Choice International Ltd
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]
- Market Cap ₹ 8,608 Cr.
- Current Price ₹ 431
- High / Low ₹ 451 / 180
- Stock P/E 2,236
- Book Value ₹ 15.7
- Dividend Yield 0.00 %
- ROCE 1.62 %
- ROE 0.45 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 27.4 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 0.06% over past five years.
- Company has a low return on equity of 0.71% over last 3 years.
- Promoter holding has decreased over last 3 years: -6.11%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 12.89 | 16.35 | |
3.59 | 6.61 | 1.61 | 70.09 | 12.35 | 9.15 | 6.35 | 3.77 | 2.75 | 3.91 | 6.03 | 6.97 | 7.54 | |
Operating Profit | 4.47 | 6.20 | 7.05 | 7.77 | 8.61 | 13.67 | 6.50 | 5.23 | 5.91 | 7.37 | 6.95 | 5.92 | 8.81 |
OPM % | 55.46% | 48.40% | 81.41% | 9.98% | 41.08% | 59.90% | 50.58% | 58.11% | 68.24% | 65.34% | 53.54% | 45.93% | 53.88% |
-0.01 | 0.00 | -0.01 | 0.00 | 0.00 | 0.01 | 0.14 | 0.02 | 0.00 | 0.00 | 0.00 | 0.16 | 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 | 3.83 | 3.81 |
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 | 4.69 |
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 | 3.85 | |
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 | 0.19 |
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: | 14% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | 27% |
3 Years: | -15% |
TTM: | 67% |
Stock Price CAGR | |
---|---|
10 Years: | 51% |
5 Years: | 120% |
3 Years: | 143% |
1 Year: | 136% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
Reserves | 39.11 | 39.48 | 39.84 | 40.50 | 43.09 | 117.10 | 118.70 | 145.93 | 172.43 | 246.93 | 203.96 | 114.01 |
22.12 | 26.22 | 32.06 | 29.79 | 48.51 | 109.34 | 0.90 | 23.30 | 33.92 | 27.70 | 39.93 | 35.89 | |
4.17 | 4.57 | 4.63 | 4.92 | 14.30 | 8.56 | 2.84 | 3.04 | 3.29 | 3.60 | 4.11 | 4.03 | |
Total Liabilities | 75.40 | 80.27 | 86.53 | 85.21 | 115.90 | 255.00 | 142.44 | 192.27 | 238.21 | 327.99 | 347.51 | 353.31 |
26.81 | 26.01 | 24.77 | 24.01 | 23.63 | 65.27 | 64.50 | 63.78 | 63.07 | 62.78 | 62.33 | 62.00 | |
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 |
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 |
17.22 | 22.96 | 15.99 | 15.37 | 42.23 | 94.82 | 8.89 | 39.55 | 41.18 | 55.23 | 45.91 | 20.46 | |
Total Assets | 75.40 | 80.27 | 86.53 | 85.21 | 115.90 | 255.00 | 142.44 | 192.27 | 238.21 | 327.99 | 347.51 | 353.31 |
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 | 4.82 | 0.76 | |
-10.15 | -0.04 | -14.41 | -0.35 | -4.75 | -45.56 | 117.70 | -46.35 | -57.90 | -89.51 | 18.43 | -22.79 | |
16.96 | -0.19 | 0.49 | -7.95 | 23.81 | 81.94 | -110.98 | 46.34 | 41.77 | 83.92 | 8.30 | -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 | 41.34 |
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 | 41.34 |
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 | 331.82 | 484.21 |
ROCE % | 6.16% | 7.21% | 7.50% | 8.21% | 8.44% | 7.41% | 3.04% | 2.74% | 2.45% | 2.41% | 1.93% | 1.62% |
Documents
Announcements
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 1d
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 1d
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 16 Aug
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 16 Aug
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Aug - Monitoring Agency Report for the quarter ended June 30, 2024 with reference to Preferential Issue of Warrants.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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]