NSE: MOTILALOFS · BSE: 532892 · ISIN INE338I01027
Motilal Oswal Financial Services Limited stock analysis
Motilal Oswal Financial Services Limited ranks #1488 in the TickerSutra evidence-ranked universe with a score of 53/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.7%, quarterly sales growth of 25.2% and quarterly profit growth of 9.6%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 30.9% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹4,298cr | ₹2,120cr | ₹1,312cr | 49.0% |
| 2023 | ₹4,178cr | ₹1,877cr | ₹935cr | 45.0% |
| 2024 | ₹7,069cr | ₹4,067cr | ₹2,446cr | 58.0% |
| 2025 | ₹8,340cr | ₹4,546cr | ₹2,508cr | 55.0% |
| 2026 | ₹9,381cr | ₹3,877cr | ₹1,872cr | 41.0% |
| TTM | ₹10,063cr | ₹4,120cr | ₹1,983cr | 41.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Record Date Updates
RoutineUpdatesNSE · 22 Sept 2026Updates
RoutineMotilal Oswal Financial Services Ltd - 532892 - Fund Raising By Way Of Issuance Of Non-Convertible DebenturesBSE · 22 Sept 2026We wish to inform the Exchanges that the Meeting of the Finance Committee of the Board of Directors of the Company will be held on Thursday, September 24, 2026, inter-alia, to consider ....
RoutineMotilal Oswal Financial Services Ltd - 532892 - Closure of Trading WindowBSE · 21 Sept 2026The Trading Window for dealing in Securities of the Company will be closed from Thursday, October 01, 2026 for the consideration and approval of the Unaudited Financial Results of the Company ....
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 9 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
MANAGEMENT COMMENTARY
Signals from filed documents
Turning now to our Segmental Performances Asset and Private Wealth Management Business Our Asset Management and Private Wealth business continued momentum during the year with robust net flows of ₹70,000 crores and an AUM of ₹3.7 lakh crores, which is up by 34% year -on-year. The operating leverage from rising AUM has delivered a stronger pro fit growth, and should continue into the future. Asset Management Business
Before deals would be taken to market or to clients, there is a lot of work that goes on before that. Prateek Agrawal, MD and CEO, Asset Management: Page 10 of 12 On the alternate side, we have gained market share. We are amongst the top few in the industry with very distinct products with strong storylines.
• Distribution book grew by 41% to ₹40,662 cr as of Mar’26 . We are confident that our di stribution book will continue to grow meaningfully as we harness the cross-sell potential of our huge client base. • Our loan book in this segment rose 32% YoY, reaching ₹6,094 cr.
SIP accounts also increased by 0.4 crore to reach 10.4 crore, pointing to continued engagement from existing as well as new investors. 4.4 5.3 6.4 8.4 10.1 10.4 9.79 12.95 14.57 17.79 23.45 27.39 FY21 FY22 FY23 FY24 FY25 FY26 Investor accounts in MF industry (R Cr) Total SIP Accounts Total folios Source: AMFI Challenges and Opportunities for Future Growth The Asset Management industry in India continues to navigate m
The strong pipeline translated into successful deal execution in FY26, contributing to improved performance and enhanced positioning in industry league tables. During the year, Motilal Oswal Investment Banking continued to reinforce its leadership in the capital markets space by retaining the #1 position in the Qualified Institutional Placement (QIP) league table and #2 in Capital Markets in FY26. This achievement un
In Q4FY26, brokerage revenue growth is ~33% YoY. Now with a higher Page 7 of 12 base in the current financial year over last financial year, we expect the brokerage line item to catch up for coming periods, given that the regulatory impact is behind and our volumes are up. Deep Vakil- Participant: Sure, sir.
These are unrealized losses and most of it has already been recouped in the month of April 2026. • The strong operating performance has been delivered in the backdrop of head winded external environment, be it weak markets impacting mark -to-market in our AUM in multiple businesses coupled with multiple regulatory changes, like the F&O changes, r equirement of higher margins, etc., impacted market breadth. • Also, FY
(iii) Permanent Employees on the rolls of Company as on March 31, 2026: 7,616 Permanent Employees Motilal Oswal Financial Services Limited 84 Board’s Report (Contd.) (iv) Average percentile increase already made in the salaries of Employees other than the Managerial Personnel in the last FY and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there
A lot of our products are turning into brands & are being asked by the investors for investing. We have a very differentiated product basket. On top of it, there are unique products where we mix listed with unlisted.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…