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Motilal Oswal Financial Services Ltd.

FinanceFinance - Stock Broking

www.motilaloswal.com BSE: 532892NSE: MOTILALOFS

₹976.00BSE0.91%

16 Sep, 4:01 PM

₹976.00

₹58.79K Cr

29.69

4.21

15.79%

₹989.25

₹964.65

₹1,097.00

₹616.05

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Price Performance

Peer Comparison

Name
MCX LTD MCX	3,208.35	53.06	81,810.31	0.25	413.44	103.47%	702.00	88.10%	48.10
Motilal Oswal Financial Services Ltd. MOTILALOFS	976.00	29.69	58,786.75	0.61	1,273.71	9.53%	3,425.76	25.13%	12.68
360ONE 360ONE	1,045.30	33.76	42,602.72	1.15	330.53	16.11%	1,226.09	26.85%	12.28
NUVAMA NUVAMA	1,700.25	29.03	31,360.96	1.63	305.64	15.83%	1,376.22	22.59%	17.52
ANGELONE ANGELONE	293.00	25.95	26,781.27	1.38	231.40	102.15%	1,429.69	25.35%	14.87
CHOICE INT. CHOICEIN	724.00	68.01	16,129.02	0.00	60.61	26.37%	309.79	32.04%	19.43
IIFLCAPS IIFLCAPS	336.95	18.56	10,619.95	0.89	184.16	4.92%	631.48	2.29%	23.27
SISL SHAREINDIA	197.00	11.81	4,310.86	0.82	124.41	47.45%	448.09	31.25%	21.00

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2022	Sep 2022	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,051.31	1,320.53	1,654.83	2,314.31	2,841.06	1,993.40	1,190.26	2,737.78	1,849.11	2,111.66	2,676.20	3,425.76
Expenses	558.79	576.34	739.53	926.18	1,025.07	931.94	910.50	1,018.25	1,009.20	1,006.24	2,471.33	1,456.25
	492.52	744.19	915.30	1,388.13	1,815.99	1,061.46	279.76	1,719.53	839.91	1,105.42	204.87	1,969.51
	46.85%	56.36%	55.31%	59.98%	63.92%	53.25%	23.50%	62.81%	45.42%	52.35%	7.66%	57.49%
	0.82	4.43	0.66	18.85	15.38	25.65	18.29	7.12	10.76	8.50	16.05	6.47
Interest	111.97	125.94	241.13	326.54	354.29	319.15	298.49	294.92	317.39	336.38	387.72	414.24
	11.15	15.57	17.26	21.84	23.41	27.30	26.22	26.14	27.77	29.11	27.65	27.89
	370.86	608.13	656.37	1,058.60	1,453.67	740.66	-26.66	1,412.62	505.51	748.43	-194.45	1,533.85
	18.43%	16.13%	18.92%	16.53%	22.83%	23.58%	-137.02%	17.68%	28.28%	24.35%	-12.68%	16.96%
	299.56	509.27	531.19	881.89	1,120.08	564.52	-64.77	1,162.06	362.42	565.97	-221.28	1,273.11
	20.09	34.50	35.84	14.77	18.71	9.42	-1.08	19.38	6.04	9.42	-3.68	21.14

