Share price
₹1,790.8 latest close · +0.1% over the last 90 sessions
₹1,790.8 month-end · +3.2% over 12 months
₹1,790.8 month-end · +60.3% over 3 years
₹1,790.8 month-end · +663.8% since Jan '19
52-week range ₹1299.40 to ₹1952.50 · 1-year volatility 34.5%
Was the rally earned?
- The share price was roughly flat over 1 year (+3%).
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 94 points, but investors now pay less per rupee of profit (P/E 34.5x to 26.4x), which took 34 points back.
- The share count rose 4%.
Mostly yes, with a catch.
- Per-share earnings added 248 points, but investors now pay less per rupee of profit (P/E 29.7x to 26.4x), which took 22 points back.
- The share count rose 4%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-64.4% (2020-02 peak to 2020-05 low, recovered 2020-11)
-28.7% (2024-09 peak to 2024-12 low, recovered 2025-04)
-25.6% (2021-11 peak to 2021-12 low, recovered 2022-02)
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 3.5x to 6.5x since 2019-01.
231% above the Finance median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/B history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Finance peers?
Each cell is the company's percentile rank among its Finance peers (banks and financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROE (approx.)92ndflat vs a year ago
- EPS growth77th▲ 3 pts vs a year ago
- P/B ↓10thflat vs a year ago
- 12M momentum67th▼ 18 pts vs a year ago
- FII + DII83rdflat vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
At P/E of 26.4x, a holder earning 12%/yr needs earnings to grow about 18.2%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 19.8% | 20.8% | 21.9% |
| 15x | 17.2% | 18.2% | 19.3% |
| 20x | 13.9% | 14.9% | 15.9% |
Drag a slider to test other assumptions
Implied: 18.2%/yrLooking back
- Jan 2020Price implied 15%/yr; EPS has since grown 22%/yr (7.0 yrs)
- Jan 2021Price implied 22%/yr; EPS has since grown 30%/yr (6.0 yrs)
- Jan 2022Price implied 25%/yr; EPS has since grown 27%/yr (5.0 yrs)
Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹1790.80
- P/E
- 26.4x
- Market Cap
- ₹1.53L cr
- Revenue (TTM)
- ₹32662 cr
- P/S
- 4.7x
- P/B
- 5.0x
- ROE
- 19.0%
- Debt / Equity
- 6.9x
- Promoter Holding
- 49.2%
- 12M Momentum
- 3.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Tax rate26%Within range
Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Tap a check to see how it is measured
Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, FIIs added 2.9 pts; promoters trimmed 2.2 pts; DIIs added 0.6 pts.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 42 past situations where a bank, NBFC or insurer looked like CHOLAMANDALAM INVESTMENT AND F today on valuation, return on capital, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −36% to −1% vs the market, against −2% for all financial companies in the same months.
- The analogs' median sat below that base rate (gap −18.5%, 80% range −25.5% to −11.0%), but the matches cluster in only 6 distinct 12-month windows.
Where the 42 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months
42 past situations · 42 companies · 30 months · 2020–2025
The closest matches
| Company | When | P/E | P/B | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| BAJFINANCE Finance |
Mar 2020 | 32x | 6.5x | −27% | −55% | +29% |
| SBICARD Finance |
Jul 2022 | 55x | 11.4x | −9% | −18% | −21% |
| AUBANK Finance |
Oct 2021 | 45x | 23.0x | +57% | −11% | −7% |
| BANDHANBNK Finance |
Jan 2020 | 28x | 4.8x | +12% | −28% | −42% |
| SUNDARMFIN Finance |
Jun 2021 | 26x | 4.0x | +84% | −5% | −34% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and revenue growth. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Oct '21
- OctPriceFell 25% from the Aug 2026 peak to the Oct 2026 low.
- JulPriceRegained the 2026-01 peak, 4 months after the low.
- JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
- AprPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
- MarPriceFell 25% from the Jan 2026 peak to the Mar 2026 low.
- FebPriceVolume reached 7.3x its 50-day median on 2026-02-26; price -0.4% that day.
- DecPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
- DecPriceVolume reached 5.9x its 50-day median on 2025-12-23; price +5.9% that day.
Show 22 earlier events
- MayValuationP/B crossed above the 90th percentile of its own history to date (6.9x).
- MayPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
- AprPriceRegained the 2024-09 peak, 4 months after the low.
- MarPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
- DecPriceFell 29% from the Sep 2024 peak to the Dec 2024 low.
- SepValuationP/B crossed above the 90th percentile of its own history to date (6.9x).
- JunResultsRevenue (TTM) reached a new high of ₹19,163 cr.
- JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
- MarValuationP/B crossed above the 90th percentile of its own history to date (6.6x).
- AugPriceVolume reached 7.4x its 50-day median on 2023-08-02; price -2.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹12,884 cr.
- JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
- AprValuationP/B crossed above the 90th percentile of its own history to date (6.1x).
- AprPriceVolume reached 11.8x its 50-day median on 2023-04-06; price +7.5% that day.
- FebPriceVolume reached 9.3x its 50-day median on 2023-02-01; price +6.1% that day.
- NovPriceVolume reached 5.2x its 50-day median on 2022-11-02; price +5.0% that day.
- JunResultsRevenue (TTM) reached a new high of ₹10,148 cr.
- JunPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
- AprPriceVolume reached 5.0x its 50-day median on 2022-04-08; price +8.0% that day.
- FebPriceRegained the 2021-11 peak, 2 months after the low.
- DecPriceFell 26% from the Nov 2021 peak to the Dec 2021 low.
- OctValuationP/B crossed above the 90th percentile of its own history to date (5.3x).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | Debt / Equity |
|---|---|---|---|---|
| 2026-11 | 26.4x | ₹32662 cr | 19.0% | 6.9x |
| 2026-10 | 23.4x | ₹32662 cr | 19.0% | 6.9x |
| 2026-09 | 23.9x | ₹32662 cr | 19.0% | 6.9x |
| 2026-08 | 30.0x | ₹31073 cr | 19.0% | 6.9x |
| 2026-07 | 29.9x | ₹31073 cr | 19.0% | 6.9x |
| 2026-06 | 28.9x | ₹31073 cr | 19.0% | 6.9x |
| 2026-05 | 26.7x | ₹29702 cr | 20.0% | 7.4x |
| 2026-04 | 27.1x | ₹29702 cr | 20.0% | 7.4x |
| 2026-03 | 23.5x | ₹29702 cr | 20.0% | 7.4x |
| 2026-02 | 31.3x | ₹28537 cr | 20.0% | 7.4x |
| 2026-01 | 29.5x | ₹28537 cr | 20.0% | 7.4x |
| 2025-12 | 30.8x | ₹28537 cr | 20.0% | 7.4x |
| 2025-11 | 32.8x | ₹27301 cr | 20.0% | 7.4x |
| 2025-10 | 32.0x | ₹27301 cr | 20.0% | 7.4x |
| 2025-09 | 30.4x | ₹27301 cr | 20.0% | 7.4x |
| 2025-08 | 28.0x | ₹25846 cr | 20.0% | 7.4x |
| 2025-07 | 28.5x | ₹25846 cr | 20.0% | 7.4x |
| 2025-06 | 32.1x | ₹25846 cr | 20.0% | 7.4x |
| 2025-05 | 33.1x | ₹24210 cr | 20.0% | 6.9x |
| 2025-04 | 30.8x | ₹24210 cr | 20.0% | 6.9x |
| 2025-03 | 31.4x | ₹24210 cr | 20.0% | 6.9x |
| 2025-02 | 30.5x | ₹22484 cr | 20.0% | 6.9x |
| 2025-01 | 28.0x | ₹22484 cr | 20.0% | 6.9x |
| 2024-12 | 25.9x | ₹22484 cr | 20.0% | 6.9x |
| 2024-11 | 28.2x | ₹20852 cr | 20.0% | 6.9x |
| 2024-10 | 29.1x | ₹20852 cr | 20.0% | 6.9x |
| 2024-09 | 36.8x | ₹20852 cr | 20.0% | 6.9x |
| 2024-08 | 35.7x | ₹19163 cr | 20.0% | 6.9x |
| 2024-07 | 34.8x | ₹19163 cr | 20.0% | 6.9x |
| 2024-06 | 35.0x | ₹19163 cr | 20.0% | 6.9x |
| 2024-05 | 38.3x | ₹12884 cr | 20.0% | 6.8x |
| 2024-04 | 36.8x | ₹12884 cr | 20.0% | 6.8x |
| 2024-03 | 35.7x | ₹12884 cr | 20.0% | 6.8x |
| 2024-02 | 33.6x | ₹12884 cr | 20.0% | 6.8x |
| 2024-01 | 36.5x | ₹12884 cr | 20.0% | 6.8x |
| 2023-12 | 38.9x | ₹12884 cr | 20.0% | 6.8x |
| 2023-11 | 34.5x | ₹12884 cr | 20.0% | 6.8x |
