Motilal Oswal Financial Services Limited (MOTILALOFS) AI Stock Analysis

• Market Cap: ₹654.89B
• Dividend Yield: 0.5%
• Average Volume (3M): 58.66K
• Price to Earnings (P/E): 23.5
• Beta (1Y): 1.51
• Revenue Growth: 11.16%
• EPS Growth: -1.15%
• Country: IN
• Employees: 13,000
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 19.38
• Shares Outstanding: 600,509,200
• 10 Day Avg. Volume: 48,679
• 30 Day Avg. Volume: 58,662
• PEG Ratio: 8.77
• Price to Book (P/B): 3.22
• Price to Sales (P/S): 5.10
• P/FCF Ratio: 38.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,063.00
• Price Target Upside: 5.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: ₹1,124.00 ▲(11.91% Upside)

Motilal Oswal Financial Services is rated positively due to its strong financial performance, characterized by robust profitability and growth. Technical analysis supports a bullish outlook with positive price momentum. However, the valuation suggests the stock may be overvalued, which could limit upside potential. The absence of earnings call and corporate events data means these factors do not influence the score.

Motilal Oswal Financial Services Limited Business Overview & Revenue Model

Company Description

Motilal Oswal Financial Services Limited (MOTILALOFS) is a prominent financial services firm based in India, providing a wide range of services including retail and institutional broking, wealth management, asset management, private equity, and investment banking. Established in 1987, the company has diversified its operations across various sectors of the financial market, catering to both individual and corporate clients with innovative financial solutions and a robust digital platform.

How the Company Makes Money

Motilal Oswal Financial Services generates revenue through multiple streams. The primary sources of income include brokerage fees from retail and institutional trading, management fees from asset management services, and advisory fees from investment banking activities. Additionally, the company earns interest income from its financing activities and investments in securities. Key partnerships with technology firms enhance its trading platforms and customer experience, while a strong brand presence and customer loyalty contribute to a stable revenue base. The firm also benefits from market volatility, as heightened trading activity can lead to increased brokerage revenues.

Motilal Oswal Financial Services Limited Financial Statement Overview

Summary

Motilal Oswal Financial Services exhibits strong financial health with robust revenue and profit growth, effective cost management, and solid operational efficiency. The balance sheet is stable with a moderate debt-to-equity ratio, and the cash flow position is improving despite some historical volatility.

Income Statement

Motilal Oswal Financial Services has demonstrated robust revenue and profit growth over the years. The Gross Profit Margin and Net Profit Margin have remained strong, indicating effective cost management. The company achieved a high EBIT and EBITDA margin, suggesting strong operational efficiency.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, which is typical for financial firms but worth monitoring. Return on Equity is impressive, reflecting efficient use of shareholder funds. A solid Equity Ratio indicates a stable financial structure.

Cash Flow

The cash flow position has seen improvements, with positive free cash flow growth in the latest year, although historical volatility in operating cash flow should be noted. The Operating Cash Flow to Net Income ratio highlights adequate cash generation relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	62.60B	70.00B	51.74B	38.19B	36.68B	31.34B
Gross Profit	38.34B	39.29B	46.40B	34.15B	19.53B	22.10B
EBITDA	46.23B	46.23B	40.91B	18.94B	21.31B	20.29B
Net Income	27.82B	25.02B	24.41B	9.32B	13.10B	12.60B
Balance Sheet
Total Assets	0.00	339.87B	318.29B	230.10B	169.23B	141.17B
Cash, Cash Equivalents and Short-Term Investments	0.00	104.98B	127.51B	88.37B	39.79B	24.42B
Total Debt	0.00	147.32B	138.87B	102.76B	61.52B	56.93B
Total Liabilities	-111.31B	228.56B	230.60B	167.27B	112.23B	96.29B
Stockholders Equity	111.31B	110.79B	87.32B	62.52B	56.74B	44.61B
Cash Flow
Free Cash Flow	0.00	9.30B	-5.00B	-32.25B	9.56B	8.65B
Operating Cash Flow	0.00	12.15B	-3.50B	-30.58B	10.11B	9.29B
Investing Cash Flow	0.00	-10.77B	-2.47B	-2.87B	-4.47B	-2.73B
Financing Cash Flow	0.00	7.45B	33.06B	37.84B	2.82B	8.61B

Motilal Oswal Financial Services Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1004.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOTILALOFS, the sentiment is Positive. The current price of 1004.4 is above the 20-day moving average (MA) of 987.20, above the 50-day MA of 945.26, and above the 200-day MA of 802.68, indicating a bullish trend. The MACD of 31.67 indicates Negative momentum. The RSI at 54.01 is Neutral, neither overbought nor oversold. The STOCH value of 65.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MOTILALOFS.

Motilal Oswal Financial Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NAM.INDIA	―	₹605.45B	42.93	―	1.98%	19.78%	11.11%
MOTILALOFS	―	₹654.89B	23.47	―	0.50%	11.16%	-1.15%
ABSLAMC	―	₹248.71B	25.57	―	3.07%	10.40%	8.23%
ANANDRATHI	―	₹259.10B	75.40	―	0.42%	22.46%	30.82%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
UTIAMC	―	₹171.71B	30.52	―	1.99%	-9.65%	-30.52%
CDSL	―	₹334.36B	68.06	―	0.77%	18.35%	3.14%

Motilal Oswal Financial Services Limited Corporate Events

Motilal Oswal Ensures Compliance with SEBI Regulations for Q3 2025

Motilal Oswal Financial Services Limited has submitted a Confirmation Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2025. This certificate, issued by MUFG Intime India Private Limited, confirms that securities received for dematerialization were processed and listed on stock exchanges, ensuring compliance with regulatory requirements. This announcement underscores the company’s commitment to maintaining regulatory compliance and transparency in its operations, which is crucial for its reputation and trust among stakeholders.

Motilal Oswal Subsidiary Acquires Stake in IL JIN Electronics

Motilal Oswal Financial Services Limited’s wholly-owned subsidiary has entered into a definitive agreement to acquire 169,018 compulsorily convertible preference shares of IL JIN Electronics (India) Private Limited for approximately ₹110 Crore. IL JIN operates in the Electronics Manufacturing Services industry, primarily dealing with printed circuit boards and assemblies. This acquisition is part of MOFSL’s treasury investment strategy aimed at generating sustainable, long-term returns, and is conducted at arm’s length, with no related party transactions involved.

Motilal Oswal Subsidiary Acquires Stake in Kusumgar Limited

Motilal Oswal Financial Services Limited’s wholly owned subsidiary has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited for approximately ₹100 Crore. This acquisition, which is part of the company’s treasury investment strategy, aims to generate sustainable, long-term returns. Kusumgar Limited, a company in the textile industry, specializes in manufacturing synthetic engineered fabrics, with a focus on high-performance materials. The acquisition is not a related party transaction and is conducted at arm’s length, indicating no direct interest from the promoter group.

Motilal Oswal Financial Services Allots Rs. 500 Crore in Non-Convertible Debentures

Motilal Oswal Financial Services Limited has announced the allotment of 50,000 fully paid, secured, rated, redeemable, listed senior bonds in the form of non-convertible debentures, each with a face value of Rs. 1,00,000, totaling Rs. 500 Crore. This strategic financial move is aimed at strengthening the company’s capital structure and enhancing its market position, potentially impacting stakeholders by providing a secure investment opportunity through the listed bonds on BSE.