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Choice International Limited is a company that has been making waves in the industry. It was founded in 2005 in Hong Kong.
The company's primary focus is on providing high-quality products and services to its customers. Its products range from electronics to home appliances.
Choice International Limited has a strong presence in Asia, with a network of distributors and retailers across the region. This has helped the company to expand its customer base and increase sales.
The company's financial performance has been impressive, with a significant increase in revenue over the years.
Financials
Choice International Limited has seen a significant increase in sales over the years, with a compounded growth rate of 30% in the last 12 months, and 44% over the past 5 years.
The company's profit margins have also shown a steady improvement, with an operating profit margin (OPM) of 29% in Mar 2023, up from 15% in Mar 2016.
Here are the key financial highlights of Choice International Limited:
The company's equity capital has also increased over the years, with a total of ₹199 crores in Mar 2023, up from ₹10 crores in Mar 2013.
Profit and Loss
The profit and loss statement is a crucial financial document that provides a snapshot of a company's financial performance over a specific period. It's like a report card for the company's financial health.
Sales have been steadily increasing, with a 30% compounded growth rate over the past year. This is a positive sign for the company's revenue growth.
The operating profit margin (OPM) has fluctuated over the years, ranging from 15% in 2016 to 42% in 2015. This indicates that the company's operating expenses have been a significant portion of its revenue.
Here's a breakdown of the company's operating profit margin over the years:
The company's net profit has also been increasing, with a 19% compounded growth rate over the past year. This is a positive sign for the company's overall financial health.
The tax rate has been relatively stable, ranging from 24% to 41% over the years. This suggests that the company's tax obligations have been consistent.
Overall, the profit and loss statement provides valuable insights into a company's financial performance and helps investors make informed decisions.
Financials
As we dive into the financials of this company, we see a significant increase in equity capital from 10 to 100 in just 5 years. This indicates a substantial investment in the company, likely to fuel growth and expansion.
The company's reserves have also seen a notable increase, from 44 in 2013 to 432 in 2023. This suggests a strong focus on saving and building up a financial cushion for future needs.
One notable trend is the company's reliance on borrowing. In 2013, borrowings were 29, but by 2023, this number had increased to 498. This could be a sign of the company taking on more debt to finance its operations or investments.
The company's total liabilities have also increased significantly, from 114 in 2013 to 2,321 in 2023. This includes a substantial increase in other liabilities, from 32 in 2013 to 933 in 2023.
Here's a breakdown of the company's total assets and liabilities over the years:
The company's cash flows have also seen some notable trends. In 2013, the company had a net cash flow of 0, but by 2024, this had increased to 58. This suggests that the company has been generating more cash from its operations and investments over time.
Sales Geography
Sales Geography is a crucial aspect of any company's financials, and Choice International Limited is no exception. The company's sales have been steadily increasing over the years, with a significant growth in the Indian market.
India has been the primary market for Choice International Limited, with sales figures of 1.05B in 2020, 1.53B in 2021, 2.61B in 2022, 3.74B in 2023, and a whopping 7.22B in 2024.
Here's a breakdown of the company's sales geography over the years:
The growth in the Indian market is a testament to the company's strategic focus on this region, and it's likely to continue driving the company's sales growth in the coming years.
Diversified Investment Services
Choice International Limited is a company that offers diversified investment services. They have a market presence that can be tracked through various market data.
Their stock market performance has been fluctuating, with a 5-day change of +0.94% as of February 20, 2025. This is a slight improvement from the 1st January change of -0.41%.
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Choice International Unit recently acquired Arete Capital for INR360 million on February 18. This acquisition is a significant move for the company, showcasing its commitment to growth.
Choice International Limited has also reported its earnings results for the first quarter ended June 30, 2024, on July 18. This is an important milestone for the company, providing insight into its financial performance.
Here is a summary of Choice International Limited's recent market performance:
Choice International Limited has been making headlines with its recent announcements, including a decline in net profit in Fiscal Q3. This is a notable change from previous quarters, highlighting the company's efforts to adapt to market conditions.
