Choice International Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Broking Services: 54.0% • Outsourcing: 27.9% • NBFC Operations: 13.9%
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Company has delivered good profit growth of 70.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
- Company has a healthy return on capital (ROCE) of 22.3%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 46.0% CAGR over last 5 years
- Operating margins have improved to 35.8% from 28.0%
CONS
- Net NPA is elevated at 1.9% - provisioning cushion is thin
- Promoter holding has decreased over last 2 years: -4.6pp
- Free cash flow has been persistently negative
- Stock is trading at 8.5x its book value
- Though reporting repeated profits, the company pays out little dividend (0.0%)
- Growth is decelerating - 3Y profit CAGR (58.2%) trails the 5Y trend (70.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MCX | 3275.00 | 54.16 | 83509.83 | 0.24 | 413.44 | 103.47 | 702.00 | 88.10 | 48.10 | 70.40 |
| MOTILALOFS | 1027.05 | 31.24 | 61861.61 | 0.58 | 1273.71 | 9.53 | 3425.76 | 25.49 | 12.68 | 57.49 |
| 360ONE | 1092.20 | 35.27 | 44514.20 | 1.10 | 330.53 | 16.11 | 1226.09 | 26.85 | 12.28 | 63.01 |
| NUVAMA | 1735.60 | 29.56 | 32012.99 | 1.60 | 305.64 | 15.83 | 1376.22 | 22.59 | 17.52 | 52.80 |
| ANGELONE | 305.00 | 27.01 | 27878.11 | 1.33 | 2313.98 | 1921.51 | 14296.91 | 1153.53 | 14.87 | 33.92 |
| CHOICEIN | 758.85 | 71.12 | 16905.39 | 0.00 | 60.61 | 26.37 | 309.79 | 32.46 | 19.43 | 33.83 |
| IIFLCAPS | 338.65 | 18.72 | 10673.53 | 0.89 | 184.16 | 4.92 | 631.48 | 3.13 | 23.27 | 35.76 |
| SHAREINDIA | 199.05 | 11.98 | 4355.72 | 0.80 | 124.41 | 47.45 | 448.09 | 31.25 | 21.00 | 44.76 |
| ARSSBL | 489.00 | 23.76 | 3083.95 | 1.02 | 23.35 | 2.35 | 246.10 | 22.37 | 19.72 | 39.54 |
| MONARCH | 373.25 | 16.34 | 2960.18 | 0.27 | 45.18 | -0.15 | 90.89 | -7.25 | 33.26 | 66.00 |
| GEOJITFSL | 78.34 | 30.15 | 2186.64 | 1.91 | 19.83 | -30.83 | 160.40 | 7.46 | 9.35 | 20.55 |
| ALGOQUANT | 64.67 | 40.01 | 1817.85 | 0.00 | 164.80 | 3610.04 | 778.70 | 1328.81 | 33.57 | 33.64 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 138 | 191 | 207 | 215 | 201 | 247 | 209 | 253 | 234 | 274 | 303 | 307 | 310 | |
| 102 | 142 | 141 | 147 | 148 | 172 | 150 | 157 | 151 | 185 | 192 | 191 | 239 | |
| Operating Profit | 36 | 49 | 67 | 67 | 53 | 76 | 60 | 96 | 83 | 89 | 112 | 115 | 71 |
| OPM % | 26.07% | 25.48% | 32.19% | 31.46% | 26.39% | 30.66% | 28.45% | 38.04% | 35.37% | 32.54% | 36.84% | 37.66% | 22.82% |
| 2 | 3 | 3 | 2 | 5 | 2 | 2 | 2 | 4 | 10 | 5 | 7 | 9 | |
| Interest | 7 | 10 | 11 | 12 | 13 | 15 | 16 | 22 | 21 | 21 | 21 | 26 | 28 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 3 | 10 | 6 |
| Profit before Tax | 29 | 40 | 56 | 55 | 43 | 61 | 43 | 74 | 63 | 74 | 92 | 87 | 80 |
| Tax % | 27.66% | 25.20% | 28.34% | 28.62% | 26.24% | 23.40% | 29.02% | 27.63% | 23.74% | 24.12% | 28.98% | 21.74% | 24.17% |
| Net Profit | 0 | 0 | 0 | 0 | 32 | 46 | 31 | 54 | 48 | 56 | 66 | 68 | 61 |
| 2.14 | 3.01 | 4.05 | 1.98 | 1.61 | 2.33 | 1.54 | 2.68 | 2.38 | 2.75 | 3.09 | 3.05 | 2.72 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 130 | 143 | 127 | 129 | 169 | 284 | 389 | 751 | 910 | 1,119 | 1,194 | |
| 103 | 113 | 103 | 96 | 134 | 194 | 287 | 531 | 626 | 719 | 807 | |
| Operating Profit | 27 | 30 | 24 | 33 | 34 | 89 | 102 | 219 | 285 | 400 | 387 |
