Edelweiss Financial Services logo

Edelweiss Financial Services share price

NSE: EDELWEISSBSE: 532922FinanceSmall Cap

Edelweiss Financial Services Limited · Formerly Edelweiss Capital · Face value ₹1 · Listed Dec 2007
Last close ₹126.60up ₹3.79 (3.09%)BSE ₹126.55

Share price at the NSE close on 28 Oct 2026. Previous close ₹122.81.

28 Oct: open ₹122.90, high ₹127.30, low ₹122.00

52-week range of traded prices to 28 Oct 2026
₹98.00Low, 9 Dec 2025₹146.00High, 23 Sep 2026
Market cap
₹11,983 Cr532nd largest listed
P/E
19.90
P/E without one-offs
17.10
P/B
2.59
Dividend yield
1.18%
ROE
13.3%
ROE without one-offs
15.5%
ROCE
11.3%
Debt to equity
3.11
Volume, NSE
44,00,14246.6% delivered

Edelweiss Financial Services share price chart

Daily closes since Dec 2007, adjusted for splits and bonuses, with the demerger of Jun 2023 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

+5.9%over a year · Nifty Microcap 250 +2.3% · Nifty 500 −8.8%

Results20-session average 43,16,479 shares a day, 45.8% delivered

About Edelweiss Financial Services

Edelweiss Financial Services Limited is a Mumbai-based financial services group with businesses in alternative asset management, mutual funds, asset reconstruction (buying bad loans from lenders to recover them), lending to small businesses, housing finance, general insurance and life insurance.123 It serves companies, institutions and individuals, including Indian households.45

Each business sits in its own company: EAAA India Alternatives, Edelweiss Asset Management, Edelweiss Asset Reconstruction Company, ECL Finance, Nido Home Finance, Zuno General Insurance and Edelweiss Life Insurance Company.6 The mutual fund is sold as Edelweiss Mutual Fund, and its specialised investment funds (SIFs, a fund type for investors putting in larger sums) carry the Altiva name.789

It was incorporated in 1995.2 It started as a boutique investment bank, expanded into lending, broking, asset management and life insurance, and listed in 2007.10 It later demerged Nuvama, its wealth management business, and distributed it to Edelweiss shareholders.1112 From 2020 it gave each business its own board and management.13 Its entity count (the number of companies in the group) came down from 67 in 2016 to 29 in Mar 2026.1314

Its promoters are Rashesh Shah, its Chairman and Managing Director, Venkatchalam Ramaswamy and Vidya Shah.1516 On its earnings call of 6 Aug 2026, Rashesh Shah said the company owns 100% of Zuno, 85% of the mutual fund company and 83% to 84% of the asset reconstruction company.17

Edelweiss Financial Services key points

Results

  • In the quarter to Jun 2026, consolidated revenue was ₹2,419 crore. Profit attributable to shareholders was ₹122 crore, up 83% from a year earlier, and profit including outside shareholders' share in subsidiaries was ₹134 crore, up 31%.18
  • In the year to Mar 2026, consolidated total income was ₹10,865 crore, against ₹9,519 crore a year earlier, and profit including outside shareholders' share in subsidiaries rose 27% to ₹680 crore.1920
  • Profit attributable to shareholders for the year to Mar 2026 was ₹547 crore, and consolidated return on equity (profit as a share of shareholders' funds) was 11.9%, against 8.2% a year earlier.2122

Profit by business

  • Profit by business before outside shareholders' share, ₹ crore, losses in brackets2324
    Itemquarter to Jun 2026quarter to Jun 2025
    Alternative asset management8156
    Mutual fund3728
    Asset reconstruction7690
    Lending to small businesses (NBFC)46
    Housing finance(5)4
    General insurance(4)(6)
    Life insurance(30)2
    Corporate (holding company)(26)(76)
    Life insurance's profit for the quarter to Jun 2025 included one-off treasury gains of ₹49 crore.

