One of the small-cap fintech stocks engaged in offering a wide array of services, including stock broking, investment management, insurance, and corporate finance. The stock has jumped 4.90 percent after planning to set up a mutual fund.
Stock Price Movement:
With a market capitalization of Rs. 10,968.84 crores, the share of Choice International Limited has reached an intraday high of Rs. 563.05 per equity share, rising nearly around 4.90 percent from its previous day’s close price of Rs. 536.75.
Since then, the stock has retreated and is currently trading at Rs. 550.15 per equity share. Over the past year, the stock has provided impressive returns of more than 147.24 percent.
What Happened:
Choice International Limited will set up a mutual fund by establishing an asset management company and a trustee company. The company plans to operate in compliance with applicable SEBI regulations and other relevant laws, aiming to expand its financial services offerings.
Services Offering:
Choice International offers a wide range of financial services, including stock broking through BSE and NSE memberships, investment management, insurance products, expert advisory services on investments and financial planning, and retail loan distribution services to meet diverse client needs.
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Recent quarter results and ratios:
Choice International Limited’s revenue has increased from Rs. 191 crore in Q2 FY24 to Rs. 247 crore in Q2 FY25, which has grown by 29.32 percent. The net profit of Choice International Limited has also grown by 53.33 percent, from Rs. 30 crore in Q2 FY24 to Rs. 46 crore in Q2 FY25.
Choice International Limited’s revenue and net profit have grown at a CAGR of 44.64 percent and 85.28 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 24.8 percent and 23.6 percent, respectively. The debt-to-equity ratio of the company is to be 0.56x, which shows the company is almost debt-free. Choice International Limited’s EPS is to be Rs. 7.70.
Shareholding pattern
In September 2024, Choice International Limited had a majority stake held by the promoters at 58.21 percent, foreign institutional investors at 12.72 percent, domestic institutional investors at 0.09 percent, and the public at 28.98 percent.
Company Overview:
Choice International Limited was incorporated in 1993 and is a diversified financial services group based in Mumbai. The company offers a wide range of services, including broking and distribution, investment banking, business advisory, regulatory compliance, retail loan distribution, mutual fund distribution, and technical services, catering to government authorities and corporate entities.
Written By – Nikhil Naik
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