NUVAMA
Nuvama Wealth Management Limited
NSELast Traded Price
₹1800.1
16.1 (0.9%)
Open
₹1784
High
₹1825
Low
₹1782
Prev Close
₹1784
Industry
Stockbroking & Allied
Market Cap
33161.13 Cr
Filing History
Recent corporate announcements and filings for NUVAMA
Ownership
Neutral
2026-08-24 23:04
- Nuvama Wealth Management Limited allotted 6,02,701 equity shares of face value Rs. 2 each on August 24, 2026.
- These shares were allotted upon the exercise of Stock Options/Rights under ESOPs/ESARs.
- The total equity share capital increased from 18,36,15,547 shares to 18,42,18,248 shares.
Ownership
Neutral
2026-08-06 17:06
- Nuvama Wealth Management Limited allotted 10,18,986 equity shares on August 6, 2026.
- Shares were allotted to employees upon exercise of Stock Options/Rights and Employee Stock Appreciation Rights Plan.
- Total equity share capital increased from 18,25,96,561 to 18,36,15,547 shares.
Business Update
Positive
2026-08-05 17:49
- Recorded all-time high quarterly PAT of ₹306 crores (▲16% YoY) with quarterly revenues of ₹909 crores (▲18% YoY) in Q1 FY27. ROE stands near 30%.
- Client assets crossed ₹5 lakh crores (~₹5,36,000 crores) driven by strong net new money and mark-to-market gains.
- Wealth Management (MPIS assets) grew ▲32% YoY to ₹43,000 crores with net new money of ₹3,000 crores, highest ever.
- Private (ARR assets) grew ▲21% YoY to ₹58,000 crores, with full-year target remaining 20-22% growth.
- Asset Services revenue grew ▲34% YoY to ₹260 crores, with full-year revenue growth guidance of over 20-25%.
- Asset Management closed its first commercial real estate fund at ₹4,000 crores (exceeding target) and plans a second fund by Q3 FY27. Expects cumulative loss of ₹35-40 crores for FY27, then path to breakeven.
- CRISIL rating upgraded from AA- to AA stable.
- Investing heavily in technology and AI tools, expanding physical presence in Tier 2 and beyond cities, and exploring opportunities in GIFT City and global custodian partnerships.
Business Update
Neutral
2026-08-05 17:01
- Scheduled participation in Analysts / Institutional Investor Meetings
- August 11-12, 2026: Nuvama India Conference 2026 (Singapore Edition) - In person, Group and one-on-one meeting(s)
- August 13, 2026: Nuvama India Conference 2026 (Hong Kong Edition) - In person, Group and one-on-one meeting(s)
- August 18, 2026: Motilal Oswal 22nd Annual Global Investor Conference, 2026 (Mumbai) - In person, Group and one-on-one meeting(s)
- The company will discuss the Investor Presentation for the quarter ended June 30, 2026, and no unpublished price-sensitive information will be shared.
Business Update
Neutral
2026-08-05 16:59
- Investor Meetings Schedule
- August 11-12, 2026: Nuvama India Conference 2026 (Singapore Edition)
- August 13, 2026: Nuvama India Conference 2026 (Hong Kong Edition)
- August 18, 2026: Motilal Oswal 22nd Annual Global Investor Conference (Mumbai)
- Company representatives will discuss the Investor Presentation for the quarter ended June 30, 2026. No unpublished price-sensitive information will be shared.
Business Update
Neutral
2026-08-05 16:57
- Nuvama Wealth Management Limited will participate in Analysts / Institutional Investor Meetings.
- August 11-12, 2026: Nuvama India Conference 2026 (Singapore Edition).
- August 13, 2026: Nuvama India Conference 2026 (Hong Kong Edition).
- August 18, 2026: Motilal Oswal 22nd Annual Global Investor Conference, Mumbai.
- The company will discuss the Investor Presentation for the quarter ended June 30, 2026.
Governance
Positive
2026-08-02 17:57
- The company announced the outcome of its remote e-voting for the Postal Ballot.
- All five resolutions were approved by the Members with the requisite majority on August 1, 2026.
