Motilal Oswal Financial Services Ltd logo

Motilal Oswal Financial Services Ltd

MOTILALOFS NSE

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]

AI Verdict: BUY Confidence: 7%

Motilal Oswal Financial Services has delivered exceptional stock CAGR of 78% over 3 years and maintains strong long-term ROE of 22% over 5 and 10 years. However, TTM profit decline of -25% and elevated PE of 30.5x warrant caution despite unanimous analyst buy ratings.

Key Fundamentals

MidcapWealthCapital Markets
Market Cap
₹56,382 Cr
Volatility
Moderate
P/E Ratio
30.36
EBITDA
₹3,807 Cr
Return on Equity
27.89%
Debt to Equity
1.44
Book Value
₹214.04
EPS
₹46.83
52W High
₹1,097.1
52W Low
₹614.9

Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company's median sales growth is 18.0% of last 10 years

Weaknesses

1
  • Company has high debtors of 158 days.

Growth Rate

Revenue Growth
10.63% ↘
Net Income Growth
-27.44% ↗
Cash Flow Change
447.39% ↗
ROE
-19.22% ↗
ROCE
-9.68% ↗
EBITDA Margin (Avg.)
-25.91% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

Motilal Oswal Financial Services has delivered exceptional stock CAGR of 78% over 3 years and maintains strong long-term ROE of 22% over 5 and 10 years. However, TTM profit decline of -25% and elevated PE of 30.5x warrant caution despite unanimous analyst buy ratings.

Bull Case 8
  • Unanimous analyst consensus with 100% buy ratings from all 5 analysts covering the stock
  • Exceptional 3-year stock CAGR of 78%, significantly outperforming broader market indices
  • Consistent long-term ROE of 22% over both 5-year and 10-year periods, indicating superior capital allocation
  • Robust 10-year compounded sales growth of 24%, demonstrating sustained business expansion
  • 3-year compounded sales growth of 31% reflects strong momentum in AUM and broking revenues
  • 10-year compounded profit growth of 27% demonstrates long-term earnings compounding ability
  • Median sales growth of 18% over last 10 years provides confidence in revenue durability
  • Market cap of Rs 56,933 crore provides adequate liquidity and index inclusion potential at current scale
Bear Case 8
  • TTM compounded profit growth of -25% signals significant near-term earnings pressure and margin compression
  • High debtor days of 158 days indicates potential working capital stress and collection risk in financial services
  • PE ratio of 30.5x is elevated for a financial services company with declining near-term profits
  • Last year ROE dropped to 16% from 3-year average of 23%, a 700 bps deterioration
  • Price-to-book of 4.43x is premium for a diversified financial services firm, limiting margin of safety
  • Dividend yield of only 0.63% offers minimal income support during potential drawdowns
  • 5-year compounded profit growth of only 7% versus 21% sales growth suggests structural margin pressure over medium term
  • 52-week high and low data unavailable, limiting technical visibility on current price positioning

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • Pension fund subsidiary incorporated Jun 8

    Motilal Oswal incorporated Motilal Oswal Pension Fund Management Limited on June 04, 2026, a step-down subsidiary to manage PFRDA-regulated pension fund schemes, expanding into a new business vertical.

Neutral 5
  • BRSR filed for FY 2025-26 Jun 22

    Filed Business Responsibility & Sustainability Report disclosing ESG performance and CSR spending of ₹37.40 crore on consolidated basis, with independent assurance from Moore Singhi Advisors LLP.

  • Trading window closed for Q1FY26 Jun 19

    Trading window shuts from July 1, 2026 ahead of Q1FY26 results and reopens 48 hours after results are declared.

  • AGM set for July 14, 2026 Jun 19

    Twenty-First AGM scheduled for July 14, 2026 via video conferencing; notice published in newspapers on June 19, 2026.

  • Promoter group reclassified to public Jun 12

    BSE and NSE granted no-objection to reclassify 11 promoter group members to public category, impacting 24,45,412 shares or 0.42% of total shareholding.

  • Website domain changed Jun 5

    Company changed its website domain to www.motilaloswal.com with the old domain redirecting users to the new one.

