Edelweiss Financial Services Limited (EDELWEISS)
₹134.84 +0.28% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Edelweiss Financial's revenue was ₹2,328 Cr (+3.7% year on year, +21.4% on the previous quarter), and net profit ₹134 Cr (+30.5% year on year); the operating margin was 25.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2,328 | +3.7% | +21.4% |
| Operating profit | ₹593 | -25.6% | +19.0% |
| Net profit | ₹134 | +30.5% | +1.8% |
| EPS (₹) | 1.42 | +100.0% | +52.7% |
| Operating margin | 25.5% | — | — |
EDELWEISS delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 49.26% of the EDELWEISS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 43.02%. Delivery was unusually high while the price barely moved (+0.28%). Volume was 0.3 times its average, well below normal. 2 bulk or block deals were reported in EDELWEISS in the last 60 days: ₹208 Cr bought and ₹208 Cr sold.
Delivery in the last 5 sessions: 46.2% · 43.6% · 39.8% · 48.7% · 49.3%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 1 Oct | Buy | Pabrai Wagons Etf | ₹207.99 Cr | ₹142.73 | 14,572,000 | Block |
| 1 Oct | Sell | Pabrai Wagons Fund | ₹207.99 Cr | ₹142.73 | 14,572,000 | Block |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Edelweiss Financial Services Limited has submitted the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificates were issued by its Registrar and Transfer Agents, MUFG Intime India Private Limited and KFin Technologies Limited. The RTAs confirmed that security certificates received for dematerialisation were processed, mutilated, and cancelled within the prescribed timelines. This is a standard quarterly regulatory filing with no operational or financial impact.
- Filing pertains to the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Certificates issued by RTAs MUFG Intime India (dated October 3, 2026) and KFin Technologies (dated October 12, 2026)
- Confirms mutilation and cancellation of dematerialised security certificates within prescribed timelines
Edelweiss Financial Services has decided to close its public issuance of Secured Redeemable NCDs early on September 29, 2026, ahead of the original scheduled closing date of October 5, 2026. The issue comprises a base issue size of ₹150 Cr (₹1,500 million) with a greenshoe option of ₹150 Cr, aggregating up to ₹300 Cr (₹3,000 million). The total potential fundraise represents ~2.0% of the company's market cap (₹14,824 Cr) and ~7.5% of total debt (₹3,985 Cr). Early closure indicates healthy investor subscription across retail and institutional tranches.
- Base issue size of ₹1,500 million (₹150 Cr) with an oversubscription option of up to ₹1,500 million, aggregating to ₹3,000 million (₹300 Cr)
- Issue comprises up to 30,00,000 Secured Redeemable NCDs of face value ₹1,000 each
- Early closure approved for September 29, 2026, advancing the original close date of October 5, 2026
- Total issue limit of ₹300 Cr accounts for ~7.5% of total reported debt of ₹3,985 Cr
Edelweiss Financial Services presented its 31st AGM update, detailing strategic milestones and multi-year transformation towards an asset-light model. Consolidated PAT (post minority interest) for FY26 reached ₹547 Cr, rising 37% YoY, while net debt declined 7% YoY to ₹10,430 Cr. The company highlighted major progress including completed stake sales with WestBridge (Mutual Fund) and Carlyle (Nido Home Finance), with the Edelweiss Alternatives IPO scheduled for Q3FY27. Management projects operating business PAT to compound at 20-25% CAGR and intrinsic value at 15-20% CAGR over the next five years.
- Consolidated PAT (post MI) rose 37% YoY to ₹547 Cr in FY26, with net worth at ₹5,944 Cr
- Consolidated net debt reduced 7% YoY to ₹10,430 Cr (down by ~₹21,000 Cr in NBFC debt since 2019)
- Strategic transactions delivered: WestBridge investment in MF and Carlyle in Nido completed; Edelweiss Alternatives IPO on track for Q3FY27
- Total customer reach expanded by 31% YoY to 14 million (135 lakh)
- Estimated total intrinsic value of operating businesses placed at ₹37,100 Cr (Edelweiss intrinsic value ₹32,000 Cr, up 15% YoY)
Edelweiss Financial Services Limited concluded its 31st Annual General Meeting on September 28, 2026. Shareholders approved ordinary business, including the adoption of audited standalone and consolidated financial statements for FY26 (revenue of Rs 10,425 Cr and PAT of Rs 680 Cr). A final dividend of Rs 1.50 per equity share (face value Re 1) was declared. Additionally, the re-appointment of Ms. Vidya Shah as a Director retiring by rotation was passed.
