Choice International Ltd
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]
- Market Cap ₹ 6,480 Cr.
- Current Price ₹ 325
- High / Low ₹ 336 / 162
- Stock P/E 53.8
- Book Value ₹ 26.9
- Dividend Yield 0.00 %
- ROCE 15.8 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 37.5% CAGR over last 5 years
Cons
- Stock is trading at 12.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.8% over last 3 years.
- Company might be capitalizing the interest cost
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 42 | 62 | 62 | 187 | 134 | 152 | 121 | 132 | 176 | 285 | 393 | 672 | |
39 | 32 | 46 | 36 | 160 | 103 | 113 | 85 | 93 | 134 | 194 | 286 | 477 | |
Operating Profit | 9 | 10 | 16 | 26 | 28 | 30 | 39 | 36 | 39 | 41 | 92 | 107 | 195 |
OPM % | 18% | 24% | 25% | 42% | 15% | 23% | 26% | 29% | 29% | 23% | 32% | 27% | 29% |
0 | 0 | 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 10 | |
Interest | 3 | 3 | 9 | 17 | 19 | 19 | 21 | 20 | 17 | 15 | 15 | 22 | 34 |
Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 5 | 6 |
Profit before tax | 5 | 6 | 6 | 6 | 7 | 10 | 16 | 12 | 18 | 23 | 74 | 82 | 166 |
Tax % | 28% | 35% | 38% | 25% | 39% | 41% | 24% | 28% | 32% | 27% | 27% | 27% | |
4 | 4 | 3 | 5 | 4 | 6 | 12 | 6 | 12 | 17 | 54 | 60 | 122 | |
EPS in Rs | 0.98 | 0.73 | 0.70 | 1.02 | 0.86 | 1.26 | 1.22 | 0.59 | 1.24 | 1.17 | 2.69 | 3.03 | 6.06 |
Dividend Payout % | 20% | 27% | 29% | 20% | 23% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 21% |
3 Years: | 44% |
TTM: | 96% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 37% |
3 Years: | 69% |
TTM: | 167% |
Stock Price CAGR | |
---|---|
10 Years: | 46% |
5 Years: | 82% |
3 Years: | 139% |
1 Year: | 99% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 29 | 50 | 100 | 100 |
Reserves | 23 | 44 | 46 | 50 | 53 | 60 | 146 | 154 | 193 | 234 | 360 | 378 | 436 |
19 | 29 | 96 | 121 | 119 | 147 | 177 | 166 | 143 | 151 | 220 | 206 | 404 | |
15 | 32 | 38 | 46 | 49 | 70 | 84 | 133 | 146 | 240 | 346 | 424 | 565 | |
Total Liabilities | 64 | 114 | 189 | 227 | 232 | 287 | 428 | 473 | 502 | 655 | 976 | 1,107 | 1,506 |
29 | 28 | 32 | 32 | 34 | 37 | 78 | 98 | 88 | 86 | 88 | 126 | 133 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 0 | 0 | 0 | 0 | 5 | 0 |
Investments | 17 | 15 | 26 | 22 | 22 | 26 | 47 | 22 | 20 | 7 | 11 | 11 | 14 |
18 | 70 | 131 | 173 | 175 | 222 | 299 | 352 | 395 | 562 | 877 | 965 | 1,358 | |
Total Assets | 64 | 114 | 189 | 227 | 232 | 287 | 428 | 473 | 502 | 655 | 976 | 1,107 | 1,506 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | -5 | -14 | -22 | 28 | -20 | 4 | -36 | 26 | -45 | -34 | 263 | |
-16 | -14 | -40 | 13 | 5 | -11 | -22 | 54 | 13 | 15 | -123 | -180 | |
3 | 19 | 57 | 6 | -22 | 21 | 39 | -28 | -15 | 23 | 152 | -21 | |
Net Cash Flow | 1 | 0 | 3 | -3 | 11 | -9 | 21 | -11 | 24 | -7 | -5 | 62 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 45 | 274 | 308 | 572 | 169 | 313 | 281 | 201 | 251 | 158 | 104 | 107 |
Inventory Days | 34 | 145 | 584 | 32 | 206 | 284 | ||||||
Days Payable | 88 | 952 | 1,984 | 164 | 136 | 160 | ||||||
Cash Conversion Cycle | -8 | 274 | -499 | -828 | 38 | 383 | 405 | 201 | 251 | 158 | 104 | 107 |
Working Capital Days | 18 | 128 | 242 | 490 | 148 | 323 | 350 | 586 | 553 | 570 | 479 | 209 |
ROCE % | 15% | 13% | 12% | 14% | 14% | 15% | 13% | 10% | 10% | 10% | 17% | 16% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12h - Newspaper Publication of the Extra-ordinary General Meeting to be held on May 16, 2024 via Audio Visual means
- Intimation Of Extra Ordinary General Meeting Of The Company 1d
- Intimation Of Extra Ordinary General Meeting Of The Company 1d
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Announcement under Regulation 30 (LODR)-Preferential Issue
2d - Raise funds by way of Preferential Issue of Warrants , the details of which are hereby enclosed.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Jan 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
Business Segments