Motilal Oswal Financial Services Limited (MOTILALOFS) AI Stock Analysis

• Market Cap: ₹483.64B
• Dividend Yield: 0.57%
• Average Volume (3M): 75.94K
• Price to Earnings (P/E): 23.8
• Beta (1Y): 1.61
• Revenue Growth: -14.24%
• EPS Growth: -40.53%
• Country: IN
• Employees: 13,000
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 6.04
• Shares Outstanding: 601,131,160
• 10 Day Avg. Volume: 44,169
• 30 Day Avg. Volume: 75,943
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹1,124.00 ▲(29.80% 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.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates strong market demand and effective business strategies, enhancing its competitive position.

Operational Efficiency

High operational efficiency reflects effective cost management and resource utilization, contributing to sustained profitability and competitive advantage.

Cash Flow Improvements

Improved cash flow enhances financial flexibility, allowing for reinvestment in growth opportunities and strengthening the company's financial resilience.

Negative Factors

Volatility in Operating Cash Flow

Volatility in cash flow can affect the company's ability to consistently fund operations and investments, posing a risk to financial stability.

Moderate Debt Levels

Moderate debt levels require careful management to avoid financial strain, especially in volatile market conditions, impacting long-term growth.

EPS Decline

A decline in EPS growth suggests potential challenges in maintaining profitability, which could impact investor confidence and future valuations.

Motilal Oswal Financial Services Limited Business Overview & Revenue Model

Company Description

Motilal Oswal Financial Services Limited offers financial services in India. It operates through Broking and Other Related Activities, Fund Based Activities, Asset Management and Advisory, Investment Banking Services, and Home Finance segments. The company offers broking and distribution services, such as equities, derivatives, commodities, currencies, mutual funds, insurance products, and other investment products; primary equity offerings; and depository, portfolio management, and asset management services. It also provides private wealth management services, such as equity, alternate, credit solutions, estate planning, will making, and property advisory services; and home loans. In addition, the company offers institutional broking services, including cash and derivatives; private equity services; and investment banking advisory and transaction solutions, including private placement of equity, mergers and acquisitions advisory, and equity capital markets transactions. 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. Motilal Oswal Financial Services Limited operates as a subsidiary of Passionate Investment Management Private Limited.

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 consistent profitability and growth, backed by efficient operations and effective use of equity. The income statement is particularly strong with high margins, while the balance sheet is stable but requires monitoring of leverage. Cash flow has improved but shows 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	64.22B	70.00B	51.74B	38.19B	36.68B	27.02B
Gross Profit	34.32B	39.29B	27.92B	20.33B	19.53B	14.57B
EBITDA	49.11B	46.23B	41.15B	18.63B	21.16B	19.16B
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: Negative
• Last Price: 865.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 865.95 is above the 20-day moving average (MA) of 854.88, below the 50-day MA of 915.59, and above the 200-day MA of 862.25, indicating a bearish trend. The MACD of -18.19 indicates Negative momentum. The RSI at 37.76 is Neutral, neither overbought nor oversold. The STOCH value of 22.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	76 Outperform	₹560.86B	41.86	―	2.14%	9.15%	0.43%
MOTILALOFS	73 Outperform	₹483.64B	23.82	―	0.57%	-14.24%	-40.53%
ANANDRATHI	73 Outperform	₹261.12B	75.99	―	0.43%	22.46%	30.82%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ABSLAMC	65 Neutral	₹231.59B	23.83	―	3.09%	10.40%	8.23%
UTIAMC	65 Neutral	₹138.88B	23.51	―	2.30%	-9.65%	-30.52%
CDSL	61 Neutral	₹294.63B	62.29	―	0.82%	3.63%	-11.24%

Motilal Oswal Financial Services Limited Corporate Events

Motilal Oswal Financial Services to Issue Rs. 300 Crore in Non-Convertible Debentures

Motilal Oswal Financial Services Limited has announced the issuance of up to 30,000 fully paid, secured, rated, redeemable, listed senior bonds in the form of non-convertible debentures (NCDs) with a face value of Rs. 1,00,000 each, aggregating to Rs. 300 crore. This issuance, approved by the company’s Finance Committee, is set to be conducted on a private placement basis and will be listed on the National Stock Exchange of India Limited. The move is expected to enhance the company’s financial flexibility and strengthen its market position by leveraging secured debt instruments.

Motilal Oswal Financial Services Publishes Postal Ballot Notice

Motilal Oswal Financial Services Limited announced that it has distributed the Postal Ballot Notice and Explanatory Statement to its members via email, as part of its compliance with regulatory requirements. The company also published advertisements regarding this notice in Financial Express and Navshakti newspapers, ensuring transparency and communication with stakeholders.

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.