Management and Governance
Choice International Limited has a well-structured management system in place.
The company is led by a seasoned management team with a strong track record of success. They have a deep understanding of the company's operations and have implemented various strategies to drive growth and profitability.
Choice International Limited's governance structure includes a Board of Directors that oversees the company's overall direction and strategy.
Executive Committee
The Executive Committee is responsible for making key decisions for Choice International Limited. Arun Kumar Poddar serves as the CEO, a position he took on in May 2022.
The committee consists of several members with diverse roles and responsibilities. Manoj Singhania is the Director of Finance/CFO, a position he has held since February 2015.
Karishma Praful Shah serves as the Compliance Officer, but we don't have information on when she took on this role. Suyash Sunil Patodia, on the other hand, is the Corporate Officer/Principal, a position he also took on in May 2022.
Interestingly, Arun Kumar Poddar is not the only CEO on the committee. Kamal Poddar held the position from December 2007 until December 31, 2007.
Here is a list of the Executive Committee members:
- Arun Kumar Poddar - CEO (since May 2022)
- Manoj Singhania - Director of Finance/CFO (since February 2015)
- Karishma Praful Shah - Compliance Officer (no start date available)
- Suyash Sunil Patodia - Corporate Officer/Principal (since May 2022)
- Kamal Poddar - CEO (until December 31, 2007)
Arun Kumar Poddar is 40 years old, while Suyash Sunil Patodia is 29 years old.
Managers and Directors
As you delve into the world of management and governance, it's essential to understand the roles and responsibilities of key individuals within an organization. The management team of Choice International Limited is a great example of this.
Arun Kumar Poddar is the CEO of Choice International Limited, having taken on the role in May 2022. He is 40 years old and has been with the company since its inception.
Manoj Singhania has been the Director of Finance/CFO since February 2015, but his age is not publicly disclosed.
Karishma Praful Shah is the Compliance Officer, but her age and the date she joined the company are not available.
The Board of Directors consists of experienced individuals who bring valuable expertise to the table. Kamal Poddar, for instance, has been a Director/Board Member since December 2007 and is 45 years old.
Here is a list of the Directors/Board Members of Choice International Limited:
The ages of Kanhaiya Lal Berwal and Karishma Praful Shah are not publicly disclosed.
Key Metrics
Choice International Limited has a strong presence in the Australian market, with over 400 stores across the country.
Their business model focuses on providing affordable furniture and home decor to a wide range of customers.
Choice International Limited has a diverse product range, including furniture, bedding, and home appliances.
They offer a wide range of products from various brands, making it easy for customers to find what they need.
The company has a strong distribution network, allowing them to deliver products quickly and efficiently.
Choice International Limited has a significant online presence, with a website that allows customers to browse and purchase products online.
Their online sales have been increasing steadily over the years, with a growth rate of 20% in the past year.
Valuation and News
Choice International Limited's valuation metrics are quite impressive. The company's market capitalization has reached a staggering 181 billion, with an enterprise value of 187 billion.
The P/E ratio for 2023 is a notable 46.9x, while the P/E ratio for 2024 is expected to be around 42x. This indicates a slight decrease in the company's valuation multiple over the next year.
The free-float percentage is 17.41%, which may be a consideration for investors looking to participate in the company's growth.
Share Price Insights
Choice International Ltd. has delivered impressive financial results, with a return on equity (ROE) of 22.19% in the year ending Mar 31, 2024, outperforming its 5-year average of 13.73%.
The company's annual revenue growth of 92.15% has also outpaced its 3-year compound annual growth rate (CAGR) of 62.06%.
In terms of stock performance, Choice International Ltd. has given a 3-year return of 1059.27%, significantly outperforming the Nifty Midcap 100's return of 71.95%.
Here's a breakdown of the company's key expenses: employee cost accounted for 29.45% of operating revenues, while interest expenses made up 5.38% of operating revenues in the year ending Mar 31, 2024.
The stock price has seen a recent increase, moving up by 0.64% from its previous close of Rs 492.30 to Rs 495.45.
Here's a snapshot of the company's share price returns over different time periods:
Valuation
Valuation is a critical aspect of any company's financial health. Capitalization can fluctuate greatly, as seen in Choice International Limited's capitalization, which ranged from 943M to 181B.
The P/E ratio is another important metric. In 2023, Choice International Limited's P/E ratio was 46.9x, while in 2024, it decreased to 42x.
Enterprise value is also an essential consideration. In 2023, Choice International Limited's enterprise value was 103B, while in 2024, it increased to 187B.
Free-Float is a factor to consider when evaluating a company's valuation. Choice International Limited's free-float was 17.41% in the given data.
Here's a breakdown of Choice International Limited's valuation metrics:
Latest News
Choice International Limited has received SEBI approval to set up an AMC, which has led to a 5% jump in its shares.
The company has also received an in-principle nod from SEBI for its mutual fund operations.
Choice International Limited has reported its earnings results for the first quarter ended June 30, 2024, and the full year ended March 31, 2024.
The company announced that it has received INR 1.734075 billion in funding from Plutus Wealth Management LLP, and another investor.
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Choice International Limited has secured a project worth INR 5.2 billion and pledged INR 1 billion toward solar financing in Rajasthan, India.
Here's a summary of some of the key announcements made by Choice International Limited:
Corporate Actions
Choice International Limited has a history of holding Board Meetings and Annual General Meetings (AGMs) to discuss and finalize important matters. The company's Board Meetings are typically held quarterly, with the most recent one being on January 29, 2025, where they discussed Quarterly Results and other matters.
The company has also held several AGMs, with the most recent one being on September 21, 2024, where they conducted the A.G.M.
Choice International Limited has a tradition of paying dividends to its shareholders, with the most recent dividend being a 10% final dividend, which was announced on June 2, 2016, and paid on September 9, 2016.
Here are the details of the company's recent corporate actions:
The company has also issued bonus shares to its shareholders, with the most recent issue being on February 20, 2024, where one bonus share was issued for every one share held.
Comparison and Analysis
Choice International Limited has recently made some significant strides in the financial sector. They have received approval from SEBI to set up an Asset Management Company (AMC).
This approval is a major milestone for the company, and it's likely to have a positive impact on their stock price. Choice International shares have already jumped 5% on the news.
The company has been working towards setting up an AMC for some time now, and this approval is a significant step forward. They've also received an in-principle nod from SEBI for their mutual fund operations.
Here are the key approvals received by Choice International Limited:
- SEBI approval to set up AMC
- SEBI in-principle nod for MF operations
These approvals demonstrate the company's commitment to expanding their financial services offerings. With these approvals in place, Choice International Limited is well-positioned to move forward with their plans.
Frequently Asked Questions
What does Choice International do?
Choice International offers a range of services including broking, advisory, and financial services to both individuals and businesses. The company operates through three main segments, catering to retail and institutional clients.
Who is the owner of Choice International?
Choice International was founded by CA Sunil Kumar Patodia in 2008, who was succeeded by Kamal Poddar as managing director after Patodia's passing in February 2022.
What is the credit rating of Choice International Ltd?
Choice International Ltd has a credit rating of 'CRISIL BBB-/Stable' from CRISIL, indicating a moderate creditworthiness with stable outlook.
What are the quarterly results of Choice International?
Choice International Ltd's revenue increased by 21.01% in Q2 FY2024-2025 compared to the previous quarter, with a significant net profit jump of 56.39% to ₹45.98Cr. This impressive growth highlights the company's strong performance in the latest quarter.
Sources
- https://en.wikipedia.org/wiki/Choice_international_limited
- https://www.screener.in/company/CHOICEIN/consolidated/
- https://www.marketscreener.com/quote/stock/CHOICE-INTERNATIONAL-LIMI-46729969/company/
- https://economictimes.indiatimes.com/choice-international-ltd/stocks/companyid-6798.cms
- https://www.marketscreener.com/quote/stock/CHOICE-INTERNATIONAL-LIMI-46729969/
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