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Motilal Oswal Financial Services Limited (MOTILALOFS) Report Analysis

Corporate Events

Neutral

Motilal Oswal Financial Services Limited - Shar...

2022-11-16 00:00:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Q2 20...

2022-10-11 12:46:00

Motilal Oswal Financial Services Limited, Q2 2023 Earnings Call, Oct 21, 2022

Neutral

Motilal Oswal Financial Services Limited, Board...

2022-10-11 11:10:00

Motilal Oswal Financial Services Limited, Board Meeting, Oct 21, 2022, at 12:00 Indian Standard Time. Agenda: To consider and approve Unaudite...

Neutral

Motilal Oswal Financial Services Limited to Rep...

2022-10-11 11:10:00

Motilal Oswal Financial Services Limited announced that they will report Q2, 2023 results on Oct 21, 2022

Positive

Stockation Private Limited announced that it ex...

2022-09-15 00:00:00

Stockation Private Limited announced that it will issue seed compulsorily convertible cumulative preference shares for total gross proceeds of...

Neutral

Motilal Oswal Financial Services Limited - Shar...

2022-09-08 13:56:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-09-03 10:28:00

Motilal Oswal Financial Services Limited, Motilal Oswal Equity Investor Conference, Sep 19, 2022. Venue: Mumbai, Maharashtra, India.

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-08-01 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022. Venue: Grand Hyatt, Mumbai, India.

Neutral

Motilal Oswal Financial Services Limited, Q1 20...

2022-07-21 12:55:00

Motilal Oswal Financial Services Limited, Q1 2023 Earnings Call, Jul 29, 2022

Neutral

Motilal Oswal Financial Services Limited to Rep...

2022-07-21 12:35:00

Motilal Oswal Financial Services Limited announced that they will report Q1, 2023 results on Jul 28, 2022

Neutral

Motilal Oswal Financial Services Limited, Board...

2022-07-21 12:35:00

Motilal Oswal Financial Services Limited, Board Meeting, Jul 28, 2022, at 15:15 Indian Standard Time. Agenda: To consider and approve Unaudite...

Neutral

Tranche Update on Motilal Oswal Financial Servi...

2022-07-20 16:51:00

From May 17, 2022 to July 7, 2022, the company has repurchased 1,454,545 shares, representing 0.98% for INR 1,600 million. With this, the comp...

Positive

Motilal Oswal Financial Services Limited Approv...

2022-07-12 11:27:00

Motilal Oswal Financial Services Limited announced that the Annual General Meeting of the Members of the Company will be held on July 11, 2022...

Negative

Motilal Oswal Financial Services Limited Approv...

2022-07-12 11:27:00

Motilal Oswal Financial Services Limited announced that the Annual General Meeting of the Members of the Company will be held on July 11, 2022...

Positive

Motilal Oswal Financial Services Limited's Equi...

2022-07-07 00:00:00

The company closed its plan on July 7, 2022.

Neutral

Motilal Oswal Financial Services Limited - Shar...

2022-06-17 14:14:00

AGM

Neutral

Motilal Oswal Financial Services Limited, Annua...

2022-06-17 14:14:00

Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 11, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt t...

Neutral

Motilal Oswal Financial Services Limited, Inves...

2022-05-26 13:25:00

Motilal Oswal Financial Services Limited, Investor Conference, May 30, 2022. Venue: Chennai, Tamil Nadu, India.

Positive

Motilal Oswal Financial Services Limited (NSEI:...

2022-05-17 18:25:00

Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) announces a share repurchase program. Under the program, the company will repurchas...

Positive

Motilal Oswal Financial Services Limited author...

2022-05-17 00:00:00

The Board of Directors of Motilal Oswal Financial Services Limited has authorized a buyback plan on May 17, 2022.

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-05-16 12:05:00

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022. Venue: Mumbai , Maharashtra, India.

Positive

Motilal Oswal Financial Services Limited Announ...

2022-05-10 12:38:00

Motilal Oswal Financial Services Limited announced issuance Of Non-Convertible Debentures of upto INR 10,000 million on Private Placement in o...

Neutral

Motilal Oswal Financial Services Limited, Board...

2022-04-28 08:29:00

Motilal Oswal Financial Services Limited, Board Meeting, May 17, 2022, at 16:00 Indian Standard Time. Agenda: To consider and if deemed fit, t...

