Nuvama Wealth Management share price
NSE: NUVAMABSE: 543988Capital MarketsSmall Cap
Nuvama Wealth Management Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 2023
Last close ₹1,736.00down ₹47.90 (2.69%)BSE ₹1,746.10
Share price at the NSE close on 30 Oct 2026. Previous close ₹1,783.90.
30 Oct: open ₹1,782.90, high ₹1,799.00, low ₹1,700.80
52-week range of traded prices to 30 Oct 2026
₹1,096.90Low, 23 Mar 2026₹2,066.00High, 24 Jul 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹32,032 Cr304th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 29.58
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.77
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.61%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 28.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 15.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 2.80
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,11,60359.4% delivered
About Nuvama Wealth Management
Nuvama Wealth Management is a Mumbai-based wealth management company serving ultra-high-net-worth families, high-net-worth and affluent individuals, family offices, corporates and institutions.12 It serves wealthy individuals under the brands Nuvama Private, for ultra-high-net-worth clients, and Nuvama Wealth, for affluent and high-net-worth clients.3
The business runs as 4 segments: wealth management, asset management, asset services and capital markets.4 The wealth business offers investment advisory, portfolio management, estate planning, lending and broking.5 Asset management runs alternative funds in private markets, public markets and commercial real estate; asset services provides custody and clearing for asset managers; capital markets offers institutional equities and investment banking.67 Outside India it has a presence in New York, London, Hong Kong, Singapore, Dubai and Mauritius.8
It was incorporated on 20 Aug 1993.9 Its wealth management business was carved out and demerged from Edelweiss, and its shares were listed on the BSE and NSE on 26 Sep 2023.1011 PAG, an Asia-based alternative investment manager, is the promoter and majority owner, through the holding company PAGAC Ecstasy Pte. Limited; the promoter group held 54.13% of the shares on 31 Mar 2026.12913
Nuvama Wealth Management key points
Results
- In the quarter to Jun 2026, net revenue (revenue less finance costs and variable business expenses, as the company presents it) was ₹909 crore, up 18%.1415
- Operating profit after tax (before one-time items, as the company defines it) was ₹306 crore in the quarter to Jun 2026, up 16%, its highest quarterly profit.161718
- In the year to Mar 2026, consolidated net revenue (after finance costs and variable business expenses) was ₹3,122 crore, up 8%, and consolidated profit after tax attributable to the company's owners was ₹1,041 crore, up 6%.191520
Market position
- Nuvama's investment banking business raised its share of the IPO market to 19% by value in the year to Mar 2026.21
- Nuvama's fixed income advisory ranked No. 1 in public debt issues and No. 3 among arrangers of private placements in the year to Mar 2026.21
- In India, Nuvama's asset services business won about 20% of all incremental (new) accounts opened in the year to Mar 2026, the company says.22
Business segments
- Wealth management. In the quarter to Jun 2026, wealth management net revenue (after finance costs and variable business expenses) rose 19% to ₹447 crore: Nuvama Wealth brought ₹250 crore, up 13%, and Nuvama Private ₹198 crore, up 27%.2315
- Asset management. Nuvama Asset Management's management fees rose 24% in the quarter to Jun 2026; its commercial real estate funds are a 50:50 joint venture with Cushman & Wakefield.24
- Asset services. Custody and clearing for 275+ clients, including foreign institutional investors, alternative investment funds and portfolio managers. Asset services net revenue rose 34% to about ₹260 crore in the quarter to Jun 2026.252615
- Capital markets. Institutional equities (research and distribution) and investment banking (IPOs, QIPs, private equity, M&A and fixed income) for 900+ institutional clients. In the quarter to Jun 2026, capital markets net revenue was about flat; its fixed income business grew more than 2 times.252715
Client assets
- Client assets (money clients hold or invest through the group), end of Jun 2026, with growth over a year2829
Item quarter to Jun 2026 Total ₹5,36,139 crore, up 16% Nuvama Private ₹2,40,197 crore, up 10% Asset services (custody and clearing) ₹1,58,986 crore, up 25% Nuvama Wealth ₹1,23,695 crore, up 17% Asset management (assets under management) ₹13,261 crore, up 12% - At the end of Jun 2026, Nuvama Wealth's managed products and investment solutions (MPIS) assets were ₹42,795 crore, up 32%, and Nuvama Private's assets earning annual recurring fees (ARR) were ₹58,521 crore, up 21%.3031
- Nuvama Wealth's loan book crossed ₹5,000 crore in the quarter to Jun 2026; the wealth platform's lending covers loans against securities, ESOP funding and margin trading.3233
Branches and reach
- At the end of Jun 2026, Nuvama Wealth had 1.3+ million clients, 1,100+ relationship managers and 8,500+ active external wealth managers (independent advisers who distribute its products), across 500+ locations in India including 75+ branches.34
- At the end of Jun 2026, Nuvama Private served 4,850+ families through 150+ relationship managers.35
Expansion and capital spending
- The PRIME Offices Fund, its commercial real estate fund, reached final close at about ₹4,000 crore in the quarter to Jun 2026, against an initial target of ₹3,000 crore.24
- On its earnings call of 31 Jul 2026, the company said it aimed to launch a second real estate fund of ₹4,000 to ₹5,000 crore by the end of the quarter to Dec 2026, after deploying about 70% of the PRIME fund.36
- On its earnings call of 31 Jul 2026, the company said it expects to launch its first private credit fund by the end of the quarter to Dec 2026.36
What the company expects
- On its earnings call of 31 Jul 2026, the company said it expects asset services revenue growth of more than 20 to 25% in the year to Mar 2027, with some moderation in quarterly growth.37
- On its earnings call of 31 Jul 2026, the company said asset management would post a cumulative loss of about ₹35 to ₹40 crore in the year to Mar 2027, then move towards breakeven.37
Recent events
- SEBI registered Nuvama Mutual Fund on 8 Jun 2026 and, on 19 Oct 2026, approved Numa SIF, a specialised investment fund (a fund type between mutual funds and portfolio management) of Nuvama Asset Management.3839
- On 2 Sep 2026 the Supreme Court set aside orders directing subsidiary Nuvama Clearing Services to reinstate securities liquidated during settlement, a case from its former professional clearing business.40
- On 19 Jun 2026 CRISIL upgraded the company's long-term credit rating (an opinion on its ability to repay debt) to AA/Stable from AA-/Positive.41
- On 23 Jan 2026 the board approved evaluating strategies for value discovery, including how to organise its business segments; the company's documents give no outcome.42
Last updated
All 42 sources, each with its page
- 1. Annual report, 3 Sep 2026, page 7
- 2. Annual report, 3 Sep 2026, page 1
- 3. Annual report, 3 Sep 2026, page 92
- 4. Annual report, 3 Sep 2026, page 62
- 5. Annual report, 3 Sep 2026, page 55
- 6. Investor presentation, 30 Jul 2026, page 39
- 7. Annual report, 3 Sep 2026, page 8
- 8. Annual report, 3 Sep 2026, page 11
- 9. Annual report, 3 Sep 2026, page 180
- 10. Investor presentation, 30 Jul 2026, page 11
- 11. Investor presentation, 30 Jul 2026, page 56
- 12. Investor presentation, 30 Jul 2026, page 9
- 13. Annual report, 3 Sep 2026, page 88
- 14. Investor presentation, 30 Jul 2026, page 24
- 15. Investor presentation, 30 Jul 2026, page 56
- 16. Investor presentation, 30 Jul 2026, page 25
- 17. Investor presentation, 30 Jul 2026, page 2
- 18. Investor presentation, 30 Jul 2026, page 26
- 19. Annual report, 3 Sep 2026, page 62
- 20. Annual report, 3 Sep 2026, page 62
- 21. Annual report, 3 Sep 2026, page 59
- 22. Annual report, 3 Sep 2026, page 59
- 23. Investor presentation, 30 Jul 2026, page 3
- 24. Investor presentation, 30 Jul 2026, page 42
- 25. Investor presentation, 30 Jul 2026, page 43
- 26. Earnings call, 31 Jul 2026, page 9
- 27. Investor presentation, 30 Jul 2026, page 46
- 28. Investor presentation, 30 Jul 2026, page 24
- 29. Investor presentation, 30 Jul 2026, page 4
- 30. Investor presentation, 30 Jul 2026, page 33
