Parag Parikh Financial Advisory Services Ltd (PPFAS)

Platform	Last Traded Price	Min Quantity

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

Balance Sheet	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

Profit & Loss	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

Shareholding Pattern

Color	Shareholder	Holding
	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%

Fundamentals

Quick Insights

1. 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. 2. Expansion of Investor Base: The number of investors in PPFAS Mutual Fund schemes grew from 23.1 Lacs in FY23 to 33.75 in FY24. This expansion signifies the company's growing popularity and the effectiveness of its client acquisition strategies. 3. 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. 4. Diverse Offerings: PPFAS Mutual Fund offers a range of 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.

Market Cap₹9,968.5 Cr

PE Ratio103.78

EPS₹125.27

Dividend Yield-

Book Value₹399.47 Cr

Debt/Equity-

Price/Book32.54

Price/Sales-

Industry PE-

Sales₹212.48 Cr

Profit After Tax₹109.1 Cr

Share Capital₹7.67 Cr

Shares Outstanding-

ISININE0FGC01012

SectorFinancial Services

Symbol-

About Company

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.

Quick Insights

1. 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. 2. Expansion of Investor Base: The number of investors in PPFAS Mutual Fund schemes grew from 23.1 Lacs in FY23 to 33.75 in FY24. This expansion signifies the company's growing popularity and the effectiveness of its client acquisition strategies. 3. 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. 4. Diverse Offerings: PPFAS Mutual Fund offers a range of 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.

Market Cap₹9,968.5 Cr

PE Ratio103.78

EPS₹125.27

Dividend Yield-

Book Value₹399.47 Cr

Debt/Equity-

Price/Book32.54

Price/Sales-

Industry PE-

Sales₹212.48 Cr

Profit After Tax₹109.1 Cr

Share Capital₹7.67 Cr

Shares Outstanding-

ISININE0FGC01012

SectorFinancial Services

Symbol-

About Company

Strengths

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.

Annual Reports

FY FY FY FY FY

Balance Sheet	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

Profit & Loss	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

Shareholding Pattern

Color	Shareholder	Holding
	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%

Board of Directors

Rajeev ThakkarDirector

Neil ParikhDirector

Sahil ParikhDirector

Suneel GautamDirector

Shashi KatariaDirector

Dipti NeelakantanDirector

Hitesh GajariaDirector

Senior Management

Rajdeep JadejaCompany Secretary