- Resolutions included the approval of the Employee Stock Appreciation Rights Scheme 2026 for employees, subsidiary employees, and associate employees.
- Revision of remuneration for Mr. Ashish Kehair (MD & CEO) and Mr. Shiv Sehgal (Executive Director) was also approved.
Business Update
Neutral
2026-07-31 17:08
- Audio recording of the earnings conference call held on July 31, 2026, discussing performance for the quarter ended June 30, 2026, is now available on the company's website.
Financials
Positive
2026-07-30 19:39
- Consolidated Revenue ₹909 Cr vs ₹770 Cr (▲18% YoY)
- Consolidated PAT ₹306 Cr vs ₹264 Cr (▲16% YoY)
- Client assets crossed ₹5 lakh crore.
- Achieved highest ever quarterly profit.
- Secured SEBI's final approval for mutual fund license.
Financials
Neutral
2026-07-30 19:28
CRITICAL RED FLAG DETECTED
- Consolidated Operating Revenue ₹1,376.22 Cr vs ₹1,122.65 Cr (▲22.6% YoY)
- EBITDA ₹732.41 Cr vs ₹615.06 Cr (▲19.1% YoY)
- PAT ₹305.64 Cr vs ₹263.87 Cr (▲15.8% YoY)
- EBITDA Margin 53.00% vs 54.69% (▼169bps)
- Board approved re-appointment of Mr. Birendra Kumar and Ms. Anisha Motwani as Independent Directors for a second term.
- Approved raising funds up to ₹500 Crores via Non-convertible Debentures through private placement.
- Approved acquisition of an additional 26% equity stake in Pickright Technologies Private Limited, making it a wholly-owned subsidiary.
- Approved investment up to ₹100 Crores in Nuvama Asset Management Limited, making it a wholly-owned subsidiary.
- Auditors highlighted uncertainty regarding legal appeals before the Supreme Court involving a subsidiary (NCSL) concerning liquidation of collaterals. Management is confident of a favorable outcome.
Financials
Positive
2026-07-30 19:25
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹1,376.22 Cr vs ₹1,122.65 Cr (▲22.58% YoY)
- EBITDA ₹726.67 Cr vs ₹613.10 Cr (▲18.52% YoY)
- PAT ₹305.64 Cr vs ₹263.87 Cr (▲15.83% YoY)
- EBITDA Margin 52.58% vs 54.52% (▼194 bps)
- Re-appointed Mr. Birendra Kumar and Ms. Anisha Motwani as Independent Directors for a second term of 3 years each, effective July 22, 2027.
- Approved raising funds up to ₹500 Crores through Non-convertible Debentures via private placement.
- Approved acquisition of an additional 26% equity stake in Pickright Technologies Private Limited, making it a wholly-owned subsidiary.
- Approved investment up to ₹100 Crores in equity shares of Nuvama Asset Management Limited, a wholly-owned subsidiary.
- The financial results include an 'Emphasis of Matter' paragraph from the auditors regarding ongoing Supreme Court appeals related to liquidation of collaterals by a subsidiary due to client margin shortfalls. Management is confident of a favorable outcome.
Financials
Negative
2026-07-30 19:22
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹1,376.22Cr vs ₹1,122.65Cr (▲23% YoY)
- EBITDA ₹726.67Cr vs ₹613.10Cr (▲19% YoY)
- PAT ₹305.64Cr vs ₹263.87Cr (▲16% YoY)
- EBITDA Margin 52.58% vs 54.52% (▼194bps)
- The Auditor's report includes an 'Emphasis of Matter' regarding pending Supreme Court appeals for a subsidiary's liquidation of collateral securities and an EOW lien on its clearing account.
- Board approved re-appointment of two Independent Directors, raising funds up to ₹500 Cr via NCDs, acquiring an additional 26% stake in Pickright Technologies Private Limited, and investing up to ₹100 Cr in Nuvama Asset Management Limited.
Financials
Positive
2026-07-30 19:19
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹1,376.22 Cr vs ₹1,122.65 Cr (▲22.58% YoY)
- EBITDA ₹732.41 Cr vs ₹615.06 Cr (▲19.08% YoY)
- PAT ₹305.64 Cr vs ₹263.87 Cr (▲15.83% YoY)
- EBITDA Margin 53.00% vs 54.69% (▼169 bps)
- Board approved re-appointment of two Independent Directors for a second term.
- Approved raising funds up to ₹500 Cr via Non-convertible Debentures.
- Approved acquisition of an additional 26% equity stake in Pickright Technologies Private Limited, making it a wholly-owned subsidiary.
- Approved investment up to ₹100 Cr in Nuvama Asset Management Limited, making it a wholly-owned subsidiary.
Financials
Positive
2026-07-30 19:14
- Consolidated Revenue ₹1,381.96Cr vs ₹1,124.61Cr (▲23% YoY)
- EBITDA ₹726.67Cr vs ₹613.10Cr (▲19% YoY)
- PAT ₹305.64Cr vs ₹263.87Cr (▲16% YoY)
- EBITDA Margin 52.58% vs 54.52% (▼194bps)
Business Update
Positive
2026-07-29 15:06
- Nuvama Wealth and Investment Limited, a wholly-owned subsidiary of Nuvama Wealth Management Limited, received a credit rating upgrade for its Non-Convertible Debentures from Acuite Ratings & Research Limited (ACUITE).
- The long-term rating was upgraded from 'ACUITE AA-/Stable' to 'ACUITE AA/Stable'.
Ownership
Neutral
2026-07-27 20:35
- Nuvama Wealth Management Limited allotted 67,745 equity shares to employees on July 27, 2026, upon exercise of ESOPs/ESARS.
- This increased the equity share capital from 18,25,28,816 to 18,25,96,561 shares.
Governance
Negative
2026-07-18 11:51
CRITICAL RED FLAG DETECTED
- Nuvama Wealth Management Limited received an Administrative Warning from SEBI on July 17, 2026.
- The warning pertains to observations from an inspection of public issues handled by the Company as a Merchant Banker.
- SEBI advised the Company to be careful and avoid recurrence of the observations.
- The company states no impact on financials, operations or other activities.
Governance
Neutral
2026-07-01 20:19
- Notice of Postal Ballot to seek shareholder approval for:
- Implementation of Employee Stock Appreciation Rights Scheme 2026 (ESAR 2026) for eligible employees of the Company, its subsidiaries, and associate companies.
- Revision of remuneration for MD & CEO, Mr. Ashish Kehair, with a maximum salary of ₹5.50 Cr p.a. and performance bonus up to 3 times salary.
- Remote e-voting period: July 3, 2026 to August 1, 2026.
Routine
Neutral
2026-06-29 17:31
- Nuvama Wealth Management Limited announced closure of its trading window.
- Effective from July 1, 2026, until 48 hours after Q1 FY27 results (quarter ended June 30, 2026) are filed.
- This prevents insider trading before financial results publication.
Business Update
Positive
2026-06-29 16:26
- Board approved the adoption of "Nuvama Wealth Management Limited Employee Stock Appreciation Rights Scheme 2026".
- The scheme aims to reward, motivate, and retain talent by granting up to 1,37,00,000 ESARs.
- Settlement is linked to market value appreciation, aligning employee rewards with shareholder value creation while limiting dilution.
- Subject to members' approval via postal ballot.
Ownership
Positive
2026-06-22 21:23
- Allotment of 43,698 equity shares of face value ₹2 each to employees upon exercise of Stock Options/Rights on June 22, 2026.
- The total equity share capital increased from 18,24,85,118 to 18,25,28,816 equity shares.
Business Update
Positive
2026-06-19 20:20
- CRISIL upgraded Nuvama's long-term rating from CRISIL AA-/Positive to CRISIL AA/Stable, and reaffirmed short-term ratings at CRISIL A1+. Long-term ratings of key subsidiaries were also upgraded to CRISIL AA/Stable.
Ownership
Neutral
2026-06-18 13:05
- Nuvama Wealth Management Limited allotted 1,48,670 equity shares on June 18, 2026, to employees upon exercise of Stock Options/Rights under ESOPs/ESARS.
- This allotment increased the company's equity share capital from 18,23,36,448 shares to 18,24,85,118 shares.
