Cholamandalam Investment and Finance's intrinsic value using Intellectual Capital analysis

Cholamandalam Investment and Finance

BSE : 511243

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NSE : CHOLAFIN

Industry : Finance General

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ISIN : INE121A01024

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FreeFloat : 40.00%

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FnO : Yes

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LotSize : 1250

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Intellectual Capital (IC)	35,428.05
Net Worth (NW)	12,900.36
Intrinsic Worth (IW)	48,328.41
Market Cap (MC)	60,158.26
Economic Value Added	-1,518.57

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	73.31%
IC Gross Margin (EBITDA/IC)	22.89%
IC Net Margin (NPT/IC)	7.70%
Knowledge Turnover (Sales/IC)	0.32
Market to Intrinsic Value (MC/IW)	1.24

As Of	Intrinsic Value	Market Price
30 Sep 2022	Rs. 588.22	Rs. 732.20
29 Nov 2022	----	Rs. 714.75
29 Nov 2022	----	-5.55 -0.78%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : No	Sell	10 DMA : Rs. 714.00	Reduce	Sell
KB > 50% : Yes		50 DMA : Rs. 730.81
0 < M2IV < 1 : No		Vol-Price trend : Falling

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Dec-19
C
2289.06
2289.30
1746.76
1714.45
522.89
389.15
389.16

Mar-20
C
2165.45
2165.57
1220.49
1192.70
57.24
42.45
-12.73

Jun-20
C
2125.55
2125.61
1738.20
1712.55
581.98
431.30
426.04

Sep-20
C
2454.01
2457.89
1796.32
1770.85
585.76
434.64
391.10

Dec-20
C
2520.18
2520.48
1718.25
1692.85
552.52
409.79
422.29

Mar-21
C
2479.37
2479.80
1472.44
1446.66
327.11
245.13
251.56

Jun-21
C
2481.74
2481.91
1571.78
1546.89
443.24
328.55
322.57

Sep-21
C
2496.26
2496.71
1922.89
1899.34
821.83
610.51
580.53

Dec-21
C
2557.28
2557.46
1779.51
1755.40
709.70
527.71
644.17

Mar-22
C
2605.07
2656.63
2026.33
1998.25
927.45
686.74
727.43

Jun-22
C
2770.02
2795.91
1916.72
1889.19
758.76
562.01
584.73

Sep-22
C
3016.84
3067.02
2126.69
2098.66
758.60
562.82
582.26

* C - Consolidated, S - Standalone