Nuvama Wealth Management Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 27.4%)
- ✓Efficient capital deployment (ROCE 17.5%)
- ✓Attractively valued vs sector (P/E 27.5x vs industry 35.7x)
- ✓Regular dividends — yield 1.8%
Concerns
- ✗Heavy debt load (D/E 2.8x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹748 | ₹11.5L Cr | 15.2 | 1.98 | 13.8 | 7.04 | — |
| SBIN State Bank of India | ₹977 | ₹8.8L Cr | 10.6 | 1.51 | 15.4 | 6.13 | — |
| ICICIBANK ICICI Bank Limited | ₹1,261 | ₹8.8L Cr | 16.2 | 2.51 | 16.1 | 7.2 | — |
| BAJFINANCE Bajaj Finance Limited | ₹890 | ₹5.5L Cr | 28.6 | 4.86 | 18.2 | 10.8 | — |
| LICI Life Insurance Corporation Of India | ₹400 | ₹5.1L Cr | 8.83 | 2.86 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹3.9L Cr | 14.8 | 1.85 | 13.2 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹377 | ₹3.8L Cr | 19.8 | 2.07 | 11.2 | 6.93 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NUVAMA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 55.95% | 55.81% | 55.68% | 55.17% | 54.93% | 54.79% |
| FII | 7.16% | 6.91% | 6.73% | 13.87% | 15.46% | 16.58% |
| DII | 0.92% | 1.26% | 1.43% | 1.53% | 4.71% | 5.80% |
| Public | 35.95% | 36.00% | 36.15% | 29.39% | 24.90% | 22.83% |
Corporate Events
Interim Dividend - Rs 14 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
Interim Dividend - Rs 70 Per Share
Interim Dividend - Rs 69 Per Share
Interim Dividend - Rs 63 Per Share
Interim Dividend - Rs 81.50 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.1K Cr ▼2.7% | ₹1.1K Cr ▲1.1% | ₹1.1K Cr ▲0.3% | ₹1.1K Cr ▲8.3% | ₹1.0K Cr ▼1.8% | ₹1.1K Cr ▲11.0% | ₹949 Cr ▲2.2% | ₹929 Cr |
| Op. Profit | ₹607 Cr ▲2.4% | ₹593 Cr ▼3.1% | ₹612 Cr ▲6.4% | ₹575 Cr ▼1.2% | ₹582 Cr ▲3.0% | ₹565 Cr ▲14.6% | ₹493 Cr ▲6.0% | ₹465 Cr |
| OPM | 55.0% ▲5.8% | 52.0% ▼3.7% | 54.0% ▲5.9% | 51.0% ▼8.9% | 56.0% ▲3.7% | 54.0% ▲3.8% | 52.0% ▲4.0% | 50.0% |
| Net Profit | ₹254 Cr ▲0.0% | ₹254 Cr ▼3.8% | ₹264 Cr ▲3.5% | ₹255 Cr ▲1.2% | ₹252 Cr ▼1.9% | ₹257 Cr ▲16.3% | ₹221 Cr ▲22.1% | ₹181 Cr |
| EPS (₹) | 13.96 ▼0.9% | 14.09 ▼3.9% | 14.66 ▲3.2% | 14.2 ▲1.1% | 14.05 ▼2.6% | 14.43 ▲15.5% | 12.49 ▲22.0% | 10.24 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹4.6K Cr ▲11.3% | ₹4.2K Cr ▲31.9% | ₹3.2K Cr ▲42.0% | ₹2.2K Cr ▲25.0% | ₹1.8K Cr ▲28.5% | ₹1.4K Cr ▲77.4% | ₹780 Cr |
| Expenses | ₹2.2K Cr ▲12.7% | ₹1.9K Cr ▲22.1% | ₹1.6K Cr ▲18.7% | ₹1.3K Cr ▲18.4% | ₹1.1K Cr ▲20.6% | ₹939 Cr ▲234.2% | ₹281 Cr |
| Op. Profit | ₹2.4K Cr ▲10.0% | ₹2.2K Cr ▲41.9% | ₹1.6K Cr ▲77.2% | ₹883 Cr ▲36.7% | ₹646 Cr ▲45.5% | ₹444 Cr ▼11.0% | ₹499 Cr |
| OPM | 53.0% ▲0.0% | 53.0% ▲6.0% | 50.0% ▲25.0% | 40.0% ▲11.1% | 36.0% ▲12.5% | 32.0% ▼50.0% | 64.0% |
| Other Income | ₹33 Cr ▲135.7% | ₹14 Cr ▲366.7% | ₹3 Cr ▼62.5% | ₹8 Cr ▼98.7% | ₹638 Cr ▲212.9% | ₹-565 Cr ▼843.4% | ₹76 Cr |
| Interest | ₹977 Cr ▲18.9% | ₹822 Cr ▲32.6% | ₹620 Cr ▲56.6% | ₹396 Cr ▲42.4% | ₹278 Cr ▲13.0% | ₹246 Cr ▲23.0% | ₹200 Cr |
| Depreciation | ₹113 Cr ▲20.2% | ₹94 Cr ▼30.9% | ₹136 Cr ▲52.8% | ₹89 Cr ▲25.4% | ₹71 Cr ▲42.0% | ₹50 Cr ▲233.3% | ₹15 Cr |
| PBT | ₹1.4K Cr ▲5.1% | ₹1.3K Cr ▲62.3% | ₹812 Cr ▲100.0% | ₹406 Cr ▼56.6% | ₹935 Cr ▲324.2% | ₹-417 Cr ▼215.8% | ₹360 Cr |
| Tax % | 25.0% ▲0.0% | 25.0% ▲8.7% | 23.0% ▼8.0% | 25.0% ▲212.5% | 8.0% ▼42.9% | 14.0% ▼33.3% | 21.0% |
| Net Profit | ₹1.0K Cr ▲5.6% | ₹985 Cr ▲57.6% | ₹625 Cr ▲104.9% | ₹305 Cr ▼64.4% | ₹857 Cr ▲280.4% | ₹-475 Cr ▼266.1% | ₹286 Cr |
| EPS (₹) | 57.19 ▲4.3% | 54.82 ▲54.7% | 35.43 | — | — | — | — |
| Div Payout | 24.0% ▼54.7% | 53.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||
| Equity Capital | ₹36 Cr ▲0.0% | ₹36 Cr ▲0.0% | ₹36 Cr ▲2.9% | ₹35 Cr ▲0.0% | ₹35 Cr ▲0.0% | ₹35 Cr ▲0.0% | ₹35 Cr ▲34.6% | ₹26 Cr |
| Reserves | ₹4.1K Cr ▲8.8% | ₹3.8K Cr ▲8.7% | ₹3.5K Cr ▲20.8% | ₹2.9K Cr ▲28.8% | ₹2.2K Cr ▲17.0% | ₹1.9K Cr ▲19.1% | ₹1.6K Cr ▲50.8% | ₹1.1K Cr |
| Borrowings | ₹11.5K Cr ▲28.6% | ₹9.0K Cr ▲14.5% | ₹7.8K Cr ▲16.2% | ₹6.7K Cr ▲24.6% | ₹5.4K Cr ▲52.5% | ₹3.5K Cr ▲148.5% | ₹1.4K Cr ▲11.0% | ₹1.3K Cr |
| Other Liabilities | ₹18.8K Cr ▲63.8% | ₹11.5K Cr ▼32.6% | ₹17.1K Cr ▲58.7% | ₹10.7K Cr ▲112.9% | ₹5.0K Cr ▼1.4% | ₹5.1K Cr ▲16.4% | ₹4.4K Cr ▲54.8% | ₹2.8K Cr |
| Total Liabilities | ₹34.5K Cr ▲42.2% | ₹24.3K Cr ▼14.6% | ₹28.4K Cr ▲39.2% | ₹20.4K Cr ▲60.3% | ₹12.7K Cr ▲20.0% | ₹10.6K Cr ▲42.2% | ₹7.5K Cr ▲43.0% | ₹5.2K Cr |
| Assets | ||||||||
| Fixed Assets | ₹289 Cr ▼7.7% | ₹313 Cr ▲0.3% | ₹312 Cr ▲7.6% | ₹290 Cr ▲2.1% | ₹284 Cr ▲29.7% | ₹219 Cr ▲35.2% | ₹162 Cr ▲50.0% | ₹108 Cr |
| CWIP | ₹0 Cr | ₹0 Cr ▼100.0% | ₹5 Cr ▼37.5% | ₹8 Cr ▼68.0% | ₹25 Cr ▲38.9% | ₹18 Cr ▼18.2% | ₹22 Cr ▲450.0% | ₹4 Cr |
| Investments | ₹358 Cr ▲6.5% | ₹336 Cr ▲52.0% | ₹221 Cr ▲30.0% | ₹170 Cr ▲0.0% | ₹170 Cr ▲142.9% | ₹70 Cr ▲180.0% | ₹25 Cr ▼96.2% | ₹665 Cr |
| Other Assets | ₹33.8K Cr ▲43.4% | ₹23.6K Cr ▼15.2% | ₹27.9K Cr ▲39.8% | ₹19.9K Cr ▲62.8% | ₹12.2K Cr ▲18.9% | ₹10.3K Cr ▲42.1% | ₹7.2K Cr ▲63.3% | ₹4.4K Cr |
| Total Assets | ₹34.5K Cr ▲42.2% | ₹24.3K Cr ▼14.6% | ₹28.4K Cr ▲39.2% | ₹20.4K Cr ▲60.3% | ₹12.7K Cr ▲20.0% | ₹10.6K Cr ▲42.2% | ₹7.5K Cr ▲43.0% | ₹5.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Operating CF | ₹-3.0K Cr ▼712.4% | ₹-371 Cr ▲77.6% | ₹-1.7K Cr ▲11.1% | ₹-1.9K Cr ▼30.9% | ₹-1.4K Cr ▼28.6% | ₹-1.1K Cr ▼121.6% | ₹-500 Cr |
| Investing CF | ₹-128 Cr ▼103.2% | ₹-63 Cr ▲20.3% | ₹-79 Cr ▲54.3% | ₹-173 Cr ▼113.6% | ₹-81 Cr ▲34.7% | ₹-124 Cr ▼10.7% | ₹-112 Cr |
| Financing CF | ₹3.2K Cr ▲429.3% | ₹601 Cr ▼54.3% | ₹1.3K Cr ▼27.9% | ₹1.8K Cr ▼14.7% | ₹2.1K Cr ▲143.9% | ₹877 Cr ▲273.2% | ₹235 Cr |
| Net Cash Flow | ₹40 Cr ▼75.9% | ₹166 Cr ▲139.3% | ₹-422 Cr ▼99.1% | ₹-212 Cr ▼133.5% | ₹633 Cr ▲278.8% | ₹-354 Cr ▲5.9% | ₹-376 Cr |
| Free Cash Flow | ₹-3.0K Cr ▼654.6% | ₹-403 Cr ▲76.8% | ₹-1.7K Cr ▲10.5% | ₹-1.9K Cr ▼31.7% | ₹-1.5K Cr ▼30.9% | ₹-1.1K Cr ▼118.4% | ₹-516 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 79d ▲19.7% | 66d ▼10.8% | 74d ▼49.3% | 146d ▼20.2% | 183d ▲154.2% | 72d ▼55.8% | 163d |
| Inventory Days | — | — | — | — | — | — | 1378d |
| Days Payable | — | — | — | — | — | — | 748d |
| Cash Conv. Cycle | 79d ▲19.7% | 66d ▼10.8% | 74d ▼49.3% | 146d ▼20.2% | 183d ▲154.2% | 72d ▼90.9% | 793d |
| Working Capital Days | -1148d ▲7.0% | -1234d ▼27.7% | -966d ▼248.7% | -277d ▲44.9% | -503d ▲41.5% | -860d ▲5.7% | -912d |
| ROCE | 17.0% ▼15.0% | 20.0% ▲17.6% | 17.0% ▲41.7% | 12.0% ▼14.3% | 14.0% ▼17.6% | 17.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Nuvama Wealth Management Limited
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]
Financial Services · Capital Markets