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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Nuvama Wealth Management Limited is an India-based holding company. The Company operates through three segments: Wealth management business, Asset management business, and Capital markets business. The Wealth management business segment includes the distribution of financial…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, priced for perfection — but flagged on governance.
NUVAMA WEALTH MANAGE LTD is scored on the commodity / cyclical framework. It keeps a fat 22.5% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -2.90×) — worth a closer look. Free cash flow is worth about -9.2% of its market value.
Over the last 3 years revenue compounded at 28%/yr and profit at 51%/yr. Book value itself has compounded 22%/yr — the hallmark of a genuine compounder. Return on equity is an elite 25.3%. In the latest quarter profit grew 14% versus the prior quarter.
At 32× earnings, the stock sits at the 98th percentile of its own 3.1-year range — the expensive end of where it has historically traded. Today's price implies ~15%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-2.34 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 31.48 | 33.17 | better |
| P/B | 8.3 | 3.56 | worse |
| EV/EBITDA | 9.32 | 10.27 | better |
| ROE | 25.26 | 12.05 | better |
| ROCE | 14.91 | 13.64 | better |
| ROA | 2.99 | 5.51 | worse |
| Quick Ratio | 1.05 | 1.55 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Groww | 50.1 | 11.7 | 23.3% |
| Motilal Oswal Fin | 24.6 | 4.3 | 17.4% |
| 360 One Wam | 39.3 | 3.9 | 12.0% |
Revenue has grown every year across all 4 financial years shown. 28% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (51% vs 28%) — margin expansion is at work.
Operating margin has expanded from 18% to 30% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 25% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Capital efficiency improving — ROE up 12pp across the window.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (51% vs -14%) — share dilution is eroding per-share value. -14% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
4 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 8% sequentially — momentum is building. Run-rate stepping up — recent quarters average 18% above earlier ones.
Profit jumped 14% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.1y median.
Promoter holding at 53.4% — majority control intact. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.