Who are Nuvama Wealth Management's main competitors?

Named competitors: 360 One Wam (360ONE.NS), Anand Rathi Wealth (ANANDRATHI.NS), JM Financial (JMFINANCIL.NS). The cockpit's measured peer set (industry) also includes First Capital Securities (002797.SZ), Guotai Junan International (1788.HK), AMP (AMP.AX), Eurazeo (RF.PA), Cohen & Steers (CNS), Mandatum (MANTA.HE).

Is Nuvama Wealth Management expensive compared with its peers?

On forward p/e it trades at 26.2× against a peer median of 17.5×, 4th most expensive of 19 in its peer set.

How has Nuvama Wealth Management stock performed?

Over six months to 6 Nov 2026 the shares returned +25.3% against +1.3% for the median peer; over one year +27.9%.

← CockpitCompetitor Analysis › NUVAMA.NS Nuvama Wealth ManagementOpen in the cockpit ↗

Nuvama Wealth ManagementNUVAMA.NSCompetitor analysis, valuation and peers

India · INR·Financials›Investment Managers

Wealth management and capital markets firm demerged from Edelweiss, backed by private equity firm PAG.

Momentum leader 85

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.61B

US dollars, full cap

Free float

43%

of shares outstanding

$/day

$5.99M

20-day average traded

Fwd P/E

26.2×

forward earnings

ROIC−WACC

n/a

WACC 14.0%

Hurdle

n/a

no reverse DCF

Close · INR₹1,848

1D-1.4%

1W+6.5%

1M+1.2%

3M+11.4%

6M+25.3%

YTD+24.8%

1Y+27.9%

ATR %4.2%

Beta1.14

52w lowhigh10.6% off high

What Nuvama Wealth Management does

Wealth management and capital markets firm demerged from Edelweiss, backed by private equity firm PAG.

Earns recurring fees on the wealth of rich families and other clients it advises and manages, plus brokerage and advisory fees from institutional investors, so the trading-linked side moves with Indian market activity while wealth fees are steadier. PAG, an Asia-focused investment firm, is a large backer.

Products and services

Wealth management
Institutional broking/capital markets
Asset management (alternatives)

Customers

High-net-worth individuals
Institutional investors
Corporates (IB services)

Where it sits in the supply chain

Financial services
Wealth management & capital markets
HNI wealth, broking & investment…

What could go right

Rising HNI wealth in India
Capital markets activity growth

What could go wrong

Post-demerger brand transition risk
Equity market cyclicality affecting fees

Moat: narrow (brand, distribution). Inherited Edelweiss's wealth/broking franchise and relationship-manager network, now under new ownership.

Headquarters: Mumbai, India · Founded: 1995 · Employees: 3,820

Named competitors

360 One Wam 360ONE.NS
Anand Rathi Wealth ANANDRATHI.NS
JM Financial JMFINANCIL.NS

Nuvama Wealth Management at a glance

Size Nuvama Wealth Management (NUVAMA.NS) is an India Financials company (Investment Managers) with a market value of $3.61B, the 251st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,848 on 6 Nov 2026.

Performance Over six months the shares gained 25.3%, against +1.3% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 13.0% over the last twelve months (peer median +21.0%); the operating margin is 29.3% (peer median 32.8%).

Valuation It trades at 26.2× forward earnings against a peer median of 17.5× (4th most expensive of 19).

Relative performance

Six months, rebased to 100: Nuvama Wealth Management against the median of its 20 peers (local-currency closes).

Nuvama Wealth Management financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹49.1B	₹46.8B	₹41.4B	₹31.1B	₹21.7B
Revenue growth	—	+13%	+33%	+43%	—
Gross profit	₹33.8B	₹42.0B	₹37.4B	₹27.0B	₹18.4B
EBITDA	₹15.5B	₹24.7B	₹22.4B	₹15.4B	₹8.80B
Net income	₹10.8B	₹10.4B	₹9.86B	₹6.25B	₹3.05B
Free cash flow	n/a	₹20.1B	₹74.7B	₹67.2B	-₹1.57B
Capital expenditure	n/a	₹287M	₹331M	₹809M	₹789M
Total debt	n/a	₹117B	₹80.4B	₹69.0B	₹55.5B

Quarterly statements and history in the cockpit →

Nuvama Wealth Management competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Nuvama Wealth Management is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nuvama Wealth Management is the large dot.

