Choice International Limited (CHOICEIN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-278.6%

-₹1,341.64

vs ₹751.05 price

Levered DCF

-₹841.20

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	53.99×	62.33×	42.62×	46.58×	24.94×	70.38×	28.97×	81.86×
P/B	7.03×	9.87×	8.83×	5.89×	1.77×	2.46×	1.69×	2.16×
P/S	10.27×	11.15×	7.43×	7.22×	2.63×	3.91×	2.99×	3.4×
EV / EBITDA	36.1×	34.58×	26.27×	27.58×	10.08×	19.21×	12.31×	15.67×
Gross margin	88.7%	47.4%	57.8%	51.9%	56.3%	55.5%	44.9%	46.9%
Operating margin	27.6%	30.7%	28.5%	26.8%	28.5%	32.7%	24.0%	28.1%
Net margin	19.0%	17.9%	17.4%	15.4%	19.4%	10.1%	10.3%	5.6%
Current ratio	4.98×	1.58×	1.56×	1.71×	1.65×	1.55×	1.41×	1.16×
Debt / equity	0.54×	0.45×	0.72×	0.47×	0.54×	0.58×	0.67×	1×
Interest coverage	3.55×	4.46×	5.84×	5.22×	5.55×	3.83×	1.79×	1.73×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.0%	15.8%	20.7%	12.6%	13.1%	6.4%	5.8%	3.5%
Return on invested capital	6.7%	5.9%	13.7%	10.6%	8.9%	9.4%	5.4%	6.3%
Return on assets	6.1%	6.2%	7.2%	5.4%	5.5%	2.5%	2.5%	1.3%
Free cash flow yield	-3.1%	-2.5%	-2.3%	7.7%	-7.9%	-7.1%	6.6%	-8.9%
Earnings yield	1.9%	1.6%	2.3%	2.1%	7.4%	2.6%	3.5%	1.6%
Enterprise value	₹121.4B	₹101.2B	₹58.9B	₹29.4B	₹9.2B	₹7.7B	₹4.7B	₹5.1B
Net debt / EBITDA	1.16×	-0.09×	1.38×	1.27×	2.13×	3.02×	2.79×	4.66×
Cash conversion cycle (days)	298	382	212	185	1,596	1,540	-564	620