Nuvama Wealth Management logo

Nuvama Wealth Management share price

NSE: NUVAMABSE: 543988Capital MarketsSmall Cap

Last close ₹1,661.90down ₹7.60 (0.46%)BSE ₹1,660.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,669.50.

52-week range of traded prices to 23 Oct 2026
₹1,096.90Low, 23 Mar 2026₹2,066.00High, 24 Jul 2026
Market cap
₹30,665 Cr304th largest listed
P/E
28.3
P/B
7.4
Dividend yield
1.68%
ROE
28.5%
ROCE
15.6%
Debt to equity
2.80
Volume, NSE
3,74,37448.3% delivered

Share price

Daily closes since Sep 2023, adjusted for splits and bonuses

+15.2%over a year

ResultsSplit, bonus, rights or demerger20-session average 5,76,066 shares a day, 48.2% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 30 Jul

Revenue
₹1,376 Crup 8.44%
Net profit
₹306 Crup 13.71%
Net margin
22.2%

Revenue by year

Peak revenue ₹4,631 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 8 NovDec 2024Filed 4 FebMar 2025Filed 28 MayJun 2025Filed 13 AugSep 2025Filed 4 NovDec 2025Filed 23 JanMar 2026Filed 11 MayJun 2026Filed 30 Jul
Revenue1,0511,0321,1201,1231,1351,1041,2691,376
Net profit257252255264254254269306
Net margin24.5%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.

Business segments

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

  • Wealth management business₹2,761 Crup 20.43%57.4%
  • Capital markets business₹1,916 Crdown 7.08%39.8%
  • Asset management business₹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.PE ratio and valuation history

Price to earnings

At or below today's level on 65% of 609 trading days since May 2024.

LowestHighest
Its median26.7Industry median17.6
Price to book

At or below today's level on 66% of 727 trading days since Nov 2023.

LowestHighest
Its median7.0Industry median1.5
EV to EBITDA7.9

At or below today's level on 52% of 609 trading days since May 2024.

LowestHighest
Its median7.8Industry median5.2
Dividend yield

At or below today's level on 47% of 744 trading days over the last 3 years.

LowestHighest
Its median1.76%Industry median0.76%

Where the return came from

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

OverReturn a yearEarnings growthChange in P/EDividend 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.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters53.40%
  • Foreign institutions19.97%
  • Indian institutions8.36%
  • Individuals and others18.27%
Holder
PAGAC ECSTASY PTE LTDPromoter52.55%
SMALLCAP WORLD FUND, INCForeign portfolio investors, category I4.87%
RASHESH CHANDRAKANT SHAHResident individuals, over ₹2 lakh at face value2.41%
MUKUL MAHAVIR AGRAWALResident individuals, over ₹2 lakh at face value1.35%
ST. JAMES'S PLACE EMERGING MARKETS EQUITY UNIT TRUST MANAGED BY WASATCH ADVISORS INCForeign portfolio investors, category I1.06%
ASIA PRAGATI STRATEGIC INVESTMENT FUNDPromoter0.85%
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.

The filing reports 3,50,74,460 of its 18,45,15,689 shares locked in.

