BSE: 531358 | NSE: CHOICEIN | Finance - Stock Broking | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Choice International Ltd is a below average quality company.
The key valuation ratios of Choice International Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Choice International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.5% | 8.2% | 8% | 8.2% | 4.9% | 3.7% | 3.1% | 2.8% | 2.2% | 1.9% | - |
| Value Creation Index ⓘ | -0.5 | -0.4 | -0.4 | -0.4 | -0.7 | -0.7 | -0.8 | -0.8 | -0.8 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 8.7 | 77.9 | 19.6 | 22.6 | 12.8 | 8.8 | 8.4 | 11.3 | 13 | 12.9 | 19 |
| Sales YoY Gr. | - | 800.1% | -74.8% | 15.3% | -43.6% | -31.4% | -4.6% | 34.9% | 14.8% | -0.5% | - |
| Adj EPS ⓘ | 0.3 | 0.4 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.3 |
| YoY Gr. | - | 16.7% | 54.3% | -55.6% | -29.2% | 23.5% | -19.1% | -29.4% | 0% | -41.7% | - |
| BVPS (₹) ⓘ | 10.4 | 10.6 | 11.1 | 10 | 10.2 | 10.4 | 10.6 | 12.8 | 12.9 | 13.1 | 14 |
| Adj Net Profit ⓘ | 1.4 | 1.7 | 2.6 | 2.3 | 1.6 | 2 | 2.3 | 2.4 | 2.3 | 1.4 | 6 |
| Cash Flow from Ops. ⓘ | 14.1 | 8.4 | -17.9 | -37.4 | 94.8 | -2.8 | 13 | 5.9 | 47.7 | 0.8 | - |
| Debt/CF from Ops. ⓘ | 2.3 | 3.6 | -2.7 | -2.9 | 0 | -8.3 | 2.6 | 4.7 | 0.8 | 47 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | 0.2% | 15.5% | -0.5% | ||||
| Adj EPS ⓘ | -14.9% | -16.3% | -25.6% | -41.7% | ||||
| BVPSⓘ | 2.6% | 5.3% | 7.3% | 1.7% | ||||
| Share Price | 55.5% | 123.2% | 159.6% | 146.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.9 | 3.3 | 5 | 3.1 | 1.7 | 2 | 1.9 | 1.2 | 0.9 | 0.5 | 2.1 |
| Op. Profit Mgn % ⓘ | 81.2 | 10.1 | 37 | 59.6 | 61 | 56.9 | 67.1 | 65.4 | 53.4 | 46.2 | 56.2 |
| Net Profit Mgn % ⓘ | 16.5 | 2.1 | 13.2 | 10.2 | 12.6 | 22.5 | 27.5 | 21.6 | 17.7 | 10.8 | 29.9 |
| Debt to Equity ⓘ | 0.6 | 0.6 | 0.9 | 1.2 | 0 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0 |
| Working Cap Days ⓘ | 817 | 73 | 521 | 1,090 | 1,405 | 853 | 1,706 | 1,569 | 995 | 488 | 795 |
| Cash Conv. Cycle ⓘ | 5 | 0 | -4 | -6 | -4 | 49 | 38 | -24 | 6 | 27 | 746 |
Return on Equity has increased versus last 3 years average to 2.10%
Sales growth is growing at healthy rate in last 3 years 15.53%
Sales growth is good in last 4 quarters at 32.46%
Net Profit has been subdued in last 3 years -25.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.3 | 7.9 |
| TTM Sales (₹ Cr.) | 18.7 | 870 |
| BVPS (₹.) ⓘ | 14 | 42.5 |
| Reserves (₹ Cr.) ⓘ | 81 | 649 |
| P/BV ⓘ | 39.30 | 12.97 |
| PE ⓘ | 0.00 | 69.55 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 215.00 / 568.85 |
| All Time Low / High (₹) | 0.10 / 566.00 |
| Market Cap (₹ Cr.) | 10,999 |
| Equity (₹ Cr.) | 199.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 6.99 | 6.91 | 6.88 | 11.10 | 11.45 | 11.45 | 13.84 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 9 | 78 | 21 | 23 | 13 | 9 | 9 | 11 | 13 | 13 |
| Interest Income | 9 | 78 | 20 | 23 | 13 | 9 | 8 | 11 | 13 | 13 |
| Other Income ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenditure ⓘ | 7 | 76 | 18 | 20 | 11 | 6 | 5 | 8 | 10 | 11 |
| Interest Expense ⓘ | 4 | 5 | 4 | 10 | 6 | 2 | 2 | 3 | 4 | 4 |
| Operating Expenses ⓘ | 3 | 71 | 13 | 9 | 6 | 4 | 3 | 4 | 6 | 7 |
| Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 4 | 3 | 2 |
| Taxes ⓘ | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 |
| Profit After Tax | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Adjusted EPS (₹) | 0.3 | 0.4 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 |
| Dividend Payout Ratio (%) | 70% | 60% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 50 | 51 | 53 | 137 | 139 | 141 | 187 | 297 | 303 | 313 |
