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PPFAS· ISIN INE0FGC01012· Mumbai, Maharashtra, India· Est. 1992 Verified
Parag Parikh Financial Advisory Services Ltd. (PPFAS) logo

Parag Parikh Financial Advisory Services Ltd. (PPFAS)

Finance - Asset Management/Wealth Management
₹18,750+0.00%

vs. prev. close ₹18,750

52W High

₹21,000

52W Low

₹15,950

Market cap

₹16,577 Cr

IPO stage

No DRHP filed

CIN

U67190MH1992PLC068970

Price History

52W High

₹21,000

52W Low

₹15,950

About Parag Parikh Financial Advisory Services Ltd. (PPFAS)

Parag Parikh Financial Advisory Services Limited, the AMC behind PPFAS Mutual Fund, grew Assets Under Management 39.11% to Rs 1,47,954.75 crore and consolidated PAT 40.94% to Rs 347.56 crore (EPS Rs 447.91, ROE 34.42%) in FY26, reflecting continued strong investor inflows into its value-investing-focused fund franchise.

The Short Version :

Parag Parikh Financial Advisory Services Limited (PPFAS), in its 34th year, is the asset management company behind PPFAS Mutual Fund, known for its long-term value investing philosophy and "tortoise" brand identity. Assets Under Management for its schemes grew 39.11% to Rs 1,47,954.75 crore from Rs 1,06,357.72 crore during FY26. Consolidated revenue grew 40.34% to Rs 601.84 crore from Rs 428.84 crore, with PAT up 40.94% to Rs 347.56 crore from Rs 246.60 crore. Basic EPS came in at Rs 447.91 versus Rs 321.45 a year earlier, with ROE of 34.42% (down slightly from 38.01% as the equity base grew faster than profit) and Book Value per Share of Rs 1,276.50.


Why It Trades Where It Does :

PPFAS is a high-margin, asset-light AMC business where revenue tracks AUM closely, AUM grew 39.11% and revenue grew 40.34% in the same year, a tight correlation typical of a fee-based asset manager rather than a capital-intensive business. ROE eased slightly to 34.42% from 38.01% purely because Total Equity nearly grew faster than profit (equity up 55.6% to Rs 1,009.69 crore), not because the underlying business weakened; profitability itself improved on every other measure. The gap between Basic EPS (Rs 447.91) and Diluted EPS (Rs 401.61) reflects an active employee stock option pool, a modest, ongoing dilution consideration for existing shareholders as ESOPs vest and convert.


Top Risks :

  • Revenue is directly linked to AUM, which depends on both net inflows and market performance; a sustained market downturn would compress both AUM and fee income together.

  • The gap between Basic and Diluted EPS (Rs 447.91 vs Rs 401.61) points to meaningful ongoing ESOP dilution that will continue to affect per-share economics as options vest.

  • As a single-business AMC, the company has no diversification away from mutual fund management fees if industry-wide fee compression accelerates.

Top Opportunities :

  • AUM growth of 39.11% in one year, on top of an already large base, shows continued strong investor trust and inflows into the PPFAS Mutual Fund franchise.

  • High and consistent ROE (34-38% across the last two years) reflects a scalable, asset-light business model with strong operating leverage as AUM grows.

  • A long-standing value-investing brand identity and demonstrated investor alignment differentiate PPFAS in a competitive AMC industry.


Disclaimer :

Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.

Company Details

Industry

Finance - Asset Management/Wealth Management

Founded

1992

Headquarters

Mumbai, Maharashtra, India

Min Lot Size

1

Face Value

₹10.00

Total Shares

7695874

Regulatory Information

Corporate Identity Number (CIN)

U67190MH1992PLC068970

PAN Number

AABCP9117F

ISIN

INE0FGC01012

Depository

NSDL & CDSL

Registrar & Transfer Agent (RTA)

CAMS – Computer Age Management Services Ltd

Key Valuation Ratios

As of FY2026 Annual · updated 04 Sept 2026Derived

Valuation

Market Cap

₹16,576.79 Cr

P/E Ratio

47.69×

P/S Ratio

27.54×

P/B Ratio

16.42×

EV / EBITDA

34.83×

Returns & Per Share

ROE

34.42%

EPS

₹393.14

Book Value / Share

₹1,142.05

Solvency

Debt / Equity

0.00×

Interest Coverage

360.24×

Company Fundamentals

As of FY2026 Annual · updated 04 Sept 2026

Gross Profit

₹601.84 Cr

EBITDA

₹475.94 Cr

Revenue Growth

40.34%

Profit Margin

57.75%

Performance Trends

4 annual periods · derived from filed statements

As of FY2026 Annual · updated 04 Sept 2026

Revenue

₹ Cr

Net Profit

₹ Cr · losses in red

Earnings Per Share

₹ per share

Return on Equity

ROE %

Return on Capital Employed

ROCE %

Debt-to-Equity

0.00×

EBITDA Margin

79.08%

Interest Coverage

360.24×

Financial Statements

As of FY2026 Annual · updated 04 Sept 2026
Disclosed reportedDerived calculated
Line itemFY2023FY2024FY2025FY2026
Total Income
Revenue from operationsDisclosed144.81₹ Crore286.27₹ Crore428.84₹ Crore601.84₹ Crore
Other incomeDisclosed1.58₹ Crore16₹ Lakh25₹ Lakh38₹ Lakh
Total IncomeDerived146.39₹ Crore286.43₹ Crore429.09₹ Crore602.22₹ Crore
Expenses
Cost of goods soldDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Purchases of stock-in-tradeDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Changes in inventoriesDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Employee benefits expenseDisclosed28.69₹ Crore49.33₹ Crore62.91₹ Crore97.3₹ Crore
Finance costsDisclosed0₹ Crore18₹ Lakh76₹ Lakh1.3₹ Crore
Depreciation and amortization expenseDisclosed1.92₹ Crore2.93₹ Crore5.33₹ Crore7.63₹ Crore
Manufacturing expensesDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Operating expensesDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Other expensesDisclosed12.72₹ Crore17.06₹ Crore24.33₹ Crore28.98₹ Crore
Total ExpensesDerived43.33₹ Crore69.5₹ Crore93.33₹ Crore135.21₹ Crore
Profit
Exceptional itemsDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Profit before taxDerived103.06₹ Crore216.93₹ Crore335.76₹ Crore467.01₹ Crore
Tax expenseDisclosed26.54₹ Crore45.88₹ Crore89.15₹ Crore119.44₹ Crore
Profit After TaxDerived76.52₹ Crore171.05₹ Crore246.61₹ Crore347.57₹ Crore
Other comprehensive incomeDisclosed0₹ Crore8₹ Lakh-21₹ Lakh9₹ Lakh
Total Comprehensive IncomeDerived76.52₹ Crore171.13₹ Crore246.4₹ Crore347.66₹ Crore

Documents Library

Access all financial reports and filings

Annual Report

ppfas-annual-report-2025-2026.pdf

3.1 MB

annual report 2022

2022
2.7 MB

annual report 2024

2024
1.1 MB

annual report 2025

2025
1.9 MB

Quarterly Report

PPFAS Results of Q1FY26 others The consolidated fi

3.4 MB

PPFAS 6MFY26 Results others The consolidated finan

4.1 MB

PPFAS 9MFY26 Results others The consolidated finan

4.3 MB

Investor Presentation

Priveq_PPFAS_Research_Note (updated_ (1).pdf

0.5 MB

Income Statement

financial result 2024

2024
0.8 MB

financial result 2025

2025
1.6 MB

Shareholding Pattern

Geeta P Parikh

41.98%

Others

19.27%

Neil P Parikh

18.26%

Sahil Parikh

14.28%

Rajeev Thakkar

6.21%

R

Rajeev Thakkar

CIO

20+

LinkedIn

PPFAS 9MFY26 Results others The consolidated financial results for the quarter ending Dec 31, 2025 (Q3)

others
18/02/2026

PPFAS 9MFY26 Results others The consolidated financial results for the quarter ending Dec 31, 2025 (Q3)

PPFAS 9MFY26 Results others The consolidated financial results for the quarter ending Dec 31, 2025 (Q3)

others
18/02/2026

PPFAS 9MFY26 Results others The consolidated financial results for the quarter ending Dec 31, 2025 (Q3)

PPFAS 9MFY26 Results others The consolidated financial results for the quarter ending Dec 31, 2025 (Q3)

others
18/02/2026

PPFAS 9MFY26 Results others The consolidated financial results for the quarter ending Dec 31, 2025 (Q3)

PPFAS 6MFY26 Results others The consolidated financial results for the quarter ending Sep 30, 2025 (Q2)

others
17/11/2025

PPFAS 6MFY26 Results others The consolidated financial results for the quarter ending Sep 30, 2025 (Q2)

PPFAS 6MFY26 Results others The consolidated financial results for the quarter ending Sep 30, 2025 (Q2)

others
17/11/2025

PPFAS 6MFY26 Results others The consolidated financial results for the quarter ending Sep 30, 2025 (Q2)

PPFAS 6MFY26 Results others The consolidated financial results for the quarter ending Sep 30, 2025 (Q2)

others
17/11/2025

PPFAS 6MFY26 Results others The consolidated financial results for the quarter ending Sep 30, 2025 (Q2)

PPFAS Results of Q1FY26 others The consolidated financial results for the quarter ending Jun 30, 2025 (Q1)

others
26/08/2025

PPFAS Results of Q1FY26 others The consolidated financial results for the quarter ending Jun 30, 2025 (Q1)

PPFAS Results of Q1FY26 others The consolidated financial results for the quarter ending Jun 30, 2025 (Q1)

others
26/08/2025

PPFAS Results of Q1FY26 others The consolidated financial results for the quarter ending Jun 30, 2025 (Q1)

PPFAS Results of Q1FY26 others The consolidated financial results for the quarter ending Jun 30, 2025 (Q1)

others
26/08/2025

PPFAS Results of Q1FY26 others The consolidated financial results for the quarter ending Jun 30, 2025 (Q1)

Avendus fund buys PPFAS stake worth Rs 140 crore from promoters - The Economic Times

Avendus fund buys PPFAS stake worth Rs 140 crore from promoters  The Economic Times

14 Jul 2026 Read More

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Current Price

₹18,750
+0.00%
Min lot: 1
Price/share₹18,750
Quantity100
Estimated Total₹18,75,000

Secure & Verified Transaction

Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.

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52 Week Range
₹15,950
₹21,000

About Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares

Indicative · updated daily

Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted share price today

Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted share price today is ₹18,750 as of 16 October 2026.

Parag Parikh Financial Advisory Services Ltd. (PPFAS) — frequently asked questions

What is the grey market price for Parag Parikh Financial Advisory Services Ltd. (PPFAS)?

No IPO is currently announced for Parag Parikh Financial Advisory Services Ltd. (PPFAS), so no grey market exists; the price above reflects Priveq's own desk valuation.

Has Parag Parikh Financial Advisory Services Ltd. (PPFAS) filed for an IPO, and when might it list?

Parag Parikh Financial Advisory Services Ltd. (PPFAS) has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.

How does Parag Parikh Financial Advisory Services Ltd. (PPFAS) compare to its listed peers?

There is no closely comparable listed company for Parag Parikh Financial Advisory Services Ltd. (PPFAS) in India today.

Is Parag Parikh Financial Advisory Services Ltd. (PPFAS) on the SME or Mainboard IPO track?

Parag Parikh Financial Advisory Services Ltd. (PPFAS) has not filed a draft red herring prospectus, so no IPO track is set yet.

What is Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s CIN and registered office?

Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s Corporate Identity Number is U67190MH1992PLC068970, registered at Mumbai, Maharashtra, India.

What is Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s market capitalisation?

Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s market capitalisation is approximately ₹16,577 crore, based on its current unlisted share price.

All Finance - Asset Management/Wealth Management →

Buying, selling and holding unlisted shares

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How do I buy Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares?

Priveq Investech Private Limited is the named counterparty on every transaction. To buy Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Parag Parikh Financial Advisory Services Ltd. (PPFAS) shares are transferred off-market straight to your demat account, with no pooling and no middlemen.

How do I sell Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares?

Submit an Express Sell Interest for Parag Parikh Financial Advisory Services Ltd. (PPFAS) through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Parag Parikh Financial Advisory Services Ltd. (PPFAS) shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.

What is the minimum investment for Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares?

Minimum investment varies by company and is shown as the Min Investment figure on this page. Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s minimum is ₹18,750.

Is there a maximum investment limit?

There's no fixed maximum investment limit for Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.

Is buying Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares legal in India?

Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.

What is the lock-in period for Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares?

Parag Parikh Financial Advisory Services Ltd. (PPFAS) has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.

What happens if Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s IPO is delayed or withdrawn?

If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.

How are capital gains on Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares taxed?

If you sell unlisted shares, including Parag Parikh Financial Advisory Services Ltd. (PPFAS), within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Parag Parikh Financial Advisory Services Ltd. (PPFAS) lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.

Can NRIs invest in Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares?

Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.

Does Priveq charge a platform fee on top of the share price?

No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.

How does Priveq determine the desk price for Parag Parikh Financial Advisory Services Ltd. (PPFAS)?

Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Parag Parikh Financial Advisory Services Ltd. (PPFAS) specifically, broader sentiment in the unlisted and pre-IPO market, how Parag Parikh Financial Advisory Services Ltd. (PPFAS)'s sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.

Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.

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Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.

Am I eligible to invest through Priveq if I'm not an HNI?

Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.

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