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Choksi Asia Ltd (530427) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 530427 NSE: | Photographic Products | Small Cap

Choksi Asia Share Price

148.70 -0.50 (-0.34%)
As on 30-Apr'26 16:59

Choksi Asia Ltd (530427)

BSE: 530427 NSE:
Key Metrics
Market Cap
₹85 Cr.
P/E Ratio
16.13
Price to Book (P/B)
2.36
Price to Sales (P/S)
1.71
EV/EBITDA
10.83
Return on Capital Employed (ROCE)
18.35%
Current Price
₹148.7
Return on Equity (ROE)
13.31%
Return on Assets (ROA)
9.66%
Operating Profit Margin
10.2%
Net Profit Margin
8.38%
Gross Profit Margin
13.3%
Book Value per Share
₹63
Sales Growth (YoY)
2811.81%
Sales Growth (3 Years)
146.8%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
N/A%
Net Profit Growth (1 Year)
NA%
52-Week Low / High
₹70 / 213
Net Profit Growth (3 Years)
N/A%
Dividend Yield
0.00%
Promoter Holding
71.15%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Stock return of Choksi Asia Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.2% based on the current price.
Q.1 Revenue growth of Choksi Asia Ltd?
Choksi Asia Ltd revenue growth is 2,811.8% for FY-2025, which is below its 5-year CAGR of 18.24%, indicating slower growth.
Q.1 Which industry/sub-sector does Choksi Asia Ltd belong to?
Choksi Asia Ltd belongs to the Miscellaneous sector, operating specifically within the Photographic Products segment.
Q.1 Promoter shareholding and pledge status of Choksi Asia Ltd?
Promoters hold 71.15% of the Choksi Asia Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Choksi Asia Ltd vs industry peers?
Choksi Asia Ltd revenue CAGR is 18.24%, compared to the industry median CAGR of -1.49%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on Choksi Asia

Based on:

M-Cap below 100cr DeciZen not available

Choksi Asia stock performance

Key Ratios
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Is Choksi Asia Ltd an attractive stock to invest in?

1. Is Choksi Asia Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Choksi Asia Ltd is a average quality company.

2. Is Choksi Asia Ltd undervalued or overvalued?

The key valuation ratios of Choksi Asia Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Choksi Asia Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Choksi Asia Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Choksi Asia Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.7%6.9%11.9%6.3%-3.3%16.4%-2.9%-2.8%-6.4%18.4%-
Value Creation
Index
0.1-0.5-0.2-0.6-1.20.2-1.2-1.2-1.50.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4627.323.117.31611.42.50.81.33750
Sales YoY Gr.--40.7%-15.3%-24.9%-7.7%-28.9%-78.4%-68.7%64.9%2,811.8%-
Adj EPS 6.31.32.82.70.52.4-1.3-1.3-1.25.39.2
YoY Gr.--79.1%109.1%-2.5%-81%362.8%-154.2%NANANA-
BVPS (₹) 35.738.240.641.839.844.74139.838.655.263
Adj Net
Profit
2.50.51.11.10.20.9-0.5-0.5-0.535
Cash Flow from Ops. 7.91.75.52.4-2.5-8.9-0.6-2.50.7-2.9-
Debt/CF from Ops. 000000000-1.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.4%18.2%146.8%2811.8%
Adj EPS -2%59.7%NANA
BVPS5%6.8%10.4%43.1%
Share Price 14.2% 45.8% 41% 86.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.93.676.51.35.6-3-3.2-311.615.6
Op. Profit
Mgn %
6.52.45.92.6-0.7-12.9-59.2-187.3-145.910.212.2
Net Profit
Mgn %
5.41.94.76.11.38.1-20.3-66.5-36.18.210.6
Debt to
Equity
0000000000.1-
Working Cap
Days
1742362493273313009343,3002,101139108
Cash Conv.
Cycle
14136-188-190-222-1641259356697485