| Share Capital ⓘ | 10 | 10 | 10 | 20 | 20 | 20 | 29 | 50 | 100 | 199 |
| Reserves ⓘ | 40 | 41 | 43 | 117 | 119 | 121 | 158 | 247 | 204 | 114 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 11 | 10 | 6 | 3 | 3 | 3 | 20 | 29 | 39 | 35 |
| Current Liabilities | 25 | 24 | 47 | 115 | 2 | 24 | 17 | 3 | 5 | 5 |
| Trade Payables | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 |
| Short term borrowings | 20 | 19 | 45 | 106 | 1 | 23 | 14 | 0 | 0 | 0 |
| Other Liabilities | -20 | -19 | -36 | -107 | -1 | 2 | 0 | 0 | -1 | 0 |
| Total Liabilities ⓘ | 87 | 85 | 116 | 255 | 144 | 193 | 238 | 329 | 348 | 354 |
Assets | ||||||||||
| Non Current Asset | 72 | 71 | 75 | 162 | 136 | 159 | 198 | 275 | 303 | 335 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 72 | 71 | 75 | 162 | 136 | 159 | 198 | 275 | 303 | 335 |
| Current Asset | 15 | 14 | 41 | 93 | 8 | 34 | 40 | 54 | 45 | 19 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Asset | 15 | 14 | 41 | 93 | 8 | 34 | 40 | 54 | 45 | 19 |
| Total Assets ⓘ | 87 | 85 | 116 | 255 | 144 | 193 | 238 | 329 | 348 | 354 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| DPS (₹) | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 50 | 50 | 53 | 48 | 48 | 49 | 51 | 51 | 26 | 13 |
Performance Ratios | ||||||||||
| ROA (%) | 1.7 | 1.9 | 2.6 | 1.2 | 0.8 | 1.2 | 1.1 | 0.9 | 0.7 | 0.4 |
| ROE (%) | 2.9 | 3.3 | 5.0 | 3.1 | 1.7 | 2.0 | 1.9 | 1.2 | 0.9 | 0.5 |
| ROCE (%) | 7.5 | 8.2 | 8.0 | 8.2 | 4.9 | 3.7 | 3.1 | 2.8 | 2.2 | 1.9 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.6 | 0.9 | 1.0 | 2.6 | 1.4 | 1.5 | 2.4 | 4.5 | 11.0 | 20.9 |
Choice International was established in the year 1993 as SK Patodia and Associates. The company started with initial services in area of debt syndication.
The company is promoted by Sunil Patodia. It later changed its name to Choice International. It is a global solution provider of business consulting, which was incorporated with a vision to provide world class management advisory services to several facets of enterprises.
The company offers services in area of project financing, assisting in raising funds by equity or debt routes, debt structuring, private equity, acquisitions, long term strategic planning, turnaround and structuring and joint ventures, divestitures and takeovers.
Currently the company is handling proposals for companies in varied sectors like banking and financial services, communications, healthcare, insurance, logistics, manufacturing, pharmaceuticals, retail and consumer products, travel and leisure and utilities and energy.
It also offers advisory and structuring assistance to a number of small and medium scale enterprises.
The company has the experience in successfully handling a number of assignments relating to stock exchange compliances. It has strong relationships with bankers and financial institutions.
Services Offering
The company is in process of applying for insurance broking approval from IRDA. It is also exploring newer service areas to cater to foreign investors willing to invest in India such as foreign exchange consulting, merchant banking license, opening international financial centres, debt syndication and equity assistance target to the size of Rs 2500 crore.
Currently, the company's are offices located in Mumbai, New Delhi, Bengaluru, Kolkata, Jaipur and Hong Kong.
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With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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