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Not investment advice. Data and computed figures, for information only.

Motilal Oswal Financial Services Ltd

NSE: MOTILALOFSF&O
₹1,062.95
+₹23.45 (+2.26%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹61,865 Cr
CMP
₹1,062.95
52-wk High / Low
₹1,097 / 615
P/E
31.2
P/B
4.8
Book Value
₹214.0
Div Yield
0.58%
ROCE
13.0%
ROE
15.5%
Face Value
₹1
D/E
1.65

Price+9.9% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹387
√(22.5 × EPS × book value per share)
ROIC
8.4%
vs 10.0% sector median
Cash flow to profit
−3.24
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−534
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.7%
ROE × earnings retention ratio
ROE stability
5.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.34FII −0.17DII +0.76
Latest quarter vs the previous one
Cash-accrual divergence
20.5%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Price is within 10% of its 52-week high (-3.1%)
+FII holding rose by 0.4pp over the last year
Watch-outs
−Borrowings are up 721.0% since FY2016 (2589 to 21255)
−Promoter holding fell by 2.5pp over the last year
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 20.5% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5021,6551,7912,1542,3142,8411,9931,1902,7371,8492,1122,6763,426
Expenses6647407039169261,0259329101,0181,0091,0062,4711,456
Operating Profit8379151,0891,2381,3881,8161,0612801,7208401,1052051,970
OPM %55.7%55.3%60.8%57.5%60.0%63.9%53.2%23.5%62.8%45.4%52.3%7.7%57.5%
Other Income321618191526187118166
Interest216241262302327354319298295317336388414
Depreciation17172424222327262628292828
Profit before tax6366588099301,0591,454741−271,406506748−1941,534
Net Profit5285326617258841,122566−631,163363566−2191,274
EPS (₹)8.908.9611.1112.1314.7718.719.42−1.0819.386.049.42−3.6821.14

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7721,0801,9232,7512,4502,3583,6264,2984,1787,0698,3409,38110,063
Expenses5166479151,3571,5431,5461,6102,1782,3013,0023,7945,5045,943
Operating Profit2564321,0081,3949078122,0162,1201,8774,0674,5463,8774,120
OPM %33.2%40.0%52.4%50.7%37.0%34.4%55.6%49.3%44.9%57.5%54.5%41.3%40.9%
Other Income11−271128−80221961784242
Interest311744425285174944304785961,0141,2981,3361,456
Depreciation3135333724404848588399111112
Profit before tax1962255068293782851,4581,6161,2423,0323,2262,4722,593
Net Profit1451723716322981901,2651,3129352,4462,5081,8721,983
EPS (₹)2.562.976.2310.725.043.1021.4921.9715.7440.9641.7431.0632.92

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital141414151515151515156060—
Reserves1,2811,4221,7722,8713,0393,0714,4475,6596,2378,71711,01912,828—
Borrowings7952,5895,0675,3235,1584,6275,6936,15210,27813,78714,73221,255—
Other Liabilities8551,0641,5862,2022,1492,3703,8875,0336,4199,2528,1069,258—
Total Liabilities2,9455,0908,43910,41110,36010,08414,04116,86022,94931,77133,91643,401—
Fixed Assets300292294300302333350357466603754769—
CWIP0000000000115115—
Investments8141,2311,7672,8072,6863,0883,9224,6854,7876,5018,85110,299—
Other Assets1,8313,5666,3787,3047,3726,6629,76911,81817,69624,66724,19732,218—
Total Assets2,9455,0908,43910,41110,36010,08414,04116,86022,94931,77133,91643,401—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−98−1,242−1,980248195952−1391,011−3,058−3501,215−6,071
Cash from Investing Activity−606−380−314−15714−353−273−447−274−247−1,077−958
Cash from Financing Activity7471,7182,420−98−141−1298612823,7703,3067456,154
Net Cash Flow4496125−7684704498454392,709882−875

