Sign in to fuzzto save your conversations, follow your research and come back anytime.
Cholamandalam Financial Holdings
SectorFinancial Services
Cholamandalam Financial Holdings Limited is a core investment company based in India. It holds investments in financial services and risk management companies, including Cholamandalam Investment and Finance Company Limited (CIFCL), Cholamandalam MS General Insurance Company Limited (CMSGICL), and Cholamandalam MS Risk Services Limited (CMSRSL). CIFCL is a non-banking finance company offering various lending services. CMSGICL provides general insurance products, and CMSRSL offers risk management and engineering solutions. The company was incorporated in 1949 and is part of the Murugappa Group. In 2022, it acquired Payswiff Technologies Private Limited and launched new loan businesses. As of March 31, 2023, the company had expanded to 34 branches.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Loan book expands steadily while insurance underwriting faces margin pressure.
Advances grew from ₹1,84,280 Cr in Q4 FY25 to ₹2,30,724 Cr in Q1 FY26, signaling robust loan book expansion.
Claims Ratio rose from 75.7% in Q4 FY25 to 85.6% in Q1 FY26, pressuring underwriting profitability.
Cash & Bank Balances expanded from ₹15,267 Cr in Q4 FY25 to ₹22,765 Cr in Q1 FY26, ensuring ample liquidity buffers.
Combined Ratio (COR) increased from 114.8% in Q1 FY26 to 120.4% in Q1 FY27, signaling deteriorating loss and expense control.
Capital Reserves and Surplus grew from ₹23,937 Cr in Q4 FY25 to ₹33,739 Cr in Q1 FY26, highlighting strong retained earnings.
Gross NPA climbed from 3.97% in Q4 FY25 to 4.50% in Q1 FY26, indicating persistent asset quality stress.
Book Value per Share increased from ₹103.9 in Q1 FY26 to ₹114.3 in Q1 FY27, demonstrating consistent shareholder value creation.
Return on Net Worth declined from 4.9% in Q4 FY25 to 2.6% in Q1 FY26, reflecting margin compression.
Total Borrowings expanded from ₹1,74,946 Cr in Q4 FY25 to ₹2,20,247 Cr in Q1 FY26, funding aggressive asset growth.
Solvency Ratio eased from 2.17x in Q1 FY26 to 1.928x in Q1 FY27, approaching regulatory minimums.
Company insights, generated from the most recent coverage.
Volume at 37,722 shares was 74.99% below the 1-month average, so the fall reflects thin-book sentiment drift rather than institutional distribution.
Down 6.64% in a week, 9.61% in a month and 15.09% in three months, sitting near its 1-month low — the decline is a continuation of trend, not an isolated gap.
Stock fell 2.30% to ₹1,399.6 on Sep 25 as the IRDAI bancassurance selloff that hit the sector on Sep 24 carried into a second day.
