Choksi Asia Ltd (CHOKSI)

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Choksi Asia Ltd (CHOKSI) · mywealthgrid

About

Choksi Asia Ltd operates in medical equipment and supplies within India's healthcare sector. At ₹135.63 Cr market cap with quarterly revenues of ₹2.55–₹5.45 Cr, it remains small-scale. Recent profitability has been inconsistent, with net profit alternating between losses and gains while operating margins have ranged from -35.65% to 10.28%.

Face value: ₹10

Market cap

₹117 Cr

P/E

60.7×

P/B

2.8×

Dividend yield

ROE

13.5%

ROCE

18.9%

Debt / equity

0.05

OPM

13.8%

EPS (TTM)

₹3.4

Book value

₹73.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation: PE of 70.46 and 157% 1-year return leave minimal safety margin if earnings growth stalls.
Operating volatility: OPM has swung from -35.65% (Mar 2020) to 10.28% (current); net profit oscillates from -₹0.82 Cr to +₹1.26 Cr per quarter, suggesting execution or demand inconsistency.
Weak institutional backing: FII 0.18% and DII 0% indicate limited large-investor participation, creating vulnerability to retail sentiment reversal.
Small revenue base: Quarterly ₹2.55–5.45 Cr limits fixed-cost absorption—verify if sector demand can support growth to overcome this scale constraint.

Generated analysis · source review pending

Growth drivers

Margin stabilization: OPM at 10.28% versus -35.65% low in Mar 2020; consistent execution could improve profitability and cash generation.
Revenue expansion: Quarterly revenue range ₹2.55–5.45 Cr is stable; verify if healthcare equipment sector demand is accelerating to enable top-line growth.
Financial flexibility: D/E ratio 0.13 provides capacity for growth investments—verify if management is deploying this to scale capacity or distribution.

Generated analysis · source review pending

2,047 historical price candles were omitted because the exchange source has not been verified.

₹205.1+3.2%1Y

Quick read

rule-based

Pros

+Profit CAGR of 22.8% over the last 5 years
+Revenue CAGR of 34.1% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 18.9×
+High promoter holding of 71.2% with no pledge

Cons

−Low return on equity of 9.3% (3-yr avg)
−Expensive at 60.7× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 61
Growth: 50

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Molbio Diagnostics LimitedMOLBIOMOLBIO	₹17,431 Cr	₹17,844 Cr	₹1,020 Cr	₹262 Cr	25.7%	₹145 Cr	13.6%	23.7%	16.2%	—
Poly Medicure LimitedPOLYMEDPOLYMED	₹16,610 Cr	₹16,952 Cr	₹1,997 Cr	₹461 Cr	23.6%	₹315 Cr	17.1%	14.5%	11%	294
Fischer Medical Ventures LimitedFISCHERFISCHER	₹2,190 Cr	₹2,262 Cr	₹367 Cr	₹50 Cr	14%	₹30 Cr	10.1%	13.6%	8.6%	111
Tarsons Products LimitedTARSONSTARSONS	₹1,752 Cr	₹2,135 Cr	₹441 Cr	₹119 Cr	27.9%	₹11 Cr	3.4%	5%	2.3%	361
Laxmi Dental LimitedLAXMIDENTLLAXMIDENTL	₹1,066 Cr	₹1,066 Cr	₹287 Cr	₹46 Cr	15.6%	₹31 Cr	10.4%	14.7%	12.8%	109
Hemant Surgical Industries LtdHSILHSIL	₹885 Cr	—	₹232 Cr	₹23 Cr	10%	₹18 Cr	7.9%	—	—	—
Fabtech Technologies LimitedFABTECHFABTECH	₹632 Cr	₹675 Cr	₹418 Cr	₹45 Cr	8.5%	₹49 Cr	9.3%	15.5%	12.9%	55
Prevest Denpro LtdPREVESTPREVEST	₹452 Cr	—	₹72 Cr	₹25 Cr	34.4%	₹20 Cr	28.5%	—	—	—
Nureca LimitedNURECANURECA	₹332 Cr	₹333 Cr	₹153 Cr	₹4 Cr	0.1%	₹4 Cr	1.4%	3.3%	1.1%	186
Earkart LtdEARKARTEARKART	₹179 Cr	₹179 Cr	₹54 Cr	₹8 Cr	15.5%	₹5 Cr	9.1%	12.1%	7.7%	243
Choksi Asia LtdCHOKSICHOKSI	₹117 Cr	₹119 Cr	₹11 Cr	₹-2 Cr	13.8%	₹2 Cr	10.8%	18.9%	13.5%	142
Shree Pacetronix LtdSHREEPACSHREEPAC	₹68 Cr	₹71 Cr	₹8 Cr	₹1 Cr	23.5%	₹0 Cr	14%	27.4%	18.9%	385

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	27	23	17	16	11	2	1	16	37	49
COGS	-5	-4	-17	-14	13	10	2	1	13	30	39
Gross profit	—	—	—	—	3	2	1	0	3	7	10
	48	31	39	31	5	3	2	2	3	3	4
	2	1	1	-1	-1	-1	-1	-1	-0	4	7
OPM %	4.7%	3%	4.9%	-3.4%	-8.9%	-12.8%	-59.4%	-187%	-0.1%	10.3%	13.8%
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Interest	0	—	—	—	0	0	0	0	0	0	0
	1	1	1	2	1	4	1	1	2	2	1
Profit before tax	2	1	2	1	-1	3	-0	-0	2	5	8
Tax	—	0	1	0	0	1	-0	0	0	2	2
Tax %	—	0%	30.1%	14%	3.8%	29.5%	-12.5%	6.8%	7.3%	34.5%	28.9%
	2	1	1	1	-1	2	-0	-0	1	3	5
PAT margin %	4.9%	3.5%	5.5%	4.9%	-3.5%	16.8%	-17.1%	-62.3%	8.7%	8.4%	10.8%
EPS (₹)	5.7	2.4	3.3	2.2	-1.4	4.9	-1.1	-1.2	2.4	5.4	9.4
EPS adjusted (₹)	—	—	—	2.2	-1.4	4.9	-1.2	-1.2	1.3	2.8	4.8
	17.5%	31.3%	22.7%	22.9%	—	51.1%	—	—	0%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	4	11	11	11
Reserves	—	12	14	12	12	22	26	31
	—	0	0	0	0	4	5	2
	—	20	4	2	3	5	6	3
Total equity & liabilities	—	36	21	18	18	42	47	47
	8	7	6	6	6	15	16	16
CWIP	—	0	0	0	—	—	—	0
Investments	—	7	1	3	0	0	0	0
	—	21	14	9	12	27	32	31
Total assets	—	36	21	18	18	42	47	47

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	21.6%	16.3%	29.3%	35.1%	17.5%	17.7%	21.2%
EBITDA margin %	-3.4%	-8.9%	-12.8%	-59.4%	-187%	-0.1%	10.3%	13.8%
EBIT margin %	-4.6%	-9.9%	-14.5%	-66.3%	-207.8%	-1.3%	9.8%	13.2%
PAT margin %	4.9%	-3.5%	16.8%	-17.1%	-62.3%	8.7%	8.4%	10.8%
Working capital
Receivable days	—	108	32	89	180	82	82	70
Inventory days	—	113	34	71	1,971	150	106	86
Payable days	—	531	45	27	88	46	39	14
NWC days	—	-311	22	133	2,064	185	149	142
Leverage
Current ratio	—	1.37	5.09	8.44	7.91	3.79	4.61	6.67
Debt to EBITDA	—	—	—	—	—	—	1.26	0.28
Debt to equity	—	0	0	0	0	0.11	0.13	0.05
Interest coverage	—	—	—	—	—	4.8	10.8	18.9
Asset turnover	—	0.45	0.54	0.13	0.04	0.38	0.78	1.04
Return ratios
Return on assets %	—	-1.6%	9%	-2.3%	-2.7%	3.3%	6.6%	11.2%
Return on capital employed %	—	-3.3%	15.6%	-2.7%	-2.6%	7.3%	13.7%	18.9%
Return on equity %	—	-3.6%	11%	-2.6%	-3.1%	4.2%	8.4%	12.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.44%	63.44%	63.44%	63.44%	62.23%	62.23%	62.23%	62.23%	71.15%	71.15%	71.15%	71.15%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.18%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.56%	36.56%	36.56%	36.56%	37.77%	37.77%	37.77%	37.77%	28.85%	28.85%	28.85%	28.67%
No. of shareholders	—	—	—	—	—	—	—	—	3,087	3,038	2,982	2,960

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Choksi Asia Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

30 Sept 2026, 8:04 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 4:22 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 12:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 4:39 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

6 Sept 2026, 9:43 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 10:12 pmAGM/EGM

Shareholders Meeting - AGM - Tuesday, September 29, 2026 At 11.00 A.M. IST.

