MarketFriction

Motilal Oswal Financial Services Ltd

NSE MOTILALOFS · BSE 532892 · Stockbroking & Allied
₹989.90 -0.41%
NSE close2026-10-01
52 week range614.90 - 1,097.10
Market cap₹60,069 Cr.
P/E30.3
Nifty 200Nifty 500Nifty Midcap 100Midcap 150 No price band Delivery 51.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,6551,7912,1542,3142,8411,9931,1902,7371,8492,1122,6763,426
Expenses7407039169261,0259329101,0181,0091,0062,4711,456
Operating Profit9151,0891,2381,3881,8161,0612801,7208401,1052051,970
OPM %55%61%57%60%64%53%24%63%45%52%8%57%
Other Income1618191526187118166
Interest241262302327354319298295317336388414
Depreciation172424222327262628292828
Profit before tax6588099301,0591,454741-271,406506748-1941,534
Tax %19%18%22%17%23%24%137%18%28%24%13%17%
Net Profit5326617258841,122566-631,163363566-2191,274
EPS in Rs8.9611.1112.1314.7718.719.42-1.0819.386.049.42-3.6821.14
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0801,9232,7512,4502,3583,6264,2984,1787,0698,3409,38110,063
Expenses6479151,3571,5431,5461,6102,1782,3013,0023,7945,5045,943
Operating Profit4321,0081,3949078122,0162,1201,8774,0674,5463,8774,120
OPM %40%52%51%37%34%56%49%45%58%55%41%41%
Other Income1-271128-80221961784242
Interest1744425285174944304785961,0141,2981,3361,456
Depreciation35333724404848588399111112
Profit before tax2255068293782851,4581,6161,2423,0323,2262,4722,593
Tax %27%28%25%25%24%18%19%25%19%22%24%
Net Profit1723716322981901,2651,3129352,4462,5081,8721,983
EPS in Rs2.976.2310.725.043.1021.4921.9715.7440.9641.7431.0632.92
Dividend Payout %29%22%20%42%32%12%11%16%9%12%19%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth24%21%31%15%
Compounded Profit Growth27%7%26%-29%
Stock Price CAGR24%36%66%11%
Return on Equity22%22%23%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414151515151515156060
Reserves1,2811,4221,7722,8713,0393,0714,4475,6596,2378,71711,01912,828
Borrowings7952,5895,0675,3235,1584,6275,6936,15210,27813,78714,73221,255
Other Liabilities8551,0641,5862,2022,1492,3703,8875,0336,4199,2528,1069,258
Total Liabilities2,9455,0908,43910,41110,36010,08414,04116,86022,94931,77133,91643,401
Fixed Assets300292294300302333350357466603754769
CWIP0000000000115115
Investments8141,2311,7672,8072,6863,0883,9224,6854,7876,5018,85110,299
Other Assets1,8313,5666,3787,3047,3726,6629,76911,81817,69624,66724,19732,218
Total Assets2,9455,0908,43910,41110,36010,08414,04116,86022,94931,77133,91643,401
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-98-1,242-1,980248195952-1391,011-3,058-3501,215-6,071
Cash from Investing Activity-606-380-314-15714-353-273-447-274-247-1,077-958
Cash from Financing Activity7471,7182,420-98-141-1298612823,7703,3067456,154
Net Cash Flow4496125-7684704498454392,709882-875
Free Cash Flow-124-1,277-2,032207168882-199956-3,212-495930-6,160
CFO/OP-25%-274%-183%31%41%137%0%58%-148%2%39%-139%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days27924023913822611592859099105158
Inventory Days0
Days Payable
Cash Conversion Cycle27924023913822611592859099105158
Working Capital Days-76-278-209-241-103-189-206-279-402-329-191-147
ROCE %14%13%18%18%11%10%22%19%13%21%19%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.53%69.39%69.16%69.04%68.86%68.71%68.45%67.80%67.69%67.62%67.54%67.20%
FIIs6.29%6.48%6.73%6.46%6.34%5.88%6.01%7.29%7.52%6.93%7.03%6.86%
DIIs6.29%6.76%6.94%6.06%6.41%6.39%5.71%5.44%5.84%6.42%6.02%6.78%
Public17.90%17.36%17.16%18.42%18.39%19.01%19.83%19.46%18.96%19.02%19.40%19.15%
No. of Shareholders63,58361,73267,2311,35,9841,63,5512,26,7542,87,3312,60,2862,41,2972,38,4882,41,9612,25,318