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	4,296.83	4,177.12	7,104.71	8,339.05	9,373.97
Operating Income (Net)	4,296.83	4,177.12	7,104.71	8,339.05	9,373.97
EXPENDITURE :
Employee Cost	878.21	1,008.38	1,329.81	1,741.39	1,972.84
Operating & Establishment Expenses	960.29	947.65	1,248.56	1,469.41	1,480.48
Administrations & Other Expenses	200.64	248.76	319.95	466.40	431.08
Provisions and Contingencies	140.81	97.05	126.95	121.95	195.21
	2,179.95	2,301.84	3,025.27	3,799.15	5,504.30
Operating Profit (Excl OI)	2,116.88	1,875.28	4,079.44	4,539.90	3,869.67
	21.96	21.18	74.00	83.58	42.45
	2,138.84	1,896.46	4,153.44	4,623.48	3,912.12
Interest	474.77	595.83	1,038.98	1,298.46	1,336.41
	48.26	58.38	82.58	98.76	110.67
Profit Before Taxation & Exceptional Items	1,615.81	1,242.25	3,031.88	3,226.26	2,465.04
	1,615.81	1,242.25	3,031.88	3,226.26	2,465.04
Provision for Tax	305.08	309.43	586.26	718.08	599.61
	1,310.73	932.82	2,445.62	2,508.18	1,865.43
Extra items				0.00	0.00
Minority Interest	-2.67	-3.09	-4.55	-6.54	-3.15
Share of Associate	1.72	1.96	-0.01		7.03
Consolidated Net Profit	1,309.78	931.69	2,441.06	2,501.64	1,869.31
Profit Balance B/F	3,204.38	4,306.98	4,989.49	7,152.90	9,342.61
Appropriations	4,514.16	5,238.67	7,430.55	9,654.54	11,211.92
Equity Dividend %	1,000.00%	1,000.00%	1,400.00%	500.00%	600.00%
	87.85	62.99	163.83	41.74	31.06
Adjusted EPS	21.96	15.75	40.96	41.74	31.06

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	14.91	14.79	14.90	59.93	60.19
Share Warrants & Outstandings	71.15	94.49	98.91	158.07	183.72
Total Reserves	5,588.31	6,142.96	8,617.96	10,861.33	12,644.21
Reserve excluding Revaluation Reserve	5,588.31	6,142.96	8,617.96	10,861.33	12,644.21
	5,674.37	6,252.24	8,731.77	11,079.33	12,888.12
Minority Interest	26.28	30.94	36.97	51.44	64.05
Secured Loans	1,145.49	1,469.24		2,595.28	2,686.11
Unsecured Loans	325.00	313.66	3,247.73	1,933.62	4,186.07
Deferred Tax Assets / Liabilities	124.44	149.79	295.76	440.87	414.00
Other Long Term Liabilities	0.98	1.70	128.17	193.06	189.98
Long Term Trade Payables			251.30	248.79	248.79
Long Term Provisions	2.12	3.80	19.02	55.23	75.78
Total Non-Current Liabilities	1,598.03	1,938.19	3,941.98	5,466.85	7,800.73
Trade Payables	3,700.86	3,502.25	5,312.42	5,071.97	5,327.92
Other Current Liabilities	905.49	2,602.94	3,139.87	1,950.40	2,838.42
Short Term Borrowings	4,681.02	8,493.02	10,497.88	10,202.71	14,382.94
Short Term Provisions	273.76	129.69	110.06	93.75	98.62
Total Current Liabilities	9,561.13	14,727.90	19,060.23	17,318.83	22,647.90
Total Liabilities	16,859.81	22,949.27	31,770.95	33,916.45	43,400.80
Loans (Non - Current Assets)	4,904.52	7,217.64	10,046.36	10,450.32	13,744.33
Gross Block	744.53	912.06	1,104.91	1,354.00	1,467.88
Less: Accumulated Depreciation	387.87	446.25	501.66	600.13	699.21
Net Block	356.66	465.81	603.25	753.87	768.67
Capital Work in Progress				114.63	115.14
Non Current Investments	4,084.45	4,196.46	5,999.13	7,832.69	9,223.58
Long Term Investment	4,084.45	4,196.46	5,999.13	7,832.69	9,223.58
Long Term Loans & Advances	64.36	82.70	340.35	321.26	254.02
Other Non Current Assets			164.68	231.97	761.25
Total Non-Current Assets	9,409.99	11,962.61	17,153.77	19,704.74	24,866.99
Currents Investments	600.46	590.50	501.52	1,017.95	1,075.60
Sundry Debtors	1,003.09	1,029.09	1,603.00	2,083.64	3,804.09
Cash and Bank	5,315.25	8,836.91	12,071.31	10,474.42	12,965.73
Other Current Assets	189.89	207.80	438.90	625.03	666.20
Short Term Loans and Advances	341.13	322.36	2.45	10.67	22.19
Total Current Assets	7,449.82	10,986.66	14,617.18	14,211.71	18,533.81
Net Current Assets (Including Current Investments)	-2,111.31	-3,741.24	-4,443.05	-3,107.12	-4,114.09
Total Assets	16,859.81	22,949.27	31,770.95	33,916.45	43,400.80
Contingent Liabilities	1,328.40	3,277.76	2,840.88	3,037.76	6,150.90
Total Debt	6,151.51	10,275.92	13,745.61	14,731.61	21,255.12
	375.80	416.35	579.39	182.23	211.07
Adjusted Book Value	93.95	104.09	144.85	182.23	211.07

