# Choice International (CHOICEIN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/choicein

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹746
- Change: -0.38%
- As of: 2026-11-06
- 1D return: -0.38%
- 5D return: +3.42%
- 1M return: +4.97%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

CHOICEIN (₹746.00) presents a conflicting technical picture as of November 6, 2026, characterized by short-term weakness within a longer-term bullish structure. On the daily chart, price action is trapped below the Supertrend indicator despite trading above all major moving averages (EMA 20/50, SMA 20/50/200). This divergence, combined with a weak ADX of 13.87, indicates a lack of directional conviction and suggests consolidation or a potential trend reversal rather than a strong uptrend. Recent anomalies, including an upward gap on October 28 and unusual volume on October 27, highlight past volatility, but the current Doji candlestick formation signals indecision.

In contrast, the monthly timeframe remains bullish, with price above the Supertrend and a stronger ADX of 31.82, suggesting the broader structural trend is still intact. The stock is positioned in the upper-middle of its 252-day range (+60.8%) and near the top of its 20-day range (+79.5%), leaving limited upside before resistance at ₹752.03 (pivot) and ₹761.97 (high). Downside risk is immediate at ₹738.92 (-0.95%). With annualized volatility at +30.8% and a current drawdown of -12.3%, the setup requires confirmation: a daily close above the Supertrend would signal renewed strength, while a break below ₹738.92 could invalidate the short-term support.

- Trend Divergence: Daily Supertrend is bearish (price below), contradicting the monthly bullish Supertrend; daily ADX is weak (13.87), indicating low momentum.
- Price Positioning: Trading at ₹746.00, near the top of the 20-day range (+79.5%) and upper-middle of the 252-day range (+60.8%).
- Key Levels: Immediate resistance at ₹752.03 (pivot, +0.81%) and ₹761.97 (high, +2.14%); immediate support at ₹738.92 (low, -0.95%).
- Volatility & Risk: High annualized volatility (+30.8%) and ATR of 2.86%; current drawdown is -12.3% from available highs.

- Doji
- Harami
- Inside Bar
- Bearish Engulfing Reversal

### News Context

Choice International reported its strongest-ever quarterly performance for the period ended September 30, 2026, with consolidated revenue rising 33% year-over-year to ₹379 crore and net profit after tax increasing 23% to ₹69.47 crore. To support further expansion of its margin trade financing book and institutional capabilities, the company received ₹900 crore from South Korea’s NH Investment & Securities. Concurrently, the Board recommended a 1:1 bonus share issue, which would double outstanding shares without altering market capitalization; this proposal requires shareholder approval and is expected to be credited within two months.

- Record Q2 FY2027 financials: Revenue grew 33% YoY to ₹379 crore, while net profit rose 23% to ₹69.47 crore.
- Strategic capital infusion: Received ₹900 crore from NH Investment & Securities earmarked for margin trade financing and institutional strengthening.
- Corporate action: Board proposed a 1:1 bonus issue subject to shareholder approval, with credits expected within two months.

- [Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issue-alert-choice-international-to-reward-shareholders-with-11-bonus-shares-check-details/articleshow/135491901.cms)
- [Choice International posts record quarter, stock holds gain as NH Investment Funds land](https://www.thehindubusinessline.com/markets/stock-markets/choice-international-posts-record-quarter-stock-holds-gain-as-nh-investment-funds-land/article71659899.ece)

### Official Filings

Choice International Limited’s Board, meeting on November 2, 2026, approved unaudited financial results for the half-year ended September 30, 2026, alongside significant capital restructuring and strategic acquisitions. The Board proposed a 1:1 bonus issue of equity shares (₹10 face value), subject to shareholder approval at an Extraordinary General Meeting. This proposal is accompanied by an increase in authorized share capital from ₹225 crore to ₹447.80 crore. Concurrently, the company acquired 100% control of Truestock Universe Private Limited and Quanthm Bit Works Private Limited to strengthen its technology capabilities; filings report both cash consideration and acquisition costs as ₹0. Additionally, a material subsidiary sold its investment in SKP Green Ventures Private Limited to Arrowbridge Trade Private Limited for ₹1,27,50,000/- in cash, confirmed as an arm's length transaction. Earnings call recordings were made available on November 3, 2026.

