Motilal Oswal Financial Services Limited

NSEI:MOTILALOFS Stock Report

Market Cap: ₹570.9b

Motilal Oswal Financial Services Valuation

Is MOTILALOFS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MOTILALOFS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MOTILALOFS (₹953.2) is trading above our estimate of fair value (₹225.33)

Significantly Below Fair Value: MOTILALOFS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MOTILALOFS?

Key metric: As MOTILALOFS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MOTILALOFS. This is calculated by dividing MOTILALOFS's market cap by their current earnings.
What is MOTILALOFS's PE Ratio?
PE Ratio16.9x
Earnings₹33.85b
Market Cap₹570.89b

Price to Earnings Ratio vs Peers

How does MOTILALOFS's PE Ratio compare to its peers?

The above table shows the PE ratio for MOTILALOFS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average65.1x
360ONE 360 One Wam
51.5x15.2%₹481.3b
CDSL Central Depository Services (India)
76.7x15.5%₹407.3b
NAM-INDIA Nippon Life India Asset Management
36x12.6%₹478.1b
BSE BSE
96.2x32.3%₹773.5b
MOTILALOFS Motilal Oswal Financial Services
16.9x7.1%₹570.9b

Price-To-Earnings vs Peers: MOTILALOFS is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (65.1x).

Price to Earnings Ratio vs Industry

How does MOTILALOFS's PE Ratio compare vs other companies in the IN Capital Markets Industry?

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
533095 Bengal & Assam
2.9xn/aUS$1.23b
VLSFINANCE VLS Finance
4xn/aUS$144.52m
536773 Jindal Poly Investment and Finance
2.5xn/aUS$118.62m
JINDALPHOT Jindal Photo
2.7xn/aUS$113.97m
MOTILALOFS 16.9xIndustry Avg. 23.9xNo. of Companies35PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MOTILALOFS is good value based on its Price-To-Earnings Ratio (16.9x) compared to the Indian Capital Markets industry average (23.9x).

Price to Earnings Ratio vs Fair Ratio

What is MOTILALOFS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MOTILALOFS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: MOTILALOFS is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MOTILALOFS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹953.20
₹1,012.67
+6.2%
4.5%₹1,050.00₹948.00n/a3
Dec ’25₹919.25
₹1,012.67
+10.2%
4.5%₹1,050.00₹948.00n/a3
Nov ’25₹976.65
₹931.00
-4.7%
17.3%₹1,050.00₹703.00n/a3
Oct ’25₹742.80
₹709.33
-4.5%
1.6%₹725.00₹700.00n/a3
Sep ’25₹720.10
₹709.33
-1.5%
1.6%₹725.00₹700.00n/a3
Aug ’25₹653.40
₹608.08
-6.9%
24.3%₹725.00₹399.25n/a3
Jul ’25₹591.50
₹597.25
+1.0%
23.6%₹717.50₹399.25n/a3
Jun ’25₹554.93
₹597.25
+7.6%
23.6%₹717.50₹399.25n/a3
May ’25₹594.23
₹555.58
-6.5%
23.4%₹717.50₹399.25n/a3
Apr ’25₹438.18
₹458.08
+4.5%
9.4%₹500.00₹399.25n/a3
Mar ’25₹413.83
₹437.13
+5.6%
8.7%₹475.00₹399.25n/a2
Feb ’25₹452.13
₹437.13
-3.3%
8.7%₹475.00₹399.25n/a2
Jan ’25₹315.01
₹276.63
-12.2%
14.8%₹317.50₹235.75n/a2
Dec ’24₹297.49
₹276.63
-7.0%
14.8%₹317.50₹235.75₹919.252
Nov ’24₹253.45
₹242.88
-4.2%
2.9%₹250.00₹235.75₹976.652
Oct ’24₹219.71
₹242.88
+10.5%
2.9%₹250.00₹235.75₹742.802
Sep ’24₹227.18
₹227.75
+0.3%
9.7%₹250.00₹197.50₹720.103
Aug ’24₹207.39
₹227.75
+9.8%
9.7%₹250.00₹197.50₹653.403
Jul ’24₹182.00
₹212.50
+16.8%
5.3%₹225.00₹197.50₹591.503
Jun ’24₹159.81
₹212.50
+33.0%
5.3%₹225.00₹197.50₹554.933
May ’24₹154.64
₹212.50
+37.4%
5.3%₹225.00₹197.50₹594.233
Apr ’24₹152.58
₹217.08
+42.3%
6.4%₹228.75₹197.50₹438.183
Mar ’24₹150.60
₹217.08
+44.1%
6.4%₹228.75₹197.50₹413.833
Feb ’24₹167.23
₹226.88
+35.7%
0.8%₹228.75₹225.00₹452.132

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 12:24
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Motilal Oswal Financial Services Limited is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Manish ChowdharyCitigroup Inc
Avinash SinghEmkay Global Financial Services Ltd.