Choice International Ltd
Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]
- Market Cap ₹ 17,055 Cr.
- Current Price ₹ 766
- High / Low ₹ 860 / 438
- Stock P/E 94.0
- Book Value ₹ 59.5
- Dividend Yield 0.00 %
- ROCE 20.0 %
- ROE 19.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 67.2% CAGR over last 5 years
- Company's median sales growth is 21.8% of last 10 years
Cons
- Stock is trading at 12.9 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%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 62 | 187 | 134 | 152 | 121 | 132 | 176 | 285 | 393 | 756 | 921 | 971 | |
| 46 | 36 | 160 | 103 | 113 | 85 | 93 | 134 | 194 | 286 | 531 | 626 | 643 | |
| Operating Profit | 16 | 26 | 28 | 30 | 39 | 36 | 39 | 41 | 92 | 107 | 225 | 295 | 329 |
| OPM % | 25% | 42% | 15% | 23% | 26% | 29% | 29% | 23% | 32% | 27% | 30% | 32% | 34% |
| 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 1 | 17 | |
| Interest | 9 | 17 | 19 | 19 | 21 | 20 | 17 | 15 | 15 | 22 | 41 | 66 | 80 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 5 | 7 | 8 | 12 |
| Profit before tax | 6 | 6 | 7 | 10 | 16 | 12 | 18 | 23 | 74 | 82 | 181 | 221 | 255 |
| Tax % | 38% | 25% | 39% | 41% | 24% | 28% | 32% | 27% | 27% | 27% | 28% | 26% | |
| 3 | 5 | 4 | 6 | 12 | 6 | 12 | 17 | 54 | 60 | 131 | 163 | 189 | |
| EPS in Rs | 0.70 | 1.02 | 0.86 | 1.26 | 1.22 | 0.59 | 1.24 | 1.17 | 2.69 | 3.02 | 6.56 | 8.15 | 8.94 |
| Dividend Payout % | 29% | 20% | 23% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 47% |
| 3 Years: | 48% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 41% |
| 5 Years: | 67% |
| 3 Years: | 45% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 59% |
| 5 Years: | 102% |
| 3 Years: | 81% |
| 1 Year: | 50% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 10 | 10 | 10 | 20 | 20 | 20 | 29 | 50 | 100 | 199 | 200 | 206 |
| Reserves | 46 | 50 | 53 | 70 | 146 | 154 | 193 | 234 | 360 | 378 | 432 | 828 | 1,018 |
| 96 | 121 | 119 | 147 | 177 | 166 | 143 | 151 | 220 | 206 | 455 | 679 | 488 | |
| 38 | 46 | 49 | 60 | 84 | 133 | 146 | 240 | 346 | 424 | 718 | 909 | 1,140 | |
| Total Liabilities | 189 | 227 | 232 | 287 | 428 | 473 | 502 | 655 | 976 | 1,107 | 1,805 | 2,615 | 2,852 |
| 32 | 32 | 34 | 37 | 78 | 98 | 88 | 86 | 88 | 126 | 134 | 260 | 276 | |
| CWIP | 0 | 0 | 0 | 1 | 4 | 0 | 0 | 0 | 0 | 5 | 7 | 5 | 3 |
| Investments | 26 | 22 | 22 | 26 | 47 | 22 | 20 | 7 | 11 | 11 | 23 | 59 | 119 |
| 131 | 173 | 175 | 222 | 299 | 352 | 395 | 562 | 877 | 965 | 1,641 | 2,292 | 2,455 | |
| Total Assets | 189 | 227 | 232 | 287 | 428 | 473 | 502 | 655 | 976 | 1,107 | 1,805 | 2,615 | 2,852 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -14 | -22 | 28 | -20 | 4 | -36 | 26 | -45 | -34 | 138 | -153 | -294 | |
| -40 | 13 | 5 | -11 | -22 | 54 | 13 | 15 | -123 | -48 | -13 | -161 | |
| 57 | 6 | -22 | 21 | 39 | -28 | -15 | 23 | 152 | -29 | 224 | 449 | |
| Net Cash Flow | 3 | -3 | 11 | -9 | 21 | -11 | 24 | -7 | -5 | 62 | 58 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 308 | 572 | 169 | 313 | 281 | 201 | 251 | 158 | 104 | 107 | 91 | 109 |
| Inventory Days | 145 | 584 | 32 | 206 | 284 | |||||||
| Days Payable | 952 | 1,984 | 164 | 136 | 160 | |||||||
| Cash Conversion Cycle | -499 | -828 | 38 | 383 | 405 | 201 | 251 | 158 | 104 | 107 | 91 | 109 |
| Working Capital Days | -240 | -125 | -50 | -52 | -56 | 100 | 170 | 570 | 479 | 209 | 169 | 220 |
| ROCE % | 12% | 14% | 14% | 14% | 13% | 10% | 10% | 10% | 17% | 16% | 25% | 20% |
Documents
Announcements
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Intimation Of Q3 & Nine Months Ended FY 26 Earnings Conference Call
16h - Q3 & 9M FY26 earnings call on Feb 4, 2026 at 4:00 PM IST.
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Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
19h - Patodia Properties released 200,000 pledged Choice International shares on 23-01-2026; encumbrance now 1,66,57,000 (7.47%).
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 23h
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Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
23h - Patodia Properties pledged 13,00,000 shares (0.58%) to Aditya Birla Capital as collateral for Rs 40 crore on 30-Dec-2025.
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Board Meeting Intimation for Board Meeting Intimation For Approval Of Un-Audited Financial Results For The Quarter And Nine Months Ended December 31, 2025
2d - Board meeting on February 03, 2026 to consider unaudited results for quarter and nine months ended December 31, 2025.
Annual reports
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Financial Year 2025
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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
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Concalls
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT
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Apr 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
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Oct 2023TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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.