Motilal Oswal Financial Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 9:28 pm

Market Cap	36,750 Cr.
Current Price	613
High / Low	1,064/442
Stock P/E	11.2
Book Value	185
Dividend Yield	0.82 %
ROCE	20.7 %
ROE	32.6 %
Face Value	1.00
PEG Ratio	0.54

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Motilal Oswal Financial Services Ltd

Competitors of Motilal Oswal Financial Services Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
My Money Securities Ltd	42.8 Cr.	25.5	69.2/0.00	4.10	18.5	0.00 %	12.0 %	11.3 %	10.0
Nam Securities Ltd	52.4 Cr.	97.1	198/92.5	187	21.2	0.00 %	4.16 %	3.05 %	10.0
ICDS Ltd	61.6 Cr.	43.9	76.2/32.5	70.0	22.2	0.00 %	9.12 %	7.69 %	10.0
HCKK Ventures Ltd	61.1 Cr.	165	165/77.4	291	11.6	0.00 %	8.17 %	6.44 %	10.0
Ujjivan Financial Services Ltd	7,179 Cr.	590	593/511	8.75	299	0.59 %	10.3 %	32.1 %	10.0
Industry Average	16,468.95 Cr	1,632.08		42.97	4,559.44	0.41%	9.56%	11.97%	7.88

All Competitor Stocks of Motilal Oswal Financial Services Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,025	1,051	754	1,321	1,076	1,027	1,502	1,655	1,791	2,152	2,312	2,838	1,999
Expenses	577	559	553	576	588	584	664	740	703	915	920	1,025	932
Operating Profit	448	493	201	744	488	444	837	915	1,089	1,238	1,393	1,813	1,067
OPM %	44%	47%	27%	56%	45%	43%	56%	55%	61%	58%	60%	64%	53%
Other Income	9	1	4	4	5	6	32	1	6	11	5	11	4
Interest	144	112	111	126	169	190	216	241	262	295	318	347	303
Depreciation	13	11	13	16	17	13	17	17	24	24	22	23	27
Profit before tax	301	370	81	607	307	247	636	658	809	930	1,059	1,454	741
Tax %	20%	18%	61%	16%	26%	33%	17%	19%	18%	22%	17%	23%	24%
Net Profit	240	303	32	510	227	165	528	532	661	725	884	1,122	566
EPS in Rs	4.07	5.02	0.52	8.62	3.83	2.78	8.90	8.96	11.11	12.13	14.77	18.71	9.42

Last Updated: February 28, 2025, 6:21 pm

Below is a detailed analysis of the quarterly data for Motilal Oswal Financial Services Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,999.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,838.00 Cr. (Sep 2024) to ₹1,999.00 Cr., marking a decrease of 839.00 Cr..
For Expenses, as of Dec 2024, the value is ₹932.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,025.00 Cr. (Sep 2024) to ₹932.00 Cr., marking a decrease of 93.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹1,067.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,813.00 Cr. (Sep 2024) to ₹1,067.00 Cr., marking a decrease of 746.00 Cr..
For OPM %, as of Dec 2024, the value is 53.00%. The value appears to be declining and may need further review. It has decreased from 64.00% (Sep 2024) to 53.00%, marking a decrease of 11.00%.
For Other Income, as of Dec 2024, the value is ₹4.00 Cr.. The value appears to be declining and may need further review. It has decreased from 11.00 Cr. (Sep 2024) to ₹4.00 Cr., marking a decrease of 7.00 Cr..
For Interest, as of Dec 2024, the value is ₹303.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 347.00 Cr. (Sep 2024) to ₹303.00 Cr., marking a decrease of 44.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹27.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23.00 Cr. (Sep 2024) to ₹27.00 Cr., marking an increase of 4.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹741.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,454.00 Cr. (Sep 2024) to ₹741.00 Cr., marking a decrease of 713.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be increasing, which may not be favorable. It has increased from 23.00% (Sep 2024) to 24.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹566.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,122.00 Cr. (Sep 2024) to ₹566.00 Cr., marking a decrease of 556.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 9.42. The value appears to be declining and may need further review. It has decreased from 18.71 (Sep 2024) to 9.42, marking a decrease of 9.29.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:27 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	473	467	772	1,080	1,923	2,751	2,450	2,358	3,626	4,298	4,178	7,069	9,301
Expenses	259	326	516	647	915	1,357	1,543	1,546	1,610	2,178	2,301	3,002	3,791
Operating Profit	213	141	256	432	1,008	1,394	907	812	2,016	2,120	1,877	4,067	5,510
OPM %	45%	30%	33%	40%	52%	51%	37%	34%	56%	49%	45%	58%	59%
Other Income	-21	-54	1	1	-27	1	12	8	-80	18	19	61	31
Interest	5	3	31	174	442	528	517	494	430	475	596	1,014	1,262
Depreciation	26	24	31	35	33	37	24	40	48	48	58	83	96
Profit before tax	162	59	196	225	506	829	378	285	1,458	1,616	1,242	3,032	4,183
Tax %	32%	30%	27%	27%	28%	25%	25%	24%	18%	19%	25%	19%
Net Profit	110	42	145	172	371	632	298	190	1,265	1,312	935	2,446	3,296
EPS in Rs	1.88	0.72	2.56	2.97	6.23	10.72	5.04	3.10	21.49	21.97	15.74	40.96	55.03
Dividend Payout %	27%	70%	29%	29%	22%	20%	42%	32%	12%	11%	16%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-61.82%	245.24%	18.62%	115.70%	70.35%	-52.85%	-36.24%	565.79%	3.72%	-28.73%	161.60%
Change in YoY Net Profit Growth (%)	0.00%	307.06%	-226.62%	97.08%	-45.35%	-123.20%	16.61%	602.03%	-562.07%	-32.45%	190.34%