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	1,615.82	1,242.25	3,031.88	3,226.26	2,465.04
Adjustment	-415.49	4.39	-1,292.69	-1,103.44	-260.14
Changes In working Capital	30.68	-4,030.22	-1,661.03	-353.39	-7,612.45
Cash Flow after changes in Working Capital	1,231.01	-2,783.58	78.16	1,769.43	-5,407.55
Cash Flow from Operating Activities	1,010.66	-3,057.90	-349.64	1,214.73	-6,070.70
Cash Flow from Investing Activities	-447.39	-273.72	-246.79	-1,077.28	-958.49
Cash Flow from Financing Activitie	282.19	3,770.39	3,305.79	745.00	6,153.99
Net Cash Inflow / Outflow	845.46	438.77	2,709.36	882.45	-875.20
Opening Cash & Cash Equivalents	1,292.08	2,137.54	2,576.31	5,134.74	6,017.19
Closing Cash & Cash Equivalent	2,137.54	2,576.31	5,285.67	6,017.19	5,141.99

Ratios

Valuation

29.69

4.21

16.12

6.07

32.88

232.07

Profitability

15.79

12.68

4.83

41.28

19.90

Leverage & Liquidity

1.67

0.82

2.84

Returns

0.61

0.24

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	69.04	68.86	68.71	68.44	67.80	67.69	67.62	67.54	67.20
	12.53	12.75	12.28	11.70	12.71	13.34	13.35	13.06	13.62
	18.43	18.39	19.01	19.85	19.49	18.97	19.02	19.41	19.18
	30.96	31.14	31.29	31.56	32.20	32.31	32.38	32.46	32.80
No. of Shareholders	1,35,984	1,63,551	2,26,754	2,87,331	2,60,286	2,41,297	2,38,488	2,41,961	2,25,318

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-16	Board Meeting	Quarterly Results
2026-04-23	Board Meeting	Quarterly Results & Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-06-08	Motilal Oswal Foundation	Inter-Se Transfer	Buy	1,455,000
2026-06-08	Motilal Oswal Foundation	Block Deal	Sell	1,455,000
2026-06-08	Motilal Oswal Healthcare Foundation	Inter-Se Transfer	Buy	365,000
2026-06-08	Motilal Oswal Healthcare Foundation	Block Deal	Sell	365,000
2026-06-08	Raamdeo Ramgopal Agrawal	Inter-Se Transfer	Sell	910,000
2026-06-08	Vimla Motilal Oswal	Inter-Se Transfer	Sell	910,000

Sector Overview

FinanceFinance - Stock Broking

Motilal Oswal Financial Services Ltd. operates in the Finance sector under the Finance - Stock Broking industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

17 members across the board and senior leadership

Kailash Purohit

Company Secretary & Compliance Officer

—

Raamdeo Agarawal

Chairman

₹12.00 L

Mar '26

Motilal Oswal

Managing Director & Chief Executive Officer

₹2.40 Cr

Mar '26

Navin Agarwal

Managing Director

₹39.46 Cr

Mar '26

Rajat Rajgarhia

Whole Time Director & CEO, Institutional Equities Business

₹14.46 Cr

Mar '26

Ajay Kumar Menon

Whole Time Director & CEO, Wealth Management Business

₹26.77 Cr

Mar '26

Pratik Oswal

Non Executive Director

—

Vaibhav Agrawal

Non Executive Director

—

C N Murthy