Choice International Ltd

Choice Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Choice International Ltd

₹ 345 0.22%
27 May - close price
choiceindia.com BSE: 531358 NSE: CHOICEIN
About

Business Overview
Choice International Ltd was incorporated in 1993. It is an integrated and diversified financial services group. It provides a wide range of financial services that includes Broking & Distribution, Investment Banking, Financial Services to Business Advisory, Regulatory Compliances to Government authorities & other corporate entities, Retail loan distribution, Mutual Fund distribution, technical services, and other ancillary services. The registered office of the Company is in Mumbai.[1] [2]

Key Points

Business Segments[1]
1. Broking and Distribution Business:
It includes ** Stock Broking, Wealth, Insurance.
KPIs**
Demat Accounts - 848k
Active Accounts - 194k
Stock Broking AUM - Rs. 353 Bn
Wealth Products AUM - Rs. 6,249 Mn
Insurance Premium - Rs. 625 Mn
No. of Policies Sold - 14,567
Company is more prevalent in Tier III and beyond cities.[2]

Website BSE NSE
  • Market Cap ₹ 6,888 Cr.
  • Current Price ₹ 345
  • High / Low ₹ 350 / 166
  • Stock P/E 4,920
  • Book Value ₹ 15.7
  • Dividend Yield 0.00 %
  • ROCE 1.62 %
  • ROE 0.45 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 22.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.06% over past five years.
  • Company has a low return on equity of 0.71% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.33%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.06 2.84 3.61 2.33 2.51 2.90 2.97 3.44 3.64 3.55 3.49 3.14 2.72
0.89 0.90 0.94 1.21 0.86 1.30 1.42 1.82 1.51 1.75 1.78 1.62 1.83
Operating Profit 1.17 1.94 2.67 1.12 1.65 1.60 1.55 1.62 2.13 1.80 1.71 1.52 0.89
OPM % 56.80% 68.31% 73.96% 48.07% 65.74% 55.17% 52.19% 47.09% 58.52% 50.70% 49.00% 48.41% 32.72%
0.10 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.15
Interest 0.60 0.67 0.79 0.78 0.90 0.73 0.79 0.99 1.17 0.98 1.00 0.96 0.90
Depreciation 0.18 0.17 0.18 0.14 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.12 0.11
Profit before tax 0.49 1.10 1.70 0.20 0.61 0.74 0.64 0.52 0.84 0.71 0.59 0.44 0.03
Tax % 55.10% 27.27% 38.24% 25.00% 26.23% 27.03% 26.56% 30.77% -11.90% 23.94% 25.42% 15.91% -33.33%
0.22 0.79 1.05 0.14 0.45 0.53 0.46 0.37 0.93 0.54 0.43 0.38 0.04
EPS in Rs 0.02 0.04 0.05 0.01 0.02 0.03 0.02 0.02 0.05 0.03 0.02 0.02 0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8.06 12.81 8.66 77.86 20.96 22.82 12.85 9.00 8.66 11.28 12.98 12.89
3.59 6.61 1.61 70.09 12.35 9.15 6.35 3.77 2.75 3.91 6.03 6.97
Operating Profit 4.47 6.20 7.05 7.77 8.61 13.67 6.50 5.23 5.91 7.37 6.95 5.92
OPM % 55.46% 48.40% 81.41% 9.98% 41.08% 59.90% 50.58% 58.11% 68.24% 65.34% 53.54% 45.93%
-0.01 0.00 -0.01 0.00 0.00 0.01 0.14 0.02 0.00 0.00 0.00 0.16
Interest 2.08 3.28 4.32 4.64 4.22 9.89 5.65 1.55 1.92 3.14 3.70 3.83
Depreciation 0.89 0.90 1.14 1.11 0.93 0.78 0.78 0.74 0.71 0.63 0.52 0.48
Profit before tax 1.49 2.02 1.58 2.02 3.46 3.01 0.21 2.96 3.28 3.60 2.73 1.77
Tax % 24.83% 32.18% 9.49% 17.82% 25.43% 23.26% -104.76% 33.45% 29.57% 32.50% 16.12% 20.90%
1.12 1.37 1.43 1.66 2.59 2.30 0.43 1.97 2.30 2.44 2.29 1.40
EPS in Rs 0.22 0.27 0.29 0.33 0.52 0.23 0.04 0.20 0.16 0.12 0.12 0.07
Dividend Payout % 89.29% 72.99% 69.93% 60.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: 0%
3 Years: 14%
TTM: -1%
Compounded Profit Growth
10 Years: 0%
5 Years: 27%
3 Years: -15%
TTM: -39%
Stock Price CAGR
10 Years: 47%
5 Years: 88%
3 Years: 143%
1 Year: 91%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10.00 10.00 10.00 10.00 10.00 20.00 20.00 20.00 28.57 49.76 99.51 199.38
Reserves 39.11 39.48 39.84 40.50 43.09 117.10 118.70 145.93 172.43 246.93 203.96 114.01
22.12 26.22 32.06 29.79 48.51 109.34 0.90 23.30 33.92 27.70 39.93 35.89
4.17 4.57 4.63 4.92 14.30 8.56 2.84 3.04 3.29 3.60 4.11 4.03
Total Liabilities 75.40 80.27 86.53 85.21 115.90 255.00 142.44 192.27 238.21 327.99 347.51 353.31
26.81 26.01 24.77 24.01 23.63 65.27 64.50 63.78 63.07 62.78 62.33 62.00
CWIP 0.00 0.00 0.00 0.00 0.14 0.13 0.09 0.11 0.13 0.00 0.00 0.00
Investments 31.37 31.30 45.77 45.83 49.90 94.78 68.96 88.83 133.83 209.98 239.27 270.85
17.22 22.96 15.99 15.37 42.23 94.82 8.89 39.55 41.18 55.23 45.91 20.46
Total Assets 75.40 80.27 86.53 85.21 115.90 255.00 142.44 192.27 238.21 327.99 347.51 353.31

