Loading…
Wealth First Portfolio Managers Ltd
NSE: WEALTH BSE: 544536 INE658T01017 Financial Services NBFC 🔎 Screen
₹900 Cr
Market Cap
6.43
P/B
34.6%
ROCE
27.7%
ROE
0.00
D/E
56.3%
Fin. Margin
-34.1%
% from 52W High
16
α RS
🔍 WEALTH is showing a high-conviction setup because it matches 8 of 37 tracked screener presets, it's hugging the 10 EMA, and consistent_margins preset's Backtest win rate is 55% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction Technicals Backtest
Sources
Conviction 8/37 · hugging 10 EMA · Backtest win rate 55%
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Incorporated in 2002, Wealth First Portfolio Managers Ltd is in the business of wealth management

✓ Strengths 5
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
  • Company has been maintaining a healthy dividend payout of 23.4%
! Concerns 1
  • Debtor days have increased from 36.3 to 45.2 days.
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
Loading…
🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
Mixed quarter: headline revenue and PAT fell sharply YoY on a high base, zero trading income and AMC/insurance build-out costs, while AUA, trail revenue and client franchise continued to grow. quarter Investor Presentation One-Pager? Jun 2026
Revenue
₹14.3 Cr
Revenue from operations -42% YoY, -13% QoQ; total revenue ₹19.0 Cr (-24% YoY, +2% QoQ).
PAT
₹10.4 Cr
-35% YoY, -0.6% QoQ; PAT margin 54.9% vs 64.1%. EPS ₹9.69 vs ₹14.98.
AUA
₹13,647 Cr
+8.6% YoY, +12.3% QoQ; ARR/trail AUM ₹6,401 Cr. PMS+AIF AUA +86% YoY to ₹207 Cr.
What Went Right
  • AUA grew 8.6% YoY to ₹13,647 Cr (QoQ +12.3%), with PMS+AIF AUA surging 86% YoY to ₹207 Cr.
  • Trail revenue held up at ₹12.3 Cr, up 4.4% YoY; ARR AUM reached ₹6,401 Cr.
  • Client families rose 5% YoY to 6,967 and total clients to 21,986; 80% of clients have been with the firm for >5 years.
  • RM count up 22% YoY to 45, with 53% of RMs associated for >5 years, supporting continuity.
  • WFA acquisition materially scales platform: proforma ARR AUM ₹9,547 Cr and 26,539 clients; Phase I costs ₹52.1 Cr for 51%.
What to Watch
  • Headline revenue from operations fell 42.3% YoY to ₹14.3 Cr; even excluding Q1FY26's ₹9 Cr trading income, adjusted revenue was still down ~9% YoY.
  • PAT fell 35% YoY to ₹10.4 Cr and was cushioned by ₹4.7 Cr of other income (vs ₹0.1 Cr a year ago) from profit booking/MTM; core earnings quality is weaker than the PAT line suggests.
  • Consolidated operating costs jumped 51% YoY to ₹5.0 Cr; cost-to-income including AMC widened to 36.6% from 21.5%, with AMC/insurance losses not separately disclosed.
  • Fixed deposit AUA fell 14.6% YoY to ₹191 Cr; insurance premium book remains small at ₹81 Cr, so the new growth engines have not yet contributed meaningfully.
  • QoQ AUA growth was primarily equity MTM, not net inflows, leaving AUA momentum exposed to market reversal.
Management Guidance
  • Aim to grow combined Wealth First + WFA platform to around ₹20,000 crore over the next five years.
  • Wealthshield targeting 1,000 POSPs (30 onboarded so far).
  • WFA acquisition Phase I: 51% on or before Dec 2026 for ₹52.1 Cr; Phase II: remaining 49% in FY30.
Investor Lens
The thesis remains broadly intact because AUA is still compounding and the WFA acquisition adds real scale — proforma ARR AUM of ₹9,547 Cr and 26,539 clients — but Q1FY27 shows the cost of the transition: revenue is lower, costs are higher, and PAT was flattered by ₹4.7 Cr of other income. The deliberate exit from trading removed ₹9 Cr of YoY revenue, and trail income growth of only ₹0.5 Cr YoY is not yet replacing it. Watch whether consolidated revenue can stabilise above the low-teens run-rate, whether WFA closes by Dec-2026, and whether AUA growth converts into trail income rather than just equity-market MTM. If markets flatten, the other-income cushion and QoQ AUA momentum could reverse quickly.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📉 WEAK Revenue plunges 44% YoY; PAT down 37.5% to ₹10 Cr, margins weak
Revenue
Revenue fell sharply by 44% YoY to ₹14.0 Cr from the Jun 2025 quarter. Sequentially, revenue declined 17.6% from Mar 2026, indicating continued top-line pressure.
Profitability
Net profit dropped 37.5% YoY to ₹10.0 Cr, while EPS fell to ₹9.69 from ₹14.98. PAT was flat sequentially, but profitability remains well below year-ago levels.
Margins
Operating profit margin contracted sharply to 65% from 87% YoY and 71% QoQ. Operating profit fell 59.1% YoY to ₹9.0 Cr, reflecting weak revenue and margin compression.
Cash Flow
No cash flow data provided in this release. Operating profit of ₹9.0 Cr and zero interest/depreciation suggest limited non-cash items, but actual cash generation cannot be assessed.
Balance Sheet
No detailed balance sheet data provided. Debt-to-equity is zero, indicating a debt-free balance sheet, while ROE stands at a healthy 27.7%.
Key Risks
Sustained revenue decline of 44% YoY signals weakening demand or adverse market conditions. Margin compression from 87% to 65% could further hit profitability if revenue continues to fall. Reliance on other income (₹5.0 Cr) raises questions about core earnings quality.
Outlook
With sequential revenue decline and flat PAT, near-term momentum remains weak. Cost control and stabilization of revenue will be critical to restore margins and earnings growth.
Generated by AI · Jun 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Documents.

Access concall transcripts, annual reports, credit ratings, and investor presentations.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, SAST trigger, pledge change, concall, and corporate action for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Forensic Report.

A filings-based disclosure review of this company's most recent Annual Report — Accounting Quality Signals, Related Party Disclosures, Auditor Signals, and Governance Watchpoints, generated with your own AI key.

Upgrade to PremiumCreate Free Account

💼 Management Guidance

Revenue, loan book, NIM and other management targets — with hit/miss tracking
🔒
Premium Feature
Management guidance targets with historical hit/miss tracking — unlocked with Premium
Upgrade to Premium
Already a member? Log in

🎯 Thesis Tracker

Guidance vs Delivery — management track record
🔒
Premium Feature
Management guidance vs actual delivery — track whether revenue & PAT targets were Beat, Met or Missed across every reporting year
Upgrade to Premium
Already a member? Log in
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This report does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a SEBI-registered investment adviser or other qualified financial professional before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities or financial instruments discussed in this report. Any such positions, if material, are disclosed to the best of the author's knowledge and are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company, institution, or third party.

Information Sources:
The analysis and opinions expressed herein are based on publicly available information, including but not limited to company filings with the BSE/NSE, annual reports, management commentary, investor presentations, data from the Reserve Bank of India (RBI), SEBI, industry publications, and other reliable financial data sources. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This report may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. The author does not undertake any obligation to update such statements in the future.

Regulatory Compliance:
This report is intended to comply with the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, as amended, and other applicable Indian laws and regulations.

Limitation of Liability:
The content of this report is provided "as is" without any warranties, express or implied, including accuracy, completeness, merchantability, or fitness for a particular purpose. The author and publisher expressly disclaim any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.