New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 23% Last year net profit margin: 35% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (23% net profit margin). Ankündigung • Apr 23
Motilal Oswal Financial Services Limited to Report Q4, 2026 Results on Apr 29, 2026 Motilal Oswal Financial Services Limited announced that they will report Q4, 2026 results on Apr 29, 2026 Ankündigung • Jan 29
Motilal Oswal Financial Services Limited Declares Interim Dividend for the Financial Year 2025-26 The Board of Directors of Motilal Oswal Financial Services Limited at its Meeting held on January 27, 2026, Declaration of Interim Dividend on the Equity Shares of the Company for the Financial Year 2025-26 of INR 6/- per Equity Share of the face value of INR 1/- each, out of the profits of the Company. Declared Dividend • Jan 29
Dividend increased to ₹6.00 Dividend of ₹6.00 is 20% higher than last year. Ex-date: 30th January 2026 Payment date: 25th February 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 28
Third quarter 2026 earnings released: EPS: ₹9.42 (vs ₹9.43 in 3Q 2025) Third quarter 2026 results: EPS: ₹9.42. Revenue: ₹17.7b (up 3.7% from 3Q 2025). Net income: ₹5.66b (flat on 3Q 2025). Profit margin: 32% (down from 33% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Capital Markets industry in India. Ankündigung • Jan 20
Motilal Oswal Financial Services Limited to Report Q3, 2026 Results on Jan 27, 2026 Motilal Oswal Financial Services Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 27, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹6.04 (vs ₹18.74 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.04 (down from ₹18.74 in 2Q 2025). Revenue: ₹18.6b (down 25% from 2Q 2025). Net income: ₹3.62b (down 68% from 2Q 2025). Profit margin: 20% (down from 45% in 2Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 23
Motilal Oswal Financial Services Limited to Report Q2, 2026 Results on Oct 30, 2025 Motilal Oswal Financial Services Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Ankündigung • Sep 25
Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) agreed to acquire an unknown minority stake in Kusumgar Corporates Private Limited for approximately INR 1 billion. Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) agreed to acquire an unknown minority stake in Kusumgar Corporates Private Limited for approximately INR 1 billion on September 24, 2025. The transaction involves the purchase of 1,643,836 equity shares and 1,095,890 compulsorily convertible preference shares.
For the year ended March 31, 2025, Kusumgar Limited reported total revenues of INR 7.79 billion.
The expected completion of the transaction is September 24, 2025 to October 1, 2025. Price Target Changed • Jul 30
Price target increased by 12% to ₹991 Up from ₹883, the current price target is an average from 4 analysts. New target price is 6.1% above last closing price of ₹934. Stock is up 42% over the past year. The company is forecast to post earnings per share of ₹48.22 for next year compared to ₹41.83 last year. Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹19.39 (vs ₹14.78 in 1Q 2025) First quarter 2026 results: EPS: ₹19.39 (up from ₹14.78 in 1Q 2025). Revenue: ₹24.1b (up 22% from 1Q 2025). Net income: ₹11.6b (up 32% from 1Q 2025). Profit margin: 48% (up from 45% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 17
Motilal Oswal Financial Services Limited to Report Q1, 2026 Results on Jul 24, 2025 Motilal Oswal Financial Services Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Reported Earnings • Jun 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹41.83 (up from ₹41.16 in FY 2024). Revenue: ₹70.9b (up 17% from FY 2024). Net income: ₹25.0b (up 2.5% from FY 2024). Profit margin: 35% (down from 40% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jun 23
Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 15, 2025 Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 15, 2025, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹790, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 33x in the Capital Markets industry in India. Total returns to shareholders of 295% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹371 per share. Reported Earnings • Apr 26
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹41.83 (up from ₹41.16 in FY 2024). Revenue: ₹71.2b (up 17% from FY 2024). Net income: ₹25.0b (up 2.5% from FY 2024). Profit margin: 35% (down from 40% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 45% per year. Ankündigung • Apr 25
