About
Motilal Oswal Financial Services Limited offers financial services in India. It operates through Wealth Management, Capital Markets, Asset and Private Wealth Management, Home Finance, and Treasury Investments segments. The company offers wealth and asset management, private wealth management, and home finance; stock broking, securities brokerage, investment funds shares brokerage, and commodity contracts brokerage services; and financial and insurance services. It also offers institutional equities services, including cash and derivatives; private equity services; and investment banking services. It serves high net worth individuals; and mutual funds, foreign institutional investors, financial institutions, and corporate clients. Motilal Oswal Financial Services Limited was founded in 1987 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap62,264 Cr
P/E31.40
Div Yield0.58 %
Book Value₹214.00
52w High₹1,097.00
52w Low₹615.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,776.00 | 941.00 | 1,221.00 | 1,091.00 | 1,505.00 | 821.00 | 1,238.00 | 1,781.00 | 1,518.00 | 1,485.00 | 1,125.00 | 1,067.00 | 884.00 |
| Expenses | 733.00 | 758.00 | 689.00 | 672.00 | 701.00 | 658.00 | 674.00 | 803.00 | 714.00 | 714.00 | 532.00 | 578.00 | 488.00 |
| Operating Profit | 1,042.00 | 183.00 | 532.00 | 420.00 | 804.00 | 164.00 | 564.00 | 977.00 | 803.00 | 771.00 | 593.00 | 489.00 | 396.00 |
| OPM % | 59.00 | 19.00 | 44.00 | 38.00 | 53.00 | 20.00 | 46.00 | 55.00 | 53.00 | 52.00 | 53.00 | 46.00 | 45.00 |
| Other Income | 35.00 | 37.00 | 30.00 | 33.00 | 30.00 | 30.00 | 39.00 | 23.00 | 13.00 | 20.00 | 8.00 | 3.00 | 34.00 |
| Depreciation | 24.00 | 24.00 | 25.00 | 24.00 | 23.00 | 23.00 | 24.00 | 21.00 | 19.00 | 21.00 | 21.00 | 15.00 | 15.00 |
| Interest | 271.00 | 261.00 | 216.00 | 184.00 | 177.00 | 199.00 | 210.00 | 212.00 | 178.00 | 160.00 | 118.00 | 100.00 | 71.00 |
| Profit before tax | 782.00 | -65.00 | 321.00 | 246.00 | 634.00 | -28.00 | 369.00 | 768.00 | 619.00 | 609.00 | 461.00 | 377.00 | 345.00 |
| Tax % | 15.00 | -25.00 | 24.00 | 21.00 | 16.00 | -71.00 | 22.00 | 23.00 | 16.00 | 15.00 | 18.00 | 18.00 | 17.00 |
| Net Profit | 665.00 | -49.00 | 245.00 | 194.00 | 532.00 | -8.00 | 289.00 | 591.00 | 519.00 | 516.00 | 379.00 | 308.00 | 287.00 |
| EPS in Rs | 11.04 | -0.81 | 4.08 | 3.24 | 8.88 | -0.14 | 4.83 | 9.88 | 8.69 | 8.67 | 6.38 | 5.19 | 4.85 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,759.00 | 5,359.00 | 4,563.00 | 2,666.00 | 2,579.00 | 2,198.00 | 1,270.00 | 1,217.00 | 1,359.00 | 132.00 | 111.00 | 129.00 |
| Expenses | 2,819.00 | 2,851.00 | 2,313.00 | 1,700.00 | 1,550.00 | 1,096.00 | 953.00 | 733.00 | 731.00 | 5.00 | 20.00 | 26.00 |
| Operating Profit | 1,940.00 | 2,509.00 | 2,250.00 | 966.00 | 1,029.00 | 1,102.00 | 316.00 | 484.00 | 628.00 | 127.00 | 91.00 | 103.00 |
| OPM % | 41.00 | 47.00 | 49.00 | 36.00 | 40.00 | 50.00 | 25.00 | 40.00 | 46.00 | 96.00 | 82.00 | 80.00 |
| Other Income | 130.00 | 119.00 | 81.00 | 26.00 | 36.00 | -62.00 | 37.00 | 30.00 | -5.00 | -29.00 | 0.00 | 0.00 |
