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Choice International Limited
(CHOICEIN)
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Rating:48Neutral
Price Target:
₹703.00
▼(-17.37% Downside)
Action:Reiterated
Date:10/10/26
The score is held back primarily by weak cash conversion (negative operating and free cash flow in most years) alongside a notable 2026 debt increase, which raises financial risk. Technicals also point to a bearish setup with price below key moving averages and weak momentum. Despite solid revenue and earnings growth, the high P/E (~61) provides limited valuation cushion.
Positive Factors
Strong Revenue Growth
Sustained 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 Conversion
Repeated 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained 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.
Read all positive factors
Choice International Limited (CHOICEIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹158.88B
Dividend YieldN/A
Average Volume (3M)24.33K
Price to Earnings (P/E)61.1
Beta (1Y)1.42
Revenue Growth28.51%
EPS Growth27.16%
CountryIN
Employees5,258
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)11.43
Shares Outstanding222,776,500
10 Day Avg. Volume47,877
30 Day Avg. Volume24,334
Financial Highlights & Ratios
PEG Ratio1.40
Price to Book (P/B)7.03
Price to Sales (P/S)10.27
P/FCF Ratio-31.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)15.03
Revenue Forecast (FY)₹15.04B
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 fo...
Choice International Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
34
Negative
| 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 | 0.00 | 35.66B | 26.19B | 18.06B | 11.08B | 9.78B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 6.44B | 5.18B | 1.92B | 5.86B | 498.40M |
| Total Debt | 0.00 | 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
Negative
850.80
Price Trends
775.21
Negative
755.70
Negative
742.74
Negative
Market Momentum
-15.31
Positive
35.69
Neutral
9.46
Positive
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 850.8 is above the 20-day moving average (MA) of 741.63, above the 50-day MA of 775.21, and above the 200-day MA of 742.74, indicating a bearish trend. The MACD of -15.31 indicates Positive momentum. The RSI at 35.69 is Neutral, neither overbought nor oversold. The STOCH value of 9.46 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹108.40B | 18.77 | ― | 0.87% | -4.46% | -19.71% | |
62 Neutral | ₹267.06B | 25.72 | ― | 1.73% | 9.28% | 3.02% | |
60 Neutral | ₹618.65B | 31.17 | ― | 0.58% | 14.81% | -29.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹10.58B | 26.02 | ― | ― | -1.44% | -31.76% | |
49 Neutral | ₹121.02B | 17.26 | ― | 1.17% | 16.27% | 44.44% | |
48 Neutral | ₹158.88B | 61.11 | ― | ― | 28.51% | 27.16% |
* General Sector Average
IN:CHOICEIN
Choice International Limited
713.20
-109.30
-13.29%
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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 t...
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 ...
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 cle...
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.