Asset management

  • EAAA India Alternatives. In the quarter to Jun 2026, EAAA's fee-paying assets under management (client money earning it fees) grew 27% to ₹48,623 crore, and its annualised return on equity was 29%.25
  • EAAA fee-paying assets by strategy2627
    ItemMar 2026
    Real assets₹25,403 crore (57%)
    Private credit₹19,307 crore (43%)
    Real assets are infrastructure and commercial property; private credit is lending to companies and projects.
  • Edelweiss Mutual Fund. At the end of Jun 2026, the mutual fund managed ₹1,76,200 crore, up 16%, including ₹96,000 crore in equity, up 32%; its SIP book (money invested through regular instalment plans) was ₹696 crore, up 63%.28

Credit businesses

  • Edelweiss Asset Reconstruction. In the quarter to Jun 2026, the asset reconstruction company recovered ₹304 crore and bought ₹300 crore of retail assets; retail assets were 26% of its capital employed.29
  • ECL Finance. In the quarter to Jun 2026, ECL Finance disbursed ₹353 crore of loans to small businesses (MSMEs), triple a year earlier, and its gross loan book rose 90% to ₹2,127 crore. Gross bad loans (GNPA) were 2.19% of loans.30
  • ECL Finance's older wholesale loan book, which the company is winding down, was ₹600 crore at the end of Jun 2026.3132
  • Nido Home Finance. Nido, an affordable housing lender, had loans under management of ₹4,900 crore at the end of Jun 2026, up 14%, with gross bad loans at 2.91%; it had 68 branches at the end of Mar 2026.3334

Insurance

  • Zuno General Insurance. In the quarter to Jun 2026, Zuno's gross written premium (all premium booked) rose 58% to ₹415 crore, with motor insurance 52% of it; gross direct premium (premium on policies it writes directly) grew 62%, against 11% for the industry.3536
  • Edelweiss Life Insurance. In the quarter to Jun 2026, gross premium was ₹287 crore and assets under management rose 13% to ₹10,933 crore; embedded value (the value of its net assets and policies in force) was ₹2,306 crore.37

Branches and reach

  • The group's customer reach was 14 million at the end of Jun 2026, up 30%. Reach counts mutual fund folios, people covered by group life policies and general insurance customers since inception.3824

What the company expects

  • On its earnings call of 6 Aug 2026, the company said it expects both insurance businesses to break even for the year to Mar 2027.39
  • On its earnings call of 6 Aug 2026, the company said it expects its corporate debt, about ₹5,700 crore, to fall below ₹4,000 crore once the Nido transaction and the EAAA listing close.40
  • On its earnings call of 6 Aug 2026, the company said ECL Finance is looking at about ₹2,000 crore of loans to small businesses in the year to Mar 2027.4142
  • In its exchange filing of 6 Aug 2026, the company said Carlyle's investment in Nido Home Finance was expected to close in September 2026; the company's documents give no outcome. Its annual report of 3 Sep 2026 put the investment at ₹2,100 crore.4344

Recent events

  • On 19 Oct 2026, EAAA India Alternatives filed its prospectus for a public offering in which a wholly owned Edelweiss subsidiary sells shares worth up to ₹12,000 million. The offer was to close on 28 Oct 2026; the company's documents give no outcome.45
  • On 6 Aug 2026, the board approved a public issue of non-convertible debentures (bonds that cannot be turned into shares) of up to ₹1,000 crore; on 27 Aug 2026, Brickwork Ratings rated the programme BWR A+/Positive.4647
  • Edelweiss Asset Management, the mutual fund company, became a jointly controlled entity instead of a subsidiary on 17 Dec 2025; WestBridge Capital is a strategic partner in the business.4849

