Skip to main content
Swing Capital

Nuvama Wealth Management Ltd

NSE: NUVAMA BSE: 543988Finance

Incorporated in 1993, Nuvama Wealth Management Ltd is in the business of broking and trading in equity securities and is also registered as an Investment Adviser and Merchant Banker with SEBI[1]

₹1,443
52W: ₹1097 — ₹1702
PE 46.3 · Book ₹115 · +1155% vs book
Market Cap₹26,290 Cr
Stock P/E46.3Price to Earnings
ROCE23.7%Return on Capital
ROE28.2%Return on Equity
Div. Yield1.9%Face Value ₹2

Strengths

  • +Company has delivered good profit growth of 23.9% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 44.0%
  • +Debtor days have improved from 59.2 to 40.7 days.

Weaknesses

  • −Stock is trading at 12.7 times its book value
  • −Tax rate seems low
  • −Contingent liabilities of Rs.14,423 Cr.
  • −Promoters have pledged 62.8% of their holding.
  • −Working capital days have increased from 140 days to 276 days

Shareholding Pattern

Promoters54.13%
FIIs16.94%
DIIs8.3%
Public20.62%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.68%55.17%▼0.554.93%▼0.254.79%▼0.154.74%▼0.054.64%▼0.154.2%▼0.454.13%▼0.1
FIIs6.73%13.87%▲7.115.46%▲1.616.58%▲1.117.14%▲0.616.3%▼0.816.39%▲0.116.94%▲0.6
DIIs1.43%1.53%▲0.14.71%▲3.25.8%▲1.16.35%▲0.57.59%▲1.28.37%▲0.88.3%▼0.1
Public36.15%29.39%▼6.824.9%▼4.522.83%▼2.121.77%▼1.121.46%▼0.321.04%▼0.420.62%▼0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales187215236516385218422188404172
Expenses10012713814513515414511191141
Operating Profit878998371251642787631331
OPM %47%41%41%72%65%29%66%41%77%18%
Net Profit313247317207272214628019
EPS ₹1.761.782.6317.7411.531.5312.32.5715.421.05

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,186Cr, down 12.4% YoY. OPM at 59%.

Debt Position

Borrowings at ₹1,109Cr. Debt-to-equity ratio: 0.54x. Moderate leverage.

Institutional Flow

DIIs: 8.3% (+7.51pp change). FIIs: 16.94% (+7.54pp change). Promoters hold 54.13%.

Margin & Efficiency

ROCE improving from 18% (Mar 2015) to 24% (Mar 2026). Working capital days: 276.

Valuation

PE 46.3x with 23.7% ROCE. Price is 1155% above book value of ₹115. Dividend yield: 1.9%.

Recent Announcements