Motilal Oswal Financial Services Limited
₹937.00-₹53.00 (-5.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹50,300 Cr
- P/E
- 49.9x
- EV / EBITDA
- 23.2x
- Revenue
- ₹5,359 Cr
- Net margin
- 32.7%
- ROCE
- 11.2%
Price chart
Technical chartScreen technicals →-8.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.7%
- 3M
- +11.9%
- 6M
- +16.9%
- 1Y
- -8.6%
- 5Y
- +1.5%
52-week range
Day change -₹53.00 (-5.4%) from ₹990 to ₹937 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MOTILALOFS, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 29.1%
Concerns0
Rule-based from financial data. Not advice.
About the company
Motilal Oswal Financial Services Limited offers financial services in India. It operates through Wealth Management, Capital Markets, Asset and Private Wealth Management, Home Finance, and Treasury Investments segments.
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Motilal Oswal Financial Services Limited offers financial services in India. It operates through Wealth Management, Capital Markets, Asset and Private Wealth Management, Home Finance, and Treasury Investments segments. The company offers broking and distribution services, such as equities, derivatives, commodities, currencies, mutual funds, and insurance products, as well as depository, portfolio management, and asset management services. It also provides private wealth management services, such as equity, alternate, credit, estate planning, and property advisory services; and home finance. In addition, the company offers institutional broking services, including cash and derivatives; private equity services; and investment banking services, including international capital markets, private equity funds, structured finance syndication, mergers and acquisitions advisory, and financial restructuring advisory. It serves high net worth individuals; and mutual funds, foreign institutional investors, financial institutions, and corporate clients. Motilal Oswal Financial Services Limited was founded in 1987 and is headquartered in Mumbai, India.
- Sector
- Financial Services
- Shares outstanding
- 60.1 Cr shares
- ISIN
- INE338I01027
- BSE code
- 532892
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹50,300 Cr
- P/E
- 49.9x
- P/B
- 6.2x
- EV / EBITDA
- 23.2x
- EV / Sales
- 11.9x
- P/S
- 11.0x
- Earnings yield
- 2.0%
- 52-week high
- ₹1,090.55
- 52-week low
- ₹628.05
Profitability
- Operating margin
- 49.3%
- Net margin
- 32.7%
- EBITDA margin
- 51.1%
- ROE
- 19.5%
- ROCE
- 11.2%
- ROA
- 7.1%
- Dividend payout
- 14.0%
- Tax rate
- 17.0%
- Other income, % of PBT
- 4.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,359 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 29.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,331 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 135.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 49.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹498 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -62.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,486 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 50.2%
Solvency and efficiency
- Current ratio
- 2.48
- Debt / Assets
- 0.32
- Debt / EBITDA
- 2.91
- Financial leverage
- 3.53
- CFO / Net profit
- -0.33
- Cash / Market cap
- 29.5%
- Cash per share
- ₹246.59
- Asset turnover
- 0.22
- Fixed asset turnover
- 7.94
- Capital intensity
- 0.13
- Debtor days
- 117 days
- Cash conversion cycle
- 117 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹26 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,850 Cr |
| Sales | Operating profit | ₹2,509 Cr |
| Operating profit | Interest | ₹812 Cr |
| Operating profit | Depreciation | ₹87 Cr |
| Operating profit | Profit before tax | ₹1,610 Cr |
| Other income | Profit before tax | ₹119 Cr |
| Profit before tax | Tax and other | ₹337 Cr |