Negative

Motilal Oswal Financial Services Limited Recomm...

2022-04-28 08:24:00

The Board of Directors of Motilal Oswal Financial Services Limited at its Meeting held on April 28, 2022 considered and approved the Recommend...

Positive

Motilal Oswal Financial Services Limited's Boar...

2022-04-28 00:00:00

On April 28, 2022, the company announced that its Board of Directors will consider a share repurchase program. Under the program the company w...

Positive

Motilal Oswal Financial Services Limited, 3.00 ...

2022-04-28 00:00:00

Motilal Oswal Financial Services Limited, 3.00 (INR), Cash Dividend, Jul-01-2022

Neutral

Motilal Oswal Financial Services Limited to Rep...

2022-04-22 13:42:00

Motilal Oswal Financial Services Limited announced that they will report Q4, 2022 results on Apr 28, 2022

Neutral

Motilal Oswal Financial Services Limited, Board...

2022-04-22 13:42:00

Motilal Oswal Financial Services Limited, Board Meeting, Apr 28, 2022, at 11:45 Indian Standard Time. Agenda: To discuss Audited Financial Res...

Neutral

Motilal Oswal Financial Services Limited, Q4 20...

2022-04-22 13:24:00

Motilal Oswal Financial Services Limited, Q4 2022 Earnings Call, Apr 29, 2022

Neutral

Motilal Oswal Financial Services Limited, Board...

2022-03-30 17:03:00

Motilal Oswal Financial Services Limited, Board Meeting, Mar 30, 2022.

Neutral

Motilal Oswal Financial Services Limited - Shar...

2022-02-10 11:36:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-02-02 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal AMC, Feb 02, 2022.

Positive

Motilal Oswal Financial Services Limited Declar...

2022-01-27 12:08:00

Motilal Oswal Financial Services Limited announced that Board of Directors of the Company at its meeting held on January 27, 2022 declared an ...

Negative

Motilal Oswal Financial Services Limited Report...

2022-01-27 11:56:00

Motilal Oswal Financial Services Limited reported impairment for the third quarter ended December 31, 2021. Impairment on financial instrument...

Neutral

Motilal Oswal Financial Services Limited, Q3 20...

2022-01-20 00:00:00

Motilal Oswal Financial Services Limited, Q3 2022 Earnings Call, Jan 28, 2022

Positive

Motilal Oswal Financial Services Limited, 7.00 ...

2022-01-20 00:00:00

Motilal Oswal Financial Services Limited, 7.00 (INR), Cash Dividend, Feb-03-2022

Neutral

Motilal Oswal Financial Services Limited - Shar...

2022-01-12 13:59:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited - Shar...

2022-01-11 00:00:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Positive

Motilal Oswal Financial Seeks Acquisitions

2021-12-13 10:56:00

Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) is looking for acquisitions. It expects to grow its balance sheet to at least INR 1...

Neutral

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

2022-11-16 00:00:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Q2 2023 Earnings Call, Oct 21, 2022

2022-10-11 12:46:00

Motilal Oswal Financial Services Limited, Q2 2023 Earnings Call, Oct 21, 2022

Neutral

Motilal Oswal Financial Services Limited, Board Meeting, Oct 21, 2022

2022-10-11 11:10:00

Motilal Oswal Financial Services Limited, Board Meeting, Oct 21, 2022, at 12:00 Indian Standard Time. Agenda: To consider and approve Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter & half year ended September 30, 2022.

Neutral

Motilal Oswal Financial Services Limited to Report Q2, 2023 Results on Oct 21, 2022

2022-10-11 11:10:00

Motilal Oswal Financial Services Limited announced that they will report Q2, 2023 results on Oct 21, 2022

Positive

Stockation Private Limited announced that it expects to receive INR 20 million in funding from Motilal Oswal Financial Services Limited

2022-09-15 00:00:00

Stockation Private Limited announced that it will issue seed compulsorily convertible cumulative preference shares for total gross proceeds of INR 20,000,000 on September 15, 2022. The transaction will include participation from new investor, Motilal Oswal Financial Services Limited. The transaction is expected to close within 12 months from the date of announcement. The investor will hold 3,102 seed compulsorily convertible cumulative preference shares which consist 19.90% of total paid up capital of the company post closing of the transaction. On the same date, the company issued 1,164 seed compulsorily convertible cumulative preference shares constituting 8.53% of the issued and paid up capital of the company for gross proceeds of INR 7,500,000 in its first tranche closing.

