Strengths & Weaknesses

Strengths

International presence : In 2011, ASK entered international markets by establishing ASK Capital Management Pte. Ltd. in Singapore and a representative office in Dubai, UAE. With a presence in Dubai, Singapore, and GIFT City, ASK enhances its offshore growth and global investor reach. In 2021, it became the first PMS provider licensed in GIFT City.

Healthy AUM book : The company oversees total Assets Under Management (AUM) of ₹83,000 crore, comprising ₹35,000 crore in asset management, ₹3,000 crore in alternative asset management, and ₹45,000 crore in wealth management.

Strong market position: currently ASK investment managers are ranked 5th among its 23 competitor

Weaknesses

Recent Client Outflow: The firm has experienced a significant loss of clients, with over 3,700 departures this year, indicating challenges in retaining investor confidence.

Limited Brand Recognition: Compared to larger competitors in the asset management sector, ASK may have less brand visibility, impacting its ability to attract new clients.

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020
Equity Capital	1,558.47	1,388.66	1,061.49	14.46	14.50
Reserves	1.68	0.00	0.00	677.67	908.45
Total Equity	1,560.15	1,388.66	1,061.49	692.13	922.95
Borrowings	0.00	0.00	0.00	0.00	0.00
Provision	15.99	13.80	11.30	7.41	8.45
Other Non-Current Liabilities	55.20	69.31	45.14	68.39	51.15
Total Non current Liabilities	71.19	83.10	56.43	75.80	59.60
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	425.06	327.05	118.47	57.38	87.86
Trade Payables	75.08	95.96	48.36	64.71	30.81
Total current Liabilities	500.14	423.01	166.83	122.09	118.66
Equity + Liabilities	2,131.49	1,894.78	1,284.76	890.02	1,101.21
Fixed Assets (incl. WIP)	25.45	26.36	28.44	34.82	26.09
Other Non Current Assets	580.38	422.29	210.55	226.77	191.28
Total Non current Assets	605.83	448.65	238.98	261.60	217.38
Trade Receivables	224.74	210.14	231.97	184.72	251.57
Cash & Cash Equivalents	425.49	292.36	181.62	9.36	186.82
Other Current Assets	875.43	943.64	632.18	434.35	445.44
Total current Assets	1,525.66	1,446.13	1,045.77	628.43	883.83
Total Assets	2,131.49	1,894.78	1,284.76	890.02	1,101.21

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue from Operations	1,062.51	936.07	909.55	646.76	588.51
Growth %	13.51%	2.92%	40.63%	9.90%	0
Operating Expenses	592.49	515.44	518.16	370.84	359.82
Growth %	14.95%	-0.52%	39.73%	3.06%	0
Operating Profit	470.02	420.64	391.39	275.93	228.69
Op. Profit Margin %	44.24%	44.94%	43.03%	42.66%	38.86%
Other Income	58.21	37.71	36.26	42.96	14.20
Finance Costs	2.70	2.73	2.67	3.06	3.65
Depreciation	10.28	15.92	14.81	12.74	12.70
Exceptional Item	0.00	0.00	0.00	0.00	-10.83
Profit Before Tax	515.25	439.70	410.18	303.09	215.71
Tax	112.66	103.85	95.79	79.00	58.00
Tax %	10.60%	11.09%	10.53%	12.21%	9.85%
Share to associates	0.00	-1.33	-3.73	0.95	1.25
Profit After Tax	402.59	334.52	310.66	225.04	158.97
Growth %	20.35%	7.68%	38.05%	41.56%	0
PAT %	37.89%	35.74%	34.16%	34.79%	27.01%
Diluted EPS	43.77	37.02	37.60	26.29	18.66

Shareholding Pattern

Color	Shareholder	Holding
	SAMEER KISHORE KOTICHA	10.00%
	BCP TOPCO XII PTE. LTD.	78.00%
	FORTRESS TRUST	8.00%
	OTHERS	4.00%

Fundamentals

Quick Insights

Health Profitibility: ASK Investment Managers achieved a 17% revenue CAGR and a 21% PAT CAGR over the past three years. International presence : In 2011, ASK entered international markets by establishing ASK Capital Management Pte. Ltd. in Singapore and a representative office in Dubai, UAE. With a presence in Dubai, Singapore, and GIFT City, ASK enhances its offshore growth and global investor reach. In 2021, it became the first PMS provider licensed in GIFT City. Healthy AUM book : The company oversees total Assets Under Management (AUM) of ₹83,000 crore, comprising ₹35,000 crore in asset management, ₹3,000 crore in alternative asset management, and ₹45,000 crore in wealth management.

Market Cap₹12,433.54 Cr

PE Ratio33.88

EPS₹43.77

Dividend Yield-

Book Value₹186.09 Cr

Debt/Equity-

Price/Book7.97

Price/Sales-

Industry PE-

Sales₹1,062.51 Cr

Profit After Tax₹402.59 Cr

Share Capital₹1,558.47 Cr

Shares Outstanding-

ISININE925L01025

SectorFinancial Services

Symbol-

About Company

ASK Investment Managers Limited is one of India's largest domestic providers of discretionary equity Portfolio Management Services (PMS), catering to High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs)

Latest News

No news available.

Annual Reports

FY 2021 FY 2022 FY 2023 FY 2024

Board of Directors

Asit KotichaChief Investor & Promoter

Sameer KotichaFounder & Chairman

Bharat ShahExecutive Director

Senior Management

No senior management information available.

