Fin Cascade
Get Android appGet iOS app

Prices as of 8 Oct 2026 close · Not investment advice

Motilal Oswal Financial Services Limited

NSE: MOTILALOFSStockbroking & Allied

Share price

₹1,014.30

-5.02% close of 8 Oct 2026

Market cap ₹60,858 CrP/E 30.7

Business score

How strong the business is, in one number. The parts behind it are in Pro.

60

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹60,858 Cr

P/E ratio

30.7

P/B ratio

4.7

ROCE

12.7%

ROE

15.5%

Dividend yield

0.6%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,091.3052-week low ₹628.20

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 14.8% over the past year, and 19.4% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 44.0% to 40.7% over the last four years.

Whether it grew faster than its sector

It grew 19.4% a year against a sector median of 16.0% — 3.4 percentage points faster.

Room to re-rate, or risk of de-rating

At 30.7× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.9×, across 5 companies. It is against its own five-year median of 29.3×, the 54th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.2 times its growth rate, on earnings growth of 26%.

Profit growthPrice per ₹1 profitPer 1% growth
Motilal Oswal Financial Services Limited — this one26%/yr30.7×₹1.2
Billionbrains Garage Ventures Limited66%/yr49.3×₹0.75
360 ONE WAM LIMITED23%/yr33.8×₹1.5
Nuvama Wealth Management Limited51%/yr28.9×₹0.57
Angel One Limited1%/yr26.0×₹26.0
IIFL Capital Services Limited22%/yr18.7×₹0.85

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Stockbroking & Allied), it ranks 14 of 31 on returns, 13 of 31 on growth, 11 of 31 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 12.7% on capital, ahead of 55% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹7253 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹6152 crore to ₹21255 crore. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being paid 279 days before it paid its own suppliers to paid 147 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

Not enough filed accounts to run these checks yet.

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Revenue rose to Rs 2676.2 crore but the company posted a loss of Rs 219.11 crore.

Announced 25 Sep 2026 · Consolidated · Audited

Revenue

₹2,676 Cr

Revenue vs last year

+124.8%

Revenue vs last quarter

+26.7%

Net profit

-₹219 Cr

Profit vs last quarter

-138.7%

Net margin

-8.2%

EPS

₹-3.69

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹60,858 Cr
Prev close
₹1,014.30
52w High
₹1,097
52w Low
₹615
Enterprise value
₹68,630 Cr
Beta
1.9
Price CAGR 1y
16.0%
Price CAGR 3y
68.0%
Price CAGR 5y
38.0%
Price CAGR 10y
23.0%

Ratios

Return on assets
4.3%
PEG ratio
1.2
P/E ratio
30.7
P/B ratio
4.7
EV / EBITDA
16.7
Industry P/E
20.7
ROCE
12.7%
ROCE 5y average
17.0%
ROE
15.5%
Debt / Equity
1.6
Interest coverage
2.9
Dividend yield
0.6%
ROE 3y average
23.0%
ROE last year
16.0%

Annual P&L

Annual revenue
₹9,381 Cr
Annual profit
₹1,872 Cr
Operating margin
41.0%
Net profit margin
20.0%
EBITDA margin
41.3%
Sales growth 3y
30.9%
Sales growth 5y
20.9%
Profit growth 3y
26.0%
Profit growth 5y
7.0%
EPS
₹31.1
Sales growth TTM
15.0%
Profit growth TTM
-29.0%
Dividend payout
19.0%

Quarter P&L

Sales latest quarter
₹3,426 Cr
Profit latest quarter
₹1,274 Cr
YoY quarterly sales growth
25.2%
YoY quarterly profit growth
9.5%
OPM latest quarter
57.5%

Balance Sheet

Book Value
₹215
Face Value
₹1.0
Total debt
₹21,255 Cr
Total cash
₹13,483 Cr
Borrowings
₹21,255 Cr
Reserves / Equity
213.8

Cash Flow

Operating cash flow
-₹6,071 Cr
Free cash flow
-₹6,160 Cr
FCF yield
-12.3%
Net cash flow
-₹875 Cr

Shareholding

Promoter holding
67.2%
FII holding
6.9%
DII holding
6.8%
Public holding
19.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Billionbrains194.5550.01,22,0530.00735.094.31,501.466.037.3
Motil.Oswal.Fin.1,030.3531.462,1280.571,273.79.63,425.825.212.7
360 ONE1,051.4034.042,8881.13330.516.11,226.134.512.1
Nuvama Wealth1,768.0530.132,6231.55305.615.81,376.222.617.5
Angel One298.1526.427,2691.32231.4102.21,429.725.414.8
IIFL Capital344.8019.110,8730.86184.25.0631.52.321.1
Share India Sec.193.4011.74,2320.82124.447.5448.131.318.4
Median122.0820.71,0020.4412.523.091.925.213.3

