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Choice International Ltd share Price Today

Company details

374.70
382.50
166.13
382.50
6M Return 72.74%
1Y Return 97.02%
Mkt Cap.(Cr) 7,592.35
Volume 324,804
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 324,804

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Capital Markets company Choice International announced Q2FY24 & H1FY24 results:

1. Financial Performance:
- H1FY24 Revenue increased by 112% YoY to Rs 333.2 crore.
- Total Revenue of Rs 193.9 crore for Q2FY24, a growth of 147% YoY.
- EBITDA of Rs 51.6 crore for Q2FY24, with EBITDA Margins of 26.6%.
- PAT of Rs 29.9 crore, a growth of 264% YoY, with PAT Margins of 15.4%.

2. Business Segments:
- Revenue contribution of 60% from Stock Broking, 30% from Advisory, and 10% from the NBFC segment.
- Number of Demat Accounts stood at 768k, a growth of 27% YoY.
- AUM for stock broking stood at Rs 311 billion, a growth of 89% YoY.
- AUM for mutual funds stood at Rs 436.2 crore, a surge of 24% YoY.
- Insurance premium generated Rs 49.2 crore, an increase of 307% YoY.
- Number of policies sold stood at 8,755, a surge of 248% YoY.

3. NBFC Segment:
- Total Loan book for the NBFC segment at the end of Q2FY24 stood at Rs 474.2 crore.
- Retail Loan Book for Q2FY24 stood at Rs 205.9 crore.
- Net Non-Performing assets (NNPA) as of Sep 30, 2023 is 0.64%.

4. Advisory Segment:
- Advisory segment Order book stood at Rs 545 crore, an increase of 79% YoY.

Commenting on the H1FY24 & Q2FY24 performance Kamal Poddar, Managing Director said, "Choice has ended the first half of this financial year with a staggering growth of 112% YoY reporting a revenue of Rs 333.2 crore in H1FY24. In Q2FY24 we reported a revenue of Rs 193.9 crore, a growth of 147% on a YoY basis. We have delivered consistent performance in the second quarter of FY24 and are on track for the goals set for this financial year. Our consolidated EBITDA and PAT for Q2FY24 stood at Rs 51.6 crore and Rs 29.9 crore respectively.

Choice has always over-delivered across all segments. Our broking and distribution business which is our core strength delivered strong performance for the quarter clocking in revenue of Rs 121.6 crore in Q2FY24, a growth of 117% YoY. The stock broking business added 47k demat accounts, taking the total to 768k demat accounts. Choice has withheld its position of 5th Rank in the Full Service Brokers category as per NSE’s active (UCC) list. The AUM for the Mutual Fund business stood at Rs 436.2 crore, a growth of 24% YoY. This growth has been backed by continuous expansion in Tier II cities and beyond and also cross-selling services to existing clients.

Choice Insurance Broking generated a premium of Rs 49.2 crore in Q2FY24, a staggering growth of 307% on a YoY basis. The total number of policies sold stood at 8,755, a growth of 248% YoY. We have focused aggressively on the corporate insurance policies during the quarter. There has been an increase in enquiries for insurance policies by 163% on a YoY basis, and we have maintained a conversion ratio of 68%.

The relatively newer business of the group, which is the NBFC business, has grown well in the last one year, clocking in a total loan book of Rs 474.2 crore which includes a retail loan book of Rs 205.9 crore. The focus continues to be on growing the retail loan book. This growth is on the back of increasing geographical expansion across Tier III and below cities where the demand for small ticket-size loans is surging. We are focusing on regularizing the informal lending sector and digitizing the journey for the customer through our easy-to-use mobile application ‘Choice Money’."

 

 

Result PDF

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Choice International Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Good quarterly growth in the recent results

Weakness (3)

  • Promoters increased pledged shares QoQ
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Book Value Per Share deteriorating for last 2 years

Opportunity (3)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 384.0
R2 387.1
R3 391.8
Pivot

379.33

S1 376.2
S2 371.5
S3 368.4
EMA SMA
362.0
340.0
312.4
274.0
360.2
339.9
306.9
264.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 539.9 244336 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 539.9 244336 BSE
PATODIA PROPERTIES PRIVATE LIMITED Bulk Purchase 2023-03-20 255 1100000 BSE
Name Category Shares
VINITA SUNIL PATODIA PROMOTER 12.44%
ARUNKUMAR PODDAR PROMOTER 8.13%
KAMAL PODDAR PROMOTER 8.02%
SUYASH SUNIL PATODIA PROMOTER 4.61%
HEMLATA KAMAL PODDAR PROMOTER 4.01%
SONU PODDAR PROMOTER 4.01%
ARCHANA ANIL PATODIA PROMOTER 3.16%
ANIL CHOTHMAL PATODIA PROMOTER 2.21%
AAYUSH ANIL PATODIA PROMOTER 0.6%
SUNIL CHOTHMAL PATODIA HUF PROMOTER 0.6%
ANIL CHOTHMAL PATODIA HUF PROMOTER 0.6%
AASTHA ANIL PATODIA PROMOTER 0.6%
PATODIA PROPERTIES PRIVATE LIMITED PROMOTER 4.25%
NS TECHNICAL CONSULTANCY PRIVATE LIMITED PROMOTER 2.6%
SHREE SHAKAMBHARI EXIMS PRIVATE LIMITED PROMOTER 1.2%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
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P BV

