Choksi Asia Ltd

Choksi Asia Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Choksi Asia Ltd

₹ 133 4.95%
29 May - close price
choksiworld.com BSE: 530427
About

Incorporated in 1992, Choksi Imaging Ltd manufactures and trades X-ray films that find application in medical imaging. In addition, it is engaged in the trading of various items used in the healthcare industry.

Key Points

Business Transformation[1]
Choksi Asia Limited (formerly Choksi Imaging Limited) was historically engaged in the trading of medical X-ray films and related consumables for diagnostic imaging. With the shift towards digital imaging technologies reducing demand for conventional X-ray films, the Company undertook a strategic transition. Pursuant to the amalgamation with Choksi Asia Private Limited, it has diversified into the Non-Destructive Testing (NDT) segment, marking a shift from a declining industry to a technology-driven growth sector.

Website BSE
  • Market Cap ₹ 75.6 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 213 / 75.0
  • Stock P/E 14.2
  • Book Value ₹ 73.9
  • Dividend Yield 0.00 %
  • ROCE 18.5 %
  • ROE 14.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.1% over last 3 years.

* 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

Healthcare Healthcare Healthcare Equipment & Supplies Medical Equipment & Supplies

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0.28 0.40 0.52 3.04 0.15 1.37 8.42 8.67 12.15 11.90 13.29 12.26 11.86
0.45 0.77 1.15 3.23 0.56 1.09 7.45 8.95 10.91 10.51 11.69 10.47 9.86
Operating Profit -0.17 -0.37 -0.63 -0.19 -0.41 0.28 0.97 -0.28 1.24 1.39 1.60 1.79 2.00
OPM % -60.71% -92.50% -121.15% -6.25% -273.33% 20.44% 11.52% -3.23% 10.21% 11.68% 12.04% 14.60% 16.86%
0.24 0.38 0.20 0.47 0.25 0.19 0.24 0.82 0.23 0.29 0.29 0.52 0.31
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.12 0.09 0.10 0.14 0.09 0.09
Depreciation 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.05 0.04 0.06 0.08 0.05 0.07
Profit before tax 0.03 -0.03 -0.47 0.23 -0.20 0.43 1.04 0.37 1.34 1.52 1.67 2.17 2.15
Tax % -33.33% 0.00% 0.00% -173.91% -255.00% 16.28% 36.54% 40.54% 47.01% 28.95% 19.16% 1.38% 65.12%
0.04 -0.03 -0.47 0.63 0.31 0.36 0.65 0.22 0.71 1.07 1.35 2.13 0.75
EPS in Rs 0.10 -0.08 -1.21 1.62 0.79 0.92 1.67 0.56 1.82 1.88 2.37 3.74 1.32
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
108.03 45.96 27.26 23.08 17.33 16.00 11.16 2.46 0.77 15.99 36.98 49.31
106.19 43.40 26.31 21.77 17.75 17.42 12.85 3.92 2.21 16.01 33.17 42.52
Operating Profit 1.84 2.56 0.95 1.31 -0.42 -1.42 -1.69 -1.46 -1.44 -0.02 3.81 6.79
OPM % 1.70% 5.57% 3.48% 5.68% -2.42% -8.88% -15.14% -59.35% -187.01% -0.13% 10.30% 13.77%
0.07 0.40 0.43 0.74 1.64 1.06 4.58 1.14 1.16 2.10 1.58 1.40
Interest 1.56 0.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.40 0.48 0.42
Depreciation 0.44 0.41 0.39 0.22 0.21 0.17 0.19 0.17 0.16 0.18 0.18 0.27
Profit before tax -0.09 2.18 0.99 1.83 1.01 -0.53 2.70 -0.49 -0.44 1.50 4.73 7.50
Tax % -577.78% 0.92% 22.22% 30.05% 14.85% 5.66% 29.26% -12.24% 6.82% 7.33% 34.25% 28.93%
0.42 2.17 0.77 1.29 0.86 -0.56 1.91 -0.42 -0.48 1.39 3.10 5.33
EPS in Rs 1.08 5.56 1.97 3.31 2.21 -1.44 4.90 -1.08 -1.23 3.56 7.95 9.35
Dividend Payout % 46.43% 17.97% 37.99% 22.67% 22.67% 0.00% 51.05% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: 35%
3 Years: 300%
TTM: 33%
Compounded Profit Growth
10 Years: 9%
5 Years: 23%
3 Years: 136%
TTM: 72%
Stock Price CAGR
10 Years: 17%
5 Years: 36%
3 Years: 39%
1 Year: 27%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 11%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 5.70 5.70 11.09
Reserves 8.31 10.01 10.99 11.92 12.42 11.62 13.53 12.09 11.62 22.37 25.79 31.02
6.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.21 10.16 1.92
17.09 22.45 20.80 20.88 20.91 20.08 3.79 2.42 2.53 4.51 5.52 3.40
Total Liabilities 35.73 36.36 35.69 36.70 37.23 35.60 21.22 18.41 18.05 41.79 47.17 47.43
8.81 8.50 8.03 7.81 7.51 7.34 6.12 5.95 5.79 14.95 15.58 16.39
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 3.87 7.49 5.36 2.93 6.87 0.78 3.35 0.00 0.00 0.00 0.00
26.92 23.99 20.17 23.53 26.79 21.39 14.32 9.11 12.26 26.84 31.59 31.04
Total Assets 35.73 36.36 35.69 36.70 37.23 35.60 21.22 18.41 18.05 41.79 47.17 47.43

