Nuvama Wealth Management Ltd

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Nuvama Wealth Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Nuvama Wealth Management Ltd

₹ 1,714 1.56%
18 Sep - close price
nuvama.com BSE: 543988 NSE: NUVAMA
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 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.
d) NWML through its subsidiaries provides wealth management, asset management and custody services to its clients, along with trading
in securities and derivatives
e) Nuvama focuses on affluent, HNI and UHNI clients and caters to ~1.3+ million affluent and HNI clients and 4,500+ families as of Sep 2025.

Website BSE NSE
  • Market Cap ₹ 31,609 Cr.
  • Current Price ₹ 1,714
  • High / Low ₹ 2,067 / 1,097
  • Stock P/E 29.2
  • Book Value ₹ 226
  • Dividend Yield 1.62 %
  • ROCE 17.5 %
  • ROE 27.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 58.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
  • Company has been maintaining a healthy dividend payout of 33.1%

Cons

  • Stock is trading at 7.57 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.

Peer comparison

Financial Services Financial Services Capital Markets Stockbroking & Allied

Part of Nifty 500 Multicap 50:25:25 Nifty Total Market BSE Diversified Financials Revenue Growth Nifty MidSmallcap 400 BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
648 735 841 929 949 1,053 1,034 1,120 1,123 1,135 1,104 1,269 1,376
357 375 396 464 457 488 453 545 511 541 497 641 652
Operating Profit 290 360 445 465 493 565 582 575 612 593 607 629 724
OPM % 45% 49% 53% 50% 52% 54% 56% 51% 54% 52% 55% 50% 53%
4 3 2 0 7 4 1 9 3 8 2 20 8
Interest 119 147 171 183 183 200 225 215 240 237 242 258 295
Depreciation 22 24 45 45 20 21 24 29 24 25 27 36 27
Profit before tax 153 191 231 237 297 347 334 340 351 339 340 355 411
Tax % 19% 24% 24% 24% 26% 26% 25% 25% 25% 25% 25% 24% 26%
123 145 176 181 221 257 252 255 264 254 254 269 306
EPS in Rs 7.02 8.28 10.01 10.24 12.49 14.43 14.05 14.20 14.66 14.09 13.96 14.79 16.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
780 1,384 1,778 2,223 3,156 4,162 4,638 4,884
281 939 1,132 1,340 1,591 1,942 2,188 2,331
Operating Profit 499 444 646 883 1,565 2,220 2,450 2,553
OPM % 64% 32% 36% 40% 50% 53% 53% 52%
76 -565 638 8 3 14 25 38
Interest 200 246 278 396 620 822 977 1,032
Depreciation 15 50 71 89 136 94 113 115
Profit before tax 360 -417 935 406 812 1,318 1,385 1,445
Tax % 21% 14% 8% 25% 23% 25% 25%
286 -475 857 305 625 985 1,040 1,082
EPS in Rs 35.43 54.82 57.19 59.59
Dividend Payout % 0% 0% 0% 0% 0% 51% 49%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 28%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 59%
3 Years: 51%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 34%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 28%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 26 35 35 35 35 36 36
Reserves 1,056 1,592 1,896 2,219 2,859 3,454 4,085
1,287 1,428 3,549 5,413 6,746 7,839 11,544
2,841 4,397 5,119 5,048 10,747 17,059 18,827
Total Liabilities 5,211 7,451 10,598 12,716 20,387 28,388 34,491
108 162 219 284 290 312 280
CWIP 4 22 18 25 8 5 9
Investments 665 25 70 170 170 221 358
4,434 7,242 10,292 12,237 19,920 27,850 33,844
Total Assets 5,211 7,451 10,598 12,716 20,387 28,388 34,491

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-500 -1,108 -1,425 -1,865 -1,658 -373 -3,014
-112 -124 -81 -173 -79 -62 -119
235 877 2,139 1,825 1,316 601 3,181
Net Cash Flow -376 -354 633 -212 -422 166 48
Free Cash Flow -516 -1,127 -1,475 -1,942 -1,739 -405 -3,041
CFO/OP -99% -240% -210% -203% -93% -2% -109%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 163 72 183 146 74 66 78
Inventory Days 1,378
Days Payable 748
Cash Conversion Cycle 793 72 183 146 74 66 78
Working Capital Days -912 -860 -503 -277 -966 -1,234 -1,152
ROCE % 17% 14% 12% 17% 20% 18%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Asset Services - Assets under Custody & Clearing
₹ Crore

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Nuvama Private Client Assets
₹ Crore
Nuvama Wealth Client Assets
₹ Crore
Asset Management AUM
₹ Crore
Nuvama Private ARR Earning Assets
₹ Crore
Nuvama Private ARR Net New Money
₹ Crore
Nuvama Wealth MPIS Assets
₹ Crore
Nuvama Wealth MPIS Net New Money
₹ Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.19% 55.95% 55.81% 55.68% 55.17% 54.93% 54.79% 54.74% 54.64% 54.20% 54.13% 53.98%
9.45% 7.16% 6.91% 6.73% 13.87% 15.46% 16.58% 17.14% 16.30% 16.39% 16.94% 19.00%
0.78% 0.92% 1.26% 1.43% 1.53% 4.71% 5.80% 6.35% 7.59% 8.37% 8.30% 8.49%
32.13% 35.95% 36.00% 36.15% 29.39% 24.90% 22.83% 21.77% 21.46% 21.04% 20.62% 18.51%
1.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 94,90678,62779,22092,5911,10,2191,28,5251,33,2441,23,7791,31,0291,26,8101,22,5111,16,526

* 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.

Documents

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