Motilal Oswal Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	31%
5 Years:	24%
3 Years:	25%
TTM:	56%

Compounded Profit Growth
10 Years:	42%
5 Years:	53%
3 Years:	22%
TTM:	75%

Stock Price CAGR
10 Years:	23%
5 Years:	39%
3 Years:	40%
1 Year:	35%

Return on Equity
10 Years:	22%
5 Years:	24%
3 Years:	25%
Last Year:	33%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 3:14 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15	14	14	14	14	15	15	15	15	15	15	15	60
Reserves	1,203	1,156	1,281	1,422	1,772	2,871	3,039	3,071	4,447	5,659	6,237	8,717	11,010
Borrowings	0	0	795	2,589	5,067	5,323	5,158	4,627	5,693	6,152	10,278	13,787	15,580
Other Liabilities	555	677	855	1,064	1,586	2,202	2,149	2,370	3,887	5,033	6,419	9,252	10,403
Total Liabilities	1,773	1,848	2,945	5,090	8,439	10,411	10,360	10,084	14,041	16,860	22,949	31,771	37,053
Fixed Assets	311	307	300	292	294	300	302	333	350	357	466	603	671
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	148	293	814	1,231	1,767	2,807	2,686	3,088	3,922	4,685	4,787	6,501	8,596
Other Assets	1,314	1,248	1,831	3,566	6,378	7,304	7,372	6,662	9,769	11,818	17,696	24,667	27,786
Total Assets	1,773	1,848	2,945	5,090	8,439	10,411	10,360	10,084	14,041	16,860	22,949	31,771	37,053

Below is a detailed analysis of the balance sheet data for Motilal Oswal Financial Services Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹60.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Mar 2024) to ₹60.00 Cr., marking an increase of 45.00 Cr..
For Reserves, as of Sep 2024, the value is ₹11,010.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,717.00 Cr. (Mar 2024) to ₹11,010.00 Cr., marking an increase of 2,293.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹15,580.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 13,787.00 Cr. (Mar 2024) to ₹15,580.00 Cr., marking an increase of 1,793.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹10,403.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,252.00 Cr. (Mar 2024) to ₹10,403.00 Cr., marking an increase of 1,151.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹37,053.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 31,771.00 Cr. (Mar 2024) to ₹37,053.00 Cr., marking an increase of 5,282.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹671.00 Cr.. The value appears strong and on an upward trend. It has increased from 603.00 Cr. (Mar 2024) to ₹671.00 Cr., marking an increase of 68.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹8,596.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,501.00 Cr. (Mar 2024) to ₹8,596.00 Cr., marking an increase of 2,095.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹27,786.00 Cr.. The value appears strong and on an upward trend. It has increased from 24,667.00 Cr. (Mar 2024) to ₹27,786.00 Cr., marking an increase of 3,119.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹37,053.00 Cr.. The value appears strong and on an upward trend. It has increased from 31,771.00 Cr. (Mar 2024) to ₹37,053.00 Cr., marking an increase of 5,282.00 Cr..