| Interest | 838.00 | 812.00 | 466.00 | 217.00 | 162.00 | 128.00 | 129.00 | 104.00 | 93.00 | 5.00 | 30.00 | 30.00 |
| Depreciation | 96.00 | 87.00 | 72.00 | 50.00 | 39.00 | 37.00 | 30.00 | 18.00 | 29.00 | 7.00 | 8.00 | 8.00 |
| Profit before tax | 1,135.00 | 1,728.00 | 1,792.00 | 725.00 | 864.00 | 876.00 | 194.00 | 392.00 | 500.00 | 86.00 | 53.00 | 65.00 |
| Tax % | 19.00 | 19.00 | 17.00 | 22.00 | 18.00 | 14.00 | -1.00 | 18.00 | 21.00 | 0.00 | 13.00 | 7.00 |
| Net Profit | 923.00 | 1,391.00 | 1,490.00 | 569.00 | 707.00 | 751.00 | 197.00 | 322.00 | 393.00 | 86.00 | 47.00 | 60.00 |
| EPS in Rs | 15.33 | 23.22 | 25.01 | 9.61 | 11.85 | 12.80 | 3.32 | 5.53 | 6.78 | 1.49 | 0.82 | 1.08 |
| Dividend Payout % | 39.00 | 22.00 | 14.00 | 26.00 | 21.00 | 20.00 | 30.00 | 38.00 | 31.00 | 92.00 | 106.00 | 70.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60.00 | 60.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 14.00 | 14.00 | 14.00 |
| Reserves | 7,890.00 | 7,057.00 | 5,901.00 | 4,439.00 | 4,227.00 | 3,602.00 | 2,749.00 | 2,579.00 | 2,367.00 | 655.00 | 579.00 | 561.00 |
| Borrowings | 13,732.00 | 8,757.00 | 6,773.00 | 3,737.00 | 2,172.00 | 2,080.00 | 1,430.00 | 1,420.00 | 1,271.00 | 458.00 | 398.00 | 443.00 |
| Other Liabilities | 8,200.00 | 6,447.00 | 8,181.00 | 5,703.00 | 4,381.00 | 3,397.00 | 1,972.00 | 1,693.00 | 1,624.00 | 32.00 | 27.00 | 48.00 |
| Total Liabilities | 29,883.00 | 22,321.00 | 20,870.00 | 13,893.00 | 10,795.00 | 9,093.00 | 6,166.00 | 5,706.00 | 5,277.00 | 1,159.00 | 1,019.00 | 1,066.00 |
| Fixed Assets | 717.00 | 716.00 | 575.00 | 435.00 | 330.00 | 326.00 | 307.00 | 281.00 | 277.00 | 141.00 | 144.00 | 152.00 |
| CWIP | 31.00 | 31.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6,859.00 | 6,418.00 | 5,476.00 | 4,056.00 | 4,347.00 | 3,944.00 | 3,780.00 | 3,095.00 | 3,123.00 | 655.00 | 490.00 | 357.00 |
| Other Assets | 22,277.00 | 15,155.00 | 14,819.00 | 9,402.00 | 6,119.00 | 4,823.00 | 2,078.00 | 2,329.00 | 1,878.00 | 363.00 | 385.00 | 556.00 |
| Total Assets | 29,883.00 | 22,321.00 | 20,870.00 | 13,893.00 | 10,795.00 | 9,093.00 | 6,166.00 | 5,706.00 | 5,277.00 | 1,159.00 | 1,019.00 | 1,066.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -5,527.00 | 607.00 | -498.00 | -1,332.00 | 879.00 | -660.00 | 784.00 | 306.00 | 487.00 | -49.00 | 286.00 | -255.00 |
| Cash from Investing Activity | 104.00 | -334.00 | -487.00 | 30.00 | -357.00 | 111.00 | -295.00 | -100.00 | -289.00 | -106.00 | -90.00 | 0.00 |
| Cash from Financing Activity | 4,643.00 | 2,213.00 | 3,202.00 | 1,212.00 | -53.00 | 443.00 | -70.00 | -132.00 | -181.00 | 49.00 | -90.00 | 260.00 |
| Net Cash Flow | -780.00 | 2,486.00 | 2,216.00 | -90.00 | 469.00 | -106.00 | 419.00 | 75.00 | 17.00 | -106.00 | 106.00 | 4.00 |
| Free Cash Flow | -5,593.00 | 422.00 | -638.00 | -1,455.00 | 837.00 | -712.00 | 724.00 | 286.00 | 457.00 | -49.00 | 286.00 | -255.00 |
