Wealth First Portfolio Managers Limited (WEALTH)

About

Wealth First Portfolio Managers operates in Other Financial Services, with quarterly standalone revenue typically ₹14–20 Cr and market cap ₹965 Cr. Promoter-led at 74%, with minimal institutional ownership (FII 0%, DII 0.1%).

Face value: ₹10

Market cap

₹952 Cr

P/E

29.1×

P/B

6.3×

Dividend yield

1%

ROE

27.7%

ROCE

34.5%

Debt / equity

0

OPM

72.3%

EPS (TTM)

₹30.7

Book value

₹141.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue shows extreme quarterly volatility—₹20.57 Cr (Sep 2025) to ₹6.02 Cr (Dec 2025)—suggesting client concentration or operational instability; verify underlying drivers.
Operating margins collapsed to 15–32% in Dec 2025 from typical 70%+ baseline, then recovered by Jun 2026; investigate whether business stabilised or compression recurs.
Stock price down 25.9% year-on-year despite ROE 27.71%, signalling market concerns unrelated to reported fundamentals; establish source of disconnect.
PE 25.21 sits at a premium relative to earnings volatility (EPS ₹1.05–₹12.86 quarterly); valuation risk if volatility persists.

Generated analysis · source review pending

Growth drivers

Capital efficiency (ROE 27.71%) paired with zero debt (D/E 0) enables growth investment without dilution or leverage constraint
Typical quarterly OPM 70%+ (Sep 2025: 73.7%, Mar 2026: 71–76%, Jun 2026: 65–74%; investigate Dec 2025 15–32% compression) means revenue scale at these margins would compound earnings
Recovery from Dec 2025 lows (revenue back to ₹14+ Cr, OPM restored to 65%+) signals potential business stabilisation; verify whether structural or cyclical

Generated analysis · source review pending

1,540 historical price candles were omitted because the exchange source has not been verified.

₹890.0+0.3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 33.1% (3-yr avg)
+High return on capital employed of 42.9%
+Healthy operating margin of 72.3%
+Profit CAGR of 39.8% over the last 3 years
+Revenue CAGR of 32.4% over the last 3 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1724×
+Dividend payout of 29.4% of profit
+High promoter holding of 74% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 98

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Crisil LimitedCRISILCRISIL	₹32,373 Cr	₹32,373 Cr	₹4,126 Cr	₹1,229 Cr	29.7%	₹884 Cr	21%	33.9%	27.4%	48
RRP Semiconductor LtdRRPRRP	₹11,162 Cr	₹11,168 Cr	₹-7 Cr	₹-7 Cr	—	₹-8 Cr	—	-32.7%	-59.8%	—
Onemi Technology Solutions LimitedKISSHTKISSHT	₹6,254 Cr	₹7,346 Cr	₹2,179 Cr	₹651 Cr	29.9%	₹281 Cr	12.9%	32.9%	21%	-8
Asset Reconstruction Company (India) LimitedARCILARCIL	₹4,546 Cr	₹5,751 Cr	₹722 Cr	₹473 Cr	65.5%	₹-36 Cr	44.7%	—	-1.3%	—
Colab Platforms LtdCOLABCOLAB	₹2,622 Cr	₹2,624 Cr	₹158 Cr	₹2 Cr	1%	₹5 Cr	2.9%	23.2%	17.2%	9
Gyftr LtdGYFTRGYFTR	₹1,204 Cr	₹1,240 Cr	₹14 Cr	₹3 Cr	21.6%	₹2 Cr	12.9%	—	0.5%	—
Prime Securities LimitedPRIMESECUPRIMESECU	₹1,022 Cr	₹1,024 Cr	₹125 Cr	₹13 Cr	15.7%	₹5 Cr	9.6%	—	6.7%	—
Centrum Capital LimitedCENTRUMCENTRUM	₹969 Cr	₹17,026 Cr	₹3,643 Cr	₹948 Cr	29.2%	₹-217 Cr	-7.5%	12.7%	-46.8%	-519
Wealth First Portfolio Managers LimitedWEALTHWEALTH	₹952 Cr	₹952 Cr	₹58 Cr	₹37 Cr	72.3%	₹33 Cr	56%	34.5%	27.7%	563
Stellant Securities (India) LtdSTELLANTSTELLANT	₹518 Cr	₹518 Cr	₹0 Cr	₹-0 Cr	-93.8%	₹-0 Cr	-93.8%	-45.5%	-44.8%	0
The Investment Trust Of India LimitedTHEINVESTTHEINVEST	₹472 Cr	₹523 Cr	₹274 Cr	₹48 Cr	20.2%	₹33 Cr	12.2%	8.5%	4.2%	-42
Ndl Ventures LimitedNDLVENTURENDLVENTURE	₹422 Cr	₹1,328 Cr	₹1,044 Cr	₹149 Cr	17%	₹-38 Cr	0.2%	4.4%	-5.9%	-739

