Choice International Ltd

₹ 539 1.47%

04 Dec 1:46 p.m.

choiceindia.com BSE: 531358 NSE: CHOICEIN

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^[1]
1. Broking and Distribution Business:
It includes ** Stock Broking, Wealth, Insurance.
KPIs**
Demat Accounts - 848k
Active Accounts - 194k
Stock Broking AUM - Rs. 353 Bn
Wealth Products AUM - Rs. 6,249 Mn
Insurance Premium - Rs. 625 Mn
No. of Policies Sold - 14,567
Company is more prevalent in Tier III and beyond cities.^[2]

Website BSE NSE

Market Cap ₹ 10,741 Cr.
Current Price ₹ 539
High / Low ₹ 555 / 215
Stock P/E 1,908
Book Value ₹ 24.8
Dividend Yield 0.00 %
ROCE 1.63 %
ROE 0.45 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter

Cons

Stock is trading at 21.4 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 0.29% over past five years.
Company has a low return on equity of 0.71% over last 3 years.
Company's cost of borrowing seems high
Promoter holding has decreased over last 3 years: -6.10%

* 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

Part of BSE SmallCap BSE Allcap BSE Financial Services Nifty Microcap 250 Nifty Total Market

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	3.61	2.33	2.51	2.90	2.97	3.44	3.64	3.55	3.49	3.14	2.72	7.00	5.81
	0.94	1.21	0.86	1.30	1.42	1.82	1.51	1.75	1.78	1.62	1.83	2.31	2.42
Operating Profit	2.67	1.12	1.65	1.60	1.55	1.62	2.13	1.80	1.71	1.52	0.89	4.69	3.39
OPM %	73.96%	48.07%	65.74%	55.17%	52.19%	47.09%	58.52%	50.70%	49.00%	48.41%	32.72%	67.00%	58.35%
	0.00	0.00	0.00	0.00	0.01	0.02	0.01	0.01	0.00	0.00	0.15	0.00	0.00
Interest	0.79	0.78	0.90	0.73	0.79	0.99	1.17	0.98	1.00	0.96	0.90	0.95	0.39
Depreciation	0.18	0.14	0.14	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.11	0.11	0.12
Profit before tax	1.70	0.20	0.61	0.74	0.64	0.52	0.84	0.71	0.59	0.44	0.03	3.63	2.88
Tax %	38.24%	25.00%	26.23%	27.03%	26.56%	30.77%	-11.90%	23.94%	25.42%	15.91%	-33.33%	17.63%	23.26%
	1.05	0.14	0.45	0.53	0.46	0.37	0.93	0.54	0.43	0.38	0.04	3.00	2.21
EPS in Rs	0.05	0.01	0.02	0.03	0.02	0.02	0.05	0.03	0.02	0.02	0.00	0.15	0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	8.06	12.81	8.66	77.86	20.96	22.82	12.85	9.00	8.66	11.28	12.98	13.04	18.67
	3.59	6.61	1.61	70.09	12.35	9.15	6.35	3.77	2.75	3.91	6.03	6.92	8.18
Operating Profit	4.47	6.20	7.05	7.77	8.61	13.67	6.50	5.23	5.91	7.37	6.95	6.12	10.49
OPM %	55.46%	48.40%	81.41%	9.98%	41.08%	59.90%	50.58%	58.11%	68.24%	65.34%	53.54%	46.93%	56.19%
	-0.01	0.00	-0.01	0.00	0.00	0.01	0.14	0.02	0.00	0.00	0.00	0.00	0.15
Interest	2.08	3.28	4.32	4.64	4.22	9.89	5.65	1.55	1.92	3.14	3.70	3.87	3.20
Depreciation	0.89	0.90	1.14	1.11	0.93	0.78	0.78	0.74	0.71	0.63	0.52	0.48	0.46
Profit before tax	1.49	2.02	1.58	2.02	3.46	3.01	0.21	2.96	3.28	3.60	2.73	1.77	6.98
Tax %	24.83%	32.18%	9.49%	17.82%	25.43%	23.26%	-104.76%	33.45%	29.57%	32.50%	16.12%	20.90%
	1.12	1.37	1.43	1.66	2.59	2.30	0.43	1.97	2.30	2.44	2.29	1.40	5.63
EPS in Rs	0.22	0.27	0.29	0.33	0.52	0.23	0.04	0.20	0.16	0.12	0.12	0.07	0.28
Dividend Payout %	89.29%	72.99%	69.93%	60.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	0%
5 Years:	0%
3 Years:	15%
TTM:	32%

Compounded Profit Growth
10 Years:	0%
5 Years:	27%
3 Years:	-15%
TTM:	148%

Stock Price CAGR
10 Years:	54%
5 Years:	123%
3 Years:	161%
1 Year:	141%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	1%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10.00	10.00	10.00	10.00	10.00	20.00	20.00	20.00	28.57	49.76	99.51	199.38	199.38
Reserves	39.11	39.48	39.84	40.50	53.09	117.10	118.70	145.93	172.43	246.93	203.96	114.01	295.63
	22.12	26.22	32.06	29.79	48.51	109.34	0.90	23.30	33.92	27.70	39.93	35.89	14.15
	4.17	4.57	4.63	4.92	4.30	8.56	2.84	3.04	3.29	3.60	4.12	4.03	4.39
Total Liabilities	75.40	80.27	86.53	85.21	115.90	255.00	142.44	192.27	238.21	327.99	347.52	353.31	513.55
	26.81	26.01	24.77	24.01	23.63	65.27	64.50	63.78	63.07	62.78	62.33	62.00	70.23
CWIP	0.00	0.00	0.00	0.00	0.14	0.13	0.09	0.11	0.13	0.00	0.00	0.00	0.11
Investments	31.37	31.30	45.77	45.83	49.90	94.78	68.96	88.83	133.83	209.98	239.27	270.85	277.45
	17.22	22.96	15.99	15.37	42.23	94.82	8.89	39.55	41.18	55.23	45.92	20.46	165.76
Total Assets	75.40	80.27	86.53	85.21	115.90	255.00	142.44	192.27	238.21	327.99	347.52	353.31	513.55

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-6.81	0.22	14.05	8.36	-17.89	-37.36	-1.08	-2.81	13.00	5.86	47.74	0.76
	-10.15	-0.04	-14.41	-0.35	-4.75	-45.56	117.70	-46.35	-57.90	-89.51	-24.47	-22.79
	16.96	-0.19	0.49	-7.95	23.81	81.94	-110.98	46.34	41.77	83.92	8.27	-8.67
Net Cash Flow	0.00	-0.01	0.13	0.06	1.16	-0.97	5.65	-2.82	-3.13	0.26	31.54	-30.69

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	80.16	5.13	5.48	3.23	17.24	28.63	39.48	144.38	22.34	19.41	79.30	40.87
Inventory Days	59.84	20.16		0.70	12.82
Days Payable	33.91	6.26		4.67	40.72
Cash Conversion Cycle	106.08	19.03	5.48	-0.74	-10.66	28.63	39.48	144.38	22.34	19.41	79.30	40.87
Working Capital Days	505.38	476.12	381.02	39.14	658.78	1,340.84	26.98	1,200.04	1,674.11	1,725.34	332.10	478.36
ROCE %	5.86%	7.21%	7.50%	8.21%	8.00%	7.21%	3.04%	2.74%	2.45%	2.41%	1.93%	1.63%

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	64.31%	51.45%	51.45%	51.46%	51.46%	55.32%	55.98%	56.27%	57.98%	58.21%	58.21%	58.21%
	5.02%	7.18%	7.03%	14.09%	14.09%	15.12%	14.97%	15.44%	13.58%	12.44%	12.22%	12.72%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.05%	0.06%	0.07%	0.09%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	30.65%	41.36%	41.51%	34.46%	34.47%	29.56%	29.05%	28.26%	28.41%	29.29%	29.51%	28.98%
No. of Shareholders	2,541	3,560	3,609	5,204	5,057	5,101	6,202	7,234	8,096	18,513	18,524	19,415

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	46.84%	73.42%	73.42%	73.42%	63.53%	51.45%	55.32%	58.21%	58.21%
	0.00%	0.00%	0.00%	0.00%	0.00%	7.18%	15.12%	12.44%	12.72%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.09%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%
	53.16%	26.58%	26.58%	26.58%	36.46%	41.36%	29.56%	29.29%	28.98%
No. of Shareholders	2,148	2,188	2,145	2,091	1,925	3,560	5,101	18,513	19,415

* 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

Announcements

All

Annual reports

Right Issue

Credit ratings

Concalls

Oct 2024

Transcript

Notes
PPT
Jul 2024

Transcript

Notes
PPT
May 2024

Transcript

Notes
PPT
Jan 2024

Transcript

Notes
PPT
Oct 2023

Transcript

Notes
PPT
Jul 2023

Transcript

Notes
PPT
May 2023

Transcript

Notes
PPT
Jan 2023

Transcript

Notes
PPT
Oct 2022

Transcript

Notes
PPT
Aug 2022

Transcript

Notes
PPT
May 2022

Transcript

Notes
PPT
Feb 2022

Transcript

Notes
PPT
Nov 2021

Transcript

Notes
PPT
Aug 2021

Transcript

Notes
PPT
Jun 2021

Transcript

Notes
PPT