Capital Markets
Valuation | |
|---|---|
| Market Cap | 24.62 kCr |
| Price/Earnings (Trailing) | 23.74 |
| Price/Sales (Trailing) | 5.48 |
| EV/EBITDA | 10.16 |
| Price/Free Cashflow | -64.37 |
| MarketCap/EBT | 18.09 |
| Enterprise Value | 24.37 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 0.60% |
| Price Change 1M | -8.5% |
| Price Change 6M | 0.00% |
| Price Change 1Y | 14.6% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -65.22 Cr |
| Cash Flow from Operations (TTM) | -371.1 Cr |
| Cash Flow from Financing (TTM) |
| Revenue (TTM) |
| 4.49 kCr |
| Rev. Growth (Yr) | 6.9% |
| Earnings (TTM) | 1.03 kCr |
| Earnings Growth (Yr) | 0.80% |
Profitability | |
|---|---|
| Operating Margin | 30% |
| EBT Margin | 30% |
| Return on Equity | 27.07% |
| Return on Assets | 4.23% |
| Free Cashflow Yield | -1.55% |
| Cash & Equivalents | 241.78 Cr |
| Free Cash Flow (TTM) | -404.2 Cr |
| Free Cash Flow/Share (TTM) | -112.26 |
Balance Sheet | |
|---|---|
| Total Assets | 24.26 kCr |
| Total Liabilities | 20.46 kCr |
| Shareholder Equity | 3.79 kCr |
| Net PPE | 226.32 Cr |
| Inventory | 0.00 |
| Goodwill | 9.96 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 0.46 |
| Interest/Cashflow Ops | 0.58 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 27.8 |
| Dividend Yield | 2.05% |
| Shares Dilution (1Y) | 1.4% |
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Dividend: Dividend paying stock. Dividend yield of 2.05%.
Profitability: Very strong Profitability. One year profit margin are 23%.
Momentum: Stock has a weak negative price momentum.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Dividend: Dividend paying stock. Dividend yield of 2.05%.
Profitability: Very strong Profitability. One year profit margin are 23%.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 2.05% |
| Dividend/Share (TTM) | 27.8 |
| Shares Dilution (1Y) | 1.4% |
| Earnings/Share (TTM) | 57.03 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 38.75 |
| RSI (5d) | 52.06 |
| RSI (21d) | 40.51 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Nuvama Wealth Management's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Nuvama Wealth Management's management provided an optimistic outlook for the upcoming financial year, forecasting a growth rate of over 20%, targeting around INR 25,000 to 26,000 crores in net flows for FY '27. They reported that total revenues for nine months grew by 8%, with an operating profit after tax of approximately INR 780 crores compared to INR 253 crores in the same period the previous year.
Management highlighted several key initiatives, including the expansion of the asset management business into SIF, which is anticipated to launch within 2-3 months pending final approval. They indicated plans to scale the lending book from its current INR 4,300 crores with expectations of 20-30% growth next year. The wealth management segment saw revenues grow by 18%, now contributing to 57% of total revenue.
Additional growth strategies include potential M&A opportunities in asset management, with a focus on alternate managers lacking capital-raising platforms, and enhancements in technology and product innovation in wealth management. The offshore platform in Dubai and Singapore is also witnessing positive traction, with expectations for continued growth from these markets.
Management acknowledged challenges in capital markets and indicated a cautious yet positive stance due to increasing investor confidence and participation. The upcoming product launches include a dynamic asset fund and a new commercial real estate fund, with an expected management fee ranging between 1.5% to 1.75%. Overall, the management conveyed a strategic approach towards growth while emphasizing improvements across various segments and products.
Understand Nuvama Wealth Management ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Pagac Ecstasy Pte Ltd | 53.33% |
| Smallcap World Fund, Inc | 4.9% |
| Rashesh Chandrakant Shah | 2.45% |
| Mukul Mahavir Agrawal | 1.38% |
| Mabella Trustee Services Private Limited | 1.19% |
| Asia Pragati Strategic Investment Fund | 0.87% |
Detailed comparison of Nuvama Wealth Management against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| MOTILALOFS | Motilal Oswal Financial Services | 46.88 kCr | 7.93 kCr | -8.10% | +15.20% | 23.09 | 5.91 | - | - |
| 360ONE | 360 ONE WAM | 45.14 kCr |
Comprehensive comparison against sector averages
NUVAMA metrics compared to Capital
| Category | NUVAMA | Capital |
|---|---|---|
| PE | 23.74 | 24.54 |
| PS | 5.48 | 4.28 |
| Growth | 13.1 % | -8.2 % |
Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India. The company provides debt advisory and clearing services; and portfolio management and investment advisory services. It is involved in institutional broking business; distribution of financial products; lending against securities; and investment management business for alternative investment funds. 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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
NUVAMA vs Capital (2024 - 2026)
Q1: "I wanted an update on the HFT business within the asset services vertical. A, how is the activity trending? And B, your yields have moved up as an offset to Jane Street issues. How sustainable is that bump up in yield?"
