Nuvama Wealth Management Limited NUVAMA NIFTY_SMALLNSEFINANCIAL

Financial Services · Asset Management · India

https://www.nuvama.com

Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India and internationally. The company offers wealth management business, which includes the distribution of financial products, investment advisory, lending against securities and securities broking for clients in the wealth management business; and the asset management business comprises investment management for alternative investment funds (AIFs) and portfolio management services (PMS) across strategies. It also provides capital market business, such as institutional broking business, merchant banking business, advisory and clearing services. The company was formerly known as Edelweiss Securities Limited and changed its name to Nuvama Wealth Management Limited in August 2022. Nuvama Wealth Management Limited was incorporated in 1993 and is based in Mumbai, India. Nuvama Wealth Management Limited operates as a subsidiary of PAGAC Ecstasy Pte. Ltd.

Market & Price

Market Cap

₹28,332.81 Cr

Current Price

₹1,554.60

High / Low (52W)

₹1,626.41 / ₹1,100.08

Beta

0.33

Valuation

Stock P/E

27.70

Industry PE

19.12

Forward P/E

19.90

PEG Ratio

Book Value

₹210.38

Price to Book

7.39

P/S

7.75

EV/EBITDA

Dividend Yield

1.80%

Profitability & Returns

ROCE

7.36%

ROE

27.32%

ROA

3.31%

Profit Margin

28.49%

Op Margin

33.10%

EPS (Latest Qtr)

₹14.40

EPS (TTM)

₹56.12

Balance Sheet & Liquidity

Debt/Equity

2.82

Quick Ratio

9.44

Current Ratio

9.63

Debt

₹11,640.70 Cr

Total Assets

₹34,491.27 Cr

Current Assets

₹32,416.54 Cr

Working Capital

₹30,015.25 Cr

Ownership

Promoter Holding

59.01%

Chg in Prom Hold

FII / Inst Holding

23.04%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹15,641.30 Cr

Total Revenue (TTM)

₹3,654.02 Cr

EBITDA

Free Cash Flow

Operating Cash Flow

₹-3,013.53 Cr

Shares Outstanding

₹18.23 Cr

Gross Margin

90.18%

Payout Ratio

49.59%

Growth (CAGR)

Revenue 5Y

19.96%

Profit 5Y

50.55%

Revenue (YoY)

6.20%

Earnings (YoY)

4.30%

PROS

Strong return on equity of 27.3%.
Excellent profit margin of 28.5%.
Compounding revenue at 20.0% over 5 years.
Profit CAGR of 50.5% over 5 years.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	NUVAMA Nuvama Wealth Management Limited NIFTY_SMALLNSEFINANCIAL	1,554.60	27.70	₹28,332.81 Cr	1.80%	7.36%	27.32%	19.96%	50.55%
2	HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL	744.55	16.61	₹11.46 L Cr	1.75%	-	13.82%	32.50%	20.39%
3	ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL	1,256.40	16.81	₹9.01 L Cr	0.88%	-	16.36%	19.65%	16.78%
4	SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU	964.40	10.58	₹8.90 L Cr	1.80%	-	15.48%	12.19%	14.39%
5	KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL	384.20	19.80	₹3.82 L Cr	0.13%	-	11.39%	14.58%	8.92%
6	LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU	411.35	9.06	₹2.60 L Cr	2.43%	-	42.36%	7.61%	16.86%
7	SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL	947.15	17.79	₹2.23 L Cr	1.46%	-	16.38%	15.48%	18.59%
8	SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL	1,830.10	74.06	₹1.84 L Cr	0.15%	-	13.70%	11.67%	12.81%
9	ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL	3,538.50	53.19	₹1.75 L Cr	0.70%	98.30%	85.80%	28.94%	29.58%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	514.93 Cr	574.76 Cr	527.94 Cr	-	548.32 Cr	643.64 Cr
Cost of Revenue	-	349.36 Cr	388.65 Cr	383.96 Cr	-	372.25 Cr	447.57 Cr
Gross Profit	-	165.57 Cr	186.11 Cr	143.98 Cr	-	176.07 Cr	196.07 Cr
Operating Expenses	-	128.31 Cr	178.38 Cr	147.56 Cr	-	150.93 Cr	216.13 Cr
Operating Income	-	37.26 Cr	7.73 Cr	-3.58 Cr	-	25.14 Cr	-20.06 Cr
EBITDA	-	582.99 Cr	583.47 Cr	615.06 Cr	-	609.02 Cr	648.87 Cr
Interest Expense	-	224.87 Cr	214.74 Cr	240.07 Cr	-	242.40 Cr	257.62 Cr
Pretax Income	-	334.08 Cr	340.06 Cr	350.72 Cr	-	339.98 Cr	355.04 Cr
Tax Provision	-	82.37 Cr	84.79 Cr	86.85 Cr	-	86.36 Cr	86.25 Cr
Net Income	-	252.10 Cr	255.41 Cr	263.96 Cr	-	253.80 Cr	269.15 Cr
Diluted EPS	-	-	13.81	14.14	13.63	13.62	14.40

