Cholamandalam Investment and Finance Company Limited (Chola) embarked on its journey as an equipment financing entity. Over the years, it has evolved into a holistic financial services provider, offering a diverse range of solutions including vehicle finance, home loans, SME loans, and more, reflecting its commitment to meeting the evolving needs of its customers. With a nationwide presence spanning 1309 branches and assets under management exceeding INR 1,41,143 Crore, Chola stands as a beacon of reliability and trust in the financial landscape of India. Its mission to empower customers towards a better life resonates through every facet of its operations, as evidenced by its growing clientele of over 33.1 lakh satisfied individuals across the country. Guided by a steadfast dedication to ethics and responsibility, Chola has remained unwavering in its commitment to its core values. These values serve as the cornerstone of its operations, fostering a culture of integrity and accountability towards customers, shareholders, employees, and society at large. In essence, Cholamandalam Investment and Finance Company Limited epitomizes the blend of tradition and innovation, embodying the essence of trust, reliability, and progress as it continues to chart new horizons in the realm of financial services, enriching lives and fostering prosperity every step of the way.
Cholamandalam Investment and Finance Company’s Q4 Net Profit Surges by 25% to Rs 1,065 Crore
- Cholamandalam Investment and Finance Company (CIFC) reported a 25% increase in net profit to Rs 1,065 crore for the March quarter compared to the same period last year.
- The rise in profitability was driven by strengthened core business operations.
- Total income surged to Rs 5,499 crore, marking a substantial increase from Rs 3,835 crore in the corresponding quarter of the previous year.
- Interest income grew significantly to Rs 4,938 crore, reflecting enhanced lending activities and interest-earning assets.
- Total expenses rose to Rs 4,071 crore, indicating increased operational costs.
- Despite higher expenses, CIFC maintained strong asset quality, with gross NPAs reducing to 3.54% and net NPAs declining to 2.32% of advances.
- The Provision Coverage Ratio improved to 35.18%, demonstrating prudent provisioning for potential credit losses.
- The board recommended a final dividend of 70 paise per share for the fiscal year ended March 2024, highlighting the company’s commitment to shareholder value enhancement.
Stock history of Cholamandalam Investment and Finance Company (NSE: CHOLAFIN)
Cholamandalam Investment and Finance Company (CIFC), tracing its roots back to 1978, has evolved into a cornerstone of India’s financial services sector. Initially established as an asset financing enterprise, CIFC embarked on a transformative journey that saw it diversify its offerings and expand its market presence. Since its public listing in 1993, CIFC has demonstrated resilience and adaptability, weathering market fluctuations and emerging as a multifaceted financial services provider.
The strategic decision to diversify CIFC’s portfolio in the early 2000s marked a significant turning point in its trajectory. Expanding beyond its original focus on asset financing, the company ventured into corporate finance, home loans, and a spectrum of other financial products. This strategic pivot not only broadened CIFC’s revenue streams but also fortified its position in the competitive financial landscape of India.
A pivotal aspect of CIFC’s success lies in its commitment to customer-centric principles and ethical business practices. With a mission to enhance the lives of its customers, CIFC has amassed a loyal clientele of over 33.1 lakh individuals nationwide. Throughout its growth journey, the company has remained steadfast in upholding its core values, centered on integrity, accountability, and social responsibility. This unwavering dedication to ethical conduct has fostered trust among stakeholders, including customers, shareholders, employees, and society at large.
Investors keen on assessing CIFC’s investment potential should conduct comprehensive due diligence, leveraging both quantitative and qualitative analysis. Delving into CIFC’s financial statements, market positioning, growth strategies, and competitive landscape offers insights into its resilience and growth prospects. Moreover, seeking guidance from financial experts can provide valuable perspectives on navigating market volatility and making informed investment decisions aligned with individual objectives and risk tolerance.
How to purchase Cholamandalam Investment and Finance Company (NSE: CHOLAFIN) shares?
