CHOICE INTERNATIONAL LTD (CHOICEIN): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹749.55 latest close · −6.3% over the last 90 sessions

₹749.55 month-end · −7.1% over 12 months

₹749.55 month-end · +245.2% over 3 years

₹749.55 month-end · +854.8% since Apr '22

52-week range ₹568.70 to ₹860.50 · 1-year volatility 32.2%

Was the rally earned?

1 year3 years

-7%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 19 points, but investors now pay less per rupee of profit (P/E 94.2x to 71.8x), which took 26 points back.
The share count rose 15%.

Net profit growth+33 ptsNet profit rose about 40%, which lifts the price.

P/E change-26 ptsThe P/E fell from 94.2x to 71.8x, which lowers the price.

Share count change-13 ptsShare count rose 15%, which lowers the price.

+245%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 246 points, but investors now pay less per rupee of profit (P/E 71.9x to 71.8x), which took 0 points back.
The share count rose 21%.

Net profit growth+283 ptsNet profit rose about 318%, which lifts the price.

P/E change0 ptsThe P/E fell from 71.9x to 71.8x, which lowers the price.

Share count change-38 ptsShare count rose 21%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BSE

How rough has the ride been?

Maximum drawdown-31.3%not yet recovered

1-year volatility32.2%annualised

Beta vs sector index0.913-year daily, correlation 0.55

Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-31.3% (2026-01 peak to 2026-03 low, not yet recovered)

-18.8% (2022-11 peak to 2022-12 low, recovered 2023-04)

-17.4% (2024-12 peak to 2025-02 low, recovered 2025-04)

Most recent volume spikes

2026-07-09: 11.9x the 50-day median, price +8.0% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

71.8xP/E todayWithin its usual range

Against its own history55th percentile

CheapestMedian 69.7xDearest

Usual range 47.9x to 95.7x since 2022-04.

Against Finance71.8x vs 18.1x

This company

71.8x

Sector median

18.1x

296% above the Finance median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

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P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianFinance median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Finance is valued

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE80th▲ 3 pts vs a year ago
Op. margin55thflat vs a year ago
Revenue growth67th▲ 4 pts vs a year ago
EPS growth67th▼ 7 pts vs a year ago
Debt/equity ↓29th▲ 3 pts vs a year ago
Cash cycle ↓22nd▼ 3 pts vs a year ago
P/E ↓9thflat vs a year ago
12M momentum59th▼ 34 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~40%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 139.5x, a holder earning 12%/yr needs earnings to grow about 40.0%/yr for 10 years, then trade at 15x.

Delivered41.2%/yrEPS, last 9 fiscal years · 3-yr avg to 3-yr avg

Gap−1.2 ptsimplied minus delivered

Rank555thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	41.9%	43.1%	44.4%
15x	38.7%	40.0%	41.2%
20x	34.8%	36.0%	37.2%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 40.0%/yr

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹749.55
P/E: 71.8x
ROCE: 18.0%
Market Cap: ₹16706 cr
Revenue (TTM): ₹1194 cr
P/S: 14.0x
P/B: 10.0x
ROE: 13.9%
Operating Margin: 34.0%
Debt / Equity: 0.5x
Promoter Holding: 53.7%
12M Momentum: -7.1%

52-week range

₹568.70₹860.50

62% of the way from its 52-week low to its high

Price risk

1Y volatility

32.2%

Beta vs sector

1-year daily

1.02

Balance sheet & cash

Interest cover

operating profit ÷ interest

4.5x

Cash from profit, 3Y

operating cash flow ÷ net profit

-1.34x

low

Share count, 1Y

+11.5%

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold

Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-1.34xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1.34x (cash from operations ₹-714 cr, net profit ₹532 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+33 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 33 days (140 vs 107). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress8% of fixed assetsWithin range

Capital work-in-progress is 8% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, FIIs trimmed 5.3 pts; promoters trimmed 2.6 pts.
The number of shareholders rose from 7,234 to 25,427 (+251%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters56.3%53.7%-2.6 pts