- Board-approved 1:1 bonus issue of fully paid equity shares (₹10 each), contingent on shareholder approval at an upcoming EGM.
- Increase in authorized share capital from ₹225 crore to ₹447.80 crore to support the proposed bonus issuance.
- Acquisition of 100% stakes in Truestock Universe Private Limited and Quanthm Bit Works Private Limited, with reported consideration and cost of ₹0.
- Sale of investment in SKP Green Ventures Private Limited by a material subsidiary to Arrowbridge Trade Private Limited for ₹1,27,50,000/-.

- [Newspaper Publication for the Un-audited (Standalone and Consolidated) Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHOICE_04112026144626_Upload_signed.pdf)
- [Acquisition of "M/s Truestock Universe Private Limited" and "M/s. Quanthm Bit Works Private Limited" by the Company and sale of Investment in "SKP Green Ventures Private Limited" by our Material Subsidiary. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CHOICE_04112026200002_upload.pdf)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200312817.xml)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200305339.xml)
- [Choice International Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary |SUBJECT: Sale or disposal-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200336247.xml)
- [Earnings Conference Call - Audio Recording for Q2 & H1 FY27 Results. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHOICE_03112026220856_upload.pdf)
- [Choice International Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261103_221254806.xml)
- [This is to inform that the Board of Directors of the Company at its meeting held on November 02, 2026 has considered and transacted the following buisness 1) Adoption of the Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 2) Increase in the Authorised Share Capital, subject to the approval of the shareholders of the Company 3) Approval of the Bonus issue in the ratio 1:1, subejct to the approval of the shareholder of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHOICE_02112026205843_upload.pdf)
- [Choice International Limited has informed the Exchange that the Board of Directors at its meeting held on November 02, 2026, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every 1 Equity Shares held. |SUBJECT: Bonus](https://nsearchives.nseindia.com/corporate/CHOICE_02112026212937_upload_bonus.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751539_02112026094124_WEB.xml)

### Fundamentals

Choice International is executing a high-growth expansion phase, evidenced by strong top-line momentum and rising profitability in Q2 FY2026-27. Revenue from operations increased sequentially to ₹373 crore, with Net Profit rising to ₹69.5 crore and Basic EPS reaching ₹3.12 per share. This quarterly acceleration complements robust long-term trends, including a 43% compounded sales growth over three years and a 53% profit CAGR. However, the company’s financial health shows signs of strain as it funds this growth through debt and external capital rather than internal cash generation. Operating cash flow has remained negative for three consecutive years (₹-267 crore in FY2026), while borrowings have surged from ₹679 crore in Mar 2025 to ₹1,213 crore by Sep 2026. Additionally, working capital efficiency has deteriorated significantly, with the Cash Conversion Cycle widening from 91 days in Mar 2024 to 140 days in Mar 2026. While assets grew to ₹4,143 crore by Sep 2026, supported by higher cash reserves of ₹320 crore, the reliance on financing activities to cover operating deficits and investing needs requires close monitoring.

- Q2 FY2026-27 revenue rose to ₹373 crore, driving Net Profit to ₹69.5 crore and EPS to ₹3.12, reflecting sequential operational improvement.
- Long-term growth remains strong with 43% 3-year sales CAGR and 53% profit CAGR, though TTM sales growth moderated to 33%.
- Cash conversion pressure is evident: CFO/EBITDA was -44% in FY2026, and the Cash Conversion Cycle worsened to 140 days in Mar 2026.
- Leverage is increasing rapidly; borrowings jumped to ₹1,213 crore by Sep 2026, while promoter holding diluted to 53.66%.

### Bull Case

Choice International has demonstrated a significant acceleration in operational momentum, reporting its strongest-ever quarterly performance for the period ended September 30, 2026. Consolidated revenue surged 33% year-over-year to ₹379 crore, while net profit after tax rose 23% to ₹69.47 crore. This growth is supported by strategic capital inflows; the company received ₹900 crore from South Korea’s NH Investment & Securities, earmarked primarily for expanding its margin trade financing book and strengthening institutional capabilities. Additionally, the Board recommended a 1:1 bonus share issue, subject to shareholder approval, which would double outstanding shares without altering market capitalization. While daily technical indicators remain bearish with the stock trading at ₹746.00 and showing a -12.3% current drawdown, the monthly trend remains bullish. The constructive case hinges on the successful deployment of foreign capital to drive further earnings expansion and the execution of corporate actions that enhance liquidity.