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.013.018.018.011.010.022.019.013.021.019.013.0
ROE %———————————15.5
EPS (₹)2.562.976.2310.725.043.1021.4921.9715.7440.9641.7431.06
Book Value (₹)———————————214.0
Face Value (₹)———————————1
P/E———————————31.2
Div Yield %———————————0.58
NPM %18.815.919.623.012.18.035.730.422.334.329.819.9
OPM %33.040.052.051.037.034.056.049.045.058.055.041.0
D/E0.611.802.841.841.691.501.281.081.641.581.331.65
P/B———————————4.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+24.0%
5 years+21.0%
3 years+31.0%
TTM+15.0%
Compounded profit growth
10 years+27.0%
5 years+7.0%
3 years+26.0%
TTM−29.0%
Stock price CAGR
10 years+23.0%
5 years+35.0%
3 years+60.0%
Last year+6.0%
Return on equity
10 years22.0%
5 years22.0%
3 years23.0%
Last year16.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.86%70.86%70.55%70.29%69.76%70.66%69.50%69.68%69.16%68.45%67.54%67.20%
FIIs12.48%12.48%15.25%13.31%9.77%9.44%10.08%6.47%6.73%6.01%7.03%6.86%
DIIs1.54%1.54%0.35%1.55%4.56%4.51%3.63%6.28%6.94%5.71%6.02%6.78%
Government————————————
Public15.12%15.12%13.85%14.86%15.90%15.39%16.78%17.58%17.16%19.83%19.40%19.15%
No. of shareholders14,72714,72729,09432,19133,10639,75970,57569,66367,2312,87,3312,41,9612,25,318
Change since Jun 2023 (pp)
Promoters −3.66FIIs −5.62DIIs +5.24Public +4.03

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-AllotmentAnnouncement under Regulation 30 (LODR)-Issue of SecuritiesAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseReceipt Of Approval From The SEBI To Act As A Custodian Of Securities - Motilal Oswal Custodial Services Private Limited, Wholly-Owned Subsidiary Of The Company
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingApr 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingJan 2026PPT

Corporate actions

As of 30 Jan 2026
30 Jan 2026DIVIDENDInterim Dividend - Rs 6 Per Share—
31 Jan 2025DIVIDENDInterim Dividend - Rs 5 Per Sh—
10 Jun 2024BONUSBonus 3:1—
6 Feb 2024DIVIDENDInterim Dividend - Rs 14 Per Share—
4 Jul 2023DIVIDENDDividend - Rs 3 Per Share—
3 Feb 2023DIVIDENDInterim Dividend - Rs 7 Per Share—
1 Jul 2022DIVIDENDDividend - Rs 3 Per Share—
3 Feb 2022DIVIDENDInterim Dividend - Rs 7 Per Share—
2 Aug 2021DIVIDEND Dividend - Rs 5 Per Share—
8 Feb 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
31 Jan 2020DIVIDEND Interim Dividend-Rs 4 Per Share—
24 Jul 2019DIVIDEND Dividend - Rs 4.50 Per Sh—
25 Jan 2019DIVIDEND Interim Dividend - Rs 4 Per Share—
19 Sep 2018DIVIDEND Dividend- Rs 4.50 Per Share—
5 Feb 2018DIVIDEND Interim Dividend - Rs 4 Per Share—
20 Jul 2017DIVIDEND Dividend - Rs 3 Per Share—
8 Feb 2017DIVIDEND Interim Dividend Rs 2.50 Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Rs 1.50/- Per Share—
11 Feb 2016DIVIDEND Interim Dividend - Rs 2/- Per Share—
30 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Re 1/- Per Share—
5 Feb 2015DIVIDENDInterim Dividend - Rs 2/- Per Share (Purpose Revised)—
13 Aug 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 1/- Per Share—
31 Oct 2013DIVIDENDInterim Dividend Re 1 Per Share (Purpose Revised)—
18 Jul 2013DIVIDENDAnnual General Meeting / Dividend - Re 1/- Per Share—
23 Oct 2012DIVIDENDInterim Dividend Re 1 Per Share (Purpose Revised)—
16 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs. 0.50 Per Share—
20 Jan 2012DIVIDENDInterim Dividend Re.1/- Per Share (Purpose Revised)—
11 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.40 Per Share—
14 Jul 2010DIVIDENDAnnual General Meeting And Dividend Rs.1.20 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman