NUVAMAFinancial Services

Nuvama Wealth Management Limited

Stockbroking & Allied · ISIN INE531F01023 · BSE 543988 · NSE EQ · FV ₹2
Last price
₹1,687
-0.92%today
What this company does

Nuvama Wealth Management Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹1,376 cr of revenue in its latest quarter (Q1 FY27) and kept 22.2% of sales as profit. It is the 4th largest of 9 Stockbroking & Allied companies we track, by market value.

Our Business Segments One Nuvama The strength of our franchise lies in the synergies across Wealth Management, Asset Management, Asset Services, and Capital Markets, which come together as a unified platform. Each business brings its own expertise, yet Wealth collectively they enable us to deliver the right solutions to clients while fully harnessing our platform capabilities.
In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 26–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns76

How much profit it earns on the money it employs

Cash quality15

Whether reported profit actually arrives as cash

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk42

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 22% net margin
Sales up 23% vs last year
Profit up 16% vs last year
Promoters hold 54%
Strong 30% return on equity
Watch-outs
! 62.8% of promoter stake pledged
! Operating cash flow is negative

What if I invest in NUVAMA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,687 -0.92%
latest close · 2026-09-17
52-wk low ₹1,57942 sessions so far52-wk high ₹2,066
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.1Average
LowAverageHigh
P/B ratio7.47High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity29.7%Strong
WeakFairStrong ▸15%
Net margin22.2%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.24Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹30,803 cr
Book value
₹226
EPS
₹16.78
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
3.5%
Earnings yield
3.98%
P/S
5.60
Sales / share
₹301.6
Tax rate
25.7%
Face value
₹2
Shares
18.3 cr
Working capital
Current assets
Current liabilities
Delivery %
50.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹681 vs market price ₹1,687 — price is 148% above it
Safety cushion-147.8%(target ≥ +20%)
Models span ₹593₹769, midpoint ₹681
Model ₹681
Price ₹1,687
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,376 cr
Other Income₹6 cr
Total Income₹1,382 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹376 cr
Finance Costs₹295 cr
Depreciation & Amortisation₹27 cr
Other Expenses₹181 cr
Total Expenses₹974 cr
Profit before Tax₹408 cr
Tax Expense₹105 cr
Share of JV / Associates₹2 cr
Net Profit₹306 cr
Net margin on total income22.1%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹376 cr27.2%
Finance costs₹295 cr21.3%
Depreciation & amortisation₹27 cr1.9%
Other expenses₹276 cr19.9%
Tax expense₹105 cr7.6%
Profit for the period₹306 cr22.1%
Total income ₹1,382 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,104 cr1,269 cr1,376 cr
Total income1,106 cr1,281 cr1,382 cr
Expenses765 cr934 cr974 cr
Profit before tax341 cr347 cr408 cr
Tax86 cr86 cr105 cr
Net profit (owners' share)254 cr269 cr306 cr
Net margin (owners' share, on revenue)23.0%21.2%22.2%
EPS (₹)14.0214.7916.78
YoY (latest quarter): total income +22.9% · net profit +15.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹34,491 cr
Shareholder equity
₹4,121 cr
parent shareholders
Total debt
₹1,002 cr
Cash
₹581 cr
Cash flow · H1 FY26
Operating
₹-1,054 cr
Investing
₹-103 cr
Financing
₹863 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹187₹1.17 L cr39.4
Motilal Oswal Financial Services Limited₹989₹59,534 cr11.7
360 ONE WAM LIMITED₹1,061₹43,163 cr32.6
Nuvama Wealth Management Limitedthis company₹1,687₹30,803 cr25.1
Angel One Limited₹295₹26,949 cr29.0
IIFL Capital Services Limited₹337₹10,562 cr14.2
Share India Securities Limited₹218₹4,780 cr9.6
Anand Rathi Share and Stock Brokers Limited₹501₹3,155 cr33.7
Monarch Networth Capital Limited₹368₹2,917 cr16.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
4.98%
trailing 12 months
Dividend / share (TTM)
₹84
Last dividend
₹14
ex 15 May 2026
ActionDetailEx-date
Dividend₹14 / share15 May 2026
Stock splitStock Split From Rs.10/- to Rs.2/-26 Dec 2025
Dividend₹70 / share11 Nov 2025
Dividend₹69 / share3 Jun 2025
Dividend₹63 / share7 Nov 2024
Dividend₹81.5 / share7 Aug 2024
Who owns it · 2026-06-30
62.8% pledged
Promoter
54.0%
FII / Foreign
19.0%
DII / Domestic
8.5%
Retail / others
18.5%
Promoter stake down 2.2% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE33 Sep 26
short · NSE1,00028 Jul 26
short · NSE1,00510 Jul 26
Stake changes
BoughtDB Trustee ( Hong Kong) Limited acting in its capacity as the offshore security agent→ 54.29% · 1.94 cr18 Dec 24
BoughtCatalyst Trusteeship Ltd→ 34.65% · 1.24 cr18 Dec 24
SoldECap Equities Limited, Edel Finance Company Limited→ 0.17% · 25.50 L12 Dec 24
Promoter pledges
PledgedOnshore Security agent for the benefit of lenders and Agents1.94 cr · 0.00% held18 Dec 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Dec 2025
See the official result
1
To approve Sub-division / Split of Equity Shares of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
75.97 L votes for, 111 against · 0% of mutual funds and other big investors said no
2
To approve the alteration of the Capital Clause of the Memorandum of Association of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
75.96 L votes for, 145 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 54.0% between them · as of 2026-06-30
Pagac Ecstasy Pte Ltd53.12%
Asia Pragati Strategic Investment Fund0.86%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.