- Record quarterly results: Revenue grew 33% YoY to ₹379 crore and PAT increased 23% to ₹69.47 crore for Q2 FY2027 (ended Sept 30, 2026).
- Strategic capital infusion: Received ₹900 crore from NH Investment & Securities to expand margin trade financing and institutional capabilities.
- Shareholder-friendly corporate action: Board approved a 1:1 bonus issue, pending shareholder consent, expected to be credited within two months.
- Technical divergence: Monthly trend remains bullish despite daily bearish signals; stock trades at ₹746.00 with a -12.3% current drawdown.

- [Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issue-alert-choice-international-to-reward-shareholders-with-11-bonus-shares-check-details/articleshow/135491901.cms)
- [Choice International posts record quarter, stock holds gain as NH Investment Funds land](https://www.thehindubusinessline.com/markets/stock-markets/choice-international-posts-record-quarter-stock-holds-gain-as-nh-investment-funds-land/article71659899.ece)
- [Newspaper Publication for the Un-audited (Standalone and Consolidated) Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHOICE_04112026144626_Upload_signed.pdf)
- [Acquisition of "M/s Truestock Universe Private Limited" and "M/s. Quanthm Bit Works Private Limited" by the Company and sale of Investment in "SKP Green Ventures Private Limited" by our Material Subsidiary. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CHOICE_04112026200002_upload.pdf)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200312817.xml)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200305339.xml)
- [Choice International Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary |SUBJECT: Sale or disposal-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200336247.xml)
- [Earnings Conference Call - Audio Recording for Q2 & H1 FY27 Results. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHOICE_03112026220856_upload.pdf)
- [Choice International Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261103_221254806.xml)
- [This is to inform that the Board of Directors of the Company at its meeting held on November 02, 2026 has considered and transacted the following buisness 1) Adoption of the Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 2) Increase in the Authorised Share Capital, subject to the approval of the shareholders of the Company 3) Approval of the Bonus issue in the ratio 1:1, subejct to the approval of the shareholder of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHOICE_02112026205843_upload.pdf)

### Bear Case

Choice International faces near-term technical headwinds and significant historical volatility despite recent operational strength. On the daily chart, the stock is in a bearish trend with an ADX of 13.87, indicating weak momentum, while the price has retreated from recent highs to close at ₹746.00 on November 6, 2026. The stock is currently trading below its 50-day moving average slope (-5.36) and is under immediate resistance at ₹752.03, just 0.81% above current levels, suggesting limited upside room without a breakout.

Longer-term performance remains subdued, with the stock down 11.0% year-to-date and -6.6% over the past year. The asset exhibits high risk, evidenced by an annualized volatility of +30.8% and a maximum drawdown of -31.3%. Although the monthly trend is bullish, the weekly trend is bearish (Supertrend: bearish, ADX: 17.89), highlighting a conflict between short-term selling pressure and medium-term positioning. Investors should monitor whether the stock can sustainably hold above the ₹738.92 support level or if the bearish weekly structure leads to further erosion toward ₹728.98.

- Daily technicals are bearish (Supertrend: bearish, ADX: 13.87) with price at ₹746.00 facing immediate resistance at ₹752.03 (+0.81%).
- Stock is down 11.0% YTD and -6.6% over the last year, contrasting with a strong quarterly revenue growth of 33% YoY.
- High volatility profile persists with annualized volatility at +30.8% and a maximum historical drawdown of -31.3%.
- Weekly trend is bearish (SMA 50 slope: -8.11) while monthly trend remains bullish, creating conflicting time-frame signals.

- [Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issue-alert-choice-international-to-reward-shareholders-with-11-bonus-shares-check-details/articleshow/135491901.cms)
- [Choice International posts record quarter, stock holds gain as NH Investment Funds land](https://www.thehindubusinessline.com/markets/stock-markets/choice-international-posts-record-quarter-stock-holds-gain-as-nh-investment-funds-land/article71659899.ece)
- [Newspaper Publication for the Un-audited (Standalone and Consolidated) Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHOICE_04112026144626_Upload_signed.pdf)
- [Acquisition of "M/s Truestock Universe Private Limited" and "M/s. Quanthm Bit Works Private Limited" by the Company and sale of Investment in "SKP Green Ventures Private Limited" by our Material Subsidiary. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CHOICE_04112026200002_upload.pdf)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200312817.xml)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200305339.xml)
- [Choice International Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary |SUBJECT: Sale or disposal-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200336247.xml)
- [Earnings Conference Call - Audio Recording for Q2 & H1 FY27 Results. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHOICE_03112026220856_upload.pdf)
- [Choice International Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261103_221254806.xml)
- [This is to inform that the Board of Directors of the Company at its meeting held on November 02, 2026 has considered and transacted the following buisness 1) Adoption of the Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 2) Increase in the Authorised Share Capital, subject to the approval of the shareholders of the Company 3) Approval of the Bonus issue in the ratio 1:1, subejct to the approval of the shareholder of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHOICE_02112026205843_upload.pdf)

