Trending Share

Ask Investment Managers (ASKIM) Unlisted Shares

118.9K

BUY

₹ 820.00

SELL

₹ 865.00

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As on May 30, 2026, we are buying shares of the ASK Investments Managers Unlisted Shares for ₹ 820.00 and selling them for ₹ 865.00 per share.

About Ask Investment Managers (ASKIM) Unlisted Shares

ASK Investment Managers Limited (ASKIM) is a leading asset and wealth management company in India, operating under a pure-play wealth advisory model. It focuses on long-term, stable annuity-based revenues instead of transactional broking or lending. The firm offers advisory-led services and follows an open architecture to drive growth in both asset and wealth segments. It caters to HNIs and ultra-HNIs through personalized investment strategies backed by a seasoned leadership team and a robust governance framework.

2. Business Division

a) Asset & Wealth Management
ASK offers a wide range of investment products across asset classes such as equities, PMS (Portfolio Management Services), AIFs (Alternative Investment Funds), and real estate, focusing on long-term wealth creation.

b) Distribution Network
With over 600 external distributors across India and a growing international presence, ASK has a multi-channel distribution model, including dependency on an affiliated bank for product placement.

c) Advisory Revenue Model
ASK earns the majority of its income (95%) from annuity-based advisory fees. It avoids lending or broking operations, ensuring predictable and recurring income.

3. Financial Performance (Key Points)

Revenue increased from ₹909 Cr in FY22 to ₹1,063 Cr in FY24, growing consistently year over year.
EBITDA margin remained strong above 43%, highlighting operational efficiency and low cost overheads.
Net Profit (PAT) rose from ₹310 Cr to ₹403 Cr between FY22 and FY24, with NPM at 37.91% in FY24.
EPS improved from ₹37.78 in FY22 to ₹47.78 in FY24, reflecting better returns per share.
Zero debt structure, with no borrowings reported over the three years, ensures financial stability.
Strong reserve base, growing from ₹1,045 Cr to ₹1,542 Cr, indicating retained earnings and reinvestment capability.
Investments surged to ₹1,127 Cr in FY24, showing growth in underlying asset strength.

Pros

High Annuity Revenue (95%): Ensures recurring, stable income with minimal fluctuations.
Experienced Leadership: Long-serving management with average tenure over 15 years.
Zero Debt: Strong balance sheet with no borrowings, enhancing long-term financial resilience.

Cons

Affiliated Bank Dependence: Relies heavily on bank-linked distribution, risking conflict of interest.
Limited Third-Party Reach: Asset management arm has constrained external distribution.
Potential Regulatory Impact: Changes in SEBI/RBI regulations may affect fee-based revenue structures.