Choice International Ltd logo

Choice International Ltd

CHOICEIN NSE

Key Fundamentals

SmallcapHolding CompanyFinancial Services
Market Cap
₹17,952 Cr
Volatility
Moderate
P/E Ratio
76.97
EBITDA
₹400 Cr
Return on Equity
14.72%
Debt to Equity
0.54
Book Value
₹73.16
EPS
₹6.86
52W High
₹860.5
52W Low
₹568.7

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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54 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 67.0% CAGR over last 5 years
  • Company's median sales growth is 21.7% of last 10 years

Weaknesses

3
  • Stock is trading at 10.7 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 114 to 142 days.

Growth Rate

Revenue Growth
21.42% ↗
Net Income Growth
41.31% ↗
Cash Flow Change
-92.48% ↘
ROE
-27.98% ↘
ROCE
-17.91% ↘
EBITDA Margin (Avg.)
8.91% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Choice International Ltd is a financial services company with a market cap of ₹18,159 Cr trading at a PE of 72.4x and 11.13x book value. The company has delivered strong profit growth of 67% CAGR over 5 years and 26% TTM sales growth, but pays no dividend and has seen debtor days rise from 114 to 142 days.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 67% CAGR demonstrates strong earnings momentum
  • 5-year compounded sales growth of 45% CAGR indicates rapid business expansion
  • TTM sales growth of 26% shows continued top-line traction in recent quarters
  • 3-year ROE of 19% reflects efficient capital utilization relative to financial services peers
  • 10-year median sales growth of 21.7% indicates consistency of revenue expansion over long periods
  • 5-year stock CAGR of 90% shows significant wealth creation for long-term shareholders
  • TTM profit growth of 32% continues to outpace sales growth of 26%, suggesting margin expansion
  • 10-year compounded profit growth of 48% CAGR demonstrates a long track record of earnings delivery
Bear Case 8
  • PE ratio of 72.4x is significantly elevated, pricing in substantial future growth and leaving little margin of safety
  • Stock trades at 10.9x book value, which is expensive even for a high-growth financial services firm
  • Zero dividend yield despite repeated profits suggests no cash return to shareholders
  • Debtor days have increased from 114 to 142 days, indicating deteriorating receivables collection efficiency
  • 1-year stock CAGR of only 2% versus 3-year CAGR of 65% suggests growth re-rating momentum may be fading
  • ROE has declined from 19% (3-year average) to 16% (last year), indicating potential return on equity compression
  • At 72.4x PE, any earnings miss or growth slowdown could trigger a sharp de-rating in valuation
  • 10-year ROE of 16% is lower than the 3-year and 5-year averages, raising questions about long-term sustainable returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 1
  • EBITDA margin contracts YoY Aug 10

    EBITDA margin fell to 33.83% from 35.27% YoY in Q1FY27, indicating emerging margin pressure despite top-line growth.

Positives 4
  • Aggressive 800-branch expansion plan Aug 12

    Company targets 800 branches over 3-4 years with 300-350 by March 2025, anticipates 50% annual growth via NH Investment Securities partnership and IPPB collaboration.

  • Q1 profit up 26% YoY Aug 10

    Net profit rose to ₹606M from ₹480M YoY, revenue grew 32% to ₹3.1B from ₹2.34B, and EBITDA improved to ₹1.05B from ₹827M.

  • ₹191 Cr government order wins Jul 22

    Won mandates worth ₹191.38 crore in Q1 FY27 covering e-governance, railway infrastructure, and project management consultancy across multiple states.

  • MF AUM targeting 30-35% growth Aug 12

    Mutual fund distribution arm aiming for 30-35% YoY AUM growth, solar financing projected at ₹150 crore this FY with 15% customer ROI.

Neutral 2
  • Q1FY27 earnings call scheduled Aug 5

    Earnings conference call held on August 11, 2026 at 4:00 PM IST to discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.

  • AMC break-even in 2-3 years Aug 12

    AMC business targeting EBITDA break-even in two to three years with growth phase beginning next financial year, still in investment mode currently.

TL;DR: Choice International delivered strong Q1FY27 growth with 26% profit increase and 32% revenue expansion, supported by new government orders worth ₹191 crore. The company has laid out an ambitious multi-year expansion plan targeting 800 branches and 50% annual growth. Key risk is margin compression, with EBITDA margin declining ~140bps YoY. The growth trajectory looks robust if execution on branch expansion and partnerships materializes without further margin erosion.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
138
191
207
215
201
247
209
253
235
274
303
307
310
Expenses
102
142
141
147
148
172
150
157
151
185
192
191
205
Operating Profit
36
49
67
67
53
76
60
96
83
89
112
116
105
OPM %
26%
25%
32%
31%
26%
31%
28%
38%
36%
33%
37%
38%
34%
Other Income
2
3
3
2
5
2
2
2
3
10
5
7
9
Interest
7
10
11
12
13
15
16
22
21
21
21
26
28
Depreciation
1
2
2
2
2
2
2
3
3
4
3
10
6
PBT
29
40
56
55
43
61
43
74
63
74
92
87
80
Tax %
28%
25%
28%
29%
26%
23%
29%
28%
24%
24%
29%
22%
24%
Net Profit
21
30
40
39
32
46
31
54
48
56
66
68
61
EPS in Rs
1.08
1.48
1.98
1.93
1.48
2.31
1.47
2.59
2.19
2.69
2.56
2.71
2.48
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
62
187
134
152
121
132
176
285
393
756
921
1,119
1,194
Expenses
36
160
103
113
85
93
134
194
286
531
626
719
773
Operating Profit
26
28
30
39
36
39
41
92
107
225
295
400
421
OPM %
42%
15%
23%
26%
29%
29%
23%
32%
27%
30%
32%
36%
35%
Other Income
0
0
1
0
0
0
0
1
2
3
1
25
31
Interest
17
19
19
21
20
17
15
15
22
41
66
89
96
Depreciation
2
2
2
3
3
3
3
3
5
7
8
20
24
PBT
6
7
10
16
12
18
23
74
82
181
221
316
333
Tax %
25%
39%
41%
24%
28%
32%
27%
27%
27%
28%
26%
25%
—
Net Profit
5
4
6
12
6
12
17
54
60
131
163
238
251
EPS in Rs
1.02
0.86
1.26
1.22
0.59
1.24
1.17
2.69
3.02
6.56
8.15
9.77
10.44
Div. Payout %
20%
23%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
20
20
20
29
50
100
199
200
223
Reserves
50
53
70
146
154
193
234
360
378
432
828
1,449
Borrowings
121
119
147
177
166
143
151
219
206
455
679
908
Other Liabilities
46
49
60
84
133
146
240
347
424
718
909
987
Total Liabilities
227
232
287
428
473
502
655
976
1,107
1,805
2,615
3,566
Fixed Assets
32
34
37
78
98
88
86
88
126
134
260
393
CWIP
0
0
1
4
0
0
0
0
5
7
5
10
Investments
22
22
26
47
22
20
7
11
11
23
59
178
Other Assets
173
175
222
299
352
395
562
877
965
1,641
2,292
2,985
Total Assets
227
232
287
428
473
502
655
976
1,107
1,805
2,615
3,566
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-22
28
-20
4
-36
26
-45
-52
138
-153
-294
-267
Investing
13
5
-11
-22
54
13
15
-99
-48
-13
-161
-277
Financing
6
-22
21
39
-28
-15
23
146
-29
224
449
600
Net Cash Flow
-3
11
-9
21
-11
24
-7
-5
62
58
-6
56
Free Cash Flow
-23
23
-25
-1
-69
34
-46
-57
91
-186
-451
-343
CFO/OP
-77
108
-55
21
-93
78
-98
-31
153
-46
-80
-46
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
572
169
313
281
201
251
158
104
107
91
109
142
Inventory Days
584
32
206
284
—
—
—
—
—
—
—
—
Days Payable
1,984
164
136
160
—
—
—
—
—
—
—
—
Cash Conversion Cycle
-828
38
383
405
201
251
158
104
107
91
109
142
Working Capital Days
-125
-50
-52
-56
100
170
570
484
209
169
220
277
ROCE %
14%
14%
14%
13%
10%
10%
10%
17%
16%
25%
20%
18%

Shareholding Pattern

As of Jun 2026
Promoters 53.65%
Public 20.39%
Others 15.58%
FIIs 10.10%
DIIs 0.28%
Total 100.00%
  Jan 2021Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Feb 2022Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
67.41%
63.53%
67.46%
64.31%
64.31%
64.31%
51.45%
51.45%
51.45%
51.45%
51.45%
55.32%
55.97%
56.27%
57.98%
57.87%
58.21%
58.21%
58.21%
58.21%
58.13%
56.43%
56.60%
55.03%
53.65%
53.65%
53.65%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
15.44%
0.00%
0.00%
12.44%
12.22%
12.72%
13.70%
13.63%
13.97%
12.97%
12.48%
12.16%
11.41%
10.10%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.04%
0.05%
0.06%
0.06%
0.07%
0.09%
0.18%
0.17%
0.19%
0.27%
0.24%
0.30%
0.35%
0.28%
Government
0.00%
0.01%
0.01%
0.00%
0.00%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
20.73%
26.60%
23.75%
23.23%
23.45%
23.33%
35.07%
35.15%
35.16%
26.15%
26.05%
24.07%
24.18%
24.50%
24.47%
25.64%
25.42%
25.71%
25.28%
24.32%
23.22%
22.11%
22.13%
21.26%
19.23%
19.53%
20.39%
Others
11.86%
9.85%
8.78%
12.46%
12.24%
12.34%
13.46%
13.39%
13.39%
22.40%
22.50%
20.61%
19.84%
3.76%
17.51%
16.43%
3.87%
3.79%
3.70%
3.59%
4.86%
7.29%
8.02%
10.98%
14.66%
15.06%
15.58%
No. of Shareholders
2,051
1,947
1,935
1,898
2,504
2,541
3,906
3,560
3,609
4,794
5,057
5,101
6,202
7,234
8,096
18,887
18,513
18,310
19,415
23,768
21,984
25,330
27,094
28,888
27,728
26,091
25,427

Documents

Frequently Asked Questions about Choice International Ltd

What does Choice International Ltd do?
Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]
Where is Choice International Ltd (CHOICEIN) listed?
Choice International Ltd is listed on the Indian stock exchanges. It is listed on NSE: CHOICEIN and BSE: 531358. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Choice International Ltd belong to?
Choice International Ltd operates in the Financial Services sector within the Holding Company industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Choice International Ltd?
Choice International Ltd has a market capitalisation of approximately ₹17952.44 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Choice International Ltd?
The Price-to-Earnings (PE) ratio of Choice International Ltd is 76.97. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Choice International Ltd?
Over the past 52 weeks, Choice International Ltd has traded between a low of ₹568.7 and a high of ₹860.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Choice International Ltd?
Choice International Ltd has a Return on Equity (ROE) of 14.72%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Choice International Ltd on Tapetide?
On Tapetide, you can view Choice International Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]

Website choiceindia.com
CEO Mr. Arun Kumar Poddar CA
Employees 4,703
Listed 2022-04-08
Face Value ₹ 10
Issued Size 20,89,88,833

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