### FAQs

**What are the key financial results and corporate actions announced by Choice International?**

For the quarter ended September 30, 2026, Choice International reported record consolidated revenue of ₹379 crore (up 33% year-over-year) and net profit after tax of ₹69.47 crore (up 23%). The Board approved a 1:1 bonus share issue, subject to shareholder approval, which will double outstanding shares without altering market capitalization. Additionally, the company received ₹900 crore from South Korea’s NH Investment & Securities to expand its margin trade financing book.

**How has Choice International adjusted its technology and investment portfolio recently?**

On November 4, 2026, the company acquired 100% control of Truestock Universe Private Limited and Quanthm Bit Works Private Limited to strengthen digital and technology capabilities. Simultaneously, it agreed to sell an investment in SKP Green Ventures Private Limited to Arrowbridge Trade Private Limited for cash consideration of ₹1,27,50,000/-. These moves aim to enhance technological infrastructure while divesting specific investments.

**What is the current technical outlook and price performance for CHOICEIN?**

As of November 6, 2026, the stock closed at ₹746.0 with a market capitalization of approximately ₹1,668.26 crore. Short-term trends are bearish, with the daily Supertrend indicating a downward direction and the stock trading below its 20-day moving average. However, the monthly trend remains bullish. The stock has gained +8.6% over the last 10 days but is down -11.0% year-to-date and -6.6% over the past year.

- [Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issue-alert-choice-international-to-reward-shareholders-with-11-bonus-shares-check-details/articleshow/135491901.cms)
- [Choice International posts record quarter, stock holds gain as NH Investment Funds land](https://www.thehindubusinessline.com/markets/stock-markets/choice-international-posts-record-quarter-stock-holds-gain-as-nh-investment-funds-land/article71659899.ece)
- [Newspaper Publication for the Un-audited (Standalone and Consolidated) Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHOICE_04112026144626_Upload_signed.pdf)
- [Acquisition of "M/s Truestock Universe Private Limited" and "M/s. Quanthm Bit Works Private Limited" by the Company and sale of Investment in "SKP Green Ventures Private Limited" by our Material Subsidiary. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CHOICE_04112026200002_upload.pdf)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200312817.xml)
- [Choice International Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200305339.xml)
- [Choice International Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary |SUBJECT: Sale or disposal-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200336247.xml)
- [Earnings Conference Call - Audio Recording for Q2 & H1 FY27 Results. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHOICE_03112026220856_upload.pdf)
- [Choice International Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261103_221254806.xml)
- [This is to inform that the Board of Directors of the Company at its meeting held on November 02, 2026 has considered and transacted the following buisness 1) Adoption of the Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 2) Increase in the Authorised Share Capital, subject to the approval of the shareholders of the Company 3) Approval of the Bonus issue in the ratio 1:1, subejct to the approval of the shareholder of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHOICE_02112026205843_upload.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹752.03
- Risk regime: Price Risk Currently Contained

### Support levels
- 705.5544921875
- 676.35
- 604.8125

### Resistance levels
- 779.603125
- 819.1
- 848.034375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.38% |
| return_10 | +8.64% |
| return_1m | +2.59% |
| return_1y | -6.62% |
| return_20 | +4.97% |
| return_3m | -10.47% |
| return_5 | +3.42% |
| return_6m | +8.87% |
| return_since_start | +34.46% |
| return_ytd | -11.00% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -31.32% |
| annualized_volatility | +30.82% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Choice International Limited FY2026-27 Q2: Revenue grows 36% YoY

Choice International’s consolidated revenue from operations rose 35.9% year on year to ₹372.87 crore in Q2 FY2026-27, while profit for the period increased 23.0% to ₹69.47 crore. Sequentially, revenue grew 20.4% and profit rose 14.6%; expenses increased 19.3%, while higher tax expense also tempered the growth in after-tax profit. At 30 September 2026, total assets and current liabilities were higher than at 31 March 2026.