Competes with: 360 ONE WAM LIMITED, 5Paisa Capital Limited, Aditya Birla Money Limited, Almondz Global Securities Limited, Anand Rathi Share and Stock Brokers Limited, Angel One Limited, Arihant Capital Markets Limited, Billionbrains Garage Ventures Limited, DB (International) Stock Brokers Limited, Dam Capital Advisors Limited, Dolat Algotech Limited, Emkay Global Financial Services Limited, Geojit Financial Services Limited, Hybrid Financial Services Limited, IIFL Capital Services Limited, Indbank Merchant Banking Services Limited, Indo Thai Securities Limited, Inventure Growth & Securities Limited, Keynote Financial Services Limited, Khandwala Securities Limited, LKP Securities Limited, Master Trust Limited, Monarch Networth Capital Limited, Nuvama Wealth Management Limited, Onelife Capital Advisors Limited, SMC Global Securities Limited, Shardul Securities Limited, Share India Securities Limited, Steel City Securities Limited, Systematix Corporate Services Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 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 %56556157606453246345527.6657
Other Income321618191526187118166
Exceptional items (within Other Income)00000
Interest216241262302327354319298295317336388414
Depreciation17172424222327262628292828
Profit before tax6366588099301,0591,454741-271,406506748-1941,534
Tax %171918221723241371828241317
Net Profit5285326617258841,122566-631,163363566-2191,274
EPS in Rs8.908.96111215199.42-1.08196.049.42-3.6821
Diluted EPS in Rs195.979.21-3.6921

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7721,0801,9232,7512,4502,3583,6264,2984,1787,0698,3399,37410,063
Expenses5166479151,3571,5431,5461,6102,1782,3013,0023,7945,5045,943
Operating Profit2564321,0081,3949078122,0162,1201,8774,0674,5463,8774,120
OPM %33405251373456494558554141
Other Income11-271128-80221961784242
Exceptional items (within Other Income)0
Interest311744425285174944304785961,0141,2981,3361,456
Depreciation3135333724404848588399111112
Profit before tax1962255068293782851,4581,6161,2423,0323,2262,4652,593
Tax %272728252524181925192224
Net Profit1451723716322981901,2651,3129352,4462,5081,8721,983
EPS in Rs2.562.976.23115.043.1021221641423133
Diluted EPS in Rs30
Dividend Payout %29292220423212111691219

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
24%
5 years
21%
3 years
31%
TTM
15%

Compounded profit growth

10 years
27%
5 years
7%
3 years
26%
TTM
-29%

Stock price CAGR

10 years
23%
5 years
38%
3 years
68%
1 year
16%

Return on equity

10 years
22%
5 years
22%
3 years
23%
Last year
16%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Minority Interest64
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 Assets2,9455,0908,43910,41110,36010,08414,04116,86022,94931,77133,98743,468

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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
Free Cash Flow-124-1,277-2,032207168882-199956-3,212-495930-6,160

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days27924023913822611592859099105158
Inventory Days0
Cash Conversion Cycle27924023913822611592859099105158
Working Capital Days-76-278-209-241-103-189-206-279-402-329-191-147
ROCE %141318181110221913211913

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters706969696969686868686867
FIIs6.296.486.736.466.345.886.017.297.526.937.036.86
DIIs6.296.766.946.066.416.395.715.445.846.426.026.78
Public181717181819201919191919
No. of Shareholders63,58361,73267,2311,35,9841,63,5512,26,7542,87,3312,60,2862,41,2972,38,4882,41,9612,25,318

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +3.5% (₹980.25 → ₹1,014.30)Brick size ₹34.10 (fixed)Bricks 36
₹800₹1,014Nov '25Feb '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹1,014.30 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

capital adequacy (CRAR) %

37.80

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

gross NPA %

1.10pct

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

7,772inr_cr

2026-03-31

net NPA %

0.60

net interest margin %

7.20

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

75,29,497inr

2026-03-31

return on assets %

2.00

News

News and filings about Motilal Oswal Financial Services Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • Bond Markets
  • Interest Rates

Buys from

  • Hubtown Limited · commercial office space
  • Vertoz Limited · awareness and lead-generation campaign - case snapshot: 'Delivered elevated CTR performanc…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Financial Services
Industry
Stockbroking & Allied
Classification
Financial Services › Stockbroking & Allied
ISIN
INE338I01027

Business segments

  • Wealth Management · 39%
  • Asset and Private Wealth Management · 32%
  • Treasury Investments · 14%
  • Home Finance · 8%
  • Capital markets · 8%

News impact

Big market events that reach Motilal Oswal Financial Services Limited, and how the effect spreads.