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10.64 7.93 1.65 5.49 2.42 -2.52 -2.82 -0.56 -2.52 2.68 -2.87
-0.12 -0.17 -0.01 0.00 0.58 -0.01 1.96 -2.49 3.35 1.52 0.63
-11.45 -6.90 0.00 -0.35 -0.35 -0.24 0.00 -0.98 0.00 0.47 -1.20
Net Cash Flow -0.94 0.86 1.65 5.14 2.64 -2.77 -0.85 -4.02 0.83 4.67 -3.43
Free Cash Flow 10.52 7.76 1.64 5.49 3.00 -2.53 -0.86 -0.56 -2.52 2.79 -3.69
CFO/OP 578% 308% 174% 422% -581% 177% 153% 25% 175% -13,400% -75%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 32.77 63.45 78.86 106.43 103.41 107.68 32.71 89.02 180.13 81.72 82.22 70.02
Inventory Days 46.51 101.48 125.37 89.13 155.93 112.84 34.47 71.32 1,971.00 149.98 106.20 86.11
Days Payable 53.76 209.89 350.06 406.96 502.85 531.07 44.81 27.27 87.60 46.49 39.44 13.71
Cash Conversion Cycle 25.52 -44.96 -145.82 -211.39 -243.51 -310.55 22.37 133.08 2,063.53 185.21 148.99 142.42
Working Capital Days 4.05 -12.31 -74.85 -114.50 -139.43 -178.17 77.19 381.32 2,360.65 131.25 138.28 133.98
ROCE % 6.00% 15.67% 6.53% 9.64% 5.66% -3.33% 16.39% -2.93% -2.79% 7.20% 13.20% 18.49%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Energy Savings from AC Plant Upgrade
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Trade Receivables Turnover Ratio
Times
Technical Certification Bench (ASNT Level II & III)
Number (Qualitative Presence)

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Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
63.44% 63.44% 63.44% 63.44% 63.44% 62.22% 62.22% 62.22% 62.22% 71.15% 71.15% 71.15%
36.56% 36.55% 36.55% 36.55% 36.56% 37.77% 37.78% 37.77% 37.78% 28.85% 28.84% 28.85%
No. of Shareholders 3,0333,0293,0553,1003,0012,9763,2773,1893,1323,0873,0382,982

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