Mutual funds holding it

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.Mutual fund holdings

Bought again
1
Added
43
Cut
11
Held unchanged
16
Sold out
4
Fund
Kotak Mahindra Mutual Fund logoKotak Mid Cap FundKotak Mahindra Mutual Fund64,54,6671.60%₹1,066.6 Cr
Invesco Mutual Fund logoInvesco India Focused FundInvesco Mutual Fund17,86,0854.74%₹295.2 Cr
Bandhan Mutual Fund logoBandhan Small Cap FundBandhan Mutual Fund6,00,0000.28%₹99.2 Cr
Kotak Mahindra Mutual Fund logoKotak Aggressive Hybrid FundKotak Mahindra Mutual Fund3,90,3670.71%₹64.5 Cr
Invesco Mutual Fund logoInvesco India Financial Services FundInvesco Mutual Fund3,73,7873.45%₹61.8 Cr
Invesco Mutual Fund logoInvesco India Flexi Cap FundInvesco Mutual Fund3,02,8850.92%₹50.1 Cr
Invesco Mutual Fund logoInvesco India ELSS Tax Saver FundInvesco Mutual Fund2,22,8821.42%₹36.8 Cr
Tata Mutual Fund logoTata Nifty Capital Markets Index FundTata Mutual Fund1,74,2912.99%₹28.8 Cr
Kotak Mahindra Mutual Fund logoKotak Banking & Financial Services FundKotak Mahindra Mutual Fund1,50,6401.72%₹24.9 Cr
Bajaj Finserv Mutual Fund logoBajaj Finserv Large & Mid Cap FundBajaj Finserv Mutual Fund1,44,6061.03%₹23.9 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Stockbroking & Allied, 43 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Nuvama Wealth Management in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Billionbrains Garage Ventures logoBillionbrains Garage VenturesGROWW1,13,87842.39.829.7––28.5%30.2%0.00%
Motilal Oswal Financial Services logoMotilal Oswal Financial ServicesMOTILALOFS55,82428.24.315.4+14.6%−28.8%16.5%11.7%0.65%
360 ONE WAM logo360 ONE WAM360ONE40,67332.63.919.8+29.4%+10.7%12.7%9.8%1.35%
Angel One logoAngel OneANGELONE25,51722.13.88.9+21.3%+47.7%18.5%14.8%2.31%
IIFL Capital Services logoIIFL Capital ServicesIIFLCAPS10,78818.93.58.8+2.2%−19.1%20.5%16.1%0.88%
Share India Securities logoShare India SecuritiesSHAREINDIA3,75710.31.42.1+14.6%+17.6%14.6%18.5%1.05%
Anand Rathi Share and Stock Brokers logoAnand Rathi Share and Stock BrokersARSSBL2,80419.52.04.6––10.7%13.8%1.12%
Monarch Networth Capital logoMonarch Networth CapitalMONARCH2,61214.42.77.6+7.5%+17.3%20.5%24.7%0.30%
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.Dividend history and dates

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

Highest ₹42.70 a share, year to Mar 2025.
Ex-dateTypePer share
15 May 2026Interim₹14.00
11 Nov 2025Interim₹70.00
3 Jun 2025Interim₹69.00
7 Nov 2024Interim₹63.00
7 Aug 2024Interim₹81.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Nuvama Wealth Management share price by year

Each calendar year to 2025.Nuvama Wealth Management share price history

YearClose at year endChangeHighest closeLowest close
20251,480.50+6.9%1,657.501,010.84
20241,384.87+92.9%1,478.79644.94
2023717.99–742.45435.34
₹ 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 last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 20261,662.501,671.801,595.001,661.901,632.413,74,37448.3%
22 Oct 20261,680.001,700.901,652.601,669.501,678.383,07,80649.2%
21 Oct 20261,671.001,715.801,658.001,695.801,690.445,40,49749.3%
19 Oct 20261,698.001,702.001,673.001,683.801,688.071,69,11353.7%
16 Oct 20261,730.001,743.301,694.801,706.101,717.022,71,14655.0%
15 Oct 20261,748.401,763.501,711.101,717.201,727.141,59,32557.0%
14 Oct 20261,812.501,814.801,742.501,746.901,769.523,79,35051.8%
13 Oct 20261,857.601,857.601,788.001,807.701,811.543,67,98851.9%
12 Oct 20261,781.001,881.901,770.001,868.801,842.397,26,45749.9%
9 Oct 20261,740.001,773.101,710.301,764.401,735.772,54,85151.9%
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-dateEventPrice factorWhat happened
26 Dec 2025Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

About Nuvama Wealth Management

Nuvama Wealth Management Limited is an integrated wealth management company in India. It serves ultra-high-net-worth families, high-net-worth and affluent individuals, family offices, corporates and institutions. It was incorporated in 1993. Its registered office is at Inspire BKC in Bandra Kurla Complex, Mumbai.

The business is organised into four segments: Wealth Management, Asset Management, Asset Services and Capital Markets. Asset Services provides custody and clearing solutions for asset managers. Capital Markets provides institutional equities and investment banking services for institutions, corporates and promoters. The segments operate as one unified platform, so a client can use several of them together and address financial needs across the wealth lifecycle.

In India, the company reaches more than 500 locations through over 100 offices, supported by a network of about 8,000 active external wealth managers. Outside India, it has a presence in New York, London, Hong Kong, Singapore, Dubai and Mauritius, which it uses for cross-border investment and wealth management.

In its history, PAG acquired a majority stake in the company's Wealth Management, Asset Services and Capital Markets businesses. The company later rebranded as Nuvama and listed on the stock exchanges on 26 September 2023. Its shares trade on BSE and the National Stock Exchange of India.

Its promoter is PAG, an Asia-based alternative investment manager. A promoter is the person or group that set up a company or controls it.

Legal name
Nuvama Wealth Management Limited
NSE symbol
NUVAMA
BSE code
543988
ISIN
INE531F01023
Industry
Capital Markets
Listed
Sep 2023
Face value
₹2
CIN
L67110MH1993PLC344634
Corporate identity number, the registrar of companies' code for it