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	29	54	53	68
Interest	0	0	0	0
Expenses	10	11	13	19
Financing profit	19	43	40	49
Financing margin %	65.1%	79.4%	75.4%	72.2%
Other income	-0	13	7	3
Depreciation	0	0	0	0
Exceptional items	0	0	-2	0
Profit before tax	19	55	45	52
Tax	5	13	11	13
Tax %	25.5%	23%	24.3%	25.9%
PAT	14	43	34	38
EPS (₹)	13	40.1	32.1	36.3
EPS adjusted (₹)	13.3	40	32	36.3
	0%	0%	0%	24.8%

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	11
Reserves	66	108	118	140
Minority interest	—	—	—	20
	0	0	0	0
	4	7	8	10
Total equity & liabilities	80	125	136	180
	1	1	1	3
CWIP	0	0	0	0
Investments	39	48	31	105
	41	76	104	72
Total assets	80	125	136	180

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20	16	10	75
	-19	-10	8	-79
	-4	-4	-21	2
Net cash flow	-3	2	-2	-1
Free cash flow	20	15	10	73
CFO / Operating profit %	105.9%	35.9%	26%	152.6%

Compounded sales growth

7 years: —
5 years: —
3 years: 32%
1 year: 29%

Compounded profit growth

7 years: —
5 years: —
3 years: 39%
1 year: 12%

Return on equity

7 years: —
5 years: —
3 years: 28%
Last year: 23%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	65.4%	79.5%	75.6%	72.3%
EBIT margin %	63.8%	78.8%	74.9%	71.7%
PAT margin %	48%	78.6%	64.2%	56%
Working capital
Receivable days	42	32	42	45
Inventory days	850	1,869	2,008	519
Payable days	1	3	3	1
NWC days	890	1,899	2,047	563
Leverage
Current ratio	10.55	11.51	12.54	5.79
Debt to EBITDA	0	0	0	0
Debt to equity	0	0	0	0
Interest coverage	267.7	1,109.2	519.1	1,724
Asset turnover	0.37	0.44	0.39	0.38
Return ratios
Return on assets %	17.6%	34.2%	25.1%	21.3%
Return on capital employed %	24.2%	56.5%	37.7%	34.5%
Return on equity %	18.5%	36.1%	26.6%	25.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.04%	74.04%	74.04%	74.04%	74.04%
FII	0%	0%	0%	0%	0%
	0.09%	0.12%	0.1%	0.11%	0.1%
Government	0%	0%	0%	0%	0%
	25.87%	25.84%	25.86%	25.85%	25.86%
No. of shareholders	—	9,109	8,801	8,142	7,945

Promoter holding up 0 percentage points since Jun 2025.

2 deals · 13 Nov 2025 – 13 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Nov 2025	SHAH GAURANG PARMANAND	Bulk	NSE	Sell	57,013	₹1,151.41	₹6.56 Cr
13 Nov 2025	SHAH GAURANG PARMANAND	Bulk	NSE	Buy	4,508	₹1,149.58	₹0.52 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ASHISH NAVNITLAL SHAHExecutive Director-Chairperson related to Promoter-MD
Mrs. HENA ASHISH SHAHExecutive Director
Mrs. BINAL BHUKHANWALA GANDHINon-Executive - Non Independent Director
Mr. AMIT MAHESHKUMAR TRIVEDINon-Executive - Independent Director
Mr. SIDDHARTH ARVINDKUMAR SHAHNon-Executive - Independent Director
Mr. SAURABH SONTHALIANon-Executive - Independent Director
Aayush Kamleshbhai ShahCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Wealth First Portfolio Managers Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Investor Presentation and earnings call

1

Jun 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

3

Final dividend17 Sept 2026 · ex-date₹1
Interim dividend10 Feb 2026 · ex-date₹4
Interim dividend19 Nov 2025 · ex-date₹4

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

28 Sept 2026, 5:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

28 Sept 2026, 1:56 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

11 Sept 2026, 6:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

3 Sept 2026, 12:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

2 Sept 2026, 2:07 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 1:59 pmAGM/EGM

24Th AGM Of The Company To Be Held On Thursday, 24Th September, 2026.

AGM PDF

2 Sept 2026, 1:56 pmCorp. Action

Corporate Action - Fixes Record Date As 17Th September, 2026 For Final Dividend Of F.Y 2025-26.

Record Date PDF

29 Aug 2026, 12:41 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:26 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
28 Sept 2026, 1:56 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Wealth First Portfolio Managers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Investor Presentation and earnings call

Events

Dividends3

Board meetings1

Announcements

Announcements

Investor Presentation and earnings call

Dividends3

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

3

1