Fundamentals

Market Cap₹ 60,069 Cr.
Current Price₹ 996
Stock P/E30.3
Book Value₹ 214
ROCE12.7 %
ROE15.5 %
Dividend Yield0.60 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)-29%
Consolidated figures.
Valuation
Market capRs 59,578 Cr
Enterprise valueRs 67,350 Cr
P/E (TTM)30.09x
Price to book4.62x
Price to sales5.92x
EV / EBITDA16.18x
EV / EBIT16.63x
EV / sales6.69x
Earnings yield3.32%
Dividend yield0.61%
P/E, 3-year average12.55x
P/B, 3-year average2.33x
P/E, 5-year average8.51x
P/B, 5-year average1.59x
Profitability
Operating margin (excl. other income)41.33%
Operating margin (incl. other income)41.78%
EBITDA margin41.36%
Pre-tax margin25.77%
Net profit margin19.68%
Net margin, latest quarter37.16%
ROE15.60%
ROCE12.70%
ROA4.84%
ROE, 3-year average24.48%
ROCE, 3-year average17.38%
ROA, 3-year average7.12%
ROE, 5-year average22.98%
ROCE, 5-year average16.83%
ROA, 5-year average6.91%
ROIC (approx.)14.85%
Tax rate24.26%
Other income / net worth0.33%
Growth
Sales growth (latest year)12.49%
Profit growth (latest year)-25.28%
Sales CAGR, 3 years30.95%
Sales CAGR, 5 years20.94%
Profit CAGR, 3 years26.13%
Profit CAGR, 5 years8.20%
Sales growth QoQ28.01%
Sales growth YoY (latest quarter)25.16%
Profit growth YoY (latest quarter)9.56%
Per share
EPS (TTM)Rs 32.90
EPS (latest year)Rs 31.06
EPS (latest quarter)Rs 21.15
EPS, 3-year averageRs 78.87
EPS, 5-year averageRs 77.49
Book value per shareRs 214.14
Sales per shareRs 167.19
Cash flow per shareRs -100.87
Free cash flow per shareRs -102.35
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 8.33
Dividend per share, 5-year averageRs 9.00
Dividends
Dividend payout19.32%
Dividend payout, 3-year average13.28%
Dividend payout, 5-year average13.42%
Efficiency
Asset turnover0.22x
Fixed asset turnover12.20x
Debtor days158 days
Debtors turnover2.31x
Cash conversion cycle158 days
Working capital days-147 days
Leverage
Total debtRs 21,255 Cr
Cash and bankRs 13,483 Cr
Net debtRs 7,772 Cr
Debt to equity1.65x
Net debt / EBITDA1.87x
Interest coverage2.78x
Owners' fund to total sources29.70%
Debt to assets48.97%
Cash flow
Cash from Operating Activity (latest year)Rs -6,071 Cr
Cash from Investing Activity (latest year)Rs -958 Cr
Cash from Financing Activity (latest year)Rs 6,154 Cr
Net Cash Flow (latest year)Rs -875 Cr
Free cash flow (latest year)Rs -6,160 Cr
FCFE (approx.: FCF + change in debt)Rs 364 Cr
Cash from ops / profit, 5 years-0.80x
Statement figures
Net sales (TTM)Rs 10,063 Cr
Net sales (latest year)Rs 9,381 Cr
Sales (latest quarter)Rs 3,426 Cr
Operating profit excl. other income (latest year)Rs 3,877 Cr
Operating profit (latest quarter)Rs 1,970 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 4,161 Cr
PBDT (TTM)Rs 2,706 Cr
Profit before tax (TTM)Rs 2,593 Cr
Tax (latest year)Rs 600 Cr
Net profit (TTM)Rs 1,980 Cr
Net profit (latest year)Rs 1,869 Cr
Net profit (latest quarter)Rs 1,273 Cr
Depreciation (TTM)Rs 112 Cr
Depreciation (latest quarter)Rs 28 Cr
Interest (TTM)Rs 1,456 Cr
Cost of goods sold (latest year)Rs 2,832 Cr
Total expenditure (latest year)Rs 5,504 Cr
Total income (latest year)Rs 9,423 Cr
Share capitalRs 60 Cr
ReservesRs 12,828 Cr
Shareholders' fundsRs 12,888 Cr
Total assetsRs 43,401 Cr
Net blockRs 769 Cr
Capital work in progressRs 115 Cr
InvestmentsRs 10,299 Cr
ReceivablesRs 4,058 Cr
Other liabilitiesRs 9,258 Cr
Shares outstanding (crore)60.19
Ownership
Promoter holding67.20% (-0.60 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 30.1 is at the 67th percentile of its own 9.4-year range (median 21.6, low 6.9, high 66.6).
P/B 4.62 is at the 72th percentile (median 3.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMOTILALOFSNifty 50Difference
1 week-3.1%-2.8% -0.4 pts
1 month-2.6%-6.8% +4.2 pts
3 months+2.2%-7.6% +9.8 pts
6 months+56.4%+0.4% +56.0 pts
1 year+7.6%-9.9% +17.5 pts
2 years+25.8%-13.6% +39.4 pts
3 years+350.5%+14.2% +336.4 pts
