PI Global Investments

Cholamandalam Investment stocks: Buy Cholamandalam Investment & Finance Company, target price Rs 765: JM Financial

has buy call on Cholamandalam Investment & Finance Company with a target price of Rs 765. The current market price of & Finance Company Ltd. is Rs 720.1.

Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 59036.88 Crore) operating in NBFC sector.

Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Sale of services and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.


For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3067.02 Crore, up 9.70 % from last quarter Total Income of Rs 2795.91 Crore and up 22.84 % from last year same quarter Total Income of Rs 2496.71 Crore. Company reported net profit after tax of Rs 566.28 Crore in latest quarter.

The company’s top management includes Mr.Vellayan Subbiah, Mr.Ravindra Kumar Kundu, Mr.M A M Arunachalam, Mr.Ashok Kumar Barat, Mr.N Ramesh Rajan, Mr.Rohan Verma, Ms.Bhama Krishnamurthy, Mr.Anand Kumar, Mr.Bharath Vasudevan. Company has Price Waterhouse LLP as its auditors. As on 30-06-2022, the company has a total of 82 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.22 per cent, DIIs 20.15 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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