Investor presentationSep 2026
Sep 2026 · PPT
Source: Bse
Edelweiss Financial Services Limited (EDELWEISS)
Micro CapFinancial Services stocks · Micro cap · NSE
Edelweiss Financial Services is a diversified Indian financial services group with seven businesses: Alternative Asset Management, Mutual Fund, Asset Reconstruction, NBFC, Housing Finance, General Insurance, and Life Insurance. The company reported $72 Mn consolidated PAT for the year ended March 31, 2026.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result06 Aug, 06:48 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
54NeutralSMA20 +4.0% / mo · MACD −
Stock trend: 61
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
EDELWEISSD candles · FIT view+7.6%Latest close ₹128.16 on 2026-10-19
Bar
-4.2%
RSI
43
MACD hist
-0.84
52W pos
63%
2026-10-19O ₹133.84H ₹134.48L ₹127.10C ₹128.16Vol 23.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
EDELWEISSNifty Financial ServicesNifty 500
- EDELWEISS
- +5.0%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +10.5 pp
Chart stats
19 Oct 2026- From 52W high
- -12.2%
- 52W range position
- 63%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.38x
- Avg traded value
- ₹79 Cr
- 20D price channel
- ₹126.3 - ₹146
₹146
₹98 - ₹146
₹5.6
Latest completed session
20-session average
38.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST40
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average47
Revenue +3.6% · PAT +30.1% YoY
Technical
Neutral54
Price trend and sector-relative-strength timing.
Valuation
Legacy model+21.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence62
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 47/100margin compression · Rev +4% YoY · PAT +30% YoY · +21% QoQ · operating leverage
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,328 Cr | +3.6% | +21.4% |
| EBITDA | ₹593 Cr | -25.6% | +19.1% |
| Operating margin | 25.0% | -1000 bps | -100 bps |
| PAT | ₹134 Cr | +30.1% | +1.5% |
| PAT margin | 5.8% | +117 bps | -112 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 20.30
- P/B
- 2.77
- EV/EBITDA
- 10.32
- Market Cap
- 12763.00Cr
Profitability
- ROE
- 14.20%
- ROCE
- 14.10%
- ROA
- 1.65%
- Dividend Y
- 1.11%
Growth (CAGR)
- Revenue 5Y
- 8.64%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 8.00%
- EPS 3Y
- 23.00%
Balance Sheet
- Debt/Equity
- 4.02
- Interest Coverage
- 1.22×
- Altman Z
- 0.85
- Book Value
- 48.80
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 7/5
- OCF
- 897.00 Cr
- EPS TTM
- 6.37
Shareholding
- Promoter Hold
- 32.26%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 77%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 2,328+21.4% vs prev
Net Profit
₹ CrLatest: 134+1.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 43. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~3.9% over last month) — short-term momentum positive.
- RSI(14) at 43 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 12% off 52W high · 31% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · WATCHLISTValuation6/30
Growth19/25
Quality8/20
Balance Sheet0/15
Cash Flow4/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
40
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
40/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 21.1%.
- Growth contributes 19/25 to the score.
- Quality contributes 8/20 to the score.
Main drags
- Altman Z is 0.8, in distress territory.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Valuation is weaker at 6/30; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
20.3
PB
2.8
EV/EBITDA
10.3
ROE
14.2%
ROCE
14.1%
FCF Yield
—
Debt/Equity
4.0
MoS
+21.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
40
Previous: 40
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+21.1%
Previous: +21.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
40
40
40
40
40
40
40
40
40
40
40
40
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹83.63
-53.2% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹162.44
+21.1% MoS
PEG
0.99
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
IIFLCAPS
Micro
IIFL Capital Services Limited
NBFC
match 170
42
19.0
16.2%
+26%
WATCHLIST
JMFINANCIL
Small
JM Financial Limited
NBFC
match 164
58
11.0
11.9%
+58%
FAIR VALUE
AKCAPIT
Small
AK Capital Services Limited
NBFC
match 157
43
10.2
11.0%
+48%
WATCHLIST
CENTRUM
Small
Centrum Capital Limited
NBFC
match 156
35
—
-25.9%
-97%
WATCHLIST
INDIASHLTR
Micro
India Shelter Finance Corporation Limited
NBFC
match 139
49
13.6
17.0%
+48%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T06:39:38.663Z
Management commentary snapshot
Edelweiss Financial Services reported a 27% YoY increase in consolidated PAT to $72 Mn for FY26. Key operating businesses showed strong growth, with Alternative Asset Management FPAUM up 32% YoY and Mutual Fund Equity AUM up 25% YoY. Customer reach expanded 31% YoY to 14 Mn.
