−19% from the high · +22% from the low
Long unwinding into a 26-day expiry: futures OI −1.1% on a −2.5% day, the most call OI sits at 1,700, the most put OI at 1,600, max pain 1,660.
CHOLAFIN futures closed at ₹1,579.90, 0.0% to spot, with 91% of open interest in the 27 Oct contract, and the 1,580 straddle prices a move of about ±6.4% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹1,579.90 | −0.100.0% | −0.09% | 21,000▼ −1.3% · −280 lots | 91 | 3,700 |
| 23 Nov53 days | ₹1,589.80 | +9.80+0.6% | +4.3% | 2,100▲ +1.0% · +21 lots | 8.9 | 83 |
| 29 Dec89 days | ₹1,594.00 | +14.00+0.9% | +3.6% | 5.0▲ +400.0% · +4.0 lots | 0.02 | 5.0 |
8.9% of futures OI sits beyond the 27 Oct contract · 43 of 65 listed contracts traded · 10,000 option contracts changed hands
The 1,580 straddle closed at ₹100.95 (call 51.55 + put 49.40), pricing a move of about ±6.4% by the 27 Oct expiry. In the last 253 windows of 19 sessions, CHOLAFIN moved more than that 101 times.
After the last 5 bulletins, CHOLAFIN closed higher five sessions later in 2 of 5.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 29 JulCholamandalam reports 22% profit growth, plans ₹55,000 crore NCD | ▲ +2.9%Nifty +1.1% · +1.8 pp | ▲ +1.2%Nifty +1.4% · −0.2 pp | ▲ +7.2%Nifty +2.7% · +4.6 pp | ▼ −1.5%short covering |
| 26 MarCholamandalam Finance awards ₹540 crore construction contract | ▼ −3.9%Nifty −2.1% · −1.8 pp | ▼ −8.1%Nifty −4.2% · −3.9 pp | ▼ −4.0%Nifty −0.8% · −3.2 pp | ▲ +1.9%short build-up |
| 4 FebCholamandalam Finance upgraded to Buy with new target price | ▼ −1.0%Nifty −0.5% · −0.5 pp | ▲ +0.2%Nifty −0.3% · +0.5 pp | ▼ −0.4%Nifty +0.1% · −0.6 pp | ▼ −1.9%long unwinding |
| 4 FebCholamandalam Finance upgraded to Buy rating with new target price | ▲ +2.7%Nifty +0.2% · +2.5 pp | ▲ +1.6%Nifty −0.3% · +2.0 pp | ▲ +1.7%Nifty +0.9% · +0.8 pp | ▼ −3.7%short covering |
| 10 DecMotilal Oswal maintains buy on Cholamandalam Finance shares | ▼ −1.4%Nifty +0.6% · −2.0 pp | ▼ −0.5%Nifty +1.1% · −1.6 pp | ▼ −3.7%Nifty +0.2% · −4.0 pp | ▲ +3.1%short build-up |
Revenue ₹8,856 cr, +22% on a year earlier; profit ₹1,656 cr, +46% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 28 Jul | ₹8,856 cr | ▲ +22% | ₹1,656 cr | ▲ +46% | 19.40 | ▲ +2.9%Nifty +1.1% · +1.8 pp |
| Mar 2026filed 30 Apr · audited | ₹8,417 cr | ▲ +19% | ₹1,645 cr | ▲ +31% | 19.28 | ▲ +4.9%Nifty +0.5% · +4.4 pp |
| Dec 2025filed 30 Jan | ₹7,898 cr | ▲ +17% | ₹1,290 cr | ▲ +19% | 15.25 | ▼ −3.2%Nifty −2.0% · −1.2 pp |
| Sept 2025filed 6 Nov · audited | ₹7,491 cr | ▲ +20% | ₹1,160 cr | ▲ +20% | 13.75 | ▲ +1.2%Nifty −0.1% · +1.3 pp |
| Jun 2025filed 31 Jul | ₹7,267 cr | ▲ +25% | ₹1,138 cr | ▲ +20% | 13.50 | ▼ −1.4%Nifty −0.8% · −0.6 pp |
| Mar 2025filed 25 Apr · audited | ₹7,046 cr | ▲ +30% | ₹1,260 cr | ▲ +18% | 14.94 | ▼ −1.1%Nifty +1.2% · −2.4 pp |