| CFO/OP % | -272.00 | 36.00 | -11.00 | -123.00 | 97.00 | -50.00 | 272.00 | 79.00 | 92.00 | -34.00 | 322.00 | -237.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 274.00 | 126.00 | 117.00 | 92.00 | 94.00 | 102.00 | 138.00 | 355.00 | 196.00 | 0.00 | 0.00 | 0.00 |
| Cash Conversion Cycle | 274.00 | 126.00 | 117.00 | 92.00 | 94.00 | 102.00 | 138.00 | 355.00 | 196.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Days | -291.00 | -260.00 | -499.00 | -644.00 | -457.00 | -329.00 | -633.00 | -168.00 | -149.00 | -97.00 | -162.00 | 596.00 |
| ROCE % | 11.00 | 18.00 | 22.00 | 13.00 | 17.00 | 22.00 | 8.00 | 13.00 | 25.00 | 11.00 | 8.00 | 11.00 |
Corporate Actions
35 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Jan 2026 | 31 Jan 2026 | — | 6.00 | |
| Dividend | 31 Jan 2025 | 01 Feb 2025 | — | 5.00 | |
| Bonus | 10 Jun 2024 | 10 Jun 2024 | 3:1 | — | |
| Dividend | 06 Feb 2024 | 06 Feb 2024 | — | 14.00 | |
| Dividend | 04 Jul 2023 | 04 Jul 2023 | — | 3.00 | |
| Dividend | 03 Feb 2023 | 04 Feb 2023 | — | 7.00 | |
| Dividend | 01 Jul 2022 | 04 Jul 2022 | — | 3.00 | |
| Other | 26 May 2022 | 27 May 2022 | — | — | Buy Back of Shares |
| Other | 26 May 2022 | 27 May 2022 | — | — | Buyback |
| Dividend | 03 Feb 2022 | 04 Feb 2022 | — | 7.00 | |
| Dividend | 02 Aug 2021 | 03 Aug 2021 | — | 5.00 | |
| Dividend | 08 Feb 2021 | 09 Feb 2021 | — | 5.00 | |
| Dividend | 31 Jan 2020 | 03 Feb 2020 | — | 4.00 | |
| Dividend | 24 Jul 2019 | 25 Jul 2019 | — | 4.50 | |
| Dividend | 25 Jan 2019 | 28 Jan 2019 | — | 4.00 | |
| Dividend | 19 Sep 2018 | 21 Sep 2018 | — | 4.50 | |
| Dividend | 05 Feb 2018 | 06 Feb 2018 | — | 4.00 | |
| Dividend | 20 Jul 2017 | 21 Jul 2017 | — | 3.00 | |
| Dividend | 08 Feb 2017 | 09 Feb 2017 | — | 2.50 | |
| Dividend | 22 Mar 2016 | 23 Mar 2016 | — | 1.50 | |
| Dividend | 11 Feb 2016 | 13 Feb 2016 | — | 2.00 | |
| Dividend | 30 Jul 2015 | — | — | 1.00 | |
| Dividend | 05 Feb 2015 | 06 Feb 2015 | — | 2.00 | |
| Dividend | 13 Aug 2014 | — | — | 1.00 | |
| Dividend | 31 Oct 2013 | 01 Nov 2013 | — | 1.00 | |
| Dividend | 18 Jul 2013 | — | — | 1.00 | |
| Dividend | 23 Oct 2012 | 26 Oct 2012 | — | 1.00 | |
| Dividend | 16 Jul 2012 | — | — | 0.50 | |
| Dividend | 20 Jan 2012 | 23 Jan 2012 | — | 1.00 | |
| Dividend | 11 Jul 2011 | — | — | 1.40 | |
| Dividend | 14 Jul 2010 | — | — | 1.20 | |
| Dividend | 28 May 2009 | — | — | 0.80 | |
| Split | 25 Jul 2008 | 01 Aug 2008 | 5:1 | — | |
| Dividend | 14 May 2008 | — | — | 4.00 | NSE/BSE dividend mismatch: NSE=0.8; BSE=4.0 |
| Dividend | 14 May 2008 | — | — | 0.80 | NSE/BSE dividend mismatch: NSE=0.8; BSE=4.0 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update1 Sep from icra
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Rating update22 Jul from crisil
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Rating update6 Jul from icra
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Rating update6 Jul from fitch
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Rating update9 Feb from icra
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Rating update5 Feb from fitch
Conference Calls
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