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Cholamandalam Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cholamandalam and similar public comparables like Ally Financial, Tata Capital, Muthoot Finance, Jio Financial Services and more.
Cholamandalam Overview
About Cholamandalam
Cholamandalam Investment and Finance Co Ltd serves as the financial services arm of the Murugappa Group. Its subsidiaries include Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL). The company's operating segments include; Vehicle finance loans its key revenue generating segment, which provides loans for the purchase of vehicles, tractors, and construction equipment; the Home Loans segment includes loans given for the acquisition of residential property; Loan against property includes loans to the customer against immovable property; and Other loans represents loans against shares and SME loans. The company operates solely in India.
Founded
1978
HQ

Employees
46.7K
Website
Sectors
Financials (LTM)
EV
$35B
Cholamandalam Financials
Cholamandalam reported last 12-month revenue of $2B and EBITDA of $734M.
In the same LTM period, Cholamandalam generated $734M in EBITDA and $555M in net income.
Revenue (LTM)
Cholamandalam P&L
In the most recent fiscal year, Cholamandalam reported revenue of $2B and EBITDA of $668M.
Cholamandalam expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA | $734M | XXX | $668M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBIT Margin | 61% | XXX | 61% | XXX | XXX | XXX |
| Net Profit | $555M | XXX | $498M | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 31% | XXX | XXX | XXX |
| Net Debt | — | — | $18B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cholamandalam Stock Performance
Cholamandalam has current market cap of $15B, and enterprise value of $35B.
Market Cap Evolution
Cholamandalam's stock price is $17.05.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $35B | $15B | 0.5% | XXX | XXX | XXX | $0.58 |
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Start Free TrialCholamandalam Valuation Multiples
Cholamandalam trades at 19.0x EV/Revenue multiple, and 47.4x EV/EBITDA.
EV / Revenue (LTM)
Cholamandalam Financial Valuation Multiples
As of April 19, 2026, Cholamandalam has market cap of $15B and EV of $35B.
Equity research analysts estimate Cholamandalam's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cholamandalam has a P/E ratio of 26.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $35B | XXX | $35B | XXX | XXX | XXX |
| EV/Revenue | 19.0x | XXX | 21.9x | XXX | XXX | XXX |
| EV/EBITDA | 47.4x | XXX | 52.1x | XXX | XXX | XXX |
| EV/EBIT | 31.0x | XXX | 36.1x | XXX | XXX | XXX |
| P/E | 26.2x | XXX | 29.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (9.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cholamandalam Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Cholamandalam Margins & Growth Rates
Cholamandalam's revenue in the last 12 month grew by 21%.
Cholamandalam's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Cholamandalam's rule of 40 is 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cholamandalam's rule of X is 94% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cholamandalam Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 62% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 94% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | 39% | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cholamandalam Public Comps
See public comps and valuation multiples for other Consumer Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cholamandalam | XXX | XXX | XXX | XXX | XXX | XXX |
| Ally Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Tata Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Muthoot Finance | XXX | XXX | XXX | XXX | XXX | XXX |
| Jio Financial Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurobank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cholamandalam M&A Activity
Cholamandalam acquired XXX companies to date.
Last acquisition by Cholamandalam was on XXXXXXXX, XXXXX. Cholamandalam acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cholamandalam
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCholamandalam Investment Activity
Cholamandalam invested in XXX companies to date.
Cholamandalam made its latest investment on XXXXXXXX, XXXXX. Cholamandalam invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cholamandalam
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cholamandalam
| When was Cholamandalam founded? | Cholamandalam was founded in 1978. |
| Where is Cholamandalam headquartered? | Cholamandalam is headquartered in India. |
| How many employees does Cholamandalam have? | As of today, Cholamandalam has over 46K employees. |
| Is Cholamandalam publicly listed? | Yes, Cholamandalam is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Cholamandalam? | Cholamandalam trades under CHOLAFIN ticker. |
| When did Cholamandalam go public? | Cholamandalam went public in 1996. |
| Who are competitors of Cholamandalam? | Cholamandalam main competitors are Ally Financial, Tata Capital, Muthoot Finance, Jio Financial Services. |
| What is the current market cap of Cholamandalam? | Cholamandalam's current market cap is $15B. |
| What is the current revenue of Cholamandalam? | Cholamandalam's last 12 months revenue is $2B. |
| What is the current revenue growth of Cholamandalam? | Cholamandalam revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Cholamandalam? | Current revenue multiple of Cholamandalam is 19.0x. |
| Is Cholamandalam profitable? | Yes, Cholamandalam is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cholamandalam? | Cholamandalam's last 12 months EBITDA is $734M. |
| What is Cholamandalam's EBITDA margin? | Cholamandalam's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Cholamandalam? | Current EBITDA multiple of Cholamandalam is 47.4x. |
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