Parag Parikh Financial Advisory Services Ltd (PPFAS) Unlisted Shares - Unlisted Shares
Fundamentals
- Current Price
- ₹18,200
- Market Cap
- ₹13,955.89 Cr
- ISIN
- INE0FGC01012
- Face Value
- ₹10
- P/E Ratio
- 64.02
- EPS
- 284.30
- P/B Ratio
- 24.20
- Book Value
- 752.2
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Net Revenue | 428.84 | 286.27 | 144.81 | 88.81 | 33.13 | 18.76 |
| Growth % | 49.80% | 97.69% | 63.06% | 168.05% | 76.59% | 18.22% |
| Total Operating Expenses | 87.24 | 66.39 | 41.41 | 32.82 | 18.99 | 14.39 |
| Growth % | 31.41% | 60.31% | 26.18% | 72.80% | 31.95% | -0.55% |
| Operating Profit (EBITDA) | 341.60 | 219.88 | 103.40 | 55.99 | 14.14 | 4.37 |
| Operating Profit Margin % | 79.66% | 76.81% | 71.40% | 63.04% | 42.67% | 23.28% |
| Other Income | 0.26 | 0.16 | 1.58 | 1.34 | 0.67 | 2.11 |
| Finance Costs | 0.76 | 0.19 | 0 | 0 | 0 | 0 |
| Depreciation and Amortization Expense | 5.33 | 2.93 | 1.92 | 1.79 | 1.68 | 1.57 |
| Profit beofore Tax | 335.76 | 216.92 | 103.05 | 55.54 | 13.13 | 4.90 |
| Income Tax | 89.15 | 45.88 | 26.54 | 16.38 | 3.93 | 1.21 |
| Tax % | 26.55% | 21.15% | 25.75% | 29.49% | 29.97% | 24.77% |
| Profit After Tax | 246.60 | 171.04 | 76.51 | 39.16 | 9.19 | 3.69 |
| Growth % | 123.54% | 123.54% | 95.38% | 326.05% | -24.45% | -24.45% |
| PAT % | 57.51% | 59.75% | 52.84% | 44.10% | 27.74% | 19.67% |
| EPS | 284.30 | 196.38 | 92.29 | 48.43 | 12.42 | 5.15 |
Company Financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7.70 | 7.67 | 7.67 | 7.66 | 7.40 | 7.17 | 7.17 |
| Reserves and Surplus | 641.14 | 298.65 | 193.77 | 116.98 | 75.60 | 63.44 | 59.75 |
| Total Equity | 648.84 | 306.32 | 201.43 | 124.63 | 83.00 | 70.61 | 66.92 |
| Long Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Long Term Liabilities | 40.84 | 1.08 | 0.91 | 0.68 | 0.66 | 0.52 | 0.26 |
| Total Non-Current Liabilities | 40.84 | 1.08 | 0.91 | 0.68 | 0.66 | 0.52 | 0.26 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 12.46 | 10.57 | 7.25 | 6.16 | 2.27 | 1.00 | 1.00 |
| Total Current Liabilities | 12.46 | 10.57 | 7.25 | 6.16 | 2.27 | 1.00 | 1.00 |
| Equity + Liabilities | 702.15 | 317.96 | 209.59 | 131.47 | 85.93 | 72.14 | 68.18 |
| Fixed Assets (incl. WIP) | 35.50 | 23.64 | 20.13 | 18.95 | 19.20 | 20.36 | 21.14 |
| Other Non Current Assets | 12.78 | 195.55 | 122.00 | 83.22 | 36.38 | 48.69 | 43.82 |
| Total Non Current Assets | 48.27 | 219.19 | 142.13 | 102.17 | 55.58 | 69.05 | 64.97 |
| Trade Receivables | 43.52 | 24.24 | 15.96 | 12.17 | 5.59 | 1.80 | 1.42 |
| Cash and Bank Balances | 2.40 | 1.24 | 0.50 | 0.66 | 0.73 | 0.53 | 0.94 |
| Other Current Assets | 607.95 | 73.30 | 51.01 | 16.47 | 24.03 | 0.76 | 0.85 |
| Total Current Assets | 653.87 | 98.77 | 67.46 | 29.30 | 30.35 | 3.09 | 3.21 |
| Total Assets | 702.15 | 317.96 | 209.59 | 131.47 | 85.93 | 72.14 | 68.18 |
Shareholding Pattern
- Neil Parag Parikh
- 43.15%%
- Geeta Parag Parikh
- 18.77%%
- Sahil Parag Parikh
- 14.81%%
- Empeegee Portfolio Management Services Pvt Ltd
- 4.55%%
- Sitanshi S Parikh
- 0.02%%
- Others
- 10.81%%
- Khushboo Joshi
- 0.06%%
Strengths & Weaknesses
Strengths
- Significant Growth in Assets Under Management (AUM): PPFAS Mutual Fund experienced substantial growth in its AUM, increasing from ₹35,477.67 crores as of March 31, 2023, to ₹68,453.01 crores by March 31, 2024. AUM grew 55.3% from 68,453 crores in FY24 to 1,06,357 crores in FY25
- Expansion of Investor Base: The number of investors in PPFAS Mutual Fund schemes grew from 23.1 Lacs in FY23 to 33.75 Lacs in FY24. This expansion signifies the company's growing popularity and the effectiveness of its client acquisition strategies.