Neutral

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

2022-09-08 13:56:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal Equity Investor Conference, Sep 19, 2022

2022-09-03 10:28:00

Motilal Oswal Financial Services Limited, Motilal Oswal Equity Investor Conference, Sep 19, 2022. Venue: Mumbai, Maharashtra, India.

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022

2022-08-01 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022. Venue: Grand Hyatt, Mumbai, India.

Neutral

Motilal Oswal Financial Services Limited, Q1 2023 Earnings Call, Jul 29, 2022

2022-07-21 12:55:00

Motilal Oswal Financial Services Limited, Q1 2023 Earnings Call, Jul 29, 2022

Neutral

Motilal Oswal Financial Services Limited to Report Q1, 2023 Results on Jul 28, 2022

2022-07-21 12:35:00

Motilal Oswal Financial Services Limited announced that they will report Q1, 2023 results on Jul 28, 2022

Neutral

Motilal Oswal Financial Services Limited, Board Meeting, Jul 28, 2022

2022-07-21 12:35:00

Motilal Oswal Financial Services Limited, Board Meeting, Jul 28, 2022, at 15:15 Indian Standard Time. Agenda: To consider and approve Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2022.

Neutral

Tranche Update on Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS)'s Equity Buyback Plan announced on May 17, 2022.

2022-07-20 16:51:00

From May 17, 2022 to July 7, 2022, the company has repurchased 1,454,545 shares, representing 0.98% for INR 1,600 million. With this, the company has completed the repurchase of 1,454,545 shares, representing 0.98% for INR 1,600 million under the buyback announced on May 17, 2022.

Positive

Motilal Oswal Financial Services Limited Approves Interim Dividend for the Financial Year Ended March 31, 2022

2022-07-12 11:27:00

Motilal Oswal Financial Services Limited announced that the Annual General Meeting of the Members of the Company will be held on July 11, 2022, approved confirmation of the interim dividend paid at the rate of INR 7 per equity share of face value of INR 1 each to its equity shareholders for the financial year ended March 31, 2022.

Negative

Motilal Oswal Financial Services Limited Approves Final Dividend for the Year Ended March 31, 2022

2022-07-12 11:27:00

Motilal Oswal Financial Services Limited announced that the Annual General Meeting of the Members of the Company will be held on July 11, 2022, approved declaration of final dividend of INR 3 per equity share of face value of INR 1 each to its equity shareholders for the financial year ended March 31, 2022.

Positive

Motilal Oswal Financial Services Limited's Equity Buyback announced on May 17, 2022, has closed with 1,454,545 shares, representing 0.98% for INR 1,600 million.

2022-07-07 00:00:00

The company closed its plan on July 7, 2022.

Neutral

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

2022-06-17 14:14:00

AGM

Neutral

Motilal Oswal Financial Services Limited, Annual General Meeting, Jul 11, 2022

2022-06-17 14:14:00

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.

Neutral

Motilal Oswal Financial Services Limited, Investor Conference, May 30, 2022

2022-05-26 13:25:00

Motilal Oswal Financial Services Limited, Investor Conference, May 30, 2022. Venue: Chennai, Tamil Nadu, India.

Positive

Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) announces an Equity Buyback for 1,454,545 shares, representing 0.98% for INR 1,600 million.

2022-05-17 18:25:00

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. The offer will expire on July 7, 2022.

Positive

Motilal Oswal Financial Services Limited authorizes a Buyback Plan.

2022-05-17 00:00:00

The Board of Directors of Motilal Oswal Financial Services Limited has authorized a buyback plan on May 17, 2022.

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022

2022-05-16 12:05:00

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022. Venue: Mumbai , Maharashtra, India.

Positive

Motilal Oswal Financial Services Limited Announces Issuance of Non-Convertible Debentures on Private Placement

2022-05-10 12:38:00

Motilal Oswal Financial Services Limited announced issuance Of Non-Convertible Debentures of upto INR 10,000 million on Private Placement in one or more tranches.

