Choice International Ltd logo

Choice International Ltd

CHOICEIN NSE

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

AI Verdict: HOLD Confidence: 5%

Choice International has delivered exceptional profit CAGR of 67% over 5 years and sales CAGR of 45%, but trades at a steep PE of 66.3x and 9.68x book value with zero dividend payout and deteriorating debtor days at 142. The growth story is compelling but current valuations leave little margin of safety.

Key Fundamentals

SmallcapHolding CompanyFinancial Services
Market Cap
₹16,210 Cr
Volatility
Moderate
P/E Ratio
71.32
EBITDA
₹400 Cr
Return on Equity
12.46%
Debt to Equity
0.72
Book Value
₹73.16
EPS
₹6.86
52W High
₹860.5
52W Low
₹568.7

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 9.46 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 3d ago
HOLD
Risk high

Choice International has delivered exceptional profit CAGR of 67% over 5 years and sales CAGR of 45%, but trades at a steep PE of 66.3x and 9.68x book value with zero dividend payout and deteriorating debtor days at 142. The growth story is compelling but current valuations leave little margin of safety.

Bull Case 8
  • Compounded profit growth of 67% CAGR over 5 years is outstanding for a financial services company
  • Sales CAGR of 45% over 5 years demonstrates strong business momentum and market share gains
  • TTM sales growth of 22% and TTM profit growth of 34% show continued acceleration even on a larger base
  • Stock CAGR of 94% over 5 years reflects sustained wealth creation for long-term investors
  • 3-year ROE of 19% indicates efficient capital deployment in the financial services space
  • Market cap of Rs 16,240 Cr positions it as a credible mid-cap financial services platform with diversified revenue streams
  • Median sales growth of 21.7% over 10 years shows consistency of execution across market cycles
  • 10-year compounded profit CAGR of 48% demonstrates long-term structural growth rather than a one-off surge
Bear Case 8
  • PE of 66.3x is extremely expensive relative to the financial services sector median of 20-30x, pricing in years of future growth
  • Price-to-book of 9.68x is elevated for a financial services firm where book value is a key valuation anchor
  • Zero dividend yield despite repeated profitability suggests poor capital return policy for shareholders
  • Debtor days increased from 114 to 142 days, indicating deteriorating receivable quality and potential cash flow stress
  • 1-year stock CAGR of only 3% versus 5-year CAGR of 94% signals significant growth deceleration and possible re-rating risk
  • ROE has declined from 19% (3-year average) to 16% (last year), suggesting diminishing returns on incremental capital
  • No analyst coverage with zero buy/hold/sell ratings indicates limited institutional interest and potential liquidity concerns
  • Absence of reported debt-to-equity ratio and EPS data limits visibility into leverage and per-share earnings trajectory

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 2
  • Former Chief Secretary joins board Jun 22

    Choice International appointed former Maharashtra Chief Secretary Dr. Nitin Kareer to its Advisory Board on Jun 22, strengthening regulatory compliance and strategic guidance capabilities.

  • Full SEBI compliance confirmed May 29

    Choice International achieved full compliance with SEBI secretarial regulations for FY26, confirmed by secretarial audit with no deviations noted.

Neutral 1
  • No promoter share encumbrance Jun 13

    Choice International confirmed zero encumbrance on promoter and PAC shares for FY 2025-26, disclosed under SEBI Takeover Regulations.

TL;DR: Choice International is demonstrating strong governance signals with a high-profile advisory appointment and clean regulatory filings. No headwinds are visible in recent news flow. The company appears focused on strengthening institutional credibility, which could support investor confidence going forward.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
137
138
191
207
215
201
247
209
253
235
274
303
307
Expenses
92
102
142
141
147
148
172
150
157
151
185
192
191
Operating Profit
45
36
49
67
67
53
76
60
96
83
89
112
116
OPM %
33%
26%
25%
32%
31%
26%
31%
28%
38%
36%
33%
37%
38%
Other Income
2
2
3
3
2
5
2
2
2
3
10
5
7
Interest
6
7
10
11
12
13
15
16
22
21
21
21
26
Depreciation
1
1
2
2
2
2
2
2
3
3
4
3
10
PBT
40
29
40
56
55
43
61
43
74
63
74
92
87
Tax %
25%
28%
25%
28%
29%
26%
23%
29%
28%
24%
24%
29%
22%
Net Profit
30
21
30
40
39
32
46
31
54
48
56
66
68
EPS in Rs
1.52
1.08
1.48
1.98
1.93
1.48
2.31
1.47
2.59
2.19
2.69
2.56
2.71
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
62
187
134
152
121
132
176
285
393
756
921
1,119
Expenses
36
160
103
113
85
93
134
194
286
531
626
719
Operating Profit
26
28
30
39
36
39
41
92
107
225
295
400
OPM %
42%
15%
23%
26%
29%
29%
23%
32%
27%
30%
32%
36%
Other Income
0
0
1
0
0
0
0
1
2
3
1
25
Interest
17
19
19
21
20
17
15
15
22
41
66
89
Depreciation
2
2
2
3
3
3
3
3
5
7
8
20
PBT
6
7
10
16
12
18
23
74
82
181
221
316
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
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
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
220
206
455
679
908
Other Liabilities
46
49
60
84
133
146
240
346
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
-34
138
-153
-294
-267
Investing
13
5
-11
-22
54
13
15
-123
-48
-13
-161
-277
Financing
6
-22
21
39
-28
-15
23
152
-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
-38
91
-186
-451
-343
CFO/OP
-77
108
-55
21
-93
78
-98
-12
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
479
209
169
220
277
ROCE %
14%
14%
14%
13%
10%
10%
10%
17%
16%
25%
20%
18%

Shareholding Pattern

As of Mar 2026
Promoters 53.65%
Public 19.53%
Others 15.06%
FIIs 11.41%
DIIs 0.35%
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 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%
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%
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%
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%
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%
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%
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

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 Finance 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 ₹16210.33 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 71.32. 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 12.46%. 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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