High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Balance Sheet: Reasonably good balance sheet.
Growth: Good revenue growth. With 124.2% growth over past three years, the company is going strong.
Momentum: Stock price has a strong positive momentum. Stock is up 11.4% in last 30 days.
Past Returns: In past three years, the stock has provided 11.3% return compared to 8.9% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 20%.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 52.37 kCr |
| Price/Earnings (Trailing) | 27.93 |
| Price/Sales (Trailing) | 5.56 |
| EV/EBITDA | 12.07 |
| Price/Free Cashflow | -8.53 |
| MarketCap/EBT | 21.25 |
| Enterprise Value | 47.21 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 9.42 kCr |
| Rev. Growth (Yr) | 122.8% |
| Earnings (TTM) | 1.87 kCr |
| Earnings Growth (Yr) | -246.8% |
Profitability | |
|---|---|
| Operating Margin | 26% |
| EBT Margin | 26% |
| Return on Equity | 14.46% |
| Return on Assets | 4.31% |
| Free Cashflow Yield | -11.73% |
Growth & Returns | |
|---|---|
| Price Change 1W | 2.3% |
| Price Change 1M | 11.4% |
| Price Change 6M | -6% |
| Price Change 1Y | 11.2% |
| 3Y Cumulative Return | 11.3% |
| 5Y Cumulative Return | 0.90% |
| 7Y Cumulative Return | 0.90% |
| 10Y Cumulative Return | 10.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -958.49 Cr |
| Cash Flow from Operations (TTM) | -6.07 kCr |
| Cash Flow from Financing (TTM) | 6.15 kCr |
| Cash & Equivalents | 5.16 kCr |
| Free Cash Flow (TTM) | -6.14 kCr |
| Free Cash Flow/Share (TTM) | -102.06 |
Balance Sheet | |
|---|---|
| Total Assets | 43.47 kCr |
| Total Liabilities | 30.52 kCr |
| Shareholder Equity | 12.95 kCr |
| Net PPE | 730.25 Cr |
| Inventory | 0.00 |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 0.84 |
| Interest/Cashflow Ops | -3.54 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 6 |
| Dividend Yield | 0.69% |
| Shares Dilution (1Y) | 0.40% |
| Shares Dilution (3Y) | 1.7% |
Balance Sheet: Reasonably good balance sheet.
Growth: Good revenue growth. With 124.2% growth over past three years, the company is going strong.
Momentum: Stock price has a strong positive momentum. Stock is up 11.4% in last 30 days.
Past Returns: In past three years, the stock has provided 11.3% return compared to 8.9% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 20%.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.69% |
| Dividend/Share (TTM) | 6 |
| Shares Dilution (1Y) | 0.40% |
| Earnings/Share (TTM) | 31.16 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 45.9 |
| RSI (5d) | 76.85 |
| RSI (21d) | 66.95 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Motilal Oswal Financial Services's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook is optimistic, highlighting a strong growth trajectory supported by a robust operating model. Key points include:
Strong Growth Metrics: Operating profit after tax grew by 16% YoY to Rs.2,360 crores in FY26, with a notable 33% growth in the profits of Asset and Private Wealth businesses, which now contribute about 50% of total operating profit. The operating profit for Q4 FY26 increased by 25%, optimizing the last quarter's run rate to Rs.661 crores.
Annuity Revenue: Over 60% of the group's revenues now stem from annuity businesses, which have been on an upward trend over the past decade, promising improved cash flow predictability.
Market Positioning: The company's market capitalization growth reflects its rising position; it is now ranked among the top 150 companies by PAT and top 200 by market cap as of 2025.
Technology Integration: AI and tech infrastructure enhancements are embedded in business processes to drive productivity and differentiate from competitors.
Capital Market Dynamics: The company is strategically poised to capitalize on India's projected wealth growth from $10 trillion to over $100 trillion, suggesting that financialization of wealth will prove advantageous.
Financial Indicators: The investment book has demonstrated a 40% compounded growth since inception with an 18% IRR over the long term. The current unrealized losses in the investment book, estimated around Rs.1,000 crores, are expected to be recouped.
Future Focus: Management emphasized continued investment in technology, talent, and brand to sustain leadership, with expectations of further improvement in the profitability share from asset and private wealth management.
Overall, management remains confident that the company will navigate current regulatory challenges and sustain its growth trajectory in the coming years.
Here are the major questions from the Q&A section of the earnings transcript along with detailed answers:
1. From Mahek - Participant: "What are your thoughts on the SIP market share dip and what initiatives are being taken to regain it?"
Answer: Our SIP run rate is currently Rs.1,400+ crores monthly. The decline was due to our international funds being unable to take new money and some lockdowns on microcap funds. We anticipate SIP growth will rebound as our performance improves, particularly in main categories.
2. From Mahek - Participant: "How should we look at revenue yields with respect to regulatory changes and alternate yields?"
Answer: Our fees remained stable despite TER changes, and in fact slightly improved. Yield compression is a mix effect; our passive funds grew quickly but had lower retention than our active funds. Retention rates in our alternate segment stayed strong.
3. From Mahek - Participant: "What drove the growth in AUM and inflows in Private Wealth Management?"
Answer: Our strategy focuses on providing solutions to ultra HNIs and family offices through securities-based lending. This approach has enhanced both asset growth and ARR revenues, contributing significantly to our expansion.
4. From Deep Vakil - Participant: "What is the strategic outlook for the MTF book after seeing a decline?"
Answer: Our MTF book grew by 40% in FY26. The current dip is largely market-driven and not reflective of operational strategy. We're confident that our market position as the largest broker can drive further growth in this area.