Last updated

All 49 sources, each with its page
  1. 1. Exchange filing, 6 Aug 2026, page 5
  2. 2. Annual report, 3 Sep 2026, page 1
  3. 3. Annual report, 3 Sep 2026, page 84
  4. 4. Annual report, 3 Sep 2026, page 38
  5. 5. Annual report, 3 Sep 2026, page 31
  6. 6. Annual report, 3 Sep 2026, page 14
  7. 7. Annual report, 3 Sep 2026, page 82
  8. 8. Annual report, 3 Sep 2026, page 26
  9. 9. Investor presentation, 6 Aug 2026, page 26
  10. 10. Annual report, 3 Sep 2026, page 27
  11. 11. Earnings call, 6 Aug 2026, page 15
  12. 12. Annual report, 3 Sep 2026, page 29
  13. 13. Annual report, 3 Sep 2026, page 27
  14. 14. Annual report, 3 Sep 2026, page 27
  15. 15. Annual report, 3 Sep 2026, page 111
  16. 16. Annual report, 3 Sep 2026, page 6
  17. 17. Earnings call, 6 Aug 2026, page 16
  18. 18. Exchange filing, 6 Aug 2026, page 2
  19. 19. Annual report, 3 Sep 2026, page 77
  20. 20. Annual report, 3 Sep 2026, page 25
  21. 21. Annual report, 3 Sep 2026, page 4
  22. 22. Annual report, 3 Sep 2026, page 79
  23. 23. Investor presentation, 6 Aug 2026, page 9
  24. 24. Investor presentation, 6 Aug 2026, page 44
  25. 25. Investor presentation, 6 Aug 2026, page 24
  26. 26. Annual report, 3 Sep 2026, page 81
  27. 27. Annual report, 3 Sep 2026, page 82
  28. 28. Investor presentation, 6 Aug 2026, page 26
  29. 29. Investor presentation, 6 Aug 2026, page 29
  30. 30. Investor presentation, 6 Aug 2026, page 31
  31. 31. Investor presentation, 6 Aug 2026, page 11
  32. 32. Earnings call, 6 Aug 2026, page 3
  33. 33. Investor presentation, 6 Aug 2026, page 34
  34. 34. Annual report, 3 Sep 2026, page 85
  35. 35. Investor presentation, 6 Aug 2026, page 11
  36. 36. Investor presentation, 6 Aug 2026, page 36
  37. 37. Investor presentation, 6 Aug 2026, page 38
  38. 38. Investor presentation, 6 Aug 2026, page 8
  39. 39. Earnings call, 6 Aug 2026, page 3
  40. 40. Earnings call, 6 Aug 2026, page 16
  41. 41. Earnings call, 6 Aug 2026, page 12
  42. 42. Earnings call, 6 Aug 2026, page 11
  43. 43. Exchange filing, 6 Aug 2026, page 2
  44. 44. Annual report, 3 Sep 2026, page 25
  45. 45. Exchange filing, 20 Oct 2026, page 1
  46. 46. Exchange filing, 6 Aug 2026, page 1
  47. 47. Exchange filing, 27 Aug 2026, page 1
  48. 48. Annual report, 3 Sep 2026, page 62
  49. 49. Annual report, 3 Sep 2026, page 25
Revenue growth, 12 months
+14.0%
Net profit growth, 12 months
+48.0%

Quarter to Jun 2026, against the quarter before

Revenue
₹2,329 Crup 21.40%
Net profit
₹134 Crup 1.83%
Net margin
5.8%

Revenue by quarter

₹2,832 CrSep 24₹1,928 CrDec 24₹2,223 CrMar 25₹2,246 CrJun 25₹1,861 CrSep 25₹4,409 CrDec 25₹1,918 CrMar 26₹2,329 CrJun 26

Net profit by quarter, a loss in red

₹137 CrSep 24₹155 CrDec 24₹158 CrMar 25₹103 CrJun 25₹175 CrSep 25₹270 CrDec 25₹132 CrMar 26₹134 CrJun 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹9,081 Cr, differs from its quarters added, ₹9,308 Cr.

₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,8321,9282,2232,2461,8614,4091,9182,329
Net profit137155158103175270132134
Net margin4.8%8.0%7.1%4.6%9.4%6.1%6.9%5.8%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Capital business₹4,970 Crup 32.62%45.7%
  • Insurance business₹3,482 Crdown 4.27%32.1%
  • Alternatives business₹964 Crup 22.53%8.9%
  • Asset reconstruction business₹930 Crup 5.39%8.6%
  • Other business₹300 Crup 38.28%2.8%
  • Mutual Fund business₹219 Crdown 11.53%2.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2024 and Mar 2025: days before it are of the company before the change.Edelweiss Financial Services PE ratio and valuation

Price to earnings

At or below today's level on 27% of 948 trading days over the last 5 years.

LowestHighest
Its median22.92Industry median11.78
Price to book

At or below today's level on 97% of 1,870 trading days since Oct 2018.

LowestHighest
Its median1.34Industry median1.37
Dividend yield

At or below today's level on 44% of 2,478 trading days over the last 10 years.

LowestHighest
Its median1.26%Industry median2.55%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearWith the demerger reinvestedEarnings growthChange in P/EDividend yield
1 year+12.3%–+37.0%−19.1%1.5%
3 years+25.6%+55.1%+14.7%+7.9%1.8%
5 years+11.7%+26.7%+14.2%−4.1%2.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Edelweiss Financial Services shareholding pattern

Shareholding by group

  • Promoters31.54%
  • Foreign institutions18.74%
  • Indian institutions7.89%
  • Individuals and others41.83%
Holder
Rashesh Chandrakant ShahPromoter16.88%
Mabella Trustee Services Private Limited (on behalf of M/s. Shah Family Discretionary Trust)Promoter4.09%
Vidya Rashesh ShahPromoter3.73%
Venkatchalam A RamaswamyPromoter3.65%
Aparna T ChandrashekarPromoter2.54%
College Retirement Equities Fund - Total Global Stock AccountForeign portfolio investors, category I2.48%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 10.18% of their shares. Since Jun 2026: promoters −0.72 pts, foreign institutions −0.73 pts, Indian institutions +0.64 pts, mutual funds +1.15 pts.

