Choice International Ltd
Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]
- Market Cap ₹ 14,013 Cr.
- Current Price ₹ 630
- High / Low ₹ 860 / 474
- Stock P/E 67.0
- Book Value ₹ 54.9
- 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 27.4% of last 10 years
Cons
- Stock is trading at 11.5 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%
* 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 | 1,065 | |
| 46 | 36 | 160 | 103 | 113 | 85 | 93 | 134 | 194 | 286 | 531 | 626 | 685 | |
| Operating Profit | 16 | 26 | 28 | 30 | 39 | 36 | 39 | 41 | 92 | 107 | 225 | 295 | 381 |
| OPM % | 25% | 42% | 15% | 23% | 26% | 29% | 29% | 23% | 32% | 27% | 30% | 32% | 36% |
| 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 1 | 20 | |
| Interest | 9 | 17 | 19 | 19 | 21 | 20 | 17 | 15 | 15 | 22 | 41 | 66 | 85 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 5 | 7 | 8 | 13 |
| Profit before tax | 6 | 6 | 7 | 10 | 16 | 12 | 18 | 23 | 74 | 82 | 181 | 221 | 304 |
| 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 | 224 | |
| 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 | 10.04 |
| 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: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 41% |
| 5 Years: | 67% |
| 3 Years: | 45% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 52% |
| 5 Years: | 92% |
| 3 Years: | 71% |
| 1 Year: | 31% |
| 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% |
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 |
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| Total Loan Book (NBFC AUM) INR Bn |
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| Advisory Order Book INR Bn |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8h - Awarded multiple government mandates across India totaling ~₹55 crore for PMU, DPRs, surveillance, monitoring; announced March 17, 2026.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 13 Mar
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Announcement under Regulation 30 (LODR)-Acquisition
10 Mar - Acquired remaining 50% of Choice Insurance for ₹62,50,20,000; now 100% subsidiary; IRDAI approval obtained.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Choice International to participate in Arihant’s Bharat Connect Conference on 11 March 2026 (virtual).
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Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
25 Feb - Release of 6,87,000 pledged shares on 18-Feb-2026 by Shreeyam Trade Dynamics.
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
from bse
Concalls
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Feb 2026Transcript PPT
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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.