Choice International Ltd
Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]
- Market Cap ₹ 16,139 Cr.
- Current Price ₹ 784
- High / Low ₹ 841 / 438
- Stock P/E
- Book Value ₹ 31.1
- Dividend Yield 0.00 %
- ROCE 3.15 %
- ROE 2.05 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 47.2 to 21.4 days.
Cons
- Stock is trading at 25.2 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 1.18% over last 3 years.
- Working capital days have increased from 877 days to 1,822 days
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12.81 | 8.66 | 77.86 | 20.96 | 22.82 | 12.85 | 9.00 | 8.66 | 11.28 | 12.98 | 13.04 | 24.96 | |
| 6.61 | 1.61 | 70.09 | 12.35 | 9.15 | 6.35 | 3.77 | 2.75 | 3.91 | 6.03 | 6.92 | 10.89 | |
| Operating Profit | 6.20 | 7.05 | 7.77 | 8.61 | 13.67 | 6.50 | 5.23 | 5.91 | 7.37 | 6.95 | 6.12 | 14.07 |
| OPM % | 48.40% | 81.41% | 9.98% | 41.08% | 59.90% | 50.58% | 58.11% | 68.24% | 65.34% | 53.54% | 46.93% | 56.37% |
| -0.00 | -0.01 | -0.00 | -0.00 | 0.01 | 0.14 | 0.02 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | |
| Interest | 3.28 | 4.32 | 4.64 | 4.22 | 9.89 | 5.65 | 1.55 | 1.92 | 3.14 | 3.70 | 3.87 | 2.16 |
| Depreciation | 0.90 | 1.14 | 1.11 | 0.93 | 0.78 | 0.78 | 0.74 | 0.71 | 0.63 | 0.52 | 0.48 | 0.47 |
| Profit before tax | 2.02 | 1.58 | 2.02 | 3.46 | 3.01 | 0.21 | 2.96 | 3.28 | 3.60 | 2.73 | 1.77 | 11.44 |
| Tax % | 32.18% | 9.49% | 17.82% | 25.43% | 23.26% | -104.76% | 33.45% | 29.57% | 32.50% | 16.12% | 20.90% | 27.01% |
| 1.37 | 1.43 | 1.66 | 2.59 | 2.30 | 0.43 | 1.97 | 2.30 | 2.44 | 2.29 | 1.40 | 8.34 | |
| EPS in Rs | 0.27 | 0.29 | 0.33 | 0.52 | 0.23 | 0.04 | 0.20 | 0.16 | 0.12 | 0.12 | 0.07 | 0.42 |
| Dividend Payout % | 72.99% | 69.93% | 60.24% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 23% |
| 3 Years: | 30% |
| TTM: | 91% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 33% |
| 3 Years: | 51% |
| TTM: | 496% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 62% |
| 5 Years: | 99% |
| 3 Years: | 79% |
| 1 Year: | 55% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 10.00 | 10.00 | 10.00 | 20.00 | 20.00 | 20.00 | 28.57 | 49.76 | 99.51 | 199.38 | 199.66 | 205.66 |
| Reserves | 39.48 | 39.84 | 40.50 | 53.09 | 117.10 | 118.70 | 145.93 | 172.43 | 246.93 | 203.96 | 114.01 | 301.34 | 433.13 |
| 26.22 | 32.06 | 29.79 | 48.51 | 109.34 | 0.90 | 23.30 | 33.92 | 27.70 | 39.93 | 35.89 | 13.89 | 23.52 | |
| 4.57 | 4.63 | 4.92 | 4.30 | 8.56 | 2.84 | 3.04 | 3.29 | 3.60 | 4.12 | 4.03 | 5.62 | 6.28 | |
| Total Liabilities | 80.27 | 86.53 | 85.21 | 115.90 | 255.00 | 142.44 | 192.27 | 238.21 | 327.99 | 347.52 | 353.31 | 520.51 | 668.59 |
| 26.01 | 24.77 | 24.01 | 23.63 | 65.27 | 64.50 | 63.78 | 63.07 | 62.78 | 62.33 | 62.00 | 109.52 | 111.08 | |
| CWIP | -0.00 | -0.00 | -0.00 | 0.14 | 0.13 | 0.09 | 0.11 | 0.13 | -0.00 | -0.00 | -0.00 | 1.82 | 1.21 |
| Investments | 31.30 | 45.77 | 45.83 | 49.90 | 94.78 | 68.96 | 88.83 | 133.83 | 209.98 | 239.27 | 270.85 | 280.38 | 440.07 |