Motilal Oswal Financial Services Limited Approves Executive Changes Motilal Oswal Financial Services Limited approved Designation of below Officers as Senior Management Personnel ("SMP") of the Company: 1. Mr. Vjghnesh Mehta as Chief Risk Officer 2. Mr. Sanchit Suneja: Chief Strategy Officer, effective April 25, 2025. Mr. Mehta brings 15 years of Financial Sector experience with specific focus in areas of Risk Management & Balance Sheet Management. He brings in a vast experience of working with organizations like Yes Bank, Edelweiss Capital & Fullerton India Credit Limited. He has undertaken roles across various risk related functions including Treasury Risk, Credit Risk, ALM Operational Risk and EnterpriseRisk. In his previous role, he was the Group EVP for Market Risk & ERM with Yes Bank. Mr. Mehta holds a Masters in Management from IIT Bombay and a Bachelors in Chemical Engineering from ICT, Mumbai along with additional qualifications from CFA Institute (CFA), GARP(FRM) and Institute of Actuaries, India. Mr. Mehta joined the Motilal Oswal group as the Group Risk Head in February'2025. Mr. Mehta brings 15 years of Financial Sector and Risk Management experience. He brings in a vast experience of working with organizations like Yes Bank, Edelweiss Capital & Fullerton India Credit Limited. He has undertaken roles across various risk related functions. Inhis previous role, he was the Group EVP for Market Risk with yes Bank. Mr. Mehta holds a degree/diploma in management from IIT Bombay and a Bachelors in Chemical Engineering from ICT, Mumbai along with qualifications from CFA Institute and Institute of Actuaries, India. Mr. Mehta joined the Motilal Oswal group as the Group Risk Head in February'2025. Mr. Suneja brings in a vast experience and extensive experience in digital transformation, due diligence, post-merger integration, and value creation strategies for top tier financial organisations. Sanchit in his previous role worked as an Associate Partner with Mckinsey and joined the Motilal Oswa1 group as the Group Chief Strategy Officer h April'2025. Mr. Suneja is a MBA from the Indian School of Business. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹769, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 32x in the Capital Markets industry in India. Total returns to shareholders of 255% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹512 per share. Ankündigung • Apr 18
Motilal Oswal Financial Services Limited to Report Q4, 2025 Results on Apr 25, 2025 Motilal Oswal Financial Services Limited announced that they will report Q4, 2025 results on Apr 25, 2025 Buy Or Sell Opportunity • Apr 02
Now 22% overvalued Over the last 90 days, the stock has fallen 38% to ₹613. The fair value is estimated to be ₹504, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Declared Dividend • Jan 30
Dividend of ₹5.00 announced Shareholders will receive a dividend of ₹5.00. Ex-date: 1st February 2025 Payment date: 27th February 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: ₹9.43 (vs ₹11.12 in 3Q 2024) Third quarter 2025 results: EPS: ₹9.43 (down from ₹11.12 in 3Q 2024). Revenue: ₹17.0b (up 12% from 3Q 2024). Net income: ₹5.65b (down 14% from 3Q 2024). Profit margin: 33% (down from 43% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 43% per year. Ankündigung • Jan 28
Motilal Oswal Financial Services Limited Declares an Interim Dividend on the Equity Shares for the Financial Year 2024-2025, Payable on or before February 26, 2025 The Board of Directors of Motilal Oswal Financial Services Limited at its Meeting held on January 28, 2025 has, inter alia, declared an Interim Dividend on the Equity Shares of the Company for the Financial Year 2024-2025 at the rate
of INR 5/- per Equity Share of the face value of INR 1/- each, out of the profits of the Company. Further, pursuant to the provisions of Regulation 42 of the Listing Regulations, the Board has fixed the Record Date as February 01, 2025 for the purpose of payment of Interim Dividend and the said Interim Dividend will be paid to the Equity Shareholders, whose names appear in the Register of Members/Beneficial Owners of the Company as on February 01, 2025. The Interim Dividend would be paid to all Equity Shareholders of the Company on or before February 26, 2025. Ankündigung • Jan 27
Motilal Oswal Group Reportedly Evaluates Sale of Home Finance Arm Mumbai-based financial services group Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) wants to exit the home finance business and has put its housing finance company on the block, three people aware of the matter said. The development comes in the backdrop of increased deal activity in the affordable housing space in the past few months, both from private equity investors and in the primary markets. Motilal Oswal has appointed investment bank Avendus Capital to look for potential buyers, the people cited above added on condition of anonymity. The group's holding company, Motilal Oswal Financial Services Ltd, along with other wholly owned subsidiaries, currently holds 97.49% stake in the housing finance subsidiary, Motilal Oswal Home Finance Limited Limited (MOHFL). While it was not immediately known how much the stake might fetch, some of its listed peers in the affordable housing space-such as Aadhar Housing Finance, Aavas Financiers, Aptus Value Housing Finance India, and Home First Finance Company-are trading at 2.8-3.9 times their book value or net worth. A spokesperson for Motilal Oswal Home Finance denied the move: "There is no such development of sale of business of Motilal Oswal Home Finance Limited (MOHFL)". The spokesperson added that the company continually evaluates various business opportunities as part of ongoing strategic efforts, and it would "communicate any relevant updates if there is any such specific development in future". An email sent to Avendus remained unanswered till press time. Ankündigung • Jan 21
Motilal Oswal Financial Services Limited to Report Q3, 2025 Results on Jan 28, 2025 Motilal Oswal Financial Services Limited announced that they will report Q3, 2025 results on Jan 28, 2025 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹745, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 32x in the Capital Markets industry in India. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹503 per share. Ankündigung • Oct 28
Lahori Reportedly in Talks for Funding Round Chandigarh-based beverage maker Archian Foods Private Limited (Lahori), which sells carbonated non-alcoholic drinks in local flavours, has held discussions with multiple investors to close a INR 4.00 billion round that may push up the company’s valuation threefold from its last fundraising, said people familiar with the matter. The financing round, a mix of primary and secondary transactions, may value the firm at INR 26.00 billion - INR 27.00 billion, up from INR 9.00 billion ascribed to it two years ago, they said. Lahori has been in talks with the likes of Abu Dhabi Investment Authority and Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) for the funding, said one of the persons, who did not wish to be identified. The transaction could see Belgian investor Verlinvest S.A.– founded by the family shareholders of beer maker InBev – sell part of its stake in Lahori, the people said. Verlinvest is the first institutional investor of Lahori, having invested $15 million in its series A round, and currently holds a 21.2% stake in the company. Lahori is looking to raise around INR 2.50 billion in primary capital, with the founders also planning to partially offload their stake. “The deal is still in discussion stages… investors such as Peak XV Partners have also held talks,” said another person. Queries emailed to Motilal Oswal Financial Services, Peak XV Partners (formerly Sequoia Capital India) and Verlinvest did not elicit any response. ADIA declined to comment. Ankündigung • Oct 21
Motilal Oswal Financial Services Limited to Report Q2, 2025 Results on Oct 28, 2024 Motilal Oswal Financial Services Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹826, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 35x in the Capital Markets industry in India. Total returns to shareholders of 276% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹677, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 33x in the Capital Markets industry in India. Total returns to shareholders of 249% over the past three years. Price Target Changed • Aug 17
Price target increased by 19% to ₹709 Up from ₹597, the current price target is an average from 3 analysts. New target price is 14% above last closing price of ₹624. Stock is up 179% over the past year. The company is forecast to post earnings per share of ₹40.02 for next year compared to ₹41.16 last year. Ankündigung • Aug 14
Motilal Oswal Financial Services Limited Approves to Confirm the Interim Dividend for Year Ended March 31, 2024 Motilal Oswal Financial Services Limited approved to confirm the Interim Dividend paid of INR 14/- per Equity Share of face value of INR 1/-. Equity Shareholders, as the final dividend for the financial year ended March 31, 2024. Reported Earnings • Jul 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹41.16 (up from ₹15.72 in FY 2023). Revenue: ₹60.7b (up 69% from FY 2023). Net income: ₹24.4b (up 162% from FY 2023). Profit margin: 40% (up from 26% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 55%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 24
Motilal Oswal Financial Services Limited, Annual General Meeting, Aug 14, 2024 Motilal Oswal Financial Services Limited, Annual General Meeting, Aug 14, 2024, at 11:00 Indian Standard Time. Ankündigung • Jul 18
Motilal Oswal Financial Services Limited to Report Q1, 2025 Results on Jul 25, 2024 Motilal Oswal Financial Services Limited announced that they will report Q1, 2025 results on Jul 25, 2024 Price Target Changed • Jul 09
Price target increased by 7.5% to ₹597 Up from ₹556, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of ₹544. Stock is up 193% over the past year. The company is forecast to post earnings per share of ₹37.15 for next year compared to ₹41.16 last year. Board Change • Jul 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director Swanubhuti Jain was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 03
Lal Sweets Reportedly Looks to Raise $40 Million from PE Investors Lal Sweets Private Limited is in talks to raise about $40 million from private equity investors. The potential deal values the company at $150 million - $175 million, according to three people with knowledge of the matter. The company, which sells sweets, cookies and savories, has received a term sheet from the private equity arm of Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS), one of the person cited above said. "The fund raise is a mix of primary and secondary capital, with the promoters selling some stake," the person added. The company has appointed investment bank Veda Corporate Advisors Private Limited to help with the fundraise. This is the first time the company is looking to raise external capital since its inception in 2010. "Motilal Oswal PE is doing due diligence," the second person cited above said. While Veda and Motilal Oswal did not respond to Mint's requests for a comment, Lal Sweets' Managing Director Prateek Athwani declined to comment on the developments. Ankündigung • May 31
Motilal Oswal Financial Services Limited Appoints Navin Agarwal as Managing Director Motilal Oswal Financial Services Limited at its EGM held on May 30, 2024, approved change in designation of Mr. Navin Agarwal and appointment as Managing Director of the Company. Ankündigung • Apr 26
Motilal Oswal Group Announces Management Changes of Motilal Oswal AMC Motilal Oswal Group announced strategic leadership changes to continue accelerating growth with transformative strategies in the AMC. The group elevated Prateek Agrawal as MD and CEO of Motilal Oswal AMC following former CEO Navin Agarwal's reshuffle to the group level. Navin Agarwal has been associated with the group for over 23 years and served as the chief of AMC for over 3 years. Under his leadership, the AMC has seen a strong turnaround in overall performance. He will continue to leverage his extensive experience and expertise to drive strategic initiatives and contribute to the overall growth of the Motilal Oswal Group. Having joined the AMC in 2022. During his tenure, he has demonstrated outstanding leadership and strategic insight. Further, Akhil Chaturvedi, currently chief business officer, is now elevated to the position of Executive Director. Akhil has been associated with the fund house for over 11 years and has been leading the entire sales and operations functions. He has 25 years of rich experience in multiple functional roles including sales, distribution, client advisory, and business development across leading asset management companies. Niket Shah, MF - Fund Manager of designated schemes of Motilal Oswal MF, has been elevated to the position of Chief Investment Officer. Niket has been associated with the Motilal Oswal Group for over 11 years. He has more than 14 years of experience as fund manager and research analyst. Ankündigung • Apr 21
Motilal Oswal Financial Services Limited to Report Q4, 2024 Results on Apr 26, 2024 Motilal Oswal Financial Services Limited announced that they will report Q4, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,096, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 31x in the Capital Markets industry in India. Total returns to shareholders of 255% over the past three years. Ankündigung • Apr 05
Motilal Oswal Financial Services Limited Appoints Sandeep Walunj as Group Chief Marketing Officer Motilal Oswal Financial Services has appointed Sandeep Walunj its chief marketing officer. He will spearhead the marketing function across group businesses. Walunj brings with him around 28 years of experience in marketing, digital, product and innovation across the banking, financial services and insurance, retail and fast-moving consumer goods sectors. Before joining Motilal Oswal Financial Services, he was working with Nippon India Life Asset Management. Previously he has worked with organizations such as Big Bazaar, PepsiCo India Holdings and Reckitt Benckiser. He did his PGDM from IIM Ahmedabad after a degree in engineering. Upcoming Dividend • Jan 30
Upcoming dividend of ₹14.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 06 February 2024. Payment date: 23 February 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.4%). Declared Dividend • Jan 26
Dividend increased to ₹14.00 Dividend of ₹14.00 is 100% higher than last year. Ex-date: 6th February 2024 Payment date: 23rd February 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 25
Third quarter 2024 earnings released: EPS: ₹44.49 (vs ₹15.45 in 3Q 2023) Third quarter 2024 results: EPS: ₹44.49 (up from ₹15.45 in 3Q 2023). Revenue: ₹15.3b (up 71% from 3Q 2023). Net income: ₹6.60b (up 191% from 3Q 2023). Profit margin: 43% (up from 25% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 18
Motilal Oswal Financial Services Limited to Report Q3, 2024 Results on Jan 24, 2024 Motilal Oswal Financial Services Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,520, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 32x in the Capital Markets industry in India. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,221, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 27x in the Capital Markets industry in India. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹576 per share. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹35.87 (vs ₹34.45 in 2Q 2023) Second quarter 2024 results: EPS: ₹35.87 (up from ₹34.45 in 2Q 2023). Revenue: ₹14.0b (up 19% from 2Q 2023). Net income: ₹5.31b (up 4.3% from 2Q 2023). Profit margin: 38% (down from 43% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 26
Motilal Oswal Financial Services Limited to Report Q2, 2024 Results on Nov 01, 2023 Motilal Oswal Financial Services Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Swanubhuti Jain was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 14
Price target increased by 12% to ₹972 Up from ₹864, the current price target is an average from 2 analysts. New target price is 11% above last closing price of ₹877. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹77.18 for next year compared to ₹62.89 last year. New Risk • Jul 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (₹17m sold). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: ₹35.62 (vs ₹2.10 in 1Q 2023) First quarter 2024 results: EPS: ₹35.62 (up from ₹2.10 in 1Q 2023). Revenue: ₹12.9b (up 105% from 1Q 2023). Net income: ₹5.27b (up ₹4.96b from 1Q 2023). Profit margin: 41% (up from 5.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 23
Motilal Oswal Financial Services Limited to Report Q1, 2024 Results on Jul 27, 2023 Motilal Oswal Financial Services Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Ankündigung • Jul 13
Motilal Oswal Financial Services Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Motilal Oswal Financial Services Limited approved final dividend of INR 3/- per equity share of face value of INR 1/- each and to confirm the interim dividend paid of INR 7/- per equity share of face value of INR 1/- each to its equity shareholders for the financial year ended March 31, 2023 at its annual general meeting held on July 11, 2023. New Risk • Jun 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹17m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (₹17m sold). Upcoming Dividend • Jun 27
Upcoming dividend of ₹3.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.1%). New Risk • Jun 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Ankündigung • Jun 17
Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 11, 2023 Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 11, 2023, at 16:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements of the Company together with the Report of the Board of Directors and the Auditors thereon for the financial year ended March 31, 2023; to consider and adopt the Audited Consolidated Financial Statements of the Company together with the Report of the Auditors thereon for the financial year ended March 31, 2023; to consider final dividend for the financial year ended March 31, 2023; to consider directorate reelections; and to consider other matters. Recent Insider Transactions • Jun 17
Co-Founder & Non-Executive Chairman recently sold ₹17m worth of stock On the 14th of June, Raamdeo Agrawal sold around 25k shares on-market at roughly ₹674 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Raamdeo has been a net buyer over the last 12 months, purchasing a net total of ₹85m worth of shares. Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹62.89 (down from ₹89.14 in FY 2022). Revenue: ₹36.0b (down 4.4% from FY 2022). Net income: ₹9.32b (down 29% from FY 2022). Profit margin: 26% (down from 35% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 29
Co-Founder & Non-Executive Chairman recently bought ₹11m worth of stock On the 24th of March, Raamdeo Agrawal bought around 20k shares on-market at roughly ₹559 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Raamdeo's only on-market trade for the last 12 months. Ankündigung • Jan 28
Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) acquired Mo Alternative Ifsc Private Limited. Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) acquired Mo Alternative Ifsc Private Limited on December 12, 2022. MO Alternate has become a wholly owned subsidiary Motilal Oswal. Thus business combination transaction is accounted for under acquisition method.
Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) completed the acquisition of Mo Alternative Ifsc Private Limited on December 12, 2022. Ankündigung • Jan 25
Motilal Oswal Financial Services Limited Declares Interim Dividend on the Equity Shares for the Financial Year 2022-23, Payable on or Before February 22, 2023 Motilal Oswal Financial Services Limited declared an Interim Dividend on the Equity Shares of the Company for the Financial Year 2022-23 at the rate of INR 7 per Equity Share of the face value of INR 1 each, out of the profits of the Company. the Board has fixed the record date as February 04, 2023 for the purpose of payment of an Interim Dividend and the said Interim Dividend will be paid to the equity shareholders, whose names appear in the Register of Members/Beneficial Owners of the Company as on February 04, 2023. The said Interim Dividend would be paid to all the equity shareholders of the Company on or before February 22, 2023. Reported Earnings • Jan 25
Third quarter 2023 earnings released: EPS: ₹15.45 (vs ₹16.20 in 3Q 2022) Third quarter 2023 results: EPS: ₹15.45 (down from ₹16.20 in 3Q 2022). Revenue: ₹8.99b (up 5.6% from 3Q 2022). Net income: ₹2.26b (down 5.0% from 3Q 2022). Profit margin: 25% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Capital Markets industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Jan 18
Motilal Oswal Financial Services Limited to Report Q3, 2023 Results on Jan 24, 2023 Motilal Oswal Financial Services Limited announced that they will report Q3, 2023 results on Jan 24, 2023 Price Target Changed • Jan 16
Price target decreased to ₹915 Down from ₹1,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹736. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₹58.50 for next year compared to ₹89.14 last year. Recent Insider Transactions • Nov 30
Insider recently sold ₹1.6m worth of stock On the 25th of November, Rishi Bobra sold around 3k shares on-market at roughly ₹653 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹77m more than they bought in the last 12 months. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Swanubhuti Jain was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 12
Motilal Oswal Financial Services Limited to Report Q2, 2023 Results on Oct 21, 2022 Motilal Oswal Financial Services Limited announced that they will report Q2, 2023 results on Oct 21, 2022 Recent Insider Transactions • Sep 03
Insider recently sold ₹15m worth of stock On the 29th of August, Akhil Chaturvedi sold around 20k shares on-market at roughly ₹770 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹136m more than they bought in the last 12 months. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: ₹2.10 (vs ₹15.07 in 1Q 2022) First quarter 2023 results: EPS: ₹2.10 (down from ₹15.07 in 1Q 2022). Net income: ₹312.6m (down 86% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 22
Motilal Oswal Financial Services Limited to Report Q1, 2023 Results on Jul 28, 2022 Motilal Oswal Financial Services Limited announced that they will report Q1, 2023 results on Jul 28, 2022 Recent Insider Transactions • Jul 02
Insider recently sold ₹11m worth of stock On the 28th of June, Ashish Shanker sold around 15k shares on-market at roughly ₹731 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹124m more than they bought in the last 12 months. Recent Insider Transactions • Jun 24
Insider recently sold ₹4.5m worth of stock On the 20th of June, Gaurav Kedia sold around 6k shares on-market at roughly ₹752 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.0m. Insiders have been net sellers, collectively disposing of ₹113m more than they bought in the last 12 months. Reported Earnings • Jun 23
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹89.14 (up from ₹85.67 in FY 2021). Revenue: ₹37.7b (up 20% from FY 2021). Net income: ₹13.1b (up 3.9% from FY 2021). Profit margin: 35% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 12%, compared to a 5.9% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 18
Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 11, 2022 Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 11, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statement of the Company together with the Report of the Board of Directors and the Auditors thereon for the financial year ended March 31, 2022; to consider and adopt the Audited Consolidated Financial Statement of the Company together with the Report of the Auditors thereon for the financial year ended March 31, 2022; to declare a final dividend; to consider appointment of a Director in place of Mr. Raamdeo Agarawal; to consider appointment of a Director in place of Mr. Navin Agarwal; and to transact other matters. Recent Insider Transactions • May 29
Insider recently sold ₹3.3m worth of stock On the 25th of May, Gaurav Kedia sold around 4k shares on-market at roughly ₹817 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹4.6m. Insiders have been net sellers, collectively disposing of ₹100m more than they bought in the last 12 months. Ankündigung • May 18
Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) announces an Equity Buyback for 1,454,545 shares, representing 0.98% for INR 1,600 million. Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) announces a share repurchase program. Under the program, the company will repurchase up to 1,454,545 shares, representing 0.98% of its issued share capital for INR 1,600 million. The share will be repurchased at a price of INR 1,100 per share. The company has fixed May 27, 2022, as the record date. As of May 17, 2022, the company has 149,062,919 shares are issued and outstanding. Reported Earnings • Apr 29
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹89.14 (up from ₹84.65 in FY 2021). Revenue: ₹38.4b (up 20% from FY 2021). Net income: ₹13.1b (up 5.2% from FY 2021). Profit margin: 34% (down from 39% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.2%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to ₹1,220 Up from ₹819, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₹904. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₹87.10 for next year compared to ₹84.65 last year. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Swanubhuti Jain was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 23
Motilal Oswal Financial Services Limited to Report Q4, 2022 Results on Apr 28, 2022 Motilal Oswal Financial Services Limited announced that they will report Q4, 2022 results on Apr 28, 2022 Recent Insider Transactions • Apr 02
Insider recently sold ₹4.6m worth of stock On the 25th of March, Siddharth Bothra sold around 5k shares on-market at roughly ₹920 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹98m more than they bought in the last 12 months. Recent Insider Transactions • Mar 10
Insider recently sold ₹3.8m worth of stock On the 4th of March, Gaurav Kedia sold around 5k shares on-market at roughly ₹851 per share. In the last 3 months, they made an even bigger sale worth ₹5.9m. Insiders have been net sellers, collectively disposing of ₹93m more than they bought in the last 12 months. Recent Insider Transactions • Feb 23
Insider recently sold ₹3.8m worth of stock On the 16th of February, Girish Kartik sold around 4k shares on-market at roughly ₹944 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹5.9m. Despite this recent sale, insiders have collectively bought ₹39m more than they sold in the last 12 months. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹16.20 (down from ₹22.84 in 3Q 2021). Revenue: ₹8.61b (up 1.9% from 3Q 2021). Net income: ₹2.38b (down 29% from 3Q 2021). Profit margin: 28% (down from 40% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Over the next year, revenue is forecast to grow 1.7%, compared to a 5.4% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹16.20 (down from ₹22.84 in 3Q 2021). Revenue: ₹8.61b (up 1.9% from 3Q 2021). Net income: ₹2.38b (down 29% from 3Q 2021). Profit margin: 28% (down from 40% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Over the next year, revenue is forecast to grow 1.7%, compared to a 5.4% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.