## Revenue and profit growth

Revenue from operations was ₹372.87 crore, compared with ₹309.79 crore in Q1 FY2026-27 and ₹274.43 crore in Q2 FY2025-26. Total income reached ₹379.02 crore, up 18.8% sequentially and 33.4% year on year.

Expenses rose 19.3% sequentially to ₹285.21 crore from ₹239.10 crore in Q1 FY2026-27, slightly slower than the sequential increase in revenue. Profit before tax grew 17.4% to ₹93.81 crore, and profit for the period increased 14.6% to ₹69.47 crore. Tax expense rose 26.1% sequentially to ₹24.35 crore. Basic earnings per share were ₹3.12, versus ₹2.72 in Q1 FY2026-27 and ₹2.75 in Q2 FY2025-26.

Finance costs increased 10.7% sequentially to ₹30.64 crore from ₹27.68 crore in Q1 FY2026-27.

## Balance sheet

At 30 September 2026, total assets stood at ₹4,142.78 crore, compared with ₹3,565.99 crore at 31 March 2026 and ₹2,851.94 crore at 30 September 2025. Equity was ₹1,965.47 crore, up from ₹1,823.75 crore at 31 March 2026 and ₹1,371.60 crore a year earlier. Total liabilities were ₹2,177.31 crore.

Cash and cash equivalents were ₹320.49 crore, compared with ₹194.45 crore at 31 March 2026. Current trade receivables rose to ₹519.89 crore from ₹436.68 crore at that date. Current liabilities increased to ₹2,039.72 crore from ₹1,285.43 crore, while noncurrent liabilities fell to ₹137.59 crore from ₹456.80 crore. Noncurrent assets were ₹1,512.83 crore, including property, plant and equipment of ₹152.20 crore.

## Key Takeaway

The quarter combined strong year-on-year growth in revenue and profit with sequential expense growth that remained below revenue growth. The larger balance sheet included notably higher current liabilities and receivables at 30 September 2026 than at 31 March 2026.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +53.65%
- FII holding: +10.10%
- DII holding: +0.28%
- Mutual fund holding: +0.25%
- Retail holding: +3.25%
- Promoter pledged: +0.00%

### Major reported shareholders

- Vinita Sunil Patodia — +11.13%
- Plutus Wealth Management Llp — +8.66%
- Arunkumar Poddar — +7.27%
- Madhusudan Murlidhar Kela . — +7.21%
- Kamal Poddar — +7.18%
- Genesis Grand General Trading L.L.C — +5.72%
- Suyash Sunil Patodia — +4.13%
- Patodia Properties Private Limited — +3.80% (Bodies Corporate)
- Hemlata Kamal Poddar — +3.59%
- Sonu Poddar — +3.59%

## Official filings

- 2026-11-06 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261106_173626946.xml)
- 2026-11-06 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_06112026174249_upload.pdf)
- 2026-11-04 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_04112026144626_Upload_signed.pdf)
- 2026-11-04 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_04112026200002_upload.pdf)
- 2026-11-04 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200312817.xml)
- 2026-11-04 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200305339.xml)
- 2026-11-04 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20116_WebXMLFile_20261104_200336247.xml)
- 2026-11-03 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_03112026220856_upload.pdf)
- 2026-11-03 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261103_221254806.xml)
- 2026-11-02 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_02112026205843_upload.pdf)
- 2026-11-02 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_02112026212937_upload_bonus.pdf)
- 2026-11-02 — Financial Results Filing: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751539_02112026094124_WEB.xml)
- 2026-11-02 — Financial Results Filing: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751537_02112026093924_WEB.xml)
- 2026-11-02 — Earnings Presentation: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_02112026214000_upload_Investor_pre.pdf)
- 2026-11-02 — Press Release: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_02112026214415_upload_PRESS.pdf)
- 2026-11-02 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_20116_WebXMLFile_20261102_214909701.xml)
- 2026-10-29 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_29102026200947_Upload.pdf)
- 2026-10-29 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20116_WebXMLFile_20261029_201948914.xml)
- 2026-10-27 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_27102026171445_Intimation_CCPS_Allotment_signed_upload.pdf)
- 2026-10-27 — Press Release: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_27102026171703_Intimation_CCPS_Allotment_-_Press_release_Signed_upload.pdf)
- 2026-10-27 — Generic Announcement: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20116_WebXMLFile_20261027_211415598.xml)
- 2026-10-27 — Board Meeting Notice: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20116_WebXMLFile_20261027_211415598.xml)
- 2026-10-27 — Board Meeting Notice: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_27102026213241_Signed_and_OCR.pdf)
- 2026-10-27 — Board Meeting Notice: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOICE_27102026213546_Signed_and_OCR.pdf)
- 2026-10-21 — Shareholding Disclosure: Choice International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743468_21102026071752_WEB.xml)

