Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services is primarily engaged in lending and related activities. The Company received the Certificate of Registration from the RBI on 05 April 2006, enabling the Company to carry on business as a Non-Banking Finance Company (NBFC).

Pros:
Company has good consistent profit growth of 32.17% over 5 years
Company has been maintaining a healthy dividend payout of 28.01%
Cons:
Company has low interest coverage ratio.

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
351 503 424 526 588 806 810 662 647 650 624 657
199 252 194 284 306 341 350 495 368 489 476 328
Operating Profit 152 251 230 243 283 464 460 167 279 161 148 328
OPM % 43% 50% 54% 46% 48% 58% 57% 25% 43% 25% 24% 50%
Other Income 42 16 31 18 11 7 3 0 1 2 0 4
Interest 83 112 131 116 127 131 133 136 130 130 125 131
Depreciation 7 8 8 9 8 9 10 11 6 6 6 6
Profit before tax 103 146 121 135 158 332 320 20 144 27 17 196
Tax % 23% 27% 27% 34% 22% 27% 23% 36% 28% 89% -107% 24%
Net Profit 79 102 89 90 127 235 247 14 104 4 40 146
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
699 468 645 601 471 473 467 772 1,080 1,923 2,751 2,463
430 285 368 371 313 280 326 516 647 915 1,357 1,543
Operating Profit 269 182 277 229 158 192 140 256 432 1,008 1,394 920
OPM % 38% 39% 43% 38% 34% 41% 30% 33% 40% 52% 51% 37%
Other Income 15 -5 0 0 11 0 -54 1 1 -27 1 5
Interest 15 18 10 6 4 5 3 31 174 442 528 517
Depreciation 15 20 14 13 13 26 24 31 35 33 37 24
Profit before tax 254 140 253 211 153 162 59 196 225 506 829 384
Tax % 31% 33% 31% 34% 32% 32% 30% 27% 27% 28% 25% 24%
Net Profit 171 90 170 137 104 109 40 144 169 360 622 294
EPS in Rs 11.83 6.17 11.70 9.02 7.06 7.11 2.52 9.67 11.38 24.41 42.89 20.18
Dividend Payout % 16% 13% 10% 15% 21% 27% 70% 29% 29% 22% 20% 42%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:18.08%
5 Years:39.48%
3 Years:31.64%
TTM:-10.47%
Compounded Profit Growth
10 Years:12.21%
5 Years:32.17%
3 Years:20.26%
TTM:-52.76%
Return on Equity
10 Years:14.67%
5 Years:16.89%
3 Years:18.72%
Last Year:9.90%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
14 14 14 14 15 15 14 14 14 14 15 15
Reserves 695 780 932 1,045 1,126 1,203 1,156 1,281 1,422 1,772 2,871 3,039
Borrowings 145 0 108 0 0 0 0 795 2,589 5,067 5,323 5,115
833 621 786 456 411 564 694 868 1,086 1,605 2,278 2,313
Total Liabilities 1,688 1,415 1,840 1,516 1,552 1,782 1,864 2,958 5,112 8,458 10,487 10,482
83 74 93 90 345 311 307 300 292 294 300 302
CWIP 2 0 147 200 0 0 0 0 0 0 0 0
Investments 43 49 51 59 94 148 293 814 1,231 1,767 2,807 2,686
1,559 1,291 1,549 1,168 1,113 1,323 1,264 1,844 3,589 6,398 7,380 7,494
Total Assets 1,688 1,415 1,840 1,516 1,552 1,782 1,864 2,958 5,112 8,458 10,487 10,482

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
148 -14 -34 37 125 -33 140 -98 -1,242 -1,980 248 206
-48 -19 -162 -39 33 -59 4 -606 -380 -314 -157 4
369 -177 87 -133 -43 -26 -90 747 1,718 2,420 -98 -142
Net Cash Flow 470 -210 -110 -135 115 -119 55 44 96 125 -7 68

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 43% 20% 28% 20% 13% 13% 10% 14% 13% 18% 18% 11%
Debtor Days 166 180 173 166 155 337 377 279 240 239 138 225
Inventory Turnover 4.33 2.23 3.21 2.44 2.73 3.12 4.43 23.66 21,364.89 30,570.44