- Declared a dividend of Rs 1.50 per share on equity shares of face value Re 1 each
- Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026
- 31st Annual General Meeting held on September 28, 2026, via Video Conferencing
- Noted the stepping down of Independent Director Mr. Ashok Kini on April 30, 2026, due to health reasons
Edelweiss Financial Services has completed the strategic transaction with Carlyle affiliate CA Sardo for an investment exceeding ₹2,000 crore (~$210M) in subsidiary Nido Home Finance. Edelweiss completed a 45% secondary stake sale for approximately ₹600 crore, unlocking cash directly earmarked for debt reduction. Carlyle is also infusing ~₹1,450 crore of primary capital into Nido (~₹725 crore received immediately, remainder over 18 months), which will leave Edelweiss holding ~26% of Nido alongside an upside-sharing mechanism.
- Carlyle's total investment exceeds ₹2,000 crore (~USD 210 million) through primary and secondary routes
- Edelweiss completed a secondary sale of 45% stake in Nido Home Finance for ~₹600 crore
- Primary infusion of ~₹1,450 crore in Nido underway, with ~₹725 crore received and balance within 18 months
- Edelweiss will retain ~26% stake post full primary infusion plus an upside-sharing agreement
- Nido Home Finance operates an AUM of ~₹4,900 crore with 68 branches across 11 states and 3 UTs
Edelweiss Financial Services and its arms have consummated the sale of a 45% stake in Nido Home Finance Limited for ₹580.68 crore to CA Sardo Investments (Carlyle) and Salisbury Investments (Aditya Puri family). Along with fresh issuance of equity and warrants worth ₹1,446.14 crore, total investment by the buyers exceeds ₹2,000 crore. The buyers now own 58.26% of Nido, which increases to 72.70% on a fully diluted basis post-warrant conversion, causing Nido to cease being an Edelweiss subsidiary. Edelweiss sellers retain a 38.91% stake, which will dilute to 25.46% post-conversion, supporting the group's ongoing deleveraging plan.
- Completed transfer of 45% paid-up equity in Nido Home Finance for ₹580,67,79,525
- Nido issued 2,59,06,736 shares and 5,18,13,472 warrants to buyers for ₹14,46,13,99,102.56
- Total investment by Carlyle affiliate and Salisbury Investments exceeds ₹2,000 crore
- Buyers' stake stands at 58.26%, rising to 72.70% on full dilution within 18 months
- Edelweiss entities' stake reduces to 38.91% (25.46% post-warrant conversion); Nido ceases to be a subsidiary
Edelweiss Financial Services has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) for an aggregate amount of up to ₹3,000 million (₹300 crore), comprising a base issue of ₹150 crore and an oversubscription option up to ₹150 crore. The issue opens on September 21, 2026, and closes on October 05, 2026, offering effective annual yields between 8.64% and 10.00% across tenures of 24 to 120 months. At least 75% of the proceeds will be utilized to prepay or repay existing borrowings, assisting the company's deleveraging strategy against its existing debt of ₹3,985 crore. The NCDs are rated CRISIL A+/Stable and will list on the BSE.
- Total issue size of up to ₹3,000 million (₹300 crore) with a base issue size of ₹1,500 million (₹150 crore)
- Effective annual interest yields range from 8.64% p.a. to 10.00% p.a. across 10 series
- Tenures available are 24 months, 36 months, 60 months, and 120 months
- At least 75% of the funds will be deployed for repayment/prepayment of debt and interest
- Subscription opens on September 21, 2026, and closes on October 05, 2026
Edelweiss Financial Services announced that its wholly owned subsidiary, Comtrade Commodities Services Limited, has settled regulatory proceedings with SEBI under the NSEL Settlement Scheme 2025. Comtrade paid a settlement amount of ₹6,61,261 and accepted a voluntary debarment of 6 months from proprietary trading and onboarding new commodity clients. The company clarified that Comtrade has had no business operations since 2019, resulting in no financial or operational impact on the parent or other group entities.
- Comtrade Commodities Services settled proceedings with SEBI by paying ₹6,61,261
- Agreed to a voluntary 6-month debarment from proprietary trading and taking new commodity clients
- Subsidiary Comtrade has not conducted business activities since 2019
- Total of 91 entities settled under the SEBI NSEL Settlement Scheme 2025
Edelweiss Financial Services has approved a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹300 crore (base issue of ₹150 crore with a green shoe option of ₹150 crore). The issue opens on September 21, 2026, and closes on October 5, 2026, offering tenors of 24, 36, 60, and 120 months. Coupon rates range from 8.65% to 10.00% per annum, with effective yields up to 10.00%. The instrument carries a CRISIL A+/Stable rating for ₹1,200 crore and will be listed on the BSE.
- Issue size: Base size of ₹1,500 million (₹150 Cr) with a green shoe option of ₹1,500 million, aggregating up to ₹3,000 million (₹300 Cr)
- Issue timeline: Opens on Monday, September 21, 2026, and closes on Monday, October 5, 2026
- Pricing & Tenor: 10 series across 24, 36, 60, and 120 months with coupons between 8.65% and 10.00% p.a. (yields up to 10.00% p.a.)
- Credit rating: Rated CRISIL A+/Stable for an amount of ₹12,000 million by CRISIL
Edelweiss Financial Services Limited has submitted a regulatory disclosure under Regulation 30 regarding the communication sent to shareholders for its upcoming 31st Annual General Meeting (AGM). The communication includes the distribution of the Annual Report for the financial year ended March 31, 2026. This is a standard compliance requirement with no immediate impact on business operations or financial performance. In FY26, the company posted a total revenue of Rs 10,425.0 Cr and a net profit of Rs 680.0 Cr.
- Dispatched notice for the 31st Annual General Meeting (AGM) to shareholders.
- Circulated the Annual Report of the company for the financial year ended March 31, 2026.
- Filing made in compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulation 30.
Edelweiss Financial Services Limited has scheduled its 31st Annual General Meeting (AGM) for September 28, 2026, via video conferencing. The company has fixed September 13, 2026, as the Record Date to determine shareholder eligibility for the dividend recommended by the Board. The Register of Members and Share Transfer Books will remain closed from September 14, 2026, to September 24, 2026. The cut-off date for e-voting on AGM resolutions is set for September 22, 2026.
- Record Date fixed as September 13, 2026 for dividend entitlement
- 31st Annual General Meeting scheduled for Monday, September 28, 2026, at 4:00 PM IST
- Book closure period runs from September 14, 2026, to September 24, 2026 (both days inclusive)
- Cut-off date for AGM e-voting set as September 22, 2026
Edelweiss Financial Services Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, pursuant to SEBI LODR regulations. The standalone holding entity reported turnover of Rs 831.02 Cr (Rs 8,310.22 million) and a net worth of Rs 6,066.73 Cr (Rs 60,667.32 million) as of March 31, 2026. Standalone CSR expenditure stood at Rs 5.79 Cr (Rs 57.90 million), benefiting over 2.13 Cr persons. During FY26, the company resolved all 386 investor/NCD-holder complaints received with zero pending at year-end.
- Standalone FY26 turnover reported at Rs 8,310.22 million and net worth at Rs 60,667.32 million
- CSR spend for the fiscal year amounted to Rs 57.90 million
- Resolved 100% of the 386 equity and NCD holder complaints received in FY26 (0 pending at year-end)
- Permanent workforce at the standalone holding company stood at 26 employees with 0% attrition in FY26
Edelweiss Financial Services Limited has issued the notice for its 31st Annual General Meeting scheduled for September 28, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 audited standalone and consolidated financial statements, declaration of dividend, and the re-appointment of Non-executive Director Ms. Vidya Shah. The company has fixed September 13, 2026, as the record date for determining shareholder eligibility for dividend payout.
- 31st AGM scheduled for Monday, September 28, 2026, at 4:00 PM IST via VC/OAVM
- Record date for dividend entitlement established as September 13, 2026
- Book closure period scheduled from September 14, 2026 to September 24, 2026
- Re-appointment of Director Ms. Vidya Shah, who holds 3,52,97,357 shares (3.73% stake) in the company
Edelweiss Financial Services Limited has informed the exchanges that its Share Allotment Committee approved the allotment of 9,450 equity shares of face value Re. 1 each on September 3, 2026. The shares were issued pursuant to the Edelweiss Employees Stock Incentive Plan, 2011. Given the company's market capitalization of approximately Rs 14,016 Cr, the dilution from this allotment is negligible.
- Allotment of 9,450 equity shares under the Edelweiss Employees Stock Incentive Plan, 2011
- Face value of the allotted shares is Re. 1 each
- Allotment approved by the Share Allotment Committee on September 3, 2026
Edelweiss Financial Services has received a credit rating of 'BWR A+/Positive' from Brickwork Ratings India Private Limited on August 27, 2026. The rating has been assigned to the company's proposed Non-Convertible Debentures (NCD) programme of ₹1,000 crore. The proposed debt size represents ~25.1% of the company's current total debt of ₹3,985 crore and ~16.5% of its net worth (₹6,067 crore). The positive outlook reflects credit agency confidence as the company executes its growth and debt-reduction plans.
- Brickwork Ratings assigned 'BWR A+/Positive' rating on August 27, 2026
- Assigned to a proposed Non-Convertible Debentures (NCDs) programme of ₹1,000 crore
- Proposed issue equals ~25.1% of existing total debt (₹3,985 crore) and ~7.3% of market cap (₹13,775 crore)
- Positive outlook suggests headroom for stable or lowering borrowing costs
Financial Performance
Revenue Growth by Segment
Consolidated PAT grew to INR 536 Cr in FY25 from INR 528 Cr in FY24 (1.5% growth). Q1 FY26 PAT rose to INR 103 Cr from INR 76 Cr in Q1 FY25, representing a 35.5% YoY increase. The growth is primarily driven by the asset management and insurance segments, which offset the conscious run-down of the wholesale credit book.
Geographic Revenue Split
The company operates a pan-India network with 252 domestic offices and 3 international offices (Total 255 offices) across 136 cities. While specific revenue % by region is not disclosed, the network serves approximately 12 million customers primarily in the Indian market.
Profitability Margins
Return on Total Assets (ROTA) improved to 1.33% in FY25 from 1.26% in FY24. Return on Tangible Net Worth (RONW) increased to 11.85% in FY25 from 8.7% in FY24. These improvements are due to lower credit costs and higher insurance premium income.
EBITDA Margin
Core profitability is characterized by a revival in earnings, with Q2 FY26 PAT reaching INR 175 Cr. However, margins remain constrained by a 'monitorable portfolio' of stressed assets and a declining loan book as the company shifts to an asset-light model.
Capital Expenditure
The group has raised approximately INR 6,000 Cr in capital since 2016 to support its lending, wealth management, and asset management businesses. As of September 30, 2025, the consolidated net worth stood at INR 5,636 Cr.
Credit Rating & Borrowing
The company holds ratings of Crisil A+/Stable and CARE A; Stable. Borrowing costs are reflected in recent NCD issuances offering an effective yield of up to 10.10% per annum to attract retail and institutional liquidity.
Operational Drivers
Raw Materials
Debt Capital (80% of operational funding), Equity Capital (20% of funding base), and Insurance Premium Floats.
Import Sources
Sourced from domestic retail investors, High Net Worth Individuals (HNIs), and global institutional investors such as Westbridge Capital.
Key Suppliers
Major capital providers include Westbridge Capital (15% stake in Mutual Fund) and various domestic banks involved in co-lending arrangements.
Capacity Expansion
Current infrastructure includes 255 offices. Expansion is focused on 'digital-first' retail footprint growth to reach 12 million customers rather than physical office expansion.
Raw Material Costs
Interest expenses are the primary cost driver. In FY25, standalone total income was INR 40 Cr net of interest expenses, compared to INR 701 Cr in FY24, reflecting the impact of high borrowing costs and portfolio restructuring.
Manufacturing Efficiency
Transitioning to an asset-light co-origination model for retail lending to improve Return on Assets (ROA) to a target of 2.5% on a sustained basis.
Logistics & Distribution
Distribution is handled through 255 offices and digital channels, focusing on SME lending, housing finance, and insurance products.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
The company aims to generate INR 2,400 Cr by September 2026 through stake sales in NBFC, ARC, and insurance businesses to reduce debt. Growth will be driven by scaling the retail franchise (SME and Housing) using a co-lending model and expanding the Alternative Asset Management AUM.
Products & Services
Secured Non-Convertible Debentures (NCDs), Mutual Fund units, Alternative Investment Funds, SME Loans, Housing Finance, Life Insurance policies, and General Insurance policies.
Brand Portfolio
Edelweiss, Nido Home Finance (Housing), Zuno General Insurance, EdelGive Foundation.
New Products/Services
Public issuance of Secured Redeemable NCDs in December 2025 aiming to raise up to INR 250 Cr to bolster working capital.
Market Expansion
Targeting a retail footprint of 12 million customers by expanding into 135+ cities through the co-origination lending model.
Market Share & Ranking
Established leader in the Indian Alternative Assets and Asset Reconstruction (ARC) markets.
Strategic Alliances
15% stake sale in the Mutual Fund business to Westbridge Capital; multiple co-lending partnerships with domestic banks for retail portfolio building.
External Factors
Industry Trends
The industry is shifting toward 'asset-light' models and fee-based income. Edelweiss is positioning itself by established leadership in Alternatives and ARC while scaling retail via co-lending.
Competitive Landscape
Faces intense competition in retail lending from Tier-1 banks and in the insurance segment from established private players.
Competitive Moat
Moat is built on a diversified '7-business' model which provides counter-cyclical revenue (e.g., ARC performs well when credit cycles turn negative). This is sustainable due to deep expertise in distressed assets.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and interest rate cycles; a 1% rise in interest rates significantly impacts the cost of the INR 11,330 Cr net debt.
Consumer Behavior
Increasing consumer preference for digital insurance (Zuno) and professional wealth management/alternative investments.
Geopolitical Risks
Exposure to global market volatility through international offices and global investor partnerships (e.g., Westbridge).
Regulatory & Governance
Industry Regulations
Operations are governed by RBI (for NBFC and ARC) and IRDAI (for Insurance). RBI recently lifted business restrictions on ECLFL and EARCL in December 2024, which is critical for operational continuity.
Environmental Compliance
ESG focus through EdelGive Foundation; board includes 4 Independent Directors and 2 Female Directors to ensure governance compliance.
Taxation Policy Impact
Subject to standard Indian corporate tax rates; fiscal policy changes regarding NCD taxation impact retail demand.
Legal Contingencies
The company addressed 222 bondholder grievances; no major pending shareholder litigation reported. Monitorable portfolio of Rs 426 Cr in stage III assets represents the primary financial contingency.
Risk Analysis
Key Uncertainties
Uncertainty in the timing and quantum of recoveries from the INR 426 Cr stressed wholesale portfolio could impact net worth by up to 5-10% if recoveries fail.
Geographic Concentration Risk
98% of offices are located within India, making the company highly dependent on the Indian regulatory and economic environment.
Third Party Dependencies
High dependency on banking partners for the co-lending model and on global PE firms for subsidiary stake monetization.
Technology Obsolescence Risk
Risk of digital disruption in insurance and retail lending; mitigated by investments in 'seamless customer experience' platforms.
Credit & Counterparty Risk
Retail gross stage III assets stood at 2.7% as of June 30, 2025, showing a slight increase from 2.3% in March 2025, indicating rising pressure in the retail segment.