## News and market events

- 2026-11-03 — Economic Times: **Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details** — Choice International has approved a 1:1 bonus issue, its first such corporate action in two years, which will double outstanding shares without altering market capitalisation. This move coincides with the company reporting its strongest-ever quarterly performance, featuring a 33% year-over-year revenue increase to Rs 379 crore and an 18% rise in net profit. The proposal to increase authorised share capital is subject to shareholder approval, with bonus shares expected to be credited within two months. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issue-alert-choice-international-to-reward-shareholders-with-11-bonus-shares-check-details/articleshow/135491901.cms)
- 2026-11-03 — The Hindu: **Choice International posts record quarter, stock holds gain as NH Investment Funds land** — Choice International reported a record quarterly performance with consolidated revenue rising 33% to ₹379 crore and net profit after tax increasing 23% to ₹69.47 crore for the quarter ended September 30, 2026. The Mumbai-based financial services group also received ₹900 crore from South Korea’s NH Investment & Securities, which is earmarked primarily for expanding its margin trade financing book and strengthening institutional capabilities. Additionally, the Board recommended a 1:1 bonus share issue pending shareholder approval as the company expanded its demat account base and investment bank — [Source](https://www.thehindubusinessline.com/markets/stock-markets/choice-international-posts-record-quarter-stock-holds-gain-as-nh-investment-funds-land/article71659899.ece)
- 2026-09-25 — Economic Times: **$500 billion flywheel! Macquarie lists 3 drivers for strong growth in capital market stocks, lists top picks** — Macquarie projects a robust growth trajectory for India's capital market sector between fiscal years 2026 to 2030. This optimistic outlook hinges on a notable redirection of household savings towards market-based financial products. Key growth drivers identified are financialisation, equitisation, and productisation, which together enhance investment opportunities. Consequently, brokers and exchanges are likely to see substantial advantages from an expanding investor demographic. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/500-billion-flywheel-macquarie-lists-3-drivers-for-strong-growth-in-capital-market-stocks-lists-top-picks/articleshow/134480879.cms)
- 2026-09-23 — The Hindu: **Choice Equity Broking Launches Trader Mode on Choice FinX, Bringing Advanced Execution Tools to Active Traders** — Choice Equity Broking Launches Trader Mode on Choice FinX, Bringing Advanced Execution Tools to Active Traders — [Source](https://www.thehindu.com/brandhub/pr-release/choice-equity-broking-launches-trader-mode-on-choice-finx-bringing-advanced-execution-tools-to-active-traders/article71498960.ece)
- 2026-09-18 — MONEYCONTROL: **EPF wage ceiling hike: EDLI contribution rises to Rs 125, but maximum cover may stay at Rs 7 lakh. Here's why** — EDLI wage ceiling, EDLI benefits, EPF wage ceiling 2026, EPF ceiling Rs 25000, EDLI insurance cover, EDLI contribution, EPF contribution increase, EDLI Rs 7 lakh cap, Employees Deposit Linked Insurance, EPFO wage ceiling — [Source](https://www.moneycontrol.com/news/business/personal-finance/epf-wage-ceiling-hike-edli-contribution-rises-to-rs-125-but-maximum-cover-may-stay-at-rs-7-lakh-here-s-why-14032723.html)
- 2026-09-15 — Economic Times: **BSE, Groww, other broking stocks in focus as SEBI proposes changes to CAS. What does it mean for investors?** — BSE, Groww, Angel One and Motilal Oswal are in focus after Sebi proposed changes to the Closing Auction Session and expiry-day settlement methodology. Jefferies remains bearish on BSE but sees Groww as a better play on Indias equity market. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bse-groww-other-broking-stocks-in-focus-as-sebi-proposes-changes-to-cas-what-does-it-mean-for-investors/articleshow/134251262.cms)
- 2026-08-13 — Economic Times: **Groww leads India's top brokerages in July with over 70,000 new active accounts** — Groww strengthened its brokerage lead in July, adding over seventy thousand active accounts. This growth contrasts with a general industry slowdown in user additions this year. Zerodha, the second-largest broker, continued to lose active accounts, shrinking its user base. Angel One and Upstox Securities also experienced declines in their active client numbers. HDFC Securities similarly shed active accounts during the month and year. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/groww-leads-indias-top-brokerages-in-july-with-over-70000-new-active-accounts/articleshow/133195517.cms)
- 2026-08-11 — The Hindu: **Q1 Results Today Live:  Siemens, Zydus Lifesciences, MRF, RVNL, PI Industries, Manappuram Finance, NBCC, Kalpataru, Swan Defence, Bata, Gujarat Energy, KPI Green to announce Q1 results, Vi, Bosch, Zee, Bharat Forge, Hindustan Copper, Info Edge in focus** — Q1 Results Today, 11th August 2026 Live Updates:  Follow Q1FY27 live updates from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-siemens-zydus-lifescience-mrf-rvnl-pi-industries-manappuram-finance-nbcc-kalpataru-swan-defence-bata-gujarat-energy-kpi-green-vi-bosch-zee-results-11-august-2026/article71327946.ece)
- 2026-07-28 — Economic Times: **Broker earnings stay under pressure in Q1 as derivatives trading slows** — Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slowed, and gold and silver rallies reversed. Motilal Oswal Financial Services revenue surged eighty-eight percent during this period. Angel One and Anand Rathi Share & Stock Brokers reported profit declines. Investor participation remained healthy, but trading volumes were volatile. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/broker-earnings-stay-under-pressure-in-q1-as-derivatives-trading-slows/articleshow/132672967.cms)
- 2026-07-21 — The Hindu: **Aditya Birla Sun Life AMC Q1 profit rises 12% to ₹309.5 crore** — Higher employee costs lifted expenses by 14 per cent, even as revenue rose 3 per cent to ₹463 crore — [Source](https://www.thehindubusinessline.com/markets/aditya-birla-sun-life-amc-q1-profit-rises-12-to-3095-crore/article71248920.ece)
- 2026-07-21 — The Hindu: **Sensex today | Stock Market Live: Sensex drops 250 pts, Nifty below 24,200; HDFC Bank lead losers** — Sensex, Nifty, Share Prices LIVE: At 11.03 am, Sensex traded 212.51 pts or 0.27% lower at 77,496.01; and Nifty 50 dipped 46.05 pts or 0.19% to 24,192.45. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-21st-may-2026/article71245381.ece)

