Wealth First Port
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Wealth First Portfolio Managers' board on 30 June approved the 100% acquisition of Mumbai-based Wealth First Advisors Private Limited, a wealth management and financial product distribution firm. The acquisition will be carried out in two phases: a 51% stake will be bought by 31 December 2026 for ₹52.10 crore, partly in cash (₹40 crore) and partly through a share swap (₹12.10 crore), while the remaining 49% will be acquired by March 2030, with the consideration to be determined later and paid entirely in equity. The target reported a turnover of ₹17.91 crore, a net profit of ₹6.04 crore and a net worth of ₹22.01 crore for the year ended March 2026. The deal is a related party transaction as promoter and managing director Ashish Shah holds a 10.62% stake in the target, though the company states it is being done at arm's length based on an independent valuation.
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Wealth First Portfolio Managers' board on 30 June approved the 100% acquisition of Mumbai-based Wealth First Advisors Private Limited, a wealth management and financial product distribution firm. The acquisition will be carried out in two phases: a 51% stake will be bought by 31 December 2026 for ₹52.10 crore, partly in cash (₹40 crore) and partly through a share swap (₹12.10 crore), while the remaining 49% will be acquired by March 2030, with the consideration to be determined later and paid entirely in equity. The target reported a turnover of ₹17.91 crore, a net profit of ₹6.04 crore and a net worth of ₹22.01 crore for the year ended March 2026. The deal is a related party transaction as promoter and managing director Ashish Shah holds a 10.62% stake in the target, though the company states it is being done at arm's length based on an independent valuation.
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June 30 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
WEALTH FIRST PORTFOLIO MANAGERS - APPROVES 100% ACQUISITION OF WEALTH FIRST ADVISORS
WEALTH FIRST PORTFOLIO- 51% STAKE BUY FOR 521 MILLION RUPEES
WEALTH FIRST PORTFOLIO- REMAINING STAKE BUY COST TO BE CONSIDERED LATER
Source text: ID:nNSEGd76R
Further company coverage: WEAL.NS
(([email protected];))
June 30 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
WEALTH FIRST PORTFOLIO MANAGERS - APPROVES 100% ACQUISITION OF WEALTH FIRST ADVISORS
WEALTH FIRST PORTFOLIO- 51% STAKE BUY FOR 521 MILLION RUPEES
WEALTH FIRST PORTFOLIO- REMAINING STAKE BUY COST TO BE CONSIDERED LATER
Source text: ID:nNSEGd76R
Further company coverage: WEAL.NS
(([email protected];))
March 26 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
UNIT GETS SEBI MUTUAL FUND LICENSE
Source text: ID:nBSE3v6znT
Further company coverage: WEAL.NS
(([email protected];;))
March 26 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
UNIT GETS SEBI MUTUAL FUND LICENSE
Source text: ID:nBSE3v6znT
Further company coverage: WEAL.NS
(([email protected];;))
July 11 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
UNIT RECEIVES IRDAI APPROVALTO OPERATE AS A DIRECT INSURANCE BROKER
Source text: ID:nNSEb6wTCg
Further company coverage: WEAL.NS
(([email protected];;))
July 11 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
UNIT RECEIVES IRDAI APPROVALTO OPERATE AS A DIRECT INSURANCE BROKER
Source text: ID:nNSEb6wTCg
Further company coverage: WEAL.NS
(([email protected];;))
Nov 28 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
WEALTH FIRST PORTFOLIO MANAGERS - THERE WAS INSTANCE OF CYBER FRAUD AGAINST CO
WEALTH FIRST PORTFOLIO MANAGERS - CYBER FRAUD AGAINST CO AMOUNTING UPTO 19.8 MILLION RUPEES
WEALTH FIRST PORTFOLIO - CYBER FRAUD TO HAVE NO ADVERSE MATERIAL IMPACT
WEALTH FIRST PORTFOLIO - THERE WAS NO BREACH/LEAK OF ANY DATA OF CO OR CLIENT
Source text: ID:nNSE7svZb5
Further company coverage: WEAL.NS
(([email protected];))
Nov 28 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
WEALTH FIRST PORTFOLIO MANAGERS - THERE WAS INSTANCE OF CYBER FRAUD AGAINST CO
WEALTH FIRST PORTFOLIO MANAGERS - CYBER FRAUD AGAINST CO AMOUNTING UPTO 19.8 MILLION RUPEES
WEALTH FIRST PORTFOLIO - CYBER FRAUD TO HAVE NO ADVERSE MATERIAL IMPACT
WEALTH FIRST PORTFOLIO - THERE WAS NO BREACH/LEAK OF ANY DATA OF CO OR CLIENT
Source text: ID:nNSE7svZb5
Further company coverage: WEAL.NS
(([email protected];))
Oct 14 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
FIRST INTERIM DIVIDEND 8 RUPEES PER SHARE
Source text for Eikon: ID:nNSE9q9qYB
Further company coverage: WEAL.NS
(([email protected];))
Oct 14 (Reuters) - Wealth First Portfolio Managers Ltd WEAL.NS:
FIRST INTERIM DIVIDEND 8 RUPEES PER SHARE
Source text for Eikon: ID:nNSE9q9qYB
Further company coverage: WEAL.NS
(([email protected];))
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Popular questions
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What does Wealth First Port do?
Wealth First Portfolio Managers Ltd. provides high-end wealth management solutions for high and medium net worth investors including equity, mutual funds, insurance, and fixed incomes. Founded in 2002.
Who are the competitors of Wealth First Port?
Wealth First Port major competitors are DAM Capital Advisors, STEL Holdings, Kalind, Jindal Poly Invest, AK Capital Services, Jindal Photo, Systematix Corp Serv. Market Cap of Wealth First Port is ₹1,067 Crs. While the median market cap of its peers are ₹1,106 Crs.
Is Wealth First Port financially stable compared to its competitors?
Wealth First Port seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Wealth First Port pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Wealth First Port latest dividend payout ratio is 49.93% and 3yr average dividend payout ratio is 30.17%
How has Wealth First Port allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Wealth First Port balance sheet?
Balance sheet of Wealth First Port is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Wealth First Port improving?
The profit is oscillating. The profit of Wealth First Port is ₹38.28 Crs for TTM, ₹34.15 Crs for Mar 2025 and ₹42.68 Crs for Mar 2024.
Is the debt of Wealth First Port increasing or decreasing?
Yes, The net debt of Wealth First Port is increasing. Latest net debt of Wealth First Port is -₹1.3 Crs as of Mar-26. This is greater than Mar-25 when it was -₹5.38 Crs.
Is Wealth First Port stock expensive?
Yes, Wealth First Port is expensive. Latest PE of Wealth First Port is 27.58, while 3 year average PE is 23.9. Also latest EV/EBITDA of Wealth First Port is 21.57 while 3yr average is 20.1.
Has the share price of Wealth First Port grown faster than its competition?
Wealth First Port has given lower returns compared to its competitors. Wealth First Port has grown at ~-23.24% over the last 1yrs while peers have grown at a median rate of 26.3%
Is the promoter bullish about Wealth First Port?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Wealth First Port is 74.04% and last quarter promoter holding is 74.04%.
Are mutual funds buying/selling Wealth First Port?
There is Insufficient data to gauge this.