Governance
Negative
2026-06-13 16:19
CRITICAL RED FLAG DETECTED
- Nuvama Clearing Services Limited (NCSL), a subsidiary, had its appeal for waiver of a ₹10,84,438.40 penalty rejected by NSE Clearing Limited on June 12, 2026. The penalty is for non-submission of client collateral segregation data. The company states no financial or operational impact.
Business Update
Positive
2026-06-10 08:25
- Nuvama Wealth Management Limited received final SEBI approval on June 9, 2026, to launch Nuvama Mutual Fund.
- Nuvama Asset Management Limited will act as the Asset Management Company for the new mutual fund business.
- This expands the company's integrated wealth and asset management platform.
Routine
Neutral
2026-06-09 18:03
New Filing detected. See link for details.
Ownership
Neutral
2026-05-26 19:02
Nuvama Wealth Management Limited allotted 71,851 equity shares of ₹2 face value on May 26, 2026, to employees exercising Stock Options/Rights under its ESOPs/ESARs schemes. This allotment increased the total equity share capital from 18,21,79,612 shares to 18,22,51,463 shares.
Business Update
Neutral
2026-05-26 18:32
Nuvama Wealth Management Limited announced its schedule of analysts/institutional investor meetings for June 2026. The company's representatives will participate in the Nuvama India Conference 2026 (UK Edition) on June 8-9, Goldman Sachs 2026 Asia Financials Corporate Day on June 22, and JM Financial India Finance Forum on June 23. They will discuss the Investor Presentation for the quarter and financial year ended March 31, 2026.
Business Update
Neutral
2026-05-26 18:30
Nuvama Wealth Management Limited will participate in multiple investor meetings in June 2026. These include the Nuvama India Conference 2026 (UK Edition) on June 8-9, Goldman Sachs 2026 Asia Financials Corporate Day on June 22, and JM Financial India Finance Forum on June 23. Company representatives will discuss the Investor Presentation for the quarter and financial year ended March 31, 2026. No unpublished price-sensitive information will be shared.
Business Update
Neutral
2026-05-26 18:25
Nuvama Wealth Management Limited announced the schedule for upcoming analyst and institutional investor meetings. The company will participate in the Nuvama India Conference (UK Edition) on June 8-9, 2026, Goldman Sachs 2026 Asia Financials Corporate Day on June 22, 2026, and JM Financial India Finance Forum on June 23, 2026. Representatives will discuss the Investor Presentation for the quarter and financial year ended March 31, 2026.
Governance
Neutral
2026-05-19 18:01
Nuvama Wealth Management Limited's Board of Directors, in a meeting held on May 19, 2026, approved the appointment of M/s. Protiviti India Member Private Limited as the Internal Auditors for the Financial Year 2026-27.
Business Update
Positive
2026-05-18 19:28
Management outlined a positive outlook for FY27, projecting the launch of new funds in Asset Management: a commercial real estate fund targeting ₹3,000-3,500 crores, a pre-IPO private equity fund aiming for ₹1,000-1,500 crores, and a private credit fund also targeting ₹1,000-1,500 crores, with a Mutual Fund license expected in approximately two months. In Wealth Management, a 100 bps annual reduction in the cost-to-income ratio is anticipated over the next 3-4 years, driven by a 25% revenue jump per Relationship Manager due to seniorisation and AI adoption. Asset Services plans to launch RTA/Trusteeship services by mid-Q3 and expects stable to potentially rising yields. The company forecasts a good year for investment banking with a healthy pipeline and 20-25% structural growth in fixed income, enhancing overall earnings predictability.
Business Update
Neutral
2026-05-12 16:26
Nuvama Wealth Management Limited announced the availability of the audio recording of its earnings conference call, held on May 12, 2026. The call discussed the company's performance for the quarter and financial year ended March 31, 2026. The recording and the associated presentation are hosted on the company's website.
Routine
Positive
2026-05-12 15:53
Nuvama Wealth Management Limited issued a communication to its equity shareholders regarding Tax Deduction at Source (TDS)/Withholding Tax on the interim dividend of Rs. 14/- per equity share declared for the financial year 2026-27. The record date for determining eligibility for the dividend payment is Friday, May 15, 2026. The communication details the applicable tax deduction rates and required documents for resident and non-resident shareholders, with a deadline of May 14, 2026, for submission of documents.
