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NUVAMA · NSE · Stockbroking & Allied

Nuvama Wealth Management Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Stock/Commodity Brokers
cheap low confidence No valuation within 120 days; P/E 29.6 vs peers 33.7 (6th of 17).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Nuvama Wealth Management's share price today?

Nuvama Wealth Management last traded at ₹1,868.80 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 5.9% on the day, up 22.5% over a year. Its 52-week range is ₹1,097 to ₹2,066. The live price is in the app.

₹1,868.80 +5.9% today
+22.5% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
36 month-end closes, 31 Oct 2023 to 30 Sep 2026, adjusted for splits and bonuses
52-week range80% of the way up
Low ₹1,097High ₹2,066

What is Nuvama Wealth Management's market cap?

Nuvama Wealth Management's market capitalisation is about ₹32,556 crore: what it would cost to buy every share at today's price. That makes it the 24th largest small cap company we cover.

₹32,556 Cr Small Cap24th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: NUVAMA
ISIN
INE531F01023
Cap bucket
Small Cap, 24th largest by market cap
Industry (NSE)
Financial Services › Capital Markets › Stockbroking & Allied
Listed since
2023
Futures and options
Not traded

Is Nuvama Wealth Management overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 29.6 vs peers 33.7 (6th of 17).

Valuation

Latest price and trailing 12 months
P/E 29.56
vs peers 33.7 · 6th of 17
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B Not available
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹32,556 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 13.37
vs peers 9.3 · 7th of 10
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.19
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
2 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; Warranted P/B: no P/B

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Nuvama Wealth Management a quality business?

WATCH on 12 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
12 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; cost to income is operating expenses over net interest income plus other income; ROA over average total assets; ROE over average equity; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income 62.3%
vs peers 54.3% · 12th of 17
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets 3.3%
vs peers 20.5% · 18th of 18
Profit as a share of average total assets. Learn more →
CET1 ratio Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
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Has Nuvama Wealth Management made money for shareholders?

Yes: +22.5% over one year.

Shareholder returns

1-year return +22.5%
Price only
What the share price did over the last 12 months. Learn more →
5-year return Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−3.1%
1M
+5.8%
3M
−8.1%
6M
+36.1%
1Y
+22.5%
3Y
+41.4%
5Y
—
— not available

Does Nuvama Wealth Management pay a dividend?

Nuvama Wealth Management last paid ₹14.00 a share, ex-dividend 15 May 2026; nothing in the past 12 months counts toward a yield.

Dividends

Per share, by ex-dividend date
15 May 2026 · Interim 1₹14.00
11 Nov 2025 · Interim 2₹14.00
3 Jun 2025 · Interim₹13.80
7 Nov 2024 · Interim₹12.60
7 Aug 2024 · Interim₹16.30
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Nuvama Wealth Management growing?

Revenue 3 years 27.9% a year; eps 3 years 154.3% a year; revenue 5 years 15.3% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 27.9% a year
vs peers 24.6% · 7th of 18
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 154.3% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years 15.3% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years Not available
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did Nuvama Wealth Management do last quarter?

Nuvama Wealth Management reported income of ₹1,384 Cr, up 11.4% on a year earlier and a net profit of ₹306 Cr, up 5.6% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹1,384 Cr
+11.4% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹306 Cr
+5.6% on a year earlier
What was left for shareholders after every cost and tax.

How does Nuvama Wealth Management compare with its peers?

Compared with 17 Capital Markets (the industry, as the basic industry was too small); 6th of 17 on P/E.

Compared with 17 Capital Markets (the industry, as the basic industry was too small)

17 companies

Nuvama Wealth Management against its peers

Largest 10 of 17 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Nuvama Wealth Management Ltd₹32,556 Cr29.6—33.0%+22.5%
Billionbrains Garage Ventures Ltd₹1.2 L Cr48.311.226.4%+46.5%
SBI Funds Management Ltd₹1.0 L Cr——43.0%−18.0%
HDFC Asset Management Company Ltd₹97,078 Cr32.910.332.9%−20.2%
Multi Commodity Exchange of India Ltd₹84,611 Cr54.921.643.4%+85.6%
Nippon Life India Asset Management Ltd₹66,884 Cr40.711.635.5%+18.1%
Motilal Oswal Financial Services Ltd₹61,865 Cr31.24.812.2%+2.2%
360 ONE WAM Ltd₹42,749 Cr33.75.76.1%−4.8%
Anand Rathi Wealth Ltd₹33,851 Cr74.224.645.3%+38.9%
Aditya Birla Sun Life AMC Ltd₹29,055 Cr28.86.325.5%+17.0%
Angel One Ltd₹26,706 Cr25.73.317.3%+24.8%
Peer median—33.79.731.3%+2.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Nuvama Wealth Management?

