# Nuvama Wealth Management share price today (Nuvama Wealth Management Ltd, NSE: NUVAMA)

> Nuvama Wealth Management share price today: ₹1,866.20 at the NSE close on 3 November 2026, up 31.6% in a year. Nuvama Wealth Management (NSE: NUVAMA) is worth ₹34,434 crore, trades at a P/BV of 8.3 and has closed between ₹1,142.60 and ₹1,980.10 over the past 52 weeks. > Nuvama Wealth Management Ltd's share price has risen faster than its earnings: +31.6% in a year, against +4.3% for earnings per share. NUVAMA · Finance - Capital Markets - Wealth Management · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nuvama-wealth-management-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹1,866.20 (+31.6% in a year)
- P/BV: 8.3× (higher than 81% of the last 3 years)
- Revenue (Jun 2026): ₹1,376 Cr (+22.5% on a year ago)
- Profit (Jun 2026): ₹306 Cr (+15.9% on a year ago)
- Net margin: 22.2% (−1.3 points on a year ago)
- ROE: 27%, FY26
- ROA: 3.31%, latest

The main question: the share price moved +31.6% in a year while yearly earnings per share moved +4.3%. The difference came from the market paying a higher multiple. ## What is the Nuvama Wealth Management share price today? Nuvama Wealth Management Ltd's share price was ₹1,866.20 at the close on 3 November 2026. It has been rising for 23 weeks. That is 15.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,143 and ₹1,980, and at that close it sat 86% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 3.1 years the share price moved +287% while the NIFTY 500 moved +28%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Nuvama Wealth Management this quarter? Three changes stood out: promoters cut their stake for 12 quarters in a row, revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) and foreign funds (FIIs) raised their stake for 4 quarters in a row. 1. Promoters cut their stake for 12 quarters in a row From 56.2% to 53.4% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹1,376 crore, +22.5% on a year earlier. Why: Revenue rose because the wealth business brought in more client money and managed more assets. Next results: check whether the asset services revenue jump cools as the mix shifts between cash and government bonds, while full year growth stays above the stated range. From the earnings call on 31 Jul 2026. 3. Foreign funds (FIIs) raised their stake for 4 quarters in a row From 16.3% to 20% of the company by the September 2026 quarter. ## What are Nuvama Wealth Management's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Nuvama Wealth Management reported total income of ₹1,376 crore, up 22.5% from ₹1,123 crore a year earlier, and a profit of ₹306 crore, up 15.9% from ₹264 crore. ### Nuvama Wealth Management results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹1,376 crore | ₹1,123 crore | +22.5% |
| Profit | ₹306 crore | ₹264 crore | +15.9% |
| Earnings per share | ₹16.75 | ₹14.66 | +14.3% |
| Net margin | 22.2% | 23.5% | −1.3 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Nuvama Wealth Management's management discussed these results on a call held on 31 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.)

## What is the Nuvama Wealth Management share price history? Nuvama Wealth Management closed at ₹1,866.20 on 3 November 2026, up 31.6% from ₹1,418.40 a year earlier (31 October 2025) and up 224.1% over three years. Its highest weekly close since September 2023 was ₹1,980.10 on 24 July 2026. ### Nuvama Wealth Management share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,661.90 | +12.3% |
| 1 month ago · 1 Oct 2026 | ₹1,701.40 | +9.7% |
| 6 months ago · 30 Apr 2026 | ₹1,326.50 | +40.7% |
| 1 year ago · 31 Oct 2025 | ₹1,418.40 | +31.6% |
| 3 years ago · 3 Nov 2023 | ₹575.77 | +224.1% |
| Earliest weekly close in our records · 29 Sep 2023 | ₹482.05 | +287.1% |
| Highest weekly close since September 2023, also the 52-week high · 24 Jul 2026 | ₹1,980.10 | −5.8% |
| Lowest weekly close since September 2023 · 6 Oct 2023 | ₹457.10 | +308.3% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹1,142.60 | +63.3% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (169 weekly closes from 29 September 2023 to 3 November 2026.)

