Choice International logo

Choice International

CHOICEIN NSE

Key Fundamentals

SmallcapHolding CompanyFinancial Services
Market Cap
₹16,103 Cr
Volatility
Moderate
P/E Ratio
68.91
EBITDA
₹425 Cr
Return on Equity
13.04%
Debt to Equity
0.54
Book Value
₹73.16
EPS
₹6.86
52W High
₹860.5
52W Low
₹568.7

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company has delivered good profit growth of 67.0% CAGR over last 5 years
  • Company's median sales growth is 22.7% of last 10 years

Weaknesses

4
  • Stock is trading at 9.59 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 113 to 140 days.
  • Working capital days have increased from 259 days to 387 days

Growth Rate

Revenue Growth
24.17% lower than 3Y
Net Income Growth
46.22% lower than 3Y
Cash Flow Change
9.31% higher than 3Y
ROE
-11.41% lower than 3Y
ROCE
-11.85% higher than 3Y
EBITDA Margin (Avg.)
15.79% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk high

Choice International Ltd is a diversified financial services firm (broking, wealth, NBFC and advisory) with a market cap of about Rs 16,821 Cr. Sales have compounded at 45% and profit at 67% over 5 years, with TTM sales and profit growth of 26% and 32%. The stock trades at 66.4x earnings and 10.21x book value, with 3-year ROE of 18% and no dividend. Receivable and working capital days have lengthened, and the stock has returned -7% over the past year.

Bull Case 7
  • Net profit has compounded at 67% over 5 years and 53% over 3 years, which shows fast and steady earnings growth.
  • Sales have compounded at 45% over 5 years and 43% over 3 years, so the business is scaling quickly across its financial services segments.
  • Profit is still growing faster than revenue. TTM profit growth is 32% against TTM sales growth of 26%, which points to operating leverage and margin gains.
  • The growth record goes back a long way. Profit has compounded at 48% over 10 years and median sales growth over the last decade is 22.7%.
  • ROE has held steady at 18% over both 3 and 5 years and 16% over 10 years, which suggests consistent returns on shareholder capital as the company grows.
  • Long-term shareholder returns have been large. The stock has compounded at 90% over 5 years, 53% over 3 years and 53% over 10 years.
  • The stock has fallen 7% over the past year while TTM profit grew 32%. Earnings growth running ahead of the share price has brought valuation multiples down somewhat from their peaks.
Bear Case 8
  • At a P/B of 10.21x, the valuation is high for a financial services company and leaves little room for disappointments in growth.
  • The P/E of 66.4x assumes strong growth will continue for a long time. TTM profit growth of 32% has already slowed from the 5-year CAGR of 67%.
  • Working capital days have risen from 259 to 387, which means more capital is tied up in operations and could put pressure on cash flow.
  • Debtor days have risen from 113 to 140, which may point to slower collections or looser credit terms.
  • The company pays no dividend (0% yield) despite consistent profits, so shareholder returns depend entirely on share price gains.
  • Growth is slowing. TTM sales growth of 26% is well below the 3-year CAGR of 43%, which could lead to a re-rating of the stock's high multiple.
  • Last year's ROE of 16% is below the 3-year average of 18%. That is modest next to a 10.21x P/B and implies an earnings yield of about 1.5% at a P/E of 66.4x.
  • The stock returned -7% over 1 year against a 53% 3-year CAGR, which shows how sensitive momentum is in a business tied to capital market activity.

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

AI News Digest

1d ago
Positives 1
  • Promoter releases 6 lakh pledged shares Sep 5

    Promoter Arun Kumar Poddar released the encumbrance on 6 lakh shares of Choice International, which lowers the pledged promoter stake. The disclosure was filed with BSE and NSE on September 4, 2026.

Neutral 2
  • FY26 annual report, 33rd AGM concluded Sep 26

    The company filed its FY26 annual report and AGM notice on September 4, 2026, then held its 33rd AGM in Mumbai on September 26, 2026. Members adopted the audited FY26 financial statements by ordinary resolution.

  • Arihant Capital investor conference Sep 23

    Choice International will join Arihant Capital's virtual investor conference on September 28, 2026. Discussions will cover only information already in the public domain.

TL;DR: Recent news on Choice International is mostly routine, covering the FY26 annual report, a smooth 33rd AGM and a scheduled investor conference. The only real signal is positive: the promoter released a pledge on 6 lakh shares, which reduces governance risk and the chance of forced selling. None of the articles point to new operating risks, but they also give no fresh information on earnings or business performance. The trend looks stable to slightly better, and the next quarterly results and any further pledge releases will matter most from here.

Quarterly Results

Particulars 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

Particulars 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
1,137
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
419
421
OPM %
42%
15%
23%
26%
29%
29%
23%
32%
27%
30%
32%
37%
35%
Other Income
0
0
1
0
0
0
0
1
2
3
1
7
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
7.84
9.77
10.44
Div. Payout %
20%
23%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
984
Total Liabilities
227
232
287
428
473
502
655
976
1,107
1,805
2,615
3,563
Fixed Assets
32
34
37
78
98
88
86
88
126
134
260
373
CWIP
0
0
1
4
0
0
0
0
5
7
5
30
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
2,982
Total Assets
227
232
287
428
473
502
655
976
1,107
1,805
2,615
3,563
Figures in ₹ Crores

Cash Flow

Particulars 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
-434
-364
CFO/OP
-77
108
-55
21
-93
78
-98
-31
153
-46
-80
-44
Figures in ₹ Crores

Ratios

Particulars 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
140
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
140
Working Capital Days
-125
-50
-52
-56
100
170
570
484
209
169
222
387
ROCE %
14%
14%
14%
13%
10%
10%
10%
17%
16%
25%
20%
18%

Insights

Beta

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

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62 extracted metrics + investor summaries across FY10–FY27.

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Shareholding Pattern

DIIs0.28%Promot.53.65%FIIs10.10%Others15.58%Public20.39%As ofJun 2026
11.90% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Choice International

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 trades as CHOICEIN on the NSE and under code 531358 on the BSE.
Which sector does Choice International Ltd belong to?
Choice International Ltd is classified under the Financial Services sector, in the Holding Company industry.
What is the market capitalisation of Choice International Ltd?
Choice International Ltd has a market capitalisation of ₹16,103 Cr, which places it in the Mid Cap band.
What is the PE ratio of Choice International Ltd?
Choice International Ltd trades at a PE ratio of 68.91, on earnings per share of ₹6.86, against a book value of ₹73.16 per share.
What is the 52-week high and low of Choice International Ltd?
Over the last 52 weeks Choice International Ltd has traded between ₹568.7 and ₹860.5.
What is the Return on Equity (ROE) of Choice International Ltd?
Choice International Ltd reported a return on equity of 13.04%. Its debt-to-equity ratio is 0.54.

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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