Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services Ltd

₹ 844 0.26%
13 May - close price
About

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]

Key Points

MOFSL Group Services:[1][2]
The company offers diversified services across Capital Markets, Asset and Wealth Management, and Housing Finance. A significant focus for the group is the predictability of revenue, with Annual Recurring Revenue (ARR) now contributing 61% of total net revenues, and fee-based revenue alone accounting for 45% of total revenues.

  • Market Cap 50,828 Cr.
  • Current Price 844
  • High / Low 1,097 / 615
  • Stock P/E 27.2
  • Book Value 214
  • Dividend Yield 0.71 %
  • ROCE 12.6 %
  • ROE 15.6 %
  • Face Value 1.00

Pros

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

Cons

  • Company has high debtors of 158 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
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
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%
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
Profit before tax 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%
165 528 532 661 725 884 1,122 566 -63 1,163 363 566 -219
EPS in Rs 2.78 8.90 8.96 11.11 12.13 14.77 18.71 9.42 -1.08 19.38 6.04 9.42 -3.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
772 1,080 1,923 2,751 2,450 2,358 3,626 4,298 4,178 7,106 8,340 9,374
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%
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
Profit before tax 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%
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 3.10 21.49 21.97 15.74 40.96 41.74 31.06
Dividend Payout % 29% 29% 22% 20% 42% 32% 12% 11% 16% 9% 12% 19%
Compounded Sales Growth
10 Years: 24%
5 Years: 21%
3 Years: 31%
TTM: 12%
Compounded Profit Growth
10 Years: 27%
5 Years: 7%
3 Years: 26%
TTM: -25%
Stock Price CAGR
10 Years: 28%
5 Years: 37%
3 Years: 73%
1 Year: 16%
Return on Equity
10 Years: 22%
5 Years: 22%
3 Years: 23%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
795 2,589 5,067 5,323 5,158 4,627 5,693 6,152 10,278 13,787 14,774 21,255
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
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
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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-98 -1,242 -1,980 248 195 952 -139 1,011 -3,058 -350 1,215 -6,071
-606 -380 -314 -157 14 -353 -273 -447 -274 -247 -1,077 -958
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%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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
Days Payable
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%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Private Wealth Management - Total AUM
₹ Cr

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Asset Management Business - Total AUM
₹ Cr
Broking Client Base
Lakhs
Housing Finance GNPA
%
Private Wealth Management - Sales RMs
Number
Research Coverage - Number of Stocks
Number
Housing Finance AUM
₹ Cr
Broking Market Share - Cash Segment
%
Group Total Assets Under Advice (AUA)
₹ Cr
Broking Market Share - F&O Premium
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
69.66% 69.53% 69.39% 69.16% 69.04% 68.86% 68.71% 68.45% 67.80% 67.69% 67.62% 67.54%
6.41% 6.29% 6.48% 6.73% 6.46% 6.34% 5.88% 6.01% 7.29% 7.52% 6.93% 7.03%
6.11% 6.29% 6.76% 6.94% 6.06% 6.41% 6.39% 5.71% 5.44% 5.84% 6.42% 6.02%
17.84% 17.90% 17.36% 17.16% 18.42% 18.39% 19.01% 19.83% 19.46% 18.96% 19.02% 19.40%
No. of Shareholders 68,94463,58361,73267,2311,35,9841,63,5512,26,7542,87,3312,60,2862,41,2972,38,4882,41,961

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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