CHOICEIN
Choice International share price & financials
- Price
- ₹808.8
- Market cap
- ₹17.0k Cr
- Sector
- Financial Services
- Calls analysed
- 5
Choice Intl. Q4 FY26
What went well
- Consolidated Revenue for FY26 grew 24% YoY to Rs. 1,145 Cr, demonstrating strong top-line performance.
- Consolidated PAT for FY26 surged 46% YoY to Rs. 238 Cr, indicating significant profitability improvement.
- Q4 FY26 PAT increased 27% YoY to Rs. 68 Cr, reflecting continued strong quarterly earnings.
What to watch
- Overall wealth product AUM declined 23%, primarily driven by redemptions in debt mutual funds, despite a 35% growth in equity MF AUM.
- The NBFC segment reported GNPA of 2.74% and NNPA of 1.86%, with an analyst noting a slight increase, though management stated normalization in Q4 FY26.
What Choice International Limited does
Choice International is a diversified, tech-enabled financial services conglomerate operating through three reporting segments: Broking & Distribution (stock broking, wealth-product distribution and insurance broking, delivered via the Choice FinX app), Advisory (government infrastructure consulting, government advisory and investment banking/IPO mandates), and NBFC lending (secured MSME, micro-LAP and rooftop-solar financing through subsidiary Choice Finserv). It earns through brokerage and distribution commissions, consulting/advisory fees on government and infrastructure mandates, and interest income on its NBFC loan book. The group reaches clients through a nationwide branch and franchisee/business-associate network extending into Tier II/III and rural India, and is expanding into asset management with subsidiary Choice AMC awaiting SEBI approval to launch Choice Mutual Fund.
Segments
- Broking & Distribution
- Advisory
- NBFC (Lending)
- Branch offices
- 217
- Business associate / franchisee network
- 67,000+
- Demat accounts
- 1.26 Million+ (1,263K)
- Active trading accounts
- 255,000+
- Group-wide client base
- 1.5 Million+
- In-house tech experts
- 248
Guidance record · Q4 FY26
what the last two calls moved 9 tracked 3 delivered 2 missed 4 open- Consolidated Revenue Growth delivered, diluted said Q1 FY26 Promised: 25% to 30% for the next 3-4 years Q4 FY26: FY26 revenue grew 24% YoY, meeting the revised guidance but missing the original. A new, more aggressive guidance of 'around 30%' was issued for the future.
- Branch Network Expansion went quiet said Q4 FY25 Promised: Add 100 new branches in FY26 Q4 FY26: No final number for FY26 branch additions was provided to confirm completion of the target.
- AMC Business Break-even on track said Q2 FY26 Promised: Break-even in two to three years Q4 FY26: No update on break-even timeline, but new funds launched and AUM target set for FY27.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 31.9%, net profit up 27.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 247 | 209 | 253 | 235 | 274 +11% | 303 +45% | 307 +21% | 310 +32% |
| EBITDA | 76 | 60 | 96 | 83 | 89 +17% | 112 +87% | 116 +21% | 105 +27% |
| Net profit | 46 | 31 | 54 | 48 | 56 +22% | 66 +113% | 68 +26% | 61 +27% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −3.4% 1Y
1Y: ₹786.65 on 10 Sept 2025 → ₹759.8. High ₹850.3 (2 Jan 2026), low ₹583.95 (23 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −2.3%
- 24 Apr
- Q3 FY26
- +0.1%
- 4 Feb
- Q2 FY26
- −0.4%
- 17 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 42.5% a year over 3 years, FY23 to FY26. Operating margin widened to 35.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹387 Cr | ₹751 Cr | ₹910 Cr | ₹1.1k Cr |
| Operating profit | ₹101 Cr | ₹219 Cr | ₹285 Cr | ₹400 Cr |
| Operating margin | 26.1% | 29.2% | 31.3% | 35.7% |
| Interest | ₹23 Cr | ₹40 Cr | ₹66 Cr | ₹89 Cr |
| Depreciation | ₹4 Cr | ₹7 Cr | ₹9 Cr | ₹20 Cr |
| Net profit | ₹60 Cr | ₹130 Cr | ₹163 Cr | ₹238 Cr |
| Net margin | 15.5% | 17.3% | 17.9% | 21.3% |
| ROCE | 16.0% | 25.0% | 20.0% | 18.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹29 Cr | ₹50 Cr | ₹100 Cr | ₹199 Cr | ₹206 Cr | ₹223 Cr |
| Reserves | ₹234 Cr | ₹360 Cr | ₹378 Cr | ₹432 Cr | ₹1.0k Cr | ₹1.4k Cr |
| Borrowings | ₹151 Cr | ₹219 Cr | ₹206 Cr | ₹455 Cr | ₹488 Cr | ₹908 Cr |
| Other liabilities | ₹240 Cr | ₹347 Cr | ₹424 Cr | ₹718 Cr | ₹1.1k Cr | ₹987 Cr |
| Total liabilities | ₹655 Cr | ₹976 Cr | ₹1.1k Cr | ₹1.8k Cr | ₹2.9k Cr | ₹3.6k Cr |
| Fixed assets | ₹86 Cr | ₹88 Cr | ₹126 Cr | ₹134 Cr | ₹276 Cr | ₹393 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹7 Cr | ₹3 Cr | ₹10 Cr |
| Investments | ₹7 Cr | ₹11 Cr | ₹11 Cr | ₹23 Cr | ₹119 Cr | ₹178 Cr |
| Other assets | ₹562 Cr | ₹877 Cr | ₹965 Cr | ₹1.6k Cr | ₹2.5k Cr | ₹3.0k Cr |
| Total assets | ₹655 Cr | ₹976 Cr | ₹1.1k Cr | ₹1.8k Cr | ₹2.9k Cr | ₹3.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +6.58 pp while FIIs trimmed −3.87 pp.
- Promoters
- 53.7%
- FIIs
- 10.1%
- DIIs
- 0.3%
- Public
- 36.0%
Since Jun 2025
- Public +6.58 pp
- FIIs −3.87 pp
- Promoters −2.78 pp
How it drifted, 12 quarters
Over this window the public went from 28.3% to 36.0% — +7.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 56.3%, FIIs 15.4%, DIIs 0.0%, Public 28.3%.Dec '23: Promoters 58.0%, FIIs 13.6%, DIIs 0.1%, Public 28.4%.Mar '24: Promoters 58.2%, FIIs 12.4%, DIIs 0.1%, Public 29.3%.Jun '24: Promoters 58.2%, FIIs 12.2%, DIIs 0.1%, Public 29.5%.Sep '24: Promoters 58.2%, FIIs 12.7%, DIIs 0.1%, Public 29.0%.Dec '24: Promoters 58.2%, FIIs 13.7%, DIIs 0.2%, Public 27.9%.Mar '25: Promoters 58.1%, FIIs 13.6%, DIIs 0.2%, Public 28.1%.Jun '25: Promoters 56.4%, FIIs 14.0%, DIIs 0.2%, Public 29.4%.Sep '25: Promoters 56.6%, FIIs 13.0%, DIIs 0.3%, Public 30.1%.Dec '25: Promoters 53.7%, FIIs 12.2%, DIIs 0.3%, Public 33.9%.Mar '26: Promoters 53.7%, FIIs 11.4%, DIIs 0.3%, Public 34.6%.Jun '26: Promoters 53.7%, FIIs 10.1%, DIIs 0.3%, Public 36.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shreya Patodia Desarda newly disclosed 0.22% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Choice International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vinita Sunil Patodia | 11.13% | unchanged |
| Plutus Wealth Management LLP | 8.66% | unchanged |
| Arunkumar Poddar | 7.27% | unchanged |
| Madhusudan Murlidhar Kela . | 7.21% | unchanged |
| Kamal Poddar | 7.18% | unchanged |
| Genesis Grand General Trading L.L.C Corporate | 5.72% | −0.31 pp |
| Suyash Sunil Patodia | 4.13% | unchanged |
| Patodia Properties Private Limited | 3.80% | unchanged |
| Hemlata Kamal Poddar | 3.59% | unchanged |
| Sonu Poddar | 3.59% | unchanged |
| Archana Anil Patodia | 2.83% | unchanged |
| Shreeyam Trade Dynamics Private Limited | 2.49% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in CHOICEIN
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.02 L shares (+1.1%).
- Held by funds
- ₹17 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹11 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹11 Cr | +0.02 L | Sep '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹5 Cr | +0.01 L | Oct '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Oct '25 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +2,436 shares (+1.1%)
- Funds are sitting on
- +4%
- vs est. average cost
- Held by funds
- ₹17 Cr
- 5 schemes · ≈ 0.11% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹11 Cr · 0.3% of that fund
Shares held by these funds +94%
Sep '25 2.19 L shares Jul '26
All earnings calls (5)
Read the Q4 FY26 call →Learn to analyse Choice International Limited
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