Motilal Oswal Financial Services
Motilal Oswal Financial Services Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Motilal Oswal Financial Services Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Motilal Oswal Financial Services Ltd trades at a P/E of 27.04× and P/B of 4.14×, against the Financial Services sector median P/E of 17.67×.
Valuation
Profitability
Growth
Financial Health
Motilal Oswal Financial Services Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Motilal Oswal Financial Services Ltd, switchable between annual and quarterly views, consolidated or standalone.
Motilal Oswal Financial Services Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹53,499.34 Cr and reported EPS of ₹32.87.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,463 | 2,358 | 3,626 | 4,297 | 4,177 | 7,068 | 8,417 | 9,374 |
| Other Income | 6 | 8 | 5 | 23 | 20 | 63 | — | 42 |
| Total Income | 2,468 | 2,365 | 3,631 | 4,320 | 4,197 | 7,131 | 8,417 | 9,416 |
| Gross Profit | 2,463 | 2,358 | 3,626 | 4,297 | 4,177 | 7,068 | 8,417 | 9,374 |
| +Operating Expenses | 1,543 | 1,546 | 1,609 | 2,178 | 1,397 | 1,810 | 2,456 | 4,115 |
| EBITDA | 920 | 812 | 2,017 | 2,119 | 2,781 | 5,258 | 5,961 | 5,259 |
| +Non-Operating Expenses | 541 | 534 | 389 | 526 | 654 | 1,097 | 1,397 | 1,447 |
| Profit Before Tax (PBT) | 384 | 285 | 1,457 | 1,616 | 1,242 | 3,032 | 3,226 | 2,465 |
| +Tax Expense | 94 | 70 | 259 | 305 | 309 | 586 | 718 | 600 |
| Profit After Tax (PAT) | 298 | 190 | 1,259 | 1,312 | 935 | 2,446 | 2,508 | 1,872 |
| Earnings Per Share (EPS) | 5.04 | 3.10 | 21.24 | 21.97 | 15.74 | 40.96 | 41.74 | 31.06 |
| Diluted Shares Outstanding (Nos.) | 58 | 59 | 59 | 60 | 59 | 60 | 60 | 60 |
| +Banking Income | 2,468 | 2,365 | 3,631 | 4,320 | 4,197 | 7,131 | 8,417 | 9,416 |
| +Additional Disclosures | 2,093 | 2,001 | 2,454 | 2,749 | 2,913 | 4,288 | 5,190 | 7,136 |
| Sales Growth % | — | -4.27 | 53.79 | 18.51 | -2.79 | 69.20 | 19.09 | 11.37 |
| YoY Sales Growth % | — | -4.27 | 53.79 | 18.51 | -2.79 | 69.20 | 19.09 | 11.37 |
| Employee Cost % | 20 | 23 | 18 | 20 | 24 | 19 | 21 | 21 |
| Other Cost % | 42 | 43 | 27 | 30 | 9 | 7 | 8 | 23 |
| OPM % | 37 | 34 | 56 | 49 | 67 | 74 | 71 | 56 |
| Tax % | 24 | 24 | 18 | 19 | 25 | 19 | 22 | 24 |
| Profit Growth % | — | -36.45 | 564.34 | 4.21 | -28.78 | 161.62 | 2.56 | -25.35 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | — | — | — | 861 | 1,138 | 1,329 | 1,322 |
Motilal Oswal Financial Services segment analysis: revenue and profit mix.
Disclosed business segments at Motilal Oswal Financial Services with their share of revenue and profit, switchable between consolidated and standalone reporting.
Motilal Oswal Financial Services discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Motilal Oswal Financial Services Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Motilal Oswal Financial Services Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Motilal Oswal Financial Services Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Motilal Oswal demonstrates strong profitability with a 25.20% Return on Equity (ROE) and 18.70% Return on Capital Employed (ROCE), indicating efficient capital utilization and effective management of shareholder investments.
The company shows robust financial performance with a remarkable 31.80% increase in quarterly profit (PAT Qtr: 1162 Cr), suggesting strong growth momentum and potential for future investor interest.
