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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Motilal Oswal Financial Services Ltd

About the Company - Motilal Oswal Financial Services Ltd

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. 2571.84 Cr. and Equity Capital is Rs. 14.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsMotilal Oswal Tower, Rahimtullah Sayani Road, Mumbai Maharashtra 400025shareholders@motilaloswal.com
http://www.motilaloswalgroup.com
Management
NamePosition Held
Mr. Raamdeo AgarawalNon Executive Chairman
Mr. Motilal OswalManaging Director & CEO
Mr. Ajay Kumar MenonWhole Time Director
Mr. Rajat RajgarhiaWhole Time Director
Mr. Navin AgarwalNon Executive Director
Mr. Chandrashekhar KarnikIndependent Director
Mr. Pankaj BhansaliIndependent Director
Mr. C N MurthyIndependent Director
Ms. Divya MomayaIndependent Director
Ms. Swanubhuti JainIndependent Director

Basic Stock Data of Motilal Oswal Financial Services Ltd

Last Updated: May 30, 2024, 5:44 am

Market Cap 33,521 Cr.
Current Price 2,250
High / Low2,678/629
Stock P/E13.7
Book Value 586
Dividend Yield0.62 %
ROCE20.7 %
ROE32.6 %
Face Value 1.00
PEG Ratio0.23

Competitors of Motilal Oswal Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
STEL Holdings Ltd 714 Cr. 384395/13353.8 8150.00 %1.53 %1.14 % 10.0
Paisalo Digital Ltd 5,716 Cr. 63.699.6/21.032.0 14.80.08 %14.1 %14.3 % 1.00
Aar Shyam (India) Investment Company Ltd 2.82 Cr. 9.419.41/5.68 13.70.00 %6.92 %7.25 % 10.0
Corporate Merchant Bankers Ltd 5.49 Cr. 16.619.3/16.6 9.520.00 %2.08 %7.08 % 10.0
Nahar Capital & Financial Services Ltd 481 Cr. 287359/26825.9 9250.52 %6.05 %6.91 % 5.00
Industry Average1,383.86 Cr152.1222.34355.600.12%6.14%7.34%7.20

Motilal Oswal Financial Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9481,1418971,3231,0251,0517541,3211,0761,0271,4991,6471,784
Expenses413476498544577559553576588584661735696
Operating Profit5356653997794484932017444884448389121,088
OPM %56%58%44%59%44%47%27%56%45%43%56%55%61%
Other Income18469144563147
Interest103109106113144112111126169190216241262
Depreciation12141113131113161713171724
Profit before tax42055028665930137081607307247636658809
Tax %20%15%23%17%20%18%61%16%26%33%17%19%18%
Net Profit33746222154924030332510227165528532661
EPS in Rs22.7831.3815.0637.3816.2920.102.1034.4915.3111.1335.6235.8344.43

Last Updated: April 10, 2024, 4:14 am

Motilal Oswal Financial Services Ltd Quarterly Chart

Motilal Oswal Financial Services Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4714734677721,0801,9232,7512,4502,3583,6264,2984,1785,958
Expenses3092593265166479151,3571,5431,5461,6102,1782,3012,676
Operating Profit1622131412564321,0081,3949078122,0162,1201,8773,282
OPM %34%45%30%33%40%52%51%37%34%56%49%45%55%
Other Income7-21-5411-271128-80181948
Interest45331174442528517494430475596909
Depreciation13262431353337244048485871
Profit before tax153162591962255068293782851,4581,6161,2422,350
Tax %32%32%30%27%27%28%25%25%24%18%19%25%
Net Profit104110421451723716322981901,2651,3129351,886
EPS in Rs7.167.512.8610.2411.8924.9242.8920.1812.3885.9787.8762.97127.01
Dividend Payout %21%27%70%29%29%22%20%42%32%12%11%16%