The company is executing its strategy of growing asset management and retail credit, while reducing corporate debt and moving insurance businesses towards breakeven. Strategic divestments and investments indicate value unlocking and capital efficiency, supporting the long-term thesis.
Current business mix
Alternative Asset Management AUM by Strategy
Latest issuer-disclosed distribution across 3 reported categories.
Private Credit61.0%
Real Assets37.0%
Others2.0%
Growth engines
Alternative Asset Management
FPAUM grew by 32% YoY to $4,724 Mn, with fund raise of $1,147 Mn in the year, up 64% YoY.
Mutual Fund Business
Equity AUM grew by 25% YoY to $8,241 Mn and SIP book grew by 58% YoY to $66 Mn.
Retail Credit Businesses
MSME disbursements tripled YoY to $111 Mn and Housing Finance disbursements grew 27% YoY to $229 Mn.
General Insurance
Gross Written Premium (GWP) increased by 28% YoY to $137 Mn, and policies issued grew 47% YoY to 8,72,901.
Tailwinds
Strong Investor Demand for EAAA
Completed sale of 4.4% of EAAA's common equity for $40 Mn, driven by strong investor demand exceeding initial intent.
Successful Citius InvIT IPO
Citius InvIT IPO was oversubscribed ~20x (excluding anchor book), the highest for a public InvIT in India, listing at a 4.5% premium.
Strategic Investment in Nido
Global investment firm Carlyle will invest $230 Mn in Nido Home Finance, acquiring a 45% stake and infusing $165 Mn primary equity.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Both YoY and QoQ comparisons are relevant. YoY is crucial for assessing annual growth and performance trends across seasonal businesses like insurance and asset management. QoQ provides insight into sequential momentum, particularly for disbursements and asset quality metrics in credit businesses.
Sector KPIs management disclosed
Consolidated PAT
Consolidated PAT for the year grew by 27% YoY to $72 Mn.
Alternative Asset Management FPAUM
FPAUM grew by 32% YoY to $4,724 Mn for the year ended Mar 26.
Mutual Fund Equity AUM
Mutual Fund Equity AUM increased by 25% YoY to $8,241 Mn for the year ended Mar 26.
NBFC MSME Disbursements
MSME disbursements tripled YoY to $111 Mn in the year ended Mar 26.
Management forward view
EAAA Listing
Management aims to list EAAA at an opportune time aligned with market conditions, having received SEBI approval for DRHP.
Nido Strategic Investment
Management's focus is to close the strategic investment by Carlyle in Nido post regulatory approvals and ensure a smooth transition.
Asset Management Scale-up
Management plans to continue scaling Asset Management businesses, anchored by strong FPAUM and Equity AUM growth.
Insurance Breakeven
Management aims to achieve breakeven in both General and Life Insurance businesses by FY27.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EAAA Listing Progress | SEBI approval for DRHP received on April 23, 2026. RHP filing and IPO to be planned. | Timelines for RHP filing and successful IPO completion, and post-listing performance. |
| Carlyle Investment in Nido | Regulatory approvals (CCI, RBI) are in process. Shareholders' approval received. | Completion of all regulatory approvals and finalization of the investment, and subsequent impact on Nido's growth. |
| Insurance Businesses Profitability | General Insurance PAT was $(6) Mn and Life Insurance PAT was $(17) Mn for FY26. | Progress towards breakeven by FY27, specifically reduction in losses and growth in GWP/Gross Premium. |
| Corporate Net Debt | Corporate net debt declined by 20% over 2 years to $677 Mn as of Mar 26. | Continued reduction in corporate net debt and improvement in overall leverage ratios. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
62Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 35th percentile of the scored universe and 51st percentile within Financial Services. Main check: balance sheet trust is weak at 8/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
266 docs text-extracted · 39 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
35th percentile
overall median 67 · Financial Services: 51st pctile, median 62 · Micro: 19th pctile, median 73
Evidence depth
Financial-only
266 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
8
weak · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
67
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 35.9%.
- ▸7 years of positive FCF.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Debt/equity is 4.02.
- ▸Altman Z is 0.84.
- ▸Interest coverage is 1.2x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Edelweiss Financial Services Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 25 Sep - Edelweiss completed 45% Nido stake sale; buyers invested over Rs 2,000 crore and Nido ceased as subsidiary.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Company Ir
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcript
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 10 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 May - Newspaper Publication - Disclosure under the SEBI (LODR) Regulations, 2015
Source: Bse
Announcement
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 15 May
Source: Bse
Concall transcript
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 6 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.