Choice International Ltd

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

Choice International Ltd

₹ 634 -1.17%
07 Apr 9:58 a.m.
choiceindia.com BSE: 531358 NSE: CHOICEIN
About

Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 14,123 Cr.
  • Current Price ₹ 634
  • High / Low ₹ 860 / 493
  • Stock P/E 988
  • Book Value ₹ 25.1
  • Dividend Yield 0.00 %
  • ROCE 3.15 %
  • ROE 2.05 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 33.5% CAGR over last 5 years
  • Debtor days have improved from 47.2 to 21.4 days.

Cons

  • Stock is trading at 25.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.95%
  • 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.

Peer comparison

Financial Services Financial Services Finance Holding Company

Part of BSE 500 Nifty 500 BSE Allcap BSE Financial Services BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Dec 2025
2.97 3.44 3.64 3.55 3.49 3.14 2.72 7.00 5.81 6.37 5.27 6.58 7.60
1.42 1.82 1.51 1.75 1.78 1.62 1.83 2.31 2.42 2.86 3.31 4.06 5.29
Operating Profit 1.55 1.62 2.13 1.80 1.71 1.52 0.89 4.69 3.39 3.51 1.96 2.52 2.31
OPM % 52.19% 47.09% 58.52% 50.70% 49.00% 48.41% 32.72% 67.00% 58.35% 55.10% 37.19% 38.30% 30.39%
0.01 0.02 0.01 0.01 -0.00 -0.00 0.15 -0.00 -0.00 0.02 0.48 0.45 0.14
Interest 0.79 0.99 1.17 0.98 1.00 0.96 0.90 0.95 0.39 0.42 0.38 0.63 0.66
Depreciation 0.13 0.13 0.13 0.12 0.12 0.12 0.11 0.11 0.12 0.12 0.13 0.30 0.31
Profit before tax 0.64 0.52 0.84 0.71 0.59 0.44 0.03 3.63 2.88 2.99 1.93 2.04 1.48
Tax % 26.56% 30.77% -11.90% 23.94% 25.42% 15.91% -33.33% 17.63% 23.26% 36.45% 36.27% 23.04% 54.05%
0.46 0.37 0.93 0.54 0.43 0.38 0.04 3.00 2.21 1.90 1.23 1.56 0.68
EPS in Rs 0.02 0.02 0.05 0.03 0.02 0.02 0.00 0.15 0.11 0.10 0.06 0.08 0.03
Raw PDF

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: 53%
5 Years: 90%
3 Years: 66%
1 Year: 32%
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
Free Cash Flow 0.12 14.05 8.01 -18.57 -38.07 -1.05 -2.84 12.97 5.51 47.66 0.62 -149.49
CFO/OP 10% 201% 110% -202% -267% -10% -40% 226% 96% 696% 22% -695%

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 26.98 1,200.04 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%

Insights

In beta
Mar 2015 Mar 2019 Mar 2020 Dec 2021 Mar 2023 Mar 2024 Mar 2025
Number of Choice Business Associates (CBAs)
Number

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Number of Branches
Number
Total Loan Book (NBFC AUM)
INR Bn
Advisory Order Book
INR Bn

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
55.32% 55.98% 56.27% 57.98% 58.21% 58.21% 58.21% 58.21% 58.13% 56.44% 56.61% 53.66%
15.12% 14.97% 15.44% 13.58% 12.44% 12.22% 12.72% 13.70% 13.63% 13.97% 12.97% 12.16%
0.00% 0.00% 0.04% 0.05% 0.06% 0.07% 0.09% 0.18% 0.16% 0.19% 0.28% 0.30%
29.56% 29.05% 28.26% 28.41% 29.29% 29.51% 28.98% 27.92% 28.09% 29.39% 30.15% 33.89%
No. of Shareholders 5,1016,2027,2348,09618,51318,52419,41523,76821,98425,30727,09426,659

* 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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