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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

₹139.20 3.40 (2.50%)

As on 04-Jun'26 16:59

Choksi Asia Ltd (530427)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530427 NSE: Photographic Products | Small Cap | Choksi Asia Share Price

₹139.20 3.40 (2.50%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹79 Cr.
Current Price
₹139.2
52-Week Low / High
₹75 / 213
TTM EPS
₹9.4
TTM Sales
₹49.3 Cr.
Book Value per Share
₹64.4
P/E Ratio
14.88
Industry PE
20.5
Price to Book (P/B)
2.16
Higher than its 5-year historical median
Price to Sales (P/S)
1.61
Lower than its 5-year historical median
EV/EBITDA
9.12
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.31%
Outperforms industry median
Return on Capital Employed (ROCE)
18.35%
Outperforms industry median
Return on Assets (ROA)
9.66%
Operating Profit Margin
10.2%
Net Profit Margin
8.38%
Gross Profit Margin
13.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
2811.81%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
71.15%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹31 Cr.
Equity
₹5.7 Cr.
Face Value
₹10
All Time Low / High
₹0.95 / 212.90

Choksi Asia stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Choksi Asia Ltd a good quality company?
Choksi Asia Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Choksi Asia Ltd performance compare with that of its Peers?
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.
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 Stock return of Choksi Asia Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.2% based on the current price.

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

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

Sales 4627.323.117.31611.42.50.81.33749
Sales YoY Gr.--40.7%-15.3%-24.9%-7.7%-28.9%-78.4%-68.7%64.9%2,811.8%-
Adj EPS 6.31.32.82.70.52.4-1.3-1.3-1.25.39.4
YoY Gr.--79.1%109.1%-2.5%-81%362.8%-154.2%NANANA-
BVPS (₹) 35.738.240.641.839.844.74139.838.655.264.4
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

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 17.8% 36.7% 42.3% 14.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.93.676.51.35.6-3-3.2-311.615.7
Op. Profit
Mgn %
6.52.45.92.6-0.7-12.9-59.2-187.3-145.910.213.8
Net Profit
Mgn %
5.41.94.76.11.38.1-20.3-66.5-36.18.210.8
Debt to
Equity
0000000000.10
Working Cap
Days
1742362493273313009343,3002,101139106
Cash Conv.
Cycle
14136-188-190-222-1641259356697488

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%

Valuation of Choksi Asia - Standalone

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!

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

Financial 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

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Choksi Asia Ltd FAQs

The current trading price of Choksi Asia on 04-Jun-2026 16:59 is ₹139.2.

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 03-Jun-2026 the market cap of Choksi Asia stood at ₹79.36 Cr

The latest P/E ratio of Choksi Asia as of 03-Jun-2026 is 14.88.

The latest P/B ratio of Choksi Asia as of 03-Jun-2026 is 2.16.

The 52-week high of Choksi Asia is ₹212.9 and the 52-week low is ₹75.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Choksi Asia is ₹49.31 ( Cr.) .

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

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

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.

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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