Financials
Positive
2026-05-11 22:20
Consolidated Revenue ₹1,269.14Cr vs ₹1,119.81Cr (▲13.33% YoY), EBITDA ₹636.88Cr vs ₹578.50Cr (▲10.09% YoY), PAT ₹268.79Cr vs ₹255.27Cr (▲5.30% YoY). EBITDA Margin 50.18% vs 51.66% (▼148bps). The Board also declared an interim dividend of Rs. 14 per equity share for FY2026-27.
Financials
Positive
2026-05-11 21:30
Consolidated Revenue ₹825 Cr vs ₹771 Cr (▲7% YoY), Operating Profit Before Tax (PBT) ₹347 Cr vs ₹336 Cr (▲3% YoY), PAT ₹269 Cr vs ₹255 Cr (▲5% YoY). PBT Margin 42.1% vs 43.6% (▼150bps). The company also announced a dividend of ₹14 per share.
Financials
Negative
2026-05-11 21:23
CRITICAL RED FLAG DETECTED
Nuvama Wealth Management Limited announced the outcome of its Board Meeting held on May 11, 2026, where the Consolidated and Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026, were approved. An Interim Dividend of Rs. 14/- per equity share (face value Rs. 2/-) for the financial year 2026-27 was declared, with a record date of May 15, 2026, and payment on or before June 9, 2026. The auditor's report included an 'Emphasis of Matter' regarding pending Supreme Court appeals concerning the liquidation of collaterals to regularize outstanding debit obligations of a subsidiary, noting no adjustments were made to the results.
Financials
Positive
2026-05-11 21:20
CRITICAL RED FLAG DETECTED
Nuvama Wealth Management Limited announced that its Board of Directors approved the Consolidated and Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026. The Board also declared an Interim Dividend of Rs. 14/- per equity share (face value Rs. 2/-) for FY 2026-27. May 15, 2026, has been fixed as the record date for this dividend, which will be paid on or before June 9, 2026. The auditor's report included an 'Emphasis of Matter' regarding pending Supreme Court appeals related to outstanding debit obligations of a subsidiary.
Financials
Neutral
2026-05-11 21:17
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹1,269.14Cr vs ₹1,119.81Cr (▲13.33% YoY), EBITDA ₹648.87Cr vs ₹583.47Cr (▲11.21% YoY), PAT attributable to owners ₹269.15Cr vs ₹255.41Cr (▲5.38% YoY). EBITDA Margin 51.13% vs 52.10% (▼97bps). The Board also declared an interim dividend of ₹14 per equity share for FY2026-27. Auditors highlighted pending legal matters before the Supreme Court regarding liquidation of collaterals by a subsidiary, Nuvama Clearing Services Limited (NCSL), and a regulatory order for reinstatement of securities, which the company is appealing.
Business Update
Positive
2026-05-11 20:43
Nuvama Wealth Management Limited has announced the grant of 93,930 Employee Stock Appreciation Rights (ESARs) to eligible employee(s) on May 11, 2026, under the 'Nuvama Wealth Employee Stock Appreciation Rights Plan 2024'. The ESARs will vest over a period of 2 years from the date of vesting, as per the terms detailed in Annexure A.
Ownership
Neutral
2026-05-11 20:05
Nuvama Wealth Management Limited announced on May 11, 2026, the allotment of 1,38,099 equity shares of face value Rs. 2 each to employees upon the exercise of stock options/rights under the ESOP and ESAR plans. This increased the company's total equity share capital from 18,20,41,513 shares to 18,21,79,612 shares.
Business Update
Negative
2026-05-07 11:18
CRITICAL RED FLAG DETECTED
Nuvama Wealth Management Limited's wholly-owned subsidiary, Nuvama Wealth and Investment Limited (NWIL), received an administrative warning letter from SEBI on May 6, 2026. The letter concerns observations from a comprehensive inspection (Oct 2024 - Sep 2025) related to broking, depository, cybersecurity, and cyber resilience frameworks, advising NWIL to avoid recurrence. The company states there is no impact on its financials or operations.
