23% | 18% | 3.50× | 19.9% | 18.2% |
| Tokyo Century 8439.T | Japan | $7.50B | +12% | +8% | 12% | 1.01× | 7.7% | 11.6% |
| L&T Finance LTF.NS | India | $7.36B | -9% | +17% | 12% | 2.38× | 45.8% | 12.3% |
| Orix 8591.T | Japan | $35.7B | +2% | +17% | 14% | 1.26× | 12.4% | 13.9% |