Neutral

Motilal Oswal Financial Services Limited, Board Meeting, May 17, 2022

2022-04-28 08:29:00

Motilal Oswal Financial Services Limited, Board Meeting, May 17, 2022, at 16:00 Indian Standard Time. Agenda: To consider and if deemed fit, to approve the proposal for Buy-Back of the Equity Shares of the Company as well as matters related/incidental thereto.

Negative

Motilal Oswal Financial Services Limited Recommends Final Dividend for the Financial Year 2021-22

2022-04-28 08:24:00

The Board of Directors of Motilal Oswal Financial Services Limited at its Meeting held on April 28, 2022 considered and approved the Recommendation of Final Dividend on the Equity Shares of the Company for the financial year 2021-22 at the rate of INR 3 per Equity Share of the face value of INR 1 each, out of the profits. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting (" AGM"), will be paid within 30 days from the date of AGM.

Positive

Motilal Oswal Financial Services Limited's Board intends to launch an Equity Buyback on May 17, 2022.

2022-04-28 00:00:00

On April 28, 2022, the company announced that its Board of Directors will consider a share repurchase program. Under the program the company will repurchase its own shares.

Positive

Motilal Oswal Financial Services Limited, 3.00 (INR), Cash Dividend, Jul-01-2022

2022-04-28 00:00:00

Motilal Oswal Financial Services Limited, 3.00 (INR), Cash Dividend, Jul-01-2022

Neutral

Motilal Oswal Financial Services Limited to Report Q4, 2022 Results on Apr 28, 2022

2022-04-22 13:42:00

Motilal Oswal Financial Services Limited announced that they will report Q4, 2022 results on Apr 28, 2022

Neutral

Motilal Oswal Financial Services Limited, Board Meeting, Apr 28, 2022

2022-04-22 13:42:00

Motilal Oswal Financial Services Limited, Board Meeting, Apr 28, 2022, at 11:45 Indian Standard Time. Agenda: To discuss Audited Financial Results (Standalone & Consolidated) of the Company for the quarter & financial year ended March 31, 2022; and to consider issuance of Non-Convertible Debentures not exceeding INR 10 billion on private placement basis in one or more tranches.

Neutral

Motilal Oswal Financial Services Limited, Q4 2022 Earnings Call, Apr 29, 2022

2022-04-22 13:24:00

Motilal Oswal Financial Services Limited, Q4 2022 Earnings Call, Apr 29, 2022

Neutral

Motilal Oswal Financial Services Limited, Board Meeting, Mar 30, 2022

2022-03-30 17:03:00

Motilal Oswal Financial Services Limited, Board Meeting, Mar 30, 2022.

Neutral

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

2022-02-10 11:36:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal AMC, Feb 02, 2022

2022-02-02 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal AMC, Feb 02, 2022.

Positive

Motilal Oswal Financial Services Limited Declares Interim Dividend for the Financial Year 2021-22, Payable on or Before February 24, 2022

2022-01-27 12:08:00

Motilal Oswal Financial Services Limited announced that Board of Directors of the Company at its meeting held on January 27, 2022 declared an Interim Dividend on the Equity Shares of the Company for the Financial Year 2021-22 at the rate of INR 7/- per Equity Share on the face value of INR 1/- each, out of the profits of the Company. The Board has fixed the record date as February 04, 2022 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 04, 2022. The said Interim Dividend would be paid to all the equity shareholders of the Company on or before February 24, 2022.

Negative

Motilal Oswal Financial Services Limited Reports Impairment for the Third Quarter Ended December 31, 2021

2022-01-27 11:56:00

Motilal Oswal Financial Services Limited reported impairment for the third quarter ended December 31, 2021. Impairment on financial instruments was INR 294.8 million against INR 338.5 million a year ago.

Neutral

Motilal Oswal Financial Services Limited, Q3 2022 Earnings Call, Jan 28, 2022

2022-01-20 00:00:00

Motilal Oswal Financial Services Limited, Q3 2022 Earnings Call, Jan 28, 2022

Positive

Motilal Oswal Financial Services Limited, 7.00 (INR), Cash Dividend, Feb-03-2022

2022-01-20 00:00:00

Motilal Oswal Financial Services Limited, 7.00 (INR), Cash Dividend, Feb-03-2022

Neutral

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

2022-01-12 13:59:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

2022-01-11 00:00:00

Motilal Oswal Financial Services Limited - Shareholder/Analyst Call

Positive

Motilal Oswal Financial Seeks Acquisitions

2021-12-13 10:56:00

Motilal Oswal Financial Services Limited (NSEI:MOTILALOFS) is looking for acquisitions. It expects to grow its balance sheet to at least INR 100 billion in the next three-four years through organic growth and portfolio acquisitions.

