Madhusudan Kela stock jumps 3% after securing multiple orders worth ₹55 Cr for Govt. projects

Synopsis: Choice International Limited, through its subsidiaries, has secured government projects worth ₹55 crore across sectors like infrastructure, digital services, and governance, strengthening its role in public sector consultancy and technology-driven initiatives across India.

This Madhusudan Kela stock, engaged in stock broking, wealth management, investment banking, and financial advisory services across retail and institutional clients in India, jumped 2.98 percent after securing multiple orders worth Rs. 55 crore for government projects.

With a market capitalization of Rs. 14,188.64 crores, the share of Choice International Limited has reached an intraday high of Rs. 637 per equity share, rising nearly 2.98 percent from its previous day’s close price of Rs. 618.55. Since then, the stock has retreated and is currently trading at Rs. 636.90 per equity share. 

Reason Behind the Surge

Choice International Limited, through its subsidiaries, has secured multiple government projects worth around Rs. 55 crore across India. These orders cover areas like infrastructure planning, digital transformation, policy reforms, and project management. 

The company will work with various government departments to improve public services, enhance transparency, and support technology-driven initiatives. These projects span sectors such as education, agriculture, railways, highways, finance, and surveillance, reflecting Choice Group’s strong capabilities in consultancy, governance, and e-governance solutions.

The table below provides a detailed breakdown of the orders, including project scope, value, and execution timelines.

Project / OrderAmount (₹)Duration School Infrastructure DPR (Karnataka)₹17.86 Cr2 Months PACS Computerization (Karnataka)₹11.44 Cr15 Months Media Monitoring Centre (Maharashtra)₹9.98 Cr18 Months Project Supervision Services (PSS) (Hyderabad)₹5.07 Cr24 Months Highway Infrastructure DPR (Maharashtra)₹2.42 Cr15 Months PMU for Municipal Corporation Chandigarh (Chandigarh)₹2.48 Cr24 Months PMFBY Programme Monitoring (Odisha)₹1.84 Cr24 Months Cloud-Based CCTV and Surveillance (Andhra Pradesh)₹1.51 Cr6 Months IE & Auditor (IE&A) for Silos (Rajasthan)₹1.37 Cr27 Months PMU Financial Governance Support (Chhattisgarh)₹0.83 Cr12 Months GST Reform Impact Study, Textile Sector (Maharashtra)₹0.65 Cr3 Months Assam Industrial & Green Growth Fund (AIF)Not Fixed84 Months

Business Presence

Choice International Limited has a strong business presence with its head office in Mumbai and a wide network across India. It operates 210 branch offices, 47 project offices, and serves clients across 25 states and union territories. Its expanding footprint and growing clientele highlight its operational strength, industry expertise, and ability to deliver services efficiently across diverse regions.

Revenue Mix (9M FY26)

Choice International Limited’s revenue mix for 9M FY26 shows a well-diversified business model. Broking & Distribution contributes the largest share at 58 percent, driven by stock broking and wealth management services. Advisory services account for 28 percent, supported by government consulting, infrastructure advisory, and investment banking activities, while NBFC operations contribute 14 percent through lending services.

The company also demonstrates strong operational scale, with presence in 20+ states and union territories and an order book of Rs. 7.48 billion. Its NBFC segment has a total loan book of Rs. 7.56 billion, including Rs. 5.30 billion in retail loans, highlighting steady financial growth and expansion.

Company Overview

Choice International Limited was founded in 1993 and is an Indian financial services company headquartered in Mumbai, Maharashtra. It operates across retail and institutional segments, offering stockbroking, wealth management, investment banking, and financial advisory services. The firm has expanded its presence nationwide through subsidiaries and digital investment platforms, positioning itself among India’s integrated financial services groups.

Recent Quarter Results

Coming into financial highlights, Choice International Limited’s revenue has increased from Rs. 209 crore in Q3 FY25 to Rs. 303 crore in Q3 FY26, which has grown by 44.98 percent. The net profit has also grown by 112.90 percent from Rs. 31 crore in Q3 FY25 to Rs. 66 crore in Q3 FY26. Choice International Limited’s revenue and net profit have grown at a CAGR of 47.48 percent and 68.5 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 20 percent and 19.6 percent, respectively. Choice International Limited has an earnings per share (EPS) of Rs. 10, and its debt-to-equity ratio is 0.40x.

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