Nuvama Wealth Management Limited
₹1,746.10-₹37.25 (-2.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹25,811 Cr
- P/E
- 51.4x
- EV / EBITDA
- 103.2x
- Revenue
- ₹1,354 Cr
- Net margin
- 15.0%
- ROCE
- 10.7%
Price chart
Technical chartScreen technicals →+20.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +5.8%
- 3M
- -2.7%
- 6M
- +31.6%
- 1Y
- +20.8%
- 5Y
- +260.0%
52-week range
Day change -₹37.25 (-2.1%) from ₹1,783 to ₹1,746 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NUVAMA, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 30.9%
Concerns1
- Effective tax rate seems low at 9.0%
Rule-based from financial data. Not advice.
About the company
Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India and internationally.
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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.
- Sector
- Financial Services
- Shares outstanding
- 18.2 Cr shares
- ISIN
- INE531F01023
- BSE code
- 543988
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹25,811 Cr
- P/E
- 51.4x
- P/B
- 12.9x
- EV / EBITDA
- 103.2x
- EV / Sales
- 39.4x
- P/S
- 39.5x
- Earnings yield
- 1.9%
- 52-week high
- ₹1,979.80
- 52-week low
- ₹1,109.80
Profitability
- Operating margin
- 38.2%
- Net margin
- 15.0%
- EBITDA margin
- 38.2%
- ROE
- 30.9%
- ROCE
- 10.7%
- ROA
- 2.2%
- Dividend payout
- 0.0%
- Tax rate
- 9.0%
- Other income, % of PBT
- 0.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,354 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 107.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹250 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 201.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 510.2%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹172 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -36.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹66.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 101.9%
Solvency and efficiency
- Current ratio
- 1.99
- Debt / Assets
- 0.13
- Debt / EBITDA
- 2.38
- Financial leverage
- 2.63
- CFO / Net profit
- -1.76
- Cash / Market cap
- 12.0%
- Cash per share
- ₹169.72
- Asset turnover
- 0.14
- Fixed asset turnover
- 4.92
- Capital intensity
- 0.20
- Debtor days
- 89 days
- Cash conversion cycle
- 89 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹44 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹571 Cr |
| Sales | Operating profit | ₹783 Cr |
| Operating profit | Interest | ₹111 Cr |
| Operating profit | Depreciation | ₹16 Cr |
| Operating profit | Profit before tax | ₹656 Cr |
| Other income | Profit before tax | ₹3 Cr |
| Profit before tax | Tax and other | ₹60 Cr |
| Profit before tax | Net profit | ₹598 Cr |
Revenue and net profit
Revenue grew 107.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹565 Cr | ₹64 Cr |
| FY2022 | ₹361 Cr | ₹188 Cr |
| FY2023 | ₹351 Cr | ₹6 Cr |
| FY2024 | ₹654 Cr | ₹98 Cr |
| FY2025 | ₹1,354 Cr | ₹598 Cr |
Cash flows
FY2025: ₹57.0 Cr from operations, ₹452 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹301 Cr | -₹199 Cr |
| FY2022 | ₹178 Cr | ₹48 Cr |
| FY2023 | -₹270 Cr | -₹352 Cr |
| FY2024 | -₹172 Cr | -₹254 Cr |
| FY2025 | ₹57 Cr | ₹452 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,354 Cr+107.0%1Y
- Net profit
- ₹598 Cr+510.2%1Y
- Cash from operations
- ₹57 Cr
- Free cash flow
- ₹452 Cr
- Revenue CAGR, 5Y
- 13.4%
- EBITDA CAGR, 5Y
- 8.7%
- Net profit CAGR, 5Y
- 9.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,354 Cr | ₹783 Cr | — | ₹598 Cr | ₹57 Cr | ₹452 Cr | 30.9% | +107.0% | +510.2% |
Monthly returns
Month-by-month returns of NUVAMA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹7,285 Cr |
| Equity capital | ₹36 Cr |
| Reserves | ₹1,899 Cr |
| Borrowings | ₹757 Cr |
| Other liabilities | ₹4,593 Cr |
| Assets | ₹7,285 Cr |
| Fixed assets | ₹157 Cr |
| Capital work in progress | ₹1 Cr |
| Investments | ₹1,356 Cr |
| Other assets | ₹5,771 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NUVAMA trades at 51.4x earnings against a peer median of 26.9x (a 91% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Nuvama Wealth Management LimitedNUVAMAthis companyP/E ↑ premium | ₹25,811 Cr | 51.4x | 12.9x | 30.9% | 103.2x |
| Lic Housing Finance Ltd.LICHSGFIN | ₹28,667 Cr | 5.2x | 0.7x | 15.0% | — |
| IIFL FINANCE LIMITEDIIFL | ₹27,083 Cr | 68.1x | 3.9x | -6.3% | — |
| Star Health and Allied Insurance Company LimitedSTARHEALTH | ₹26,410 Cr | 49.5x | 3.5x | 9.2% | 22.3x |
| Anand Rathi Wealth LimitedANANDRATHI | ₹26,202 Cr | 72.4x | 31.5x | 42.0% | 81.7x |
| Manappuram Finance LimitedMANAPPURAM | ₹26,070 Cr | 15.9x | 2.1x | 15.1% | — |
| PNB Housing Finance LimitedPNBHOUSING | ₹25,224 Cr | 11.5x | 1.4x | 11.6% | — |
| The New India Assurance Company LimitedNIACL | ₹24,649 Cr | 21.4x | 0.9x | 3.5% | 13.1x |
| Aditya Birla Sun Life AMC LimitedABSLAMC | ₹23,756 Cr | 24.5x | 6.7x | 25.0% | 22.9x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
NUVAMA since 1 January, against earlier years.
Historical volatility
NUVAMA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 59.0% |
| FY2022 | 16.0% |
| FY2023 | 12.0% |
| FY2024 | 38.0% |
| FY2025 | 58.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,354 Cr |
| Costs | |
| Interest | ₹111 Cr |
| Expenses | ₹572 Cr |
| Operating profitOperating Profit | ₹783 Cr |
| Other income and charges | |
| Profit before tax | ₹658 Cr |
| Tax | |
| Net profitNet Profit | ₹598 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹7,285 Cr |
| Equity capitalEquity Capital | ₹36 Cr |
| Reserves | ₹1,899 Cr |
| Borrowings | ₹757 Cr |
| Other liabilitiesOther Liabilities | ₹4,593 Cr |
| AssetsTotal Assets | ₹7,285 Cr |
| Fixed assetsFixed Assets | ₹157 Cr |
| Capital work in progressCWIP | ₹1 Cr |
| Investments | ₹1,356 Cr |
| Other assetsOther Assets | ₹5,771 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹57 Cr |
| Investing cash flowCash from Investing Activity | ₹395 Cr |
| Financing cash flowCash from Financing Activity | -₹386 Cr |
| Change in cashNet Cash Flow | ₹66 Cr |
Learn while you research
Academy chapters picked for Nuvama Wealth Management Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 51.4, learn when high multiples are justified.6 min read
- 04 Growth Investing107% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read