Nuvama Wealth Management Limited

Investment Managers/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

NUVAMA

FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹1,804 today

BEAR

₹937

-48%

13% a year · 14.5x exit

BASE

₹1,770

-2%

22.5% a year · 25.3x exit

BULL

₹2,886

+60%

30.6% a year · 38.6x exit

Where the market has priced it

11x32x today56x

this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 8 Investment Managers peers

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹57.19 (screener)
Guided growth	22.5% a year, said on the call of 18-May-2026 · transcript
Read across as	operating: revenue growth, margin held flat — medium confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	14.5x / 25.27x / 38.65x, this company’s own p20 / median / p80 across 8 filed years
Filed-industry peers	median 25.27x across 8 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)¹ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from a third-party research digest · not our own extraction

implied earnings growth 22%

Revenue growth 20-25% for FY27; opex growth 10-12%; net flows INR25,000-26,000 crores for FY26 (maintained)

Call 18-May-2026 · bridge confidence medium · transcript PDF

Coverage

SectorInvestment Managers

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

*Nuvama on Indian Economy*

India CPI inflation rose to 3.4% in March from 3.2% in February

Increase mainly driven by higher food inflation, rising to 3.7% in March.

Gas inflation sharply increased to 5.3% due

15 Apr 05:22

NUVAMA: Receives SEBI approval to launch mutual fund business via asset management arm.

Regulatory10 Jun 13:29

*Nuvama On Sterlite Tech*

Recently met with MD Ankit Agarwal of Sterlite Technologies

Demand to sustain, underpinned by data centre (DC) opportunities

Supply chain to stay constrained by limited raw material availability

Co stepping up R&D investment to bolster product capabilities

Spot prices of optical fibre have risen materially in t

Mention only10 Apr 02:49

NUVAMA WEALTH ; Management says Reported its highest-ever quarterly profit, with PAT exceeding ₹300 crore, revenue crossing ₹900 crore, and client assets surpassing ₹5 lakh crore.

30 Jul 14:43