Fundamental Summary

At a high level, the metrics from Motilal Oswal's Q1 financial report release were demonstrably positive. Specifically, their growth, value, and income factors indicate a well-planned and balanced effort, which is generating exciting growth. These results lead us to believe that there should be significant upside potential for the stock. We therefore gave Motilal Oswal a total score of 89 out of 100 and a STRONG BUY recommendation.

Motilal Oswal reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 13,272.7 million compared to INR 13,289.7 million a year ago. Net income was INR 5,092.7 million compared to INR 5,494.8 million a year ago. Basic earnings per share from continuing operations was INR 34.45 compared to INR 36.56 a year ago. Diluted earnings per share from continuing operations was INR 34.27 compared to INR 35.97 a year ago.For the six months, revenue was INR 20,879.2 million compared to INR 22,302.2 million a year ago. Net income was INR 5,405.3 million compared to INR 7,705.3 million a year ago. Basic earnings per share from continuing operations was INR 36.41 compared to INR 51.64 a year ago. Diluted earnings per share from continuing operations was INR 36.23 compared to INR 50.79 a year ago.

Business Description

Motilal Oswal offers financial services in India. It operates through Broking and Other Related Activities, Fund Based Activities, Asset Management and Advisory, Investment Banking Services, and Home Finance segments. The company offers broking and distribution services, such as equities, derivatives, commodities, currencies, mutual funds, insurance products, and other investment products; primary equity offerings; and depository, portfolio management, and asset management services. It also provides private wealth management services, such as equity, alternate, credit solutions, estate planning, will making, and property advisory services; and home loans. In addition, the company offers institutional broking services, including cash and derivatives; private equity services; and investment banking advisory and transaction solutions, including private placement of equity, mergers and acquisitions advisory, and equity capital markets transactions. It serves high net worth individuals; and mutual funds, foreign institutional investors, financial institutions, and corporate clients. Motilal Oswal was founded in 1987 and is headquartered in Mumbai, India. Motilal Oswal operates as a subsidiary of Passionate Investment Management Private Limited.

Sector Overview

Motilal Oswal is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Motilal Oswal's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 169.2B 19.9% 53
Liabilities 112.2B 16.5% 85
Price to Book 2.3 10.6% 88
Cash & Equivalents 21.4B 65.4% 80
Equity 56.7B 28.0% 48
Total Revenues 37.7B 20.8% 43
Parameter Value Change Score
Return on Equity 25.7 -22.2% 93
Net Cashflow 8.5B 88.5% 68
Capital Expenditure -545.4M 15.1% 81
Asset Turnover 0.2 -5.7% 93
Free Cashflow Per Share 65.1 10.7% 63
* All values are TTM

The below chart reflects Motilal Oswal's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Motilal Oswal's peer average final assessment score stands on 72, Motilal Oswal's score is 89.

  •  MOTILALOFS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 0 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 1 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 2 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 3 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 4 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 5 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 6 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 7 1
BSE Limited 78.2B 79 71 83
Buy
83
83 8 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 9 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 10 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 11 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 12 1
Angel One Limited 133.3B 88 69 76
Buy
84
84 13 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 14 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 15 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 16 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 17 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 18 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 19 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 20 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 21 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 22 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 23 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 24 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 25 1

Macro Environment

Positive
80

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Motilal Oswal Financial Services Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In our analysis of the current macro environment, as well as the potential risks that could specifically affect Motilal Oswal Financial Services Limited stock, we concluded that sentiment was largely positive and may lead to short-term price increases. Therefore, we rated the macro environment Motilal Oswal Financial Services Limited with a score of 80.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Motilal Oswal's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Motilal Oswal's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 662.7
52W Low 654.5
52W High 979.8
5D MA 660.13
50D MA 701.81
200D MA 792.63
MACD -12.47
RSI 48.93
STOCH 21.72

