Nuvama Wealth Management Ltd.

NSE: NUVAMA · Stockbroking & Allied

52W Range₹1,097 ₹7,640

Snapshot

Unlock Nuvama Wealth Management Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nuvama Wealth Management Limited is a diversified financial services firm providing wealth management, asset management, and capital market solutions. Its service suite includes institutional and retail securities broking, debt advisory, portfolio management, and lending against securities.

Business Model

The company generates revenue through fee-based income from wealth and investment advisory services, brokerage commissions from capital market activities, and interest income from its lending against securities business.

Growth Outlook

Growth is driven by the increasing penetration of financial products in the Indian market and the expansion of its alternative investment fund management capabilities.

Key Risks

  • Market Volatility. As a wealth and broking firm, the company's revenue is highly sensitive to fluctuations in Indian equity and debt market performance.
  • Regulatory Risk. Changes in SEBI regulations regarding brokerage structures, investment advisory, or lending norms could materially impact operational margins.
  • Credit Risk. The lending against securities business exposes the firm to potential losses if the underlying collateral value drops significantly during market downturns.
  • Competitive Pressure. The wealth management sector in India is highly competitive, with increasing pressure from both traditional banks and new-age fintech entrants.

Price

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Key Metrics

REVENUE

₹4,631 Cr

TTM · consolidated

+11.5%YoY

NET PROFIT

₹1,040 Cr

TTM · consolidated

+5.6%YoY

EPS

₹172.71

TTM · consolidated

-37.6%YoY

RETURN ON EQUITY

28.5%

TTM · consolidated

-3.8 ppYoY

P/E

10.7x

Q4 FY26 · consolidated

10.7 vs 13.4x5Y avg

EBITDA MARGIN

53.1%

TTM · consolidated

-0.5 ppYoY

NET PROFIT MARGIN

21.2%

Q4 FY26 · consolidated

-1.6 ppYoY

Peers · Stockbroking & Allied

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nuvama Wealth Management Ltd.NUVAMA
20,99610.6911.5%53.1%28.5%-75.4%
Motilal Oswal Financial Services Ltd.MOTILALOFS
39,29830.6512.2%41.7%16.2%11.0%+1.9%
Angel One Ltd.ANGELONE
20,8714.8417.65-1.9%35.7%15.9%-87.7%
IIFL Capital Services Ltd.IIFLCAPS
8,06318.620.6%42.6%21.3%+2.5%
Indo Thai Securities LimitedINDOTHAI
2,94618.48244.3%83.3%32.2%-89.7%
Anand Rathi SharARSSBL
2,86841.0%

As of Q4 FY26

Financials