5 years+354.0%+27.9% +326.1 pts
128 mutual fund schemes hold about ₹3,550 Cr. Over three months 47 bought more and 19 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Large & Mid Cap Fund1.74%563 +4%
Tata Value Fund(Div Trig Opt B-10%)Pay5.30%459 +4%
HSBC Small Cap Fund1.54%294 +0%
HDFC Large & Mid Cap Fund0.64%194 +4%
Sundaram Mid Cap Fund1.28%190 +1%
Sundaram Mid Cap Fund1.28%185 +1%
WOC Mid Cap Fund1.91%143 +65%
Tata ELSS-Tax Saver Fund2.71%128 +3%
Helios Flexi Cap Fund1.38%121 -7%
UTI Large & Mid Cap Fund1.67%109 +32%
HSBC Aggressive Hybrid Fund1.44%85 +3%
Kotak Arbitrage Fund(M0.11%84 -45%
HSBC Flexi Cap Fund1.31%79 +35%
UTI Small Cap Fund1.27%67 +7%
Helios Mid Cap Fund2.43%54 +9%
UTI Aggressive Hybrid Fund0.72%48 -10%
LIC MF Large & Midcap Fund1.51%48 +100%
HSBC Multi Cap Fund0.60%37 -3%
Tata Nifty Capital Markets Index Fund3.71%36 +8%
JM Mid Cap Fund2.29%31 +14%
WOC Multi Cap Fund0.68%28 +26%
WOC Large & Mid Cap Fund1.00%25 +11%
Motilal Oswal Nifty Capital Market Index Fund3.70%25 +7%
HSBC Financial Services Fund2.42%23 +3%
Aditya Birla SL Arbitrage Fund0.08%22 -29%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -76% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 18% of total assets in 2026
explainReceivables outrunning sales Receivables grew 69% vs sales +12% in 2026
explainDebt up, profit down Borrowings up 44% while net profit fell in 2026
lookRegulator order or action Regulator order or action 2026-03-19: Motilal Oswal Financial Services Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-10-31Motilal Gopilal OswalPromotersother212,000Rs 19.59 CrInter-se-Transfer
2024-10-31Motilal Oswal FoundationPromoter Groupother424,000Rs 39.18 CrInter-se-Transfer
2024-10-31Raamdeo Ramgopal AgarawalPromotersother212,000Rs 19.59 CrInter-se-Transfer
2024-05-24Dhairya AgrawalPromoter Groupother100,000Rs 22.70 CrInter-se-Transfer
2024-05-24Raamdeo Ramgopal AgarawalDirectorother105,000Rs 23.84 CrInter-se-Transfer
2024-02-14Pratiksha MehtaPromoter Groupother2,219,207Rs 392.90 CrInter-se-Transfer
2024-02-14Motilal Oswal Family TrustPromotersother2,219,207Rs 392.90 CrInter-se-Transfer
2023-06-14KAROON AGARAWALPromoter Groupsell12,000Rs 0.81 CrMarket Sale
2023-06-13KAROON AGARAWALPromoter Groupsell13,000Rs 0.87 CrMarket Sale
2023-04-17Pratik Motilal OswalPromoter Groupother2,219,207Rs 138.10 CrInter-se-Transfer
2023-04-17Motilal Oswal Family TrustPromotersother2,219,207Rs 138.10 CrInter-se-Transfer
2023-03-29Raamdeo Ramgopal AgarawalPromotersbuy289Rs 0.02 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹3,426 Cr +25.2% vs Jun 2025. Net profit ₹1,274 Cr +9.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-01-30Interim Dividend - Rs 6 Per Share
2025-01-31Interim Dividend - Rs 5 Per Sh
2024-06-10Bonus 3:10.2500
2024-02-06Interim Dividend - Rs 14 Per Share
2023-07-04Dividend - Rs 3 Per Share
2023-02-03Interim Dividend - Rs 7 Per Share
2022-07-01Dividend - Rs 3 Per Share
2022-05-26Buyback
2022-02-03Interim Dividend - Rs 7 Per Share
2021-08-02 Dividend - Rs 5 Per Share
2021-02-08 Interim Dividend - Rs 5 Per Share
2020-01-31 Interim Dividend-Rs 4 Per Share
2019-07-24 Dividend - Rs 4.50 Per Sh
2019-01-25 Interim Dividend - Rs 4 Per Share
2018-09-19 Dividend- Rs 4.50 Per Share
2018-02-05 Interim Dividend - Rs 4 Per Share
2017-07-20 Dividend - Rs 3 Per Share
2017-02-08 Interim Dividend Rs 2.50 Per Share
2016-03-22 Interim Dividend - Rs 1.50/- Per Share
2016-02-11 Interim Dividend - Rs 2/- Per Share
2015-07-30Annual General Meeting/Dividend - Re 1/- Per Share
2015-02-05Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2014-08-13Annual General Meeting / Final Dividend - Re 1/- Per Share
2013-10-31Interim Dividend Re 1 Per Share (Purpose Revised)
2013-07-18Annual General Meeting / Dividend - Re 1/- Per Share
2012-10-23Interim Dividend Re 1 Per Share (Purpose Revised)
2012-07-16Annual General Meeting/Dividend Rs. 0.50 Per Share