Governance
Negative
2026-04-29 18:35
CRITICAL RED FLAG DETECTED
Nuvama Wealth Management's wholly-owned subsidiary, Nuvama Wealth and Investment Limited (NWIL), received two warning letters from NSE on April 29, 2026. These letters pertain to observations regarding periodical submissions during limited purpose inspections conducted in 2025. The company stated that these warnings have no impact on its financials, operations, or other activities.
Business Update
Negative
2026-04-23 15:06
CRITICAL RED FLAG DETECTED
Nuvama Wealth and Investment Limited, a wholly-owned subsidiary, received a penalty of Rs. 8,69,600/- from NSE on April 22, 2026, for operational non-compliance during a SEBI inspection. The company is seeking a review and states no impact on financials or operations.
Routine
Neutral
2026-04-06 17:21
Nuvama Wealth Management Limited submitted the Regulation 74(5) certificate for the quarter ended March 31, 2026, confirming that securities received for dematerialisation during the period were duly processed and records updated by MUFG Intime India Private Limited.
Business Update
Positive
2026-04-02 16:00
Nuvama Wealth Management Limited invested ₹100.00 Cr in its wholly-owned material subsidiary, Nuvama Wealth Finance Limited, via a rights issue for general business purposes.
Routine
Neutral
2026-03-30 15:37
Nuvama Wealth Management Limited announced the closure of its trading window from April 1, 2026, until 48 hours after the audited financial results for the quarter and financial year ended March 31, 2026, are approved by the Board and filed with stock exchanges.
Ownership
Positive
2026-03-16 18:40
Nuvama Wealth Management allotted 4,390 equity shares (face value Rs. 2 each) to employees upon ESOP exercise on March 16, 2026. This increased the total equity share capital from 18,20,37,123 to 18,20,41,513 shares.
Business Update
Negative
2026-03-02 23:32
CRITICAL RED FLAG DETECTED
Nuvama Wealth Management's subsidiary, Nuvama Wealth and Investment Limited, received a ₹1,00,000 penalty from NSE on March 2, 2026, for non-compliance regarding client complaints identified during an inspection. The company is filing a review application, stating no material financial or operational impact.
Business Update
Neutral
2026-02-25 16:08
Nuvama Wealth Management Limited will host a Non-Deal Roadshow with Citi from March 9-13, 2026, in Singapore and Hong Kong. Company representatives will meet investors/analysts to discuss the Investor Presentation for the quarter and nine months ended December 31, 2025. No unpublished price-sensitive information will be shared.
Governance
Negative
2026-02-21 12:22
CRITICAL RED FLAG DETECTED
Nuvama Wealth and Investment Limited (NWIL), a subsidiary, received a letter from NSE on Feb 20, 2026, advising it to be careful and avoid recurrence of observations from a July 2025 inspection concerning operational submissions. The company states no financial or operational impact.
Business Update
Positive
2026-02-20 23:29
ICRA has upgraded Nuvama Wealth Management Limited's Issuer Rating and Long-term fund-based/Non-fund based bank lines from [ICRA]AA-(Positive) to [ICRA]AA (Stable). Short-term ratings were reaffirmed. Similar rating actions were also taken for its material subsidiaries.
Business Update
Neutral
2026-02-16 20:48
On February 16, 2026, the Company allotted 21,940 equity shares (face value Rs. 2 each) upon exercise of ESOPs. This increased the total equity share capital from 18,20,15,183 shares to 18,20,37,123 shares.
Business Update
Positive
2026-02-10 09:44
Nuvama Wealth Management Limited filed a keynote presentation for the Nuvama India Conference 2026, delivered by MD & CEO Mr. Ashish Kehair on February 10, 2026. The presentation covers an industry and strategic overview, highlighting structural tailwinds in wealth management.
Business Update
Neutral
2026-02-03 12:10
Nuvama Wealth Management Limited allotted 1,67,230 equity shares on February 3, 2026, upon exercise of ESOPs. This increased the total equity share capital from 18,18,47,953 shares to 18,20,15,183 shares.