- 31. Investor presentation, 30 Jul 2026, page 38
- 32. Investor presentation, 30 Jul 2026, page 33
- 33. Investor presentation, 30 Jul 2026, page 10
- 34. Investor presentation, 30 Jul 2026, page 29
- 35. Investor presentation, 30 Jul 2026, page 34
- 36. Earnings call, 31 Jul 2026, page 6
- 37. Earnings call, 31 Jul 2026, page 7
- 38. Annual report, 3 Sep 2026, page 62
- 39. Exchange filing, 19 Oct 2026, page 1
- 40. Exchange filing, 2 Sep 2026, page 2
- 41. Exchange filing, 19 Jun 2026, page 1
- 42. Exchange filing, 23 Jan 2026, page 1
Results
Consolidated; ₹ crore.Nuvama Wealth Management quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.2%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,376 Crup 8.44%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹306 Crup 13.71%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 22.2%
Revenue by quarter
Peak revenue ₹1,376 Cr, quarter to Jun 2026; lowest ₹1,032 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,051 | 1,032 | 1,120 | 1,123 | 1,135 | 1,104 | 1,269 | 1,376 |
| Net profit | 257 | 252 | 255 | 264 | 254 | 254 | 269 | 306 |
| Net margin | 24.5% | 24.4% | 22.8% | 23.5% | 22.4% | 23.0% | 21.2% | 22.2% |
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.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,631 Crup 11.36%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,040 Crup 5.60%
- Net margin
- 22.5%
Revenue by year
Peak revenue ₹4,631 Cr, year to Mar 2026; lowest ₹3,151 Cr, year to Mar 2024
Net profit by year, a loss in red
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 3,151 | 4,158 | 4,631 |
| Net profit | 625 | 985 | 1,040 |
| Net margin | 19.8% | 23.7% | 22.5% |
Consolidated. Years to March. 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
- Wealth management businessWealth management business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,761 Crup 20.43%57.4%
- Capital markets businessCapital markets business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,916 Crdown 7.08%39.8%
- Asset management businessAsset management business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹136 Crup 8.59%2.8%
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.Nuvama Wealth Management PE ratio and valuation
Price to earnings
At or below today's level on 77% of 614 trading days since May 2024.
LowestHighest
Its median26.80Industry median16.95
Price to book
At or below today's level on 82% of 732 trading days since Nov 2023.
LowestHighest
Its median6.97Industry median1.40
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 43% of 744 trading days over the last 3 years.
LowestHighest
Its median1.76%Industry median0.78%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −2.0% | +4.1% | −8.2% | 2.4% |
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.
Mutual fund holdings
71 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 49 of the 54 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 71 funds holding Nuvama Wealth Management
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 43
- CutCut. Funds that held fewer shares than at the end of the month before.
- 11
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 16
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 64,54,667 | 1.60% | ₹1,066.6 Cr |
 Invesco India Focused FundInvesco Mutual Fund | 17,86,085 | 4.74% | ₹295.2 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 6,00,000 | 0.28% | ₹99.2 Cr |
| Kotak Aggressive Hybrid FundKotak Mahindra Mutual Fund | 3,90,367 | 0.71% | ₹64.5 Cr |
| Invesco India Financial Services FundInvesco Mutual Fund | 3,73,787 | 3.45% | ₹61.8 Cr |
| Invesco India Flexi Cap FundInvesco Mutual Fund | 3,02,885 | 0.92% | ₹50.1 Cr |
| Invesco India ELSS Tax Saver FundInvesco Mutual Fund | 2,22,882 | 1.42% | ₹36.8 Cr |
 Tata Nifty Capital Markets Index FundTata Mutual Fund | 1,74,291 | 2.99% | ₹28.8 Cr |
| Kotak Banking & Financial Services FundKotak Mahindra Mutual Fund | 1,50,640 | 1.72% | ₹24.9 Cr |
 Bajaj Finserv Large & Mid Cap FundBajaj Finserv Mutual Fund | 1,44,606 | 1.03% | ₹23.9 Cr |
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 1 Nov 2025.Nuvama Wealth Management insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 52 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.