| Dec 2024filed 1 Feb | ₹6,733 cr | ▲ +34% | ₹1,088 cr | ▲ +25% | 12.91 | ▼ −1.6%Nifty −0.1% · −1.5 pp |
| Sept 2024filed 26 Oct | ₹6,255 cr | ▲ +35% | ₹968 cr | ▲ +25% | 11.49 | ▼ −6.7%Nifty +0.7% · −7.3 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹31,073 cr | ▲ +20% | ₹5,233 cr | ▲ +23% | 61.78 |
| FY25to Mar 2025 | ₹25,846 cr | ▲ +35% | ₹4,263 cr | ▲ +25% | 50.59 |
| FY24to Mar 2024 | ₹19,140 cr | — | ₹3,420 cr | — | 41.01 |
CHOLAFIN trades at 23 times trailing earnings against 22 for its industry, 4.4 times book value, revenue +20% over twelve months, a 0.25% dividend yield, market cap ₹1,30,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| BAJFINANCEBajaj Finance Limited | 5,90,000 cron 1 Oct | 29consolidated | 5.0 | ₹948.30 |
| SHRIRAMFINShriram Finance Limited | 2,20,000 cron 1 Oct | 17consolidated | 3.4 | ₹945.00 |
| TATACAPTata Capital Limited | 1,40,000 cron 1 Oct | — | 2.9 | ₹319.30 |
| CHOLAFINCholamandalam Investment and Finance Company Limited | 1,30,000 cron 1 Oct | 23consolidated | 4.4 | ₹1,580.00 |
| MUTHOOTFINMuthoot Finance Limited | 1,10,000 cron 1 Oct | 9.5consolidated | 2.7 | ₹2,697.10 |
| LTFL&T Finance Limited | 66,000 cron 1 Oct | 21consolidated | 2.4 | ₹264.35 |
| SBICARDSBI Cards and Payment Services Limited | 54,000 cron 1 Oct | 24standalone | 3.4 | ₹563.20 |
| HDBFSHDB Financial Services Limited | 51,000 cron 1 Oct | — | 2.5 | ₹618.20 |
| SUNDARMFINSundaram Finance Limited | 49,000 cron 1 Oct | — | 3.3 | ₹4,395.90 |
| PIRAMALFINPiramal Finance Limited | 48,000 cron 1 Oct | — | 1.7 | ₹2,023.30 |
| AIILAuthum Investment & Infrastructure Limited | 46,000 cron 1 Oct | — | 3.1 | ₹539.30 |
| M&MFINMahindra & Mahindra Financial Services Limited | 44,000 cron 1 Oct | — | 1.7 | ₹319.75 |
| POONAWALLAPoonawalla Fincorp Limited | 38,000 cron 1 Oct | — | 3.7 | ₹433.40 |
| MANAPPURAMManappuram Finance Limited | 29,000 cron 1 Oct | 15consolidated | 1.8 | ₹308.90 |
| IIFLIIFL Finance Limited | 25,000 cron 1 Oct | — | 1.6 | ₹583.80 |
| CGCLCapri Global Capital Limited | 24,000 cron 1 Oct | — | 3.3 | ₹249.25 |
| FIVESTARFive-Star Business Finance Limited | 15,000 cron 1 Oct | — | 2.0 | ₹506.25 |
| SBFCSBFC Finance Limited | 9,300 cron 1 Oct | — | 2.5 | ₹84.20 |
| PAISALOPaisalo Digital Limited | 7,300 cron 1 Oct | — | 4.1 | ₹79.90 |
| BENGALASMBengal & Assam Company Limited | 6,900 cron 1 Oct | — | — | ₹6,088.00 |
| FEDFINAFedbank Financial Services Limited | 5,600 cron 1 Oct | — | 1.9 | ₹149.75 |
| MASFINMAS Financial Services Limited | 5,000 cron 1 Oct | — | 1.6 | ₹272.85 |
| NORTHARCNorthern Arc Capital Limited | 4,700 cron 1 Oct | — | 1.2 | ₹288.70 |
| SGFINSG Finserve Limited | 4,200 cron 1 Oct | — | 2.9 | ₹631.85 |
| AYEAye Finance Limited | 4,000 cron 1 Oct | — | 1.6 | ₹163.30 |
| INDOSTARIndoStar Capital Finance Limited | 3,300 cron 1 Oct | — | 0.88 | ₹206.35 |
| MUFINMufin Green Finance Limited | 2,600 cron 1 Oct | — | 4.5 | ₹130.60 |
| ARMANFINArman Financial Services Limited | 1,900 cron 1 Oct | — | 2.0 | ₹1,764.40 |
| PFSPTC India Financial Services Limited | 1,900 cron 1 Oct | — | 0.60 | ₹28.80 |
| GRANDOAKGrand Oak Canyons Distillery Limited | 1,800 cron 1 Oct | — | — | ₹34.80 |
| FEDDERSHOLFedders Holding Limited | 1,300 cron 1 Oct | — | — | ₹63.65 |
| UGROCAPUgro Capital Limited | 1,300 cron 1 Oct | — | 0.44 | ₹82.35 |
| AKCAPITAK Capital Services Limited | 1,100 cron 1 Oct | — | — | ₹1,714.10 |
| ZSARACOMSaraswati Commercial India Limited | 1,100 cron 1 Oct | — | — | ₹10,017.00 |
| CRESTCrest Ventures Limited | 1,000 cron 1 Oct | — | 0.77 | ₹362.35 |
| FINKURVEFinkurve Financial Services Limited | 990 cron 1 Oct | — | 2.9 | ₹70.55 |
| CIFLCapital India Finance Limited | 810 cron 1 Oct | — | 1.2 | ₹20.75 |
| ARYAMANAryaman Financial Services Limited | 760 cron 1 Oct | — | — | ₹624.00 |
| MANBAManba Finance Limited | 700 cron 1 Oct | — | 1.7 | ₹139.00 |
| LAXMIINDIALaxmi India Finance Limited | 620 cron 1 Oct | — | 1.3 | ₹119.00 |
| DHUNINVDhunseri Investments Limited | 590 cron 1 Oct | — | 0.17 | ₹967.30 |
| KIRANVYPARKiran Vyapar Limited | 490 cron 1 Oct | — | — | ₹179.20 |
| CSLFINANCECSL Finance Limited | 470 cron 1 Oct | — | 0.76 | ₹208.35 |
| MANCREDITMangal Credit and Fincorp Limited | 460 cron 1 Oct | — | 2.7 | ₹218.95 |
| MONEYBOXXMoneyboxx Finance Limited | 360 cron 30 Sept | — | 1.2 | ₹52.30 |
| AVONMOREAvonmore Capital & Management Services Limited | 360 cron 1 Oct | — | 0.71 | ₹12.80 |
| MUTHOOTCAPMuthoot Capital Services Limited | 360 cron 1 Oct | — | 0.54 | ₹218.10 |
| AFILAkme Fintrade (India) Limited | 350 cron 1 Oct | — | 0.82 | ₹7.85 |
| STARTECKStarteck Finance Limited | 290 cron 1 Oct | — | 1.1 | ₹290.95 |
| CPCAPCP Capital Limited | 260 cron 1 Oct | — | 0.45 | ₹140.85 |
| SAHLIBHFIShalibhadra Finance Limited | 240 cron 1 Oct | — | 1.4 | ₹78.75 |
| ALFREDHEAlfred Herbert India Limited | 220 cron 1 Oct | — | — | ₹2,823.00 |
| TEAMGTYTeam India Guaranty Limited | 210 cron 1 Oct | — | 4.4 | ₹235.10 |
| BAIDFINBaid Finserv Limited | 160 cron 1 Oct | — | 0.69 | ₹10.30 |
| SONALSonal Mercantile Limited | 130 cron 1 Oct | — | — | ₹87.55 |
| ASSAMENTAssam Entrade Limited | 120 cron 1 Oct | — | — | ₹799.00 |
| VGCLVibrant Global Capital Limited | 110 cron 1 Oct | — | — | ₹47.90 |
| OPTIFINOptimus Finance Limited | 110 cron 1 Oct | — | — | ₹14.45 |
| MUKESHBMukesh Babu Financial Services Limited | 90 cron 1 Oct | — | — | ₹128.80 |
| TFLTranswarranty Finance Limited | 65 cron 1 Oct | — | 2.3 | ₹11.80 |
| LADDERUPLadderup Finance Limited | 65 cron 16 Sept | — | — | ₹60.95 |
| ODYCORPOdyssey Corporation Limited | 62 cron 1 Oct | — | — | ₹6.90 |
| ADVIKCAAdvik Capital Limited | 61 cron 1 Oct | — | — | ₹1.00 |
| TRUTruCap Finance Limited | 50 cron 1 Oct | — | 0.98 | ₹4.20 |
| HBSLHB Stockholdings Limited | 41 cron 1 Oct | — | 0.52 | ₹57.05 |
| KJMCFINKJMC Financial Services Limited | 28 cron 1 Oct | — | — | ₹58.40 |
| TCIFINANCETCI Finance Limited | 19 cron 1 Oct | — | — | ₹14.70 |
| ASHIKAGAshika Global Securities Limited | — | — | — | — |
| CAPTRUSTCapital Trust Limited | — | — | — | — |
| RSDFINRSD Finance Limited | — | — | — | — |
| UYFINCORPU. Y. Fincorp Limited | — | — | — | — |
| VIJIFINViji Finance Limited | — | — | — | — |
Promoters hold 49.2%, foreign portfolio investors 24.5%, mutual funds 15.1% and insurance companies 1.7%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 49.22▼ −0.03 pp | 49.25▼ −0.47 pp | 49.72▼ −0.16 pp | 49.88▼ −0.02 pp | 49.90 |
| Foreign portfolio investors | 24.46▼ −0.41 pp | 24.87▼ −1.69 pp | 26.56▼ −0.29 pp | 26.85▼ −1.11 pp | 27.96 |
| Mutual funds | 15.14▲ +0.16 pp | 14.98▲ +2.14 pp | 12.84▼ −0.48 pp | 13.32▲ +0.81 pp | 12.51 |
| Insurance companies | 1.66▲ +0.19 pp | 1.47▼ −0.09 pp | 1.56▲ +0.07 pp | 1.49▲ +0.06 pp | 1.43 |
| Banks and financial institutions | 3.82▲ +0.36 pp | 3.46▲ +0.32 pp | 3.14▲ +0.68 pp | 2.46▲ +0.35 pp | 2.11 |
| Individual investors | 4.89▼ −0.22 pp | 5.11▲ +0.04 pp | 5.07▼ −0.06 pp | 5.13▼ −0.09 pp | 5.22 |
| Bodies corporate | 0.55▼ −0.03 pp | 0.58▼ −0.02 pp | 0.60▲ +0.08 pp | 0.52▼ −0.04 pp | 0.56 |
| Others | 0.26▼ −0.02 pp | 0.28▼ −0.23 pp | 0.51▲ +0.16 pp | 0.35▲ +0.04 pp | 0.31 |
Nothing upcoming on record; the last was a dividend of ₹0.70 a share, ex-date 21 Jul 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 21 Jul 2026 | dividend | ₹0.70 | 21 Jul 2026 | BSE |
| 5 Feb 2026 | dividend | ₹1.30 | 5 Feb 2026 | BSE |
| 24 Jul 2025 | dividend | ₹0.70 | 24 Jul 2025 | BSE |
| 7 Feb 2025 | dividend | ₹1.30 | 7 Feb 2025 | BSE |
| 19 Jul 2024 | dividend | ₹0.70 | — | BSE |
| 7 Feb 2024 | dividend | ₹1.30 | 7 Feb 2024 | BSE |
CHOLAFIN is −13.5% over 20 sessions against Nifty's −6.2%, 19% below its 52-week high, realised volatility 27% annualised.
| Window | From ₹ | CHOLAFIN % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,569.95 | ▲ +0.64% | ▼ −9.1% | +9.7 |
| 120 sessionssince 9 Apr | ₹1,533.09 | ▲ +3.1% | ▼ −5.7% | +8.8 |
| 60 sessionssince 8 Jul | ₹1,769.32 | ▼ −11% | ▼ −6.1% | −4.6 |
| 20 sessionssince 2 Sept | ₹1,825.96 | ▼ −13% | ▼ −6.2% | −7.2 |
| 5 sessionssince 24 Sept | ₹1,681.75 | ▼ −6.0% | ▼ −2.8% | −3.3 |
| 1 sessionsince 30 Sept | ₹1,620.01 | ▼ −2.5% | ▼ −0.88% | −1.6 |
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