- Strategic Network Expansion: PPFAS Mutual Fund has expanded its physical presence with offices in multiple cities, including Mumbai, Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kolkata, Lucknow, New Delhi, Pune, and Vadodara. Recruitment has also been completed for branches in Bhopal, Coimbatore, Ernakulam, Jaipur, Nagpur, Nashik, Rajkot, Ranchi, and Surat.
- Strong Financial Growth: Revenue grew at a 5-year CAGR of ~87%, rising from ₹18.76 Cr in FY20 to ₹428.84 Cr in FY25. Profits expanded even faster, with a 5-year CAGR of ~132%, increasing from ₹3.69 Cr in FY20 to ₹246.60 Cr in FY25. The company also enjoys a robust PAT margin of 57%.
Weaknesses
- Restricted Client Base Growth: The decision to stop onboarding new clients for the “Cognito” PMS scheme could hinder future expansion opportunities
- Market Perception: Past performance and market fluctuations may influence current client trust and perceptions.
- Limited Offerings: As compared to other AMCs, PPFAS Mutual Fund only six schemes as of March 31, 2024; Parag Parikh Flexi Cap, Fund Parag Parikh, ELSS Tax Saver Fund, Parag Parikh Liquid Fund, Parag Parikh Conservative Hybrid Fund, Parag Parikh Arbitrage Fund, and Parag Parikh Dynamic Asset Allocation Fund
About Parag Parikh Financial Advisory Services Ltd (PPFAS) Unlisted Shares
Parag Parikh Financial Advisory Services Limited (PPFAS), a Mumbai-based financial services company, specializes in investment solutions such as Mutual Funds and Multi-Asset Non-Discretionary Strategy, where they serve as advisors rather than fund managers, providing tailored guidance to investors.
Board of Directors
- Rajeev Thakkar - Director
- Neil Parikh - Director
- Sahil Parikh - Director
- Suneel Gautam - Director
- Shashi Kataria - Director
- Dipti Neelakantan - Director
- Hitesh Gajaria - Director
Senior Management
- Rajdeep Jadeja - Company Secretary
Frequently Asked Questions
- Is there any lock in period for Parag Parikh Financial Advisory Services Ltd (PPFAS) unlisted shares?
- The lock-in period for Parag Parikh Financial Advisory Services Ltd (PPFAS) Unlisted Shares differs based on the investor category, as per SEBI regulations:
● Venture Capital Funds and Foreign Venture Capital Investors (FVCIs):
A lock-in period of 6 months from the date of acquisition of the shares.
● Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
● Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates):
A lock-in period of 6 months from the date of IPO listing of Parag Parikh Financial Advisory Services Ltd (PPFAS).
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing. - How much long term capital gains tax do I have to pay on Parag Parikh Financial Advisory Services Ltd (PPFAS) unlisted shares?
- Long-Term Capital Gains (LTCG) on Unlisted Shares in India arise when such shares are sold after being held for a period of more than two years. The key aspects of LTCG taxation on Parag Parikh Financial Advisory Services Ltd (PPFAS) unlisted shares are outlined below:
1. Tax Rate
Earlier, LTCG on unlisted shares was taxed at 20% with indexation benefits. However, as per Union Budget 2024, the tax structure has been revised. For transfers made on or after 23rd July 2024, LTCG on unlisted shares is taxed at a flat rate of 12.5%.
2. Indexation Benefit
Previously, investors could avail indexation benefits to adjust the purchase price for inflation, thereby reducing taxable gains.
This indexation benefit has been removed under Budget 2024 for unlisted shares transferred on or after 23rd July 2024.
3. Importance for Investors
Understanding LTCG taxation is important for both retail investors and High Net-Worth Individuals (HNIs), as it directly impacts investment returns, exit planning, and overall tax strategy.
4. Calculation Method
For eligible transactions after 23rd July 2024, LTCG will be calculated at a flat tax rate of 12.5% on the capital gains, without indexation.
5. Applicability
LTCG tax is applicable when unlisted shares are held for more than 24 months before being sold.
6. Relevance
These tax provisions are particularly relevant for investors in the unlisted share market who are considering exiting their investments after a long-term holding period. - How do I start investing in Parag Parikh Financial Advisory Services Ltd (PPFAS) unlisted shares through InCred Money?
- Buying Parag Parikh Financial Advisory Services Ltd (PPFAS) Unlisted Shares on InCred Money is quick, seamless, and fully digital.
Step 1: Create Your Account
Sign up using your mobile number and email ID.
Complete your KYC by submitting your PAN, Aadhaar, bank account, and demat account details. Once submitted, your KYC is reviewed and approved.
Step 2: Select & Buy Shares
Browse and select Parag Parikh Financial Advisory Services Ltd (PPFAS) from our Unlisted Shares list and place your order.
Step 3: Share Transfer
Based on the settlement period for the shares noted on the platform, the purchased shares are transferred and reflected in both your InCred Money portfolio and your demat account. - What documents are needed to invest in Parag Parikh Financial Advisory Services Ltd (PPFAS) unlisted shares?
- To invest in Parag Parikh Financial Advisory Services Ltd (PPFAS) Unlisted Shares on InCred Money, you need to complete your KYC verification by submitting the following documents:
● PAN Card
● Aadhaar Card
● Bank account details
● Demat account details
Once your KYC is successfully completed and approved, you can start investing in unlisted shares on the platform.