A substantial promoter holding of 67.7% signifies strong confidence in the company's long-term vision and stability, potentially reassuring investors about corporate governance and future direction.
The company's Price-to-Earnings (PE) ratio of 21.80 appears relatively attractive compared to some peers, suggesting a reasonable valuation and potential for future growth and investor returns.
Growing financial literacy and increasing retail participation in capital markets present a significant opportunity for expansion in brokerage and wealth management services.
What can break it.
Motilal Oswal's high debt-to-equity ratio of 1.33 indicates significant reliance on debt financing, potentially increasing financial risk and vulnerability during economic downturns, impacting flexibility.
The latest quarterly net profit shows a concerning decline to -63.00 Cr (March 2025), raising questions about short-term financial health and requiring further investigation into underlying causes.
Significant stock price volatility is evident, with a 52-week range from ₹488 to ₹1097, indicating market uncertainty and potential investment risk for shareholders if the trend continues.
A gradual downward trend in promoter shareholding is observed, from 69.57% in Sep 2022 to 67.69% in Sep 2025, which might signal potential concerns about long-term commitment or future dilution.
Intense competition from established players and new fintech entrants in the financial services sector could pressure margins and market share, impacting profitability.
What would change my mind.
Trim if P/E re-rates above 35 (~2.0× the sector multiple of 17.7). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 164.92. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 11%. The operating engine is no longer compounding capital efficiently.
Motilal Oswal Financial Services Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Motilal Oswal Financial Services Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Motilal Oswal Financial Services Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Motilal Oswal Financial Services Ltd — derived from the live tape, not yesterday's close.
Motilal Oswal Financial Services Ltd last traded at ₹888.45 with an intraday range of ₹854.45–₹890.6 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹888.45| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 973.52 | +85.07 | +9.57% |
| R3 | 937.37 | +48.92 | +5.51% |
| R2 | 913.98 | +25.53 | +2.87% |
| R1 | 901.22 | +12.77 | +1.44% |
| PIVOT | 877.83 | -10.62 | -1.19% |
| CURRENT | 888.45 | — | — |
| S1 | 792.77 | -95.68 | -10.77% |
| S2 | 828.92 | -59.53 | -6.70% |
| S3 | 841.68 | -46.77 | -5.26% |
| S4 | 865.07 | -23.38 | -2.63% |
MOTILALOFS is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 854.45 ~ 880.95
Trading Above opening range, showing Bullishness
Motilal Oswal Financial Services Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Motilal Oswal Financial Services Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Motilal Oswal Financial Services Ltd stood at 15.9% of traded volume, against a 20-day average of 36.7%.
Motilal Oswal Financial Services announcements: results, concalls, ratings, M&A.
Filings Motilal Oswal Financial Services sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Motilal Oswal Financial Services files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 140 documents below.
- 06 May 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsView PDF
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Intimation regarding Letter of Appointment issued to Motilal Oswal Asset Management Company Limited, a Material Wholly-Owned Subsidiary Company, to…
General Updates
Motilal Oswal Financial Services Limited has informed the Exchange about Intimation of submission of Application for Reclassification of certain…
Analysts/Institutional Investor Meet/Con. Call Updates
Motilal Oswal Financial Services Limited has informed the Exchange about Link of Recording
ESOP/ESOS/ESPS
Motilal Oswal Financial Services Limited has informed the Exchange regarding Grant of 2346452 Options.
General Updates
Motilal Oswal Financial Services Limited has informed the Exchange about approval of the amendment to the Code of Practices and Procedures for Fair…
Investor decks & rating reports.
Press Release
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Motilal Oswal Financial Services dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Motilal Oswal Financial Services has declared, sequenced by announce and record date.
Motilal Oswal Financial Services corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Motilal Oswal Financial Services Ltd: business, sector, key facts.
What Motilal Oswal Financial Services Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Motilal Oswal Financial Services Ltd operates in the Financial Services, listed as NSE: MOTILALOFS, BSE: 532892.