## What is the latest news on Nuvama Wealth Management? 3 Nov 2026: Nuvama Wealth Management closed at ₹1,866.20, up 12.3% on the week and up 9.7% on the month. 31 Jul 2026: Nuvama Wealth Management held its results call for April to June 2026. Management guided: Private efficiency and hiring: cost-income ratio below 66.0% in FY27 and 60.0%-62.0% over the next 3 years; RM additions planned at 15.0%-16.0% annually; venture-debt fees expected to continue for 3 years; FY27 Private transactional revenue ₹350-360 crore. ### Earlier

- Results for April to June 2026: Total income up 22.5% and profit up 15.9% on a year earlier. - 15 May 2026: ex-date for an interim dividend of ₹14 a share. - 26 Dec 2025: Share split: face value cut from ₹10 to ₹2 a share (ex-date). - 11 Nov 2025: ex-date for an interim dividend of ₹70 a share. ## What dividend does Nuvama Wealth Management pay? Nuvama Wealth Management paid ₹28 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.50% at the ₹1,866.20 close on 3 November 2026. The last was an interim dividend of ₹14 a share, ex-date 15 May 2026. ### Nuvama Wealth Management dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 15 May 2026 | ₹14 | Interim |
| 11 Nov 2025 | ₹70 | Interim |
| 3 Jun 2025 | ₹69 | Interim |
| 7 Nov 2024 | ₹63 | Interim |
| 7 Aug 2024 | ₹81.50 | Interim |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 1 of the last 12 months' payments came before a split or bonus; the 12-month total above is on today’s share count. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Nuvama Wealth Management Ltd paid out 49% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 7 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Nuvama Wealth Management management say on the latest results call? On the call for April to June 2026, held on 31 July 2026, Nuvama Wealth Management's management guided: Private efficiency and hiring: cost-income ratio below 66.0% in FY27 and 60.0%-62.0% over the next 3 years; RM additions planned at 15.0%-16.0% annually; venture-debt fees expected to continue for 3 years; FY27 Private transactional revenue ₹350-360 crore. > “Our quarterly revenues crossed Rs 900 crore, and our quarterly PAT crossed Rs 300 crore, an all-time high for us.”
> Ashish Kehair, MD and CEO, on the call for April to June 2026

### What management guided

- Flow outlook: Wealth and Private combined FY27 net new money was cited as ₹20,000-24,000 crore, although the same answer also cited ₹10,000-12,000 crore; AMC net new money was guided at ₹3,500-5,500 crore. - Regional and offshore outlook: FY27 ARR flows planned at 20.0%-22.0% of opening assets; offshore revenue contribution expected at 5.0%-7.0%; Singapore planned to break even by year-end; offshore allocation could reach 15.0%-20.0% over 3-4 years. - Group and Asset Services costs: full-year opex expected at 15.0%-16.0%, consolidated cost-income around 55.0%, Asset Services revenue growth above 20.0%-25.0% and segment cost-income at 36.0%-40.0%; new-office lease costs will be additional. - Asset Management economics: FY27 cumulative loss around ₹35-40 crore, quarterly cost run rate peaking at ₹35-36 crore, and revenue increasing by end-Q4; MF and SIF strategies expected in Q3/Q4, while the private-credit fund is planned for mid-to-end Q3. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/57462-31-Jul-2026.pdf). (From the call for April to June 2026, 31 July 2026.)

## What is the future of Nuvama Wealth Management? What is changing in the business? What is changing at Nuvama Wealth Management, from the latest results and calls: mpis annuity ramp,  and mf license + sip distribution unlock. - MPIS Annuity Ramp. MPIS net flows ₹8,900 crore in FY26 = 30% of opening AUM; MPIS revenue +38% FY26; now 58%+ of Nuvama Wealth segment revenue. ⚠ estimate
- MF License + SIP Distribution Unlock. MF license inspection complete; approval within 2 months of April to June 2026 call; SIP launch widens addressable ticket size from ₹1 crore (AIF) to ₹10 lakh and opens bank/IFA distribution. ⚠ estimate
- Asset Services Yield Resilience. Post client-loss recovery complete (Q4 ₹209 crore vs Q3 ₹193 crore); yield range 2.6-2.9% sustained; FPI derivatives expansion supports throughput. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 31 May 2026.)

## What could change the Nuvama Wealth Management story? What are the risks? Capital markets revenue (IB + IE = 20% of FY26 revenue) is discretionary and market-activity dependent; F&O regulation reduced ADTO; ECM cyclicality persists. ### The main risks

- : Capital markets revenue (IB + IE = 20% of FY26 revenue) is discretionary and market-activity dependent; F&O regulation reduced ADTO; ECM cyclicality persists. ✓ fact

(Our read after the latest results, written 31 May 2026.)