Quick Insights

Health Profitibility: ASK Investment Managers achieved a 17% revenue CAGR and a 21% PAT CAGR over the past three years. International presence : In 2011, ASK entered international markets by establishing ASK Capital Management Pte. Ltd. in Singapore and a representative office in Dubai, UAE. With a presence in Dubai, Singapore, and GIFT City, ASK enhances its offshore growth and global investor reach. In 2021, it became the first PMS provider licensed in GIFT City. Healthy AUM book : The company oversees total Assets Under Management (AUM) of ₹83,000 crore, comprising ₹35,000 crore in asset management, ₹3,000 crore in alternative asset management, and ₹45,000 crore in wealth management.

Balance Sheet

FY2024

FY2023

FY2022

FY2021

FY2020

Equity Capital

1,558.47

1,388.66

1,061.49

14.46

14.50

Reserves

1.68

0.00

677.67

908.45

Total Equity

1,560.15

1,388.66

1,061.49

692.13

922.95

Borrowings

0.00

Provision

15.99

13.80

11.30

7.41

8.45

Other Non-Current Liabilities

55.20

69.31

45.14

68.39

51.15

Total Non current Liabilities

71.19

83.10

56.43

75.80

59.60

Borrowings

0.00

Other Current Liabilities

425.06

327.05

118.47

57.38

87.86

Trade Payables

75.08

95.96

48.36

64.71

30.81

Total current Liabilities

500.14

423.01

166.83

122.09

118.66

Equity + Liabilities

2,131.49

1,894.78

1,284.76

890.02

1,101.21

Fixed Assets (incl. WIP)

25.45

26.36

28.44

34.82

26.09

Other Non Current Assets

580.38

422.29

210.55

226.77

191.28

Total Non current Assets

605.83

448.65

238.98

261.60

217.38

Trade Receivables

224.74

210.14

231.97

184.72

251.57

Cash & Cash Equivalents

425.49

292.36

181.62

9.36

186.82

Other Current Assets

875.43

943.64

632.18

434.35

445.44

Total current Assets

1,525.66

1,446.13

1,045.77

628.43

883.83

Total Assets

2,131.49

1,894.78

1,284.76

890.02

1,101.21

Profit & Loss

FY2024

FY2023

FY2022

FY2021

FY2020

Revenue from Operations

1,062.51

936.07

909.55

646.76

588.51

Growth %

13.51%

2.92%

40.63%

9.90%

Operating Expenses

592.49

515.44

518.16

370.84

359.82

Growth %

14.95%

-0.52%

39.73%

3.06%

Operating Profit

470.02

420.64

391.39

275.93

228.69

Op. Profit Margin %

44.24%

44.94%

43.03%

42.66%

38.86%

Other Income

58.21

37.71

36.26

42.96

14.20

Finance Costs

2.70

2.73

2.67

3.06

3.65

Depreciation

10.28

15.92

14.81

12.74

12.70

Exceptional Item

0.00

-10.83

Profit Before Tax

515.25

439.70

410.18

303.09

215.71

Tax

112.66

103.85

95.79

79.00

58.00

Tax %

10.60%

11.09%

10.53%

12.21%

9.85%

Share to associates

0.00

-1.33

-3.73

0.95

1.25

Profit After Tax

402.59

334.52

310.66

225.04

158.97

Growth %

20.35%

7.68%

38.05%

41.56%

PAT %

37.89%

35.74%

34.16%

34.79%

27.01%

Diluted EPS

43.77

37.02

37.60

26.29

18.66

Color

Shareholder

Holding

SAMEER KISHORE KOTICHA

10.00%

BCP TOPCO XII PTE. LTD.

78.00%

FORTRESS TRUST

8.00%

OTHERS

4.00%

FAQs – Buying Unlisted Shares

What are unlisted shares?+

Unlisted shares are stocks of companies that are not listed on any stock exchange like NSE or BSE. They are traded in the over-the-counter (OTC) market through dealers, brokers, and private transactions.

How is the price of an unlisted share decided?+

Unlike listed shares, there’s no central marketplace or live order book. Prices are based on demand and supply, dealer quotes, and recent transaction trends. This leads to price fragmentation — different dealers can quote very different prices for the same stock.

Why should I compare prices before buying?+

Because the same share can be available at a 5–20% price difference depending on the dealer. Not comparing means you could be paying a premium for no reason — directly impacting your returns.

Is buying unlisted shares risky?+

Yes, like any investment, unlisted shares carry risks — including liquidity risk (harder to sell), company performance risk, and price transparency issues. Comparing prices helps reduce one avoidable risk — overpaying.

How can I know if the price I’m getting is fair?+

You can check recent transaction prices, ask multiple dealers, and soon — use our price comparison platform to instantly see live market quotes.

What documents are required to buy unlisted shares?+

Typically: PAN Card Demat Account details KYC documents (address proof, ID proof)

How do I sell unlisted shares?+

You can sell them via a dealer, private buyer, or once the company gets listed on a stock exchange. Having access to multiple dealer quotes helps you get the best selling price.

Can dealers lose business if they don’t offer the best price?+

Absolutely. If an investor finds a better price elsewhere, they’ll switch — often for good. That’s why transparent pricing protects both investors and dealers.

How soon will I receive the shares after purchase?+

Usually within T+2 to T+7 days after payment and documentation, depending on the dealer and the company’s transfer process.

Do I need to be an accredited investor to buy unlisted shares?+

No, but you must meet the regulatory requirements under SEBI guidelines and have a valid Demat account.

Ask Investment Managers Limited

Strengths

Weaknesses

Quick Insights

Quick Insights

Strengths

Weaknesses

FAQs – Buying Unlisted Shares