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Choice International Subsidiaries Secure Government Mandates Worth ₹191.38 Crore

Choice International Ltd has secured multiple government mandates through its subsidiaries with a cumulative contract value of ₹191.38 crore. These projects span diverse sectors including digital governance, railway infrastructure, and project management consultancy across several Indian states, marking a significant expansion of the company's consulting division.

Government building in New Delhi featuring columns and an Indian flag under a vibrant sky. Stock photo illustrating Choice International's new order story.
Photo: Abhinav Tripathi / Pexels
Key numbers
Market Cap ₹18,157.4 CrBanking and Finance
Revenue TTM ₹1,118.39 CrTTM Performance
Day RSI 65.04Neutral Zone
Order fromVarious Government Authorities
Deal value₹191.38 Cr
Share of market cap1.1%
Share of annual revenue17.1%

Key highlights

  • Aggregate contract value of approximately ₹191.38 crores secured across 23 distinct projects during Q1 FY27
  • Major mandates include urban e-governance implementation in Bihar and PMC services for Mumbai's Gargai Dam
  • Project geographic footprint extends across Bihar, Maharashtra, Tamil Nadu, Jharkhand, and Arunachal Pradesh
  • Execution timelines for the awarded mandates range from short-term 1-month consultancy to 60-month long-term implementations
  • Contracts won by subsidiary Choice Consultancy Services and step-down subsidiary Ayoleeza Consultants

What Is the Order?

The mandates comprise 23 separate projects awarded by various state and central government entities to Choice Consultancy Services Private Limited and Ayoleeza Consultants Private Limited. Key projects include a 60-month urban e-governance platform implementation in Bihar using the UPYOG framework and project management consultancy for the Gargai Dam and Water Conveyance project under the Brihanmumbai Municipal Corporation. Additional mandates cover railway electrification for the East Central Railway and independent engineering for Food Corporation of India silo projects in Punjab and Bihar.

The aggregate value of these orders stands at approximately ₹191.38 crore, focused on digital transformation and public infrastructure.

Business Impact

  • Strengthens revenue visibility for the consulting vertical over the next one to five years based on project durations
  • Validates the group's technical capabilities in diverse fields ranging from railway engineering to digital governance
  • Deepens the company's geographic footprint in high-growth states like Bihar, Maharashtra, and Tamil Nadu
  • Positions the firm as a preferred partner for large-scale multilateral and state-funded infrastructure initiatives
  • Enhances the order book through a mix of large, medium, and small-scale government mandates

Business Overview

Choice International Limited is a diversified financial services and consulting group headquartered in Mumbai. The company operates across multiple segments including retail broking, institutional equities, wealth management, and government advisory. Its subsidiary, Choice Consultancy Services, specializes in preparing Detailed Project Reports and providing project monitoring services for government initiatives.

The group serves over 15 lakh clients and maintains a nationwide presence, leveraging technology-driven solutions. Ayoleeza Consultants, a step-down subsidiary, specifically enhances the firm's technical expertise in infrastructure advisory and public sector consulting.

Financial Context

Choice International currently trades as an expensive performer with a TTM Price to Earnings ratio of 78.82, compared to the sector average. The company has demonstrated strong financial momentum with a 24.18 percent annual revenue growth and a 33.77 percent increase in annual net profit. Market capitalization stands at ₹18,157.4 crore, supported by a durability score of 70.

While operating cash flow was negative for the last annual period, the company maintains a Piotroski score of 4 and an operating profit margin of 37.66 percent in the latest quarter.

Choice International · share price, past month
Choice International · financial snapshot
Share price₹815.05
Market capitalisation₹18,157.40 Cr
Revenue (annual)₹1,119.13 Cr
Net profit (annual)₹217.66 Cr
Revenue (latest quarter)₹306.71 Cr+1.10% vs previous quarter
Net profit (latest quarter)₹60.31 Cr-8.10% vs previous quarter
P/E (TTM)78.82×Sector 23.84×
Promoter holding53.65%0.00% QoQ
FII holding11.41%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Choice International Limited announcing the award of multiple government mandates to its subsidiaries. Market figures from a third-party data provider.

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