Incorporated in 1993, Nuvama Wealth Management Ltd is in the business ofbroking and trading in equity securities and is also registered as an Investment Adviser and Merchant Banker with SEBI[1]
Business Overview:[1][2]a)NWML is registered as a Trading cum Clearing Member with the NSE, BSE, MSEIL, MCX, NCEILb)Company is in the business of broking and trading in equity securities for institutional and non-institutional clients.c)It is registered with SEBI to carry on business of Research Analyst, Investment Adviser and Merchant Banking.NWML through its subsidiaries provides wealth management,asset management and custody services to its clients, along with trading in securities and derivativesd)Nuvama focuses on affluent, HNI and UHNI clients and caters to ~1.3+ million affluent and HNI clients and 4,500+ families as of Sep 2025.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Billionbrains | 161.70 | 53.23 | 99827.03 | 0.00 | 471.34 | 12.18 | 1018.74 | -9.48 | 62.57 | 4061.15 | 62.31 | 1824.37 | 471.34 | – | 20.17 | 0.05 |
| 2. | Motil.Oswal.Fin. | 839.05 | 24.86 | 50408.52 | 0.59 | 362.56 | -67.64 | 1849.11 | -34.91 | 18.67 | 7769.82 | 50.20 | 2024.23 | 362.42 | 3.94 | 7.64 | 1.22 |
| 3. | 360 ONE | 1177.30 | 42.35 | 47712.52 | 1.02 | 315.48 | 28.51 | 1114.95 | 28.87 | 14.91 | 3607.01 | 60.01 | 1126.22 | 315.48 | 5.13 | 6.20 | 1.47 |
| 4. | Nuvama Wealth | 1476.85 | 53.47 | 26850.03 | 1.94 | 46.35 | -85.37 | 187.73 | -63.59 | 30.63 | 1213.07 | 55.10 | 502.16 | 46.35 | 13.40 | 10.09 | 0.19 |
| 5. | Angel One | 2426.45 | 28.17 | 22045.59 | 1.96 | 211.73 | -49.99 | 1201.76 | -20.66 | 25.80 | 4660.51 | 32.80 | 782.19 | 211.73 | 3.78 | 7.78 | 0.77 |
| 6. | IIFL Capital | 388.40 | 20.70 | 12091.57 | 0.75 | 85.15 | -58.84 | 572.08 | -11.36 | 33.27 | 2309.18 | 37.47 | 584.84 | 84.41 | 4.29 | 8.57 | 0.62 |
| 7. | Anand Rathi Shar | 660.45 | 41.74 | 4142.73 | 0.00 | 28.59 | -13.68 | 227.08 | -1.29 | 21.26 | 843.57 | 36.92 | 103.88 | 28.59 | 3.20 | 3.50 | 0.93 |
| – | Median: 32 Co. | 144.47 | 23.21 | 1306.45 | 0.29 | 13.75 | -40.0 | 74.63 | -18.79 | 18.54 | 302.4 | 36.11 | 46.98 | 13.75 | 1.95 | 7.02 | 0.21 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 77 | 187 | 385 | 126 | 236 | 422 | 114 | 215 | 218 | 85 | 126 | 516 | 188 |
Expenses | 79 | 100 | 135 | 86 | 138 | 145 | 76 | 127 | 154 | 74 | 91 | 145 | 111 |
Operating Profit | -2 | 87 | 251 | 39 | 98 | 278 | 38 | 89 | 64 | 11 | 35 | 371 | 76 |
Other Income | 14 | 0 | 0 | 0 | 0 | 3 | 11 | 0 | 3 | 10 | 0 | 0 | 4 |
Profit before tax | -8 | 38 | 219 | 20 | 65 | 225 | 21 | 38 | 37 | 4 | 12 | 338 | 62 |
Tax % | -31% | 18% | 6% | -22% | 28% | 2% | 12% | 18% | 25% | 51% | 1% | 6% | 26% |
Net Profit | -6 | 31 | 207 | 24 | 47 | 221 | 19 | 32 | 27 | 2 | 11 | 317 | 46 |
EPS in Rs | – | 1.76 | 11.53 | 1.38 | 2.63 | 12.30 | – | 1.78 | 1.53 | – | 0.65 | 17.74 | 2.57 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 381 | 401 | 417 | 383 | 322 | 410 | 348 | 565 | 361 | 351 | 654 | 1,354 | 1,213 |
Expenses | 187 | 209 | 261 | 231 | 195 | 232 | 183 | 231 | 301 | 310 | 404 | 572 | 545 |
Operating Profit | 194 | 192 | 156 | 152 | 128 | 178 | 165 | 334 | 59 | 40 | 250 | 783 | 668 |
Other Income | 0 | 0 | 0 | 0 | 11 | 1 | 0 | -146 | 168 | 43 | -0 | 3 | 10 |
Interest | 135 | 164 | 131 | 109 | 86 | 81 | 75 | 96 | 12 | 31 | 69 | 111 | 119 |
Depreciation | 7 | 9 | 11 | 9 | 7 | 6 | 10 | 20 | 32 | 46 | 73 | 16 | 17 |
Profit before tax | 53 | 20 | 15 | 33 | 47 | 91 | 80 | 72 | 184 | 7 | 108 | 658 | 543 |
Net Profit | 42 | 19 | 15 | 22 | 43 | 79 | 62 | 64 | 188 | 6 | 98 | 598 | 502 |
EPS in Rs | – | – | – | – | – | – | – | – | – | – | 5.56 | 33.22 | 27.93 |
Dividend Payout % | 0% | 104% | 0% | 0% | 70% | 0% | 0% | 175% | 0% | 0% | 0% | 87% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 35 | 17 | 35 | 35 | 36 | 36 |
Reserves | 415 | 409 | 425 | 446 | 420 | 354 | 389 | 1,462 | 1,575 | 1,591 | 1,696 | 1,899 | 1,947 |
Borrowings | 642 | 494 | 397 | 836 | 399 | 523 | 675 | 48 | 0 | 316 | 595 | 757 | 371 |
Other Liabilities | 742 | 1,101 | 1,234 | 364 | 414 | 1,028 | 149 | 163 | 362 | 312 | 2,224 | 4,593 | 385 |
Total Liabilities | 1,826 | 2,031 | 2,082 | 1,672 | 1,259 | 1,932 | 1,239 | 1,708 | 1,954 | 2,254 | 4,551 | 7,285 | 2,739 |
Fixed Assets | 38 | 39 | 37 | 33 | 31 | 30 | 92 | 107 | 87 | 174 | 133 | 157 | 149 |
Gross Block | 64.10 | 75.20 | 83.05 | 80.87 | 37.35 | 41.79 | 109.67 | 167.13 | 166.84 | 285.35 | 326.39 | 363.16 | – |
Accumulated Depreciation | 25.76 | 35.95 | 45.93 | 47.53 | 6.39 | 11.95 | 17.43 | 60.23 | 79.81 | 111.23 | 193.22 | 206.24 | – |
CWIP | 0 | 0 | 1 | 3 | 0 | 2 | 0 | 0 | 2 | 1 | 0 | 1 | 0 |
Investments | 231 | 299 | 308 | 371 | 356 | 289 | 547 | 1,171 | 1,286 | 1,319 | 1,333 | 1,356 | 1,358 |
Other Assets | 1,556 | 1,693 | 1,736 | 1,265 | 872 | 1,611 | 600 | 431 | 579 | 760 | 3,085 | 5,771 | 1,232 |
Total Assets | 1,826 | 2,031 | 2,082 | 1,672 | 1,259 | 1,932 | 1,239 | 1,708 | 1,954 | 2,254 | 4,551 | 7,285 | 2,739 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | – | -93 | 842 | -21 | 219 | 301 | 178 | -270 | -172 | 57 |
Cash from Investing Activity | – | – | – | -68 | -1 | 111 | -247 | -500 | -130 | -82 | -82 | 395 |
Cash from Financing Activity | – | – | – | 341 | -1,074 | -51 | 19 | 175 | -4 | 286 | 252 | -386 |
Net Cash Flow | – | – | – | 181 | -233 | 40 | -10 | -23 | 45 | -66 | -2 | 66 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 59 | 75 | 142 | 41 | 771 | 50 | 39 | 50 | 61 | 89 | 47 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 43 | 59 | 75 | 142 | 41 | 771 | 50 | 39 | 50 | 61 | 89 | 47 |
Working Capital Days | -275 | -865 | -883 | -161 | -142 | -3 | 39 | 40 | -127 | 75 | 7 | 137 |
ROCE % | 14% | 18% | 16% | 13% | 11% | 20% | 16% | 24% | 3% | 2% | 8% | 31% |
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Stock Analysis
Nuvama Wealth Management Limited is a financial services company engaged in broking, investment advisory, and wealth, asset, and custody management, catering to affluent and HNI clients.
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