| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 909 | 936 | 1063 | 1038 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| Employee Benefit Expenses | 240 | 175 | 232 | 275 |
| Other Expenses | 278 | 340 | 360 | 387 |
| EBITDA | 391 | 421 | 471 | 376 |
| OPM | 43.01 | 44.98 | 44.31 | 36.22 |
| Other Income | 32 | 37 | 58 | 74 |
| Finance Cost | 2 | 3 | 3 | 5 |
| D&A | 15 | 16 | 10 | 16 |
| EBIT | 376 | 405 | 461 | 360 |
| EBIT Margins | 41.36 | 43.27 | 43.37 | 34.68 |
| PBT | 406 | 439 | 516 | 429 |
| PBT Margins | 44.66 | 46.9 | 48.54 | 41.33 |
| Tax | 96 | 104 | 113 | -14 |
| PAT | 310 | 335 | 403 | 443 |
| NPM | 34.1 | 35.79 | 37.91 | 42.68 |
| EPS | 37.78 | 40.02 | 47.78 | 50.86 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 43.01 | 44.98 | 44.31 | 36.22 |
| Net Profit Margin | 34.1 | 35.79 | 37.91 | 42.68 |
| Earning Per Share (Diluted) | 37.78 | 40.02 | 47.78 | 50.86 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 34 | 29 | 25 | 19 |
| CWIP | 1 | 1 | 0 | 0.39 |
| Investments | 621 | 895 | 1127 | 1393 |
| Trade Receivables | 232 | 210 | 225 | 169 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 397 | 760 | 754 | 618.61 |
| Total Assets | 1285 | 1895 | 2131 | 2200 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 16.41 | 16.74 | 16.87 | 17.42 |
| FV | 2 | 2 | 2 | 2 |
| Reserves | 1045 | 1372 | 1542 | 1796 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 48 | 96 | 75 | 66 |
| Other Liabilities | 175.59 | 410.26 | 497.13 | 320.58 |
| Total Liabilities | 1285 | 1895 | 2131 | 2200 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | 410 | 440 | 515 | 429 |
| OPBWC | 433 | 422 | 446 | 411 |
| Change in Receivables | 18 | 22 | -15 | 55 |
| Change in Inventories | 0 | 0 | 0 | 0 |
| Change in Payables | 17 | 48 | -21 | -9 |
| Other Changes | 7 | -43 | 140 | -185 |
| Working Capital Change | 42 | 27 | 104 | -139 |
| Cash Generated From Operations | 475 | 449 | 550 | 272 |
| Tax | -112 | -59 | -39 | -61 |
| Cash Flow From Operations | 363 | 390 | 511 | 211 |
| Purchase of PPE | -9.8 | -5.5 | -4 | -17 |
| Sale of PPE | 0 | 0 | 1 | 0 |
| Cash Flow From Investment | -196 | -274 | -257 | -60 |
| Borrowing | 0 | 0 | 0 | 40 |
| Dividend | 245 | 58 | 192 | -222.6 |
| Equity | 75.53 | 17.57 | 5.36 | 26 |
| Others From Financing | -498.53 | -87.57 | -431.36 | -10.4 |
| Cash Flow from Financing | -178 | -12 | -234 | -167 |
| Net Cash Generated | -11 | 104 | 20 | -16 |
| Cash at the Start | 30 | 19 | 122 | 143 |
| Cash at the End | 19 | 123 | 142 | 127 |
Established as part of the ASK Asset & Wealth Management Group, ASK Investment Managers Limited (ASK IM) is a prominent Indian asset and wealth management firm focusing on high-net-worth (HNI) and ultra-HNI clients through discretionary portfolio management services (PMS), alternative investment funds (AIFs), and wealth advisory solutions. With over 29 years of industry presence, ASK IM was among the first in India to obtain a PMS licence and has grown significantly, reporting assets under management (AUM) of approximately Rs 15,212 crore as of September 2025. The firm’s investment philosophy emphasises capital preservation first, followed by long-term growth, prioritising high-quality businesses run by high-quality management, and buying them at reasonable valuations.
In addition to its core capabilities in equities, ASK IM has undertaken several industry-first initiatives: it was the first PMS company to set up operations in the GIFT City (Gandhinagar, Gujarat) for overseas investors and launched India’s first AIF with fully digital client onboarding. Backed by institutional investment (with a majority stake held by the Blackstone Group), ASK IM continues to expand into newer product lines including offshore funds, hedge-fund-style offerings and mutual fund ambitions. Financially, the company has built a strong foundation: it is debt-free, showing robust margins and recurring fee-based revenues through its advisory and portfolio services.
Overall, ASK Investment Managers stands out in the Indian wealth and asset management space for its clarity of investment approach, institutional backing, and focus on premium client segments — positioning it as a noteworthy player for those looking at professionally managed discretionary equity exposure.
1. What are ASK Investment Managers Limited's unlisted shares?
ASK Investment Managers Limited unlisted shares are equity shares of the company that are not traded on stock exchanges like NSE or BSE and are bought or sold through private transactions.
2. Is ASK Investment Managers Limited a publicly listed company?
No, ASK Investment Managers Limited is currently an unlisted company, meaning its shares are not available for trading on public stock exchanges.
3. How can investors buy ASK Investment Managers Limited unlisted shares?
Investors can buy unlisted shares through private dealers, wealth managers, or specialized unlisted share platforms, subject to availability and compliance with transfer rules.
4. What is the minimum investment for ASK Investment Managers Limited unlisted shares?
The minimum investment varies by seller and lot size, as unlisted share transactions are privately negotiated and not standardized like listed stocks.
5. Are unlisted shares of ASK Investment Managers Limited safe to invest in?
Unlisted shares carry higher risk due to lower liquidity, limited public disclosures, and price volatility. Investors should conduct due diligence before investing.
6. How is the price of ASK Investment Managers Limited unlisted shares determined?
Prices are based on private market demand and supply, company financial performance, growth prospects, and recent transaction trends rather than exchange-based trading.
7. Can ASK Investment Managers Limited unlisted shares be sold easily?
No, unlisted shares are less liquid than listed shares. Selling may take time and depends on finding a willing buyer in the private market.
8. Are there any lock-in periods for unlisted shares?
Certain unlisted shares may have contractual or regulatory lock-in periods, especially before a company’s IPO, restricting immediate resale.
9. How are gains from unlisted shares taxed in India?
Profits from unlisted shares are taxed as capital gains in India, with different rates for short-term and long-term holdings based on the holding period.
10. Is there a possibility of ASK Investment Managers Limited going public in the future?
An IPO is possible but not guaranteed. Any public listing would depend on the company’s strategic decisions, regulatory approvals, and market conditions.