Choice International Ltd
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]
- Market Cap ₹ 3,730 Cr.
- Current Price ₹ 375
- High / Low ₹ 389 / 169
- Stock P/E 62.1
- Book Value ₹ 48.0
- 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 3.87% over last quarter.
Cons
- Stock is trading at 7.81 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.
- Promoter holding has decreased over last 3 years: -18.1%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 42 | 62 | 62 | 187 | 134 | 152 | 121 | 132 | 176 | 285 | 385 | |
39 | 32 | 46 | 36 | 160 | 103 | 113 | 85 | 93 | 134 | 194 | 286 | |
Operating Profit | 9 | 10 | 16 | 26 | 28 | 30 | 39 | 36 | 39 | 41 | 92 | 99 |
OPM % | 18% | 24% | 25% | 42% | 15% | 23% | 26% | 29% | 29% | 23% | 32% | 26% |
0 | 0 | 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 10 | |
Interest | 3 | 3 | 9 | 17 | 19 | 19 | 21 | 20 | 17 | 15 | 15 | 22 |
Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 5 |
Profit before tax | 5 | 6 | 6 | 6 | 7 | 10 | 16 | 12 | 18 | 23 | 74 | 82 |
Tax % | 28% | 35% | 38% | 25% | 39% | 41% | 24% | 28% | 32% | 27% | 27% | 27% |
Net Profit | 4 | 4 | 3 | 5 | 4 | 6 | 12 | 6 | 12 | 17 | 54 | 60 |
EPS in Rs | 1.95 | 1.46 | 1.40 | 2.04 | 1.72 | 2.52 | 2.45 | 1.18 | 2.49 | 2.34 | 5.38 | 6.07 |
Dividend Payout % | 20% | 27% | 29% | 20% | 23% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 20% |
3 Years: | 43% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 37% |
3 Years: | 69% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 52% |
3 Years: | 104% |
1 Year: | 116% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 29 | 50 | 100 | |
Reserves | 23 | 44 | 46 | 50 | 53 | 60 | 146 | 154 | 193 | 234 | 360 | 378 |
19 | 29 | 96 | 121 | 119 | 147 | 177 | 166 | 143 | 151 | 219 | 206 | |
15 | 32 | 38 | 46 | 49 | 70 | 84 | 133 | 146 | 240 | 347 | 425 | |
Total Liabilities | 64 | 114 | 189 | 227 | 232 | 287 | 428 | 473 | 502 | 655 | 976 | 1,108 |
29 | 28 | 32 | 32 | 34 | 37 | 78 | 98 | 88 | 86 | 88 | 131 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 0 | 0 | 0 | 0 | 0 |
Investments | 17 | 15 | 26 | 22 | 22 | 26 | 47 | 22 | 20 | 7 | 11 | 11 |
18 | 70 | 131 | 173 | 175 | 222 | 299 | 352 | 395 | 562 | 877 | 966 | |
Total Assets | 64 | 114 | 189 | 227 | 232 | 287 | 428 | 473 | 502 | 655 | 976 | 1,108 |
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 | -52 | 263 | |
-16 | -14 | -40 | 13 | 5 | -11 | -22 | 54 | 13 | 15 | -99 | -180 | |
3 | 19 | 57 | 6 | -22 | 21 | 39 | -28 | -15 | 23 | 146 | -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 | 109 |
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 | 109 |
Working Capital Days | 18 | 128 | 242 | 490 | 148 | 323 | 350 | 586 | 553 | 570 | 484 | 213 |
ROCE % | 15% | 13% | 12% | 14% | 14% | 15% | 13% | 10% | 10% | 10% | 17% | 16% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Jun
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 May - Newspaper publication pertaining to Audited financial results of the company for the quarter and financial year ended March 31, 2023.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 May - Newspaper publication pertaining to Audited financial results of the company for the quarter and financial year ended March 31, 2023
Annual reports
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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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Financial Year 2010
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Business Segments