Choice International Ltd

₹ 746 0.13%

04 Nov - close price

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 ₹ 16,618 Cr.
Current Price ₹ 746
High / Low ₹ 860 / 569
Stock P/E 1,043
Book Value ₹ 47.2
Dividend Yield 0.00 %
ROCE 1.22 %
ROE 0.66 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company is expected to give good quarter

Cons

Stock is trading at 15.8 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 1.00% over last 3 years.
Working capital days have increased from 2,201 days to 4,296 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 Diversified Financials Revenue Growth Nifty 500 Multicap 50:25:25 BSE 500 BSE Financial Services BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty Total Market Nifty Smallcap250 Momentum Quality 100 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000 Nifty MidSmallcap400 50:50 Nifty MidSmallcap 400 Nifty Smallcap 500 Nifty Smallcap 250 Nifty 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	3.49	3.14	2.72	7.00	5.81	6.37	5.27	6.58	3.87	7.60	9.65	11.39	13.42
YoY Sales growth	+17.51%	-8.72%	-25.27%	+97.18%	+66.48%	+102.87%	+93.75%	-6.00%	-33.39%	+19.31%	+83.11%	+73.10%	+246.77%
	1.78	1.62	1.83	2.31	2.42	2.86	3.31	4.06	4.07	5.29	4.22	4.56	3.46
Operating Profit	1.71	1.52	0.89	4.69	3.39	3.51	1.96	2.52	-0.20	2.31	5.43	6.83	9.96
OPM %	49.00%	48.41%	32.72%	67.00%	58.35%	55.10%	37.19%	38.30%	-5.17%	30.39%	56.27%	59.96%	74.22%
	0.00	0.00	0.15	0.00	0.00	0.02	0.48	0.45	0.11	0.14	0.04	0.22	0.01
Interest	1.00	0.96	0.90	0.95	0.39	0.42	0.38	0.63	0.58	0.66	0.36	0.28	0.31
Depreciation	0.12	0.12	0.11	0.11	0.12	0.12	0.13	0.30	0.30	0.31	0.33	0.32	0.32
Profit before tax	0.59	0.44	0.03	3.63	2.88	2.99	1.93	2.04	-0.97	1.48	4.78	6.45	9.34
Tax %	25.42%	15.91%	-33.33%	17.63%	23.26%	36.45%	36.27%	23.04%	-23.71%	54.05%	24.90%	30.23%	23.13%
	0.43	0.38	0.04	3.00	2.21	1.90	1.23	1.56	-0.74	0.68	3.58	4.50	7.18
EPS in Rs	0.02	0.02	0.00	0.15	0.11	0.10	0.06	0.08	-0.04	0.03	0.16	0.20	0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	9	78	21	23	13	9	9	11	13	13	25	28	42
Sales growth	-32%	+799%	-73%	+9%	-44%	-30%	-4%	+30%	+15%	+0%	+91%	+14%	+90%
	2	70	12	9	6	4	3	4	6	7	11	18	18
Operating Profit	7	8	9	14	6	5	6	7	7	6	14	11	25
OPM %	81%	10%	41%	60%	51%	58%	68%	65%	54%	47%	56%	38%	58%
	-0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	4	5	4	10	6	2	2	3	4	4	2	2	2
Depreciation	1	1	1	1	1	1	1	1	1	0	0	1	1
Profit before tax	2	2	3	3	0	3	3	4	3	2	11	7	22
Tax %	9%	18%	25%	23%	-105%	33%	30%	32%	16%	21%	27%	30%
	1	2	3	2	0	2	2	2	2	1	8	5	16
EPS in Rs	0.30	0.35	0.54	0.24	0.04	0.21	0.17	0.12	0.12	0.07	0.42	0.23	0.71
Dividend Payout %	70%	60%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-10%
5 Years:	27%
3 Years:	30%
TTM:	90%

Compounded Profit Growth
10 Years:	12%
5 Years:	17%
3 Years:	31%
TTM:	304%

Stock Price CAGR
10 Years:	53%
5 Years:	85%
3 Years:	54%
1 Year:	-8%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	1%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	10	10	10	20	20	20	29	50	100	199	200	223	223
Reserves	40	40	53	117	119	146	172	247	204	114	301	813	830
	32	30	49	109	1	23	34	28	40	36	14	13	13
	5	5	4	9	3	3	3	4	4	4	6	6	10
Total Liabilities	87	85	116	255	142	192	238	328	348	353	521	1,055	1,075
	25	24	24	65	64	64	63	63	62	62	110	109	111
CWIP	0	0	0	0	0	0	0	0	0	0	2	10	12
Investments	46	46	50	95	69	89	134	210	239	271	280	529	577
	16	15	42	95	9	40	41	55	46	20	129	408	374
Total Assets	87	85	116	255	142	192	238	328	348	353	521	1,055	1,075

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14	8	-18	-37	-1	-3	13	6	48	1	-100	-201
	-14	-0	-5	-46	118	-46	-58	-90	-24	-23	-49	-250
	0	-8	24	82	-111	46	42	84	8	-9	150	517
Net Cash Flow	0	0	1	-1	6	-3	-3	0	32	-31	0	66
Free Cash Flow	14	8	-19	-38	-1	-3	13	6	48	1	-150	-210
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	201%	110%	-202%	-267%	-10%	-40%	226%	96%	696%	22%	-699%	-1,843%

Ratios

Standalone / View Consolidated

	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	5	3	17	29	39	144	22	19	79	41	21	35
Inventory Days		1	13
Days Payable		5	41
Cash Conversion Cycle	5	-1	-11	29	39	144	22	19	79	41	21	35
Working Capital Days	-441	-48	-128	-358	27	1,200	1,674	1,725	332	478	1,828	4,296
ROCE %	8%	8%	8%	7%	3%	3%	2%	2%	2%	2%	3%	1%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Choice Business Associates (CBAs)
count

x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xxx	xxx	xxx	xxx	xxx	xxx	x,xxx	x,xxx
xx	xx	xxx	xxx	xxx	xxx	xxx	xxx
xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xxx.xx	xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx
			x.xx	x.xx	x.xx	x.xx	x.xx
			xxx	xxx	xxx	xxx	xxx

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Demat Accounts (Stock Broking Client Base)
thousands

Insurance Premium Generated
Rs Mn

NBFC Total Loan Book (AUM)
Rs Mn

Number of Insurance Policies Sold
count

Wealth Products AUM
Rs Mn

Advisory Order Book
Rs Bn

Stock Broking Client Assets (AUM)
Rs Bn

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	57.98%	58.21%	58.21%	58.21%	58.21%	58.13%	56.44%	56.61%	53.66%	53.66%	53.66%	53.66%
	13.58%	12.44%	12.22%	12.72%	13.70%	13.63%	13.97%	12.97%	12.16%	11.41%	10.10%	9.97%
	0.05%	0.06%	0.07%	0.09%	0.18%	0.16%	0.19%	0.28%	0.30%	0.35%	0.28%	0.29%
	28.41%	29.29%	29.51%	28.98%	27.92%	28.09%	29.39%	30.15%	33.89%	34.59%	35.97%	36.08%
No. of Shareholders	8,096	18,513	18,524	19,415	23,768	21,984	25,307	27,094	26,659	26,091	25,427	24,948

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	46.84%	73.42%	73.42%	73.42%	63.53%	51.45%	55.32%	58.21%	58.13%	53.66%	53.66%
	0.00%	0.00%	0.00%	0.00%	0.00%	7.18%	15.12%	12.44%	13.63%	11.41%	9.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.16%	0.35%	0.29%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	53.16%	26.58%	26.58%	26.58%	36.46%	41.36%	29.56%	29.29%	28.09%	34.59%	36.08%
No. of Shareholders	2,148	2,188	2,145	2,091	1,925	3,560	5,101	18,513	21,984	26,091	24,948

* 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.

Click on the line-items to see the names of individual entities.

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