Omega promo web banner
Omega promo Mobile banner

Motilal Oswal Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 532892 | NSE: MOTILALOFS | Finance - Stock Broking | Mid Cap

Place order

Motilal Oswal Fin Share Price

 ₹943.25 6.70 0.72%
as on 15-Jul'25 16:59

Motilal Oswal Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 532892 | NSE: MOTILALOFS | Finance - Stock Broking | Mid Cap

Place order

Motilal Oswal Fin Share Price

 ₹943.25 6.70 0.72%
as on 15-Jul'25 16:59

DeciZen - make an informed investing decision on Motilal Oswal Fin

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Fair
Check 10 Yrs Valuation charts

3. Price Trend

Strong
Check Price chart

Motilal Oswal Financial Services stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
40.64
Market Cap:
56,548.9 Cr.
52-wk low:
487.9
52-wk high:
1,063.4

Is Motilal Oswal Financial Services Ltd an attractive stock to invest in?

1. Is Motilal Oswal Financial Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Motilal Oswal Financial Services Ltd is a good quality company.

2. Is Motilal Oswal Financial Services Ltd undervalued or overvalued?

The key valuation ratios of Motilal Oswal Financial Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Motilal Oswal Financial Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Motilal Oswal Financial Services Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Motilal Oswal Fin:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Motilal Oswal Financial Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ8.3%8.7%25.1%13%7.9%20.3%17%12.9%21.7%17.8%-
Value Creation
Index ⓘ		-0.4-0.40.90.0-0.40.50.30.00.90.6-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ1101321,3551,2821,1112,1982,5792,6664,5635,3595,359
Sales YoY Gr.-19.6%928.6%-5.4%-13.3%97.9%17.3%3.4%71.1%17.5%-
Adj EPS ⓘ0.81.56.95.63.312.811.99.62523.223.2
YoY Gr.-84.2%355.6%-19.3%-40.2%285.5%-7.4%-18.8%160%-7.2%-
BVPS (₹) ⓘ10.411.640.643.94660.870.173.897.8116.7116.7
Adj Net
Profit ⓘ		46.887.53993241977517075691,4901,3911,391
Cash Flow from Ops. ⓘ286-48.7487306784-660879-1,332-498607-
Debt/CF from Ops. ⓘ1.4-9.42.64.61.8-3.22.5-2.8-13.514.4-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ54%37%27.6%17.5%
Adj EPS ⓘ45%47.6%25.1%-7.2%
BVPSⓘ30.8%20.5%18.5%19.4%
Share Price 27.6% 40.6% 70.1% 70.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		813.926.413.27.523.918.313.329.221.719.9
Op. Profit
Mgn % ⓘ		81.596.746.642.928.550.239.836.249.346.747.3
Net Profit
Mgn % ⓘ		42.466.429.425.317.734.227.421.332.72626
Debt to
Equity ⓘ		0.70.70.50.60.50.60.50.91.21.30
Working Cap
Days ⓘ		1,607982155290374235245228168229910
Cash Conv.
Cycle ⓘ		00-171-322-429-708-726-700-656-629273

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.61%

Net Profit is growing at healthy rate in last 3 years 25.14%

Sales growth is good in last 4 quarters at 26.75%

Return on Equity has declined versus last 3 years average to 19.90%

Debt to equity has increased versus last 3 years average to 1.25

Latest Financials - Motilal Oswal Financial Services Ltd.

Standalone Consolidated
TTM EPS (₹) 23.2 41.7
TTM Sales (₹ Cr.) 5,359 8,339
BVPS (₹.) ⓘ 116.7 182.2
Reserves (₹ Cr.) ⓘ 6,935 10,861
P/BV ⓘ 8.08 5.18
PE ⓘ 40.64 22.60
From the Market
52 Week Low / High (₹) 487.85 / 1063.40
All Time Low / High (₹) 10.90 / 1063.40
Market Cap (₹ Cr.) 56,549
Equity (₹ Cr.) 60
Face Value (₹) 1
Industry PE ⓘ 34.4

Management X-Ray of Motilal Oswal Fin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Motilal Oswal Fin

Event Update

Login/Register to view analysis.

Analyst's Notes

Motilal Oswal Financial Services Limited: Q3FY25 Results Update - 14 Feb 2025

Key Financial Highlights

  • Annual Recurring Revenue (ARR) contributed 56% to total revenue, while fee-based revenue rose to 41% (vs. 30% in Q3FY24).
  • Net worth reached Rs. 11,569 crore (+40% YoY), with ROE at 36%.

Segmental Performance

Wealth Management

  • Assets under Advice (AUA) surged 67% YoY to Rs. 3,08,329 crore, with Distribution AUM at Rs. 31,918 crore (+38% YoY).
  • Broking volumes remained strong, with a 7.4% cash market share (up from 5.6% in FY21) and 7.8% in F&O. NII (applicable for lending book) grew 40% YoY, with spreads improving to 6.8%.
  • Client acquisitions stood at ~1.6 lakh (+13% YoY), while Distribution revenue nearly doubled to Rs. 104 crore, increasing its contribution to 18% of segment revenue.

Asset & Private Wealth Management

  • AMC AUM doubled to Rs. 1,30,482 crore (+101% YoY), with Mutual Fund AUM at Rs. 97,722 crore (+128% YoY). SIP market share grew to 3.8% (from 1.5%), with SIP AUM at Rs. 20,795 crore.
  • Alternate AMC AUM expanded 50% YoY to Rs. 32,760 crore. Private Wealth AUM grew 34% YoY to Rs. 1,49,271 crore, with PAT at Rs. 97 crore (+57% YoY).

Capital Markets (Institutional Equities & Investment Banking)

  • Investment Banking executed 35 deals worth Rs. 46,000 crore in 9MFY25, maintaining its #1 rank in India's QIP league table.

Housing Finance

  • AUM increased 15% YoY to Rs. 4,343 crore, while disbursements rose 93% YoY to Rs. 1,014 crore in 9MFY25.
  • NII grew 10% YoY to Rs. 88 crore, while PAT stood at Rs. 37 crore. Asset quality remained stable, with GNPA/NNPA at 1.4%/0.8%.

Treasury Investments

  • Equity investments expanded 44% YoY to Rs. 8,464 crore.

Partial Sell Note : Motilal Oswal Financial Services - 21 Mar 2024

We initiated a buy position in Motilal Oswal Financial Services (MOFSL) in September 2022 at Rs. 748. The stock has since then more than doubled for our investors.  Company fundamentals have also improved significantly within this period, growth is largely attributed to the capital markets segment (>50% of Revenue & Operating profits) which includes broking, distribution, and investment banking. MOFSL reported a strong uptick in cash volumes and improved brokerage performance. Notably, its Futures & Options (F&O) premium market share reached 8.7% in December 2023.

Within Capital Markets, MOFSL has significant exposure to the Margin Trading Funding (MTF) business under which traders take large bets using borrowed funds from NBFCs, using shares as collateral. A recent directive from the RBI to JM Financials, halting its share-backed lending, underscores the regulatory risks in this space. Such a clampdown from RBI or SEBI could adversely impact MOFSL, particularly its MTF business, which contributed a net interest income of Rs. 150 Cr in Q3FY24, and potentially affect overall brokerage volumes.

MOFSL's exposure to the cyclical broking sector, despite its diversified portfolio including asset management, wealth management, and home finance, poses a risk given that more than 50% of its profitability is derived from the capital market segment. The inherent cyclicality of the broking business, coupled with intense competition, should be reflected in its valuation.

Motilal Oswal Fin Serv: Q3 FY24 Result Update - 30 Jan 2024

Particulars

Q3FY24 (Rs. Cr)

YoY Trend

Comments

Revenue

1,766

+67%

Capital markets revenue grew 36% YoY and Wealth management grew by 14% YoY
EBITDA

1,088

+123%

 
EBITDA Margin

61%

+1600 bps

Aided by a swing in Treasury Profit to Rs. 348 Cr as against a loss of Rs. 4 Cr in Q3FY23
PAT

661

+190%

Aided by higher other income

 

  • MOFSL continued its improvement in performance across verticals. F&O Average daily Turnover almost doubled to Rs. 5683 Bn in the quarter. Active client base increased to 8.2 Lakhs 
  • AMC Mutual Fund SIP flows increased substantially to Rs. 769 Cr with 1.6% market share as against 0.9% in Q3 FY23.

On the back of improved performance, MRP has been upgraded to Rs. 1,278. 

Motilal Oswal Financial Services: Q2 FY24 Result Update - 06 Nov 2023

Particulars

Q2FY24 (Rs. Crs)

YoY Trend

Comments

Revenue

1,055

+22%

Assets under advice increased to Rs. 4.1 Trillion (+30%). Retail Cash Market Share stood at 7.1%
EBITDA

481

+12%

 
EBITDA Margin

46%

-370 bps

Margin declined due to higher employee costs
PAT

308

-5%

PAT saw a dip due to higher interest cost

Good overall results

Motilal Oswal Financial: Q4FY23 Result Update - 05 May 2023

Revenue grew by 5% YoY to 11.35 Bn in Q4FY23. AUM of Asset Management segment declined by 7.4% YoY, while the AUM of the Wealth Management segment grew by 51% YoY in Q4 FY23. Retail Futures & options (F&O) Average daily turnover (ADTO) witnessed an impressive growth of 162% YoY, F&O market share 3.9%. Home Finance segment reported disbursements of  3.6 Bn, 80% YoY growth in Q4 FY23.  PAT at 2.33 Bn in Q4FY23, rose 2% QoQ.

Mixed results with positives on Wealth management and broking front, offsetting outflows from asset management segment.

 

Motilal Oswal Financial Services Ltd: Q3FY23 Result Update - 30 Jan 2023

Motilal Oswal Financial Services Ltd
Market Cap 9,958Cr
CMP 674
P/E 9.3

Results

(INR Cr)

YoY Growth

Comments

Revenue

1,145.5

2%

Muted growth across segments

Net Profit

226.3

-6%

Due to decline in EBITDA margin to 27.1% for segments other than housing finance

 

Check 10 year X-ray here

Key Highlight –

·        Broking & Distribution active clients grew by 14% on yearly basis to 9,00,242 and average revenue per user (ARPU) at 23,438 for Q3 FY23.

·        Retail Future & Option market share at 4.4%, increase of 0.5% from previous quarter.

·        AMC segment asset under management (AUM) declined 8.3% to 46,500 Cr, while Wealth Management AUM increased by 20.8% to 41,300 Cr.

·        Housing Finance AUM was flat at 36,900 Cr, while NIM improved by 0.66% to 7.8% for 9M FY23.

 

Management Outlook –

·        Management guided on Relationship Managers (RM) added in last 3 years to contribute to profitability. Also plans to grow RM at 20%.

·        Management has positive outlook on housing finance growth for FY 24/25, with better return ratios but elevated operating expenses.

·        Management expects digital initiatives to help in market share consolidation.

View All Notes

Key Ratios of Motilal Oswal Fin

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income1111331,3591,3131,1482,2252,6172,6934,6455,484
Interest Income1101321,3551,2821,1112,1982,5792,6664,5635,359
Other Income ⓘ 114313727382782125
Expenditure ⓘ 58178539209541,2601,7531,9672,8533,756
Interest Expense ⓘ 30593104129128162217466812
Operating Expenses ⓘ 23117307257881,0921,5451,7042,2982,854
Provisions 613090374046468990
Exceptional Items ⓘ 0-28000-880000
Profit Before Tax ⓘ 53885063941948768647251,7921,728
Taxes ⓘ 7010770-3126157156302337
Profit After Tax 47873993241977517075691,4901,391
Adjusted EPS (₹)0.81.56.95.63.312.811.99.625.023.2
Dividend Payout Ratio (%)106%41%31%38%30%20%21%26%14%22%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital5936692,3812,5942,7643,6164,2424,4545,9167,117
Share Capital ⓘ 14141515151515151560
Reserves ⓘ 5796552,3672,5792,7493,6024,2274,4395,9017,057
Minority Interest0000000000
Long Term Borrowings1871143343055468631,1069201951,634
Current Liabilities 3183762,3882,8083,2165,0746,0519,27015,51015,322
Trade Payables009761,1461,5672,7983,4463,1665,1864,952
Short term borrowings2482581,0601,2201,2801,7791,7933,6916,7327,476
Other Liabilities-248-258-1,862-2,366-2,846-4,577-5,239-6,858-11,917-12,428
Total Liabilities ⓘ 1,0991,1595,2775,7066,5269,55411,39914,64321,62124,073

Assets

Non Current Asset 7187323,1963,2603,5695,0135,9336,6119,64411,381
Loan Asset 006255242007738851,3283,4874,079
Other Non Current Asset ⓘ 7187322,5712,7373,3694,2405,0485,2836,1587,302
Current Asset 3814272,0812,4462,9584,5415,4668,03211,97612,692
Current Investment0808626521,109535265000
Other Current Asset3813471,2191,7941,8494,0065,2018,03211,97612,692
Total Assets ⓘ 1,0991,1595,2775,7066,5269,55411,39914,64321,62124,073

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ 286-49487306784-660879-1,332-498607
Cash Flow From Investing Activity ⓘ -90-106-289-100-295111-35730-487-334
Cash Flow From Financing Activity ⓘ -9049-181-132-70443-531,2123,2022,213
Net Cash Flow ⓘ 106-1061775419-106469-902,2162,486

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios
EPS (₹)3628221351473810023
DPS (₹)43994101010145
BVPS (₹)4246162176184243280295391117

Performance Ratios

ROA (%)4.27.812.45.93.29.36.84.48.26.1
ROE (%)8.013.926.413.27.523.918.313.329.221.7
ROCE (%)8.38.725.113.07.920.317.012.921.717.8

Valuation Parameters

Price/Book(x)6.515.76.23.42.72.63.12.14.35.3

Motilal Oswal Financial Services Ltd Stock News

Motilal Oswal Financial Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Motilal Oswal Fin on 15-Jul-2025 16:59 is ₹943.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Jul-2025 16:59 the market cap of Motilal Oswal Fin stood at ₹56,548.9.
The latest P/E ratio of Motilal Oswal Fin as of 15-Jul-2025 16:59 is 40.64.
The latest P/B ratio of Motilal Oswal Fin as of 15-Jul-2025 16:59 is 8.08.
The 52-week high of Motilal Oswal Fin is ₹1,063.4 and the 52-week low is ₹487.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Motilal Oswal Fin is ₹5,359 ( Cr.) .

About Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services Limited is a public limited company and incorporated under the provisions of Companies Act.  The Company is registered with Securities and Exchange Board of India (SEBI) under the Stock brokers and sub brokers Regulations, 1992 and is a member of Bombay Stock Exchange Limited, National Stock Exchange of India Limited, Multi Commodity Exchange of India Ltd. and National Commodity and Derivatives Exchange Limited. It is registered with Central Depository Services (India) Limited and National Securities Depository Limited in the capacity of Depository Participant and also registered with SEBI in capacity of Research Analyst and Investment Advisor.

Business area of the company

Motilal Oswal Financial Services offers a range of financial products and services, such as wealth management, retail broking and distribution, institutional broking, asset management, commodity broking, private equity, investment banking, and principal strategies. The company acts as a stock broker and commodities broker to execute proprietary trades and also trades on behalf of its clients which include retail customers (including high net worth individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients.

Services offered by the company

  • Equity/ Derivatives
  • Commodities
  • Currency
  • Mutual Funds
  • Insurance
  • IPO/Bonds/FD
  • ME Gold
  • PMS
  • Invest in US equities
  • Dedicated advisory
  • SIP through Whatsapp
  • Portfolio Restructuring 
  • 24X7 Chat Service
  • Loan aginst Portfolio
  • ICICI Bank Loan Services

