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 1,335,692 - -
Change - 6.16% 55.18% 31.59% -9.77% 15.79% - -
Enterprise Value (EV) 1 589,754 1,570,012 2,273,042 2,933,867 3,116,082 3,695,689 4,232,182 4,909,756
Change - 166.21% 44.78% 29.07% 6.21% 18.6% 14.52% 16.01%
P/E 27.5x 23.5x 28.1x 30.1x 21.9x 19.8x 16.2x 13.2x
PBR 5.04x 4.38x 4.97x 5.41x 3.8x 3.63x 2.98x 2.44x
PEG - 1x 1x 1.3x 1x 0.7x 0.7x 0.6x
Capitalization / Revenue 10.1x 8.66x 9.73x 9.42x 6.76x 6.4x 5.31x 4.41x
EV / Revenue 10.1x 21.7x 22.8x 21.6x 18.3x 17.7x 16.8x 16.2x
EV / EBITDA 21.1x 46.5x 54x 54.1x 46x 42x 39x 37.3x
EV / EBIT 15.6x 123x 38.5x 35.6x 29.7x 28.6x 27.1x 25.8x
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% 0.21% 0.25%
EPS 2 26.11 32.4 41.09 50.55 61.68 78.86 96.62 118.5
Distribution rate 7.66% 6.17% 4.87% 3.96% 3.24% 3.63% 3.34% 3.36%
Net sales 1 58,400 72,292 99,857 135,699 170,706 208,778 251,471 302,573
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 82,311 104,965 129,217 156,372 189,942
Net income 1 21,467 26,662 34,228 42,585 52,196 67,964 82,760 101,765
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 1,564.00 1,564.00 1,564.00
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.($)
19.83x17.7x41.97x0.18% 14.04B
17.3x - - 1.24% 207B
11.68x2.36x - 1.66% 119B
23.28x16.2x - 0.75% 62.53B
34.03x4.68x16.92x-.--% 29.82B
22.47x4.94x24.47x0.08% 28.92B
15.91x11.38x21.36x1.25% 23.51B
7.58x1.74x - 1.78% 23.34B
24.06x3.1x9.31x-.--% 18.37B
Average 19.57x 7.76x 22.81x 0.77% 58.56B
Weighted average by Cap. 17.78x 6.85x 21.58x 1.1%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cholamandalam Investment and Finance Company Limited

Historical PBR trend

Valuation ratios - PBR - Cholamandalam Investment and Finance Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cholamandalam Investment and Finance Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cholamandalam Investment and Finance Company Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cholamandalam Investment and Finance Company Limited
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