Nuvama Wealth Management Ltd
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]
- Market Cap ₹ 25,720 Cr.
- Current Price ₹ 7,078
- High / Low ₹ 8,510 / 4,568
- Stock P/E 25.1
- Book Value ₹ 1,051
- Dividend Yield 2.04 %
- ROCE 20.4 %
- ROE 30.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 28.6% CAGR over last 5 years
- Debtor days have improved from 95.3 to 65.8 days.
Cons
- Promoters have pledged or encumbered 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 BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 780 | 1,384 | 1,778 | 2,223 | 3,156 | 4,162 | 4,412 | |
| 281 | 939 | 1,132 | 1,340 | 1,591 | 1,942 | 2,050 | |
| Operating Profit | 499 | 444 | 646 | 883 | 1,565 | 2,220 | 2,361 |
| OPM % | 64% | 32% | 36% | 40% | 50% | 53% | 54% |
| 76 | -565 | 638 | 8 | 3 | 14 | 21 | |
| Interest | 200 | 246 | 278 | 396 | 620 | 822 | 916 |
| Depreciation | 15 | 50 | 71 | 89 | 136 | 94 | 102 |
| Profit before tax | 360 | -417 | 935 | 406 | 812 | 1,318 | 1,364 |
| Tax % | 21% | 14% | 8% | 25% | 23% | 25% | |
| 286 | -475 | 857 | 305 | 625 | 985 | 1,025 | |
| EPS in Rs | 177.10 | 274.13 | 285.05 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 53% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 33% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 53% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 5% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 35 | 35 | 35 | 35 | 36 | 36 |
| Reserves | 1,056 | 1,592 | 1,896 | 2,219 | 2,859 | 3,454 | 3,754 |
| 1,287 | 1,428 | 3,549 | 5,413 | 6,746 | 7,839 | 8,975 | |
| 2,841 | 4,397 | 5,119 | 5,048 | 10,747 | 17,059 | 11,492 | |
| Total Liabilities | 5,211 | 7,451 | 10,598 | 12,716 | 20,387 | 28,388 | 24,256 |
| 108 | 162 | 219 | 284 | 290 | 312 | 313 | |
| CWIP | 4 | 22 | 18 | 25 | 8 | 5 | 0 |
| Investments | 665 | 25 | 70 | 170 | 170 | 221 | 336 |
| 4,434 | 7,242 | 10,292 | 12,237 | 19,920 | 27,850 | 23,606 | |
| Total Assets | 5,211 | 7,451 | 10,598 | 12,716 | 20,387 | 28,388 | 24,256 |
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 | -63 | |
| 235 | 877 | 2,139 | 1,825 | 1,316 | 601 | |
| Net Cash Flow | -376 | -354 | 633 | -212 | -422 | 166 |
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 | 74 | 66 |
| Inventory Days | 1,378 | |||||
| Days Payable | 748 | |||||
| Cash Conversion Cycle | 793 | 72 | 183 | 146 | 74 | 66 |
| Working Capital Days | -912 | -860 | -503 | -277 | -966 | -1,234 |
| ROCE % | 17% | 14% | 12% | 17% | 20% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1h
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 24 Nov
-
Incorporation Of A Wholly Owned Subsidiary
21 Nov - Wholly owned subsidiary Nuvama Mutual Fund Trusteeship Services Ltd incorporated Nov 20, 2025; subscribed capital Rs.50,00,000.
- Investor Presentation (In US Dollars) On The Unaudited Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2025 18 Nov
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 13 Nov
Annual reports
Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT REC
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Jun 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023TranscriptAI SummaryPPT
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.