Nuvama Wealth (NUVAMA) | Financial Analysis & Statements
Nuvama Wealth Management Ltd. Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Sep 2025Income Metrics
EPS (Diluted)
₹13.63
Balance Sheet Metrics
Total Assets
283.9B
Total Liabilities
248.9B
Shareholders Equity
34.9B
Debt to Equity
7.13
Cash Flow Metrics
Revenue & Profitability Trend
Annual Income Flow
2025
Nuvama Wealth Income Statement From 2024 to 2025
| Metric | 2025 | 2024 |
|---|---|---|
| Revenue | 21.4B | 17.3B |
| Cost of Goods Sold | 13.9B | 11.0B |
| Gross Profit | 7.5B | 6.3B |
| Gross Margin % | 35.2% | 36.5% |
| Operating Expenses | ||
| Research & Development | - | - |
| Selling, General & Administrative | 1.2B | 1.0B |
| Other Operating Expenses | 3.2B | 2.7B |
| Total Operating Expenses | 4.4B | 3.7B |
| Operating Income | 1.2B | 471.4M |
| Operating Margin % | 5.7% | 2.7% |
| Non-Operating Items | ||
| Interest Income | 16.8B | 10.7B |
| Interest Expense | 7.8B | 5.8B |
| Other Non-Operating Income | - | - |
| Pre-tax Income | 13.2B | 8.1B |
| Income Tax | 3.3B | 1.9B |
| Effective Tax Rate % | 25.3% | 23.0% |
| Net Income | 9.9B | 6.2B |
| Net Margin % | 46.0% | 36.0% |
| Key Metrics | ||
| EBITDA | 18.7B | 12.3B |
| EPS (Basic) | ₹55.33 | ₹177.97 |
| EPS (Diluted) | ₹53.71 | ₹174.14 |
| Basic Shares Outstanding | 178230745 | 35136393 |
| Diluted Shares Outstanding | 178230745 | 35136393 |
Income Statement Trend
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Nuvama Wealth Balance Sheet From 2024 to 2025
| Metric | 2025 | 2024 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash & Equivalents | 5.3B | 3.7B |
| Short-term Investments | 215.6B | 135.6B |
| Accounts Receivable | 7.4B | 6.1B |
| Inventory | - | - |
| Other Current Assets | 160.5M | 92.2M |
| Total Current Assets | 276.4B | 194.1B |
| Non-Current Assets | ||
| Property, Plant & Equipment | 3.3B | 2.6B |
| Goodwill | 651.3M | 812.7M |
| Intangible Assets | 452.0M | 524.7M |
| Long-term Investments | 1.1B | 3.4B |
| Other Non-Current Assets | 456.8M | 668.0M |
| Total Non-Current Assets | 7.5B | 9.7B |
| Total Assets | 283.9B | 203.9B |
| Liabilities | ||
| Current Liabilities | ||
| Accounts Payable | 60.4B | 36.7B |
| Short-term Debt | 45.8B | 31.9B |
| Current Portion of Long-term Debt | - | - |
| Other Current Liabilities | 1.5B | 940.1M |
| Total Current Liabilities | 214.3B | 137.1B |
| Non-Current Liabilities | ||
| Long-term Debt | 32.6B | 35.5B |
| Deferred Tax Liabilities | 940.0K | 5.8M |
| Other Non-Current Liabilities | 385.6M | 565.7M |
| Total Non-Current Liabilities | 34.6B | 37.8B |
| Total Liabilities | 248.9B | 174.9B |
| Equity | ||
| Common Stock | 359.7M | 353.1M |
| Retained Earnings | 16.1B | 11.6B |
| Treasury Stock | - | - |
| Other Equity | - | - |
| Total Shareholders Equity | 34.9B | 29.0B |
| Key Metrics | ||
| Total Debt | 78.4B | 67.5B |
| Working Capital | 62.1B | 57.0B |
Balance Sheet Composition
Nuvama Wealth Cash Flow Statement From 2024 to 2025
| Metric | 2025 | 2024 |
|---|---|---|
| Operating Activities | ||
| Net Income | 13.2B | 8.1B |
| Depreciation & Amortization | - | - |
| Stock-Based Compensation | 316.1M | 245.2M |
| Working Capital Changes | -38.8B | -43.8B |
| Operating Cash Flow | -25.2B | -35.4B |
| Investing Activities | ||
| Capital Expenditures | -320.4M | -808.9M |
| Acquisitions | -47.8M | -54.1M |
| Investment Purchases | -2.4B | -1.5M |
| Investment Sales | 1.9B | - |
| Investing Cash Flow | -844.1M | -864.5M |
| Financing Activities | ||
| Share Repurchases | - | - |
| Dividends Paid | -5.1B | - |
| Debt Issuance | 11.0B | 13.5B |
| Debt Repayment | -100.9M | -151.8M |
| Financing Cash Flow | 6.7B | 13.6B |
| Free Cash Flow | -4.0B | -17.4B |
| Net Change in Cash | -19.4B | -22.7B |
Cash Flow Trend
Nuvama Wealth Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
24.90
Forward P/E
20.89
Price to Book
6.54
Price to Sales
6.98
PEG Ratio
-56.56
Profitability Ratios
Profit Margin
28.62%
Operating Margin
39.31%
Return on Equity
28.23%
Return on Assets
3.47%
Financial Health
Current Ratio
1.29
Debt to Equity
237.58
Beta
0.20
Per Share Data
EPS (TTM)
₹55.28
Book Value per Share
₹210.38
Revenue per Share
₹199.23
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| NUVAMA | 245.0B | 24.90 | 6.54 | 28.23% | 28.62% | 237.58 |
| Jio Financial | 1.6T | 103.21 | 1.18 | 1.21% | 57.77% | 16.29 |
| HDFC Asset | 1.2T | 40.79 | 12.57 | 32.93% | 61.83% | 0.00 |
| Bajaj Holdings | 1.2T | 13.15 | 1.70 | 8.97% | 735.32% | 0.02 |
| Nippon Life India | 624.9B | 47.39 | 15.38 | 30.53% | 51.23% | 1.94 |
| 360 One Wam | 422.4B | 35.66 | 4.50 | 12.37% | 27.83% | 161.98 |
Financial data is updated regularly. All figures are in the company's reporting currency.



