Motilal Oswal Financial Services
- Market cap
- ₹ 55,715 Cr.
- P/E
- 29.5x
- P/B
- 4.56x
- 52-week range
- 614.9 – 1,090.25
- ROE
- 16%
- ROCE
- 13%
- Dividend yield
- 0.6%
- Debt / equity
- 1.66
- Sector
- Capital Markets
- Industry
- Stockbroking & Allied
- Listed on
- NSE, BSE
About
Motilal Oswal Financial Services Limited is an integrated technology-based financial services company. It offers a range of services including retail and institutional broking and financial product distribution. Its segments include Wealth Management, Capital Markets, Asset and Private Wealth Management, Home finance, and Treasury Investments. The Wealth Management includes broking services. Capital Market activities include broking services to clients, research and advisory services, financial product distribution, depository services, investment banking, and margin trading funding. The Asset and Wealth Management includes fee-based services for management of assets. Home Finance represents interest and other related income from the affordable housing finance business. Treasury Investments include investment and financing activities. It provides financial services, such as brokerage, distribution of investment products, advisory, lending, investment banking and institutional equity.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Stockbroking & Allied: 42 companies →Motilal Oswal Financial Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)29.5 against a typical 20: pricier than most peers (1st = cheapest).28th of 42
- Sales growth+25.2% against a typical +18.8% from a year earlier.16th of 41
- Profit growth+9.5% against a typical +10% from a year earlier.19th of 35
- Share price, 3 months+17.8% against a typical −2.2%.5th of 40
- Size₹ 55,714.9 Cr. market value against a typical ₹ 435.9 Cr. (1st = largest).2nd of 39
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA+ | Stable | 15 Sep 2026 |
| ICRA | [ICRA]AA+ | Stable | 9 Sep 2026 |
| CRISIL | Withdrawn | Stable | 22 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Sep 2026 | ▲ Upgrade1 notch | IND AA → IND AA+ | — | India Ratings | ₹ 1,398.6 Cr. | |
| 9 Sep 2026 | New rating | [ICRA]AA+ | — | ICRA | ₹ 500 Cr. | |
| 1 Sep 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 9,750 Cr. | |
| 22 Jul 2026 | Withdrawn | was Crisil AA+ | — | CRISIL | ₹ 5,750 Cr. | |
| 6 Jul 2026 | Withdrawn | was IND AA | — | India Ratings | ₹ 13,221.6 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results/Fund Raising | Motilal Oswal Financial Services Ltd has informed that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter & half year ended September 30, 2026 and Issuance of Non-Convertible Debentures by way of Public Issue/Private Placement in one or more tranches |
| 23 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 Apr 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 27 Jan 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for quarter and nine months ended December 31, 2025, dividend and other business matters |
| 30 Oct 2025 | Financial Results | To consider and approve Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended September 30, 2025. |
| 24 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 25 Apr 2025 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended March 31, 2025 and Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,655 | 1,791 | 2,154 | 2,314 | 2,841 | 1,993 | 1,190 | 2,737 | 1,849 | 2,112 | 2,676 | 3,426 |
| Expenses | 740 | 703 | 916 | 926 | 1,025 | 932 | 910 | 1,018 | 1,009 | 1,006 | 2,471 | 1,456 |
| Operating Profit | 915 | 1,089 | 1,238 | 1,388 | 1,816 | 1,061 | 280 | 1,720 | 840 | 1,105 | 205 | 1,970 |
| OPM % | 55% | 61% | 57% | 60% | 64% | 53% | 24% | 63% | 45% | 52% | 8% | 57% |
| Other Income | 1 | 6 | 18 | 19 | 15 | 26 | 18 | 7 | 11 | 8 | 16 | 6 |
| Interest | 241 | 262 | 302 | 327 | 354 | 319 | 298 | 295 | 317 | 336 | 388 | 414 |
| Depreciation | 17 | 24 | 24 | 22 | 23 | 27 | 26 | 26 | 28 | 29 | 28 | 28 |
| Profit before tax | 658 | 809 | 930 | 1,059 | 1,454 | 741 | −27 | 1,406 | 506 | 748 | −194 | 1,534 |
| Tax % | 19% | 18% | 22% | 17% | 23% | 24% | 137% | 18% | 28% | 24% | 13% | 17% |
| Net Profit | 532 | 661 | 725 | 884 | 1,122 | 566 | −63 | 1,163 | 363 | 566 | −219 | 1,274 |
| EPS in Rs | 8.96 | 11.11 | 12.13 | 14.77 | 18.71 | 9.42 | −1.08 | 19.38 | 6.04 | 9.42 | −3.68 | 21.14 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 24%
- 5 Years
- 21%
- 3 Years
- 31%
- TTM
- 15%
- 10 Years
- 27%
- 5 Years
- 7%
- 3 Years
- 26%
- TTM
- −29%
- 10 Years
- 23%
- 5 Years
- 38%
- 3 Years
- 62%
- TTM
- —
- 10 Years
- 22%
- 5 Years
- 22%
- 3 Years
- 23%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Motilal Oswal Financial Services | ₹ 986.10 | ₹ 55,715 Cr. | 29.5x | 4.6x | 16% | — |
| ICICI Prudential Asset Management Company Ltd | ₹ 2,655.00 | ₹ 1,30,928 Cr. | 47.7x | 37.7x | — | 56% |
| HDFC Asset Management Company | ₹ 2,250.00 | ₹ 96,542 Cr. | 39.9x | 12.3x | — | 69.3% |
| Nippon Life India Asset Management | ₹ 922.10 | ₹ 59,010 Cr. | 50.1x | 16.3x | 34.5% | 56.4% |
| Multi Commodity Exchange Of India | ₹ 3,017.00 | ₹ 76,931 Cr. | 52.6x | 16.6x | 37.9% | 57.8% |
| Authum Investment & Infrastructure | ₹ 495.00 | ₹ 41,977 Cr. | 9x | 3.3x | 13.1% | 74% |
Management
- Motilal Oswal
- Chief Executive Officer, Managing Director, Executive Director
- Shalibhadra Shah
- Chief Financial Officer
- Kailash Chandra Purohit
- Group Company Secretary, Compliance Officer
- Navin Agarwal
- Managing Director, Executive Director
- Ajay Kumar Menon
- Whole-Time Director
- Rajat Rajgarhia
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.