Nuvama Wealth Management competitors and peer comparison

Head to head with its named competitors (NUVAMA.NS vs 360ONE.NS vs ANANDRATHI.NS vs JMFINANCIL.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Nuvama Wealth Management NUVAMA.NS	$3.61B	+25%	+13%	29%	26.2×	n/a
360 One Wam 360ONE.NS	$4.95B	+3%	+25%	33%	35.1×	n/a
Anand Rathi Wealth ANANDRATHI.NS	$4.18B	+31%	+35%	41%	90.5×	n/a
JM Financial JMFINANCIL.NS	$1.13B	-22%	+1%	32%	8.0×	n/a

How Nuvama Wealth Management compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nuvama Wealth Management against its 20 peers (data as of 6 Nov 2026)
Measure	NUVAMA.NS	Peer median	Rank in peer set
1-month return	+1.2%	-0.7%	9th highest of 21
6-month return	+25.3%	+1.3%	4th highest of 21
Distance from 52-week high	-10.6%	-18.8%	4th highest of 21
Revenue growth (TTM)	+13.0%	+21.0%	7th lowest of 20
Operating margin	29.3%	32.8%	9th lowest of 20
Forward P/E	26.2×	17.5×	4th most expensive of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Nuvama Wealth Management NUVAMA.NS	India	$3.61B	+25%	+13%	29%	26.2×	n/a	n/a
First Capital Securities 002797.SZ	China	$3.61B	-24%	-6%	22%	21.1×	n/a	n/a
Guotai Junan International 1788.HK	Hong Kong	$3.58B	+10%	+43%	65%	n/a	n/a	n/a
AMP AMP.AX	Australia	$3.69B	+46%	-5%	-1%	15.7×	n/a	n/a
Eurazeo RF.PA	France	$3.70B	+2%	+18%	-2%	28.7×	n/a	n/a
Cohen & Steers CNS	United States	$3.76B	+1%	+13%	33%	20.1×	n/a	n/a
Mandatum MANTA.HE	Finland	$3.33B	-10%	+60%	8%	23.7×	n/a	n/a
Netwealth NWL.AX	Australia	$3.31B	-13%	+21%	46%	34.1×	n/a	n/a
Sealand Securities 000750.SZ	China	$3.30B	-12%	+2%	22%	n/a	n/a	n/a
Quilter QLT.L	United Kingdom	$3.30B	+5%	+191%	3%	15.0×	n/a	n/a
Tikehau Capital SCA TKO.PA	France	$3.24B	-10%	+32%	31%	10.7×	n/a	n/a
Acadian Asset Management AAMI	United States	$3.23B	+33%	+25%	27%	15.4×	n/a	n/a
Artisan Partners Asset Management APAM	United States	$3.17B	+3%	+6%	36%	10.6×	n/a	n/a
AllianceBernstein Holding L.P AB	United States	$3.14B	-13%	n/a	n/a	9.6×	n/a	n/a
Anand Rathi Wealth ANANDRATHI.NS	India	$4.18B	+31%	+35%	41%	90.5×	n/a	n/a
AJ Bell AJB.L	United Kingdom	$3.04B	+13%	+19%	42%	19.2×	n/a	n/a
China Cinda Asset Management 1359.HK	Hong Kong	$4.36B	-21%	-25%	53%	11.7×	n/a	n/a
Sprott SII.TO	Canada	$2.96B	-17%	+88%	38%	25.6×	n/a	n/a
Man EMG.L	United Kingdom	$4.43B	+10%	+24%	28%	8.4×	n/a	n/a
WisdomTree WT	United States	$2.94B	+2%	+45%	40%	15.4×	n/a	n/a
Caida Securities 600906.SS	China	$2.78B	-11%	+10%	36%	19.7×	n/a	n/a

Questions

Who are Nuvama Wealth Management's main competitors?: Named competitors: 360 One Wam (360ONE.NS), Anand Rathi Wealth (ANANDRATHI.NS), JM Financial (JMFINANCIL.NS). The cockpit's measured peer set (industry) also includes First Capital Securities (002797.SZ), Guotai Junan International (1788.HK), AMP (AMP.AX), Eurazeo (RF.PA), Cohen & Steers (CNS), Mandatum (MANTA.HE).
Is Nuvama Wealth Management expensive compared with its peers?: On forward p/e it trades at 26.2× against a peer median of 17.5×, 4th most expensive of 19 in its peer set.
How has Nuvama Wealth Management stock performed?: Over six months to 6 Nov 2026 the shares returned +25.3% against +1.3% for the median peer; over one year +27.9%.