Motilal Oswal Financial Services Ltd Profit & Loss Yearly Chart

Motilal Oswal Financial Services Ltd Growth

Compounded Sales Growth
10 Years:31%
5 Years:24%
3 Years:25%
TTM:69%
Compounded Profit Growth
10 Years:42%
5 Years:53%
3 Years:22%
TTM:162%
Stock Price CAGR
10 Years:30%
5 Years:22%
3 Years:40%
1 Year:256%
Return on Equity
10 Years:22%
5 Years:24%
3 Years:25%
Last Year:33%

Last Updated: May 25, 2024, 2:44 pm

Motilal Oswal Financial Services Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151414141415151515151515
Reserves1,1261,2031,1561,2811,4221,7722,8713,0393,0714,4475,6596,2377,450
Borrowings0007952,5895,0675,3235,1584,6275,6936,15210,27812,012
Other Liabilities4045556778551,0641,5862,2022,1492,3703,8875,0336,4199,708
Total Liabilities1,5451,7731,8482,9455,0908,43910,41110,36010,08414,04116,86022,94929,184
Fixed Assets345311307300292294300302333350357466533
CWIP0000000000000
Investments941482938141,2311,7672,8072,6863,0883,9224,6854,7875,558
Other Assets1,1061,3141,2481,8313,5666,3787,3047,3726,6629,76911,81817,69623,093
Total Assets1,5451,7731,8482,9455,0908,43910,41110,36010,08414,04116,86022,94929,184

Motilal Oswal Financial Services Ltd Reserves and Borrowings Chart

Motilal Oswal Financial Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 125-33140-98-1,242-1,980248195952-1391,011-3,058
Cash from Investing Activity 33-594-606-380-314-15714-353-273-447-287
Cash from Financing Activity -43-26-907471,7182,420-98-141-1298612823,784
Net Cash Flow115-119554496125-768470449845439

Motilal Oswal Financial Services Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days33737727924023913822611592859099
Inventory Days
Days Payable
Cash Conversion Cycle33737727924023913822611592859099
Working Capital Days428313154-50-30-126-48-189-206-279-402-335
ROCE %13%10%14%13%18%18%11%10%22%19%13%

Motilal Oswal Financial Services Ltd Financial Efficiency Indicators Chart

Motilal Oswal Financial Services Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters70.61%70.48%70.40%69.50%69.50%69.57%69.46%69.68%69.66%69.53%69.39%69.16%
FIIs9.79%9.33%10.24%10.08%9.80%9.29%7.35%6.47%6.41%6.29%6.48%6.73%
DIIs3.27%2.04%2.87%3.63%4.02%5.01%5.95%6.28%6.11%6.29%6.76%6.94%
Public16.33%18.14%16.50%16.78%16.67%16.12%17.22%17.58%17.84%17.90%17.36%17.16%
No. of Shareholders57,27592,43073,10370,57591,81666,60570,23069,66368,94463,58361,73267,231

