Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 24 February, 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

Motilal Oswal Financial Services Ltd. Share Price Update

Share PriceValue
Today₹1,877.65
Previous Day₹1,901.95

Basic Stock Data of Motilal Oswal Financial Services Ltd

Market Cap 26,247 Cr.
Current Price 1,767
High / Low1,938/551
Stock P/E14.0
Book Value 503
Dividend Yield0.78 %
ROCE12.9 %
ROE15.6 %
Face Value 1.00

Data Source: screener.in

Competitors of Motilal Oswal Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Abans Holdings Ltd 1,564 Cr. 312356/20218.8 1750.00 %7.91 %8.90 % 2.00
5Paisa Capital Ltd 1,777 Cr. 570759/27028.2 1610.00 %12.4 %10.6 % 10.0
Piramal Enterprises Ltd 20,987 Cr. 9341,140/63013.9 1,2783.34 %2.21 %5.72 % 2.00
Bajaj Finserv Ltd 2,51,369 Cr. 1,5761,742/1,21532.2 3190.05 %11.3 %14.8 % 1.00
Onelife Capital Advisors Ltd 26.6 Cr. 20.023.9/10.8 60.90.00 %1.01 %2.98 % 10.0
Industry Average10.12 Cr367.418.62143.380.68%6.97%8.6%5

Motilal Oswal Financial Services Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8119481,1418971,3231,0251,0517541,3211,0741,0271,4991,639
Expenses391413476498544577559553576588584661735
Operating Profit421535665399779448493201744487444838904
OPM %52%56%58%44%59%44%47%27%56%45%43%56%55%
Other Income018469144663111
Interest109103109106113144112111126169190216241
Depreciation11121411131311131617131717
Profit before tax30042055028665930137081607307247636658
Tax %22%20%15%23%17%20%18%61%16%26%33%17%19%
Net Profit29933746222154924030332510227165528532
EPS in Rs20.2822.7831.3815.0637.3816.2920.102.1034.4915.3111.1335.6235.83

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:24%
5 Years:9%
3 Years:21%
TTM:42%
Compounded Profit Growth
10 Years:25%
5 Years:8%
3 Years:72%
TTM:77%
Stock Price CAGR
10 Years:36%
5 Years:24%
3 Years:42%
1 Year:157%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:24%
Last Year:16%

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days155337377279240239138226115928590
Inventory Days
Days Payable
Cash Conversion Cycle155337377279240239138226115928590
Working Capital Days321428313154-50-30-126-48-189-206-279-402
ROCE %13%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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters70.49%70.66%70.61%70.48%70.40%69.50%69.50%69.57%69.46%69.68%69.66%69.53%
FIIs9.42%9.44%9.79%9.33%10.24%10.08%9.80%9.29%7.35%6.47%6.41%6.29%
DIIs4.40%4.51%3.27%2.04%2.87%3.63%4.02%5.01%5.95%6.28%6.11%6.29%
Public15.69%15.39%16.33%18.14%16.50%16.78%16.67%16.12%17.22%17.58%17.84%17.90%
No. of Shareholders36,98039,75957,27592,43073,10370,57591,81666,60570,23069,66368,94463,583

Motilal Oswal Financial Services Ltd Shareholding Pattern Chart

No. of Motilal Oswal Financial Services Ltd Shareholders

Motilal Oswal Financial Services Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Parag Parikh Flexi Cap Fund76186431.89915.08
HDFC Large and Mid Cap Fund - Regular Plan5000000.4560.06
HDFC Multi Cap Fund4200000.550.45
Parag Parikh ELSS Tax Saver Fund2302151.1827.65
Helios Flexi Cap Fund820661.589.86
Nippon India Nifty Smallcap 250 Index Fund226130.332.72
Motilal Oswal Nifty Smallcap 250 Index Fund138170.321.66
SBI Nifty Smallcap 250 Index Fund108020.321.3
ICICI Prudential Nifty Smallcap 250 Index Fund56960.320.68
HDFC NIFTY Smallcap 250 ETF29220.320.35

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 of Motilal Oswal Financial Services Ltd Stock

Fair Value: ₹1107.12

The stock is overvalued by 37.34% compared to the current price ₹1767

*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 -9.50, 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 is trading at a high valuation with an average P/B ratio of 102.79 and average Dividend Yield of 43.37%.
  2. The stock has a low average ROCE of 14.50%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 197.75, which may not be favorable.
  4. The company has higher borrowings (4,438.00) compared to reserves (3,133.38), which may suggest financial risk.

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