Nuvama Wealth Management Ltd

Nuvama Wealth Management Ltd

₹ 5,089 0.67%
03 Jul 9:47 a.m.
About

Nuvama Group (formerly Edelweiss Wealth Management) is backed 25+ years experience in the Indian market and strengthened by strong institutional ownership with PAG as the promoter of company, a leading investment firm that has been advancing the world of private equity, real assets and credit & markets, in the APAC region.[1]

Key Points

Overview[1]
The company has strong institutional ownership: PAG (promoter of company) is one of the largest Asia-based alternative investment managers with $50 bn+ assets under management. PAG grp holds 56% shareholding in the company.[2]

  • Market Cap 18,014 Cr.
  • Current Price 5,089
  • High / Low 5,528 / 2,100
  • Stock P/E 28.8
  • Book Value 820
  • Dividend Yield 0.00 %
  • ROCE 16.5 %
  • ROE 24.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 135 to 76.1 days.

Cons

  • Stock is trading at 6.17 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
461 563 579 613 648 735 841 927
297 331 336 378 357 375 396 464
Operating Profit 163 231 243 235 290 360 445 464
OPM % 35% 41% 42% 38% 45% 49% 53% 50%
2 4 6 7 4 3 2 2
Interest 82 102 114 99 119 147 171 183
Depreciation 15 19 23 31 22 24 45 45
Profit before tax 69 113 112 112 153 191 231 237
Tax % 31% 25% 22% 24% 19% 24% 24% 24%
47 85 87 85 123 145 176 181
EPS in Rs 35.09 41.39 50.06 51.19
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
780 1,384 1,778 2,223 3,151
281 939 1,132 1,340 1,592
Operating Profit 499 444 646 883 1,559
OPM % 64% 32% 36% 40% 49%
76 -565 638 8 9
Interest 200 246 278 396 620
Depreciation 15 50 71 89 136
Profit before tax 360 -417 935 406 812
Tax % 21% -14% 8% 25% 23%
286 -475 857 305 625
EPS in Rs 177.10
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 82%
TTM: 105%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 26 35 35 35 35
Reserves 1,056 1,592 1,896 2,219 2,859
1,287 1,428 3,549 5,413 6,746
2,841 4,397 5,119 5,048 10,746
Total Liabilities 5,211 7,451 10,598 12,716 20,387
108 162 219 284 298
CWIP 4 22 18 25 0
Investments 665 25 70 170 170
4,434 7,242 10,292 12,237 19,919
Total Assets 5,211 7,451 10,598 12,716 20,387

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-500 -1,108 -1,425 -1,865 -1,658
-112 -124 -81 -173 -80
235 877 2,139 1,825 1,316
Net Cash Flow -376 -354 633 -212 -422

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 163 72 183 146 76
Inventory Days 1,378
Days Payable 748
Cash Conversion Cycle 793 72 183 146 76
Working Capital Days -912 -860 -503 -277 -957
ROCE % 17% 14% 12%

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024
56.19% 56.19% 55.95% 55.81%
9.40% 9.45% 7.16% 6.91%
0.79% 0.78% 0.92% 1.26%
32.17% 32.13% 35.95% 36.00%
1.43% 1.43% 0.00% 0.00%
No. of Shareholders 95,06794,90678,62779,220

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents