📅 EduInvesting.in | May 12, 2025
🧾 Ticker: EDELWEISS | Sector: NBFC / Wealth / ARC / Confused Startup Energy
🎭 Tagline: “From Wall Street dreams to DRT recovery forms”
🎬 Intro – “Sir, wealth bhi manage karte hai, loan bhi dete hai, aur default bhi khareed lete hai.”
Edelweiss started out trying to be India’s Goldman Sachs.
But after realising “yeh toh India hai bhai”, they decided to:
- Sell mutual funds ✅
- Do insurance ✅
- Become NBFC ✅
- Buy bad loans ✅
- Start a housing finance biz ✅
- And now… they’re basically a buffet of everything finance.
Problem? Too many dishes. No signature recipe.
🧾 Breakdown of Their “Thoda Thoda Sab Kuch” Business Model:
🏦 Credit Business (52% of
revenue)
- Loans to MSMEs, housing, education, corporate
💰 Wealth Management (35%)
- Edelweiss Wealth Services (now demerged via Nuvama)
⚰️ Asset Reconstruction (ARC) (10%)
- Edelweiss ARC — buys NPAs, tries to revive them
🛡️ Insurance (Tiny)
- Ties with Tokio for life & general insurance
📊 FY24 Performance – “Bro, itna business phir bhi itna kam profit?”
| Metric | FY24 | FY23 | YoY Growth |
|---|---|---|---|
| Revenue | ₹5,327 Cr | ₹4,739 Cr | +12.4% |
| EBITDA (Adj) | ₹1,410 Cr | ₹1,220 Cr | +15.5% |
| Net Profit (Consol) | ₹475 Cr | ₹415 Cr | +14.5% |
| Net NPA | 1.2% | 1.6% | 👏 Cleaned up |
| Book Value/Share | ₹115.2 | ₹102.3 | 📈 Book compounding |
🤯 What’s Working:
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