5. From Deep Vakil - Participant: "What is your outlook for broking income in FY27?"
Answer: Broking revenue for FY26 was impacted by regulatory changes and low volumes. However, in Q4FY26, we witnessed a 33% YoY revenue growth, and we expect continued recovery as market conditions stabilize.
6. From Deep Vakil - Participant: "Can you clarify the MTM losses incurred on the treasury book?"
Answer: The MTM loss is nominal, notional until realized. These unrealized losses, around Rs.1,000 crores, do not affect actual operations and most of these have been recouped by April 2026. Long-term returns from our investment book have averaged 18%.
7. From Nidhesh Jain - Participant: "What is the guidance for net flows in the AMC business for FY27?"
Answer: We anticipate net flows will improve as we recover from previous market weaknesses. Our net flow market share was better than our average AUM share in April, indicating a positive trajectory moving forward.
8. From Dipanjan Ghosh - Participant: "What differentiates your wealth management capabilities in the competitive landscape?"
Answer: We have developed strong group capabilities that allow us to offer proprietary transactions, efficiently backing our underwriting process. Our size aids us in accessing unique investments across various asset classes.
9. From Lalit Mohan Deo - Participant: "What is the quality of clients in the Private Wealth segment?"
Answer: We manage 9,000 families, with approximately 50% classified as UHNI. Our AUM per RM has increased from Rs.300 crores to Rs.450 crores, showcasing our growing presence in lucrative segments despite a larger broker base.
10. From Lalit Mohan Deo - Participant: "What is driving the increased transaction distribution income?"
Answer: The rise in transaction distribution income in Q4FY26 is primarily due to higher revenues from insurance distribution, indicating our capability to leverage multiple income streams effectively.
Analysis of Motilal Oswal Financial Services's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Wealth Management | 36.4% | 1.1 kCr |
| Asset and Private Wealth Management | 30.2% | 905 Cr |
| Treasury Investments | 19.8% | 594.1 Cr |
| Home Finance | 7.8% | 234.8 Cr |
| Capital markets | 5.8% | 173.2 Cr |
| Total | 3 kCr |
Understand Motilal Oswal Financial Services ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Raamdeo Ramgopal Agrawal | 20.87% |
| Motilal Oswal Family Trust | 20.63% |
| Vaibhav Raamdeo Agrawal | 5.13% |
| Navin Agarwal | 5.07% |
| Pratik Motilal Oswal | 4.47% |
| Suneeta Raamdeo Agrawal | 4.23% |
| Raamdeo Agarwal HUF | 2.99% |
| Motilal Gopilal Oswal | 2.25% |
| Vimla Motilal Oswal | 1.65% |
| Pratik Ranjit Mehta | 1.49% |
| Natasha Aniruddha Malpani | 1.47% |
| Pratiksha Pratik Mehta | 1.47% |
| Tata Mutual Fund- Tata Value Fund | 1.19% |
| Rajat Rajgarhia | 1.11% |
| Vedika Vaibhav Agrawal | 0.33% |
| Dhairya Agrawal | 0.15% |
| Suman Agrawal | 0.07% |
| Satish Agrawal | 0.05% |
| Karoon Ramgopal Agarawal | 0.05% |
| Sukhdeo Ramgopal Agarawal | 0.05% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Motilal Oswal Financial Services against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ANGELONE | ANGEL ONE | 31.37 kCr | 5.15 kCr | +9.50% | +15.20% | 34.16 | 6.09 | - | - |
| ANANDRATHI | Anand Rathi Wealth | 29.78 kCr | 1.25 kCr | +0.20% | +87.10% | 74.94 | 23.76 | - | - |
| IIFL | IIFL FINANCE | 20.2 kCr | 13.4 kCr | +13.30% | +14.00% | 12.16 | 1.51 | - | - |
| JMFINANCIL | JM Financial | 12.67 kCr | 4.32 kCr | -4.50% | +8.50% | 10.17 | 2.93 | - | - |
| GEOJITFSL | Geojit Financial Services | 2.11 kCr | 675.96 Cr | +17.80% | -11.10% | 26.26 | 3.12 | - | - |
| 5PAISA | 5paisa Capital | 1.58 kCr | 319.89 Cr | +3.30% | -15.60% | 23.77 | 4.93 | - | - |
Motilal Oswal Financial Services is a prominent Stockbroking & Allied company in India, with the stock ticker MOTILALOFS and a market capitalization of Rs. 40,618.5 Crores.
The company provides a broad range of financial services through various segments, including:
Its offerings encompass broking and distribution services such as equities, derivatives, commodities, currencies, mutual funds, and insurance products. Additionally, it provides depository, portfolio management, and asset management services.
Motilal Oswal also caters to private wealth management, offering services like equity, alternate investments, credit, estate planning, and property advisory. The company is involved in primary equity offerings and home loans, while also providing institutional broking services, which include cash and derivatives, private equity services, and investment banking advisory.
The company serves a diverse clientele, including high net worth individuals, mutual funds, foreign institutional investors, financial institutions, and corporate clients. Founded in 1987, Motilal Oswal Financial Services is headquartered in Mumbai, India.
In terms of financial performance, the company reported a revenue of Rs. 8,374.7 Crores over the last 12 months, with a notable profit of Rs. 2,508.2 Crores in the same period. It has exhibited revenue growth of 93.9% over the past three years.
Notably, Motilal Oswal Financial Services distributes dividends to its investors, with a yield of 1.25% per year. However, it has previously diluted the holdings of its shareholders by 0.5% over the past three years, returning Rs. 8.5 dividend per share in the last 12 months.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.