Choice International Ltd Stocks COMPARISON

Financials( in Cr) Choice International Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 380.80 7,081.85 1,587.65 176.87 355.35
% Change 0.59 -0.73 0.55 0.31 -1.54
Mcap Cr 7,592.35 438,363.68 253,307.81 231,142.67 225,763.95
Revenue TTM Cr 392.94 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 60.07 11,507.69 12,209.54 6,337.01 31.25
PE TTM 58.96 30.33 31.10 36.01 140.43
1 Year Return 97.02 -1.72 4.50 435.16 42.77
ROCE 16.53 11.76 12.69 5.32 0.03
ROE 14.95 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 477.29 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Choice International Ltd Information

Stock PE (TTM)
58.96
Promoter Holding
58.21%
Book Value
29.5777
ROCE
16.53%
ROE
14.95%
Description
  • Choice International Ltd, incorporated on March 12, 1993, is a RBI registered "Non-Banking Financial Company" (NBFC). The Company the provide performance-enhancing advisory services to global corporations. Since then, the firm has built a strong reputation globally as a provider of business consulting solutions targeting diverse facets of running a business enterprise. In FY 2011-12, the Company was registered as a Market Maker in SME segment of BSE. It converted Choice Equity Broking P. Ltd. Trading Membership into Clearing Membership of BSE F&O Segment. It got broking license in MCX-SX in cash and F&O segment. In FY 2012-13, the Company acquired Debt Market membership in National Stock Exchange (NSE) Limited; it started market making activities in Small and Medium Enterprises (SME) segment. The broking firm has acquired the membership under the Cash and F&O segment of MCX-SX. During Apr` 16, the Company had issued one Crore Warrants, which resultantly were converted in to Equity Shares on Preferential basis to the Promoters of the Company and were subsequently listed on "BSE Limited" the exchange on July 03, 2017 & were traded on the exchange with effect from July 18, 2017. The Company acquired 100 % stake in M/s. Choice Retail Solutions Private Limited, thus entering the league of Choice group by becoming the wholly owned subsidiary of the Company. It disposed of its holding in M/s. Choice E-Commerce Private Limited the Wholly owned Subsidiary Company & thus bolted down on its ECommerce Vertical. The Company launched `lnvestica` platform in 2017. The Equity Shares of Company were listed on the " NSE" Main Board platform effective from April 08, 2022. On April 08, 2021 the wholly owned subsidiary, M/s. Choice Equity Broking Private Limited (CEBPL) had entered in to the agreement with the promoters and shareholders of M/s. Escorts Securities Limited (ESL) for acquisition of the Company "ESL" from its existing Shareholder & Promoter. "ESL" before acquisition was a subsidiary of M/s. Escorts Limited a renowned Business House located at National Capital Region, listed on "BSE" & "NSE". On February 14, 2022 the entire control of " ESL" was taken over by wholly owned subsidiary "CEBPL". With effect from February 14, 2022 "ESL" the wholly owned subsidiary "CEBPL". Further pursuant to change in control and management the name of the Company " ESL" with effect from April 26, 2022 was changed to "Shreeyam Securities Limited". The Company acquired 50% stake in the Company M/s. Choice Insurance Broking India Private Limited by acquiring 6,60,000 Shares for a consideration of Rs. 59,40,000/- effective on October 29, 2021. A step down subsidiary M/s. Choice Wealth Private Limited has acquired mutual fund distribution business of"Centcart Money Services Private Limited" during 2021-22.

Registered Address

Shakambari Corporate Park, 156-158 J B Nagar Andheri (E), Mumbai, Maharashtra, 400099

Tel : 91-022-67079999
Email : info:choiceindia.com
Website : http://www.choiceindia.com
Registrar

Sharex Dynamic (India) Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 531358
NSE Code : CHOICEIN
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE102B01014

FAQ’s on Choice International Ltd Shares

You can buy Choice International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Choice International Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:58 PM the closing price of Choice International Ltd was Rs.380.80.

The latest PE ratio of Choice International Ltd as of Jun 24, 2024 03:58 PM is 58.96

The latest PB ratio of Choice International Ltd as of Jun 24, 2024 03:58 PM is 0.08

The 52-week high of Choice International Ltd share price is Rs. 382.50 while the 52-week low is Rs. 166.13

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:58 PM, the market cap of Choice International Ltd stood at Rs. 7,592.35 Cr.

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