Mutual fund holdings

16 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 7 of the 14 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 16 funds holding Edelweiss Financial Services

Bought for the first time
1
Added
7
Cut
7
Held unchanged
1
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Edelweiss Financial Services insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 16 pledge filings of unclear kind
  • Others: no market trade · 23 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Edelweiss Financial Services competitors and peers

Holding Company, 15 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Edelweiss Financial Services in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Bajaj Finserv logoBajaj FinservBAJAJFINSV2,64,72526.103.40+14.4%+6.5%13.5%–2.79%8.00%0.09%
Bajaj Holdings & Investment logoBajaj Holdings & InvestmentBAJAJHLDNG1,16,42413.141.59+30.2%+5.5%13.0%1.1%––1.86%
Choice International logoChoice InternationalCHOICEIN16,31667.149.76+26.6%–18.0%14.7%––0.00%
JM Financial logoJM FinancialJMFINANCIL10,83610.421.02−5.2%−5.8%10.2%9.9%––2.87%
Rane Holdings logoRane HoldingsRANEHOLDIN2,08324.671.81+25.8%–7.5%9.9%––3.22%
BF Investment logoBF InvestmentBFINVEST1,4753.790.17+22.7%+398.7%5.0%0.8%––2.55%
Balmer Lawrie Investments logoBalmer Lawrie InvestmentsBLIL1,3817.710.96+8.8%+2.4%12.7%12.7%––6.91%
Abans Financial Services logoAbans Financial ServicesAFSL1,0308.020.82+427.8%+17.1%11.0%9.7%––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments.

Dividends

Per share, by the year it was paid for, and the latest payments.Edelweiss Financial Services dividend history

Dividend per share, ₹, restated for later splits and bonuses

1.3Mar 171.4Mar 181.4Mar 19Mar 201.5Mar 211.5Mar 221.5Mar 231.5Mar 241.5Mar 251.5Mar 26
Highest ₹1.50 a share, in 4 years, the latest the year to Mar 2026.
Ex-dateTypePer share
11 Sep 2026Final₹1.50
11 Sep 2025Final₹1.50
17 Sep 2024Final₹1.50
18 Sep 2023Final₹1.25
13 Apr 2023Interim₹0.25
25 Aug 2022Final₹1.20
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Edelweiss Financial Services announcements

Edelweiss Financial Services share price by year

Each calendar year to 2025.Edelweiss Financial Services share price history

YearClose at year endChangeHighest closeLowest close
2025108.06−12.7%126.4474.97
2024123.79+59.0%142.0560.52
2023Demerger77.85+21.5%83.7036.75
202264.05−11.0%75.9050.70
202172.00+5.0%99.5057.05
202068.55−37.2%120.2531.70
2019109.20−40.1%205.3071.25
2018182.20−38.7%339.20133.90
2017297.00+204.3%301.4596.95
201697.60+67.0%127.2045.80
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 2 Jun 2023 reinvested, the change in 2023 is +130.9%.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026122.60125.00121.60122.81122.7235,79,32060.9%
26 Oct 2026119.53126.54117.50122.91123.5655,49,56846.0%
23 Oct 2026119.85122.60112.01119.53117.9183,68,20347.5%
22 Oct 2026124.44124.64118.77119.77121.1630,24,00640.9%
21 Oct 2026130.50134.05123.50124.39126.6445,42,40446.4%
19 Oct 2026133.84134.48127.10128.16130.0023,26,53550.2%
16 Oct 2026135.01135.60132.36134.84134.3127,16,84349.3%
15 Oct 2026133.00135.40131.61134.47133.5726,81,80648.7%
14 Oct 2026133.50136.95133.13133.71134.4928,89,75239.8%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
2 Jun 2023Demerger0.5263Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
10 Aug 2010Bonus0.5000Holders received 1 bonus share for every 1 held.
10 Aug 2010Split0.2000Each share became 5.
23 Jan 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
22 Jan 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
21 Jan 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director and CEO
Rashesh Shah
At the end of the quarter to Jun 2026
NSE symbol
EDELWEISS
BSE code
532922
ISIN
INE532F01054
Industry
Finance
CIN
L99999MH1995PLC094641
Corporate identity number, the registrar of companies' code for it
Incorporated
1995
Registered office
Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai 400098, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments