Motilal Oswal Financial Services Ltd

About [ edit ]

Motilal Oswal Financial Services Ltd. was founded in 1987 as a small sub-broking unit, with just 2 people running the show. Today we are a well-diversified financial services firm.
The company has a network spread over 550 cities and towns comprising 2500+ Business Locations operated by our Business Partners and us and 16,00,000+ customers. #

Key Points [ edit ]
  • Market Cap 8,544 Cr.
  • Current Price 583
  • High / Low 742 / 465
  • Stock P/E 13.9
  • Book Value 238
  • Dividend Yield 0.86 %
  • ROCE 9.78 %
  • ROE 5.96 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 31.42%
  • Debtor days have improved from 159.96 to 115.41 days.

Cons

  • Company has a low return on equity of 13.12% for last 3 years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
662 603 569 624 646 616 628 640 611 726 811 948
495 322 406 476 325 300 359 322 702 329 391 413
Operating Profit 167 280 163 148 322 316 269 318 -91 397 421 535
OPM % 25% 47% 29% 24% 50% 51% 43% 50% -15% 55% 52% 56%
Other Income 0 0 0 0 11 4 0 1 3 -87 0 1
Interest 136 130 130 125 131 124 125 119 127 109 109 103
Depreciation 11 6 6 6 6 9 10 9 11 11 11 12
Profit before tax 20 144 27 17 196 187 134 191 -227 190 300 420
Tax % 36% 28% 89% -107% 24% 26% -11% 14% -5% 14% 22% 20%
Net Profit 14 104 4 40 146 129 142 165 -254 167 296 334
EPS in Rs 0.96 7.16 0.29 2.74 10.03 8.86 9.67 11.18 -17.14 11.28 20.28 22.78

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
468 645 601 471 473 467 772 1,080 1,923 2,751 2,450 2,358 3,096
285 368 371 313 280 326 516 647 915 1,357 1,543 1,546 1,834
Operating Profit 182 277 229 158 192 140 256 432 1,008 1,394 907 812 1,261
OPM % 39% 43% 38% 34% 41% 30% 33% 40% 52% 51% 37% 34% 41%
Other Income -5 0 0 11 0 -54 1 1 -27 1 12 8 -84
Interest 18 10 6 4 5 3 31 174 442 528 517 494 449
Depreciation 20 14 13 13 26 24 31 35 33 37 24 40 45
Profit before tax 140 253 211 153 162 59 196 225 506 829 378 285 685
Tax % 33% 31% 34% 32% 32% 30% 27% 27% 28% 25% 25% 24%
Net Profit 90 170 137 104 109 40 144 169 360 622 294 183 544
EPS in Rs 6.31 9.49 7.16 7.51 2.86 10.24 11.89 24.92 42.89 20.18 12.38 37.20
Dividend Payout % 13% 10% 15% 21% 27% 70% 29% 29% 22% 20% 42% 32%
Compounded Sales Growth
10 Years:14%
5 Years:25%
3 Years:7%
TTM:22%
Compounded Profit Growth
10 Years:1%
5 Years:5%
3 Years:-21%
TTM:5%
Stock Price CAGR
10 Years:16%
5 Years:15%
3 Years:-16%
1 Year:17%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:13%
Last Year:6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
14 14 14 15 15 14 14 14 14 15 15 15 15
Reserves 780 932 1,045 1,126 1,203 1,156 1,281 1,422 1,772 2,871 3,039 3,071 3,476
Borrowings 0 108 0 0 0 0 795 2,589 5,067 5,323 5,158 4,627 4,635
619 784 451 404 555 677 855 1,064 1,586 2,202 2,149 2,370 3,088
Total Liabilities 1,413 1,838 1,510 1,545 1,773 1,848 2,945 5,090 8,439 10,411 10,360 10,084 11,213
74 93 90 345 311 307 300 292 294 300 302 333 336
CWIP 0 147 200 0 0 0 0 0 0 0 0 0 0
Investments 49 51 59 94 148 293 814 1,231 1,767 2,807 2,686 3,088 2,592
1,290 1,547 1,162 1,106 1,314 1,248 1,831 3,566 6,378 7,304 7,372 6,662 8,285
Total Assets 1,413 1,838 1,510 1,545 1,773 1,848 2,945 5,090 8,439 10,411 10,360 10,084 11,213

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-14 -34 37 125 -33 140 -98 -1,242 -1,980 248 195 950
-19 -162 -39 33 -59 4 -606 -380 -314 -157 14 -353
-177 87 -133 -43 -26 -90 747 1,718 2,420 -98 -141 -128
Net Cash Flow -210 -110 -135 115 -119 55 44 96 125 -7 68 470

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 20% 28% 20% 13% 13% 10% 14% 13% 18% 18% 11% 10%
Debtor Days 180 173 166 155 337 377 279 240 239 138 226 115
Inventory Turnover 0.02 0.02 0.01 0.02 0.04 0.06 0.25 87.56 93.00

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
70.55 70.32 70.30 70.29 70.12 69.92 69.57 69.76 69.80 70.32 70.49 70.66
14.49 14.46 13.90 13.31 13.64 13.22 10.25 9.77 9.57 9.37 9.42 9.44
0.32 0.23 0.99 1.55 1.60 1.73 3.29 4.56 4.91 4.59 4.40 4.51
14.64 14.99 14.81 14.86 14.64 15.13 16.90 15.90 15.71 15.72 15.69 15.39

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