Balance Sheet Analysis

Two main balance sheet metrics are driving the positive outlook for Motilal Oswal's financial strength going forward. Motilal Oswal publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 2.3 and represents a 10.6% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 88. Also, In terms of liabilities, Motilal Oswal published good numbers. Their reported liabilities were 112.2B, representing a 16.5% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. Therefore, we rated their liabilities movement with a score of 85. However, one discouraging result, Equity, stood out. Motilal Oswal management produced disappointing equity metrics this period, which stood at 56.7B, representing a 28.0% change. This parameter often affects companies in the same industry and market capitalization by up to 6.0%. This performance is significantly less impressive than its peers and competitors. Therefore, their equity movement component earned a score of 48. Therefore, it received a score of 86.

Parameter Value Change Score
Assets 169.2B 19.9% 53
Liabilities 112.2B 16.5% 85
Price to Book 2.3 10.6% 88
Cash & Equivalents 21.4B 65.4% 80
Equity 56.7B 28.0% 48
* All values are TTM

The below chart describes Motilal Oswal's performance as reflected on its balance sheet with respect to its peers. While Motilal Oswal received a balance sheet score of 86, the average of its peers stands on 72.

  •  MOTILALOFS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 0 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 1 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 2 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 3 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 4 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 5 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 6 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 7 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 8 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 9 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 10 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 11 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 12 1
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 13 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 14 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 15 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 16 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 17 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 18 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 19 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 20 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 21 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 22 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 23 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 24 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 25 1

Income Statement Analysis

Motilal Oswal appears likely to maintain its strong income statement metrics, especially Return Factors. In this filing, Motilal Oswal reported a return on equity (ROE) ratio of 25.7, which represents a change of -22.2%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Consequently, their return factors received a grade of 93. That said, one metric, Revenue Efficiency, stood out as strongly negative. Motilal Oswal reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 37.7B and represented 20.8% change from the previous period. This metric might have a 2.9 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. As a result, their revenue efficiency earned a score of 43. their income statement received an overall score of 75.

Parameter Value Change Score
Total Revenues 37.7B 20.8% 43
Return on Equity 25.7 -22.2% 93
* All values are TTM

The below chart describes Motilal Oswal's performance as reflected on its income statement with respect to its peers. While Motilal Oswal received a income statement score of 75 , the average of its peers stands on 72.

  •  MOTILALOFS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 0 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 1 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 2 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 3 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 4 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 5 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 6 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 7 1
BSE Limited 78.2B 59.0 69.0 78.0 71 8 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 9 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 10 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 11 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 12 1
Angel One Limited 133.3B 46.0 73.0 70.0 69 13 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 14 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 15 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 16 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 17 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 18 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 19 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 20 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 21 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 22 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 23 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 24 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 25 1

Cash Flow Analysis

Overall, Motilal Oswal's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Motilal Oswal's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Motilal Oswal recorded asset turnover of 0.2, which represents a -5.7% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.4%. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Correspondingly, their asset turnover movement received a grade of 93. Also, Motilal Oswal's management was effective in improving its CapEx, which now sits at -545.4M and represents 15.1% change from the previous report. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 81. That said, one metric, Free Cash flow, stood out as strongly negative. Motilal Oswal's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Motilal Oswal recorded free cash flow of 65.1, which represents 10.7% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 5.2%. Their free cash flow situation is more concerning relative to their peers and competitors. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 63. Because its management is doing an excellent job managing these critical metrics, the cash flow was given a score of 81.

Parameter Value Change Score
Net Cashflow 8.5B 88.5% 68
Capital Expenditure -545.4M 15.1% 81
Asset Turnover 0.2 -5.7% 93
Free Cashflow Per Share 65.1 10.7% 63
* All values are TTM

The below chart describes Motilal Oswal's performance as reflected on its cash flow with respect to its peers. While Motilal Oswal received a cash flow score of 81, the average of its peers stands on 62.

  •  MOTILALOFS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 0 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 1 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 2 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 3 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 4 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 5 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 6 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 7 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 8 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 9 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 10 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 11 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 12 1
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 13 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 14 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 15 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 16 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 17 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 18 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 19 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 20 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 21 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 22 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 23 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 24 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 25 1

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