TL;DR: A quiet period for Motilal Oswal with no material negatives or earnings catalysts in the last few weeks. The incorporation of a pension fund management subsidiary signals strategic expansion into retirement asset management. Most filings are routine compliance and governance matters. With Q1FY26 results approaching and AGM on July 14, the next few weeks should provide more clarity on business momentum.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,027
1,502
1,655
1,791
2,154
2,314
2,841
1,993
1,190
2,737
1,849
2,112
2,676
Expenses
584
664
740
703
916
926
1,025
932
910
1,018
1,009
1,006
2,471
Operating Profit
444
837
915
1,089
1,238
1,388
1,816
1,061
280
1,720
840
1,105
205
OPM %
43%
56%
55%
61%
57%
60%
64%
53%
24%
63%
45%
52%
8%
Other Income
6
32
1
6
18
19
15
26
18
7
11
8
16
Interest
190
216
241
262
302
327
354
319
298
295
317
336
388
Depreciation
13
17
17
24
24
22
23
27
26
26
28
29
28
PBT
247
636
658
809
930
1,059
1,454
741
-27
1,406
506
748
-194
Tax %
33%
17%
19%
18%
22%
17%
23%
24%
137%
18%
28%
24%
13%
Net Profit
165
528
532
661
725
884
1,122
566
-63
1,163
363
566
-219
EPS in Rs
2.78
8.9
8.96
11.11
12.13
14.77
18.71
9.42
-1.08
19.38
6.04
9.42
-3.68
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
772
1,080
1,923
2,751
2,450
2,358
3,626
4,298
4,178
7,106
8,340
9,374
Expenses
516
647
915
1,357
1,543
1,546
1,610
2,178
2,301
3,024
3,794
5,504
Operating Profit
256
432
1,008
1,394
907
812
2,016
2,120
1,877
4,082
4,546
3,870
OPM %
33%
40%
52%
51%
37%
34%
56%
49%
45%
57%
55%
41%
Other Income
1
1
-27
1
12
8
-80
18
19
71
78
42
Interest
31
174
442
528
517
494
430
475
596
1,039
1,298
1,336
Depreciation
31
35
33
37
24
40
48
48
58
83
99
111
PBT
196
225
506
829
378
285
1,458
1,616
1,242
3,032
3,226
2,465
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
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
Div. Payout %
29%
29%
22%
20%
42%
32%
12%
11%
16%
9%
12%
19%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
14,774
21,255
Other Liabilities
855
1,064
1,586
2,202
2,149
2,370
3,887
5,033
6,419
9,252
8,064
9,324
Total Liabilities
2,945
5,090
8,439
10,411
10,360
10,084
14,041
16,860
22,949
31,771
33,916
43,468
Fixed Assets
300
292
294
300
302
333
350
357
466
603
768
769
CWIP
0
0
0
0
0
0
0
0
0
0
101
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
32,285
Total Assets
2,945
5,090
8,439
10,411
10,360
10,084
14,041
16,860
22,949
31,771
33,916
43,468
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-140
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-327
-189
-153
ROCE %
14%
13%
18%
18%
11%
10%
22%
19%
13%
21%
19%
13%

Shareholding Pattern

As of Mar 2026
Promoters 67.54%
Public 10.73%
Others 8.68%
FIIs 7.04%
DIIs 6.02%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
70.66%
70.61%
70.48%
70.40%
69.50%
69.50%
69.58%
69.47%
69.68%
69.66%
69.53%
69.39%
69.16%
69.04%
68.86%
68.71%
68.44%
67.80%
67.69%
67.62%
67.54%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6.29%
6.48%
6.73%
6.46%
6.34%
5.89%
6.01%
7.29%
7.52%
6.93%
7.04%
DIIs
4.46%
3.22%
2.00%
2.82%
3.60%
3.99%
4.96%
5.96%
6.28%
6.11%
6.28%
6.76%
6.94%
6.07%
6.40%
6.39%
5.71%
5.44%
5.84%
6.42%
6.02%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.54%
8.21%
9.85%
8.38%
8.84%
8.41%
8.27%
9.15%
9.30%
9.48%
9.64%
9.24%
8.97%
9.79%
9.78%
10.36%
11.09%
10.79%
10.36%
10.32%
10.73%
Others
17.34%
17.96%
17.67%
18.41%
18.06%
18.10%
17.19%
15.42%
14.74%
14.75%
8.26%
8.13%
8.19%
8.64%
8.62%
8.65%
8.74%
8.68%
8.60%
8.70%
8.68%
No. of Shareholders
0
39,759
57,275
92,430
73,103
70,575
91,816
66,605
69,663
68,944
63,583
61,732
67,231
1,05,705
1,63,551
2,26,754
2,87,331
2,60,286
2,41,297
2,38,488
2,41,961

Documents

Frequently Asked Questions about Motilal Oswal Financial Services Ltd

What does Motilal Oswal Financial Services Ltd do?
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]
Where is Motilal Oswal Financial Services Ltd (MOTILALOFS) listed?
Motilal Oswal Financial Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: MOTILALOFS and BSE: 532892. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Motilal Oswal Financial Services Ltd belong to?
Motilal Oswal Financial Services Ltd operates in the Financial Services sector within the Capital Markets industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Motilal Oswal Financial Services Ltd?
Motilal Oswal Financial Services Ltd has a market capitalisation of approximately ₹56382.25 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Motilal Oswal Financial Services Ltd?
The Price-to-Earnings (PE) ratio of Motilal Oswal Financial Services Ltd is 30.36. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Motilal Oswal Financial Services Ltd?
Over the past 52 weeks, Motilal Oswal Financial Services Ltd has traded between a low of ₹614.9 and a high of ₹1,097.1. This range helps investors understand the stock's price volatility and recent trading levels.
Does Motilal Oswal Financial Services Ltd pay dividends?
Yes, Motilal Oswal Financial Services Ltd has a dividend yield of 0.64%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Motilal Oswal Financial Services Ltd?
Motilal Oswal Financial Services Ltd has a Return on Equity (ROE) of 27.89%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Motilal Oswal Financial Services Ltd on Tapetide?
On Tapetide, you can view Motilal Oswal Financial Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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]

Website motilaloswalgroup.com
CEO Mr. Raamdeo Ramgopal Agrawal
Employees 13,540
Listed 2007-09-11
Face Value ₹ 1
Issued Size 60,11,31,194

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