āagman

Not investment advice. Data and computed figures, for information only.

Choice International Ltd

NSE: CHOICEIN
₹736.00
−₹0.20 (−0.03%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹15,886 Cr
CMP
₹736.00
52-wk High / Low
₹861 / 569
P/E
69.7
P/B
9.5
Book Value
₹75.0
Div Yield
0.00%
ROCE
18.0%
ROE
16.1%
Face Value
₹10
D/E
0.54

Price−7.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹128
√(22.5 × EPS × book value per share)
ROIC
11.6%
vs 10.0% sector median
Cash flow to profit
−1.12
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−145
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
16.1%
ROE × earnings retention ratio
ROE stability
2.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.31DII −0.07
Latest quarter vs the previous one
Cash-accrual divergence
16.3%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 16% vs the 2023 sector median of 13%)
Watch-outs
−Borrowings are up 663.0% since FY2016 (119 to 908)
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 1.7pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)
−Balance-sheet accruals of 16.3% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales138191207215201247209253235274303307310
Expenses102142141147148172150157151185192191205
Operating Profit36496767537660968389112116105
OPM %26.1%25.7%32.4%31.2%26.4%30.8%28.7%37.9%35.3%32.5%37.0%37.8%33.9%
Other Income23325222310579
Interest7101112131516222121212628
Depreciation12222223343106
Profit before tax29405655436143746374928780
Net Profit21304039324631544856666861
EPS (₹)1.081.481.981.931.482.311.472.592.192.692.562.712.48

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales621871341521211321762853937569211,1371,194
Expenses361601031138593134194286531626719773
Operating Profit2628303936394192107225295419421
OPM %41.9%15.0%22.4%25.7%29.8%29.5%23.3%32.3%27.2%29.8%32.0%36.9%35.3%
Other Income00100001231731
Interest17191921201715152241668996
Depreciation222333335782024
Profit before tax6710161218237482181221316333
Net Profit54612612175460131163238251
EPS (₹)1.020.861.261.220.591.241.172.693.026.567.849.7710.44

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1010102020202950100199200223—
Reserves5053701461541932343603784328281,449—
Borrowings121119147177166143151219206455679908—
Other Liabilities46496084133146240347424718909984—
Total Liabilities2272322874284735026559761,1071,8052,6153,563—
Fixed Assets3234377898888688126134260373—
CWIP0014000057530—
Investments222226472220711112359178—
Other Assets1731752222993523955628779651,6412,2922,982—
Total Assets2272322874284735026559761,1071,8052,6153,563—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−2228−204−3626−45−52138−153−294−267
Cash from Investing Activity135−11−22541315−99−48−13−161−277
Cash from Financing Activity6−222139−28−1523146−29224449600
Net Cash Flow−311−921−1124−7−56258−656

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.014.014.013.010.010.010.017.016.025.020.018.0
ROE %———————————16.1
EPS (₹)1.020.861.261.220.591.241.172.693.026.567.849.77
Book Value (₹)———————————75.0
Face Value (₹)———————————10
P/E———————————69.7
Div Yield %———————————0.00
NPM %8.12.14.47.95.09.19.718.915.217.317.720.8
OPM %42.015.023.026.029.029.023.032.027.030.032.037.0
D/E2.021.891.841.070.950.670.570.530.430.720.660.54
P/B———————————9.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+20.0%
5 years+45.0%
3 years+43.0%
TTM+26.0%
Compounded profit growth
10 years+48.0%
5 years+67.0%
3 years+53.0%
TTM+32.0%
Stock price CAGR
10 years+52.0%
5 years+87.0%
3 years+50.0%
Last year−10.0%
Return on equity
10 years16.0%
5 years18.0%
3 years18.0%
Last year16.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters46.84%46.84%73.42%73.42%73.42%63.53%51.45%55.32%58.21%58.13%53.66%53.66%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%7.18%15.12%12.44%13.63%11.41%10.10%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.16%0.35%0.28%
Government0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Public53.16%53.16%26.58%26.58%26.58%36.46%41.36%29.56%29.29%28.09%34.59%35.97%
No. of shareholders2,1482,1482,1882,1452,0911,9253,5605,10118,51321,98426,09125,427
Change since Jun 2023 (pp)
Promoters +6.82FIIs +10.10DIIs +0.28Public −17.19

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationShareholder Meeting / Postal Ballot-Scrutinizer''s ReportClosure of Trading WindowShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTAug 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingFeb 2026TranscriptFeb 2026PPTOct 2025TranscriptOct 2025PPTOct 2025RecordingJul 2025TranscriptJul 2025PPT

Corporate actions

As of 20 Feb 2024
20 Feb 2024BONUSBonus 1:1—
22 Sep 2022BONUSBonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman