Nuvama Wealth Management
Nuvama Wealth Management Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Nuvama Wealth Management Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Nuvama Wealth Management Ltd trades at a P/E of 28.57× and P/B of 7.01×, against the Financial Services sector median P/E of 17.67×.
Valuation
Profitability
Growth
Financial Health
Nuvama Wealth Management Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Nuvama Wealth Management Ltd, switchable between annual and quarterly views, consolidated or standalone.
Nuvama Wealth Management Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹28,908.19 Cr and reported EPS of ₹55.58.
| Period | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue from Operations | 3,151 | 4,158 | 4,631 |
| Other Income | 7 | 11 | 19 |
| Total Income | 3,158 | 4,169 | 4,650 |
| Gross Profit | 3,151 | 4,158 | 4,631 |
| +Operating Expenses | 1,552 | 1,629 | 1,818 |
| EBITDA | 1,599 | 2,529 | 2,813 |
| +Non-Operating Expenses | 756 | 916 | 1,089 |
| Profit Before Tax (PBT) | 810 | 1,311 | 1,371 |
| +Tax Expense | 187 | 333 | 345 |
| Profit After Tax (PAT) | 625 | 985 | 1,040 |
| Earnings Per Share (EPS) | 35.42 | 54.83 | 57.19 |
| Diluted Shares Outstanding (Nos.) | 18 | 18 | 18 |
| +Banking Income | 3,158 | 4,169 | 4,650 |
| +Additional Disclosures | 2,342 | 2,864 | 3,296 |
| Sales Growth % | — | 31.97 | 11.36 |
| YoY Sales Growth % | — | 31.97 | 11.36 |
| Employee Cost % | 28 | 28 | 27 |
| Other Cost % | 21 | 11 | 12 |
| OPM % | 51 | 61 | 61 |
| Tax % | 23 | 25 | 25 |
| Profit Growth % | — | 57.65 | 5.60 |
| Gross Margin % | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | 294 | 359 |
Nuvama Wealth Management segment analysis: revenue and profit mix.
Disclosed business segments at Nuvama Wealth Management with their share of revenue and profit, switchable between consolidated and standalone reporting.
Nuvama Wealth Management discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Nuvama Wealth Management Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Nuvama Wealth Management Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Nuvama Wealth Management Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Nuvama demonstrates robust profitability with an impressive Operating Profit Margin (OPM) of 53.90% and a strong Return on Equity (ROE) of 30.90%. This indicates highly efficient operations and effective capital utilization, significantly exceeding many industry benchmarks.
The company shows strong quarterly performance, with sales growing by 18.20% and profits after tax increasing by 19.40%. This consistent growth trajectory highlights increasing market demand and effective business expansion strategies.
With a P/E ratio of 25.80, Nuvama appears reasonably valued compared to its sector P/E of 27.06. A substantial promoter holding of 54.64% signals strong management confidence and alignment with shareholder interests.
Nuvama offers an attractive dividend yield of 1.91%, providing income to investors. The company also receives a 'Buy' recommendation with a 72% fundamental score, indicating a solid long-term investment.
FII holdings have significantly increased from 9.40% in June 2023 to 16.30% in September 2025, alongside DII growth from 0.79% to 7.59%. This indicates rising institutional confidence and potential for further investment.
What can break it.
Nuvama carries a substantial debt-to-equity ratio of 2.25, indicating high financial leverage. This exposes the company to increased financial risk, particularly during economic downturns or periods of rising interest rates.
Promoter shareholding has shown a gradual decline from 56.19% in June 2023 to 54.64% in September 2025. This trend warrants attention as it could signal evolving confidence or strategic shifts.
The stock has experienced notable volatility, with daily price changes like +3.41% and -1.14% in recent days. This instability might deter risk-averse investors seeking more predictable returns.
Operating in the stockbroking industry, Nuvama's earnings are inherently susceptible to market volatility. While quarterly profits are growing, their absolute figures can be modest, posing predictability challenges.
The 'Stockbroking & Allied' sector is highly competitive, with numerous established players and emerging fintech firms. This intense rivalry could pressure Nuvama's margins and market share.
What would change my mind.
Trim if P/E re-rates above 37 (~2.1× the sector multiple of 17.7). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 282.83. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 22%. The operating engine is no longer compounding capital efficiently.
Nuvama Wealth Management Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Nuvama Wealth Management Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Nuvama Wealth Management Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Nuvama Wealth Management Ltd — derived from the live tape, not yesterday's close.
Nuvama Wealth Management Ltd last traded at ₹1,588.1 with an intraday range of ₹1,521.5–₹1,597.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1588.10| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1769.63 | +181.53 | +11.43% |
| R3 | 1693.23 | +105.13 | +6.62% |
| R2 | 1645.57 | +57.47 | +3.62% |
| R1 | 1616.83 | +28.73 | +1.81% |
| PIVOT | 1569.17 | -18.93 | -1.19% |
| CURRENT | 1588.10 | — | — |
| S1 | 1387.63 | -200.47 | -12.62% |
| S2 | 1464.03 | -124.07 | -7.81% |
| S3 | 1492.77 | -95.33 | -6.00% |
| S4 | 1540.43 | -47.67 | -3.00% |
NUVAMA is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 1521.5 ~ 1554.3
Trading Above opening range, showing Bullishness
Nuvama Wealth Management Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Nuvama Wealth Management Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Nuvama Wealth Management Ltd stood at 46.0% of traded volume, against a 20-day average of 45.2%.
Nuvama Wealth Management announcements: results, concalls, ratings, M&A.
Filings Nuvama Wealth Management sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Nuvama Wealth Management files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 163 documents below.
General Updates
Nuvama Wealth Management Limited has informed the Exchange about General Updates
- 10 Jun 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsView PDF
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Nuvama Wealth Management Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory…
Analysts/Institutional Investor Meet/Con. Call Updates
Nuvama Wealth Management Limited has informed the Exchange about Link of Recording
General Updates
Communication to the Equity Shareholders of the Company for Tax Deduction at Source (TDS)/Withholding Tax on Interim Dividend
General Updates
Nuvama Wealth Management Limited has informed the Exchange about General Updates
Investor decks & rating reports.
Credit Rating- Revision
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Nuvama Wealth Management dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Nuvama Wealth Management has declared, sequenced by announce and record date.
Nuvama Wealth Management corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Nuvama Wealth Management Ltd: business, sector, key facts.
What Nuvama Wealth Management Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Nuvama Wealth Management Ltd operates in the Financial Services, listed as NSE: NUVAMA, BSE: 543988.
Nuvama Wealth Management Limited is a prominent financial services company operating in India, offering a diverse range of services across wealth management, asset management, and capital markets. Their comprehensive approach caters to both individual and institutional clients, solidifying their position as a major player in the Indian financial landscape.
A core component of Nuvama's business is wealth management, encompassing a suite of services designed to help clients grow and protect their assets. This includes providing portfolio management services, offering tailored investment advice, and facilitating the distribution of various financial products. The company actively guides clients in making informed investment decisions based on their individual financial goals and risk tolerance.
Nuvama also possesses a robust asset management division. This segment involves managing investments for various clients, including alternative investment funds. This requires expertise in diverse investment strategies and a deep understanding of market dynamics to maximize returns for their clients while managing inherent risks. The firm's expertise extends to navigating complex investment scenarios, identifying lucrative opportunities, and strategically allocating assets to achieve optimal results.
The company's capital markets business is another crucial aspect of its operations. This segment engages in institutional broking, providing services to institutional investors, such as facilitating trades in securities and offering insightful market analysis. Furthermore, Nuvama offers debt advisory and clearing services, playing a vital role in debt financing transactions and ensuring smooth and efficient settlement processes. Lending against securities is also an integral part of their capital markets offerings.
In summary, Nuvama Wealth Management Limited presents a comprehensive financial services platform. Their integrated approach encompassing wealth management, asset management, and capital markets allows them to provide a holistic service offering to a wide range of clients. Having built a strong reputation within the Indian market since its incorporation in 1993, and rebranding in 2022, the company continues to grow its presence and influence in the sector.
Questions investors ask about Nuvama Wealth Management Ltd (NUVAMA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Nuvama Wealth Management Ltd (NUVAMA)?
The current share price of Nuvama Wealth Management Ltd (NUVAMA) is ₹1,588.1. Today, the stock has gained by ₹77.90 (5.16%), trading in a range of ₹1,521.5 to ₹1,597.9. The stock opened at ₹1,539 with a trading volume of 4,74,650 shares.
02Is Nuvama Wealth Management Ltd stock a good investment for long-term?
Nuvama Wealth Management Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹28,908.19 crores, P/E ratio of 28.57, ROE of 27.32%, and ROCE of 20.40%. The dividend yield stands at 1.85%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Nuvama Wealth Management Ltd stock?
The 52-week high price of Nuvama Wealth Management Ltd (NUVAMA) is ₹0, while the 52-week low is ₹0. Currently trading at ₹1,588.1, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Nuvama Wealth Management Ltd stock at the current price?
Whether to buy Nuvama Wealth Management Ltd stock at ₹1,588.1 depends on multiple factors. The stock is currently trading with a P/E ratio of 28.57 and P/B ratio of 7.01. Today's performance shows a gain of 5.16%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Nuvama Wealth Management Ltd and when is the next dividend?
Nuvama Wealth Management Ltd offers a dividend yield of 1.85%, which means for every ₹100 invested at the current price of ₹1,588.1, you can expect to receive approximately ₹1.85 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Nuvama Wealth Management Ltd?
Nuvama Wealth Management Ltd's key financial metrics include: P/E Ratio: 28.57, P/B Ratio: 7.01, ROE: 27.32%, ROCE: 20.40%, Dividend Yield: 1.85%, EPS: ₹55.58, Book Value: ₹226.45, and Debt-to-Equity: 282.33. The company's market cap stands at ₹28,908.19 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Nuvama Wealth Management Ltd stock performing today in the market?
Nuvama Wealth Management Ltd stock opened at ₹1,539 and is currently trading at ₹1,588.1, showing a gain of ₹77.90 (5.16%). The intraday high is ₹1,597.9 and low is ₹1,521.5. The trading volume stands at 4,74,650 shares, indicating moderate market participation today.
08What is the P/E ratio of Nuvama Wealth Management Ltd and what does it indicate?
Nuvama Wealth Management Ltd has a Price-to-Earnings (P/E) ratio of 28.57, which means investors are willing to pay ₹28.57 for every ₹1 of earnings. With an EPS of ₹55.58, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Nuvama Wealth Management Ltd (NUVAMA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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