However, the Borrowings (15,580.00 Cr.) are higher than the Reserves (₹11,010.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-33	140	-98	-1,242	-1,980	248	195	952	-139	1,011	-3,058	-350
Cash from Investing Activity +	-59	4	-606	-380	-314	-157	14	-353	-273	-447	-274	-247
Cash from Financing Activity +	-26	-90	747	1,718	2,420	-98	-141	-129	861	282	3,770	3,306
Net Cash Flow	-119	55	44	96	125	-7	68	470	449	845	439	2,709

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	213.00	141.00	-539.00	430.00	-4.00	-4.00	902.00	808.00	-3.00	-4.00	-9.00	-9.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	337	377	279	240	239	138	226	115	92	85	90	99
Inventory Days
Days Payable
Cash Conversion Cycle	337	377	279	240	239	138	226	115	92	85	90	99
Working Capital Days	428	313	154	-50	-30	-126	-48	-189	-206	-279	-402	-329
ROCE %	13%	10%	14%	13%	18%	18%	11%	10%	22%	19%	13%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	69.50%	69.50%	69.57%	69.46%	69.68%	69.66%	69.53%	69.39%	69.16%	69.04%	68.86%	68.71%
FIIs	10.08%	9.80%	9.29%	7.35%	6.47%	6.41%	6.29%	6.48%	6.73%	6.46%	6.34%	5.88%
DIIs	3.63%	4.02%	5.01%	5.95%	6.28%	6.11%	6.29%	6.76%	6.94%	6.06%	6.41%	6.39%
Public	16.78%	16.67%	16.12%	17.22%	17.58%	17.84%	17.90%	17.36%	17.16%	18.42%	18.39%	19.01%
No. of Shareholders	70,575	91,816	66,605	70,230	69,663	68,944	63,583	61,732	67,231	1,35,984	1,63,551	2,26,754

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Parag Parikh Flexi Cap Fund	22,275,986	2.06	1697.65	22,275,986	2025-04-03	0%
Kotak Equity Opportunities Fund - Regular Plan	3,700,000	1.08	281.98	22,275,986	2025-04-03	-83.39%
HDFC Large and Mid Cap Fund - Regular Plan	1,856,728	0.58	141.5	22,275,986	2025-04-03	-91.66%
Bandhan Small Cap Fund	1,305,394	1.17	99.48	22,275,986	2025-04-03	-94.14%
HDFC Multi Cap Fund	1,087,900	0.46	82.91	22,275,986	2025-04-03	-95.12%
WhiteOak Capital Mid Cap Fund	874,456	2.6	66.64	22,275,986	2025-04-03	-96.07%
Parag Parikh ELSS Tax Saver Fund	819,576	1.43	62.46	22,275,986	2025-04-03	-96.32%
WhiteOak Capital Flexi Cap Fund	806,078	1.45	61.43	22,275,986	2025-04-03	-96.38%
Samco Flexi Cap Fund	523,316	6.08	39.88	22,275,986	2025-04-03	-97.65%
Helios Flexi Cap Fund	514,652	1.91	39.22	22,275,986	2025-04-03	-97.69%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	164.63	62.89	89.14	84.65	12.47
Diluted EPS (Rs.)	162.91	62.89	88.38	82.71	12.20
Cash EPS (Rs.)	169.68	67.02	91.15	84.92	17.23
Book Value[Excl.RevalReserv]/Share (Rs.)	588.49	424.83	382.34	306.12	210.86
Book Value[Incl.RevalReserv]/Share (Rs.)	588.49	424.83	382.34	306.12	210.86
Revenue From Operations / Share (Rs.)	474.35	282.43	288.18	247.31	159.19
PBDIT / Share (Rs.)	277.09	128.23	143.68	137.95	55.33
PBIT / Share (Rs.)	271.54	124.28	140.44	134.73	52.64
PBT / Share (Rs.)	203.48	83.99	108.37	99.37	19.26
Net Profit / Share (Rs.)	164.14	63.07	87.91	81.70	14.54
NP After MI And SOA / Share (Rs.)	163.83	62.99	87.85	84.96	12.38
PBDIT Margin (%)	58.41	45.40	49.85	55.78	34.75
PBIT Margin (%)	57.24	44.00	48.73	54.47	33.07
PBT Margin (%)	42.89	29.73	37.60	40.17	12.09
Net Profit Margin (%)	34.60	22.33	30.50	33.03	9.13
NP After MI And SOA Margin (%)	34.53	22.30	30.48	34.35	7.77
Return on Networth / Equity (%)	27.95	14.90	23.08	28.10	5.94
Return on Capital Employeed (%)	22.57	13.32	20.52	23.64	12.70
Return On Assets (%)	7.66	4.04	7.73	8.82	1.81
Long Term Debt / Equity (X)	0.97	1.11	0.69	0.78	0.91
Total Debt / Equity (X)	1.58	1.64	1.08	1.28	1.50
Asset Turnover Ratio (%)	0.25	0.17	0.20	0.22	0.15
Current Ratio (X)	2.22	2.41	2.42	2.35	2.37
Quick Ratio (X)	2.22	2.41	2.42	2.35	2.37
Dividend Payout Ratio (NP) (%)	10.34	15.91	6.62	5.73	70.80
Dividend Payout Ratio (CP) (%)	10.00	14.97	6.38	5.52	58.20
Earning Retention Ratio (%)	89.66	84.09	93.38	94.27	29.20
Cash Earning Retention Ratio (%)	90.00	85.03	93.62	94.48	41.80
Interest Coverage Ratio (X)	4.07	3.18	4.48	4.70	1.66
Interest Coverage Ratio (Post Tax) (X)	3.41	2.57	3.74	3.99	1.44
Enterprise Value (Cr.)	26560.15	10493.55	13829.26	11431.51	10675.76
EV / Net Operating Revenue (X)	3.76	2.51	3.22	3.15	4.53
EV / EBITDA (X)	6.43	5.53	6.46	5.65	13.03
MarketCap / Net Operating Revenue (X)	3.51	2.16	3.02	2.53	3.13
Retention Ratios (%)	89.65	84.08	93.37	94.26	29.19
Price / BV (X)	2.84	1.44	2.28	2.07	2.39
Price / Net Operating Revenue (X)	3.51	2.16	3.02	2.53	3.13
EarningsYield	0.09	0.10	0.10	0.13	0.02

After reviewing the key financial ratios for Motilal Oswal Financial Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 164.63. This value is within the healthy range. It has increased from 62.89 (Mar 23) to 164.63, marking an increase of 101.74.
For Diluted EPS (Rs.), as of Mar 24, the value is 162.91. This value is within the healthy range. It has increased from 62.89 (Mar 23) to 162.91, marking an increase of 100.02.
For Cash EPS (Rs.), as of Mar 24, the value is 169.68. This value is within the healthy range. It has increased from 67.02 (Mar 23) to 169.68, marking an increase of 102.66.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 588.49. It has increased from 424.83 (Mar 23) to 588.49, marking an increase of 163.66.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 588.49. It has increased from 424.83 (Mar 23) to 588.49, marking an increase of 163.66.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 474.35. It has increased from 282.43 (Mar 23) to 474.35, marking an increase of 191.92.
For PBDIT / Share (Rs.), as of Mar 24, the value is 277.09. This value is within the healthy range. It has increased from 128.23 (Mar 23) to 277.09, marking an increase of 148.86.
For PBIT / Share (Rs.), as of Mar 24, the value is 271.54. This value is within the healthy range. It has increased from 124.28 (Mar 23) to 271.54, marking an increase of 147.26.
For PBT / Share (Rs.), as of Mar 24, the value is 203.48. This value is within the healthy range. It has increased from 83.99 (Mar 23) to 203.48, marking an increase of 119.49.
For Net Profit / Share (Rs.), as of Mar 24, the value is 164.14. This value is within the healthy range. It has increased from 63.07 (Mar 23) to 164.14, marking an increase of 101.07.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 163.83. This value is within the healthy range. It has increased from 62.99 (Mar 23) to 163.83, marking an increase of 100.84.
For PBDIT Margin (%), as of Mar 24, the value is 58.41. This value is within the healthy range. It has increased from 45.40 (Mar 23) to 58.41, marking an increase of 13.01.
For PBIT Margin (%), as of Mar 24, the value is 57.24. This value exceeds the healthy maximum of 20. It has increased from 44.00 (Mar 23) to 57.24, marking an increase of 13.24.
For PBT Margin (%), as of Mar 24, the value is 42.89. This value is within the healthy range. It has increased from 29.73 (Mar 23) to 42.89, marking an increase of 13.16.
For Net Profit Margin (%), as of Mar 24, the value is 34.60. This value exceeds the healthy maximum of 10. It has increased from 22.33 (Mar 23) to 34.60, marking an increase of 12.27.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 34.53. This value exceeds the healthy maximum of 20. It has increased from 22.30 (Mar 23) to 34.53, marking an increase of 12.23.
For Return on Networth / Equity (%), as of Mar 24, the value is 27.95. This value is within the healthy range. It has increased from 14.90 (Mar 23) to 27.95, marking an increase of 13.05.
For Return on Capital Employeed (%), as of Mar 24, the value is 22.57. This value is within the healthy range. It has increased from 13.32 (Mar 23) to 22.57, marking an increase of 9.25.
For Return On Assets (%), as of Mar 24, the value is 7.66. This value is within the healthy range. It has increased from 4.04 (Mar 23) to 7.66, marking an increase of 3.62.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.97. This value is within the healthy range. It has decreased from 1.11 (Mar 23) to 0.97, marking a decrease of 0.14.
For Total Debt / Equity (X), as of Mar 24, the value is 1.58. This value exceeds the healthy maximum of 1. It has decreased from 1.64 (Mar 23) to 1.58, marking a decrease of 0.06.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.25. It has increased from 0.17 (Mar 23) to 0.25, marking an increase of 0.08.
For Current Ratio (X), as of Mar 24, the value is 2.22. This value is within the healthy range. It has decreased from 2.41 (Mar 23) to 2.22, marking a decrease of 0.19.
For Quick Ratio (X), as of Mar 24, the value is 2.22. This value exceeds the healthy maximum of 2. It has decreased from 2.41 (Mar 23) to 2.22, marking a decrease of 0.19.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 10.34. This value is below the healthy minimum of 20. It has decreased from 15.91 (Mar 23) to 10.34, marking a decrease of 5.57.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.00. This value is below the healthy minimum of 20. It has decreased from 14.97 (Mar 23) to 10.00, marking a decrease of 4.97.
For Earning Retention Ratio (%), as of Mar 24, the value is 89.66. This value exceeds the healthy maximum of 70. It has increased from 84.09 (Mar 23) to 89.66, marking an increase of 5.57.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 90.00. This value exceeds the healthy maximum of 70. It has increased from 85.03 (Mar 23) to 90.00, marking an increase of 4.97.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.07. This value is within the healthy range. It has increased from 3.18 (Mar 23) to 4.07, marking an increase of 0.89.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.41. This value is within the healthy range. It has increased from 2.57 (Mar 23) to 3.41, marking an increase of 0.84.
For Enterprise Value (Cr.), as of Mar 24, the value is 26,560.15. It has increased from 10,493.55 (Mar 23) to 26,560.15, marking an increase of 16,066.60.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.76. This value exceeds the healthy maximum of 3. It has increased from 2.51 (Mar 23) to 3.76, marking an increase of 1.25.
For EV / EBITDA (X), as of Mar 24, the value is 6.43. This value is within the healthy range. It has increased from 5.53 (Mar 23) to 6.43, marking an increase of 0.90.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.51. This value exceeds the healthy maximum of 3. It has increased from 2.16 (Mar 23) to 3.51, marking an increase of 1.35.
For Retention Ratios (%), as of Mar 24, the value is 89.65. This value exceeds the healthy maximum of 70. It has increased from 84.08 (Mar 23) to 89.65, marking an increase of 5.57.
For Price / BV (X), as of Mar 24, the value is 2.84. This value is within the healthy range. It has increased from 1.44 (Mar 23) to 2.84, marking an increase of 1.40.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.51. This value exceeds the healthy maximum of 3. It has increased from 2.16 (Mar 23) to 3.51, marking an increase of 1.35.
For EarningsYield, as of Mar 24, the value is 0.09. This value is below the healthy minimum of 5. It has decreased from 0.10 (Mar 23) to 0.09, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Motilal Oswal Financial Services Ltd as of April 4, 2025 is: 544.81