AGM PDF

11 Aug 2026, 3:40 pmResult

Results - Unaudited Financial Results For The Quarter Ended June 30, 2026.

Financial Results PDF

11 Aug 2026, 3:36 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting.

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
30 Sept 2026, 8:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 4:22 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	21.6%	16.3%	29.3%	35.1%	17.5%	17.7%	21.2%
EBITDA margin %	-3.4%	-8.9%	-12.8%	-59.4%	-187%	-0.1%	10.3%	13.8%
EBIT margin %	-4.6%	-9.9%	-14.5%	-66.3%	-207.8%	-1.3%	9.8%	13.2%
PAT margin %	4.9%	-3.5%	16.8%	-17.1%	-62.3%	8.7%	8.4%	10.8%
Working capital
Receivable days	—	108	32	89	180	82	82	70
Inventory days	—	113	34	71	1,971	150	106	86
Payable days	—	531	45	27	88	46	39	14
NWC days	—	-311	22	133	2,064	185	149	142
Leverage
Current ratio	—	1.37	5.09	8.44	7.91	3.79	4.61	6.67
Debt to EBITDA	—	—	—	—	—	—	1.26	0.28
Debt to equity	—	0	0	0	0	0.11	0.13	0.05
Interest coverage	—	—	—	—	—	4.8	10.8	18.9
Asset turnover	—	0.45	0.54	0.13	0.04	0.38	0.78	1.04
Return ratios
Return on assets %	—	-1.6%	9%	-2.3%	-2.7%	3.3%	6.6%	11.2%
Return on capital employed %	—	-3.3%	15.6%	-2.7%	-2.6%	7.3%	13.7%	18.9%
Return on equity %	—	-3.6%	11%	-2.6%	-3.1%	4.2%	8.4%	12.7%

47 deals · 20 Sept 2021 – 20 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Apr 2026	CRONY VYAPAR PVT LTD	Bulk	BSE	Sell	44,276	₹189.14	₹0.84 Cr
20 Apr 2026	CRONY VYAPAR PVT LTD	Bulk	BSE	Buy	7,693	₹199.23	₹0.15 Cr
4 Jun 2025	VALIA BROTHERS PVT LTD	Bulk	BSE	Sell	20,763	₹116.00	₹0.24 Cr
28 Feb 2025	SUDHANSHU KANDA	Bulk	BSE	Buy	19,600	₹72.03	₹0.14 Cr
10 Dec 2024	CRONY VYAPAR PVT LTD	Bulk	BSE	Sell	21,351	₹107.51	₹0.23 Cr
9 Dec 2024	CRONY VYAPAR PVT LTD	Bulk	BSE	Buy	22,464	₹111.85	₹0.25 Cr
9 Dec 2024	CRONY VYAPAR PVT LTD	Bulk	BSE	Sell	1,683	₹109.75	₹0.02 Cr
6 Dec 2024	CRONY VYAPAR PVT LTD	Bulk	BSE	Buy	21,461	₹103.65	₹0.22 Cr
6 Dec 2024	CRONY VYAPAR PVT LTD	Bulk	BSE	Sell	6,461	₹105.29	₹0.07 Cr
4 Dec 2024	CRONY VYAPAR PVT LTD	Bulk	BSE	Buy	34,510	₹102.13	₹0.35 Cr

1–10 of 47

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	8	2	5	2	-3	-9	-1	-3	3	-3	1
	-0	-0	0	-1	-0	8	-2	3	2	1	0
	-7	0	-0	-0	-0	0	-1	0	0	-1	-3
Net cash flow	1	2	5	3	-3	-1	-4	1	5	-3	-3
Free cash flow	—	—	—	—	-3	-9	-1	-3	3	-4	-0
CFO / Operating profit %	372.3%	206.3%	477.4%	—	—	—	—	—	—	-75.5%	10.9%

Choksi Asia Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

13

1

Compounded sales growth

Compounded profit growth

Return on equity

Choksi Asia Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Dividends13

Board meetings1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

13

1