Choice International Limited (CHOICEIN) AI Stock Analysis

Choice International Limited

(NSE:CHOICEIN)

Select Model

Rating:58.6Neutral

Price Target:INR 741.00▲(2.71% Upside)

Action:downgraded

Date:10/10/26

The overall score is driven primarily by strong growth and profitability but is held back by weak cash generation, a bearish technical profile, and a rich valuation without dividend support.

Positive Factors

Strong Revenue GrowthSustained revenue expansion indicates that Choice International has continued to scale its capital-markets business and broaden activity over multiple years. Continued top-line growth can support operating leverage, reinvestment in services, and stronger competitive positioning over the next several quarters.

Negative Factors

Weak Cash ConversionRepeated negative operating and free cash flow shows that reported profits are not consistently converting into cash available to fund growth or reduce obligations. This weakens financial flexibility, increases reliance on external funding, and makes balance-sheet resilience more dependent on future cash-generation improvement.

Choice International Limited (CHOICEIN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 160.70B
Dividend Yield: ―
Average Volume (3M): 28.52K
Price to Earnings (P/E): 61.8
Beta (1Y): 1.41
Revenue Growth: 28.51%
EPS Growth: 27.16%
Country: India
Employees: 5,258
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Choice International Limited Business Overview & Revenue Model

Company Description

Choice International Limited, an Indian financial services provider established in 1993 and headquartered in Mumbai, delivers a comprehensive suite of financial solutions across the nation. The company's operations are distinctly organized into four...

Choice International Limited Financial Statement Overview

Summary

Combined financial performance reflects strong revenue growth, stable profitability, and expanding equity/assets from the income statement and balance sheet, offset by persistently negative operating and free cash flows that raise sustainability concerns.

Income Statement

88Very Positive

Balance Sheet

82Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.13B	11.45B	9.10B	7.50B	3.89B	2.76B
Gross Profit	9.69B	10.16B	4.31B	4.34B	2.02B	1.55B
EBITDA	4.04B	3.36B	2.92B	2.24B	1.07B	912.06M
Net Income	2.39B	2.18B	1.63B	1.31B	600.68M	535.76M
Balance Sheet
Total Assets	0	35.66B	26.19B	18.06B	11.08B	9.78B
Cash, Cash Equivalents and Short-Term Investments	0	6.44B	5.18B	1.92B	5.86B	498.40M
Total Debt	0	9.08B	4.63B	4.55B	2.22B	2.20B
Total Liabilities	-18.24B	17.42B	15.14B	11.66B	6.26B	5.67B
Stockholders Equity	18.24B	16.72B	10.27B	6.31B	4.77B	4.10B
Cash Flow
Free Cash Flow	-743.54M	-3.69B	-2.56B	-1.31B	2.16B	-569.67M
Operating Cash Flow	-666.58M	-2.67B	-2.26B	-1.48B	2.63B	-517.50M
Investing Cash Flow	-709.68M	-2.77B	-657.35M	-178.71M	-1.80B	-1.02B
Financing Cash Flow	1.34B	6.00B	3.96B	2.24B	-212.78M	1.52B

Choice International Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price721.45

Price Trends

50DMA748.18Negative

100DMA762.92Negative

200DMA736.25Negative

Market Momentum

MACD-7.94Negative

RSI46.48Neutral

STOCH76.23Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHOICEIN, the sentiment is Negative. The current price of 721.45 is below the 20-day moving average (MA) of 722.16, below the 50-day MA of 748.18, and below the 200-day MA of 736.25, indicating a bearish trend. The MACD of -7.94 indicates Negative momentum. The RSI at 46.48 is Neutral, neither overbought nor oversold. The STOCH value of 76.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CHOICEIN.

Choice International Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:CHOICEIN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ANGELONE	79Outperform	INR 258.83B	22.26	―	2.28%	21.45%	46.53%
IN:IIFLCAPS	69Neutral	INR 109.58B	17.74	―	0.86%	7.60%	3.87%
IN:5PAISA	65Neutral	INR 10.12B	28.05	―	―	8.94%	-23.92%
IN:CHOICEIN	59Neutral	INR 160.72B	61.81	―	―	28.51%	27.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MOTILALOFS	55Neutral	INR 564.99B	21.02	―	0.64%	44.44%	32.75%
IN:EDELWEISS	46Neutral	INR 114.72B	16.35	―	1.24%	16.27%	44.44%

* General Sector Average

Performance Comparison

IN:CHOICEIN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:CHOICEIN	Choice International Limited	721.45	-107.80	-13.00%
IN:5PAISA	5paisa Capital Ltd.	323.90	12.35	3.96%
IN:ANGELONE	Angel One Limited	283.00	32.69	13.06%
IN:EDELWEISS	Edelweiss Financial Services Limited	121.20	7.16	6.28%
IN:IIFLCAPS	IIFL Capital Services Ltd	347.50	12.52	3.74%
IN:MOTILALOFS	Motilal Oswal Financial Services Limited	937.00	-64.37	-6.43%

Choice International Limited Corporate Events

Choice International confirms SEBI-compliant dematerialisation for September quarter

Oct 8, 2026

Choice International Limited has informed stock exchanges that it has received a confirmation certificate from its registrar and share transfer agent, MUFG Intime India Private Limited, for the quarter ended 30 September 2026. The filing relates to c...

Choice International posts Q1 FY27 earnings call audio for investors

Aug 11, 2026

Choice International Limited, a listed financial services firm offering investment and advisory products, maintains a presence on both major Indian exchanges and serves a broad mix of retail and institutional investors. Its operations are closely ali...

Choice International Wins SEBI Nod for Category II AIF Sponsorship

Jul 11, 2026

Choice International Limited has received approval from the Securities and Exchange Board of India to act as sponsor of Wealthwave Capital Trust, a Category II Alternate Investment Fund, while its subsidiary Choice AMC Private Limited has been cleare...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 10, 2026

Choice International Limited AI Stock Analysis