Nuvama Wealth Management competitors and peers
Stockbroking & Allied, 44 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Nuvama Wealth Management in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Billionbrains Garage VenturesGROWW | 1,20,152 | 44.60 | 10.39 | – | – | 28.5% | 30.2% | 0.00% |
 Motilal Oswal Financial ServicesMOTILALOFS | 56,797 | 21.05 | 3.65 | +44.4% | +33.3% | 19.0% | 11.8% | 0.64% |
 360 ONE WAM360ONE | 42,245 | 33.89 | – | +29.4% | +10.7% | 12.7% | 9.8% | 1.37% |
 Angel OneANGELONE | 25,814 | 22.34 | 3.87 | +21.3% | +47.7% | 18.5% | 14.8% | 2.29% |
 IIFL Capital ServicesIIFLCAPS | 10,970 | 17.91 | 3.17 | +11.6% | +4.6% | 19.5% | 15.1% | 0.86% |
 Share India SecuritiesSHAREINDIA | 3,850 | 10.13 | 1.33 | +28.9% | +36.8% | 14.0% | 16.7% | 1.02% |
 Anand Rathi Share and Stock BrokersARSSBL | 2,925 | 20.34 | 2.12 | – | – | 10.7% | 13.8% | 1.08% |
 Monarch Networth CapitalMONARCH | 2,790 | 14.48 | 2.62 | +27.1% | +24.0% | 19.8% | 22.5% | 0.28% |
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. 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.
Dividends
Per share, by the year it was paid for, and the latest payments.Nuvama Wealth Management dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹42.70 a share, year to Mar 2025.
| Ex-date | Type | Per share |
|---|---|---|
| 15 May 2026 | Interim | ₹14.00 |
| 11 Nov 2025 | Interim | ₹70.00 |
| 3 Jun 2025 | Interim | ₹69.00 |
| 7 Nov 2024 | Interim | ₹63.00 |
| 7 Aug 2024 | Interim | ₹81.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Nuvama Wealth Management announcements
Oct 2026
6 Oct · Reply To Volume Movement Letter
Sep 2026
28 Sep · Meeting
21 Sep · Disclosure
Nuvama Wealth Management share price by year
Each calendar year to 2025.Nuvama Wealth Management share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,480.50 | +6.9% | 1,657.50 | 1,010.84 |
| 2024 | 1,384.87 | +92.9% | 1,478.79 | 644.94 |
| 2023 | 717.99 | – | 742.45 | 435.34 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 26 Sep 2023.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 1,740.00 | 1,791.20 | 1,711.00 | 1,783.90 | 1,753.67 | 2,46,219 | 49.1% |
| 28 Oct 2026 | 1,690.80 | 1,761.60 | 1,660.20 | 1,744.70 | 1,732.23 | 2,77,034 | 49.6% |
| 27 Oct 2026 | 1,657.70 | 1,700.00 | 1,649.50 | 1,690.80 | 1,681.68 | 92,564 | 44.0% |
| 26 Oct 2026 | 1,641.60 | 1,669.80 | 1,609.50 | 1,659.00 | 1,649.00 | 1,15,436 | 37.8% |
| 23 Oct 2026 | 1,662.50 | 1,671.80 | 1,595.00 | 1,661.90 | 1,632.41 | 3,74,374 | 48.3% |
| 22 Oct 2026 | 1,680.00 | 1,700.90 | 1,652.60 | 1,669.50 | 1,678.38 | 3,07,806 | 49.2% |
| 21 Oct 2026 | 1,671.00 | 1,715.80 | 1,658.00 | 1,695.80 | 1,690.44 | 5,40,497 | 49.3% |
| 19 Oct 2026 | 1,698.00 | 1,702.00 | 1,673.00 | 1,683.80 | 1,688.07 | 1,69,113 | 53.7% |
| 16 Oct 2026 | 1,730.00 | 1,743.30 | 1,694.80 | 1,706.10 | 1,717.02 | 2,71,146 | 55.0% |
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.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 26 Dec 2025 | Split | 0.2000 | Each share became 5. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- NUVAMA
- BSE code
- 543988
- ISIN
- INE531F01023
- Industry
- Capital Markets
- Website
- www.nuvama.com
- CIN
- L67110MH1993PLC344634
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1993
- Registered office
- 801- 804, Building No. 3, G Block, Wing A, Inspire BKC, Bandra Kurla Complex, Bandra East, Mumbai 400051, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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