Below are the trading platforms that you can use to purchase Cholamandalam Investment and Fin Co shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Cholamandalam Investment and Financial Company: 2024 to 2030
Share Price Target for CIFC in 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 1,363.05 | 1,185.26 |
| September 2024 | 1,417.58 | 1,232.67 |
| October 2024 | 1,389.78 | 1,208.50 |
| November 2024 | 1,445.37 | 1,256.85 |
| December 2024 | 1,459.83 | 1,269.41 |
In 2024, Cholamandalam Investment and Financial Company Ltd is projected to see its share prices fluctuate throughout the year. As we step into August 2024, the maximum price is expected to reach ₹1,363.05, with a minimum of ₹1,185.26. Moving towards the year’s end, by December 2024, the prices are likely to climb higher, with a maximum anticipated at ₹1,459.83 and a minimum at ₹1,269.41. T
Share Price Target for CIFC in 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,474.42 | 1,134.17 |
| February 2025 | 1,489.32 | 1,145.63 |
| March 2025 | 1,520.59 | 1,169.69 |
| April 2025 | 1,505.54 | 1,158.11 |
| May 2025 | 1,461.69 | 1,124.37 |
| June 2025 | 1,527.46 | 1,174.97 |
| July 2025 | 1,497.51 | 1,151.93 |
| August 2025 | 1,543.83 | 1,187.56 |
| September 2025 | 1,562.35 | 1,201.81 |
| October 2025 | 1,602.97 | 1,233.06 |
| November 2025 | 1,643.05 | 1,263.88 |
| December 2025 | 1,716.99 | 1,320.76 |
In 2025, Cholamandalam Investment and Financial Company Ltd is expected to experience a range of price movements throughout the year. As we step into January 2025, the maximum price of the shares is anticipated to reach ₹1,474.42, with a minimum of ₹1,134.17. Moving forward, the prices are likely to see gradual increases, with the maximum price expected to rise to ₹1,716.99 and the minimum to ₹1,320.76 by December 2025.
Share Price Target for CIFC in 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,768.50 | 1,360.38 |
| February 2026 | 1,724.28 | 1,326.37 |
| March 2026 | 1,758.77 | 1,352.90 |
| April 2026 | 1,794.66 | 1,380.51 |
| May 2026 | 1,776.89 | 1,366.84 |
| June 2026 | 1,821.32 | 1,401.01 |
| July 2026 | 1,785.60 | 1,373.54 |
| August 2026 | 1,840.83 | 1,416.02 |
| September 2026 | 1,877.64 | 1,444.34 |
| October 2026 | 1,926.46 | 1,481.89 |
| November 2026 | 1,974.62 | 1,518.94 |
| December 2026 | 2,023.99 | 1,556.92 |
Share Price Prediction for CIFC in 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 2,044.23 | 1,572.48 |
| February 2027 | 2,096.65 | 1,612.81 |
| March 2027 | 2,178.42 | 1,675.70 |
| April 2027 | 2,135.70 | 1,642.85 |
| May 2027 | 2,073.50 | 1,595.00 |
| June 2027 | 2,166.80 | 1,666.77 |
| July 2027 | 2,124.32 | 1,634.09 |
| August 2027 | 2,190.02 | 1,684.63 |
| September 2027 | 2,266.67 | 1,743.59 |
| October 2027 | 2,325.60 | 1,788.92 |
| November 2027 | 2,383.74 | 1,833.65 |
| December 2027 | 2,443.34 | 1,879.49 |
Share Price Target for CIFC in 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 2,492.20 | 1,917.08 |
| February 2028 | 2,556.11 | 1,966.23 |
| March 2028 | 2,655.79 | 2,042.92 |
| April 2028 | 2,603.72 | 2,002.86 |
| May 2028 | 2,527.88 | 1,944.53 |
| June 2028 | 2,641.64 | 2,032.03 |
| July 2028 | 2,589.84 | 1,992.19 |
| August 2028 | 2,669.94 | 2,053.80 |
| September 2028 | 2,763.39 | 2,125.68 |
| October 2028 | 2,835.23 | 2,180.95 |
| November 2028 | 2,906.12 | 2,235.47 |
| December 2028 | 2,978.77 | 2,291.36 |
Share Price Target for CIFC in 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 3,038.34 | 2,337.19 |
| February 2029 | 3,116.25 | 2,397.12 |
| March 2029 | 3,237.78 | 2,490.60 |
| April 2029 | 3,174.30 | 2,441.77 |
| May 2029 | 3,081.84 | 2,370.65 |
| June 2029 | 3,220.53 | 2,477.33 |
| July 2029 | 3,157.38 | 2,428.75 |
| August 2029 | 3,255.03 | 2,503.87 |
| September 2029 | 3,368.95 | 2,591.50 |
| October 2029 | 3,456.55 | 2,658.88 |
| November 2029 | 3,542.96 | 2,725.35 |
| December 2029 | 3,631.54 | 2,793.49 |
Share Price Prediction for CIFC in 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 3,704.17 | 2,849.36 |
| February 2030 | 3,799.14 | 2,922.42 |
| March 2030 | 3,947.31 | 3,036.39 |
| April 2030 | 3,869.91 | 2,976.86 |
| May 2030 | 3,757.20 | 2,890.15 |
| June 2030 | 3,926.27 | 3,020.21 |
| July 2030 | 3,849.29 | 2,960.99 |
| August 2030 | 3,968.34 | 3,052.57 |
| September 2030 | 4,107.23 | 3,159.41 |
| October 2030 | 4,214.01 | 3,241.55 |
| November 2030 | 4,319.37 | 3,322.59 |
| December 2030 | 4,427.35 | 3,405.65 |
In 2030, Cholamandalam Investment and Financial Company Ltd is expected to witness significant price fluctuations. Beginning in January, the shares could reach a maximum price of ₹3,704.17 and a minimum of ₹2,849.36. As the year progresses, the prices are anticipated to climb, with the maximum price expected to rise to ₹4,427.35 and the minimum to ₹3,405.65 by December 2030. These projections reflect market expectations for the company’s performance and growth trajectory throughout the year.
Financial Condition of Cholamandalam Investment and Fin Co: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Revenue | 8,712 | 9,583 | 10,148 | 12,884 | 19,140 |
| Interest | 4,592 | 4,576 | 4,298 | 5,748 | 9,231 |
| Expenses + | 2,421 | 2,913 | 2,926 | 3,621 | 5,386 |
| Financing Profit | 1,699 | 2,094 | 2,924 | 3,515 | 4,523 |
| Financing Margin % | 20% | 22% | 29% | 27% | 24% |
| Other Income + | 0 | 56 | 84 | 220 | 290 |
| Depreciation | 111 | 102 | 101 | 121 | 198 |
| Profit before tax | 1,588 | 2,048 | 2,908 | 3,615 | 4,615 |
| Tax % | 34% | 26% | 26% | 26% | 26% |
| Net Profit + | 1,054 | 1,521 | 2,154 | 2,665 | 3,420 |
| EPS in Rs | 12.86 | 18.55 | 26.23 | 32.42 | 40.72 |
| Dividend Payout % | 13% | 11% | 8% | 6% | 5% |
Over the five-year period from March 2020 to March 2024, the financial performance of the company has exhibited substantial growth across key metrics. Revenue has experienced a remarkable surge, escalating from ₹8,712 crore in March 2020 to ₹19,140 crore in March 2024, indicating a robust upward trajectory. Despite fluctuations in interest expenses and operating costs, the financing profit has consistently increased, reaching ₹4,523 crore in March 2024, reflecting efficient financial management. Additionally, the company’s profitability has surged, with net profit climbing from ₹1,054 crore in March 2020 to ₹3,420 crore in March 2024. This growth is further underscored by the upward trend in earnings per share (EPS), rising from ₹12.86 in March 2020 to ₹40.72 in March 2024. Moreover, the dividend payout percentage has declined steadily, suggesting a strategic balance between rewarding shareholders and reinvesting in the company’s growth initiatives. Overall, these financial indicators portray a compelling picture of consistent expansion and improved profitability for the company over the specified period.
FAQS
What are the key factors to consider before investing in CIFC shares?
Before investing in CIFC shares, it is essential to consider the company’s financial health, management efficiency, industry trends, and market competition. One should also evaluate the risks associated with investing in the stock market and invest accordingly.
What is the share price target for CIFC in 2025?
The share price target of CIFC for 2025 is Projected to trade in a range between ₹1,124.37 to ₹1,716.99.
What will be the share price target 2030 of CIFC?
By the end of 2030, the share price of Cholamandalam Investment and Fin Co is expected to reach approximately ₹4,427.35 per share.
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Conclusion
Cholamandalam Investment and Finance Company (CIFC) has demonstrated a robust financial performance, with its net profit surging by 25% to ₹1,065 crore in the fourth quarter of the fiscal year. This significant increase in profitability can be attributed to strengthened core business operations, reflected in the substantial rise in total income to ₹5,499 crore. Despite higher expenses, CIFC has maintained strong asset quality, with gross NPAs reducing to 3.54% and net NPAs declining to 2.32% of advances. The company’s prudent provisioning for potential credit losses is evident in the improved Provision Coverage Ratio of 35.18%. Additionally, the board’s recommendation of a final dividend of 70 paise per share underscores CIFC’s commitment to enhancing shareholder value. Overall, CIFC’s Q4 results reflect its resilience, prudent financial management, and commitment to sustainable growth, positioning it as a reliable player in India’s financial services sector.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Cholamandalam Investment and Fin Co. This post on Cholamandalam Investment and Fin Co share price target from 2024 to 2030 is for educational purposes only.
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