| Profit before tax | Net profit | ₹1,391 Cr |
Revenue and net profit
Revenue grew 17.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,198 Cr | ₹751 Cr |
| FY2022 | ₹2,579 Cr | ₹707 Cr |
| FY2023 | ₹2,666 Cr | ₹569 Cr |
| FY2024 | ₹4,563 Cr | ₹1,490 Cr |
| FY2025 | ₹5,359 Cr | ₹1,391 Cr |
Cash flows
FY2025: ₹607 Cr from operations, ₹273 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹660 Cr | -₹549 Cr |
| FY2022 | ₹879 Cr | ₹522 Cr |
| FY2023 | -₹1,332 Cr | -₹1,302 Cr |
| FY2024 | -₹498 Cr | -₹985 Cr |
| FY2025 | ₹607 Cr | ₹273 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,359 Cr+17.4%1Y
- Net profit
- ₹1,391 Cr-6.6%1Y
- Cash from operations
- ₹607 Cr
- Free cash flow
- ₹273 Cr
- Revenue CAGR, 5Y
- 29.1%
- EBITDA CAGR, 5Y
- 45.9%
- Net profit CAGR, 5Y
- 49.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,359 Cr | ₹2,509 Cr | — | ₹1,391 Cr | ₹607 Cr | ₹273 Cr | 19.5% | +17.4% | -6.6% |
Monthly returns
Month-by-month returns of MOTILALOFS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹22,321 Cr |
| Equity capital | ₹60 Cr |
| Reserves | ₹7,057 Cr |
| Borrowings | ₹8,757 Cr |
| Other liabilities | ₹6,447 Cr |
| Assets | ₹22,321 Cr |
| Fixed assets | ₹716 Cr |
| Capital work in progress | ₹31 Cr |
| Investments | ₹6,418 Cr |
| Other assets | ₹15,155 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MOTILALOFS trades at 49.9x earnings against a peer median of 26.9x (a 86% premium).
Not shown (no positive earnings and no EV / Sales): Max Financial Services Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Motilal Oswal Financial Services LimitedMOTILALOFSthis companyP/E ↑ premium | ₹50,300 Cr | 49.9x | 6.2x | 19.5% | 23.2x |
| Multi Commodity Exchange of India LtdMCX | ₹58,489 Cr | 109.0x | 28.0x | 21.5% | 556.5x |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITEDNAM-INDIA | ₹56,918 Cr | 43.3x | 13.6x | 31.2% | 42.8x |
| Max Financial Services LimitedMFSL | ₹56,813 Cr | — | 8.4x | -0.1% | -5680.1x |
| Authum Investment & Infrastructure LimitedAIIL | ₹56,712 Cr | 14.1x | 3.5x | 29.1% | 19.1x |
| Mahindra & Mahindra Financial Services LimitedM&MFIN | ₹50,385 Cr | 19.7x | 2.2x | — | — |
| Bank of maharashtraMAHABANK | ₹49,987 Cr | 7.7x | 1.5x | 19.4% | — |
| 360 ONE WAM LIMITED360ONE | ₹46,063 Cr | 156.0x | 6.3x | 6.1% | 55.9x |
| Housing &Urban Development Corporation Ltd.HUDCO | ₹43,063 Cr | 15.4x | 2.4x | 15.1% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
MOTILALOFS since 1 January, against earlier years.
Historical volatility
MOTILALOFS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 50.0% |
| FY2022 | 40.0% |
| FY2023 | 36.0% |
| FY2024 | 49.0% |
| FY2025 | 47.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,359 Cr |
| Costs | |
| Interest | ₹812 Cr |
| Expenses | ₹2,851 Cr |
| Operating profitOperating Profit | ₹2,509 Cr |
| Other income and charges | |
| Profit before tax | ₹1,728 Cr |
| Tax | |
| Net profitNet Profit | ₹1,391 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹22,321 Cr |
| Equity capitalEquity Capital | ₹60 Cr |
| Reserves | ₹7,057 Cr |
| Borrowings | ₹8,757 Cr |
| Other liabilitiesOther Liabilities | ₹6,447 Cr |
| AssetsTotal Assets | ₹22,321 Cr |
| Fixed assetsFixed Assets | ₹716 Cr |
| Capital work in progressCWIP | ₹31 Cr |
| Investments | ₹6,418 Cr |
| Other assetsOther Assets | ₹15,155 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹607 Cr |
| Investing cash flowCash from Investing Activity | -₹334 Cr |
| Financing cash flowCash from Financing Activity | ₹2,213 Cr |
| Change in cashNet Cash Flow | ₹2,486 Cr |
Learn while you research
Academy chapters picked for Motilal Oswal Financial Services Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 49.9, learn when high multiples are justified.6 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read