Applications

Investors Platforms

  • Web Platform
  • Mobile Application
  • Smartwatch

Trader Platform

  • Web Platform
  • Mobile Application
  • EXE Platform

Awards

  • 2007- Motilal Oswal is rated ‘Best Overall Country Research’ for a Local Brokerage in the 2007 AsiaMoney Brokers poll.  
  • 2007- It was rated India’s top broking house in terms of total number of trading terminals by the Dun & Bradstreet survey.
  • 2007- The company was ranked second best for Customer Responsiveness in the Financial Sector at the Avaya Global Connect Customer Responsiveness awards.
  • 2011 - Motilal Oswal Financial Services Ltd. was honoured with Best Capital Markets & Related NBFC Award for FY11 at the CNBC TV18 India Best Banks and Financial Institutions Awards, 2011 held in Mumbai.
  • 2012 - Motilal Oswal Financial Services won the RETAILER OF THE YEAR (Banking & Financial Services) award at the Awards for Retail Excellence 2012 organised by Asia Retail Congress on Feb 14, 2012.
  • 2012-Motilal Oswal Financial Services was honoured with ‘Best Employer Brand’ Award at the IPE Banking, Financial Services & Insurance Awards 2012 held in Mumbai on 30th June 2012.
  • 2012- Motilal Oswal Financial Services was awarded the Best Use of Public Relations in the Financial Services Sector Award at the India PR & Corporate Communication Awards 2012 held in New Delhi on March 22, 2012. Organized by Exchange4media, these are the biggest awards of its kind in India.
  • 2013- Motilal Oswal Group has exposure on National Spot Exchange Ltd (NSEL) of Rs 253.92 crore.
  • 2013- Company's Subsidiary, Motilal Oswal Securities bagged the Best Performing Equity Broker (National) Award at CNBC TV18 Financial Advisor Awards 2013 held in Mumbai.
  • 2014- Company's Subsidiary, Motilal Oswal Securities has been awarded the ‘Best Performing National Financial Advisor
  • 2014- Equity Broker’ at the UTI-CNBC TV18 Financial Advisor Awards for the fourth year in a row
  • 2014- The Subsidiary of the Company, Motilal Oswal Securities wins the 'Best Research as Research Showcase Partner' at RESEARCHBYTES IC AWARDS 2014.
  • 2014- The Subsidiary of the Company, Motilal Oswal Securities Ltd wins 'Best Local Brokerage for Trading and Execution' at Trade Asia Magazine Awards held on 13th November 2014 at Hongkong
  • 2015- The website of Motilal Oswal Financial Services Ltd (MOFSL) has changed from motilaloswal.com to motilaloswalgroup.com.
  • 2017- Consistently won high ranks in prestigious award forums like Asiamoney
  • 2018- No.1 ranking in events, conference and roadshows in Asia Money 2018 ranking
  • 2018- No. 3 in three research categories, sales trading and overall sales in Asia Money 2018 ranking
  • 2019- MOFSL gets inducted in the HALL OF FAME at the 10 Financial Advisor Awards
  • 2019- Ranked No. 1 in Overall Sales, Sales Trading & Corporate Access and No. 2 in Best Local Brokerage awards category at Asia Money Brokers Poll 2019
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
SEBI Registered: Investment Adviser - INA000013323 RIA Details
Request a Call back
Refer and Earn
Partner with Us
WhatsApp +91 9860359463
besafe@moneyworks4me.com
Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer: Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provides any assurance of returns to investors.
Compliance Officer:
Name: Shrikant Jagtap
Email: shrikant.jagtap@moneyworks4me.com
Mobile No: +91 97638 00745
Grievance Officer:
Name: Mukta Vaze
Email: mukta.vaze@moneyworks4me.com
Mobile No:+91 98609 19463
Principal Officer:
Name: Atharva Bhide
Email: atharva.bhide@moneyworks4me.com
Mobile No:+91 91758 99463
SEBI regional/local office address-
Plot No. C 4-A , G Block, Near Bank of India, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
linkedin facebook twitter youtube insta telegram
Address:
The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Complaints: Complaint status | Cancellation and Refund Policy | PML Act | Grievance Redressal Process | ODR | Investor charter | Terms & Conditions | Disclaimer | Disclosure
Data provided by Accord Fintech Pvt. Ltd.
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
×
Please wait your portfolio is updating...