Motilal Oswal Financial Services Ltd Shareholding Pattern Chart

No. of Motilal Oswal Financial Services Ltd Shareholders

Motilal Oswal Financial Services Ltd Mutual Fund Holdings

Motilal Oswal Financial Services Ltd ROCE Trend

Motilal Oswal Financial Services Ltd EPS Trend

Motilal Oswal Financial Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)62.8989.1484.6512.4720.21
Diluted EPS (Rs.)62.8988.3882.7112.2019.67
Cash EPS (Rs.)67.0291.1584.9217.2321.57
Book Value[Excl.RevalReserv]/Share (Rs.)424.83382.34306.12210.86212.37
Book Value[Incl.RevalReserv]/Share (Rs.)424.83382.34306.12210.86212.37
Revenue From Operations / Share (Rs.)282.43288.18247.31159.19169.02
PBDIT / Share (Rs.)128.23143.68137.9555.3363.50
PBIT / Share (Rs.)124.28140.44134.7352.6461.86
PBT / Share (Rs.)83.99108.3799.3719.2626.38
Net Profit / Share (Rs.)63.0787.9181.7014.5419.93
NP After MI And SOA / Share (Rs.)62.9987.8584.9612.3820.18
PBDIT Margin (%)45.4049.8555.7834.7537.56
PBIT Margin (%)44.0048.7354.4733.0736.59
PBT Margin (%)29.7337.6040.1712.0915.60
Net Profit Margin (%)22.3330.5033.039.1311.78
NP After MI And SOA Margin (%)22.3030.4834.357.7711.93
Return on Networth / Equity (%)14.9023.0828.105.949.62
Return on Capital Employeed (%)13.3220.5223.6412.7010.61
Return On Assets (%)4.047.738.821.812.80
Long Term Debt / Equity (X)1.110.690.780.911.68
Total Debt / Equity (X)1.641.081.281.501.68
Asset Turnover Ratio (%)0.170.200.220.150.15
Current Ratio (X)2.412.422.352.374.96
Quick Ratio (X)2.412.422.352.374.96
Dividend Payout Ratio (NP) (%)15.916.625.7370.8042.53
Dividend Payout Ratio (CP) (%)14.976.385.5258.2039.33
Earning Retention Ratio (%)84.0993.3894.2729.2057.47
Cash Earning Retention Ratio (%)85.0393.6294.4841.8060.67
Interest Coverage Ratio (X)3.184.484.701.661.79
Interest Coverage Ratio (Post Tax) (X)2.573.743.991.441.56
Enterprise Value (Cr.)10493.5513829.2611431.5110675.7613210.12
EV / Net Operating Revenue (X)2.513.223.154.535.36
EV / EBITDA (X)5.536.465.6513.0314.28
MarketCap / Net Operating Revenue (X)2.163.022.533.133.55
Retention Ratios (%)84.0893.3794.2629.1957.46
Price / BV (X)1.442.282.072.392.86
Price / Net Operating Revenue (X)2.163.022.533.133.55
EarningsYield0.100.100.130.020.03

Motilal Oswal Financial Services Ltd Profitability Ratios (%)

Motilal Oswal Financial Services Ltd Liquidity Ratios

Motilal Oswal Financial Services Ltd Liquidity Ratios (%)

Motilal Oswal Financial Services Ltd Interest Coverage Ratios (%)

Motilal Oswal Financial Services Ltd Valuation Ratios

Fair Value

Fair Value: ₹2,633.42

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.

Undervalued: 17.04% compared to the current price ₹2250

Intrinsic Value: ₹4,195.11

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 86.45% compared to the current price ₹2250

Last 5 Year EPS CAGR: 59.30%

*Investments are subject to market risks

Strength and Weakness of Motilal Oswal Financial Services Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -64.17, which is a positive sign.
  2. The company has shown consistent growth in sales (169.77 cr) and profit (215.23 cr) over the years.
  1. The stock has a low average ROCE of 13.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 193.08, which may not be favorable.
  3. The company has higher borrowings (4,438.00) compared to reserves (3,133.38), which may suggest financial risk.

FAQ

What is the latest fair value of Motilal Oswal Financial Services Ltd?

The latest fair value of Motilal Oswal Financial Services Ltd is ₹2633.42.

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

The Market Cap of Motilal Oswal Financial Services Ltd is 33,521 Cr..

What is the current Stock Price of Motilal Oswal Financial Services Ltd as on 30 May 2024?

The current stock price of Motilal Oswal Financial Services Ltd as on 30 May 2024 is ₹2,250.

What is the High / Low of Motilal Oswal Financial Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Motilal Oswal Financial Services Ltd stocks is 2,678/629.

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

The Stock P/E of Motilal Oswal Financial Services Ltd is 13.7.

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

The Book Value of Motilal Oswal Financial Services Ltd is 586.

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

The Dividend Yield of Motilal Oswal Financial Services Ltd is 0.62 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Motilal Oswal Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE