Parag Parikh Financial Advisory Services Ltd (PPFAS) - Unlisted Shares
Fundamentals
- Current Price
- ₹8,050
- Market Cap
- ₹6,172.80 Cr
- ISIN
- INE0FGC01012
- Face Value
- ₹10
- P/E Ratio
- 64.26
- EPS
- ₹125.27
- P/B Ratio
- 20.15
- Book Value
- ₹399.47
- Debt / Equity Ratio
- 0.00
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|
| Net Revenue | 212.48 | 144.81 | 88.81 | 33.13 | 18.76 | 15.87 |
| Growth % | 46.73% | 63.06% | 168.05% | 76.59% | 18.22% | 0 |
| Total Operating Expenses | 67.20 | 41.41 | 32.82 | 18.99 | 14.39 | 14.47 |
| Growth % | 62.27% | 26.18% | 72.80% | 31.95% | -0.55% | 0 |
| Operating Profit (EBITDA) | 145.28 | 103.40 | 55.99 | 14.14 | 4.37 | 1.40 |
| Operating Profit Margin % | 68.37% | 71.40% | 63.04% | 42.67% | 23.28% | 8.80% |
| Other Income | 3.16 | 1.58 | 1.34 | 0.67 | 2.11 | 5.09 |
| Depreciation and Amortization Expense | 2.13 | 1.92 | 1.79 | 1.68 | 1.57 | 1.31 |
| Profit beofore Tax | 146.31 | 103.05 | 55.54 | 13.13 | 4.90 | 5.17 |
| Income Tax | 37.22 | 26.54 | 16.38 | 3.93 | 1.21 | 0.29 |
| Tax % | 25.44% | 25.75% | 29.49% | 29.97% | 24.77% | 5.63% |
| Profit After Tax | 109.09 | 76.51 | 39.16 | 9.19 | 3.69 | 4.88 |
| Growth % | 42.58% | 95.38% | 326.05% | 149.13% | -24.45% | 0 |
| PAT % | 51.34% | 52.84% | 44.10% | 27.74% | 19.67% | 30.77% |
| EPS | 125.27 | 92.29 | 48.43 | 12.42 | 5.15 | 6.80 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|
| Equity Capital | 7.67 | 7.67 | 7.66 | 7.40 | 7.17 | 7.17 |
| Reserves and Surplus | 298.65 | 193.77 | 116.98 | 75.60 | 63.44 | 59.75 |
| Total Equity | 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 |
| Other Long Term Liabilities | 1.08 | 0.91 | 0.68 | 0.66 | 0.52 | 0.26 |
| Total Non-Current Liabilities | 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 |
| Other Current Liabilities | 10.57 | 7.25 | 6.16 | 2.27 | 1.00 | 1.00 |
| Total Current Liabilities | 10.57 | 7.25 | 6.16 | 2.27 | 1.00 | 1.00 |
| Equity + Liabilities | 317.96 | 209.59 | 131.47 | 85.93 | 72.14 | 68.18 |
| Fixed Assets (incl. WIP) | 23.64 | 20.13 | 18.95 | 19.20 | 20.36 | 21.14 |
| Other Non Current Assets | 195.55 | 122.00 | 83.22 | 36.38 | 48.69 | 43.82 |
| Total Non Current Assets | 219.19 | 142.13 | 102.17 | 55.58 | 69.05 | 64.97 |
| Trade Receivables | 24.24 | 15.96 | 12.17 | 5.59 | 1.80 | 1.42 |
| Cash and Bank Balances | 1.24 | 0.50 | 0.66 | 0.73 | 0.53 | 0.94 |
| Other Current Assets | 73.30 | 51.01 | 16.47 | 24.03 | 0.76 | 0.85 |
| Total Current Assets | 98.77 | 67.46 | 29.30 | 30.35 | 3.09 | 3.21 |
| Total Assets | 317.96 | 209.59 | 131.47 | 85.93 | 72.14 | 68.18 |
Shareholding Pattern
- Neil Parag Parikh
- 43.31%%
- Geeta Parag Parikh
- 18.84%%
- Sahil Parag Parikh
- 14.86%%
- Rajeev Navinkumar Thakkar
- 5.89%%
- Empeegee Portfolio Management Services Pvt Ltd
- 4.56%%
- Suresh G Makhija
- 1.73%%
- Others
- 10.81%%
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. As of December 31, 2024, the AUM stood at ₹98,950 crore.
- 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.
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)
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