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6.81 0.22 14.05 8.36 -17.89 -37.36 -1.08 -2.81 13.00 5.86 4.82 0.76
-10.15 -0.04 -14.41 -0.35 -4.75 -45.56 117.70 -46.35 -57.90 -89.51 18.43 -22.79
16.96 -0.19 0.49 -7.95 23.81 81.94 -110.98 46.34 41.77 83.92 8.30 -8.67
Net Cash Flow 0.00 -0.01 0.13 0.06 1.16 -0.97 5.65 -2.82 -3.13 0.26 31.54 -30.69

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80.16 5.13 5.48 3.23 17.24 28.63 39.48 144.38 22.34 19.41 79.30 41.34
Inventory Days 59.84 20.16 0.70 12.82
Days Payable 33.91 6.26 4.67 40.72
Cash Conversion Cycle 106.08 19.03 5.48 -0.74 -10.66 28.63 39.48 144.38 22.34 19.41 79.30 41.34
Working Capital Days 505.38 476.12 381.02 39.14 658.78 1,340.84 26.98 1,200.04 1,674.11 1,725.34 331.82 484.21
ROCE % 6.16% 7.21% 7.50% 8.21% 8.44% 7.41% 3.04% 2.74% 2.45% 2.41% 1.93%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.31% 64.31% 64.31% 51.45% 51.45% 51.46% 51.46% 55.32% 55.98% 56.27% 57.98% 58.21%
5.02% 5.02% 5.02% 7.18% 7.03% 14.09% 14.09% 15.12% 14.97% 15.44% 13.58% 12.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.05% 0.06%
0.00% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.66% 30.66% 30.65% 41.36% 41.51% 34.46% 34.47% 29.56% 29.05% 28.26% 28.41% 29.29%
No. of Shareholders 1,9472,5042,5413,5603,6095,2045,0575,1016,2027,2348,09618,513

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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