Edelweiss Financial Services Ltd(EDELWEISS)

NSE: EDELWEISSBSE: 532922

₹ 122.8+2.68%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 11,624 crWebsite: www.edelweissfin.comUpdated: 26 Oct 2026

About

Edelweiss Financial Services is a diversified Indian financial services holding company operating across capital markets, insurance, alternative asset management, mutual funds, and asset reconstruction. It manages total mutual fund AUM of $16,713 Mn and alternative asset fee-paying AUM of $4,724 Mn as of FY26, and describes itself as the only Indian alternatives manager to feature in the PDI Top Fund Raisers list for five consecutive years.^[1][2]

Business segments

Capital business contributed 45.7% of group revenue (₹4,969.98 Cr) in FY26, making it the largest segment by revenue.^[3]
Insurance business contributed 32.1% of revenue (₹3,482.30 Cr) in FY26; it is the segment that grew its revenue share the most over the FY19 - FY26 window, up 21.9 percentage points.^[3]
Alternatives business contributed 8.9% of revenue (₹963.76 Cr) in FY26 with an EBIT margin of 35.1%.^[3]
Asset reconstruction contributed 8.6% of revenue (₹930.03 Cr) in FY26 with the highest EBIT margin among segments at 50.5%.^[3]
Mutual Fund business contributed 2.0% of revenue (₹219.11 Cr) in FY26 with an EBIT margin of 34.2%.^[3]

Alternative asset management

Edelweiss Alternatives Asset Advisors (EAAA) fee-paying AUM reached $4,724 Mn in FY26, up 32% YoY, with fund raises of $1,147 Mn in the year, up 64% YoY.^[2]
EAAA raised INR 5,182 Cr in H1 FY26, up 3x YoY; notable closes included an Energy Transition Fund (INR 1,620 Cr first close anchored by the European Investment Bank) and an Infrastructure & Real Assets Fund (~INR 1,740 Cr first close).^[4]
Total alternative AUM was INR 68,175 Cr in Q3 FY26, up 18% YoY.^[5]
EAAA is the only Indian alternatives manager to feature in the PDI Top Fund Raisers of the Year list for five consecutive years.^[2]

Mutual fund operations

Edelweiss Mutual Fund (EAML) total AUM was $16,713 Mn in FY26, up 12% YoY; equity AUM was $8,241 Mn, up 25% YoY.^[2]
SIP book grew 58% YoY to $66 Mn in FY26; retail folios rose 46% YoY to 37 lakhs.^[2]

Credit and lending businesses

NBFC (ECLF) wholesale book was reduced 30% YoY to $185 Mn in FY26, down 90% from 2019 levels; MSME disbursals tripled YoY to $111 Mn in FY26.^[2]
NBFC GNPA improved to 2.20% at Mar-26 from 2.73% a year earlier; NNPA improved to 1.21% from 1.59%; capital adequacy was 30% at Mar-26.^[2]
Nido Home Finance (housing finance) AUM was INR 4,804 Cr at Dec-25, up 21% YoY; GNPA was 2.31% at Mar-26.^[5][2]
Asset reconstruction business recovered INR 4,753 Cr in Q1 FY26, up 3.5x YoY; retail share of capital employed rose to 22% from 14% YoY.^[6]

Insurance operations

General Insurance gross written premium (GWP) reached $137 Mn in FY26, up 28% YoY; 8,72,901 policies were issued in FY26, up 47% YoY.^[2]
General Insurance motor segment GDPI grew 27% YoY in FY26 vs. industry growth of 9%; solvency ratio was 157% at Mar-26.^[2]
Life Insurance solvency ratio was 176% at Mar-26; 13-month persistency was 70% in FY26.^[2]
Both General Insurance and Life Insurance were described as on track to reach breakeven by FY27; combined insurance PAT loss improved to INR (141) Cr in 9M FY26 from INR (196) Cr in 9M FY25.^[5]

Customers and distribution

Total customer reach grew 31% YoY to 12 million as of Sep-25; customer assets stood at INR 2.3 Tn.^[4]
General Insurance customers grew 35% YoY as of Sep-25; mutual fund retail folios were 37 lakhs at FY26.^[4][2]

Deleveraging and capital structure

Consolidated net debt declined 7% YoY to ₹10,430 Cr in FY26; corporate net debt was ₹6,410 Cr. Over six years from FY20, consolidated PAT grew 10x while net debt fell to one-third.^[2]
Management has stated a target to reduce corporate net debt to near zero over three years via property/investment monetisation (INR 3,000 Cr), dividends (INR 1,500 Cr), and stake sales (INR 2,000 - 3,000 Cr).^[4]

Recent developments

SEBI approved EAAA's DRHP on April 23, 2026; IPO listing is planned for Q3 FY27 (Oct - Dec 2026). A pre-IPO placement of 4.4% common equity raised $40 Mn in March 2026.^[2]
Citius InvIT (transport-focused, managed by EAAA) completed its IPO in April 2026, raising $117 Mn via fresh offer; the issue was oversubscribed ~20x excluding anchor book, the highest for a public InvIT in India.^[2]
Carlyle agreed to invest $230 Mn in Nido Home Finance (45% secondary stake plus $165 Mn primary equity); CCI and shareholder approvals were received by Q4 FY26 close, with RBI approval awaited.^[2]
Edelweiss Financial Services early-closed a public NCD issuance on September 29, 2026, with a base issue of ₹1,500 million and a limit of ₹3,000 million across 30,00,000 secured redeemable debentures at ₹1,000 face value.^[7]

Market Cap

₹11,624 Cr

High / Low

₹146 / 98

Stock P/E

18.7

Price / Book

2.4

Book Value

₹49

EPS

₹5.8

No. of Shares

94.65 Cr

ROCE

11.6%

ROE

12.1%

Sales

₹10,417 Cr

Net Profit

₹680 Cr

Promoter holding

31.5%

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Edelweiss Financial Services Ltd(EDELWEISS)

About

Business segments

Alternative asset management

Mutual fund operations

Credit and lending businesses

Insurance operations

Customers and distribution

Deleveraging and capital structure

Recent developments

Signal history

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