## Business profile

**Strategic vision:** Financial services conglomerate offering investment and advisory services.

### Business segments
- **Investment Banking:** Provides investment banking services as part of its comprehensive financial offerings.
- **Securities Dealing:** Engages in the dealing of securities, offering diverse investment and trading options.
- **Investment Advice:** Offers investment advice across various financial products and services.
- **Financial Products:** Provides a range of financial products including loans and insurance.
- **Advisory Services:** Delivers a suite of advisory services including management consultancy, wealth management, and tax advisory.
- **Institutional Broking:** Offers institutional broking as a core component of its financial services portfolio.

### Competitive strengths
- Full-service stockbroker with a comprehensive range of financial and advisory services.

## Related stocks

- [Aadhar Housing Finance Limited (Financial Services)](https://faxioms.com/stocks/aadharhfc) — -1.72%
- [Aavas Financiers Limited (Financial Services)](https://faxioms.com/stocks/aavas) — +0.08%
- [Aditya Birla Sun Life AMC Limited (Financial Services)](https://faxioms.com/stocks/abslamc) — -1.67%
- [Angel One Limited (Financial Services)](https://faxioms.com/stocks/angelone) — +1.49%
- [Aptus Value Housing Finance India Limited (Financial Services)](https://faxioms.com/stocks/aptus) — -2.68%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/choicein
Markdown representation: https://faxioms.com/stocks/choicein?render=md