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 68.0
  • Book Value 44.6
  • Dividend Yield 0.00 %
  • ROCE 24.8 %
  • ROE 23.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 85.9% CAGR over last 5 years

Cons

  • Stock is trading at 11.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
67 92 77 77 96 137 138 191 207 215 201 247 209
45 66 61 61 72 92 102 142 141 147 148 172 150
Operating Profit 22 26 16 16 24 45 36 49 67 67 53 76 60
OPM % 33% 28% 21% 20% 25% 33% 26% 25% 32% 31% 26% 31% 28%
0 1 2 2 2 2 2 3 3 2 5 2 2
Interest 3 5 5 5 7 6 7 10 11 12 13 15 16
Depreciation 1 1 1 1 1 1 1 2 2 2 2 2 2
Profit before tax 18 21 12 12 18 40 29 40 56 55 43 61 43
Tax % 25% 27% 34% 29% 24% 25% 28% 25% 28% 29% 26% 23% 29%
14 15 8 8 14 30 21 30 40 39 32 46 31
EPS in Rs 0.68 0.77 0.39 0.42 0.71 1.52 1.08 1.48 1.98 1.93 1.48 2.31 1.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
42 62 62 187 134 152 121 132 176 285 393 756 872
32 46 36 160 103 113 85 93 134 194 286 531 616
Operating Profit 10 16 26 28 30 39 36 39 41 92 107 225 256
OPM % 24% 25% 42% 15% 23% 26% 29% 29% 23% 32% 27% 30% 29%
0 0 -0 0 1 0 0 0 0 1 2 3 11
Interest 3 9 17 19 19 21 20 17 15 15 22 41 57
Depreciation 1 1 2 2 2 3 3 3 3 3 5 7 7
Profit before tax 6 6 6 7 10 16 12 18 23 74 82 181 203
Tax % 35% 38% 25% 39% 41% 24% 28% 32% 27% 27% 27% 28%
4 3 5 4 6 12 6 12 17 54 60 131 149
EPS in Rs 0.73 0.70 1.02 0.86 1.26 1.22 0.59 1.24 1.17 2.69 3.02 6.56 7.19
Dividend Payout % 27% 29% 20% 23% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 28%
5 Years: 44%
3 Years: 63%
TTM: 30%
Compounded Profit Growth
10 Years: 44%
5 Years: 86%
3 Years: 99%
TTM: 19%
Stock Price CAGR
10 Years: 54%
5 Years: 92%
3 Years: 121%
1 Year: 69%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 18%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 10 10 10 10 20 20 20 29 50 100 199 199
Reserves 44 46 50 53 70 146 154 193 234 360 378 432 690
29 96 121 119 147 177 166 143 151 220 206 455 498
32 38 46 49 60 84 133 146 240 346 424 718 933
Total Liabilities 114 189 227 232 287 428 473 502 655 976 1,107 1,805 2,321
28 32 32 34 37 78 98 88 86 88 126 134 133
CWIP 0 0 0 0 1 4 0 0 0 0 5 7 0
Investments 15 26 22 22 26 47 22 20 7 11 11 23 36
70 131 173 175 222 299 352 395 562 877 965 1,641 2,152
Total Assets 114 189 227 232 287 428 473 502 655 976 1,107 1,805 2,321

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 -14 -22 28 -20 4 -36 26 -45 -34 138 -148
-14 -40 13 5 -11 -22 54 13 15 -123 -48 -18
19 57 6 -22 21 39 -28 -15 23 152 -29 224
Net Cash Flow 0 3 -3 11 -9 21 -11 24 -7 -5 62 58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 274 308 572 169 313 281 201 251 158 104 107 91
Inventory Days 145 584 32 206 284
Days Payable 952 1,984 164 136 160
Cash Conversion Cycle 274 -499 -828 38 383 405 201 251 158 104 107 91
Working Capital Days 128 242 490 148 323 350 586 553 570 479 209 169
ROCE % 13% 12% 14% 14% 14% 13% 10% 10% 10% 17% 16% 25%

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.

Documents

Concalls