Nuvama Wealth Management Ltd

Nuvama Wealth Management Ltd

₹ 7,414 -1.87%
11 Jun - close price
About

Incorporated in 1993, Nuvama Wealth Management Ltd is in the business of
broking and trading in equity securities and is also registered as an Investment Adviser and Merchant Banker with SEBI[1]

Key Points

Business Overview:[1][2]
a) NWML is registered as a Trading cum Clearing Member with the NSE, BSE, MSEIL, MCX, NCEIL
b) Company is in the business of broking and trading in equity securities for institutional and non-institutional clients.
c) It is registered with SEBI to carry on business of Research Analyst, Investment Adviser and Merchant Banking.
NWML through its subsidiaries provides wealth management,
asset management and custody services to its clients, along with trading in securities and derivatives
d) Nuvama focuses on affluent, HNI and UHNI clients and caters to ~1.2 million affluent and HNI clients and 3,600+ families as of March 2024.

  • Market Cap 26,686 Cr.
  • Current Price 7,414
  • High / Low 7,800 / 4,568
  • Stock P/E 27.1
  • Book Value 970
  • Dividend Yield 1.95 %
  • ROCE 20.4 %
  • ROE 30.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.5% CAGR over last 5 years
  • Debtor days have improved from 96.0 to 65.8 days.

Cons

  • Stock is trading at 7.64 times its book value
  • Promoters have pledged 62.8% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
461 563 579 613 648 735 841 929 949 1,051 1,034 1,120
297 331 336 378 357 375 396 464 457 488 453 545
Operating Profit 163 231 243 235 290 360 445 465 493 563 582 575
OPM % 35% 41% 42% 38% 45% 49% 53% 50% 52% 54% 56% 51%
2 4 6 7 4 3 2 0 7 5 1 9
Interest 82 102 114 99 119 147 171 183 183 200 225 215
Depreciation 15 19 23 31 22 24 45 45 20 21 24 29
Profit before tax 69 113 112 112 153 191 231 237 297 347 334 340
Tax % 31% 25% 22% 24% 19% 24% 24% 24% 26% 26% 25% 25%
47 85 87 85 123 145 176 181 221 257 252 255
EPS in Rs 35.09 41.39 50.06 51.19 62.44 72.13 70.27 71.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
780 1,384 1,778 2,223 3,156 4,158
281 939 1,132 1,340 1,591 1,942
Operating Profit 499 444 646 883 1,565 2,216
OPM % 64% 32% 36% 40% 50% 53%
76 -565 638 8 3 18
Interest 200 246 278 396 620 822
Depreciation 15 50 71 89 136 94
Profit before tax 360 -417 935 406 812 1,318
Tax % 21% 14% 8% 25% 23% 25%
286 -475 857 305 625 985
EPS in Rs 177.10 274.13
Dividend Payout % 0% 0% 0% 0% 0% 78%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 33%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 52%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 46%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 24%
Last Year: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 26 35 35 35 35 36
Reserves 1,056 1,592 1,896 2,219 2,859 3,454
1,287 1,428 3,549 5,413 6,746 7,839
2,841 4,397 5,119 5,048 10,747 17,059
Total Liabilities 5,211 7,451 10,598 12,716 20,387 28,388
108 162 219 284 290 317
CWIP 4 22 18 25 8 0
Investments 665 25 70 170 170 221
4,434 7,242 10,292 12,237 19,920 27,850
Total Assets 5,211 7,451 10,598 12,716 20,387 28,388

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-500 -1,108 -1,425 -1,865 -1,658 -371
-112 -124 -81 -173 -79 -65
235 877 2,139 1,825 1,316 601
Net Cash Flow -376 -354 633 -212 -422 164

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 163 72 183 146 76 66
Inventory Days 1,378
Days Payable 748
Cash Conversion Cycle 793 72 183 146 76 66
Working Capital Days -912 -860 -503 -277 -964 -1,224
ROCE % 17% 14% 12% 17% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.19% 56.19% 55.95% 55.81% 55.68% 55.17% 54.93% 54.79%
9.40% 9.45% 7.16% 6.91% 6.73% 13.87% 15.46% 16.58%
0.79% 0.78% 0.92% 1.26% 1.43% 1.53% 4.71% 5.80%
32.17% 32.13% 35.95% 36.00% 36.15% 29.39% 24.90% 22.83%
1.43% 1.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 95,06794,90678,62779,22092,5911,10,2191,28,5251,33,244

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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