2012-01-20Interim Dividend Re.1/- Per Share (Purpose Revised)
2011-07-11Annual General Meeting And Dividend Rs.1.40 Per Share
2010-07-14Annual General Meeting And Dividend Rs.1.20 Per Share
2009-05-28Agm/Div-Re0.80 Per Share
2008-07-25Fv Split Rs.5/- To Re.1/-0.2000
2008-05-14Agm/Dividend - 80%
DateTypeWhat it says
2026-09-30AllotmentAllotment of 90000 securities pursuant to Non Convertible Securities at its meeting held on September 30, 2026
2026-09-24Issue of SecuritiesIssue of Securities
2026-09-23Press ReleaseWe wish to inform the Exchange that Motilal Oswal Custodial Services Private Limited ("MOCSPL"), Wholly-Owned Subsidiary of Motilal Oswal Financial Se...
2026-09-23General UpdatesReceipt of Approval from the SEBI to act as a Custodian of Securities - Motilal Oswal Custodial Services Private Limited, Wholly-Owned Subsidiary of t...
2026-09-21UpdatesFund raising by way of Issuance of Non-Convertible Debentures
2026-09-16Press ReleaseA press release dated September 16, 2026, titled "Press Release - India Ratings upgrades Motilal Oswal Financial Services".
2026-09-16AllotmentAllotment of 7,900 (Seven Thousand Nine Hundred) Fully paid, Secured, Rated, Redeemable, Listed, Senior Bonds in the nature of Non-Convertible Debentu...
2026-09-16AllotmentAllotment of 653980 securities pursuant to ESOP/ESPS at its meeting held on September 16, 2026
2026-09-15Credit Rating- RevisionCredit Rating- Revision
2026-09-07Issue of SecuritiesIssue of Securities
2026-09-07General UpdatesIntimation of Analysts/Investors Meetings/Conferences
2026-09-02UpdatesFund raising by way of Issuance of Non-Convertible Debentures.
2026-08-12AllotmentAllotment of 1,76,529 securities pursuant to ESOP/ESPS at its meeting held on August 12, 2026
2026-08-10UpdatesPress Release - Motilal Oswal Asset Management Company crosses ₹2 Lakh Crores in Assets Under Management ( AUM ) .
2026-08-05General UpdatesRevision in ESG Rating received from ICRA ESG Ratings Limited: Upgrade in Impact Rating to 80 (Outstanding) from 76 (Good)
2026-08-05General UpdatesS about Intimation of Analysts/Investors Meetings/Conferences
2026-07-31Concall / analyst meetTranscript
2026-07-24Concall / analyst meetLink of Recording
2026-07-23ESOPGrant of 196721 Options.
2026-07-23Concall / analyst meetPresentation
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Motilal Oswal Financial Services reports 14% Operating Profit After Tax (PAT) Year-On-Year Growth in Q1FY...
2026-07-23Board meeting outcomeMotilal Oswal Financial Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Credit Rating- RevisionCredit Rating - Revision
2026-07-17Concall / analyst meetSchedule of meet
2026-07-15General UpdatesApproval of Members for Reclassification of certain members of the Promoter Group from Promoter Group Category to Public Category
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.56
Max pain (expiry 2026-10-27)1,000
Largest call open interest at1,200
Largest put open interest at1,000
Implied volatility, at the money34.5%
Underlying at snapshot989.90
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-302,522
2026-09-295,425
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Motilal Oswal Financial Services Ltd?

Motilal Oswal Financial Services Ltd (MOTILALOFS) has a market capitalisation of Rs 60,069 Cr. at the 2026-10-01 close.

What is the P/E ratio of Motilal Oswal Financial Services Ltd?

Motilal Oswal Financial Services Ltd trades at a P/E of 30.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Motilal Oswal Financial Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Motilal Oswal Financial Services Ltd sales was Rs 3,426 Cr (+25.2% vs Jun 2025) and net profit was Rs 1,274 Cr.

What is the 52-week high and low of Motilal Oswal Financial Services Ltd?

The 52-week high is Rs 1,097.10 and the 52-week low is Rs 614.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03