| 22.96 | 15.99 | 15.37 | 42.23 | 94.82 | 8.89 | 39.55 | 41.18 | 55.23 | 45.92 | 20.46 | 128.79 | 116.23 | |
| Total Assets | 80.27 | 86.53 | 85.21 | 115.90 | 255.00 | 142.44 | 192.27 | 238.21 | 327.99 | 347.52 | 353.31 | 520.51 | 668.59 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.22 | 14.05 | 8.36 | -17.89 | -37.36 | -1.08 | -2.81 | 13.00 | 5.86 | 47.74 | 0.76 | -99.67 | |
| -0.04 | -14.41 | -0.35 | -4.75 | -45.56 | 117.70 | -46.35 | -57.90 | -89.51 | -24.47 | -22.79 | -49.41 | |
| -0.19 | 0.49 | -7.95 | 23.81 | 81.94 | -110.98 | 46.34 | 41.77 | 83.92 | 8.27 | -8.67 | 149.55 | |
| Net Cash Flow | -0.01 | 0.13 | 0.06 | 1.16 | -0.97 | 5.65 | -2.82 | -3.13 | 0.26 | 31.54 | -30.69 | 0.47 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5.13 | 5.48 | 3.23 | 17.24 | 28.63 | 39.48 | 144.38 | 22.34 | 19.41 | 79.30 | 40.87 | 21.35 |
| Inventory Days | 20.16 | 0.70 | 12.82 | |||||||||
| Days Payable | 6.26 | 4.67 | 40.72 | |||||||||
| Cash Conversion Cycle | 19.03 | 5.48 | -0.74 | -10.66 | 28.63 | 39.48 | 144.38 | 22.34 | 19.41 | 79.30 | 40.87 | 21.35 |
| Working Capital Days | 26.78 | -441.29 | -47.77 | -127.65 | -358.44 | 1.42 | 255.09 | 1,674.11 | 1,725.34 | 332.10 | 478.36 | 1,821.78 |
| ROCE % | 7.21% | 7.50% | 8.21% | 8.00% | 7.21% | 3.04% | 2.74% | 2.45% | 2.41% | 1.93% | 1.63% | 3.15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
23h - 33,33,333 shares allotted to Plutus on Nov 12, 2025; INR 74.99 crore received; paid-up capital 20,89,88,833.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
6 Nov - CCSPL partners with SolarEra; 49% dilution in MH-1/MH-2; consideration Rs22.54L and Rs27.44L; SPA Nov 5, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 Oct - Earnings Call Transcript for Q2 & H1 FY26 Results
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Oct - Acquires businesses adding ₹635 crore AUM (Fintoo, Glory Prime, Himachal MFDs); announced October 23, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Oct - Newspaper Publication for the Un-Audited Financial Results for the Quarter and Half Year ended September 30, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
from bse
Concalls
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Oct 2025TranscriptNotesPPT REC
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Jul 2025Transcript PPT
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Apr 2025Transcript PPT REC
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Jan 2025TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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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 Overview:[1]
CIL, part of the Choice Group, offers a wide range of financial services through its subsidiaries. Its key offerings include Broking & Distribution, NBFC Services, and Advisory, covering Government Infrastructure Consultancy, Government Advisory, and Investment Banking.