Operates as a holding company for a financial services group generating Rs. 1,119.13 crore in FY26 revenue, with Broking & Distribution Services the largest segment at Rs. 639.64 crore (54% of segment revenue) and EBIT of Rs. 177.55 crore. Advisory Services contributes Rs. 329.92 crore (27.9%) and Rs. 120.15 crore EBIT, covering investment banking with 34 ongoing IPO mandates and tentative fund raising of Rs. 75.5 billion. NBFC Services adds Rs. 164.26 crore (13.9%), with an NBFC loan book of Rs. 8 billion and net interest margin of 12.25%. Operating scale includes 12.63 lakh demat accounts, client assets of Rs. 52,482 crore, equity mutual fund AUM of Rs. 2,311 crore and wealth AUM of Rs. 42.7 billion. The material subsidiary Choice Equity Broking accounts for 51% of group turnover and is raising about Rs. 900 crore from South Korea's NH Investment & Securities via CCPS issuance. Subsidiaries also secured government consultancy mandates worth Rs. 191.38 crore covering e-governance, railway infrastructure and project management. Employee cost is the largest expense at 29.1% of revenue, followed by other operating expenses at 35.1%, with minimal capex of 1.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Broking & Distribution Services (54%), Advisory Services (28%), NBFC Services (14%), Unallocable (4%). Asset-light, people-driven financial services holding company spanning broking, advisory and lending
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 272 | 385 | 751 | 910 | 1,119 |
| EBITDA (ex other income) | 78 | 99 | 219 | 285 | 400 |
| margin % | 28.8 | 25.6 | 29.2 | 31.3 | 35.7 |
| Owners' profit | 54 | 0 | 131 | 157 | 218 |
| EPS, as reported (₹) | 13.84 | 6.04 | 6.57 | 8.16 | 11.30 |
| ROE % · ROCE % | 13.0 · 19.4 | 12.5 · 17.3 | 20.4 · 24.6 | 14.7 · 20.2 | 13.0 · 17.8 |
| Debt / equity (x) | 0.53 | 0.43 | 0.71 | 0.42 | 0.48 |
| Cash from operations | (34) | 263 | (148) | (294) | (267) |
| Capex | (3) | (26) | (13) | (28) | (16) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 247 | 209 | 253 | 234 | 274 | 303 | 307 | 310 |
| Profit before tax | 61 | 43 | 74 | 63 | 74 | 92 | 87 | 80 |
| Net profit | 46 | 31 | 54 | 48 | 56 | 66 | 68 | 61 |
| EPS (₹) | 2.33 | 1.54 | 2.68 | 2.38 | 2.75 | 3.09 | 3.05 | 2.72 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Broking & Distribution Services | 179 | 15.1 |
| Advisory Services | 330 | 27.9 |
| NBFC Services | 164 | 13.9 |
| Unallocable | 50 | 4.2 |
| Broking Services | 460 | 38.9 |
| Total, before eliminations | 1,184 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINSERV LTD. |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Choice International to meet analysts and investors on Sept 11 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Notice of 33rd AGM on September 26, 2026; e-voting from September 23 to 25 | compliance | minimal | — | — |
| 5 Sept 2026 · Promoter Arun Kumar Poddar releases 6 lakh pledged shares in Choice International | ownership changes | medium | — | — |
| 4 Sept 2026 · 33rd AGM on Sept 26, 2026 - Annual Report link shared | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Annual Report FY25-26 filed; 33rd AGM on Sept 26 2026 | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Choice International 33rd AGM on Sep 26, FY26 revenue up 24% PAT up 46% | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Choice International FY26 Annual Report: Revenue up 24%, PAT jumps 46% | results | high | — | — |
| 20 Aug 2026 · Choice International completes 100% acquisition of Choice Proptech Solutions | strategic transactions | medium | — | — |
| 17 Aug 2026 · Q1 FY27 earnings call transcript filed with BSE and NSE | investor communications | medium | — | — |
| 12 Aug 2026 · Choice International publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 3,05,941 |
| 30.1 |
| 2.17 |
| 5.4 |
| 14.0 |
| — |
| 20.0 |
| 40.8 |
| BAJAJ HOLDINGS & INVS LTD | 1,23,904 | 14.0 | 1.50 | 49.9 | 11.9 | — | 21.8 | 92.9 |
| CHOICE INTERNATIONAL LTD ◆ | 16,876 | 65.3 | 9.25 | 41.3 | 13.0 | 13.9 | 46.0 | 36.8 |
| EDELWEISS FIN SERV LTD | 12,586 | 17.6 | 2.12 | 2.9 | 11.4 | — | 2.2 | 29.3 |
| JM FINANCIAL LIMITED | 11,961 | 11.5 | 1.05 | 4.3 | 10.6 | — | 5.1 | 60.3 |
| RANE HOLDINGS LIMITED | 2,413 | 28.6 | 1.69 | 6.8 | 9.6 | 11.7 | 23.7 | 7.5 |
| BF INVESTMENT LIMITED | 1,691 | 4.3 | 0.20 | 24.3 | 3.3 | — | 36.0 | 90.4 |
| BALMER LAWRIE INVSTS. L | 1,523 | 11.8 | 0.68 | 3.6 | 12.4 | — | 12.2 | 18.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 65.3 | 12.9 | 14 of 14 | 0% |
| P/B | 9.3 | 1.3 | 14 of 14 | 0% |
| ROCE | 13.9 | 10.7 | 3 of 9 | 75% |
| ROE | 13.0 | 9.6 | 3 of 15 | 86% |
| Debt / Equity | 0.5 | 0.0 | 12 of 15 | 21% |
| EBITDA margin | 36.8 | 29.6 | 5 of 14 | 69% |
| Revenue growth | 32.5 | 18.6 | 4 of 15 | 79% |
| Profit growth | 26.4 | 18.1 | 7 of 15 | 57% |
| Market cap | 16876 | 1273 | 3 of 16 | 87% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
