Choice International (CHOICEIN) | Financial Analysis & Statements
Choice International Limited Mid-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2026Income Metrics
Revenue
3.1B
Gross Profit
2.2B
70.31%
Operating Income
1.1B
34.38%
Net Income
678.4M
22.12%
EPS (Diluted)
₹3.02
Balance Sheet Metrics
Total Assets
35.7B
Total Liabilities
17.4B
Shareholders Equity
18.2B
Debt to Equity
0.96
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Mar 31, 2026
Annual Income Flow
2026
Choice International Income Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 11.2B | 9.1B | 7.5B | 3.9B | 2.7B |
| Cost of Goods Sold | 3.3B | 4.8B | 3.2B | 1.9B | 1.2B |
| Gross Profit | 7.9B | 4.3B | 4.3B | 2.0B | 1.5B |
| Gross Margin % | 70.9% | 47.4% | 57.6% | 51.9% | 55.6% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 3.9B | 615.7M | 712.5M | 560.8M | 568.5M |
| Other Operating Expenses | - | 513.4M | 1.1B | 236.0M | 121.6M |
| Total Operating Expenses | 3.9B | 1.1B | 1.8B | 796.8M | 690.1M |
| Operating Income | 3.8B | 2.8B | 2.1B | 1.0B | 787.5M |
| Operating Margin % | 34.0% | 30.7% | 28.5% | 26.8% | 29.0% |
| Non-Operating Items | |||||
| Interest Income | - | 56.2M | 47.4M | 37.2M | 14.2M |
| Interest Expense | 890.9M | 626.9M | 366.6M | 200.1M | 141.9M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 3.2B | 2.2B | 1.8B | 819.5M | 736.4M |
| Income Tax | 785.1M | 585.8M | 499.4M | 218.8M | 200.3M |
| Effective Tax Rate % | 24.8% | 26.5% | 27.6% | 26.7% | 27.2% |
| Net Income | 2.4B | 1.6B | 1.3B | 600.7M | 536.0M |
| Net Margin % | 21.3% | 17.9% | 17.4% | 15.4% | 19.7% |
| Key Metrics | |||||
| EBITDA | 4.3B | 2.9B | 2.2B | 1.1B | 830.4M |
| EPS (Basic) | - | ₹8.16 | ₹6.57 | ₹3.02 | ₹3.02 |
| EPS (Diluted) | - | ₹7.99 | ₹6.52 | ₹3.01 | ₹3.02 |
| Basic Shares Outstanding | - | 199426000 | 199099000 | 199024000 | 177406000 |
| Diluted Shares Outstanding | - | 199426000 | 199099000 | 199024000 | 177406000 |
Income Statement Trend
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Choice International Balance Sheet From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.9B | 1.4B | 1.5B | 873.3M | 256.2M |
| Short-term Investments | 10.1B | 811.4M | 464.4M | 566.7M | 242.2M |
| Accounts Receivable | 4.4B | 2.7B | 1.9B | 1.2B | 817.0M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 537.6M | 238.2M | 134.3M | -2.0K | 237.1M |
| Total Current Assets | 26.5B | 18.8B | 14.1B | 8.7B | 8.5B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 1.8B | 4.0M | 186.6M | 178.9M | 4.0M |
| Goodwill | 2.4B | 1.9B | 261.1M | 250.0M | 242.7M |
| Intangible Assets | 383.9M | 147.4M | 96.1M | 85.0M | 55.9M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 41.7M | 3.9M | -1.0K | 1.0K | 24.0K |
| Total Non-Current Assets | 9.1B | 7.4B | 3.9B | 2.4B | 1.2B |
| Total Assets | 35.7B | 26.2B | 18.1B | 11.1B | 9.8B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 502.8M | 269.2M | 270.6M | 280.5M | 174.7M |
| Short-term Debt | 4.8B | 3.9B | 2.3B | 1.2B | 1.8B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 577.9M | 708.5M | 44.9M | 11.8M | 2.2M |
| Total Current Liabilities | 12.9B | 11.9B | 9.1B | 5.1B | 5.2B |
| Non-Current Liabilities | |||||
| Long-term Debt | 4.3B | 2.9B | 2.2B | 893.6M | 366.6M |
| Deferred Tax Liabilities | 26.9M | 38.2M | 43.8M | 39.7M | 49.4M |
| Other Non-Current Liabilities | - | - | 1.0K | 1.0K | -1.0K |
| Total Non-Current Liabilities | 4.6B | 3.2B | 2.6B | 1.2B | 449.0M |
| Total Liabilities | 17.4B | 15.1B | 11.7B | 6.3B | 5.7B |
| Equity | |||||
| Common Stock | 2.2B | 2.0B | 2.0B | 995.1M | 497.6M |
| Retained Earnings | - | 5.2B | 3.1B | 1.8B | 1.2B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 18.2B | 11.1B | 6.4B | 4.8B | 4.1B |
| Key Metrics | |||||
| Total Debt | 9.1B | 6.8B | 4.6B | 2.1B | 2.2B |
| Working Capital | 13.7B | 6.9B | 5.1B | 3.6B | 3.3B |
Balance Sheet Composition
Choice International Cash Flow Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 3.2B | 2.2B | 1.8B | 819.5M | 736.4M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 104.0M | 78.7M | 127.8M | 49.3M | 0 |
| Working Capital Changes | -6.5B | -5.4B | -3.5B | 327.7M | -984.5M |
| Operating Cash Flow | -2.4B | -2.5B | -1.2B | 1.4B | -226.8M |
| Investing Activities | |||||
| Capital Expenditures | -187.3M | -297.5M | -127.0M | -261.3M | -34.1M |
| Acquisitions | -1.2B | -274.5M | 91.1M | 0 | - |
| Investment Purchases | - | -305.8M | -111.5M | -5.0M | -174.9M |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -1.4B | -703.3M | -147.3M | -778.8M | -1.1B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | 0 | -143.3M |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | 2.1B | 2.2B | 2.5B | - | - |
| Debt Repayment | - | - | - | -133.3M | - |
| Financing Cash Flow | 6.9B | 5.2B | 2.6B | -202.4M | 1.7B |
| Free Cash Flow | -3.7B | -4.5B | -1.6B | 912.8M | -378.4M |
| Net Change in Cash | 3.1B | 2.0B | 1.3B | 434.5M | 386.1M |
Cash Flow Trend
Choice International Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
62.49
Forward P/E
46.65
Price to Book
8.29
Price to Sales
15.56
PEG Ratio
0.64
Profitability Ratios
Profit Margin
22.27%
Operating Margin
30.11%
Return on Equity
11.93%
Return on Assets
6.10%
Financial Health
Current Ratio
2.06
Debt to Equity
49.77
Beta
-0.47
Per Share Data
EPS (TTM)
₹11.22
Book Value per Share
₹84.54
Revenue per Share
₹49.03
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CHOICEIN | 156.3B | 62.49 | 8.29 | 11.93% | 22.27% | 49.77 |
| Motilal Oswal | 470.6B | 24.07 | 3.69 | 22.47% | 30.54% | 121.04 |
| Authum Investment | 426.1B | 11.72 | 2.62 | 28.87% | 110.11% | 20.29 |
| JM Financial | 132.7B | 10.45 | 1.24 | 8.03% | 35.62% | 104.10 |
| RRP Semiconductor | 131.3B | 2,001.72 | 1,403.88 | 50.07% | 38.06% | 155.68 |
| Indian Energy | 115.6B | 24.07 | 9.24 | 37.77% | 66.24% | 0.30 |
Financial data is updated regularly. All figures are in the company's reporting currency.




