Financial Services · NIFTY 500

Motilal Oswal Financial Services Limited

NSEMOTILALOFS BSE532892 ISININE338I01027 SeriesEQ Listed on NSE · BSE

₹1,216.80 +60.30 (+5.21%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+11.76% in a year

Today

Open: ₹1,157.80
Prev close: ₹1,156.50
Day high: ₹1,227.50
Day low: ₹1,152.05
Volume: 49.01 L
Value traded: ₹593.53 Cr
Upper circuit: ₹1,247.25
Lower circuit: ₹1,174.65
52W high: ₹1,216.80
52W low: ₹614.90
1 month: +8.65%
6 months: +28.04%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹73,370 Cr

P/E (TTM)27.67

P/B4.72

Book value / share₹257.73

EPS (TTM)₹43.97

ROE17.4%

Dividend yield0.49%

Dividend (12m)₹6.00 / share

Net margin (TTM)24.0%

Operating marginn/a (bank)

Debt / equityn/a (bank)

Current ratio—

EV / EBITDA—

Sales growth (YoY qtr)+64.49%

Profit growth (YoY qtr)+198.20%

Sales CAGR 3Y+30.92%

Profit CAGR 3Y+26.13%

Shares60.30 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1,784660

Dec 23

2,141723

Mar 24

2,312882

Jun 24

2,8381,120

Sep 24

1,999565

Dec 24

1,209-64.8

Mar 25

2,7371,162

Jun 25

1,849362

Sep 25

2,112566

Dec 25

2,676-221

Mar 26

3,4261,273

Jun 26

3,0421,081

Sep 26

Revenue · QoQ (vs last quarter)

—+20%+8.0%+23%-30%-40%+126%-32%+14%+27%+28%-11%

Revenue · YoY (vs a year ago)

————+12%-44%+18%-35%+5.7%+121%+25%+64%

Net profit · QoQ (vs last quarter)

—+9.6%+22%+27%-50%-111%+1,894%-69%+56%-139%+675%-15%

Net profit · YoY (vs a year ago)

————-14%-109%+32%-68%+0.3%-242%+9.6%+198%

RevenueNet profitLine = trend

44.30

Dec 23

18.17

Mar 24

14.58

Jun 24

18.44

Sep 24

9.26

Dec 24

-1.06

Mar 25

19.10

Jun 25

5.97

Sep 25

9.21

Dec 25

-3.69

Mar 26

20.77

Jun 26

17.68

Sep 26

EPS (₹) · YoY (vs a year ago)

————-79%-106%+31%-68%-0.5%-248%+8.7%+196%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Interest earned	1,784	2,141	2,312	2,838	1,999	1,209	2,737	1,849	2,112	2,676	3,426	3,042
Other income	7.0	16.9	5.4	8.2	3.9	0.0	7.1	10.8	8.5	16.1	6.5	2.1
Total income	1,791	2,158	2,318	2,846	2,003	1,209	2,744	1,860	2,120	2,692	3,432	3,044
Raw material	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	342	0.0
Employee cost	304	398	397	454	458	432	534	513	485	440	528	594
Other expenses	111	132	146	178	179	206	143	181	185	1,644	212	222
Total expenses	983	1,228	1,259	1,392	1,262	1,235	1,339	1,354	1,372	2,887	1,898	1,711
Finance cost	262	295	318	347	303	298	295	317	336	388	414	476
Depreciation	24.0	23.9	21.8	23.4	27.3	26.2	26.1	27.8	29.1	27.7	27.9	29.6
Profit before tax	809	930	1,059	1,454	741	-26.7	1,406	506	748	-194	1,534	1,333
Tax	147	205	175	332	175	36.5	250	143	182	24.7	260	251
Net profit	661	725	884	1,122	566	-63.2	1,163	363	566	-219	1,274	1,081
Profit to shareholders	660	723	882	1,120	565	-64.8	1,162	362	566	-221	1,273	1,081
EPS (₹)	44.30	18.17	14.58	18.44	9.26	-1.06	19.10	5.97	9.21	-3.69	20.77	17.68

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

2,463294

FY19

2,358183

FY20

3,6261,245

FY21

4,2971,310

FY22

4,177932

FY23

7,0682,441

FY24

8,4172,502

FY25

9,3741,869

FY26

Revenue · YoY (vs a year ago)

—-4.3%+54%+19%-2.8%+69%+19%+11%

Net profit · YoY (vs a year ago)

—-38%+579%+5.2%-29%+162%+2.5%-25%

RevenueNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Interest earned	2,463	2,358	3,626	4,297	4,177	7,068	8,417	9,374
Other income	5.6	7.9	5.4	23.0	20.0	62.8	0.0	42.5
Total expenses	2,084	2,080	2,086	2,704	2,955	4,099	5,191	6,951
Employee cost	502	540	644	868	1,008	1,330	1,741	1,973
Finance cost	517	494	430	478	596	1,014	1,298	1,336
Depreciation	24.0	39.7	47.3	48.3	58.4	82.6	98.8	111
Profit before tax	384	285	1,457	1,616	1,242	3,032	3,226	2,465
Tax	94.1	69.8	259	305	309	586	718	600
Tax rate %	24.5%	24.5%	17.8%	18.9%	24.9%	19.3%	22.3%	24.3%
Net profit	298	190	1,259	1,312	935	2,446	2,508	1,872
Profit to shareholders	294	183	1,245	1,310	932	2,441	2,502	1,869
Net margin %	11.9%	7.8%	34.4%	30.5%	22.3%	34.5%	29.7%	19.9%
EPS (₹)	19.47	12.20	82.71	88.38	62.66	162.91	41.00	30.46

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

6,2833,3111.7

Mar 23

8,7695,23541.9

Mar 24

11,0794,47542.0

Mar 25

12,8885,7760.0

Mar 26

15,5417,1020.0

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+40%+26%+16%—

Shareholders' equityBorrowingsDepositsLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	6,283	8,769	11,079	12,888	15,541
Deposits	1.7	41.9	42.0	0.0	0.0
Total borrowings	3,311	5,235	4,475	5,776	7,102
Fixed assets (PPE)	427	569	731	730	765
Investments	4,787	6,501	8,851	10,299	13,894
Inventories	0.0	0.0	0.0	0.0	0.0
Cash & equivalents	2,576	5,286	6,600	5,161	6,447
Total assets	23,010	31,829	33,987	43,468	53,063
Debt / equity	0.53	0.60	0.40	0.45	0.46

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

1,011-447282

FY22

-3,058-2873,784

FY23

-349-2473,305

FY24

1,215-1,077745

FY25

-6,071-9586,154

FY26

Operations · YoY (vs a year ago)

—-403%+89%+448%-600%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,011	-3,058	-349	1,215	-6,071
Cash from investing	-447	-287	-247	-1,077	-958
Cash from financing	282	3,784	3,305	745	6,154
Spent on fixed assets	-54.5	-168	0.0	-101	-71.8
Free cash flow	956	-3,225	-349	1,114	-6,142
Net cash flow	845	439	2,709	882	-875

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

69.2%Mar 24

69.0%Jun 24

68.9%Sep 24

68.7%Dec 24

68.4%Mar 25

67.8%Jun 25

67.7%Sep 25

67.6%Dec 25

67.5%Mar 26

67.2%Jun 26

66.7%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

66.7%promoter

Promoter & group: 66.71%
Public (FIIs, mutual funds, retail…): 33.29%
Promoter change, last quarter: -0.49 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Interim Dividend - Rs 6 Per ShareEx 30-Jan-2026
Interim Dividend - Rs 5 Per ShEx 31-Jan-2025
Bonus 3:1Ex 10-Jun-2024
Interim Dividend - Rs 14 Per ShareEx 06-Feb-2024
Dividend - Rs 3 Per ShareEx 04-Jul-2023
Interim Dividend - Rs 7 Per ShareEx 03-Feb-2023
Dividend - Rs 3 Per ShareEx 01-Jul-2022
BuybackEx 26-May-2022

Board meetings

Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter & half year ended September 30, 2026 and Issuance of Non-Conv…29-Oct-2026
the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Fund raising.29-Oct-2026
Motilal Oswal Financial Services Limited has informed the Exchange about Board Meeting to be held on 23-Jul-2026 to inter-alia consider and approve t…23-Jul-2026
Motilal Oswal Financial Services Limited has informed the Exchange about Board Meeting to be held on 23-Jul-2026 to inter-alia consider and approve t…23-Jul-2026
the financial results for the period ended Jun 30, 202623-Jul-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates9 Nov
Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
Resignation of Director/KMP/SMP4 Nov
Press Release3 Nov
Change in Management3 Nov
Outcome of Board Meeting3 Nov
Analysts/Institutional Investor Meet/Con. Call Updates30 Oct

Latest news

NSE shares rise 2%, recover 20% from record low in less than a month. Why Motilal Oswal sees 19% upsideThe Economic Times · 11 Nov, 1:07 pm Motilal Oswal shares jump 5% to a record high; stock sees best month in over two yearsCNBC TV18 · 12 Nov, 12:13 pm Motilal Oswal shares jump 5% to a record high; stock sees best month in over two years - CNBC TV18LinkedIn · 12 Nov, 2:07 pm NIFTY Capital Market soars to record high: Motilal Oswal Financial, Aditya Birla Sun Life AMC, CDSL shares lead gainsUpstox · 12 Nov, 11:57 am Motilal Oswal Financial Services Hits All-Time High of Rs 1,195.55 as Momentum Builds Across TimeframesMarketsMojo · 12 Nov, 12:45 pm Buy IIFL Finance Ltd For Target Rs.850 by Motilal Oswal Financial Services LtdInvestment Guru India · 11 Nov, 9:26 am Motilal Oswal Q1FY27 Results: Treasury Gains Lift Profit, But Weak Core Performance Sends Stock Down Over 9%India Infoline · 24 Jul, 12:30 pm Motilal Oswal Financial Services stock jumps 5% as UBS initiates coverage with ‘buy’; sees 38% upsideMoneycontrol.com · 12 Jun, 12:30 pm

About

About Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian financial services company offering a range of financial products and services headquartered in Prabhadevi, Mumbai. The company was founded by Motilal Oswal and Raamdeo Agrawal in 1987.

From Wikipedia (CC BY-SA 4.0).

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Company details

Company name: Motilal Oswal Financial Services Limited
NSE symbol: MOTILALOFS
BSE scrip code: 532892
ISIN: INE338I01027
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 11 Sep 2007
Face value: ₹1 per share
Market lot: 1 share
Shares issued: 60.30 crore
Index: NIFTY 500
Sector (NSE): Financial Services
Industry: Investment Managers
Managing director / CEO: Motilal Oswal
Chair: Raamdeo Agrawal
Headquarters: Mumbai, IN
Registered address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST. Depot, Prabhadevi, Mumbai-400025
Founded: 2005
Employees: 12,459
Financial year: April to March
Results basis: Consolidated
Website: motilaloswalgroup.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Motilal Oswal Financial Services Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers