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Choice International

CHOICEIN NSE
₹745.95 +0.95 (+0.13%)
P/E
71.45
View as Markdown
MCP
Close 4 Nov 2026 ₹745.95 −52.90 −6.62% 1Y
Start ₹798.85

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
17.90%
Debt to Equity
0.54
EPS (TTM)
₹10.44
Book Value
₹79.16
Market Cap
—
P/E (TTM)
71.45
P/B
9.42
ROE
16.10%
Dividend Yield
0.00%
EBITDA
₹425 Cr
52W High
₹860.50
52W Low
₹568.70
Day Range
₹742.00 – ₹755.50
Volume
4,83,649

Peer Comparison

Financial Services › Holding Company

Choice International peer comparison
Bajaj Finserv
₹1,756.5027.70₹2,81,114 Cr3.350.09%13.20%10.60%₹1,63,654 Cr₹20,637 Cr
Bajaj Holdings & Investment
₹10,433.0013.11₹1,15,968 Cr1.590.63%11.90%11.00%₹1,139 Cr₹8,993 Cr
Choice International (this company)
₹745.9571.45₹16,587 Cr9.420.00%16.10%17.90%₹1,194 Cr₹251 Cr
Edelweiss Financial Services
₹121.9419.14₹11,783 Cr2.501.22%14.20%14.10%₹10,508 Cr₹711 Cr
JM Financial
₹113.9510.48₹11,024 Cr1.022.90%11.90%11.60%₹4,180 Cr₹1,111 Cr
Rane Holdings
₹1,475.8024.95₹2,162 Cr1.833.14%7.00%9.52%₹6,129 Cr₹127 Cr
Median 6 companies₹1,110.8822.05₹14,185 Cr2.170.93%12.55%11.30%₹5,155 Cr₹911 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

Category scores

Quality
61
Good
Returns, margins, earnings quality 22% weight
Valuation
15
Poor
Cheap vs sector & own history 24% weight
Growth
79
Strong
Sales & profit trajectory 9% weight
Financial Health
35
Poor
Solvency, leverage, coverage 9% weight
Momentum
72
Strong
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 67.0% CAGR over last 5 years
  • Company's median sales growth is 22.7% of last 10 years

Weaknesses

4
  • Stock is trading at 9.15 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 113 to 140 days.
  • Working capital days have increased from 259 days to 387 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish5410
OscillatorsBearish342
Moving AveragesStrong Bullish208

Key readings

RSI (14)
54.57
Neutral
MACD (12,26,9)
−1.68
Bullish
SMA (50)
744.87
Bullish
SMA (200)
734.62
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+19.78%
5Y+45.23%
3Y+42.49%
1Y+23.45%
TTM+26.48%

Net profit

Net profit growth by window
10Y+50.47%
5Y+69.52%
3Y+58.30%
1Y+46.01%
TTM+40.22%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow widened by ₹222 Cr
3YTurned negative
1YOutflow narrowed by ₹27 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+21.88 pp
5Y+13.55 pp
3Y+9.62 pp
1Y+4.82 pp
TTM+1.97 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹134 Cr
Mar 2018₹152 Cr
Mar 2019₹121 Cr
Mar 2020₹132 Cr
Mar 2021₹176 Cr
Mar 2022₹285 Cr
Mar 2023₹393 Cr
Mar 2024₹756 Cr
Mar 2025₹921 Cr
Mar 2026₹1,137 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹6.00 Cr
Mar 2018₹12.00 Cr
Mar 2019₹6.00 Cr
Mar 2020₹12.00 Cr
Mar 2021₹17.00 Cr
Mar 2022₹54.00 Cr
Mar 2023₹60.00 Cr
Mar 2024₹131 Cr
Mar 2025₹163 Cr
Mar 2026₹238 Cr

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Choice International Ltd trades at ₹745 as of 2026-11-03 with a market cap of ₹16,709 Cr. The company has demonstrated strong profit growth (67% CAGR over 5 years) and robust sales expansion (45% CAGR over 5 years), but carries a premium valuation at a P/E of 71.36x and P/B of 10.18x, while working capital efficiency has deteriorated significantly.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 67% CAGR, indicating rapid earnings expansion across market cycles
  • Strong 5-year compounded sales growth of 45% CAGR, reflecting sustained business momentum and market share gains in financial services
  • 10-year compounded profit growth of 48% demonstrates a long track record of earnings compounding, not just a recent spike
  • Median sales growth of 22.7% over the last 10 years points to consistent top-line expansion over a meaningful period
  • ROCE of 17.78% as of 2026-11-03 suggests the company generates reasonable returns on the capital it deploys
  • Debt-to-equity ratio of 0.54 is moderate for a financial services firm, indicating the balance sheet is not overleveraged
  • 5-year stock CAGR of 86% and 10-year stock CAGR of 51% reflect a long history of wealth creation for shareholders
  • TTM profit growth of 32% and TTM sales growth of 26% show the business continues to grow at a healthy pace even on a larger base
Bear Case 7
  • P/E of 71.36x as of 2026-11-03 is significantly elevated, demanding sustained high growth to justify the premium
  • Working capital days have ballooned from 259 to 387 days, signalling a sharp deterioration in capital efficiency and potential cash flow strain
  • Debtor days have increased from 113 to 140 days, indicating slower collections and rising receivable risk
  • Zero dividend yield despite reporting repeated profits suggests shareholders receive no income return on their investment
  • 1-year stock CAGR of -15% indicates meaningful recent price weakness even as the broader market environment has been supportive
  • ROE of 13.04% as of 2026-11-03 is modest relative to the rich P/B multiple of 10.18x, implying a stretched valuation relative to return generation
  • 3-year and 5-year average ROE of 18% has declined to 16% in the last year, suggesting returns on equity may be trending downward

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

AI News Digest

6h ago

TL;DR: Choice International delivered a strong Q2FY27 with 35.9% revenue growth and 23% PAT growth YoY, showing solid momentum across its financial services business. The 1:1 bonus issue signals management confidence in sustaining this trajectory. No visible headwinds emerged from the latest disclosure. The trend is clearly improving, though investors should watch whether this growth pace holds in coming quarters.

