Choice International Ltd
NSE: CHOICEIN BSE: 531358Banking
Incorporated in 1993, Choice International Ltd provides services like Broking & Distribution, Investment Banking, Financial services, etc.[1]
₹657
52W: ₹569 — ₹860
PE 2877 · Book ₹46.5 · +1313% vs bookMarket Cap₹14,645 Cr
Stock P/E2877Price to Earnings
ROCE1.22%Return on Capital
ROE0.66%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is almost debt free.
Weaknesses
- −Stock is trading at 14.1 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 1.00% over last 3 years.
- −Working capital days have increased from 2,234 days to 4,401 days
Shareholding Pattern
Promoters53.66%
FIIs11.41%
DIIs0.35%
Public34.59%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 58.21% | 58.21% | 58.21% | 58.13%▼0.1 | 56.44%▼1.7 | 56.61%▲0.2 | 53.66%▼3.0 | 53.66% |
| FIIs | 12.22% | 12.72%▲0.5 | 13.7%▲1.0 | 13.63%▼0.1 | 13.97%▲0.3 | 12.97%▼1.0 | 12.16%▼0.8 | 11.41%▼0.8 |
| DIIs | 0.07% | 0.09%▲0.0 | 0.18%▲0.1 | 0.16%▼0.0 | 0.19%▲0.0 | 0.28%▲0.1 | 0.3%▲0.0 | 0.35%▲0.0 |
| Public | 29.51% | 28.98%▼0.5 | 27.92%▼1.1 | 28.09%▲0.2 | 29.39%▲1.3 | 30.15%▲0.8 | 33.89%▲3.7 | 34.59%▲0.7 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.49 | 3.14 | 2.72 | 7 | 5.81 | 6.37 | 5.27 | 6.58 | 7.6 | 9.65 |
| Expenses | 1.78 | 1.62 | 1.83 | 2.31 | 2.42 | 2.86 | 3.31 | 4.06 | 5.29 | 4.23 |
| Operating Profit | 1.71 | 1.52 | 0.89 | 4.69 | 3.39 | 3.51 | 1.96 | 2.52 | 2.31 | 5.42 |
| OPM % | 49% | 48.41% | 32.72% | 67% | 58.35% | 55.1% | 37.19% | 38.3% | 30.39% | 56.17% |
| Net Profit | 0.43 | 0.38 | 0.04 | 3 | 2.21 | 1.9 | 1.23 | 1.56 | 0.68 | 3.58 |
| EPS ₹ | 0.02 | 0.02 | 0 | 0.15 | 0.11 | 0.1 | 0.06 | 0.08 | 0.03 | 0.16 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹27.7Cr, up 11% YoY. OPM at 36.25%.
Debt Position
Borrowings at ₹13.27Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
Capex Cycle
CWIP at ₹7.87Cr (7% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.35% (+0.35pp change). FIIs: 11.41% (-3.56pp change). Promoters hold 53.66%.
Margin & Efficiency
ROCE declining from 7.5% (Mar 2015) to 1.22% (Mar 2026). Working capital days: 4400.56.
Valuation
PE 2877x with 1.22% ROCE. Price is 1313% above book value of ₹46.5. Dividend yield: 0%.
Recent Announcements
- Announcement Under Regulation 30 (LODR) 12 May - NCLT approved merger of Choice Wealth into Arete Capital; share exchange ratio 92:100.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 12 May - Postal ballot passed special resolutions to appoint Barnali Mukherjee and approve Section 186 limits.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 12 May
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 28 Apr - Earnings call Transcript for Q4 and Financial Year Ended 26.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr - Choice International says it is not a Large Corporate as of March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse