
Parag Parikh Financial Advisory Services Ltd. (PPFAS)
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
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 2026Gross 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
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
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 144.81₹ Crore | 286.27₹ Crore | 428.84₹ Crore | 601.84₹ Crore |
| Other incomeDisclosed | 1.58₹ Crore | 16₹ Lakh | 25₹ Lakh | 38₹ Lakh |
| Total IncomeDerived | 146.39₹ Crore | 286.43₹ Crore | 429.09₹ Crore | 602.22₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Employee benefits expenseDisclosed | 28.69₹ Crore | 49.33₹ Crore | 62.91₹ Crore | 97.3₹ Crore |
| Finance costsDisclosed | 0₹ Crore | 18₹ Lakh | 76₹ Lakh | 1.3₹ Crore |
| Depreciation and amortization expenseDisclosed | 1.92₹ Crore | 2.93₹ Crore | 5.33₹ Crore | 7.63₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 12.72₹ Crore | 17.06₹ Crore | 24.33₹ Crore | 28.98₹ Crore |
| Total ExpensesDerived | 43.33₹ Crore | 69.5₹ Crore | 93.33₹ Crore | 135.21₹ Crore |
| Profit | ||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Profit before taxDerived | 103.06₹ Crore | 216.93₹ Crore | 335.76₹ Crore | 467.01₹ Crore |
| Tax expenseDisclosed | 26.54₹ Crore | 45.88₹ Crore | 89.15₹ Crore | 119.44₹ Crore |
| Profit After TaxDerived | 76.52₹ Crore | 171.05₹ Crore | 246.61₹ Crore | 347.57₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 8₹ Lakh | -21₹ Lakh | 9₹ Lakh |
| Total Comprehensive IncomeDerived | 76.52₹ Crore | 171.13₹ Crore | 246.4₹ Crore | 347.66₹ Crore |
Documents Library
Access all financial reports and filings
Annual Report
Quarterly Report
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)
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)
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)
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)
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)
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)
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)
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)
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)
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
Our research on this company
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Current Price
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About Parag Parikh Financial Advisory Services Ltd. (PPFAS) unlisted shares
Indicative · updated dailyParag 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.
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Applies to every company on Priveq- 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.
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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?
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- 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?
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- 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.
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