## What to watch in Nuvama Wealth Management's next results? When Nuvama Wealth Management reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Asset Services revenue and yield: check whether the Q1 20.0% on the previous quarter surge moderates as collateral shifts from cash to G-sec while full-year growth remains above 20.0%-25.0%. - What to check (from the call)
- Asset Services revenue and yield: check whether the Q1 20.0% on the previous quarter surge moderates as collateral shifts from cash to G-sec while full-year growth remains above 20.0%-25.0%. - Private efficiency and hiring: track progress from the Q1 70.0% cost-income ratio toward below 66.0% annually and continued RM additions after 6-8 hires in Q1. - Capital Markets: test whether fixed-income revenue compresses by ₹10-15 crore and whether ECM and IPO activity offset the potentially nonrepeatable ₹15-20 crore Q1 benefit. - Asset Management launches: check private-credit fund timing by mid-to-end Q3, SIF strategy timing in Q3/Q4 and whether the planned ₹35-40 crore FY27 loss begins narrowing after Q4 revenue pickup. ## Which stock lists is Nuvama Wealth Management on? Nuvama Wealth Management is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 260](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Nuvama Wealth Management profitable? Nuvama Wealth Management Ltd earned ₹306 Cr of net profit in the Jun 2026 quarter, +15.9% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹1,040 Cr. Over 6 years profit has grown 24.0% a year on average. That is 22.2% of the quarter's revenue. The same quarter a year earlier earned ₹264 Cr. For the full year, FY26 profit was ₹1,040 Cr (+5.6% on the year before). Why profit moved: revenue changed +22.5% on a year earlier and the margin moved −1.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +5.3% and revenue +12.6%. Profit is growing slower than sales: rising costs are taking part of the growth. FY26-Q4. revenue ₹1,269 Cr and profit ₹269 Cr as reported. FY27-Q1. revenue ₹1,376 Cr and profit ₹306 Cr as reported. Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters. ## How much revenue does Nuvama Wealth Management make, and is it growing? Nuvama Wealth Management Ltd reported ₹1,376 Cr of income in the Jun 2026 quarter, +22.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 6 years it has grown 34.6% a year on average. The last full year, FY26, came in at ₹4,638 Cr. Why this happened. The SIF mutual fund license converts the existing 5-year-track-record long-short strategy into a retail product. Key economic lever: distribution shifts from self-distribution (Rs 1 Cr AIF minimum) to bank and IFA channels (Rs 10 lakh minimum), expanding the addressable market by 10x in ticket-size terms. Management hired Nimish Mehta (27 years, Motilal Oswal + ASK) as Chief Business Officer for SIP distribution build. New hire = incremental cost before revenue; revenue lag is 2-4 quarters from launch. The last four reported quarters add to ₹4,884 Cr. FY26 revenue was ₹4,638 Cr, +11.4% on the year before. Recent pace: the last four quarters grew +12.6% on average, against 34.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.8%, against +18.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +5.4%, against +22.4% a year (rolling over). FY26-Q4. revenue ₹1,269 Cr and profit ₹269 Cr as reported. FY27-Q1. revenue ₹1,376 Cr and profit ₹306 Cr as reported. Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters. ## How much does Nuvama Wealth Management keep from what it earns? Nuvama Wealth Management Ltd's net margin was 22.2% in the Jun 2026 quarter, 1.3 percentage points lower than the same quarter a year ago. Across 7 years it has been between −34.3% and 48.2%. The latest quarter is within that range. Why this happened. Managed Products and Investment Solutions (MPIS) is the structural pivot in the Wealth business. Revenue share has grown from below-majority to 58%+ of Nuvama Wealth revenues. Net flows of Rs 8,900 Cr represent 30% of opening AUM, achieving the management-guided retention. The ARR nature of MPIS revenue (vs prior transactional brokerage) creates a compounding annuity, each year's flow adds to a recurring base. Combined with 90 bps client retention rate and AI-enhanced RM productivity (+25% revenue per RM), this driver has multi-year persistence. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. FY26-Q4. revenue ₹1,269 Cr and profit ₹269 Cr as reported. FY27-Q1. revenue ₹1,376 Cr and profit ₹306 Cr as reported. Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters. ## How many of Nuvama Wealth Management's loans have gone bad? Nuvama Wealth Management Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Nuvama Wealth Management's loan book growing? Nuvama Wealth Management Ltd's revenue was ₹4,638 Cr in FY26, +11.4% on the year before, so the loan book is growing. The latest quarter was +22.5% on a year earlier. The net margin on that income is 22.2%, −1.3 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Nuvama Wealth Management's P/BV ratio, and how does it compare with its own history? Nuvama Wealth Management Ltd's P/BV is 8.3×, near the high end of its own history: higher than 81% of past readings. Its usual P/BV (the middle reading) is 7.0×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why this happened. Asset Services lost a large HFT client in Q1 FY26, recovering 50% of lost revenue by Q2 and fully by Q4. The business model is market-infrastructure (clearing, custody) rather than capital-markets discretionary, profit +13-14% outpaced revenue +12% in FY26. Concentration risk has reduced: top 10 HFT contributors fell from 60-70% of revenue (FY23) to less than 25% currently. The HFT market is expanding (10 to 35-40 active HFTs, projected 100+ in 3-4 years). Rate sensitivity is a watch item, yield range 2.6-2.9% depends on interest rate trajectory. Why the multiple is where it is: over the past year book value grew while the price moved +31.6%. The price ran ahead of book value, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +48.0% a year; about +16.4% a year came from book-value growth and about +31.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## Is the Nuvama Wealth Management business getting better or worse? Nuvama Wealth Management Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROE steady at 26.3%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Nuvama Wealth Management story, and has it been checked? Nuvama Wealth Management Ltd's story is not scored yet against the checks our research set on 31 May 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Pattern of 3 documented guidance misses in 4 concalls (transactional revenue, Private Credit delay, CRE fund closure) creates credibility discount on new-product timelines. Our read, 31 May 2026. What is proven. What is not proven yet. Pattern of 3 documented guidance misses in 4 concalls (transactional revenue, Private Credit delay, CRE fund closure) creates credibility discount on new-product timelines. What the company does. FY26 operating PAT crossed Rs 1,000 Cr milestone (+45% CAGR over 3 years); Wealth and Private grew 23-24%, driving segment mix from 49% to 55% of revenue. Recurring-revenue base (MPIS 38% full-year growth, ARR assets Rs 54,000 Cr, net flows 30% of opening AUM) structurally reduces market-cycle sensitivity. Lever 2 · Value-added mix: building. MPIS net flows Rs 8,900 Cr in FY26 = 30% of opening AUM; MPIS revenue +38% FY26; now 58%+ of Nuvama Wealth segment revenue. What proves it keeps working: MPIS Annuity Ramp. Lever 3 · Management change: building. Lever 6 · Order-book wins: building. MF license inspection complete; approval within 2 months of Q1 FY27 call; SIP launch widens addressable ticket size from Rs 1 Cr (AIF) to Rs 10 lakh and opens bank/IFA distribution. What proves it keeps working: MF License + SIP Distribution Unlock. Lever 8 · Demerger or value unlock: building. Post client-loss recovery complete (Q4 Rs 209 Cr vs Q3 Rs 193 Cr); yield range 2.6-2.9% sustained; FPI derivatives expansion supports throughput. What proves it keeps working: Asset Services Yield Resilience. Sources: our stock research file (31 May 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Nuvama Wealth Management management deliver what it promised? What Nuvama Wealth Management Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Private Credit Launch Delayed · 31 July 2026. In May 2026, management expected the first private credit fund to launch by the end of Q2. In Jul 2026, the launch moved to between the middle and end of Q3 because the team still needed another 2-2.5 months to reach a basic level, but management did not explain why the earlier timeline was missed. Commercial Real Estate Fund Timeline Slipped · 31 July 2026. In Jan 2026, management said the second commercial real estate fund would be launched by the end of Q1. In Jul 2026, management was still aiming for deployment of 70% over the next 2-3 months before launching the second fund by the end of Q3, implying a material delay without an explanation for the change. Crossover IV Fundraising Goal Reduced · 31 July 2026. In May 2026, management planned INR1,000-INR1,500 crores for Crossover IV. In Jul 2026, the goal was reduced to INR700-INR1,000 crores, lowering both the floor and ceiling by roughly one-third without an explanation for the revised ambition. Asset Management FY27 Flow Outlook Cut · 31 July 2026. In Jan 2026, management indicated INR6,500-INR9,000 crores of asset-management flows excluding private equity. In Jul 2026, the AMC range was INR3,500-INR5,500 crores, a materially lower outlook with no explanation for the reduction. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Nuvama Wealth Management earn on its equity and assets? We do not have a clean yearly return-on-equity history for Nuvama Wealth Management Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report. ## Does Nuvama Wealth Management have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Nuvama Wealth Management shareholding pattern? Domestic institutions raised their stake in Nuvama Wealth Management Ltd by 6.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 8.4% of the company. Foreign institutions moved +6.1 points over the same period, to 20.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +6.8 points over 8 quarters, to 8.4%; Foreign institutions: +6.1 points over 8 quarters, to 20.0%; Promoters: −1.8 points over 8 quarters, to 53.4%. Why the owners changed: domestic institutions drove it (+6.8 points), together with foreign institutions (+6.1 points). They raised their stake step by step. ## How far is Nuvama Wealth Management from balance-sheet trouble? For Nuvama Wealth Management Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Nuvama Wealth Management rank in its industry? 51.6 out of 100, rank 3 of 4 in Finance - Capital Markets - Wealth Management, with 82% of the evidence available. Nuvama Wealth Management Ltd scores 51.6 out of 100 against the 4 companies it is compared with in Finance - Capital Markets - Wealth Management, ranking 3. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 11.4 + 21.5 + 5.9 + 12.8 = 51.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Nuvama Wealth Management compared with? Nuvama Wealth Management ranks 3 of 4 Finance - Capital Markets - Wealth Management companies on the 4-Factor Sector Score, with 51.6 out of 100. 1. [Anand Rathi Wealth Ltd](https://www.sectoralpha.in/stocks/anand-rathi-wealth-ltd) ANANDRATHI · turning · Most evidence points up · 67% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Income 20.8% · Profit 31.9% · 52% evidence Capital efficiency 21.1/25 · ROA 28.1% · ROE 47.3% · GNPA n/a · 68% evidence Valuation 4.0/20 · P/BV 29.13× · P/BV÷ROE 0.62 · 60% evidence Relative strength 18.8/20 · Lead over its industry 14.7% · Lead over NIFTY 500 31.1% · 1 year 45.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 26.5 + 21.1 + 4 + 18.8 = 70.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Motilal Oswal Financial Services Ltd](https://www.sectoralpha.in/stocks/motilal-oswal-financial-services-ltd) MOTILALOFS · breaking out · Evidence leans up · 86% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/35 · Income 44.9% · Profit 33.2% · 86% evidence Capital efficiency 19.6/25 · ROA 5.1% · ROE 15.5% · GNPA n/a · 72% evidence Valuation 6.6/20 · P/BV 3.65× · P/BV÷ROE 0.23 · 90% evidence Relative strength 13.4/20 · Lead over its industry -2.4% · Lead over NIFTY 500 12.2% · 1 year -4.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.8 + 19.6 + 6.6 + 13.4 = 61.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 3. Nuvama Wealth Management Ltd this page NUVAMA · turning · Evidence leans up · 82% evidence 51.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.4/35 · Income 12.8% · Profit 5.3% · 75% evidence Capital efficiency 21.5/25 · ROA 3% · ROE 27.4% · GNPA n/a · 72% evidence Valuation 5.9/20 · P/BV 7.68× · P/BV÷ROE 0.28 · 90% evidence Relative strength 12.8/20 · Lead over its industry 3.7% · Lead over NIFTY 500 18.7% · 1 year 22.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 11.4 + 21.5 + 5.9 + 12.8 = 51.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 4. [360 ONE WAM Ltd](https://www.sectoralpha.in/stocks/360-one-wam-ltd) 360ONE · quiet · Evidence leans down · 73% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Income 29.2% · Profit 10.8% · 52% evidence Capital efficiency 19.1/25 · ROA 6.8% · ROE 14.4% · GNPA n/a · 68% evidence Valuation 7.5/20 · P/BV 3.88× · P/BV÷ROE 0.27 · 90% evidence Relative strength 0.0/20 · Lead over its industry -19% · Lead over NIFTY 500 -6% · 1 year -8.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 19.1 + 7.5 + 0 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Capital Markets - Wealth Management](https://www.sectoralpha.in/sectors/finance-capital-markets-wealth-management), all 4 compared on one page. ## Which companies are close to Nuvama Wealth Management in size? Nuvama Wealth Management is the 4th largest of 4 Finance - Capital Markets - Wealth Management companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Motilal Oswal Financial Services, 360 ONE WAM and Anand Rathi Wealth. It is the smallest. ### Finance - Capital Markets - Wealth Management companies close in size