| 2023-10 | 35.1x | ₹12884 cr | 20.0% | 6.8x |
| 2023-09 | 37.6x | ₹12884 cr | 20.0% | 6.8x |
| 2023-08 | 34.6x | ₹12884 cr | 20.0% | 6.8x |
| 2023-07 | 34.9x | ₹12884 cr | 20.0% | 6.8x |
| 2023-06 | 35.2x | ₹12884 cr | 20.0% | 6.8x |
| 2023-05 | 40.1x | ₹10148 cr | 20.0% | 5.9x |
| 2023-04 | 33.2x | ₹10148 cr | 20.0% | 5.9x |
| 2023-03 | 29.0x | ₹10148 cr | 20.0% | 5.9x |
| 2023-02 | 28.8x | ₹10148 cr | 20.0% | 5.9x |
| 2023-01 | 27.0x | ₹10148 cr | 20.0% | 5.9x |
| 2022-12 | 27.6x | ₹10148 cr | 20.0% | 5.9x |
| 2022-11 | 27.3x | ₹10148 cr | 20.0% | 5.9x |
| 2022-10 | 27.0x | ₹10148 cr | 20.0% | 5.9x |
| 2022-09 | 27.9x | ₹10148 cr | 20.0% | 5.9x |
| 2022-08 | 30.1x | ₹10148 cr | 20.0% | 5.9x |
| 2022-07 | 26.7x | ₹10148 cr | 20.0% | 5.9x |
| 2022-06 | 23.6x | ₹10148 cr | 20.0% | 5.9x |
| 2022-05 | 36.6x | ₹9583 cr | 17.0% | 6.6x |
| 2022-04 | 39.8x | ₹9583 cr | 17.0% | 6.6x |
| 2022-03 | 38.7x | ₹9583 cr | 17.0% | 6.6x |
| 2022-02 | 37.2x | ₹9583 cr | 17.0% | 6.6x |
| 2022-01 | 33.9x | ₹9583 cr | 17.0% | 6.6x |
| 2021-12 | 28.1x | ₹9583 cr | 17.0% | 6.6x |
| 2021-11 | 29.7x | ₹9583 cr | 17.0% | 6.6x |
| 2021-10 | 33.1x | ₹9583 cr | 17.0% | 6.6x |
| 2021-09 | 30.4x | ₹9583 cr | 17.0% | 6.6x |
| 2021-08 | 29.9x | ₹9583 cr | 17.0% | 6.6x |
| 2021-07 | 25.6x | ₹9583 cr | 17.0% | 6.6x |
| 2021-06 | 27.7x | ₹9583 cr | 17.0% | 6.6x |
| 2021-05 | 42.7x | ₹8712 cr | 15.0% | 6.7x |
| 2021-04 | 44.5x | ₹8712 cr | 15.0% | 6.7x |
| 2021-03 | 43.5x | ₹8712 cr | 15.0% | 6.7x |
| 2021-02 | 40.3x | ₹8712 cr | 15.0% | 6.7x |
| 2021-01 | 30.9x | ₹8712 cr | 15.0% | 6.7x |
| 2020-12 | 30.1x | ₹8712 cr | 15.0% | 6.7x |
| 2020-11 | 30.2x | ₹8712 cr | 15.0% | 6.7x |
| 2020-10 | 21.2x | ₹8712 cr | 15.0% | 6.7x |
| 2020-09 | 19.4x | ₹8712 cr | 15.0% | 6.7x |
| 2020-08 | 18.1x | ₹8712 cr | 15.0% | 6.7x |
| 2020-07 | 15.7x | ₹8712 cr | 15.0% | 6.7x |
| 2020-06 | 14.7x | ₹8712 cr | 15.0% | 6.7x |
| 2020-05 | 9.2x | ₹7108 cr | 21.0% | 8.1x |
| 2020-04 | 10.4x | ₹7108 cr | 21.0% | 8.1x |
| 2020-03 | 10.0x | ₹7108 cr | 21.0% | 8.1x |
| 2020-02 | 20.0x | ₹7108 cr | 21.0% | 8.1x |
| 2020-01 | 21.4x | ₹7108 cr | 21.0% | 8.1x |
| 2019-12 | 19.9x | ₹7108 cr | 21.0% | 8.1x |
| 2019-11 | 20.4x | ₹7108 cr | 21.0% | 8.1x |
| 2019-10 | 19.9x | ₹7108 cr | 21.0% | 8.1x |
| 2019-09 | 20.1x | ₹7108 cr | 21.0% | 8.1x |
| 2019-08 | 17.5x | ₹7108 cr | 21.0% | 8.1x |
| 2019-07 | 16.9x | ₹7108 cr | 21.0% | 8.1x |
| 2019-06 | 18.6x | ₹7108 cr | 21.0% | 8.1x |
| 2019-05 | 26.1x | ₹5559 cr | 20.0% | 7.5x |
| 2019-04 | 23.6x | ₹5559 cr | 20.0% | 7.5x |
| 2019-03 | 24.7x | ₹5559 cr | 20.0% | 7.5x |
| 2019-02 | 20.9x | ₹5559 cr | 20.0% | 7.5x |
| 2019-01 | 19.9x | ₹5559 cr | 20.0% | 7.5x |