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.60%

Sales growth is growing at healthy rate in last 3 years 146.80%

Sales growth is good in last 4 quarters at 2038.25%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 9.2 -
TTM Sales (₹ Cr.) 49.6 -
BVPS (₹) 63 -
Reserves (₹ Cr.) 30 -
P/BV 2.36 -
PE 16.13 -
From the Market
52 Week Low / High (₹) 70.25 / 212.90
All Time Low / High (₹) 0.95 / 212.90
Market Cap (₹ Cr.) 84.8
Equity (₹ Cr.) 5.7
Face Value (₹) 10
Industry PE 20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Choksi Asia - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales45.9627.2623.0817.331611.382.460.771.2736.98
Operating Expenses + 43.4026.6221.7717.7517.4212.853.922.213.1233.23
Manufacturing Costs0.300.260.210.230.420.350.430.680.590.14
Material Costs34.9720.0316.7913.5312.549.531.730.491.4530.45
Employee Cost 3.552.682.231.751.671.330.940.310.301.07
Other Costs 4.593.642.542.252.781.640.830.730.771.56
Operating Profit 2.570.641.31-0.42-1.42-1.47-1.46-1.44-1.853.75
Operating Profit Margin (%) 5.6%2.4%5.7%-2.4%-8.9%-12.9%-59.2%-187.0%-145.0%10.2%
Other Income + 0.400.740.741.641.064.361.141.161.041.63
Exceptional Items 0000000000
Interest 0.37000000000.48
Depreciation 0.410.390.220.210.170.190.170.160.160.18
Profit Before Tax 2.180.991.831.01-0.532.71-0.48-0.44-0.974.73
Tax 0.020.220.550.150.020.80-0.060.03-0.521.63
Profit After Tax 2.170.771.290.86-0.561.91-0.42-0.48-0.463.10
PAT Margin (%) 4.7%2.8%5.6%4.9%-3.5%16.8%-17.2%-61.8%-36.1%8.4%
Adjusted EPS (₹)5.62.03.32.2-1.44.9-1.1-1.2-1.25.4
Dividend Payout Ratio (%)18%38.10%22.80%22.80%0%51.10%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 13.9114.8915.8216.3215.5217.4315.9915.5215.0636.88
Share Capital 3.903.903.903.903.903.903.903.903.9011.09
Reserves 10.0110.9911.9212.4211.6213.5312.0911.6211.1625.79
Debt +0000000004.77
Long Term Debt0000000002.95
Short Term Debt0000000001.82
Minority Interest0000000000
Trade Payables20.2719.2118.7218.6418.261.170.130.1203.29
Others Liabilities 2.171.592.162.271.812.622.302.411.912.23
Total Liabilities 36.3635.6936.6937.2335.6021.2118.4218.0516.9747.18

Fixed Assets

Net Fixed Assets +8.508.037.817.517.346.125.955.795.6315.58
Gross Block14.408.038.037.927.926.766.756.756.7516.88
Accumulated Depreciation5.9000.220.410.580.640.790.961.121.31
CWIP 0000000000
Investments 3.877.495.362.936.870.783.35000
Inventories9.806.884.105.783.880.900.342.701.468.86
Trade Receivables7.995.896.734.914.7210.600.380.188.33
Cash Equivalents 1.523.178.3110.958.187.333.314.144.8410.02
Others Assets 4.674.234.395.164.615.084.865.034.864.39
Total Assets 36.3635.6936.6937.2335.6021.2118.4218.0516.9747.18

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7.931.655.492.42-2.52-8.91-0.56-2.520.70-2.87
PBT 2.180.991.831-0.531.91-0.51-0.48-0.464.73
Adjustment 0.420.470.28-0.280.180.060.110.19-0.35-0.80
Changes in Working Capital 5.270.193.421.72-2.17-10.380.04-2.241.51-6.8
Tax Paid 0.050-0.04-0.020-0.50-0.20000
Cash Flow From Investing Activity + -0.17-0.01-00.58-0.098.05-2.493.35-00.63
Capex -0.17-0.01-00.58-0.011.960-0-0-0.82
Net Investments 000006.09-2.493.3500
Others 0000-0.0800001.45
Cash Flow From Financing Activity + -6.900-0.35-0.35-0.240-0.9800-1.20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-0.48
Dividend Paid -0.390-0.29-0.29-0.200-0.98000
Others -6.510-0.06-0.06-0.040000-0.72
Net Cash Flow 0.861.655.142.64-2.85-0.85-4.020.830.69-3.43

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.65.338.375.33-3.4911.58-2.53-3.02-2.9913.31
ROCE (%)15.76.8911.936.26-3.3416.42-2.88-2.82-6.3818.35
Asset Turnover Ratio1.410.850.650.470.440.430.130.040.071.15
PAT to CFO Conversion(x)3.652.144.262.81N/A-4.66N/AN/AN/A-0.93
Working Capital Days
Receivable Days63.3083.1097.60122.50109.9085.10116.70232.6081.3042
Inventory Days77.8099.9085104110.107191722.80598.6050.90
Payable Days0175.10412.30504.10536.90372.10136.3092.70039.50

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Choksi Asia Ltd FAQs

The current trading price of Choksi Asia on 30-Apr-2026 16:59 is ₹148.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of Choksi Asia stood at ₹84.78 Cr

The latest P/E ratio of Choksi Asia as of 29-Apr-2026 is 16.13.

The latest P/B ratio of Choksi Asia as of 29-Apr-2026 is 2.36.

The 52-week high of Choksi Asia is ₹212.9 and the 52-week low is ₹70.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Choksi Asia is ₹49.60 ( Cr.) .

About Choksi Asia Ltd

Choksi Imaging, formerly known as Selvas Photographics, was incorporated in the year 1992. The company is based in Thane, India.

Business are of the company:-

Choksi Imaging manufactures and sells photosensitized materials and accessories for healthcare industry primarily for hospitals and diagnostic centers .The company manufactures and sells X-Ray films in the imaging industry.

The company started manufacturing X-ray films in the year 1996 and during 1999-2000 the production of photographic color paper was started. X-Ray films are used by the radiologists/doctors in private clinic and by industrial radiographers.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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