| OPM % | 20.69% | 21.16% | 19.04% | 25.79% | 20.34% | 31.47% | 26.27% | 29.23% | 31.27% | 35.76% | 32.43% |
| 5 | 9 | 4 | 6 | 7 | 3 | 7 | 9 | 11 | 25 | 31 | |
| Interest | 19 | 21 | 20 | 17 | 15 | 15 | 22 | 41 | 66 | 89 | 96 |
| Depreciation | 2 | 3 | 4 | 3 | 3 | 3 | 5 | 7 | 8 | 20 | 24 |
| Profit before Tax | 10 | 16 | 5 | 18 | 23 | 74 | 82 | 181 | 221 | 316 | 333 |
| Tax % | 41.43% | 23.63% | 26.31% | 31.71% | 26.76% | 27.20% | 26.70% | 27.62% | 26.47% | 24.81% | 24.86% |
| Net Profit | 6 | 12 | 3 | 12 | 17 | 54 | 60 | 131 | 163 | 238 | 251 |
| EPS | 3.03 | 6.02 | 0.21 | 12.43 | 5.11 | 6.04 | 3.01 | 6.66 | 7.84 | 9.77 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 20%
- 5 Years:
- 46%
- 3 Years:
- 42%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 48%
- 5 Years:
- 67%
- 3 Years:
- 54%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 56%
- 1 Year:
- -7%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 21%
- 3 Years:
- 23%
- Last Year:
- 20%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 20 | 20 | 20 | 29 | 50 | 100 | 199 | 200 | 223 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 9 | 78 | 152 |
| 60 | 146 | 147 | 168 | 220 | 360 | 371 | 408 | 625 | 1,419 | |
| 147 | 179 | 169 | 145 | 154 | 219 | 231 | 473 | 477 | 705 | |
| Trade Payables | 6 | 10 | 9 | 7 | 14 | 17 | 28 | 27 | 27 | 50 |
| 63 | 73 | 121 | 162 | 238 | 329 | 373 | 688 | 1,212 | 1,065 | |
| Total Liabilities | 287 | 428 | 465 | 502 | 655 | 976 | 1,107 | 1,805 | 2,619 | 3,614 |
| 37 | 78 | 98 | 86 | 84 | 87 | 125 | 132 | 258 | 298 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 |
| 26 | 47 | 23 | 20 | 7 | 11 | 11 | 23 | 59 | 178 | |
| 9 | 17 | 25 | 31 | 9 | 24 | 8 | 1 | 19 | 24 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 187 | 275 | 437 | |
| Cash & Bank | 41 | 62 | 24 | 51 | 48 | 139 | 252 | 386 | 491 | 519 |
| 173 | 224 | 294 | 314 | 507 | 716 | 712 | 1,075 | 1,517 | 2,148 | |
| Total Assets | 287 | 428 | 465 | 502 | 655 | 976 | 1,107 | 1,805 | 2,619 | 3,614 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -17 | 8 | -9 | 30 | -40 | -11 | 163 | -148 | -294 | -267 | |
| Cash from Investing | -11 | -22 | 31 | 13 | 15 | -126 | -48 | -18 | -161 | -277 |
| Cash from Financing | 21 | 39 | -29 | -15 | 23 | 152 | -29 | 224 | 449 | 600 |
| -9 | 21 | -11 | 24 | -7 | -8 | 62 | 58 | -6 | 56 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Intimation of Schedule of Analyst/Investors Meet.
2026-09-05 - Newspaper Advertisment for the 33rd Annual General Meeting of the Company to be held on September 26, 2026.
2026-09-04 - Letter to Shareholders- Intimation of Annual General Meeting
2026-09-04 - Notice of the 33rd Annual General Meeting and Annual Report for the Financial year 2025-26
2026-08-20 - Update on Acquisition of 100% stake of Choice Proptech Solutions Private Limited.
2026-08-17 - Earnings Call Transcript for Q1 and FY 27 Results.
2026-08-12 - Newspaper Publication for the Un-audited (Standalone and Consolidated) Financial results for the quarter ended June 30, 2026.
2026-08-11 - Earnings Conference call - Audio Recording for Q1 FY27
2026-08-10 - Press Release for the Un-audited financial results for the quarter ended June 30, 2026.
News
Recent coverage and analyst commentary for CHOICEIN
Loading news…
AI Stock Analyst
Choice International Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account