Nuvama Wealth Management is held by promoters 54.0%, foreign institutions 19.0%, domestic institutions 8.5%.

Shareholding pattern

Latest filing, percent of shares
Promoters54.0%
The founders and controlling group.
Foreign institutions19.0%
Overseas funds investing through the FPI route.
Domestic institutions8.5%
Indian insurers, banks, pension and mutual funds together.
Mutual funds6.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others7.8%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Nuvama Wealth Management?

9 analysts cover Nuvama Wealth Management, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

9 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Nuvama Wealth Management do and what is it sensitive to?

Nuvama Wealth Management Limited sells wealth management, asset management, asset services and capital markets services to high-net-worth and institutional clients, including Nuvama Private (UHNI), Nuvama Wealth (affluent and HNI), FPIs and DIIs. Sensitive to: interest rates.

Business-model card

FY2025 · 40 verified
4Revenue
5Channels
2Regulators
3Reg. dependencies
4Sensitivities
4Costs
3Geographies

Nuvama Wealth Management Limited sells wealth management, asset management, asset services and capital markets services to high-net-worth and institutional clients, including Nuvama Private (UHNI), Nuvama Wealth (affluent and HNI), FPIs and DIIs. It earns through brokerage, distribution and advisory fees, clearing fees, asset and portfolio management fees, merchant banking income and investment and dividend income.

Revenue by segment

year ended March 31, 2025 (consolidated)
Wealth management business51.2%
Asset management business2.8%
Capital market business46.0%

Revenue engine

4 verified
Capital markets segment
Segment comprises institutional broking, merchant banking, advisory and clearing services. Interpretation: earns brokerage, clearing and advisory/merchant banking fees.
Wealth management segment
Segment comprises distribution of financial products, investment advisory, lending against securities and securities broking for wealth clients. Interpretation: earns distribution commissions, advisory fees, lending interest and broking fees.
Asset management segment (AIFs and PMS)
Investment management for Alternative Investment Funds and Portfolio management services across strategies. Interpretation: fees follow the investment management and portfolio management agreements.
1 more statement
Holding company activities (standalone)
Standalone segment revenue from investment and dividend income. Interpretation: this income depends on returns from the investments held.

Customers & channels

5 verified
Foreign Portfolio Investors and Domestic Institutional Investors
Named as the client profile in the company's highlights, alongside 900+ institutional clients and 500+ investment banking deals.
Nuvama Wealth affluent and HNI clients
Over 1.2 million clients, mainly salaried individuals and small to medium enterprise owners.
Asset services clients (clearing and custody)
Clearing and custody for institutional investors, including FPIs internationally and AIFs and portfolio managers domestically.
2 more statements
Internal and external distribution for asset management
Asset management products are sold through internal channels (Nuvama Private, Nuvama Wealth) and external distributors.
Clients added in the last three years
Company states that revenue from recently added clients forms a stated share of total revenue, which indicates reliance on newer accounts.

Regulators

2 verified
SEBI
Governs the company's stock-broker and merchant banking activities, per the capital management note.
RBI
Named with SEBI and stock exchanges as a regulator supervising the company's activities, including lending.

Regulatory dependencies

3 verified
SEBI product and disclosure rules
Regulatory changes expand the product toolkit but raise compliance requirements. Interpretation: new SEBI-permitted fund strategies add revenue lines while higher governance costs weigh on margins.
Frequency of regulatory amendments
Frequent amendments can cause disruption and require investment in governance. Interpretation: a tighter rule set raises compliance cost and may disrupt product sales.
Regulatory framework for alternatives
An improving framework makes alternatives more accessible to domestic investors. Interpretation: looser access widens the investor base for AIF and PMS products.

Sensitivities

4 verified
Interest rates
A 0.25% change in debt-security prices moves profit by 14.67 (FY2025 sensitivity table). Interpretation: the interest rate sensitivity of profit rises with holdings and falls with lower holdings.
Equity and fund prices
Price risk arises from equity shares, exchange-traded futures and mutual fund units held at fair value through profit or loss. Interpretation: falling prices reduce the value of these holdings and profit.
Global macro headwinds
Inflation, interest rate volatility and slowing GDP may affect client investment behaviour, asset inflows and industry growth.
1 more statement
US tariffs
Ripple effects may dampen trade volumes and investment sentiment. Interpretation: lower investment flows could reduce deal and transaction activity.

Cost inputs

4 verified
Term loans from other parties
Borrowing cost at 9.65% to 9.85% p.a. at March 31, 2025. Interpretation: higher rates raise finance cost on floating or refinanced borrowings.
Interest on debt securities
Finance cost on debt securities was 5,567.15 in FY2025 versus 4,445.17 in FY2024.
Stock exchange expenses
Exchange charges were 577.53 in FY2025 versus 275.70 in FY2024, as stated in the other expenses table.
1 more statement
Relationship manager acquisition and retention cost
Competition for experienced RMs pushes up acquisition and retention costs, especially in affluent and above-client segments.

Geographies

3 verified
India (domestic)
Operations are primarily concentrated in India; the standalone company is treated as operating only in the domestic segment.
International and domestic client split
International side serves FPIs; domestic side serves AIFs and portfolio managers within asset services.
Foreign-currency income (standalone)
Advisory and other fee income earned in foreign currency was 254.53 in FY2025 versus 1,402.85 in FY2024.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (30 Jul 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; Warranted P/B: no P/B.
  • FlagsWATCH on 12 of 22 lender flags judged; 2 red; 10 could not be judged.
  • Data gapsP/B, Dividend yield, Business quality, Quality score, Net interest margin, Gross NPA and 12 more: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓7 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓36 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 40 verified

Questions people ask

What is Nuvama Wealth Management's share price today?

Nuvama Wealth Management last traded at ₹1,868.80 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 5.9% on the day, up 22.5% over a year. Its 52-week range is ₹1,097 to ₹2,066. The live price is in the app.

What is Nuvama Wealth Management's market cap?

Nuvama Wealth Management's market capitalisation is about ₹32,556 crore: what it would cost to buy every share at today's price. That makes it the 24th largest small cap company we cover.

Is Nuvama Wealth Management Ltd a large cap, mid cap or small cap?

Nuvama Wealth Management Ltd (NUVAMA) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Nuvama Wealth Management Ltd's P/E ratio?

29.56, vs peers 33.7 · 6th of 17. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Nuvama Wealth Management Ltd overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 29.6 vs peers 33.7 (6th of 17).

How does Nuvama Wealth Management Ltd make money?

Nuvama Wealth Management Limited sells wealth management, asset management, asset services and capital markets services to high-net-worth and institutional clients, including Nuvama Private (UHNI), Nuvama Wealth (affluent and HNI), FPIs and DIIs. It earns through brokerage, distribution and advisory fees, clearing fees, asset and portfolio management fees, merchant banking income and investment and dividend income.

Why is there no Altman Z or debt to equity for Nuvama Wealth Management?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are Nuvama Wealth Management Ltd's peers?

Compared with 17 Capital Markets (the industry, as the basic industry was too small): Billionbrains Garage Ventures Ltd, SBI Funds Management Ltd, HDFC Asset Management Company Ltd, Multi Commodity Exchange of India Ltd, Nippon Life India Asset Management Ltd and 12 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Nuvama Wealth Management do last quarter?

Nuvama Wealth Management reported income of ₹1,384 Cr, up 11.4% on a year earlier and a net profit of ₹306 Cr, up 5.6% in the Jun 2026 quarter.

Who owns Nuvama Wealth Management?

Nuvama Wealth Management is held by promoters 54.0%, foreign institutions 19.0%, domestic institutions 8.5%.

Does Nuvama Wealth Management pay a dividend?

Nuvama Wealth Management last paid ₹14.00 a share, ex-dividend 15 May 2026; nothing in the past 12 months counts toward a yield.

What do analysts say about Nuvama Wealth Management?

9 analysts cover Nuvama Wealth Management, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Nuvama Wealth Management, and 6,621 other companies, with 212 filters and the full peer tables

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