CHOICEIN

Choice International Limited

Diversified financial services and consulting group

Financial Services›Financial Services›Finance›Holding Company

choiceindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹740.55
Market cap
16,501 Cr
Stock P/E
67.9
P/B
9.87
Dividend yield
0.0%
ROE (FY26)
11.9%
ROCE (FY26)
15.0%
Operating margin (FY26)
34.0%
Debt / equity (FY26)
0.53

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Choice (Choice International) is a financial services group that earns from stock broking, wealth and insurance distribution and small-ticket lending to retail clients, and from advisory consulting to government bodies.

Company snapshot

3rdBy market cap

Ranked among 13 companies in Holding Company.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 64.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Advisory Services
24.7%
52 Cr15 Cr165 Cr
Broking Services
64.4%
135 Cr30 Cr1,341 Cr
NBFC Services
12.8%
27 Cr-0.06 Cr896 Cr
Unallocable
3.6%
8 Cr0 Cr139 Cr

Shares add up to 105% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 21.3% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales191 Cr207 Cr215 Cr201 Cr247 Cr209 Cr253 Cr234 Cr274 Cr303 Cr307 Cr310 Cr
Operating expenses (approx.)142 Cr141 Cr147 Cr148 Cr172 Cr150 Cr157 Cr151 Cr185 Cr192 Cr191 Cr205 Cr
EBITDA49 Cr67 Cr67 Cr53 Cr76 Cr60 Cr96 Cr83 Cr89 Cr112 Cr116 Cr105 Cr
OPM %25.5%32.2%31.5%26.4%30.7%28.4%38.0%35.4%32.5%36.8%37.7%33.8%
Other income3 Cr3 Cr2 Cr5 Cr2 Cr2 Cr2 Cr4 Cr10 Cr5 Cr7 Cr9 Cr
Interest10 Cr11 Cr12 Cr13 Cr15 Cr16 Cr22 Cr21 Cr21 Cr21 Cr26 Cr28 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr4 Cr3 Cr10 Cr6 Cr
Profit before tax40 Cr56 Cr55 Cr43 Cr61 Cr43 Cr74 Cr63 Cr74 Cr92 Cr87 Cr80 Cr
Tax %25.2%28.3%28.6%26.2%23.4%29.0%27.6%23.7%24.1%29.0%21.7%24.2%
Net profit30 Cr40 Cr39 Cr32 Cr46 Cr31 Cr54 Cr48 Cr56 Cr66 Cr68 Cr61 Cr
EPS (₹)₹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 (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales130 Cr143 Cr127 Cr127 Cr169 Cr272 Cr385 Cr751 Cr910 Cr1,119 CrSign in free for the trailing twelve months
Operating expenses (approx.)103 Cr113 Cr103 Cr93 Cr134 Cr194 Cr287 Cr532 Cr626 Cr719 CrSign in free for the trailing twelve months
EBITDA27 Cr30 Cr24 Cr34 Cr34 Cr78 Cr99 Cr219 Cr285 Cr400 CrSign in free for the trailing twelve months
OPM %20.6%21.1%18.9%26.4%20.3%28.8%25.6%29.2%31.3%35.7%Sign in free for the trailing twelve months
Other income5 Cr9 Cr4 Cr5 Cr7 Cr14 Cr10 Cr9 Cr11 Cr25 CrSign in free for the trailing twelve months
Interest19 Cr21 Cr20 Cr17 Cr15 Cr15 Cr22 Cr40 Cr66 Cr89 CrSign in free for the trailing twelve months
Depreciation2 Cr3 Cr4 Cr3 Cr3 Cr3 Cr5 Cr7 Cr8 Cr20 CrSign in free for the trailing twelve months
Profit before tax11 Cr16 Cr5 Cr18 Cr23 Cr74 Cr82 Cr181 Cr221 Cr316 CrSign in free for the trailing twelve months
Tax %40.4%23.3%26.3%31.7%26.8%27.2%26.7%27.6%26.5%24.8%Sign in free for the trailing twelve months
Net profit6 Cr12 Cr0.42 Cr12 Cr17 Cr54 Cr60 Cr131 Cr163 Cr238 CrSign in free for the trailing twelve months
EPS (₹)₹6.02₹6.54₹0.21₹6.21₹7.78₹13.84₹6.04₹6.57₹8.16₹11.30Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr20 Cr20 Cr20 Cr29 Cr50 Cr100 Cr199 Cr200 Cr223 Cr
Reserves70 Cr146 Cr147 Cr193 Cr234 Cr360 Cr378 Cr432 Cr828 Cr1,449 Cr
Borrowings147 Cr174 Cr—142 Cr148 Cr216 Cr206 Cr455 Cr461 Cr884 Cr
Other liabilities60 Cr89 Cr299 Cr147 Cr245 Cr351 Cr421 Cr710 Cr1,053 Cr858 Cr
Total liabilities287 Cr428 Cr465 Cr503 Cr656 Cr978 Cr1,108 Cr1,806 Cr2,619 Cr3,566 Cr
Fixed assets (net)35 Cr76 Cr98 Cr72 Cr71 Cr73 Cr96 Cr104 Cr126 Cr127 Cr
CWIP0.11 Cr——0 Cr0.17 Cr0.51 Cr0.18 Cr0 Cr1 Cr10 Cr
Investments26 Cr47 Cr23 Cr21 Cr8 Cr12 Cr13 Cr25 Cr60 Cr253 Cr
Loans & advances———118 Cr247 Cr323 Cr155 Cr279 Cr331 Cr944 Cr
Inventories9 Cr17 Cr25 Cr31 Cr0 Cr24 Cr8 Cr0 Cr19 Cr0 Cr
Trade receivables114 Cr117 Cr67 Cr91 Cr76 Cr82 Cr116 Cr187 Cr275 Cr437 Cr
Cash & bank41 Cr62 Cr24 Cr37 Cr30 Cr26 Cr87 Cr145 Cr139 Cr194 Cr
Other assets60 Cr109 Cr227 Cr133 Cr223 Cr438 Cr634 Cr1,066 Cr1,668 Cr1,601 Cr
Total assets287 Cr428 Cr465 Cr503 Cr656 Cr978 Cr1,108 Cr1,806 Cr2,619 Cr3,566 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-20 Cr4 Cr-12 Cr26 Cr-45 Cr-34 Cr263 Cr-148 Cr-294 Cr-267 Cr
Cash from investing-11 Cr-22 Cr31 Cr13 Cr15 Cr-113 Cr-180 Cr-18 Cr-161 Cr-277 Cr
Cash from financing21 Cr39 Cr-29 Cr-15 Cr23 Cr139 Cr-21 Cr224 Cr449 Cr600 Cr
Net cash flow-9 Cr21 Cr-11 Cr24 Cr-7 Cr-8 Cr62 Cr58 Cr-6 Cr56 Cr
Free cash flow (OCF − Capex)-26 Cr-1 Cr-32 Cr24 Cr-46 Cr-38 Cr216 Cr-164 Cr-450 Cr-360 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.1%10.8%14.9%10.0%9.3%14.2%15.1%20.2%18.3%15.0%
ROE %7.9%7.4%0.3%5.8%6.4%13.0%12.5%20.4%14.2%11.9%
Debtor days31929719226216410910991110142
Inventory days264471880327080
Days payable1725—21302527131116
Cash conversion cycle3283172633291341168978107126
Debt / equity1.841.040.00990.670.560.530.430.720.450.53
Current ratio1.111.151.161.421.561.661.721.561.582.06
Net debt / EBITDA3.913.70-1.013.133.432.431.201.421.131.72