Choice International Ltd

Choice International Ltd

₹ 326 3.67%
22 Apr 11:45 a.m.
About

Business Overview
Choice International Ltd was incorporated in 1993. It is an integrated and diversified financial services group. It provides a wide range of financial services that includes Broking & Distribution, Investment Banking, Financial Services to Business Advisory, Regulatory Compliances to Government authorities & other corporate entities, Retail loan distribution, Mutual Fund distribution, technical services, and other ancillary services. The registered office of the Company is in Mumbai.[1] [2]

Key Points

Business Segments

  • Market Cap 6,500 Cr.
  • Current Price 326
  • High / Low 326 / 156
  • Stock P/E 54.0
  • Book Value 26.9
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 13.5 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 37.5% CAGR over last 5 years
  • Promoter holding has increased by 1.60% over last quarter.

Cons

  • Stock is trading at 12.1 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 12.8% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -9.54%

* 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
45 50 60 61 67 92 77 77 96 136 138 191 207
37 44 39 43 45 66 61 61 72 92 102 142 141
Operating Profit 8 5 21 18 22 26 16 16 24 44 36 49 67
OPM % 18% 11% 34% 30% 33% 28% 21% 20% 25% 32% 26% 25% 32%
1 2 2 2 0 1 2 2 2 4 1 3 3
Interest 4 4 3 3 3 5 5 5 7 6 7 10 11
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 5 3 18 16 18 21 12 12 18 40 29 40 56
Tax % 11% 29% 28% 28% 25% 27% 34% 29% 24% 25% 28% 25% 28%
4 2 13 12 14 15 8 8 14 30 21 30 40
EPS in Rs 0.36 0.17 0.65 0.59 0.68 0.77 0.39 0.42 0.71 1.52 1.08 1.48 1.98
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
48 42 62 62 187 134 152 121 132 176 285 393 672
39 32 46 36 160 103 113 85 93 134 194 286 477
Operating Profit 9 10 16 26 28 30 39 36 39 41 92 107 195
OPM % 18% 24% 25% 42% 15% 23% 26% 29% 29% 23% 32% 27% 29%
0 0 0 -0 0 1 0 0 0 0 1 2 10
Interest 3 3 9 17 19 19 21 20 17 15 15 22 34
Depreciation 1 1 1 2 2 2 3 3 3 3 3 5 6
Profit before tax 5 6 6 6 7 10 16 12 18 23 74 82 166
Tax % 28% 35% 38% 25% 39% 41% 24% 28% 32% 27% 27% 27%
4 4 3 5 4 6 12 6 12 17 54 60 122
EPS in Rs 0.98 0.73 0.70 1.02 0.86 1.26 1.22 0.59 1.24 1.17 2.69 3.03 6.06
Dividend Payout % 20% 27% 29% 20% 23% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 21%
3 Years: 44%
TTM: 96%
Compounded Profit Growth
10 Years: 32%
5 Years: 37%
3 Years: 69%
TTM: 167%
Stock Price CAGR
10 Years: 46%
5 Years: 81%
3 Years: 135%
1 Year: 95%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 13%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 10 10 10 10 10 20 20 20 29 50 100 100
Reserves 23 44 46 50 53 60 146 154 193 234 360 378 436
19 29 96 121 119 147 177 166 143 151 220 206 404
15 32 38 46 49 70 84 133 146 240 346 424 565
Total Liabilities 64 114 189 227 232 287 428 473 502 655 976 1,107 1,506
29 28 32 32 34 37 78 98 88 86 88 126 133
CWIP 0 0 0 0 0 1 4 0 0 0 0 5 0
Investments 17 15 26 22 22 26 47 22 20 7 11 11 14
18 70 131 173 175 222 299 352 395 562 877 965 1,358
Total Assets 64 114 189 227 232 287 428 473 502 655 976 1,107 1,506

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 -5 -14 -22 28 -20 4 -36 26 -45 -34 263
-16 -14 -40 13 5 -11 -22 54 13 15 -123 -180
3 19 57 6 -22 21 39 -28 -15 23 152 -21
Net Cash Flow 1 0 3 -3 11 -9 21 -11 24 -7 -5 62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 45 274 308 572 169 313 281 201 251 158 104 107
Inventory Days 34 145 584 32 206 284
Days Payable 88 952 1,984 164 136 160
Cash Conversion Cycle -8 274 -499 -828 38 383 405 201 251 158 104 107
Working Capital Days 18 128 242 490 148 323 350 586 553 570 479 209
ROCE % 15% 13% 12% 14% 14% 15% 13% 10% 10% 10% 17% 16%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.31% 64.31% 64.31% 51.45% 51.45% 51.46% 51.46% 55.32% 55.98% 56.27% 57.98% 58.21%
5.02% 5.02% 5.02% 7.18% 7.03% 14.09% 14.09% 15.12% 14.97% 15.44% 13.58% 12.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.05% 0.06%
0.00% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.66% 30.66% 30.65% 41.36% 41.51% 34.46% 34.47% 29.56% 29.05% 28.26% 28.41% 29.29%
No. of Shareholders 1,9472,5042,5413,5603,6095,2045,0575,1016,2027,2348,09618,513

* 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.

Documents

Concalls