Motilal Oswal Financial Services Ltd
Motilal Oswal Financial Services Limited (MOFSL) is a prominent financial services company operating within India. Their business model is multifaceted, encompassing various segments to cater to a diverse clientele. The core of their operations revolves around providing a comprehensive suite of financial products and services to both individual and institutional investors.
A significant portion of MOFSL's business comes from its capital market activities. This includes a robust broking and distribution network offering access to a wide range of investment options. These options span equities, derivatives, commodities, currencies, mutual funds, and insurance products. They also provide crucial support services such as depository participation and portfolio management, catering to diverse investor needs and risk profiles.
Beyond basic brokerage, MOFSL caters to high-net-worth individuals (HNIs) through specialized private wealth management services. This segment offers sophisticated financial planning, encompassing equity investments, alternative investments, credit solutions, estate planning, and property advisory. The company further extends its reach into the institutional market, offering institutional broking services (cash and derivatives), private equity services, and investment banking advisory and transaction services.
The company's activities also extend into asset management and advisory, playing a key role in managing investment portfolios and providing expert financial guidance. Their services here include the management of mutual funds and the provision of advisory services for various clients. Finally, MOFSL is involved in home finance, offering home loans as another facet of their diverse financial services offerings.
In summary, Motilal Oswal Financial Services Limited's business model is characterized by its breadth and depth of services. They cater to a wide range of clients from individual investors to large institutional clients, offering a comprehensive and integrated approach to financial services in the Indian market. Their long history, starting in 1987, speaks to their experience and established position within the industry.
Questions investors ask about Motilal Oswal Financial Services Ltd (MOTILALOFS).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Motilal Oswal Financial Services Ltd (MOTILALOFS)?
The current share price of Motilal Oswal Financial Services Ltd (MOTILALOFS) is ₹888.45. Today, the stock has gained by ₹56.85 (6.84%), trading in a range of ₹854.45 to ₹890.6. The stock opened at ₹854.7 with a trading volume of 31,69,428 shares.
02Is Motilal Oswal Financial Services Ltd stock a good investment for long-term?
Motilal Oswal Financial Services Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹53,499.34 crores, P/E ratio of 27.04, ROE of 15.55%, and ROCE of 18.70%. The dividend yield stands at 1.24%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Motilal Oswal Financial Services Ltd stock?
The 52-week high price of Motilal Oswal Financial Services Ltd (MOTILALOFS) is ₹0, while the 52-week low is ₹0. Currently trading at ₹888.45, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Motilal Oswal Financial Services Ltd stock at the current price?
Whether to buy Motilal Oswal Financial Services Ltd stock at ₹888.45 depends on multiple factors. The stock is currently trading with a P/E ratio of 27.04 and P/B ratio of 4.14. Today's performance shows a gain of 6.84%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Motilal Oswal Financial Services Ltd and when is the next dividend?
Motilal Oswal Financial Services Ltd offers a dividend yield of 1.24%, which means for every ₹100 invested at the current price of ₹888.45, you can expect to receive approximately ₹1.24 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Motilal Oswal Financial Services Ltd?
Motilal Oswal Financial Services Ltd's key financial metrics include: P/E Ratio: 27.04, P/B Ratio: 4.14, ROE: 15.55%, ROCE: 18.70%, Dividend Yield: 1.24%, EPS: ₹32.87, Book Value: ₹214.92, and Debt-to-Equity: 164.42. The company's market cap stands at ₹53,499.34 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Motilal Oswal Financial Services Ltd stock performing today in the market?
Motilal Oswal Financial Services Ltd stock opened at ₹854.7 and is currently trading at ₹888.45, showing a gain of ₹56.85 (6.84%). The intraday high is ₹890.6 and low is ₹854.45. The trading volume stands at 31,69,428 shares, indicating strong market participation today.
08What is the P/E ratio of Motilal Oswal Financial Services Ltd and what does it indicate?
Motilal Oswal Financial Services Ltd has a Price-to-Earnings (P/E) ratio of 27.04, which means investors are willing to pay ₹27.04 for every ₹1 of earnings. With an EPS of ₹32.87, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Motilal Oswal Financial Services Ltd (MOTILALOFS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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