Positives 3
  • Strong Q2 PAT up 23% Nov 3

    Consolidated PAT rose 23% YoY to ₹694.72 million in Q2FY27, signaling healthy profit growth.

  • Revenue surges 35.9% YoY Nov 3

    Revenue from operations grew 35.9% YoY to ₹3,728.67 million in Q2FY27, indicating robust top-line expansion.

  • Board approves 1:1 bonus Nov 3

    Board approved a 1:1 bonus issue along with an increase in authorized share capital, a shareholder-friendly move reflecting management confidence.

Neutral 1
  • Q2FY27 earnings call released Nov 3

    Choice International released the audio recording of its Q2FY27 earnings call held on Nov 3, 2026.

Quarterly Results

₹ Cr
CHOICEIN quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
138
191
207
215
201
247
209
253
235
274
303
307
310
373
Expenses
102
142
141
147
148
172
150
157
151
185
192
191
205
248
Operating Profit
36
49
67
67
53
76
60
96
83
89
112
116
105
124
OPM %
26%
25%
32%
31%
26%
31%
28%
38%
36%
33%
37%
38%
34%
33%
Other Income
2
3
3
2
5
2
2
2
3
10
5
7
9
6
Interest
7
10
11
12
13
15
16
22
21
21
21
26
28
31
Depreciation
1
2
2
2
2
2
2
3
3
4
3
10
6
6
PBT
29
40
56
55
43
61
43
74
63
74
92
87
80
94
Tax %
28%
25%
28%
29%
26%
23%
29%
28%
24%
24%
29%
22%
24%
26%
Net Profit
21
30
40
39
32
46
31
54
48
56
66
68
61
69
EPS (₹)
1.08
1.48
1.98
1.93
1.48
2.31
1.47
2.59
2.19
2.69
2.56
2.71
2.48
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
CHOICEIN profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
62
187
134
152
121
132
176
285
393
756
921
1,137
1,194
Expenses
36
160
103
113
85
93
134
194
286
531
626
719
773
Operating Profit
26
28
30
39
36
39
41
92
107
225
295
419
421
OPM %
42%
15%
23%
26%
29%
29%
23%
32%
27%
30%
32%
37%
35%
Other Income
0
0
1
0
0
0
0
1
2
3
1
7
31
Interest
17
19
19
21
20
17
15
15
22
41
66
89
96
Depreciation
2
2
2
3
3
3
3
3
5
7
8
20
24
PBT
6
7
10
16
12
18
23
74
82
181
221
316
333
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
251
EPS (₹)
1.02
0.86
1.26
1.22
0.59
1.24
1.17
2.69
3.02
6.56
7.84
9.77
10.44
Div. Payout %
20%
23%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
CHOICEIN balance sheet, annual, ₹ crore
Particulars 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
219
206
455
679
908
Other Liabilities
46
49
60
84
133
146
240
347
424
718
909
984
Total Liabilities
227
232
287
428
473
502
655
976
1,107
1,805
2,615
3,563
Fixed Assets
32
34
37
78
98
88
86
88
126
134
260
373
CWIP
0
0
1
4
0
0
0
0
5
7
5
30
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
2,982
Total Assets
227
232
287
428
473
502
655
976
1,107
1,805
2,615
3,563

Cash Flow

₹ Cr
CHOICEIN cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−22
28
−20
4
−36
26
−45
−52
138
−153
−294
−267
Investing
13
5
−11
−22
54
13
15
−99
−48
−13
−161
−277
Financing
6
−22
21
39
−28
−15
23
146
−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
−57
91
−186
−434
−364
CFO/EBITDA
−77
108
−55
21
−93
78
−98
−31
153
−46
−80
−44

Ratios

CHOICEIN financial ratios, annual
Particulars 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
140
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
140
Working Capital Days
−125
−50
−52
−56
100
170
570
484
209
169
222
387
ROCE %
14%
14%
14%
13%
10%
10%
10%
17%
16%
25%
20%
18%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Choice International insights

60 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 53.65%
  • Public 20.16%
  • Others 15.92%
  • FIIs 9.97%
  • DIIs 0.29%

11.39% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Choice International

What does Choice International Ltd do?
Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.
Where is Choice International Ltd (CHOICEIN) listed?
Choice International Ltd trades as CHOICEIN on the NSE and under code 531358 on the BSE.
Which sector does Choice International Ltd belong to?
Choice International Ltd is classified under the Financial Services sector, in the Holding Company industry.
What is the PE ratio of Choice International Ltd?
Choice International Ltd trades at a PE ratio of 71.45 as of 4 Nov 2026, on earnings per share of ₹10.44, against a book value of ₹79.16 per share.
What is the 52-week high and low of Choice International Ltd?
Over the last 52 weeks Choice International Ltd has traded between ₹568.7 and ₹860.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Choice International Ltd?
Choice International Ltd reported a return on equity of 16.10%. Its debt-to-equity ratio is 0.54.

Company Information

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

Website choiceindia.com
CEO Mr. Arun Kumar Poddar CA
Employees 4,703
Listed 8 Apr 2022
Face Value ₹10

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