Choice International Ltd

Choice International Ltd

₹ 489 -1.29%
21 Feb - close price
About

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

Key Points

Business Overview:[1]
CIL, part of the Choice Group, offers a wide range of financial services through its subsidiaries. Its key offerings include Broking & Distribution, NBFC Services, and Advisory, covering Government Infrastructure Consultancy, Government Advisory, and Investment Banking.

  • Market Cap 9,751 Cr.
  • Current Price 489
  • High / Low 569 / 244
  • Stock P/E 1,364
  • Book Value 24.8
  • Dividend Yield 0.00 %
  • ROCE 1.63 %
  • ROE 0.45 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 19.7 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
2.33 2.51 2.90 2.97 3.44 3.64 3.55 3.49 3.14 2.72 7.00 5.81 6.37
1.21 0.86 1.30 1.42 1.82 1.51 1.75 1.78 1.62 1.83 2.31 2.42 2.86
Operating Profit 1.12 1.65 1.60 1.55 1.62 2.13 1.80 1.71 1.52 0.89 4.69 3.39 3.51
OPM % 48.07% 65.74% 55.17% 52.19% 47.09% 58.52% 50.70% 49.00% 48.41% 32.72% 67.00% 58.35% 55.10%
0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.15 0.00 0.00 0.02
Interest 0.78 0.90 0.73 0.79 0.99 1.17 0.98 1.00 0.96 0.90 0.95 0.39 0.42
Depreciation 0.14 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.12 0.11 0.11 0.12 0.12
Profit before tax 0.20 0.61 0.74 0.64 0.52 0.84 0.71 0.59 0.44 0.03 3.63 2.88 2.99
Tax % 25.00% 26.23% 27.03% 26.56% 30.77% -11.90% 23.94% 25.42% 15.91% -33.33% 17.63% 23.26% 36.45%
0.14 0.45 0.53 0.46 0.37 0.93 0.54 0.43 0.38 0.04 3.00 2.21 1.90
EPS in Rs 0.01 0.02 0.03 0.02 0.02 0.05 0.03 0.02 0.02 0.00 0.15 0.11 0.10
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 21.90
3.59 6.61 1.61 70.09 12.35 9.15 6.35 3.77 2.75 3.91 6.03 6.92 9.42
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 12.48
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% 56.99%
-0.01 0.00 -0.01 0.00 0.00 0.01 0.14 0.02 0.00 0.00 0.00 0.00 0.17
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 2.66
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 9.53
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 7.15
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 0.36
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: 58%
Compounded Profit Growth
10 Years: 0%
5 Years: 27%
3 Years: -15%
TTM: 214%
Stock Price CAGR
10 Years: 54%
5 Years: 92%
3 Years: 121%
1 Year: 69%
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

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
51.45% 51.45% 51.46% 51.46% 55.32% 55.98% 56.27% 57.98% 58.21% 58.21% 58.21% 58.21%
7.18% 7.03% 14.09% 14.09% 15.12% 14.97% 15.44% 13.58% 12.44% 12.22% 12.72% 13.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.05% 0.06% 0.07% 0.09% 0.18%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
41.36% 41.51% 34.46% 34.47% 29.56% 29.05% 28.26% 28.41% 29.29% 29.51% 28.98% 27.92%
No. of Shareholders 3,5603,6095,2045,0575,1016,2027,2348,09618,51318,52419,41523,768

* 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.

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