āagman

Not investment advice. Data and computed figures, for information only.

Nuvama Wealth Management Ltd

NSE: NUVAMAF&O
₹1,717.20
−₹29.70 (−1.70%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹32,556 Cr
CMP
₹1,717.20
52-wk High / Low
₹7,640 / 1,097
P/E
30.1
P/B
7.8
Book Value
₹226.0
Div Yield
1.58%
ROCE
18.0%
ROE
27.4%
Face Value
₹2
D/E
2.80

Price−76.3% over 1Y

āagman read

Computed by āagman
Derived from 7 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹539
√(22.5 × EPS × book value per share)
ROIC
11.2%
vs 10.0% sector median
Cash flow to profit
−2.90
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−188
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.4%
ROE × earnings retention ratio
ROE stability
10.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.15FII +2.06DII +0.19
Latest quarter vs the previous one
Cash-accrual divergence
12.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+FII holding rose by 12.1pp over the last year
Watch-outs
−Price is 77.5% below its 52-week high
−Annualised volatility of 166.7% is in the high band (≥45%)
−Promoter holding fell by 1.8pp over the last year
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 12.9% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6487358419299491,0531,0341,1201,1231,1351,1041,2691,376
Expenses357375396464457488453545511541497641652
Operating Profit290360445465493565582575612593607629724
OPM %44.8%49.0%52.9%50.1%51.9%53.7%56.3%51.3%54.5%52.2%55.0%49.6%52.6%
Other Income43207419382208
Interest119147171183183200225215240237242258295
Depreciation22244545202124292425273627
Profit before tax153191231237297347334340351339340355411
Net Profit123145176181221257252255264254254269306
EPS (₹)7.028.2810.0110.2412.4914.4314.0514.2014.6614.0913.9614.7916.75

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 7 years + TTM
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7801,3841,7782,2233,1564,1624,6384,884
Expenses2819391,1321,3401,5911,9422,1882,331
Operating Profit4994446468831,5652,2202,4502,553
OPM %64.0%32.1%36.3%39.7%49.6%53.3%52.8%52.3%
Other Income76−56563883142538
Interest2002462783966208229771,032
Depreciation1550718913694113115
Profit before tax360−4179354068121,3181,3851,445
Net Profit286−4758573056259851,0401,082
EPS (₹)————35.4354.8257.1959.59

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital26353535353636—
Reserves1,0561,5921,8962,2192,8593,4544,085—
Borrowings1,2871,4283,5495,4136,7467,83911,544—
Other Liabilities2,8414,3975,1195,04810,74717,05918,827—
Total Liabilities5,2117,45110,59812,71620,38728,38834,491—
Fixed Assets108162219284290312280—
CWIP4221825859—
Investments6652570170170221358—
Other Assets4,4347,24210,29212,23719,92027,85033,844—
Total Assets5,2117,45110,59812,71620,38728,38834,491—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−500−1,108−1,425−1,865−1,658−373−3,014
Cash from Investing Activity−112−124−81−173−79−62−119
Cash from Financing Activity2358772,1391,8251,3166013,181
Net Cash Flow−376−354633−212−42216648

Ratios

As of 31 Mar 2026
7 periods
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—17.014.012.017.020.018.0
ROE %——————27.4
EPS (₹)————35.4354.8257.19
Book Value (₹)——————226.0
Face Value (₹)——————2
P/E——————30.1
Div Yield %——————1.58
NPM %33.4−58.035.513.719.823.622.3
OPM %64.032.036.040.050.053.053.0
D/E1.190.881.842.402.332.252.80
P/B——————7.8

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+27.0%
3 years+28.0%
TTM+13.0%
Compounded profit growth
5 years+59.0%
3 years+51.0%
TTM+5.0%
Stock price CAGR
3 years+55.0%
Last year+22.0%
Return on equity
5 years24.0%
3 years28.0%
Last year27.0%

Shareholding pattern

As of 30 Jun 2024
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters55.81%55.81%54.79%54.13%53.98%
FIIs6.91%6.91%16.58%16.94%19.00%
DIIs1.26%1.26%5.80%8.30%8.49%
Government—————
Public36.00%36.00%22.83%20.62%18.51%
No. of shareholders79,22079,2201,33,2441,22,5111,16,526
Change since Jun 2023 (pp)
Promoters −1.83FIIs +12.09DIIs +7.23Public −17.49

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Reply To Volume Movement LetterClarification sought from Nuvama Wealth Management LtdClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s Report
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJul 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingMay 2026PPTFeb 2026PPT

Corporate actions

As of 15 May 2026
15 May 2026DIVIDENDInterim Dividend - Rs 14 Per Share—
26 Dec 2025SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
11 Nov 2025DIVIDENDInterim Dividend - Rs 70 Per Share—
3 Jun 2025DIVIDENDInterim Dividend - Rs 69 Per Share—
7 Nov 2024DIVIDENDInterim Dividend - Rs 63 Per Share—
7 Aug 2024DIVIDENDInterim Dividend - Rs 81.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman