Motilal Oswal Financial Services Ltd
Motilal Oswal Financial Services Ltd
Capital MarketsKey Fundamentals
MidcapWealthCapital MarketsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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48 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company is expected to give good quarter
- Company's median sales growth is 18.2% of last 10 years
Weaknesses
1- Company has high debtors of 158 days.
Growth Rate
AI Analysis — Bull vs Bear
Motilal Oswal Financial Services commands a market cap of ₹51,905 Cr at a PE of 26.3x with a 3-year sales CAGR of 31% and 3-year profit CAGR of 26%, though TTM profit has declined 29% and last-year ROE has compressed to 16% from a 3-year average of 23%.
- Strong 3-year compounded sales growth of 31%, significantly above the 10-year median sales growth of 18.2%
- 3-year stock CAGR of 60% reflects substantial long-term wealth creation for shareholders
- 10-year compounded profit growth of 27% demonstrates consistent long-term earnings expansion
- 3-year ROE of 23% and 5-year ROE of 22% indicate sustained high capital efficiency over extended periods
- 5-year stock CAGR of 32% and 10-year CAGR of 22% show durable long-term compounding
- Company is expected to deliver a good quarter, suggesting near-term earnings momentum
- 10-year compounded sales growth of 24% shows the business has scaled consistently across market cycles
- Price-to-book of 4.04x is supported by historically high ROE levels in the 22-23% range over 5-10 year periods
- TTM compounded profit has declined 29%, signaling a sharp earnings contraction in the most recent period
- Last-year ROE has dropped to 16% from the 3-year average of 23%, a compression of 700 basis points
- High debtor days of 158 days indicate significant working capital tied up in receivables
- 1-year stock CAGR of -5% shows the market has already begun pricing in earnings headwinds
- 5-year compounded profit growth of only 7% contrasts sharply with the 5-year sales growth of 21%, suggesting margin pressure over medium term
- Dividend yield of just 0.69% offers limited income cushion during periods of capital depreciation
- PE of 26.3x demands sustained earnings growth recovery to justify current valuation after a 29% TTM profit decline
- Capital markets sector is inherently cyclical — the divergence between TTM sales growth of 15% and TTM profit decline of 29% suggests operating leverage working in reverse
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹6 dividend approved at AGM Jul 14
AGM on July 14, 2026 approved final dividend of ₹6 per share for FY26, along with new independent director appointments and promoter reclassification.
- 1.96 lakh ESOS-X options granted Jul 26
Nomination and Remuneration Committee granted 1,96,721 stock options to employees under ESOS-X scheme on July 23, 2026, signaling talent retention focus.
- Q1 FY27 earnings call held Jul 25
Q1 FY27 earnings conference call was held on July 24, 2026 and audio recording uploaded to company website. Call was announced on July 17.
- Five investor conferences planned Aug 5
Company will participate in five investor meetings from August to September 2026, including its own annual global conference. No UPSI to be shared.
TL;DR: Motilal Oswal's recent news flow is largely routine corporate governance and investor engagement activity with no material negative developments. The ₹6 dividend and ESOS grants reflect shareholder returns and employee retention. No earnings surprises or regulatory risks are visible in this period. The company appears to be in steady-state mode heading into Q1 FY27 results and upcoming investor conferences.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,502 | 1,655 | 1,791 | 2,154 | 2,314 | 2,841 | 1,993 | 1,190 | 2,737 | 1,849 | 2,112 | 2,676 | 3,426 |
| Expenses | 664 | 740 | 703 | 916 | 926 | 1,025 | 932 | 910 | 1,018 | 1,009 | 1,006 | 2,471 | 1,456 |
| Operating Profit | 837 | 915 | 1,089 | 1,238 | 1,388 | 1,816 | 1,061 | 280 | 1,720 | 840 | 1,105 | 205 | 1,970 |
| OPM % | 56% | 55% | 61% | 57% | 60% | 64% | 53% | 24% | 63% | 45% | 52% | 8% | 57% |
| Other Income | 32 | 1 | 6 | 18 | 19 | 15 | 26 | 18 | 7 | 11 | 8 | 16 | 6 |
| Interest | 216 | 241 | 262 | 302 | 327 | 354 | 319 | 298 | 295 | 317 | 336 | 388 | 414 |
| Depreciation | 17 | 17 | 24 | 24 | 22 | 23 | 27 | 26 | 26 | 28 | 29 | 28 | 28 |
| PBT | 636 | 658 | 809 | 930 | 1,059 | 1,454 | 741 | -27 | 1,406 | 506 | 748 | -194 | 1,534 |
| Tax % | 17% | 19% | 18% | 22% | 17% | 23% | 24% | 137% | 18% | 28% | 24% | 13% | 17% |
| Net Profit | 528 | 532 | 661 | 725 | 884 | 1,122 | 566 | -63 | 1,163 | 363 | 566 | -219 | 1,274 |
| EPS in Rs | 8.9 | 8.96 | 11.11 | 12.13 | 14.77 | 18.71 | 9.42 | -1.08 | 19.38 | 6.04 | 9.42 | -3.68 | 21.14 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 772 | 1,080 | 1,923 | 2,751 | 2,450 | 2,358 | 3,626 | 4,298 | 4,178 | 7,069 | 8,340 | 9,381 | 10,063 |
| Expenses | 516 | 647 | 915 | 1,357 | 1,543 | 1,546 | 1,610 | 2,178 | 2,301 | 3,002 | 3,794 | 5,504 | 5,943 |
| Operating Profit | 256 | 432 | 1,008 | 1,394 | 907 | 812 | 2,016 | 2,120 | 1,877 | 4,067 | 4,546 | 3,877 | 4,120 |
| OPM % | 33% | 40% | 52% | 51% | 37% | 34% | 56% | 49% | 45% | 58% | 55% | 41% | 41% |
| Other Income | 1 | 1 | -27 | 1 | 12 | 8 | -80 | 22 | 19 | 61 | 78 | 42 | 42 |
| Interest | 31 | 174 | 442 | 528 | 517 | 494 | 430 | 478 | 596 | 1,014 | 1,298 | 1,336 | 1,456 |
| Depreciation | 31 | 35 | 33 | 37 | 24 | 40 | 48 | 48 | 58 | 83 | 99 | 111 | 112 |
| PBT | 196 | 225 | 506 | 829 | 378 | 285 | 1,458 | 1,616 | 1,242 | 3,032 | 3,226 | 2,472 | 2,593 |
| Tax % | 27% | 27% | 28% | 25% | 25% | 24% | 18% | 19% | 25% | 19% | 22% | 24% | — |
| Net Profit | 145 | 172 | 371 | 632 | 298 | 190 | 1,265 | 1,312 | 935 | 2,446 | 2,508 | 1,872 | 1,983 |
| EPS in Rs | 2.56 | 2.97 | 6.23 | 10.72 | 5.04 | 3.1 | 21.49 | 21.97 | 15.74 | 40.96 | 41.74 | 31.06 | 32.92 |
| Div. Payout % | 29% | 29% | 22% | 20% | 42% | 32% | 12% | 11% | 16% | 9% | 12% | 19% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 60 | 60 |
| Reserves | 1,281 | 1,422 | 1,772 | 2,871 | 3,039 | 3,071 | 4,447 | 5,659 | 6,237 | 8,717 | 11,019 | 12,828 |
| Borrowings | 795 | 2,589 | 5,067 | 5,323 | 5,158 | 4,627 | 5,693 | 6,152 | 10,278 | 13,787 | 14,732 | 21,255 |
| Other Liabilities | 855 | 1,064 | 1,586 | 2,202 | 2,149 | 2,370 | 3,887 | 5,033 | 6,419 | 9,252 | 8,106 | 9,258 |
| Total Liabilities | 2,945 | 5,090 | 8,439 | 10,411 | 10,360 | 10,084 | 14,041 | 16,860 | 22,949 | 31,771 | 33,916 | 43,401 |
| Fixed Assets | 300 | 292 | 294 | 300 | 302 | 333 | 350 | 357 | 466 | 603 | 754 | 769 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115 | 115 |
| Investments | 814 | 1,231 | 1,767 | 2,807 | 2,686 | 3,088 | 3,922 | 4,685 | 4,787 | 6,501 | 8,851 | 10,299 |
| Other Assets | 1,831 | 3,566 | 6,378 | 7,304 | 7,372 | 6,662 | 9,769 | 11,818 | 17,696 | 24,667 | 24,197 | 32,218 |
| Total Assets | 2,945 | 5,090 | 8,439 | 10,411 | 10,360 | 10,084 | 14,041 | 16,860 | 22,949 | 31,771 | 33,916 | 43,401 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -98 | -1,242 | -1,980 | 248 | 195 | 952 | -139 | 1,011 | -3,058 | -350 | 1,215 | -6,071 |
| Investing | -606 | -380 | -314 | -157 | 14 | -353 | -273 | -447 | -274 | -247 | -1,077 | -958 |
| Financing | 747 | 1,718 | 2,420 | -98 | -141 | -129 | 861 | 282 | 3,770 | 3,306 | 745 | 6,154 |
| Net Cash Flow | 44 | 96 | 125 | -7 | 68 | 470 | 449 | 845 | 439 | 2,709 | 882 | -875 |
| Free Cash Flow | -124 | -1,277 | -2,032 | 207 | 168 | 882 | -199 | 956 | -3,212 | -495 | 930 | -6,160 |
| CFO/OP | -25 | -274 | -183 | 31 | 41 | 137 | 0 | 58 | -148 | 2 | 39 | -139 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 279 | 240 | 239 | 138 | 226 | 115 | 92 | 85 | 90 | 99 | 105 | 158 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 0 |
| Cash Conversion Cycle | 279 | 240 | 239 | 138 | 226 | 115 | 92 | 85 | 90 | 99 | 105 | 158 |
| Working Capital Days | -76 | -278 | -209 | -241 | -103 | -189 | -206 | -279 | -402 | -329 | -191 | -147 |
| ROCE % | 14% | 13% | 18% | 18% | 11% | 10% | 22% | 19% | 13% | 21% | 19% | 13% |
Documents
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Company Information
Motilal Oswal Financial Services Ltd. was founded in 1987 is a well-diversified financial services firm. The company has a network spread 550+ cities and towns comprising 2,500+ Business Locations operated by their Business Partners and 16,00,000+ customers. [1]