Who it hits first

  • A Motilal Oswal Alternates fund sold 23.28 lakh Molbio Diagnostics shares, over 2%, for Rs 306 crore at Rs 1315.01 each.
  • Molbio shares face near-term selling pressure as the market absorbs the extra supply.
  • The selling fund locks in cash and a realized return it can report to investors and redeploy.

Who may gain

  • Motilal Oswal Alternates fund investors, who get Rs 306 crore of realized cash back
  • Institutions that bought the block, if they picked up Molbio shares at a discount to the market price
  • No operating winner: demand for diagnostic tests and machines is unchanged by a share sale

Along the supply chain

Downstream

No downstream link: distributors, labs and hospitals buy diagnostic tests, not the fund's shares.

Upstream

No upstream supply link: a secondary share sale does not change what Molbio buys from parts or material makers.

Where demand moves

Business

No business demand shifts: hospitals and labs order the same Molbio machines and test cartridges the day after a shareholder sells stock.

Capital

Rs 306 crore of equity moves from the seller fund to block buyers; the fund books liquidity and eventual performance fees while Molbio shares digest the new supply.

How it spreads across sectors

Financial Services

Tiny and neutral for brokers: one Rs 306 crore fund realization does not move trading volumes or fees.

Healthcare

Neutral: a single-stock ownership change with no pricing, volume or policy readthrough to labs or device makers.

When it plays out

Immediate

Molbio stock wobbles for 1-7 days as the block supply settles and buyers are revealed.

Medium term

Within 1-6 months the episode fades; Molbio trades on test volumes and earnings, the fund on its next exits.

Short term

Over 1-4 weeks the price finds its level near the block price unless a big new holder keeps buying.

Who it hits first

  • India's competition watchdog (CCI) cleared Fairfax India to buy a bigger stake in IIFL Capital Services, a stockbroker that earns fees from trading and investing services.
  • The deal brings fresh money through new shares plus an open offer where small shareholders can sell their shares at a set price.
  • IIFL Finance, a separate lender sharing the IIFL brand, may get a small image boost but receives no direct money.

Who may gain

  • IIFL Capital Services shareholders, who get an open-offer exit and a stronger backer
  • IIFL Capital Services itself, which gains fresh funds and market trust for growth

Along the supply chain

Downstream

No direct customer chain shift — traders and investors face the same fees today; any benefit comes later if the new funds improve service.

Upstream

No direct supply-chain link — purely capital-flow event; the broker's tech and data vendors see no immediate order change.

Where demand moves

Business

No new customer orders yet — brokers gain only if Fairfax's money funds better apps and wider reach that later pulls in more traders.

Capital

Fresh equity flows into IIFL Capital Services via the new share issue, and the open offer puts cash in the hands of small shareholders who tender.

How it spreads across sectors

Financial Services

Mild positive mood for brokers as a big investor backs one of them, but no fee or volume lift for rivals like Groww, Angel One or Motilal Oswal.

When it plays out

Immediate

1–7 days: IIFL Capital Services shares react to the clearance and open-offer terms while rival brokers drift on mood.

Medium term

1–6 months: Fairfax funds support hiring and tech; any market-share gains for IIFL Capital show up in volumes.

Short term

1–4 weeks: open-offer timetable and price set the floor; focus shifts to dilution from the new share issue.

22 Sept, 20:57 IST · Market event · high impact

Aashish Agarwal joins 360 ONE WAM Group as CEO

Aashish Agarwal becomes CEO of wealth manager 360 ONE, likely helping its shareholders slightly while rival brokers see little change and no one is directly hurt.

Financial Services

Who it hits first

  • 360 ONE WAM, a wealth manager for rich families and big institutions, gets a new Group CEO in Aashish Agarwal.
  • The firm looks after over Rs 7.8 lakh crore and serves more than 8,900 families and institutions, so a leadership change draws investor attention.
  • No earnings, fees, or client money moves today — the impact is confidence and future growth hopes.

Who may gain

  • 360 ONE WAM shareholders — new CEO hope may lift mood and short-term buying.
  • 360 ONE clients and staff — steady leadership signal for a firm guarding large family wealth.
  • Rival wealth firms see no direct benefit — this hire does not send them clients or fees.

Along the supply chain

Downstream

No downstream supply change — clients still get the same wealth advice and fund services, only the top boss changes.