FIIs15.4%10.1%-5.3 pts

DIIs0.0%0.3%+0.2 pts

Public and others28.3%36.0%+7.7 pts

Number of shareholders

25,427shareholders+251% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−15.7%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like CHOICE INTERNATIONAL LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −28% to +2% vs the market, against −4% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −11.5%, 80% range −19.1% to −9.2%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months

Similar setups' median

−15.7%

All companies' median

−4.2%

Beat the market

28% vs 46%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
RAINBOW Health Services	Mar 2025	60x	19%	+8%	−16%	−15%
METROBRAND Retail Trade	May 2025	80x	20%	+6%	−13%	−17%
VIJAYA Health Services	Oct 2024	82x	20%	+70%	−7%	−4%
ASTRAMICRO Electronic Technology	Jun 2025	64x	19%	+9%	−12%	+69%
SOLARINDS Process Industries	Oct 2021	81x	19%	+146%	−8%	+51%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
MEDANTA Health Services	Mar 2025	63x	20%	−9%	−18%	−18%
NEOGEN Process Industries	Apr 2023	88x	14%	+2%	−4%	−34%
NAVINFLUOR Process Industries	Jun 2023	60x	20%	+23%	−7%	−46%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, P/E and 12-month momentum. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to CHOICE INTERNATIONAL LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

VIJAYA DIAGNOSTIC CENTREVIJAYA

Health Services

81%similar

volatilitymarket cap

PRIVI SPECIALITY CHEMICALSPRIVISCL

Process Industries

64%similar

volatilitymarket cap

CHALET HOTELSCHALET

Consumer Services

63%similar

market capdebt/equity

JUPITER LIFE LINE HOSP.JLHL

Health Services

63%similar

revenueP/E

YATHARTH HOSPITAL TRAUMAYATHARTH

Health Services

59%similar

revenue growthrevenue

ANAND RATHI WEALTHANANDRATHI

Finance

51%similar

operating marginrevenue

PRUDENT CORPORATE ADVISORYPRUDENT

Finance

50%similar

promoter holdingrevenue

NUVAMA WEALTH MANAGEMENTNUVAMA

Finance

47%similar

ROCEpromoter holding

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

24 events since Jul '22

2026
JulPriceVolume reached 11.9x its 50-day median on 2026-07-09; price +8.0% that day.
JunPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
JunSharesShare count is up 11.5% over 12 months.
MarPromoterPromoter holding fell 3.0 pts to 53.7% (largest drop in the history since 2019-01).
MarPriceFell 31% from the Jan 2026 peak to the Mar 2026 low.
MarPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
2025
OctValuationP/E crossed above the 90th percentile of its own history to date (97.7x).
JunPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).

Show 16 earlier events

2025
MayValuationP/E crossed above the 90th percentile of its own history to date (97.6x).
AprPriceVolume reached 12.3x its 50-day median on 2025-04-23; price +7.8% that day.
MarPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
2024
DecPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).
SepPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
JunResultsRevenue (TTM) reached a new high of ₹751 cr.
JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
AprValuationP/E crossed above the 90th percentile of its own history to date (107.7x).
JanPriceVolume reached 6.2x its 50-day median on 2024-01-16; price -2.1% that day.
2023
JunResultsRevenue (TTM) reached a new high of ₹393 cr.
JunPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
AprSharesShare count is up 72.4% over 12 months.
AprPriceVolume reached 6.2x its 50-day median on 2023-04-05; price -2.8% that day.
MarPriceVolume reached 28.0x its 50-day median on 2023-03-20; price -0.2% that day.
2022
DecPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
JulPriceVolume reached 11.1x its 50-day median on 2022-07-11; price +0.0% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history56 months · 2022-04 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	71.8x	₹1194 cr	13.9%	18.0%	0.5x
2026-10	69.1x	₹1194 cr	13.9%	18.0%	0.5x
2026-09	69.6x	₹1194 cr	13.9%	18.0%	0.5x
2026-08	76.9x	₹1119 cr	13.2%	18.0%	0.5x
2026-07	81.1x	₹1119 cr	13.2%	18.0%	0.5x
2026-06	74.2x	₹1119 cr	13.2%	18.0%	0.5x
2026-05	67.0x	₹1065 cr	20.2%	20.0%	0.7x
2026-04	66.1x	₹1065 cr	20.2%	20.0%	0.7x
2026-03	60.8x	₹1065 cr	20.2%	20.0%	0.7x
2026-02	82.4x	₹971 cr	17.0%	20.0%	0.7x
2026-01	85.6x	₹971 cr	17.0%	20.0%	0.7x
2025-12	93.6x	₹971 cr	17.0%	20.0%	0.7x
2025-11	94.2x	₹944 cr	16.1%	20.0%	0.7x
2025-10	97.7x	₹944 cr	16.1%	20.0%	0.7x
2025-09	89.7x	₹944 cr	16.1%	20.0%	0.7x
2025-08	101.4x	₹910 cr	14.7%	20.0%	0.7x
2025-07	97.1x	₹910 cr	14.7%	20.0%	0.7x
2025-06	89.3x	₹910 cr	14.7%	20.0%	0.7x
2025-05	97.6x	₹872 cr	21.7%	25.0%	0.7x
2025-04	84.9x	₹872 cr	21.7%	25.0%	0.7x
2025-03	69.8x	₹872 cr	21.7%	25.0%	0.7x
2025-02	60.5x	₹870 cr	23.1%	25.0%	0.7x
2025-01	66.2x	₹870 cr	23.1%	25.0%	0.7x
2024-12	72.2x	₹870 cr	23.1%	25.0%	0.7x
2024-11	77.2x	₹814 cr	20.7%	25.0%	0.7x
2024-10	75.7x	₹814 cr	20.7%	25.0%	0.7x
2024-09	68.0x	₹814 cr	20.7%	25.0%	0.7x
2024-08	69.7x	₹751 cr	19.1%	25.0%	0.7x
2024-07	61.7x	₹751 cr	19.1%	25.0%	0.7x
2024-06	59.8x	₹751 cr	19.1%	25.0%	0.7x
2024-05	118.0x	₹393 cr	11.6%	16.0%	0.4x
2024-04	107.7x	₹393 cr	11.6%	16.0%	0.4x
2024-03	90.5x	₹393 cr	11.6%	16.0%	0.4x
2024-02	91.0x	₹393 cr	11.6%	16.0%	0.4x
2024-01	89.8x	₹393 cr	11.6%	16.0%	0.4x
2023-12	76.2x	₹393 cr	11.6%	16.0%	0.4x
2023-11	71.9x	₹393 cr	11.6%	16.0%	0.4x
2023-10	67.9x	₹393 cr	11.6%	16.0%	0.4x
2023-09	69.7x	₹393 cr	11.6%	16.0%	0.4x
2023-08	60.2x	₹393 cr	11.6%	16.0%	0.4x
2023-07	58.7x	₹393 cr	11.6%	16.0%	0.4x
2023-06	59.8x	₹393 cr	11.6%	16.0%	0.4x
2023-05	68.8x	₹285 cr	12.2%	17.0%	0.5x
2023-04	61.6x	₹285 cr	12.2%	17.0%	0.5x
2023-03	52.5x	₹285 cr	12.2%	17.0%	0.5x
2023-02	47.4x	₹285 cr	12.2%	17.0%	0.5x
2023-01	48.3x	₹285 cr	12.2%	17.0%	0.5x
2022-12	46.4x	₹285 cr	12.2%	17.0%	0.5x
2022-11	49.7x	₹285 cr	12.2%	17.0%	0.5x
2022-10	51.0x	₹285 cr	12.2%	17.0%	0.5x
2022-09	42.6x	₹285 cr	12.2%	17.0%	0.5x
2022-08	40.1x	₹285 cr	12.2%	17.0%	0.5x
2022-07	37.9x	₹285 cr	12.2%	17.0%	0.5x
2022-06	35.8x	₹285 cr	12.2%	17.0%	0.5x
2022-05	73.1x	₹176 cr	6.0%	10.0%	0.6x
2022-04	67.1x	₹176 cr	6.0%	10.0%	0.6x

Methodology and data notes