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	1,322.95 Cr	1,738.45 Cr	2,139.54 Cr	2,283.52 Cr
Cost of Revenue	909.59 Cr	1,100.79 Cr	1,460.17 Cr	1,620.81 Cr
Gross Profit	413.36 Cr	637.67 Cr	679.37 Cr	662.71 Cr
Operating Expenses	509.76 Cr	585.69 Cr	557.84 Cr	668.35 Cr
Operating Income	-96.40 Cr	51.97 Cr	121.53 Cr	-5.64 Cr
EBITDA	874.18 Cr	1,533.82 Cr	2,237.29 Cr	2,477.24 Cr
Interest Expense	379.51 Cr	583.81 Cr	821.96 Cr	976.67 Cr
Pretax Income	406.09 Cr	812.00 Cr	1,318.30 Cr	1,384.97 Cr
Tax Provision	101.03 Cr	187.16 Cr	333.24 Cr	344.71 Cr
Net Income	305.09 Cr	625.32 Cr	986.17 Cr	1,041.04 Cr
Diluted EPS	17.40	34.83	53.71	-

Compounded Sales Growth

5 Years:	19.96%
1 Year:	6.20%

Compounded Profit Growth

5 Years:	50.55%
1 Year:	4.30%

Stock Price Performance

1 Year:	+14.91%
6 Months:	+12.55%
3 Months:	+23.02%
1 Month:	+18.32%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	12,715.68 Cr	20,386.94 Cr	28,387.64 Cr	34,491.27 Cr
Current Assets	11,119.09 Cr	19,627.26 Cr	27,636.34 Cr	32,416.54 Cr
Cash & Equivalents	788.20 Cr	366.55 Cr	532.58 Cr	580.98 Cr
Inventory	-	-	-	-
Receivables	875.53 Cr	597.19 Cr	739.15 Cr	997.29 Cr
Total Liabilities	10,456.88 Cr	17,488.08 Cr	24,894.53 Cr	30,368.13 Cr
Current Liabilities	7,463.60 Cr	13,728.91 Cr	21,430.59 Cr	2,401.29 Cr
Long Term Debt	2,792.79 Cr	3,553.08 Cr	3,257.18 Cr	11,543.52 Cr
Total Debt	5,397.98 Cr	6,745.70 Cr	7,838.83 Cr	11,543.52 Cr
Total Equity	2,254.24 Cr	2,894.78 Cr	3,490.14 Cr	4,120.94 Cr
Shares Outstanding	17.54 Cr	17.65 Cr	17.99 Cr	18.20 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-1,864.91 Cr	-1,658.45 Cr	-372.60 Cr	-3,013.53 Cr
Investing Cash Flow	-177.24 Cr	-79.78 Cr	-63.72 Cr	-127.65 Cr
Financing Cash Flow	1,825.16 Cr	1,315.83 Cr	600.53 Cr	3,181.11 Cr
Capital Expenditure	-78.88 Cr	-80.94 Cr	-33.10 Cr	-28.68 Cr
Free Cash Flow	-1,943.79 Cr	-1,739.39 Cr	-405.70 Cr	-3,042.21 Cr
Net Change in Cash	-216.99 Cr	-422.39 Cr	164.21 Cr	39.93 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	31.2%	36.7%	31.8%	29.0%
Operating Margin %	-7.3%	3.0%	5.7%	-0.2%
Net Margin %	23.1%	36.0%	46.1%	45.6%
ROE %	13.5%	21.6%	28.3%	25.3%
ROCE %	-1.8%	0.8%	1.7%	-0.0%

Shareholding Pattern

Insiders

59.01%

Institutions

23.04%

Public Float

56.21%

Analyst View

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NUVAMA · Financial Services