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Cholamandalam Financial Holdings
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Cholamandalam Financial Holdings Limited (Formerly TI Financial Holdings Limited) incorporated in 1949, is a part of the Murugappa Group, one of the most diversified business conglomerates of India. The Company offers a diverse range of financial products and risk management services to individual and corporate customers through its group companies.
The Company started their business in year 1955 for manufacturing tubes. In the year 1959, Tube Products of India Ltd merged with the company and the name was changed to Tube Investments of India Ltd.
In the year 1960, the company started TI Diamond Chain in collaboration with Diamond Chain Co, USA as a backward integration to the company. In the year 1962, they started Cold Rolling Mills for the production of CR Strips at Avadi in Tamil Nadu. In the year 1982, they forayed into metal forming for the automobile industry through a new factory at Avadi.
In the year 1998, the company set up a new facility at Bawal in Haryana for producing car doorframes for Maruti 800. Also, they set a facility for producing doorframes for Hyundai Santro at Nemilicherry. In the year 1999, the company acquired Tube Plant at Mohali. In the year 2001, the company set a cycle manufacturing plant at Nashik in Maharashtra.
During the year 2002-03, the company made investment of Rs 76.30 crore towards the equity capital of Cholamandalam General Insurance Company Ltd. Consequently, Cholamandalam General Insurance Company Ltd became a subsidiary of the company with effect from July 5, 2002. Also, the company entered into a shareholders agreement with Mitsui Sumitomo Insurance Company Ltd of Japan for the operations of the insurance venture.
During the year 2003-04, the company commissioned a cycle assembly plant at Noida. They established a new plant in Halol, Gujarat, for the supply of doorframes to General Motors. In January 2004, they established a SKD unit in Durgapur. In March 2004, TI Diamond Chain Ltd, a company engaged in the manufacture of automotive, industrial and agriculture chains became a subsidiary company.
During the 2004-05, TIDC India Ltd, a subsidiary company transfered all their assets, liabilities and business to the company as a going concern with effect from April 1, 2004. During the year 2006-07, the company incorporated a wholly foreign-owned enterprise namely, Tubular Precision Products (Suzhou) Co Ltd in China for the manufacture of precision steel tubes. They also launched the BSA range of fitness equipment during the year under the brand 'BSA Workout'.
During the year 2007-08, the company launched a new range of high-end bikes and fitness products in select markets. Also, they commenced commercial production at their tube manufacturing company in China. During the year, the company was chosen as the sole supplier of doorframes for the Nano cars of Tata Motors Ltd.
In June 2008, the company inaugurated their new electric scooter plant with an investment of Rs 200 million. In September 2008, they divested their entire equity holding of 26% in BorgWarner Morse Tec Murugappa P Ltd for a value of Rs 20.40 crore in favour of their joint venture partner BorgWarner Morse Tec Inc, USA.
In November 2008, BSA Motors, a strategic business unit of the company, launched five models of e-scooters in Chennai. The new models Smile, Street rider, Diva, Roamer and Roamer plus are powered by 250, 500 and 800 watts motors.
In FY 2010, the company acquired majority stake in Sedis Group of companies in France. Further, it acquired 77.13% of equity capital of Financiere, which is the holding company for all Sedis group of companies. During the year, TICI Motors (Wuxi) Company Ltd was incorporated in China as a wholly owned subsidiary to facilitate the operations of the e-scooters & bicycles business.
During FY 2014, the company had entered into an agreement with Tsubamex Co. Limited, Japan to form a 50:50 joint venture company in India by name, TI Tsubamex Private Limited, to engage in the business of design and engineering of sheet metal dies & fixtures and providing related services. The company and Tsubamex invested Rs.2 Cr. each towards their respective initial subscription in the joint venture company, which was incorporated on 3rd January 2014.
During FY 2015-16, the Company disinvested part of its shareholding in its subsidiary, M/s. Cholamandalam MS General Insurance Co Ltd. (CMSGICL), to the joint venture partner, M/s. Mitsui Sumitomo Insurance Co Ltd., Japan (MS), which yielded a profit of Rs. 821 Cr. The company sold 4,18,32,798 equity shares of face value Rs. 10/- each representing 14% shareholding in CMSGICL to MS for an aggregate consideration of Rs. 882.67 Cr. Consequent to this, the company's shareholding in CMSGICL reduced from about 74% to 60% and MS' shareholding has gone up from 26% to 40%. The Company continues to hold 17,92,82,861 equity shares, aggregating about 60% in CMSGICL's equity capital.
Pursuant to a Scheme of Arrangement effective from August 1, 2017 , the manufacturing business undertaking of the Company vested in/ transferred to Tube Investments of India Limited (the Resulting Company) and as a result of this scheme, the name of Company changed from 'TI Financial Holdings Limited' to 'Cholamandalam Financial Holdings Limited' effective from March 27, 2019.
In 2022, Company acquired Payswiff Technologies Private Limited. It launched new businesses like Consumer & Small Enterprise Loan (CSEL) and Secured Business & Personal Loan (SBPL) along with Small and Medium Enterprise Loans business.
The Company increased its footprint from 22 branches to 34 branches as on March 31, 2023.
Cholamandalam Financial Holdings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Cholamandalam Financial Holdings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Cholamandalam Financial Holdings is valued compared to its competitors.
Cholamandalam Financial Holdings PE ratio helps investors understand what is the market value of each stock compared to Cholamandalam Financial Holdings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Cholamandalam Financial Holdings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Cholamandalam Financial Holdings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Cholamandalam Financial Holdings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Cholamandalam Financial Holdings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Cholamandalam Financial Holdings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Cholamandalam Financial Holdings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Cholamandalam Financial Holdings helps investors get an insight into when they can enter or exit the stock. Key components of Cholamandalam Financial Holdings Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Cholamandalam Financial Holdings shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Cholamandalam Financial Holdings ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Cholamandalam Financial Holdings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Cholamandalam Financial Holdings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Cholamandalam Financial Holdings .
The balance sheet presents a snapshot of Cholamandalam Financial Holdings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Cholamandalam Financial Holdings Net Interest Margin (NIM) tells about the profitability earned by all NBFCs and financial institutions. It represents the income generated by the bank from the difference between the interest earned on loans and the interest paid on public deposits. Net Interest Margin (NIM) is a metric that monitors the profitability generated from a bank's lending activities.
Non-Performing Assets (NPA) indicate the ratio of a bank's loans that are classified as non-performing. A lower NPA ratio reflects stronger asset quality and more effective risk management.
Capital Adequacy Ratio (CAR) is a metric to measure the bank's ability to absorb losses and still remain financially stable. A higher CAR shows that the bank is financially sound and can absorb potential losses.
Gross NPA is the percentage of total non-performing loans before provisioning, while net NPA is the percentage after provisioning. Lower gross and net NPA ratios indicate better loan quality.
Net NPA is the actual losses a bank has incurred due to NPA accounts. Lower the NPA, better the banks can maintain stable income from interest on loans.
CASA ratio tells how much of a bank's total deposits are in both current and savings accounts.
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