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Motilal Oswal Financial Services Ltd is Overvalued by 11.12% compared to the current share price 613.00

Intrinsic Value of Motilal Oswal Financial Services Ltd as of April 4, 2025 is: 657.53

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Motilal Oswal Financial Services Ltd is Undervalued by 7.26% compared to the current share price 613.00

Last 5 Year EPS CAGR: 20.69%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.17%, which is a positive sign. The stock has a low average Working Capital Days of -63.67, which is a positive sign. The company has shown consistent growth in sales (134.38 cr) and profit (203.85 cr) over the years.	The stock has a high average Cash Conversion Cycle of 193.08, which may not be favorable. The company has higher borrowings (5,773.00) compared to reserves (3,991.15), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Motilal Oswal Financial Services Ltd:
1. Net Profit Margin: 34.6%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 22.57% (Industry Average ROCE: 9.56%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 27.95% (Industry Average ROE: 11.97%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.41
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.22
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 11.2 (Industry average Stock P/E: 42.97)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.58
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Motilal Oswal Financial Services Ltd. is a Public Limited Listed company incorporated on 18/05/2005 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67190MH2005PLC153397 and registration number is 153397. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company's Total Operating Revenue is Rs. 4540.41 Cr. and Equity Capital is Rs. 14.90 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	Motilal Oswal Tower, Rahimtullah Sayani Road, Mumbai Maharashtra 400025	shareholders@motilaloswal.com http://www.motilaloswalgroup.com

Management
Name	Position Held
Mr. Raamdeo Agarawal	Non Executive Chairman
Mr. Motilal Oswal	Managing Director & CEO
Mr. Navin Agarwal	Managing Director
Mr. Ajay Kumar Menon	WholeTime Director & CEO
Mr. Rajat Rajgarhia	WholeTime Director & CEO
Mr. Chandrashekhar Karnik	Independent Director
Mr. Pankaj Bhansali	Independent Director
Mr. C N Murthy	Independent Director
Ms. Divya Momaya	Independent Director
Ms. Swanubhuti Jain	Independent Director

FAQ

What is the intrinsic value of Motilal Oswal Financial Services Ltd?

Motilal Oswal Financial Services Ltd's intrinsic value (as of 04 April 2025) is ₹544.81 — 11.12% lower the current market price of ₹613.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 36,750 Cr. market cap, FY2025-2026 high/low of ₹1,064/442, reserves of 11,010 Cr, and liabilities of 37,053 Cr.

What is the Market Cap of Motilal Oswal Financial Services Ltd?

The Market Cap of Motilal Oswal Financial Services Ltd is 36,750 Cr..

What is the current Stock Price of Motilal Oswal Financial Services Ltd as on 04 April 2025?

The current stock price of Motilal Oswal Financial Services Ltd as on 04 April 2025 is 613.

What is the High / Low of Motilal Oswal Financial Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Motilal Oswal Financial Services Ltd stocks is ₹1,064/442.

What is the Stock P/E of Motilal Oswal Financial Services Ltd?

The Stock P/E of Motilal Oswal Financial Services Ltd is 11.2.

What is the Book Value of Motilal Oswal Financial Services Ltd?

The Book Value of Motilal Oswal Financial Services Ltd is 185.

What is the Dividend Yield of Motilal Oswal Financial Services Ltd?

The Dividend Yield of Motilal Oswal Financial Services Ltd is 0.82 %.

What is the ROCE of Motilal Oswal Financial Services Ltd?

The ROCE of Motilal Oswal Financial Services Ltd is 20.7 %.

What is the ROE of Motilal Oswal Financial Services Ltd?

The ROE of Motilal Oswal Financial Services Ltd is 32.6 %.

What is the Face Value of Motilal Oswal Financial Services Ltd?

The Face Value of Motilal Oswal Financial Services Ltd is 1.00.