EAAA India AlternativesIPO Review — Financials, Valuation & Peers
A data-only look at the EAAA India Alternatives IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | Net Worth | Total Assets | Borrowings |
|---|---|---|---|---|---|
| FY 2023 | 701.23 | 322.19 | 553.7 | 1,237.04 | 244.52 |
| FY 2024 | 584.25 | 175.16 | 729.48 | 1,769.66 | 444.83 |
| FY 2025 | 786.54 | 229.78 | 966.45 | 2,085.07 | 507.49 |
| Sep 2025 (interim) | 457.16 | 125.1 | 1,022.58 | 2,053.95 | 507.94 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- RoNW
- 27.3%
- RoE
- 25.09%
- Debt / Equity
- 0.5
- PAT Margin
- 27.36%
- NAV / share
- ₹159.08
As of 30 Sept 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| EAAA India Alternatives | 35.75 | 150.35 | — | 27.1% | — | Standalone |
| 360 One Wam Limited | 27.14 | 179.74 | 45.87x | 19.31% | — | Consolidated |
| Aditya Birla Sun Life Amc Limited | 32.26 | 129.19 | 25.85x | 26.99% | — | Consolidated |
| Anand Rathi Wealth Limited | 36.17 | 81.18 | 85.51x | 45.48% | — | Consolidated |
| Gaja Alternative Asset Management Limited | 5.71 | 37.33 | — | 17.19% | — | Consolidated |
| Hdfc Asset Management Company Limited | 57.44 | 190.14 | 45.2x | 32.36% | — | Consolidated |
| Icici Prudential Asset Management Company Limited | 53.6 | 71.2 | 54.73x | 82.84% | 41.31x | Consolidated |
| Nippon Life India Asset Management Limited | 20.34 | 66.38 | 43.99x | 31.39% | — | Consolidated |
| Nuvama Wealth Management Limited | 55.33 | 194.04 | 27.46x | 30.86% | — | Consolidated |
| Uti Asset Management Company Limited | 57.35 | 359.37 | 19.07x | 18.09% | 3.03x | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: Edelweiss Financial Services Ltd., Edelweiss Securities & Investments Pvt.Ltd., Edel Finance Co.Ltd. and Edelweiss Global Wealth Management Ltd.axi
- Holding (pre-issue)
- 100%
Analysis in brief
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. EAAA India Alternatives operates at a net (PAT) margin of 27.36%. Capital efficiency reads at a return on equity (RoE) of 25.09%. These are offer-document figures for the latest reported period (as of 30 Sept 2025); they describe the business as disclosed, not how the stock will trade.
Financials
In FY2025, EAAA India Alternatives reported revenue of ₹457.16 crore and a net profit of ₹125.1 crore. Revenue declined from ₹701.23 crore in FY2023 to ₹457.16 crore in FY2025 (-35.0%). Net worth stood at ₹1,022.58 crore at the end of FY2025.
Peer comparison
The offer document names listed peers including 360 One Wam Limited and Aditya Birla Sun Life Amc Limited, with a median peer P/E of about 44.6×.
Promoters
The promoters of the company are Edelweiss Financial Services Ltd., Edelweiss Securities & Investments Pvt.Ltd., Edel Finance Co.Ltd. and Edelweiss Global Wealth Management Ltd.axi. Promoter holding is 100% before the issue.
Frequently asked questions
- Who are the promoters of EAAA India Alternatives and what is their holding?
- The promoters are Edelweiss Financial Services Ltd., Edelweiss Securities & Investments Pvt.Ltd., Edel Finance Co.Ltd. and Edelweiss Global Wealth Management Ltd.axi. Promoter holding is 100% before the issue.