A1: "Activity in the HFT sector rebounded after some initial adjustments following SEBI's order, reaching previous levels or even higher. We anticipate yields to stabilize between 2.6% and 2.9% in the next 12 months, depending on interest rate movements. The increase in yield stems from a higher proportion of deposits relative to G-Sec among clients, which supports the yield uplift."
Q2: "On the litigation that you've talked about in your annual reports in the past with Anugrah, what is the update?"
A2: "The Supreme Court has formally admitted the Anugrah case for hearing after delays in prior sessions. While we are optimistic about a favorable outcome, it may take a couple of years before any decision is reached."
Q3: "Regarding Nuvama Wealth, if I look at the MPIS (Managed Products and Investment Solutions) revenues sequentially, they appear to be flat. What would you ascribe this to?"
A3: "The flatness in MPIS revenue is due to the different compositions within the managed products and investment solutions. Variations in yields across different categories, such as insurance versus fixed income, can lead to quarterly fluctuations. The net new money remains on an upward trend, and there's no structural concern reflected in our 48% year-on-year growth."
Q4: "What is the guidance for net new flows in FY '27?"
A4: "We target around INR19,000 to INR20,000 crores for FY '26. For FY '27, we aim to achieve INR25,000 to INR26,000 crores in net new flows, driven by our diverse product offerings and market strategies."
Q5: "On the cost to income ratio, you've guided for a 10-12% increase in opex. Does that include the RM addition?"
A5: "No, opex generally excludes personnel costs, which stand apart. We've seen a modest increase of about 7% in personnel costs year-on-year. The anticipated opex increase pertains to other operational expenses vital for business expansion and inflation-related cost rises."
Q6: "Can you summarize the FY '27 guidance overall and any new product launches?"
A6: "While we don't provide specific guidance on revenue or PAT numbers, we aim for a 20% growth target. Upcoming product launches include a Dynamic Asset Fund, REIT/InvIT Fund, Credit Fund, and a new Commercial Real Estate Fund, which should provide a better revenue profile."
These summaries are crafted to stay within character limits and encapsulate the core of each question and response as discussed during the earnings call.
Distribution across major stakeholders
Distribution across major institutional holders
| 4.23 kCr |
| -6.60% |
| +10.30% |
| 37.86 |
| 10.67 |
| - |
| - |
| ANANDRATHI | Anand Rathi Wealth | 24.5 kCr | 1.14 kCr | -6.70% | +56.60% | 66.65 | 21.52 | - | - |
| IIFL | IIFL FINANCE | 21.94 kCr | 12.3 kCr | -21.50% | +43.50% | 17.1 | 1.78 | - | - |
| GEOJITFSL | Geojit Financial Services | 1.99 kCr | 663.87 Cr | -5.40% | -21.30% | 21.12 | 2.99 | - | - |
| 8.3% |
| 27 |
| 25 |
| 24 |
| 29 |
| 24 |
| 21 |
| Fees and commission expenses | -25.5% | 77 | 103 | 77 | 81 | 0 | 0 |
| Impairment on financial instruments | 76.8% | -0.17 | -4.04 | 3.82 | 6.7 | -1.05 | -0.83 |
| Other expenses | -3.1% | 124 | 128 | 123 | 150 | 165 | 196 |
| Profit Before exceptional items and Tax | 1.8% | 341 | 335 | 349 | 336 | 334 | 348 |
| Total profit before tax | 1.8% | 341 | 335 | 349 | 336 | 334 | 348 |
| Current tax | -5.9% | 81 | 86 | 90 | 92 | 81 | 86 |
| Deferred tax | 374.5% | 5.09 | -0.49 | -2.66 | -6.94 | 1.19 | 3.85 |
| Tax expense | 1.2% | 86 | 85 | 87 | 85 | 82 | 90 |
| Total profit (loss) for period | 0% | 254 | 254 | 264 | 255 | 252 | 257 |
| Other comp. income net of taxes | 108.2% | 1.04 | 0.51 | 0.48 | -1.41 | -0.05 | 1.59 |
| Total Comprehensive Income | 0.4% | 255 | 254 | 264 | 254 | 252 | 259 |
| Reserve excluding revaluation reserves | - | - | - | - | - | - | - |
| Earnings Per Share, Basic | -0.7% | 14.02 | 14.108 | 14.672 | 14.226 | 14.082 | 14.508 |
| Earnings Per Share, Diluted | -0.1% | 13.62 | 13.628 | 14.14 | 13.812 | 13.71 | 14.09 |
| Debt equity ratio | 0.2% | 0.026 | 0.0237 | 0.0241 | 0.0224 | 0.02 | 0.02 |
| Debt service coverage ratio | 0% | 006 | 006 | 007 | 007 | 0 | 0 |
| Interest service coverage ratio | 0% | 0.0243 | 0.0246 | 0.0249 | 0.0262 | 0.03 | 0.03 |
| 279 |
| 194 |
| Finance costs | 61.8% | 111 | 69 |
| Depreciation and Amortization | -79.2% | 16 | 73 |
| Fees and commission expenses | - | 27 | 0 |
| Impairment on financial instruments | -116.7% | -0.15 | 7.87 |
| Other expenses | 31.8% | 266 | 202 |
| Profit Before exceptional items and Tax | 514% | 658 | 108 |
| Total profit before tax | 514% | 658 | 108 |
| Current tax | 141.7% | 59 | 25 |
| Deferred tax | 101.6% | 1.27 | -15.84 |
| Tax expense | 599.1% | 60 | 9.44 |
| Total profit (loss) for period | 515.5% | 598 | 98 |
| Other comp. income net of taxes | 89.5% | 0.06 | -7.98 |
| Total Comprehensive Income | 570.8% | 598 | 90 |
| Reserve excluding revaluation reserves | - | 1,880 | - |
| Earnings Per Share, Basic | 609.8% | 33.536 | 5.584 |
| Earnings Per Share, Diluted | 606.8% | 32.552 | 5.464 |
| Debt equity ratio | 0.1% | 039 | 034 |
| Debt service coverage ratio | 0.6% | 089 | 026 |
| Interest service coverage ratio | 4.5% | 0.0701 | 0.0261 |
| -6.3% |
| 105 |
| 112 |
| - |
| 162 |
| 123 |
| 152 |
| Total non-financial assets | 5.2% | 243 | 231 | 0 | 236 | - | - |
| Total assets | -62.4% | 2,739 | 7,285 | - | 4,016 | 4,551 | 3,459 |
| Equity share capital | 0% | 36 | 36 | - | 36 | 35 | 35 |
| Total equity | 2.5% | 1,983 | 1,935 | - | 1,875 | 1,732 | 1,636 |
| Debt securities | -43.3% | 183 | 322 | - | 541 | 155 | 205 |
| Borrowings | -56.9% | 188 | 435 | - | 356 | 441 | 196 |
| Total financial liabilities | -87.6% | 649 | 5,223 | 0 | 2,014 | - | - |
| Current tax liabilities | -9.5% | 20 | 22 | - | 26 | 17 | 0 |
| Provisions | 27.5% | 2.3 | 2.02 | - | 2.23 | 1.61 | 1.66 |
| Total non financial liabilities | -16.7% | 106 | 127 | 0 | 128 | - | - |
| Total liabilities | -85.9% | 756 | 5,350 | - | - | 2,819 | 1,823 |
| Total equity and liabilities | -62.4% | 2,739 | 7,285 | - | 4,016 | 4,551 | 3,459 |
| -103.3% |
| Proceeds from exercise of stock options | 13381.2% |
| Proceeds from issuing debt etc | 204.6% |
| Proceeds from borrowings | -100.2% |
| Repayments of borrowings | - |
| Payments of lease liabilities | 80% |
| Dividends paid | - |
| Interest paid | 132.5% |
| Net Cashflows From Financing Activities | -254.3% |
| Net change in cash and cash eq. | 2273.9% |
Analysis of Nuvama Wealth Management's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Wealth management business | 50.9% | 696.9 Cr |
| Capital markets business | 29.8% | 407.9 Cr |
| Unallocated | 16.7% | 228.9 Cr |
| Asset management business | 2.6% | 36.2 Cr |
| Total | 1.4 kCr |