Upstream

No upstream supply link — a CEO hire at a wealth manager does not change what it buys from data, office, or tech suppliers.

Where demand moves

Business

Business demand barely moves — families and institutions do not hire a wealth manager because of one CEO headline; any client wins come months later if strategy improves.

Capital

Capital demand tilts positive for 360 ONE WAM — investors often buy a little on fresh CEO hope — while rival brokers see no extra investor money from this news.

How it spreads across sectors

Financial Services

Mild mood lift for wealth managers only — no fee, rule, or money-flow change for banks, insurers, or brokers.

When it plays out

Immediate

360 ONE WAM stock may see small buying on CEO hope; rivals stay flat as no business shifts.

Medium term

Real test is client asset growth and staff stability under the new leader; rivals react only if 360 ONE starts winning their clients.

Short term

Focus moves to the new CEO's first plans and client meets; price drifts back unless a clear growth message lands.

Who it hits first

  • Low-cost brokers face a possible 0.4% charge on money clients move into broking accounts via UPI, even when no trade is executed — a direct per-transfer cost on flat-fee business models
  • Groww (Billionbrains Garage Ventures) and Angel One are named as most exposed; brokers have asked regulators whether client-to-broker pay-ins count as merchant payments under the new MDR rules

Along the supply chain

Downstream

Retail traders sit downstream: either pay-ins stay free and brokers earn less, or clients face a small funding fee and trade less — either way a mild, short-lived drag on retail activity

Upstream

Negligible — brokers buy trading technology and compliance services, not physical inputs; UPI payment processors could see slightly lower volumes only if brokers steer clients to net-banking pay-ins

Where demand moves

Business

If brokers absorb the fee, broking profit per user shrinks with no volume change; if they pass it on, small investors fund accounts less often and trade less, so brokers see fewer orders and slightly lower turnover for a quarter

Capital

Mild rotation within Financial Services from pure discount brokers (Groww, Angel One, 5paisa) toward the MDR fee winners (banks, payment firms) or diversified financials until clarity emerges on whether broker pay-ins are covered

How it spreads across sectors

When it plays out

Immediate

1-7 days: sentiment overhang on discount brokers while clarity is awaited; -1 to -3% drift on Groww, Angel One, 5paisa likely

Medium term

1-6 months: one-time pricing reset absorbed; a carve-out for broker pay-ins would fully reverse the drag, while confirmation locks in a small permanent cost

Short term

1-4 weeks: regulator clarification on whether broker pay-ins attract MDR, plus Oct 15 go-live; brokers decide to absorb or pass through, Q3 margin commentary watched

Who it hits first

  • Peak XV Partners and Sequoia Capital, early backers of Groww, are selling a large block of GROWW shares at a floor price of Rs 191.45, putting near-term selling pressure on the stock.
  • Groww's broking business, clients and earnings are untouched — this is a change of share ownership, not a business setback.

Who may gain

  • Block-deal buyers who pick up Groww shares at a discount to the market price.
  • Long-term investors who get a cheaper entry if the overhang pushes the price down toward the floor.

Along the supply chain

Downstream

No downstream effect: Groww's customers, trading volumes and service quality do not depend on which investors hold its shares.

Upstream

No supply-chain link: Groww is a digital broker, and a transfer of its shares needs no physical inputs and takes business from no supplier.

Where demand moves

Business

No business demand moves between companies: no orders are gained or lost, because a share sale does not change who trades on Groww's platform.

Capital

Some short-term money may step aside from Groww until the extra supply is absorbed, with part of it possibly rotating into peer brokers like Angel One; no large forced rotation is expected.

How it spreads across sectors

Financial Services

Listed brokers may wobble a percent or two on sentiment when Groww dips, but their earnings are unaffected, so any sympathy move should fade fast.

Commodity angle

Cc skip reason

no_commodity_link

When it plays out

Immediate

Groww's share price adjusts toward the Rs 191.45 floor as the block is placed; expect a down day of a few percent, as in May 2026.

Medium term

Over 1-6 months the overhang clears fully (May's block was followed by +8.7% in a month); the next things to watch are fresh stake sales after any lock-up ends and Groww's quarterly results.

Short term

Over 1-4 weeks the extra supply gets absorbed; if buyers are strong the stock steadies like it did after the May sale (+1.8% in a week).

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

30 Jan 2026interim₹6
31 Jan 2025interim₹5
10 Jun 2024bonus₹0
6 Feb 2024interim₹14
4 Jul 2023unspecified₹3
3 Feb 2023interim₹7
1 Jul 2022unspecified₹3
3 Feb 2022interim₹7

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.