Nuvama Wealth Management
- Market cap
- ₹ 30,894 Cr.
- P/E
- 29.7x
- P/B
- 7.37x
- 52-week range
- 1,096.9 – 2,066
- ROE
- 27%
- ROCE
- 17%
- Dividend yield
- 1.7%
- Debt / equity
- 2.85
- Sector
- Capital Markets
- Industry
- Stockbroking & Allied
- Listed on
- NSE, BSE
About
Nuvama Wealth Management Limited is an India-based wealth management company. The Company's segments include Wealth Management, Asset Management, Asset Services and Capital Markets. The Wealth Management segment provides wealth management solutions for the high-net-worth individual (HNI) client segments. Its solutions include investments, lending, estate planning, family office, corporate advisory, and treasury services. The Asset Management segment provides alternative asset management solutions across private markets, public markets, and commercial real estate. The Asset Services and Capital Markets segment provides asset services and institutional equities and investment banking services. Its investment banking capabilities include initial public offering, qualified institutional placement, private equity, mergers and acquisitions and fixed income solutions. It serves foreign institutional investors, domestic institutional investors, funds, corporates and private wealth clients.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Stockbroking & Allied: 42 companies →Nuvama Wealth Management against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)29.7 against a typical 20: pricier than most peers (1st = cheapest).29th of 42
- Sales growth+22.5% against a typical +18.8% from a year earlier.17th of 41
- Profit growth+15.9% against a typical +10% from a year earlier.16th of 35
- Share price, 3 months−4.2% against a typical −2.7%.23rd of 40
- Size₹ 30,893.8 Cr. market value against a typical ₹ 435.9 Cr. (1st = largest).4th of 39
Latest announcements
Exchange filings and their impact on the company.
- Nuvama's AMC arm got SEBI nod to start a Specialized Investment Fund business, opening a new fee-income stream.
Nuvama Wealth Management said its wholly owned subsidiary Nuvama Asset Management has received SEBI approval to establish a Specialized Investment Fund. This is the new fund category between mutual funds and PMS with a Rs 10 lakh minimum investment. It allows Nuvama to launch SIF products and earn additional management fees, though the revenue impact in the next 12 months is likely to be small while products are launched and AUM is built.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by 3 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA / CARE A1+ | Stable | 6 Aug 2026 |
| CRISIL | Crisil AA | Stable | 19 Jun 2026 |
| ICRA | [ICRA]AA /[ICRA]A1+ | Stable | 20 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Aug 2026 | Reaffirmed | CARE AA / CARE A1+ | — | CARE | ₹ 2,035 Cr. | |
| 3 Jul 2026 | Reaffirmed | CARE AA / CARE A1+ | — | CARE | ₹ 1,500 Cr. | |
| 19 Jun 2026 | ▲ Upgrade1 notch | Crisil AA- → Crisil AA | — | CRISIL | ₹ 2,480 Cr. | |
| 25 Mar 2026 | Reaffirmed | Crisil AA- | — | CRISIL | ₹ 2,480 Cr. | |
| 20 Feb 2026 | Reaffirmed | [ICRA]AA /[ICRA]A1+ | — | ICRA | ₹ 1,500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Jul 2026 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended Jun 30, 2026 and Fund Raising |
| 11 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 23 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025, dividend and stock split |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 28 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 735 | 841 | 929 | 949 | 1,053 | 1,034 | 1,120 | 1,123 | 1,135 | 1,104 | 1,269 | 1,376 |
| Expenses | 375 | 396 | 464 | 457 | 488 | 453 | 545 | 511 | 541 | 497 | 641 | 652 |
| Operating Profit | 360 | 445 | 465 | 493 | 565 | 582 | 575 | 612 | 593 | 607 | 629 | 724 |
| OPM % | 49% | 53% | 50% | 52% | 54% | 56% | 51% | 54% | 52% | 55% | 50% | 53% |
| Other Income | 3 | 2 | 0 | 7 | 4 | 1 | 9 | 3 | 8 | 2 | 20 | 8 |
| Interest | 147 | 171 | 183 | 183 | 200 | 225 | 215 | 240 | 237 | 242 | 258 | 295 |
| Depreciation | 24 | 45 | 45 | 20 | 21 | 24 | 29 | 24 | 25 | 27 | 36 | 27 |
| Profit before tax | 191 | 231 | 237 | 297 | 347 | 334 | 340 | 351 | 339 | 340 | 355 | 411 |
| Tax % | 24% | 24% | 24% | 26% | 26% | 25% | 25% | 25% | 25% | 25% | 24% | 26% |
| Net Profit | 145 | 176 | 181 | 221 | 257 | 252 | 255 | 264 | 254 | 254 | 269 | 306 |
| EPS in Rs | 8.28 | 10.01 | 10.24 | 12.49 | 14.43 | 14.05 | 14.2 | 14.66 | 14.09 | 13.96 | 14.79 | 16.75 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 27%
- 3 Years
- 28%
- TTM
- 13%
- 10 Years
- —
- 5 Years
- 59%
- 3 Years
- 51%
- TTM
- 5%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 24%
- 3 Years
- 28%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Nuvama Wealth Management | ₹ 1,750.00 | ₹ 30,894 Cr. | 29.7x | 7.4x | 27% | — |
| ICICI Prudential Asset Management Company Ltd | ₹ 2,655.00 | ₹ 1,30,928 Cr. | 47.7x | 37.7x | — | 56% |
| HDFC Asset Management Company | ₹ 2,250.00 | ₹ 96,542 Cr. | 39.9x | 12.3x | — | 69.3% |
| Nippon Life India Asset Management | ₹ 922.10 | ₹ 59,010 Cr. | 50.1x | 16.3x | 34.5% | 56.4% |
| Multi Commodity Exchange Of India | ₹ 3,017.00 | ₹ 76,931 Cr. | 52.6x | 16.6x | 37.9% | 57.8% |
| Motilal Oswal Financial Services | ₹ 925.00 | ₹ 55,715 Cr. | 30.8x | 4.5x | 15.6% | 21.2% |
Management
- Ashish Kehair
- Chief Executive Officer, Managing Director, Executive Director
- Bharat Kalsi
- Chief Financial Officer
- Sneha Patwardhan
- Company Secretary and Compliance Officer
- Shiv Sehgal
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.