Nuvama Wealth (NUVAMA) Fair Value & Analysis
Financial Services · IN · Market cap ₹345B
Fair value as of: Aug 13, 2026
From 13 valuation models · updated 4 days ago
Share price −7.1% over the past month.
A solid business, but screening 57% overvalued on our models.
What matters now
- The model range is unusually wide (₹556.08 to ₹1,847). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
35‑month range ₹348.66 – ₹19,704 · fair‑value band ₹556.08 – ₹1,847 · the ₹1,731 price screens above the ₹741.45 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Nuvama Wealth (NUVAMA) currently trades at ₹1,731, while our model-based Fair Value estimate is ₹741.45, implying the stock looks roughly 57.2% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Nuvama Wealth generated revenue of ₹36.5B at a net margin of 28.5%. Revenue grew 6.2% year over year. It earns a return on equity of 27.3%. The balance sheet holds a net cash position of ₹104B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹556.08 (bear case) to ₹1,847 (bull case); at ₹1,731, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at -57%, NUVAMA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 13 models by family
Widest divergence: DCF Models (₹2,890) versus Asset-Based (₹151.27). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 75
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India and internationally.
Full company description
Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India and internationally. The company offers wealth management business, which includes the distribution of financial products, investment advisory, lending against securities and securities broking for clients in the wealth management business; and the asset management business comprises investment management for alternative investment funds (AIFs) and portfolio management services (PMS) across strategies. It also provides capital market business, such as institutional broking business, merchant banking business, advisory and clearing services. The company was formerly known as Edelweiss Securities Limited and changed its name to Nuvama Wealth Management Limited in August 2022. Nuvama Wealth Management Limited was incorporated in 1993 and is based in Mumbai, India. Nuvama Wealth Management Limited operates as a subsidiary of PAGAC Ecstasy Pte. Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nuvama Wealth reported revenue of ₹46.5B in FY2026 versus ₹15.7B in FY2022, a compound +31.3%/yr. Reported net income was ₹10.4B in FY2026, compounding +5.0%/yr from FY2022.
NUVAMA screens 57% overvalued. Compare with BlackRock, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- General Atlantic in talks to buy PAG’s stake in Nuvama Wealth – report
- PAG weighs restart on Nuvama Wealth stake sale – report
Peer Group
Asset Management · 698 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Asset Management median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BlackRock, Inc BLK | $1,161 | $465.75 | -60% |
| Blackstone Inc BX | $146.41 | $52.88 | -64% |
| Investor AB INVEB | kr 417.90 | kr 835.80 | +100% |
| Brookfield Corporation BN | C$62.41 | C$7.74 | -88% |
| AB Industrivärden INDUA | kr 544.00 | kr 375.93 | -31% |
| ICICIAMC ICICIAMC | ₹3,077 | ₹1,132 | -63% |
| Jio Financial Services Limited JIOFIN | ₹256.05 | ₹171.84 | -33% |
| Hedef Holding HEDEF | 267.25 TRY | 321.44 TRY | +20% |
| Bajaj Holdings BAJAJHLDNG | ₹11,579 | ₹11,257 | -3% |
| HDFC Asset Management Company HDFCAMC | ₹2,490 | ₹866.78 | -65% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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