1. [Motilal Oswal Financial Services Ltd](https://www.sectoralpha.in/stocks/motilal-oswal-financial-services-ltd) ₹56,797 crore
2. [360 ONE WAM Ltd](https://www.sectoralpha.in/stocks/360-one-wam-ltd) ₹42,199 crore
3. [Anand Rathi Wealth Ltd](https://www.sectoralpha.in/stocks/anand-rathi-wealth-ltd) ₹37,392 crore
4. Nuvama Wealth Management Ltd ₹32,032 crore

[All 4 Finance - Capital Markets - Wealth Management companies, largest first](https://www.sectoralpha.in/sectors/finance-capital-markets-wealth-management#all-companies)

### Companies close in size in other industries

1. [National Highways Infra Trust](https://www.sectoralpha.in/stocks/national-highways-infra-trust) ₹32,636 crore · Infrastructure Investment Trusts
2. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) ₹32,460 crore · Steel Products
3. Nuvama Wealth Management Ltd ₹32,032 crore
4. [Mindspace Business Parks REIT](https://www.sectoralpha.in/stocks/mindspace-business-parks-reit) ₹31,980 crore · Real Estate Investment Trusts
5. [Endurance Technologies Ltd](https://www.sectoralpha.in/stocks/endurance-technologies-ltd) ₹31,978 crore · Auto Ancillaries - Diversified

## What else do people ask about Nuvama Wealth Management? ### What is Nuvama Wealth Management's share price today? Nuvama Wealth Management Ltd's share price is ₹1,866.20, +31.6% over the past year. The whole company is worth ₹34,434 Cr on the market. In the last 52 weeks it traded between ₹1,143 to ₹1,980; today it is 86% of the way up from the low, 15.8% above its 200-day average (as of 3 November 2026). ### What were Nuvama Wealth Management's latest quarterly results? Nuvama Wealth Management Ltd reported total income of ₹1,376 Cr and net profit of ₹306 Cr for the Jun 2026 quarter. Income rose 22.5% and profit rose 15.9% compared with a year earlier. Earnings per share were ₹16.75 (as of 3 November 2026). ### What is Nuvama Wealth Management's market cap? Nuvama Wealth Management Ltd's market capitalisation is ₹34,434 Cr at a share price of ₹1,866.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Nuvama Wealth Management performing? Nuvama Wealth Management Ltd's share price has been rising for 23 weeks. In its latest quarter, income rose 22.5% and profit rose 15.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will Nuvama Wealth Management's share price go up? This page does not forecast Nuvama Wealth Management Ltd's share price. What it shows instead: the share price is ₹1,866.20, and it has been rising for 23 weeks. Its P/BV of 8.3× is higher than 81% of its own last 3 years (as of 3 November 2026). ### Who owns Nuvama Wealth Management? Promoters own 53.4% of Nuvama Wealth Management Ltd, foreign institutions 20.0%, domestic institutions 8.4% and the public 18.3% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 6.8 percentage points over 8 quarters (as of 3 November 2026). ### Where is Nuvama Wealth Management in its business cycle? Nuvama Wealth Management Ltd's FY26 net margin was 22.4%, against a 7-year range of −34.3% to 48.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 22.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Nuvama Wealth Management story? The main question: the share price moved +31.6% in a year while yearly earnings per share moved +4.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Nuvama Wealth Management a stock worth studying right now? What the numbers show: Nuvama Wealth Management Ltd's share price has risen faster than its earnings: +31.6% in a year, against +4.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Nuvama Wealth Management share price forecast for 2026? What management itself guided: Private efficiency and hiring: cost-income ratio below 66.0% in FY27 and 60.0%-62.0% over the next 3 years; RM additions planned at 15.0%-16.0% annually; venture-debt fees expected to continue for 3 years; FY27 Private transactional revenue ₹350-360 crore. What is changing at Nuvama Wealth Management, from the latest results and calls: mpis annuity ramp, and mf license + sip distribution unlock. What would change the story: Capital markets revenue (IB + IE = 20% of FY26 revenue) is discretionary and market-activity dependent; F&O regulation reduced ADTO; ECM cyclicality persists. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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